by FARA AISYAH / pic by TMR FILE
TRX Residences’ newly launched Tower B has received good responses from prospective buyers, although the property market remains soft.
The Exchange TRX residential director Eric Chan said the company has been doing a series of webinars in addition to the digital launch it held for Tower B.
“We have over 6,000 registrations and people from over 30 countries logged in for the launch,” he said during the virtual media interview with Lendlease Group recently.
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 Sdn Bhd. The residential project is part of The Exchange TRX, an experiential lifestyle destination in Kuala Lumpur.
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.
In September, TRX Residences Tower B was officially launched following the success of Tower A which was snapped up within its pre-sale period.
Chan also said the company is developing a smart community application for the residents.
“The idea behind this application is based on the concept of ‘my home and my precinct’, whereby we want residents buying their units and living here to feel that the entire precinct is part of their home.
“We will also embark on various future-forward technologies such as the use of robotic concierge services to assist visitors and residents,” he said, adding that the application is expected to be introduced in 2021.
Lendlease believes properties must be developed not just to meet today’s demands, but to map trends, technological and environmental demands of the future.
Lendlease Malaysia MD and head of country Stuart Mendel expects to see further acceleration on the use of technology to run businesses and cities moving forward.
“The focus of our master plan is on the extensive use of CCTV, the ability to programme it and to detect large gatherings and to refine the artificial intelligence behind the technology.
“Building resilience and thriving communities are something we have been focusing on and we aim to highlight the importance of creating great cities and communities that can withstand the pandemic and climate change, which will encourage more people to live and visit here,” Mendel said.
In September, 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.
Read our earlier report