Trinity Group: April launch for Bukit Jalil condo

KUALA LUMPUR: Trinity Group Sdn Bhd aims to launch The Z Residence project at Bukit Jalil in April, said its managing director Datuk Neoh Soo Keat.

The condominium will be developed on a seven-acre freehold site with a gross development value (GDV) of RM400 million, he told The Edge Financial Daily via e-mail.

The Z Residence, which is currently open for registration, will be the group’s first launch this year, he said.

“This project has garnered a lot of interest from the market,” he added. The response has also exceeded the group’s expectations, although he did not reveal the number of registrants or any further details.

According to online advertisements, units will come with either two, three or three plus one bedrooms while all units will have two bathrooms. The built-ups range from 1,033 sq ft to 1,394 sq ft.

“We are putting in the final touches to the product offering and therefore do not have the final pricing for the units yet,” he explained.

On its industrial development Latitude @ USJ 19 in Subang Jaya, Neoh said the group has sold 80% of the 15 units since its launch on Nov 19.

Neoh noted that Latitude @ USJ 19 had attracted mostly end-users as opposed to investors.

The RM65 million project is being developed on a 5.8-acre parcel of leasehold land near Carrefour, Digital Mall and The Summit USJ.

It comprises 14 units of 2 ½-storey semi-detached factories and a larger detached factory in a gated and guarded compound. The built-ups of the semi-detached units will range from 7,613 sq ft to 8,057 sq ft while the land areas will range from 10,987 sq ft to 16,751 sq ft.

Meanwhile, the detached factory will have a built-up of 10,622 sq ft and a land area of 17,933 sq ft.

Semi-detached units are priced from RM3.6 million to RM5 million while the detached unit has a price tag of RM7 million.

The project is targeted for completion in 18 months, he said.

When asked about similar future developments, Neoh says the project “is currently at the planning stage”. The group has also set aside a three-acre site in the USJ 19 area for another similar industrial development, which has an estimated GDV of RM45 million.

As for its other projects, namely mixed developments The Zest @ Kinrara 9 and 19 Residency, both in Puchong, Neoh said the group has sold all of the units except for bumiputera units at The Zest @ Kinrara 9.

Trinity Group, previously known as Trinity Towers, currently has a total of over 37 acres of landbank in USJ, Taman Melawati, Bukit Jalil, Cheras and Klang.

Part of this includes a three-acre tract of residential land in Taman Melawati with a projected GDV of RM60 million.

This article appeared in The Edge Financial Daily, February 25, 2011.

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