NEWS

By Rachel Chew September 02, 2022

KUALA LUMPUR (Sept 2): Core Precious Development Sdn Bhd is confident of achieving a 100% sales rate for Tower 1 and Tower 2 of its Core Residence @ Tun Razak Exchange (TRX) development in Kuala Lumpur before the project handover by end-2023.

By Sharen Kaur June 28, 2022

TRX City Sdn Bhd, the master developer of the Tun Razak Exchange (TRX), the new international financial district in Kuala Lumpur has spent roughly RM3 billion on the infrastructure, according to a statement. This includes the construction of new roads, upgrades to existing roads, and pedestrian links leading into and out of the development. The infrastructure for this 70-acre master-planned development, which will include 30 buildings with a combined gross floor area of 24 million square feet (sq ft), is currently 99 per cent complete.

By The Borneo Post 09 May, 2022

KUCHING: Property companies from China are looking to make Malaysia their hub to enter the Southeast Asian market, with examples such as CCCG Overseas Real Estate Pte Ltd (CCCG), which made Kuala Lumpur the location of CCCG's first property development in Southeast-Asia, namely CORE Residence at TRX. According to its director Zhang Bao, the group's focus in Southeast Asia will be on the high-end residential market. targeting investing community Kuala Lumpur will be our hub for Southeast-Asia, given its strategic location, connectivity, conducive business environment for investors and established infrastructure. he said CCCG is a Fortune 500 company. The company is ranked 61st in the world with a revenue of US$106.8 billion. The group and its partner WCT Holdings Berhad, through joint-venture (JV) company CORE Precious Development Sdn Bhd. are developing CORE Residence at TRX which is a high-end freehold project at Tun Razak Exchange. The JV is under CCCG Oversea Real Estate Pte Ltd.

CORE Residence at TRX -is a high-end freehold property developed on a 1.65-acre land in the Kuala Lumpur International Financial District. It features three blocks of serviced residences, with 700 units, As the first residential project in TRX, this development 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 To note, CORE Residence at TRX has a gross development value of RM1.4 billion. Zhang, who is also the chairman and managing director of Core Precious Development Sdn Bhd, said the great response for CORE Residence at TRX, despite the global economic slowdown, shows Kuala Lumpur's attractiveness as a property market - boosted by its prime location and improving market condition.

We have a management system that is linked back to our HQ in China, which helps us to manage our business overseas efficiently. We will train our talents from Kuala Lumpur and extend their responsibilities into the Southeast-Asian market. Given our extensive exposure, we provide global opportunities for our workforce. The integration within the group is very high, enabling an employee to explore and gain experience in different departments through job transfers or rotations. With our fast-pace growth in project development, we are always in need of quality. Zhang tells The Borneo Post that they wish to duplicate their success in Kuala Lumpur to other Southeast-Asian cities. We will fine-tune our policies in different nations, he explained. We must ensure that our mechanism works in the markets we are in as many hiccups will delay our projects and affect investors’ return. At the initial stage, we will focus on residential, then only consider to expand into commercial developments like malls and hotels When asked if CCCG plans to expand its business into Sabah and Sarawak soon, Zhang said it was under consideration In the future CCCG will consider expanding into Sabah and Sarawak. We will consider joint-venture arrangements with landowners, if opportunities arise he added.

About 30 per cent of Malaysian buyers for CORE Residence project are from Sabah, Sarawak

In East Malaysia, it is more build suitable to build resorts or serviced apartments that can be rented out after the purchase by buyers, as places like Kota Kinabalu is a great tourist attraction. The typical property development for own stay may not be viable for such a market. He noted that about 30 per cent of local Malaysian buyers for its TRX project are from Sabah and Sarawak. The property projects in KL provide a better price appreciation and exit opportunity as compared to properties in other states or cities in Malaysia, given the high market supply and transaction volume. The liquidity in the KL property market is also high. Since the pandemic, CCCG has taken immediate measures to transform digitally and has created an end-to-end virtual purchasing process for its international buyers. For example, a buyer from Hong Kong can purchase a unit in CORE Residence without setting foot in KL.

