TRX Residences Market Analysis 2026: PSF Trends, Rents, and Value

TRX Residences launched from RM 960,000 at roughly RM 2,200 per square foot, and the 2026 secondary market has moved past that line. Asking prices across the six towers now span RM 2,200 to RM 2,941 psf, with fully furnished, well-positioned units commanding the top of the band. Portal data shows psf values rising about 4.8% between 2023 and 2025, so early buyers are sitting on real paper gains. The development holds 896 units from 474 square foot studios to 1,636 square foot family homes, the widest unit menu in the district.

Context matters for those numbers. The Conlay in KLCC core asks around RM 2,450 psf, and KLCC freehold stock broadly trades between RM 1,500 and RM 3,500 psf. TRX Residences pricing sits inside that established band while the district around it is still filling in, which is either the discount or the risk depending on your read of TRX. Our view, argued in the TRX investment guide, is that it is mostly discount.

The buyers who signed at launch from RM 960,000 own the cheapest cost base the building will ever print. Handover came in 2024, the Lendlease and TRX City build finished to spec, and the secondary market opened above launch. Listings in 2026 start around the launch psf for lower floors and bare units, then climb toward RM 2,941 psf for furnished units on good stacks. That spread between bare and furnished is unusually wide here, because the rental market rewards move-in-ready stock and sellers price that in.

The 4.8% psf appreciation from 2023 to 2025 is a measured portal figure, not a projection, and it landed during the district's soft opening years while the mall and offices were still ramping. Whether the next stretch beats it depends on office take-up around Exchange 106. What the number already proves is that the market accepted TRX pricing above launch, which is the first test any new district has to pass and the one most KL launches of the last decade failed.

The bands below apply the 2026 secondary asking range of RM 2,200 to 2,941 psf across the building's main unit sizes. They are indicative asking bands derived from that psf spread, not transaction records: individual listings move with floor, view, and furnishing, and the top of each band assumes a furnished unit on a good stack.

The studios and one bedroom units are the yield stock, priced where a single professional's rent covers the most mortgage. The 1,636 square foot units are the scarce family stock, and scarcity is the argument: almost nothing else inside the district offers that footprint with the mall underneath.

Anyone pricing TRX Residences as a pure rental play needs the supply picture first. Listing portals showed roughly 350 units for sale and over 900 for rent across the six towers in mid 2026. That is a tenant's market, and early landlords are trimming asking rents to fill units rather than holding out. Completed comparators nearby show where the district's rent floor sits: Core Residence, three minutes further from the MRT, signs leases at RM 10 to RM 10.70 per square foot monthly and clears gross yields of 4 to 5%.

TRX Residences should ultimately out-rent its neighbours, because podium living above The Exchange TRX Mall with a 1 minute walk to TRX station is the strongest tenant proposition in the precinct. But 900 competing listings mean the podium premium arrives on the landlord's timeline, not the brochure's. Buyers underwriting a purchase today should model the district floor for the first lease or two and treat anything above it as upside. The full TRX Residences review covers the tenant profile and which stacks let fastest.

TRX Residences is the mid-priced way into the district on psf and the cheapest on absolute entry. Golden Crown Residence, the leasehold tower two minutes from the station, starts higher in ringgit terms from RM 1,280,000 but lower on psf at about RM 1,900, with completion around 2026. Core Residence, freehold and completed like TRX Residences, launched from RM 1,380,000 and now asks RM 2,238 to RM 2,378 psf on the secondary market in a tighter 624 to 1,022 square foot size band.

The RM 960,000 entry at TRX Residences buys a 474 square foot studio, which is how the flagship building undercuts both neighbours on ticket price. A buyer comparing the three should compare like for like: on a two bedroom footprint the three projects converge much closer than the entry prices suggest, and the real differences are tenure, completion status, and how much you value the mall underneath.

Foreign buyers clear Kuala Lumpur's RM 1,000,000 ownership floor with any unit except the smallest studios at the very bottom of the band, and pay the 8% foreign stamp duty on the purchase price. On a RM 1.5 million unit that is RM 120,000, due at transfer. Add legal fees and, for furnished purchases, whatever the furniture line item hides, and the honest all-in figure runs several points above the sticker.

The freehold title keeps the exit clean: no state consent step on transfer, which matters for foreign sellers on a timeline. Buyers pairing the purchase with residency should read the MM2H property rules, since the programme requires a qualifying property purchase and holds it for ten years, and a completed freehold TRX unit fits that brief better than most.

At RM 2,200 psf for a bare unit, we think the answer is yes for patient money. That price buys the only freehold podium residence above the district's mall, in the one KL precinct with government-built infrastructure still working through valuations. The premium stacks, furnished and asking toward RM 2,941 psf, are harder to defend on yield and only make sense if you are buying the exact unit you intend to keep.

The bear case is the rental queue: 900 listings is a real number and it will suppress net returns for the first years of any hold started today. If income now is the priority, Core Residence at similar psf is the more conservative TRX play, and the KLCC vs TRX question is worth settling before committing to the district at all. For buyers who want the district's flagship and can let the office towers fill, 2026 pricing still sits below where a finished financial district usually settles.