RM1.4 BIL CORE RESIDENCE @ TRX CELEBRATES TOPPING OUT CEREMONY, COMPLETION EXPECTED END-2023

KUALA LUMPUR, 26 MARCH 2023 — CORE Precious Development Sdn Bhd (“CORE Precious” or the “Company”) reached a major milestone in the construction of its 70%-completed CORE Residence @ TRX, which has a gross development value of RM1.4 billion. The Company celebrates a topping-out ceremony with the placing of the final beam of the project structure, further cementing CORE Residence @ TRX position as the first residential project in the financial district of Tun Razak Exchange (“TRX”).

CORE Precious is a joint venture between China Communications Construction Group (CCCG) — one of the Fortune Global 500 corporations and WCT Holdings Berhad — one of Malaysia’s leading engineering and construction companies and property developers.

CORE Precious Development Sdn Bhd Chairman and Managing Director Zhang Bao said: “It is my greatest pleasure to welcome everyone to our topping-out ceremony of CORE Residence @ TRX, a meaningful event to celebrate the progress and achievement of CORE Residence. 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.”



As the first residential development in the 70-acre mega-development of Tun Razak Exchange, the future of Kuala Lumpur’s financial district, the project has received an overwhelming response from a wide array of international and local buyers.

“Today’s occasion further cement CORE Residence @ TRX’s position as a strategic landmark in attracting international investors to purchase a property here,” he adds

“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,” he further elaborates.

The first residential development within TRX, CORE Residence will set the curve for a high-end premium lifestyle within the vicinity as the residence comes equipped with first-class living facilities and panoramic floor-to-ceiling windows with interior design emphasising natural lighting and ventilation in its units.

Spanning across 1.65 acres of freehold land, the luxury residence comprises two serviced residence towers with 580 units and one serviced apartment tower. Offering seven different layouts to choose from, the unit built-up ranges from 624 sq ft to 1,022 sq ft.

Upon completion, CBRE|WTW will be the property manager of CORE Residence @ TRX. CBRE|WTW is a commercial real estate service and investment firm where it provides comprehensive real estate solutions to clients across various industries and sectors.

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 by and the discussion process with them was not an easy one, proving that they have always seek the highest standards of all aspects to fulfil their buyer’s expectations. We, at CBRE | WTW, are committed to deliver the best advice and provide superior quality services to the client and owners of CORE Residence @ TRX.” - Biz Digest