The virtual purchasing platform includes high-quality visuals, virtual reality technology and live streams with agents. Customers quickly embraced the efficiency and convenience of shopping for a new home online, through this platform. Although the impact of the pandemic was unavoidable, we still managed to generate significant sales, thanks to the swift action of our team in shifting the bulk of our operations digitally. Interest in our project remained resilient due to its prime location in the international financial district of Malaysia and attractive price per square feet. This provides the confidence and room for customers to enjoy some price appreciation post-pandemic. Since March 2022. CCCG has invited foreign clients to Malaysia for a visit. CCCG will invite prospective clients or clients who have bought a unit virtually to visit the units physically to give them confidence on the development. With residential units being big-ticket items, some buyers still prefer to visit the show units and explore the location on site.

By KLe-Screener 21 Jan, 2022

KUALA LUMPUR (Dec 21): China Communications Construction Group (CCCG) said the worst is most likely over for the high-end property segment and that a gradual return to normality is expected once the borders are reopened in 2022.Director of CCCG Overseas Real Estate Pte Ltd Zhang Bao said mega infrastructure rollouts, reactivation of the Malaysia My Second Home (MM2H) programme and reopening of borders have generated excitement in the property market.However, it will take some time to reach pre-pandemic levels of activity, he said in a statement on Tuesday (Dec 21).Our online engagements with potential buyers from countries and regions such as Hong Kong, China and Singapore are ongoing and they have expressed their desire to fly into Kuala Lumpur to examine our project once they are allowed to,” he added.On the company's development, he said its CORE Residence @ TRX (Tun Razak Exchange) project still managed to generate significant sales, thanks to the swift action of its team in shifting the bulk of the operations digitally.‘’Interest in our project remained resilient due to its prime location in the international financial district of the country and attractive price per square feet. This provides the confidence and room for customers to enjoy some price appreciation post-pandemic,” he said.CORE Residence @ TRX is a high-end freehold project worth RM1.4 billion in gross development value (GDV) developed by CCCG and its partner WCT Holdings Bhd, through a joint-venture company, CORE Precious Development Sdn Bhd.Zhang said due to the pandemic, customers are quickly realising the importance of owning a house.The Covid-19 outbreak has also shifted their preference towards living spaces that allow them to live, relax and work in comfort.“The property industry has observed a burst of recovery in market activity and transaction price when the movement control order was lifted.‘’Potential local buyers and investors who have solid financial footing and an appetite for higher-priced properties may be enticed to purchase our products now to take advantage of the stamp duty exemption as well as the current low interest-rate environment,” he noted.The Fortune 500 company said the CORE Residence @ TRX project is on track for its expected completion in 2023. CCCG is ranked 61st in the world with a revenue of US$106.8 billion. - KLe-Screener

By DagangNews 21 Jan, 2022

KUALA LUMPUR 21 Dis - China Communications Construction Group (CCCG) yakin segmen hartanah mewah di negara ini akan kembali pulih sebaik sahaja sempadan Malaysia dibuka semula pada 2022. Pengarah CCCG Overseas Real Estate Pte Ltd. Zhang Bao berkata, gabungan pelancaran infrastruktur mewah, pengaktifan semula program Program Malaysia Rumah Keduaku (MM2H) dan pembukaan semula sempadan negara pada 2022 dijangka meningkatkan keyakinan terhadap pasaran hartanah pada 2022.

By BusinessToday 21 Jan, 2022

China-based China Communications Construction Group (CCCG) said the worst is most likely over for the high-end property segment and that a gradual return to normality is expected once the borders are reopened in 2022. CCCG is a Fortune 500 company. The company is ranked 61st in the world with a revenue of US$106.8 billion.

