TRX City launches TRX Residences Tower B

by FARA AISYAH / Source:

TRX Residences has officially launched its Tower B in Kuala Lumpur (KL) following the success of Tower A.

All units of Tower A — except those reserved for Bumiputera buyers — were snapped up within its pre-sales period.

The Exchange TRX residential director Eric Chan said the company has received tremendous response to TRX Residences from buyers around the world.

“Many from our loyal customer base joined savvy Malaysians who appreciate the potential of such properties which are very limited in this market.

“Market feedback has been very positive, and we will be showcasing the project locally and internationally to interested investors, commencing with a digital launch on Sept 24,” he said in a statement yesterday.

He added that the Discovery and Experience Gallery in Malaysia is officially open for viewing on an appointment basis.

TRX Residences is jointly developed by international property and infrastructure group, Lendlease Group, with the master developer of the Tun Razak Exchange (TRX), TRX City.

TRX Residences is part of The Exchange TRX, an experiential lifestyle destination that is the new social heart of KL.

TRX City said the encouraging response underlines buyers’ desire for well-connected world-class developments.

The placemaking quality of the project coupled with Lendlease’s international track record and TRX’s stature offers compelling reasons for investment.

When completed, TRX is expected to have 45,000 workforces on site which offers investors and buyers an attractive prospect of strong rental yield and long-term potential asset appreciation.

TRX City CEO Datuk Azmar Talib said since the beginning, TRX City and Lendlease have been focused on delivering a development which will complement the TRX blueprint and vision of being the new heart of KL.

“The TRX Residences will be the epitome of sustainable city-living being in proximity with walkable amenities, public transit, great connectivity and surrounded by efficiently designed outdoor public space,” he said in the statement.

Lendlease Asia CEO Tony Lombardo added: “We are proud to be part of this transformational development, bringing our experience in delivering large urban regeneration projects around the world to Malaysia.

“The Exchange TRX is one of Lendlease’s largest developments globally and TRX Residences will set the new benchmark for sustainable and integrated urban living,” he said.

Last week, Ekovest Bhd, Iskandar Waterfront Holdings Sdn Bhd and TRX City announced a deposit payment of RM1.24 billion and a RM500 million advancement to TRX City, which is wholly-owned by Minister of Finance Inc.