Since around the time humans first decided to settle down at a particular spot instead of moving, hunting and gathering food, we have preferred to live in clusters, thus forming hamlets, villages, towns and cities.
Invariably, we would gather along major transport channels like waterways and roads, or near the intersections of one. Why? Because we would like to easily get from one place to another, which means access to facilities and services, to trade or work, and to simply be connected or easily located. Today, such accessibility also means the availability of food delivery, and yes, easier online shopping delivery.
Therefore, demand is always highest for homes near major roads and where public transport is aplenty. So it is no coincidence that most developers will try to build housing near existing or upcoming major transportation infrastructure.
In recent years, this has given rise to what is called transit-oriented development (TOD), a type of urban development that maximises the amount of residential, business and leisure space within walking distance of public transport.
Not only are such developments suited to the busy lifestyles of urbanites, and provide much-needed access to transportation, services and goods, it is also to encourage the use of public transport. This is to cut the use of private cars, thus promoting sustainable urban growth.
Offering typically compact homes that maximise space use, such units are favoured by homeowners and investors alike, with the value of the property increasing as the transportation infrastructures improve or increase around them.
According to a spokesperson of award-winning developer Binastra Land Sdn Bhd, “Property values tend to rise hand in hand with infrastructure growth. Any property valuer will tell you that by and large, the better the infrastructure that is available in an area, the better the value of one’s property will be.”
Ultimately, urbanites understand the importance of easy accessibility to major public transportation. Especially if they have had a taste of the daily traffic crawl to and from work in their own private vehicles that can last up to two hours or more.
“That kind of commuting is no life, and truly there’s no life on the highways. Accessibility to public transportation helps resolve this issue and gives back the life, the lifestyle that the urbanite wants, back to them,” was how the spokesperson put it.
That is why many property buyers choose ease of access as a top priority when deciding whether to put their money down for a property. And as many TODs or integrated developments modelled after them are under commercial land titles, commercial activities like Airbnb are not just encouraged but also more easily managed than a purely residential one.
Accessible developments are also the hallmark of developed countries, as can be seen in countries like Sweden, the Netherlands and Japan. In fact, the residential developments in these countries started to bear the principles of TOD developments since as far back as the end of World War II.
Today, almost all the housing developments built on reclaimed land in the Netherlands and the ex-urban developments in Denmark have the local interpretation of TODs imbued in their planning, with the Dutch going one step further by promoting the use of bicycles as part of residents’ lifestyle.
In Malaysia, local authorities have also been encouraging developers to focus more on TOD rather than low-density developments, as can be seen from Petaling Jaya’s “Rancangan Guna Tanah 2” (RTPJ 2) and Kuala Lumpur’s very own Structure Plan 2020.
This is because TODs or integrated developments bearing such characteristics are capable of not only reducing residents’ dependence on driving but also allow them to live, work and play in the same area.
Thus, reducing the area’s carbon footprint or negative impact on the environment while providing access to better life/entertainment/recreational services. As such projects are capable of stimulating the economy of an area, it has also been known to revitalise old, urban areas.
Binastra’s Trion @ KL is a clear example of just such a development. Located at the busy intersection of Jalan Sungei Besi and Jalan Dua, the mixed development that boasts 38 retail units below three residential blocks of serviced apartments – with two as high as 66 storeys. It is about 15 minutes’ walk away from the Chan Sow Lin LRT station as well as the proposed MRT station there.
By MRT, it will be just a station away from what is sure to be the exciting Tun Razak Exchange financial district and the massive 486-acre Bandar Malaysia project. Putrajaya announced in December that the latter, said to cost RM140 billion, is now set to take off after the government inked an agreement for the project’s commencement.
As for the deferred KL-Singapore High-Speed Rail project, the government has said it will go ahead with the project after making “some adjustments” to reduce the project’s costs. It has also confirmed the HSR will have a station in Bandar Malaysia. That means future residents of Trion @ KL will be just about 90 minutes away from Singapore on completion of the HSR.
This will certainly be a boost for the four-star Mercure Hotel with a Sky Bar that is taking up residence on the 38-56 floors of Trion @ KL’s third block, which will have separate lobbies for hotel guests to ensure complete privacy and convenience for residents and hotel guests.
The hotel’s close proximity means residents can enjoy halal hi-tea or buffet without leaving ‘home’. There are also function rooms on the 53rd floor and a hotel ballroom that residents can rent. On top of that, residents can, should they choose, avail themselves to the hotel’s services, like housekeeping, laundry pick-up and delivery, room service, and event and catering.
To learn more about Binastra Land and its latest projects or to register your interest for Phase 2 of Trion, check out www.binastra.com.my or scan the QR code below for direct access.