Trinity Group’s latest property development is a mixed serviced apartment called The Zest, located in Bandar Kinrara (or specifically, Kinrara 9). The property, standing on some 5.6 acres of freehold land, is made up of commercial spaces, shop offices, and residential units.
The Zest is comprised of three blocks that houses some 720 units with 20 storeys each, and will be made up of shops, retail outlets, and serviced apartments. Trinity is a boutique development company with a rather strong portfolio comprising of Zeva (Equine South), The Z Residence at Bukit Jalil, Latitude (USJ 19), Heron Residency and 19 Residency (both at Bandar Bukit Puchong). We have long been bullish about “fringe” developments outside the city with strong population growth like Puchong and Bukit Jalil; seems like Trinity shares the same vision as PropertyReviews.my 🙂
The asking prices for the Zest is now hovering at the RM500 PSF level; this is somewhat similar to some condominiums in PJ, and definitely belong to the higher range of Puchong apartments (like Aseana Puteri in Bandar Puteri). Is this fair price to pay? Find out by downloading this property valuation guide which is free courtesy of GoodPlace.my.
When launched in 2009, the Zest was priced at approximately RM300 PSF, and so the appreciation has been more than +66% in just three years. The take up rate is reportedly 100% – so the only way to get a unit is through the subsale market.
Zest for Living
There are five layouts (with a total of 720 units) to choose from, each with different built-up areas. Built-up areas start at 1,110 square feet, with larger built-up areas measuring at 1,213 square feet.
Type A units are sized at 1,205 square feet. For units with a Type B layout, its built-up areas range from 1,180 to 1,191 square feet. Type C units are measured at 1,119 square feet. For The Zest’s Type D units, residents can expect a built-up area of 1,110 square feet, making it the smallest choice. Finally, its largest unit is measured at 1,213 square feet.
Trinity has developed a property that combined luxury and convenience through the Zest. Living up to its name which means “enthusiasm”, The Zest definitely brings out the enthusiasm among its residents through its luxurious amenities and facilities. The mixed development has a contemporary façade design, set in a lush green landscape backdrop. Facilities include a barbecue cabana, a jogging track, a reading room, and a swimming pool.
The Zest also offers a nursery and a surau for its residents. There is also a luxurious infinity pool, an exercise lawn, a landscaped oasis, and a reflective pond to offer moments of serenity. In addition, The Zest also has a Jacuzzi, a chillout box, play mounds, and a reflexology path. The list of The Zest’s luxurious amenities and facilities doesn’t end here. Other facilities include a cafeteria, a gymnasium, a launderette, changing rooms, a cyber café, a squash court, and a multipurpose hall. The mixed serviced apartment also employs a strict 24 hour security system complete with three-tier security to ensure protection and security for its residents. High speed internet access is also provided.
Zest for Convenience
It’s easy to go to The Zest as residents may take Kuala Lumpur’s major highways, namely the KESAS Highway, the LDP Highway, and KL-Seremban Highway. This makes it convenient for The Zest’s residents to go to their destinations around Kuala Lumpur—the Zest is located just 20 minutes from the city centre, five minutes from Bandar Sunway, and 10 minutes from Petaling Jaya (barring the traffic!). The Zest is also close to nearby schools, shopping malls, and even golf courses.
We like integrated developments like The Zest – we believe that the capital yield for residential units in mixed developments is typically superior due to increasing demand. The other integrated development in Puchong – the more visible Setiawalk is showing great promise with both residential and commercial units getting good traction. Additionally, while the developer doesn’t have a strong brand name a la IOI or SP Setia, it does seem to have a good track record with a handsome portfolio to boot.
The pricing for The Zest is also about right given that older condominiums like Aseana Puteri is also reaching RM500 PSF in asking prices; however one could well argue that the latter has got a unique proposition (on top of an airy hill, next to The Cube and the upcoming IOI Rio City). To analyze what’s the fair market price to pay for a unit here at The Zest, use this real estate price valuation guide below (which will be emailed to you once you submitted your details) –