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 Trion 2(Sg Besi) Vs Nestree(Pantai Central Park), Which property is good for Investment

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DragonReine
post Oct 18 2021, 08:00 AM

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Disclaimer: I'm Trion 2 buyer for own stay, so you can consider me biased in giving this opinion.

As far as on paper, Trion 2 is much better based on location and connection to amenities (walkable to public transport in the form of upcoming MRT2 station, near city centre). On top of that DBKL has already "promised" they're revitalising Chan Sow Lin area to change into a commercial hub rather than light industrial.

Nestree price is painfully high and premium for the location, and the general job opportunities+population growth in the area is not great.

Two major problems with Trion 2 as investment property:
1) High maintenance fees because commercial title and mid-low density+high number of "premium" facilities, in long run might get costly. In addition my banker had told me during my loan application that the retail price is on high side when valuated, so Trion 2 buyers are paying "future" price.
2) Competition is very stiff. Within 2km there's at least 2 high density investment oriented developments under construction like Trion 1 and proposed 1k+ units serviced apartment right next to Trion 2, there's Maluri area which has existing Sunway Velocity, upcoming super high density low-budget M Vertica, and in Belfield area less than 1km away there's Sunway Belfield.

I'd say overall potential they're about even. Nestree is bigger gamble but potential appreciation might be there in very long term (at least a decade), assuming township development goes through.

I'd personally say the major tie-breaker is which one you are able to hold onto even during no rental income/lack of tenant times, since that's when financial burden will be most painful.

I'll also warn you now that Trion 2 is 90% booked/sold and at least 80% have already signed their SPA according to KPKT data from 4 months ago, so there's not much units to pick from.

This post has been edited by DragonReine: Oct 18 2021, 09:34 AM
DragonReine
post Oct 18 2021, 03:31 PM

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QUOTE(augusta23 @ Oct 18 2021, 02:20 PM)
Hi, I wish to ask about the proposed 1k+ units serviced apartment right next to Trion 2? What's the project name or developer?
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By EcoFirst

https://www.thestar.com.my/business/busines...bil-gdv-project

https://www.nst.com.my/property/2021/04/680...-towers-sg-besi

No official project name yet.
DragonReine
post Oct 20 2021, 04:15 PM

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QUOTE(pennyng93 @ Oct 18 2021, 06:44 PM)
Thank you for your opinion. Appreciate it.
I have booked a unit for Trion 2 and Im waiting to switch to higher unit as I booked a lower one. Trion 2 is 95% booked/sold according to my agent.

Headache now and still cannot decide. 🤯🤯🤯
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I'm more conservative minded lah, so personally I'll choose the one that I can afford to hold on long term even without tenants (i.e. lower instalment+maintenance) 😂 Malaysia rental market is likely going to stay stagnant for a long time unless government curbs the development of high rises. Property is more of a long term investment so must have at least a good holding+exit strategy.
DragonReine
post Jun 23 2022, 12:24 PM

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QUOTE(patpatpatpat @ Jun 22 2022, 03:25 PM)
hi,

do you have any link for this "promised". i booked a unit at KL48 (which is beside the Trion 2) but still thinking want to proceed with loan or not.
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Not that I remember, sorry.

Note that this "advice" considered outdated since Bandar Malaysia project considered less value now with the lack of MY-SG HSL.

The high rental competition and potentially slow/lack of property price appreciation still is a major risk for the area, since whether or not there will be enough development to transform the area to counter depreciation from the wear-and-tear of high rise buildings is a problem. Especially with KL48 high density, even within own property can expect high rental competition.

 

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