CORE Precious marks topping out of 80% taken-up CORE Residence @ TRX
KUALA LUMPUR (March 27): Some 80% of CORE Residence @ Tun Razak Exchange (TRX) has been taken up, according to a press statement on Monday (March 27).
Developed by CORE Precious Development Sdn Bhd — a joint venture between China Communications Construction Group (CCCG) and WCT Holdings Bhd — the project had its topping-out ceremony on Sunday (March 26). CORE Residence has a gross development value of RM1.4 billion. Spread across a 1.62-acre freehold tract, the project comprises three towers — two of which are serviced residences with a total of 580 units sized from 624 sq ft to 1,022 sq ft. They are priced from RM1.2 million.
The other tower, meanwhile, is a serviced apartment, with details yet to be confirmed.
In the statement, CORE Precious Development chairman and managing director Zhang Bao said, "This is a significant milestone for us as we successfully navigated through the Covid-19 challenges, continued the construction of CORE Residence and still achieved a strong take-up for our units. CORE Residence @ TRX currently has a favourable take-up rate of 80%, attracting customers from more than 20 countries with its buyers coming from key Asian countries such as China, Singapore, South Korea and Japan, and not forgetting Malaysia."
The project is 70% completed as of March 27 and is slated for completion by the end of the year. This milestone positions CORE Residence as the first residential project in the financial district of TRX.
Meanwhile, the statement also highlighted that upon completion, CBRE|WTW will be the property manager of CORE Residence @ TRX.
CBRE|WTW group managing director Tan Ka Leong said: “We are grateful to be able to work together with a forward-thinking partner like CCCG. The selection of the property manager and the discussion process with them was not an easy one, proving that they have always sought the highest standards in all aspects to fulfil their buyer’s expectations. We, at CBRE|WTW, are committed to delivering the best advice and providing superior quality services to the client and owners of CORE Residence @ TRX.” -
The Edge Markets
- Developer: CORE Precious Development Sdn Bhd (Company No.1062140-X) Level 5, Unit 5.03, Menara Khuan Choo, 75 Jalan Raja Chulan, 50200 Kuala Lumpur, Malaysia • Developer's License No.: 19783-1/10-2022/02921(L)
- Validity: 16/10/2021 -15/10/2022 • Advertising & Sales Permit No.: 19783-1/10-2022/02921(P) • Validity: 16/10/2021 -15/10/2022• Land Tenure: Freehold• Land Encumbrances: Bank of China (Malaysia) Berhad • Authority Approved Building Plan: Dewan Bandaraya Kuala Lumpur• Building Plan No.: BPT4 OSC 20190798 • Expected Date of Completion: March 2024 • Type of Property: Serviced Apartment• Total Units: 580 • Block 1 - 287 units, Price: RM1,516,816 (Min) - RM2,534,302 (Max)• Block 2 - 293 units, Price: RM1,502,626 (Min) - RM2, 264,057 (Max)• Bumiputera Discount: 5%. IKLAN INI TELAH DILULUSKAN OLEH JABATAN PERUMAHAN NEGARA• The information contained in this material is subject to change and cannot form part of an offer or contract. All renderings are artist's impressions only. All measurements are approximate. While every reasonable care has been taken in preparing this material, the developer cannot be held responsible for any inaccuracies. All the above items are subject to variations, modifications & substitutions as may be required by the Authorities or recommended by the Architect or Engineer.
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