Beverly Group Malaysia: The Developer Behind Beverly Residence TRX, Its Record and Its First Luxury Address

Beverly Group is a Singapore-backed developer founded in 1980, majority-owned by Singapore’s Qingdao Investments Pte Ltd, and in FY2024 it reported RM127 million in revenue and RM56.75 million in profit after tax. Its next project, widely searched as Beverly Residence TRX, is a 315-unit luxury serviced residence on a 1.08-acre freehold site inside Tun Razak Exchange, with indicative prices from RM1.7 million, per The Edge Malaysia; it is launching in December 2026.

Key facts: 46 years in development, 637 serviced apartments delivered at Marc Residence in KLCC, and a RM1.1 billion first step into luxury in TRX.

Beverly Group: key facts

Company	Beverly Group Sdn Bhd
Founded	1980, by founder and CEO Lim Seak Koon (EdgeProp, 2016)
Major shareholder	Qingdao Investments Pte Ltd, Singapore
Origins	Civil structure contractor, then developer
Markets	Malaysia, Singapore and China
FY2024 results	Revenue RM127M; profit after tax RM56.75M (year ended 31 December 2024)
Flagship in KLCC	Marc Residence, Jalan Pinang: 637 serviced apartments, completed 2007
Klang Valley townships	28 Boulevard, Pandan Perdana; The Quartz WM, Wangsa Maju
Joint-venture partners	Mapletree Investments and Lai Sun Development (Klang Valley projects); Admantine Capital and MYM Land (TRX)
Next launch	Freehold serviced residence in TRX, 315 units, December 2026 (reported by the press as Q4 2026)

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Who is Beverly Group?

Beverly Group began as a civil structure contractor. EdgeProp’s City & Country profile in March 2016 reported that founder and CEO Lim Seak Koon moved the company into development to see construction “from the other side”, and that the group invested in China as early as 1983.

At the time of that profile it had completed four projects worth RM1.5 billion and had eight under way across Malaysia, Singapore and China.

The group’s major shareholder is Singapore’s Qingdao Investments Pte Ltd, The Edge reported in December 2025. That report gave results for the year ended 31 December 2024: revenue of RM127 million and profit after tax of RM56.75 million, a net margin of about 45%. The Edge described Beverly Group as a “low-profile developer”.

Beverly Group’s track record

Marc Residence, KLCC

The flagship Malaysian development is Marc Residence on Jalan Pinang, KLCC: 637 serviced apartments launched in 2003 and completed in 2007. EdgeProp recorded that it sold at an average of about RM700 psf, rented for about RM3,000 a month at the time, and was fully occupied.

The Edge’s July 2026 report positions the TRX project as the group’s entry into the luxury segment, following Marc Service Residence in KLCC. See also KLCC new launches in 2026.

28 Boulevard, Pandan Perdana

28 Boulevard (28 BLVD) is an 11.07-acre development at Pandan Perdana, launched in March 2015 as a 50:50 joint venture with Mapletree Investments. It comprises two serviced apartment towers, two SoHo towers and two commercial levels, with units from 450 sq ft studios to 1,744 sq ft five-bedroom homes.

The Quartz WM, Wangsa Maju

The Quartz WM is the group’s township on a 16.5-acre freehold parcel in Wangsa Maju, about 4.6 km from KLCC, bought in 2013. Its first phase, Lexa Residence, was developed with Mapletree Investments and Hong Kong’s Lai Sun Development: 438 serviced apartments in two towers.

Later phases include Fera Residence, Altris Residences and Milla Residence. The Edge’s December 2025 report cites several Quartz WM projects among the group’s completed and ongoing work.

Singapore and China

EdgeProp’s 2016 profile lists Parc Haven, 137 apartments in Singapore completed in 2005, and Chuan Vista, 19 landed homes in Singapore completed in 2000. In China it names Guangzhou Dolce Vita, a 2,785-unit development in Guangzhou, and the Guangzhou International Golf Club.

The Beverly Residence TRX project

On 27 July 2026, The Edge Malaysia and EdgeProp reported that Beverly Group will launch a RM1.1 billion serviced apartment project in TRX. The key facts, as reported:

Location	Inside Tun Razak Exchange, next to CORE Residence @ TRX
Site	1.08 acres, freehold
Structure	Joint venture company with Admantine Capital Pte Ltd and MYM Land Sdn Bhd
Project scale	RM1.1 billion
Concept	Low-density, wellness-focused luxury serviced residence
Residences	315
Sizes	688 sq ft to 3,600 sq ft
Private lift lobbies	Selected larger units
Indicative prices	From RM1.7 million
Target buyers	Affluent urban professionals, expatriates and investors
Launch	Q4 2026 (as reported); December 2026

The RM1.1 billion scale across 315 residences works out to an average of about RM3.5 million per home. That places the project at the large-unit, upper end of the TRX market.

The project name, completion date and full unit mix are released at launch. We summarise every press report in Beverly Residence TRX: what the press has reported, and the wider pipeline in our guide to TRX new launches in 2026.

How Beverly Group secured the TRX site

The Edge Malaysia Weekly reported in December 2025 that TRX City Sdn Bhd, the Ministry of Finance-owned master developer of TRX, had sold the plot of nearly one acre to Beverly Group Sdn Bhd.

