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Trinity Group plans to acquire more land, anticipates 50% sales of Trinity Lemanja

The Edge - Monday, 04 September 2017

Boutique developer, Trinity Group Sdn Bhd, plans to acquire more land in the Klang Valley in the near future. "We are in the midst of purchasing two to three pieces of land. We are actively looking to acquire more," founder and managing director Datuk Neoh Soo Keat said at a media preview of the developer's upcoming launch, Trinity Lemanja, on Aug 24.

"Currently, we have a total of 35 acres, with an estimated gross development value (GDV) of RM3.3 billion.They are located in Mont'Kiara,Ampang, Serdang and Johor Baru. We will provide more details once [the acquisitions] are finalised." This month, Trinity will be launching the first phase of Trinity Lemanja, which has a GDV of RM320 million.

"We have received about 4,000 registrations of interest since May. We believe we will receive a good response at the official launch in September. We aim to achieve 50% sales within the first month of the launch," said chief marketing officer C Y Ng.

Located on a 2.8-acre parcel, Trinity Lemanja will be the first freehold development along Jalan Metro Prima in Kepong. Scheduled to be completed in 2021, the condominium will have two 40-storey towers and 583 units in total. They will have built-ups of 960 to 1,173 sq ft each, and will be priced from RM453,000 or RM500 psf. Amenities close to the development include AEON Metro Prima, KL Tzu Chi Jing Si Hall, Kepong Metropolitan Lake-Garden,The Challenger Sports Centre, Kepong Sentral KTM Komuter station and the upcoming Metro Prima MRT station (S05).

It is also located near SJK (C) Kepong and The International School @ ParkCity. The project is accessible via Lebuhraya Daman-sara-Puchong (LDP), New Klang Valley Express-way (NKVE), Sprint Highway, Middle Ring Road 2 (MRR2),Duta-Ulu Kelang Expressway (DUKE) and the upcoming DUKE Phase 2. According to Neoh, one of Trinity Lemanja's notable features is its four-tier security system. It includes a guarded main entrance with a CCTV surveillance system; access control at the car park, residential floors, main lobby and other facilities; and perimeter fencing comprising a 1,800mm brick wall and an anti-climb wall.

Apart from Trinity Lemanja, the developer is planning to launch projects in Mont'Kiara and Ampang, Neoh revealed.

"We are still fine-tuning a lot of the details for the latter, but the project in Mont'Kiara is taking shape. It has yet to be named and has a GDV of about RM400 million. We are looking to launch the project around December, or January next year, depending on market conditions.

"We are cautious about the market, and also the upcoming general election [that will] impact sentiments in the local property market. Perhaps during this period, we may choose to lay low until things stabilise. That would be one of the challenges [in the property market] this year," he said.

Meanwhile, the group is on track to achieve its sales target of RM600 million this financial year. "So far, we have achieved about 50% of that target, and our financial year ends on March 31 [next year]. We are confident that we will be able to hit the target," Neoh remarked.

Founded in 2004,Trinity has a portfolio of projects in the Kiang Valley. Its past developments have an accumulated GDV of RM1.3 billion.They include 19 Residency, The Zest @ Kinrara 9, Lat-itude @ USJ 19, The Z Residence, Zeva @ Equine South and Trinity Aquata @ KL South.

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