Beverly Residence TRX: The Press Record on Beverly Group's Freehold Tun Razak Exchange Project

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Beverly Group is planning 315 luxury serviced residences on a 1.08-acre freehold site in Tun Razak Exchange (TRX), according to The Edge Malaysia on 27 July 2026. It is one of the few new addresses to come to market inside the district itself.

Key facts: 315 units from 688 sq ft to 3,600 sq ft, indicative prices from RM1.7M, and a project the headline values at RM1.1 billion, launching in December 2026. Links to the original articles follow.

What The Edge reported in July 2026

On 27 July 2026, The Edge Malaysia ran the headline “Beverly Group to launch RM1.1 bil serviced apartment project in TRX”. The same report appears on EdgeProp.my, the group’s property site. In summary:

• Developer. Beverly Group announced the project.
• Site. A 1.08-acre freehold parcel within TRX, acquired through a joint venture company with Admantine Capital Pte Ltd and MYM Land Sdn Bhd. (The partner’s name is spelled as it appears in the article.)
• Scale. The headline describes a RM1.1 billion project.
• Concept. A low-density, wellness-focused luxury serviced apartment development.
• Units. 315 residential units, with built-ups from 688 sq ft to 3,600 sq ft. Selected larger units will have private lift lobbies.
• Price. Indicative prices from RM1.7M.
• Target buyers. Affluent urban professionals, expatriates and investors seeking city-centre living, according to the developer.
• Timing. Launch targeted for the fourth quarter of 2026, as reported.
• Context. The report framed the project as Beverly Group’s entry into the luxury residential segment, following the recent completion of Marc Service Residence in KLCC.

The project name, completion date and unit mix by size arrive with the launch; the RM1.1 billion headline figure is the project’s stated scale.

Read the original: The Edge Malaysia, 27 July 2026 and EdgeProp.my.

What The Edge reported in December 2025

Seven months earlier, The Edge Malaysia Weekly (22-28 December 2025 issue) reported that TRX City Sdn Bhd, the Ministry of Finance-owned master developer of TRX, had sold a plot of nearly one acre in the district to Beverly Group Sdn Bhd, which The Edge called a “low-profile developer”, citing several sources.

That report set out:

• Location. The plot sits next to CORE Residence @ TRX.
• Land value. Raine & Horne International Zaki+Partners estimated the land at RM3,500 - 4,500 psf, or above RM150M. Henry Butcher Malaysia estimated about RM4,000 psf. Both consultants put comparable land outside TRX at RM2,000 - 3,000 psf.
• Ownership. Beverly Group’s major shareholder is Singapore’s Qingdao Investments Pte Ltd.
• Financials. For the year ended 31 December 2024, the company reported revenue of RM127M and profit after tax of RM56.75M.
• Track record. Its projects include Marc Serviced Residence on Jalan Pinang, 28 Boulevard in Pandan Perdana, Cheras, and several projects in the Quartz WM township in Wangsa Maju.
• Response. Beverly Group had not responded to The Edge’s questions at press time.

Read the original: The Edge Malaysia, December 2025.

Reading the two reports together

The December report placed the plot beside CORE Residence. The July report gives the site as 1.08 acres, freehold, within TRX, acquired through a joint venture. Read together, they place the project on a freehold plot inside TRX, next to CORE Residence @ TRX.

All coverage to date comes from The Edge Malaysia and its property site, EdgeProp.my.

Where the project sits in the TRX market

For context, and drawn from our own market data rather than the press reports above: completed homes in TRX have traded at a median of RM2,265 psf at TRX Residences across 560 recorded transactions. Our transaction analysis breaks this down by size and block, and TRX vs KLCC vs Bukit Bintang compares the district with its neighbours. For the case for the district as a whole, see why TRX is Kuala Lumpur’s new prime address, and for every project coming to market there, our guide to TRX new launches in 2026.

Our KL vs Asia radius maps set the price against Hong Kong, Singapore and Tokyo.

Foreign buyers should read our foreign buyer guide on Kuala Lumpur’s minimum price, state consent and the 8% stamp duty on residential transfers before reserving any new launch.

What the launch will set out

The December 2026 launch brings the full project detail:

• The project name, building plans and the developer’s licence and advertising permit numbers.
• The unit mix by size, the floor-by-floor price list and early-bird terms.
• The completion date and the service charge.
• The wellness facilities in full.
• For foreign buyers, every unit from the indicative RM1.7M starting price clears Kuala Lumpur’s RM1M foreign-buyer minimum; state consent is filed by the buyer’s lawyer.

Our view

On the reported facts, this is among the most compelling new launches in TRX for 2026. Freehold land inside the district is finite, and 315 homes on 1.08 acres is a low-density plan by city-centre standards.

Homes of up to 3,600 sq ft, some with private lift lobbies, give families a format most investor-led towers in the city do not offer. Consultants value the land at around RM4,000 psf, and completed homes next door trade at a median RM2,265 psf. Against that, the indicative RM1.7M entry is the figure to watch at launch.

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

Frequently asked questions

Who is developing the Beverly Group project in TRX?

Beverly Group, through a joint venture company with Admantine Capital Pte Ltd and MYM Land Sdn Bhd, per The Edge Malaysia in July 2026.

When does the Beverly Group TRX project launch?

The project launches in December 2026. The Edge reported the launch as targeted for the fourth quarter of 2026.

What are the prices and sizes?

Indicative prices start from RM1.7M, according to the July 2026 report. There are 315 units, from 688 sq ft to 3,600 sq ft.

Is the land freehold?

Yes. The site is freehold, per The Edge’s July 2026 report.