Raine & Horne International Zaki+Partners estimated the land at RM3,500 - 4,500 psf, or above RM150 million, and Henry Butcher Malaysia at about RM4,000 psf, against RM2,000 - 3,000 psf for comparable land outside TRX. The July 2026 report gave the site as 1.08 acres, freehold, held through the joint venture.

Why Beverly Group chose TRX

Beverly Group’s first luxury project sits in the strongest residential location in Kuala Lumpur on the numbers:

• The city’s only MRT Line 1 and Line 2 interchange is inside the district.
• A 10-acre rooftop park, TRX City Park, above The Exchange TRX mall.
• About 30,000 people work in TRX, and more than 85% of its office space is committed, per TRX City in September 2026.
• Proven resale prices. TRX Residences has recorded 560 deals at a median of RM2,265 psf, with gross yields of about 5.6%.
• #1 on the trxestate Prime KL Residences Index: TRX Residences scores 89 of 100, ahead of every KLCC tower.
• Proven demand next door. CORE Residence @ TRX, the project’s neighbour, sold its first 200 units within a month of launch and rents at about 5.7% gross.

With 315 homes on 1.08 acres and layouts up to 3,600 sq ft, the Beverly project offers what the completed towers in TRX do not: lower density and family-sized homes with private lift lobbies. Read why TRX is Kuala Lumpur’s new prime address, every luxury condo in TRX and Living at TRX.

Beverly Residence TRX against the TRX market

Measure	Beverly Residence TRX	TRX Residences	CORE Residence @ TRX
Developer	Beverly Group JV	Lendlease with TRX City	CCCG and WCT
Units	315	896	~700
Sizes	688 - 3,600 sq ft	474 - 1,636 sq ft, sky residences above	624 - 1,022 sq ft
Price	From RM1.7M	RM2,265 psf median	RM2,100 - 2,300 psf asking
Tenure	Freehold	Freehold	Freehold
Status	Launch December 2026 (Q4 2026 as reported)	Completed 2024	Completed 2024

See how the entry ticket compares with Hong Kong, Singapore and Tokyo on our KL vs Asia radius maps.

Buying at Beverly Residence TRX as a foreign buyer

Every unit from the indicative RM1.7 million starting price clears Kuala Lumpur’s RM1 million foreign-buyer minimum. State consent is filed by the buyer’s lawyer, and foreign residential transfers carry 8% stamp duty from 2026. Read our foreign buyer guide.

What to weigh

• A first luxury project. The record is in serviced apartments and townships; TRX is the group’s first luxury address.
• Details arrive at launch. Name, completion date and unit mix are released in December 2026.
• Land at a premium. Valuers placed the site at about RM4,000 psf, a premium that reflects the address.

Our view

Beverly Group is the kind of developer that rarely makes headlines and rarely needs to: 46 years of building, a Singapore shareholder, and a 45% net margin in FY2024.

What makes the project worth attention is the format. TRX’s completed towers were built around compact investor units; 315 homes on 1.08 freehold acres, with layouts to 3,600 sq ft and private lift lobbies, answers the family buyer the district has so far underserved. For a buyer who wants TRX’s rail and park in a larger, quieter home, this is the launch to watch.

Frequently asked questions

Who is Beverly Group?

Beverly Group Sdn Bhd is a property developer founded in 1980 and majority-owned by Singapore’s Qingdao Investments Pte Ltd. It has projects in Malaysia, Singapore and China, including Marc Residence in KLCC and The Quartz WM in Wangsa Maju.

Is Beverly Group a Singapore company?

Beverly Group is Singapore-backed: its major shareholder is Singapore-registered Qingdao Investments Pte Ltd, and The Edge refers to it as “Singapore’s Beverly Group”. It develops in Malaysia through Beverly Group Sdn Bhd.

What has Beverly Group built in Malaysia?

Marc Residence on Jalan Pinang, KLCC (637 serviced apartments, 2007), 28 Boulevard in Pandan Perdana with Mapletree, and The Quartz WM township in Wangsa Maju, including Lexa Residence.

What is Beverly Residence TRX?

Beverly Residence TRX is the name buyers use for Beverly Group’s 315-unit freehold luxury serviced residence inside Tun Razak Exchange, next to CORE Residence @ TRX. Sizes run from 688 to 3,600 sq ft, with prices from RM1.7 million.

When does Beverly Residence TRX launch?

Beverly Residence TRX is launching in December 2026. The Edge Malaysia reported the launch as targeted for the fourth quarter of 2026.

How much is Beverly Residence TRX?

Indicative prices start from RM1.7 million, within a RM1.1 billion project. Selected larger units have private lift lobbies.

Is Beverly Residence TRX freehold?

Yes. The 1.08-acre site is freehold, per The Edge Malaysia’s July 2026 report.

Is Beverly Group financially strong?

Yes. For the year ended 31 December 2024, Beverly Group reported revenue of RM127 million and profit after tax of RM56.75 million, a net margin of about 45%, per The Edge.

For the residence itself (location, distances, layouts and launch), read our Beverly Residence TRX guide.

Register for a private viewing

We are collecting registrations for private previews of Beverly Group’s TRX project ahead of the December 2026 launch. Register for a private viewing to receive floor plans and the price list as they are released. This site is run by an independent marketing agency, not by the developer.

This article is general information compiled from published press reports and public records, not investment advice. Project details are as reported by The Edge Malaysia and EdgeProp and are finalised at launch.