Troika, Kota Bharu

Troika (also known as Troika Avenue & Residences) is a leasehold mixed condominium & retail development located in Kota Bharu, Kelantan. There are 338 condominium units and 21 retail units available at this project with built-up from 506 sf for condominium units. It was developed by Malvest Group with a launch price of around RM570 psf for condominium units, and was completed about 2020.

Malvest Group is a small-sized real estate group, and it has undertaken around 3 real estate projects in Malaysia. Other similar projects by the same developer are Marina Residences and Orchardia.

Property Type
Mixed Condominium & Retail
Land Tenure
506 sf (Condominium)
Market Price
RM400,000 (Condominium)
338 Condominiums & 21 Retail Units
Completed In
Launch Price
RM570 psf (Condominium)

This mixed condominium & retail development has many amenities nearby, such as hospitals, schools and universities. The following are some of the major hospitals here:

As for schools, there are Nuh's Ark Islamic Montessori School and SMKA Naim Lilbanat. There are also some universities here, e.g. College Of Commerce and MARA University Of Technology Kota Bharu City Campus.

The current rental yield of Troika is 5.55% for condominium units. The highest rental yield ever recorded was 5.55% in Q1 2022 (condominium); while the lowest one was 4.74% in Q1 2021 (condominium). Meanwhile, the most common unit layouts and sizes available here are as follows:

Condominium Layouts

The most popular layout and size (built-up) combination at Troika for condominium units is 1-bedroom / 506 sf with a median price of RM790 psf. For price wise, the most expensive one is 1-bedroom / 506 sf with a median price of RM790 psf; while the cheapest one is 1-bedroom / 506 sf with a median price of RM790 psf.

Latest Troika for sale listings:

8 Dec 2021Condominium506 sfRM365,000
7 Oct 2021Low-Cost Flat506 sfRM400,000
18 Jul 2021Condominium506 sfRM400,000

Latest Troika for rent listings:

TodayCondominium799 sfRM1,100
21 Jan 2022Condominium506 sfRM2,000
15 Dec 2021Condominium700 sfRM1,900
18 Oct 2021Condominium650 sfRM1,600
26 Sep 2021Low-Cost Flat506 sfRM1,850
24 Jul 2021Low-Cost Flat700 sfRM2,500
24 Jul 2021Condominium850 sfRM2,600
19 Jul 2021Condominium506 sfRM1,300
14 Jul 2021Condominium506 sfRM1,800
12 Jul 2021Condominium700 sfRM2,600
1 user comments on Troika
16 Apr 2020 @ 11:44 PM

Marketed as the tallest building in the state and the golden triangle of the city because of its strategic location in the heart of the city.