News: Core Precious Development Launches Core Residence At The Tun Razak Exchange

Nov 27, 2019

Core Residence @ TRX, the first residential project to be located at the Tun Razak Exchange (TRX), was recently launched by Core Precious Development on 25 November. 

Core Precious Development is a joint-venture entity between WCT Holdings Bhd and China Communications Construction Group Ltd (CCCG).

The project has a RM1.4 billion gross development value and sits on a 1.65-acre (71,874 sq ft), located within Malaysia’s first international financial district, reported The Malaysian Reserve.

It features a 50-storey building comprised of three towers, containing 700 units with sizes ranging from 624 sq ft (Smart Suite units) to 1,022 sq ft (Comfort Suite units).

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The high-end freehold property also has the City Suite (1,011 sq ft), Elite Suite (925 sq ft), Signature Suite (839 sq ft), Premium Suite (817 sq ft) and Flexi Suite.

All units are uniformly priced at RM2,200 per sq ft.

Core Residence @ TRX will be completed by the end of 2023 and will be turned over to purchasers in the first quarter of 2024.

Zhang Bao, Core Precious Development chairman and MD, said the units are available to buyers from around the world.

“Core Residence @ TRX is well-positioned to be the frontier of global living for professionals and financial practitioners, who will live and work in the business district of Kuala Lumpur (KL),” he said.

CCCG Overseas Real Estate Pte Ltd chairman Sui Zhenhai said an extensive research was conducted before the decision was made to invest into the Malaysian market.

“Malaysia is also an important country as it is part of the Belt and Road Initiative by the Chinese government and is currently the country with the largest number of CCCG branches, which indicates that it is an important and strategic nation for CCCG and CCCG Overseas Real Estate,” he said.

 

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Devin Teo
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CHESTER PROPERTIES SDN. BHD.
devinyahong@gmail.com
(+60) 16-7610707