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Trinity Group to develop RM1.53b over next 2 years

The Malaysian Reserve - Friday, 13 July 2012

BOUTIQUE property developer Trinity Group Sdn Bhd is looking to carry out four projects in the Klang Valley and one in Johor with a combined gross development value (GDV) of RM1.53 billion over the next two years, managing director Dato’ Neoh Soo Keat tells Real Reserve.

In the Klang Valley, these are Zeva @ Equine South in Bandar Putri Permai, Seri Kembangan (with a GDV of RM250 million and land size of 3.71 acres); a highrise development in USJ19, Subang Jaya (RM200 million, three acres); a project in Melawati, Ampang (RM180 million, three acres); and a project in Bukit Serdang near Pusat Perdagangan Seri Kembangan (RM300 million, five acres).

Of these, the facility packed Zeva - a mixed-use development comprising 446 serviced apartment units in a pair of 15-storey blocks, 320 studio units in a 20-storey block and 12 retail units - hit the market last month.

Targeted at first-time homebuyers, young families and working professionals, the units ranging from 881sq ft to 1,536sq ft start from RM350,000.

Coming on the heels of Zeva will be the highrise development in USJ19, slated for launch in Q1 2013.

In Johor, the proposed project, which will be the first in the state for Trinity Group, is a 1,200-unit freehold high-rise development with an estimated GDV of RM600 million. The units are indicatively priced between RM400,000 and RM600,000.

Neoh disclosed that the four yet-to-be named developments will comprise not only a good mix of residential and commercial components but also promise unique lifestyle concepts.

"Building affordable homes is part of our philosophy. Property projects are getting more expensive by the day and we want to offer middle-income earners and first-time buyers quality of life without having to worry about the price tag."

Going forward, he said Trinity Group, which is in no way related to Trinity Corp Bhd, the new name of Talam Corp Bhd, is considering to make a foray into Singapore and China for starters following its studies of property markets overseas including Cambodia, Colombo in Sri Lanka, London in the United Kingdom and Chicago in the United States.

For the long term, it intends to own hotels and shopping malls for recurring income.

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