TRX Residences Tops Out And Achieves 90% Sales Of Currently Released Units
Kuala Lumpur – TRX Residences has achieved topping out of both towers and is on track for delivery in the first quarter of 2024. The landmark residential towers at Malaysia’s international financial district of Tun Razak Exchange (TRX) has achieved 90% sales of available units.
The topping out ceremony was officiated by Minister of Local Government Development, YB Nga Kor Ming. YB Nga commended the master developer of TRX and Lendlease for the transformation of the site from an overlooked corner of the city, into a thriving new Central Business District for Kuala Lumpur.
TRX Residences is part of The Exchange TRX precinct, an experiential lifestyle destination that is the new social heart of Kuala Lumpur. It is jointly developed by global integrated real estate group, Lendlease, and TRX City Sdn Bhd, the master developer of TRX and wholly owned subsidiary of the Ministry of Finance.
This 17-acre freehold integrated precinct is the largest urban regeneration project for Lendlease in Asia. It integrates TRX Residences with The Exchange TRX retail, the 10-acre rooftop TRX City Park, Malaysia’s first Kimpton Hotel and Restaurants and a campus-style office block.
TRX Residences links directly into the TRX City Park and thereafter into The Exchange TRX retail and Kimpton Hotel via a link bridge on its facilities floor on Level 8. It is at advanced stages of delivery, with a target opening of The Exchange TRX retail and TRX City Park by the end of 2023.
TRX Residences offers 1- to 3-bedroom homes sized from 474 to 1,636 sq ft. It is only 70 metres to KL’s largest and only MRT interchange station connecting to 64 stations across the Klang Valley. It is also directly connected to the SMART Tunnel and the SPE Highway, including quickly accessible to the MEX Highway.
TRX Residences Hero Shot
When completed, TRX is expected to have 45,000 workforce which offers investors and buyers an attractive prospect of strong rental yield and long-term asset appreciation. In response to the strong sales interest, new choice units will continue to be released over the next months.
The appeal and potential of the precinct are strong pull factors that have driven the sales rate. The government’s endorsement of TRX and the presence of global names in the district are differentiators that have built confidence among international clients. TRX Residences introduced several firsts into Malaysia in its construction such as the Lubeca Jumpform, an integrated hydraulic climbing system, that enables core works for the towers to be completed within a fully self-contained climbing system.
In addition, the curtain wall façade installation was completed behind perimeter protection screens, very quickly following the progress of every floor. This addressed the risk of falling objects to the ground below. The project clinched the Gold Award in OSH Management in Construction at the Malaysian Occupational Safety and Health Practitioners’ Association Excellence Awards 2022.
From a sustainability perspective, TRX Residences will boast the rare double certification of LEED Gold and GBI Gold credentials. This double certification also translates into lower utility costs for residents due to cooler internal spaces and more efficient fittings and appliances. Upon completion, TRX Residences will use a customised Smart Community App for their day-to-day operations.
The app automates processes, adopts digital activations and accommodates seamless interactions, resulting in enhanced property management and security. Residents will be able to manage visitors, book facilities, join interest groups, exchange items and services on a marketplace, check their account details, and more. They will no longer require a physical access card and even control lighting, airconditioning and access to bookable facilities via the app. True to the integrated nature of the precinct, the app also channels exclusive offers and activities from The Exchange TRX retail, TRX City Park and Kimpton Hotel to residents’ devices.
TRX Residences BBQ Area
Quote attributable to YB Nga Kor Ming, Minister of Local Government Development : “One of KPKT’s key initiatives is urban renewal and I am pleased to see how TRX is spearheading this with the successful regeneration of Pudu and Imbi areas. TRX Residences is bringing worldclass standards of urban living to Kuala Lumpur by enhancing the city’s liveability and connectivity.”
Quote attributable to YBhg Dato’ Sr. Haji Azmar Talib, Chief Executive Officer, TRX City Sdn Bhd : “We are proud to partner with Lendlease to deliver this world-class district. The coveted 55188 address is not only KL’s best business address but also the address for the best of city life. As Malaysia’s International Financial Center and KL’s new CBD, TRX is well-connected, smart, safe, secure, with world-class built environment, and an iconic public realm – all of which sets the stage for a new era of prestige urban living.”
Quote attributable to Eric Chan, Project Director, TRX Residences & Plot 2 and Head of Residential Practice, Asia, Lendlease : “It is a tremendous effort to reach this milestone and I must commend our builder, IJM, on a job well done. The appeal of TRX Residences is clearly reflected by the 90% sales of available units from buyers worldwide who recognise its global standing. Our buyers comprise a healthy mix of local and international origin, largely from Asia. They are drawn to the great location and convenience of integrated living that they already enjoy in other parts of the world. We expect that the completion and opening of the precinct will continue to drive interest and sales as it elevates the 55188 postcode.
Beyond the physicality of the project, we have developed a Smart Community App to facilitate better property management. Urban residents today are familiar with technology and seek integrated living options for more sustainable lifestyles. This app enables our residents to sets new standards in seamless operations and interactions across the precinct for our residents to enjoy an #Elevate55188 global lifestyle.”
