The KLCC vicinity definitely has a lot of things to be excited about — why? In case you haven’t heard, Sim Lian’s future development called KL Trillion is set to grace the KLCC skyline come 2014. It is located off Jalan Tun Razak – just further up the road from myHabitat and Vista Damai. Across the busy Jalan Tun Razak are Hampshire Park and Taragon Puteri YKS. At Gross Development Value (GDV) at nearly RM900 million, this is easily one of the bigger developments which grace the KL city this year.
KL Trillion is set to become one of KLCC’s prestigious “Green Buildings”, because Sim Lian Group wants to make sure that the condominium complies to Malaysia’s Green Building Index requirements. Residents can expect to live in a life of luxury as well as do their part in making the environment a safer place to live in, through the use of sustainable energy that would also be beneficial in reducing energy costs. It’s part of the “Tropical Garden City” plan which is to complete by 2020.
This part of Jalan Tun Razak is fast becoming over saturated with supply especially with the upcoming Three28 Tun Razak. Will KL Trillion be able to hold its own? We will find out soon enough…
Unit Description, Layouts, and Built-up Areas
The condominium consists of three blocks. There will be two blocks that will house its serviced apartments. One tower houses its office and commercial units. Serviced apartments have built-up areas that start at 800 square feet, while office and commercial units start at 1,000 square feet to 11,000 square feet. However, the developers also included that the condominium will have 530 car park bays, which will occupy two floors on the condominium’s basement.
KL Trillion is still in its pre-registration stage at the time of writing this review, having launched in July (and in Singapore a month earlier). Take up rates in Singapore were reportedly ho-hum; the developers blamed the lukewarm response to the haze. OK…
There’s a RM10,000 registration fee, and a waiver of SPA legal and disbursement fees as well. DIBS package was also thrown in to further entice buyers; although this has been scrapped post January 1st, 2014.
Now even though KL Trillion is smack in the middle of KL, the fact is that it’s not inside what’s commonly accepted as the “KLCC enclave“. Even though many amenities are reachable by foot (see this interactive map below), its “walkability” is still considered sub-par when compared to condominiums like K Residence and One KL.
[poiautomap address=”The Trillion Kuala Lumpur U/C KL Federal Territory of Kuala Lumpur Malaysia” zoom=”15″]KL Trillion[/poiautomap]
Trillion Kuala Lumpur’s GoodPlace Walkability Score (GWS) stands at 74 (on a scale from 0 to 100, with 100 being the top mark). Now while this score is respectable enough on its own, it is slightly below average when compared to other city condominiums. For more details on how to interpret this score, and to download a beautiful KL map with walkability scores, go to this page.
About The Developer
KL Trillion is developed by the Sim Lian Group from Singapore. Sim Lian is known more for its “bread and butter”, mass market projects in down south, focusing mainly on HDB flats and mid-of-the-range condominiums. In Malaysia, apart from KL Trillion, Sim Lian’s other project is Taman Bukit Bayu in Johor Baru (near the Senai Airport).
Being a mid-range Singapore property developer means that there may not be much “developer premium”, and it does seem that Sim Lian’s future forays into Malaysia property (especially in the Klang Valley) would hinge on the performance of KL Trillion.
The condominium lists only first-class luxury amenities and facilities for its potential residents. They include a 50 metre lap pool, as well as a lawn area, a fitness centre, a Jacuzzi, and a children’s pool. A barbecue area can be turned into venues perfect for parties, gatherings, and get-togethers. An outdoor lounge is available for its residents and their guests to relax and unwind after a long and tiring day. The children’s playground will keep toddlers active.
The amenities floor reportedly total up to some two acres, which is pretty awesome.
KL Trillion will also have a community space that will allow residents to interact with one another. A water feature and several sculptures will be seen from the condominium’s entrances and lobbies. The condominium will have a 24-hour security to keep residents safe at all times.
KL Trillion is planned to have features that uses natural resources to conserve, reuse, and sustain energy. It includes:
- Rainwater harvesting system which can be used for cleaning and gardening purposes
- Natural daylight usage
- Sun shading devices
- Landscaped podium garden
- Passive and active cooling and heating system
- An Overall Thermal Transfer Value design
… And Seeing Green
We assumed KL Trillion to carry a hefty price—and we sure assumed right. Currently, average for sale prices for serviced apartments at the KL Trillion starts at about RM1,000 up until RM1,800 per square feet. It must be pretty obvious—just look at how this condominium is named 🙂 Its price tag puts it firmly in the upper echelon of KLCC condominiums in terms of pricing (and just right below branded residences such as the magnificent RuMa which breaches the RM2,000 per square feet).
To find out what’s the fair market value of a unit at KL Trillion, click here to download our property valuation guide for free.
We love how KL Trillion is perfectly located to be close to KLCC’s commercial towers and offices — this makes it easier for potential residents to walk to and from work with convenience. The nearest LRT station, which is Ampang Park Rapid KL, is only seven minutes away. This is perfect for commuting residents who need to go to different parts of Kuala Lumpur.
We do have some concerns over the oversupply of condominiums in the adjacent areas with Vista Damai and myHabitat providing bulk of vacant units which may drag the prices down. Indeed, in terms of pricing, it’s yet to be determined how the KL Trillion would fare against its neighbouring KLCC condominiums. It’s a little expensive and some people that we interviewed saw a slight drop in the future to keep up with the competition. It seems to attract the more affluent, probably single young professionals who work near the area, or families with a lot of ringgit to spare and wouldn’t mind the “professional” vibe of the condominium.
Also, with DIBS in offer we should see higher take up rates than the Singaporeans. Factoring in the discounts and the DIBS scheme, PSF price goes down to below the RM1,000 PSF point. But whether this is fair price to pay is still debatable; the best way to find out is to compute the fair market value using the “comp” method which we outline in this guide below –