Trinity to launch RM660m projects over next 12 months

KUALA LUMPUR: Trinity Group Sdn Bhd is planning to launch RM660 million worth of residential projects in the Klang Valley over the next 12 months, said the founder and managing director Datuk Neoh Soo Keat.

The projects will be in Sungai Besi and Mont Kiara, he told reporters yesterday. Both projects are high-rises.

“We have already begun work on these projects. They will keep us busy over the next few years,” he said.

According to Neoh, the freehold projects will cover approximately three acres (1.21ha)  each.

The Sungai Besi condominium, which the group plans to launch in October or November, has a gross development value (GDV) of RM270 million and will have over 400 units.

While he declined to reveal the unit prices, he said “they will be very competitive”.

Meanwhile, the development in Mont Kiara, which the group plans to launch in the second quarter of 2015, has a GDV of RM390 million with over 300 residential units that will be priced from RM1 million.

Both projects will have units ranging from 1,000 sq ft to 1,300 sq ft, he added.

Neoh was speaking at a media tour of The Z Residence condominium in Bukit Jalil, in Kuala Lumpur.  

The Z Residence, which was completed in June, comprises four blocks of 26- and 27-storey condominiums over a 6.7-acre freehold site.

There are 1,136 units with 2-, 3- and 3+1-bedroom layouts while built-ups range from 1,032 sq ft to 1,407 sq ft. Prices start from RM350,000, bringing the project’s GDV to RM580 million.

Almost all but 30 of the units have been sold since the first block was launched in 2011, according to a Trinity Group spokesman.

The condo’s facilities include a 180-foot infinity pool with a pool pavilion, a sky lounge perched 430 feet above ground level, and floating gardens on the ground floor.

To reduce congestion, Trinity Group also built an 800m road to shorten travelling time between Puchong and Bukit Jalil via the Bukit Jalil Highway at a cost of RM3 million.

Neoh, standing next to The Z Residence model, says the prices for the Sungai Besi and Mont Kiara developments ‘will be very competitive’.

This article first appeared in The Edge Financial Daily, on July 18, 2014.