By ShareAndStocks 21 Jan, 2022

KUALA LUMPUR (Dec 21): China Communications Construction Group (CCCG) said the worst is most likely over for the high-end property segment and that a gradual return to normality is expected once the borders are reopened in 2022.Director of CCCG Overseas Real Estate Pte Ltd Zhang Bao said mega infrastructure rollouts, reactivation of the Malaysia My Second Home (MM2H) programme and reopening of borders have generated excitement in the property market.However, it will take some time to reach pre-pandemic levels of activity, he said in a statement on Tuesday (Dec 21).Our online engagements with potential buyers from countries and regions such as Hong Kong, China and Singapore are ongoing and they have expressed their desire to fly into Kuala Lumpur to examine our project once they are allowed to,” he added.On the company's development, he said its CORE Residence @ TRX (Tun Razak Exchange) project still managed to generate significant sales, thanks to the swift action of its team in shifting the bulk of the operations digitally.‘’Interest in our project remained resilient due to its prime location in the international financial district of the country and attractive price per square feet. This provides the confidence and room for customers to enjoy some price appreciation post-pandemic,” he said.CORE Residence @ TRX is a high-end freehold project worth RM1.4 billion in gross development value (GDV) developed by CCCG and its partner WCT Holdings Bhd, through a joint-venture company, CORE Precious Development Sdn Bhd.Zhang said due to the pandemic, customers are quickly realising the importance of owning a house.The Covid-19 outbreak has also shifted their preference towards living spaces that allow them to live, relax and work in comfort.“The property industry has observed a burst of recovery in market activity and transaction price when the movement control order was lifted.‘’Potential local buyers and investors who have solid financial footing and an appetite for higher-priced properties may be enticed to purchase our products now to take advantage of the stamp duty exemption as well as the current low interest-rate environment,” he noted.The Fortune 500 company said the CORE Residence @ TRX project is on track for its expected completion in 2023. CCCG is ranked 61st in the world with a revenue of US$106.8 billion. - ShareAndStocks

By BeritaHarian 21 Jan, 2022

KUALA LUMPUR: China Communications Construction Group (CCCG), syarikat pembinaan yang berpangkalan di China, merancang menjadikan Kuala Lumpur sebagai hab pasaran Asia Tenggaranya. Pengarah CCCG Overseas Real Estate Pte Ltd, Zhang Bao, berkata usaha sama untuk projek pembangunan hartanah baharu akan dicari di Malaysia, terutamanya di lokasi utama di sekitar kawasan ibu kota.

By EdgeProp 21 Jan, 2022

KUALA LUMPUR (Dec 21): China Communications Construction Group (CCCG) said the worst is most likely over for the high-end property segment and that a gradual return to normality is expected once the borders are reopened in 2022.

By TheEdgeMarkets 21 Jan, 2022

KUALA LUMPUR (Dec 21): China Communications Construction Group (CCCG) said the worst is most likely over for the high-end property segment and that a gradual return to normality is expected once the borders are reopened in 2022.

By NST 21 Jan, 2022

KUALA LUMPUR: The worst is most likely over for the high-end property segment, and that a gradual return to normality is expected once the borders are reopened in 2022. China-based China Communications Construction Group Ltd (CCCG) Overseas Real Estate Pte Ltd director Zhang Bao said the combination of mega infrastructure rollouts, reactivation of Malaysia My Second Home (MM2H) programme and reopening of borders in 2022 had generated excitement in the property market.

By DagangNews 05 Oct, 2021

KUALA LUMPUR 5 Okt. - CORE Precious Development Sdn Bhd (Core Precious) mengumumkan 70% daripada Menara 1 dan 2 projek pembangunan hartanah pegangan bebas mewah, CORE Residence @ TRX telah terjual.Pengarah CCCG Overseas Real Estate Pte Ltd Zhang Bao berkata, disebalik kesan pandemi k yang berlanjutan dan kawalan pergerakan di seluruh negara, syarikat terus berjaya mencatatkan jumlah jualan memberangsangkan hasil daripada usaha pemasaran digital yang agresif seperti menerusi ejen penstriman secara langsung, lawatan rumah secara maya serta kempen media sosial kreatif yang dijalankan.Unit kediaman di CORE Residence @ TRX telah dilanggan terutamanya oleh pelanggan dari lebih 20 buah negara.Kelebihan daya saing projek yang unik susulan lokasinya yang strategik, harga yang berpatutan berbanding dengan negara lain serta jaminan peningkatan harga pada masa hadapan, adalah antara sebab mengapa ia menjadi pilihan utama dalam kalangan ekspatriat, katanya dalam kenyataan di sini hari ini.Kelebihan daya saing projek yang unik susulan lokasinya yang berpusat, harga yang berpatutan berbanding dengan negara lain serta jaminan peningkatan harga pada masa hadapan, adalah beberapa sebab mengapa projek ini menjadi pilihan utama dalam kalangan ekspatriat.Tambah Zhang Bao, pihaknya yakin dapat mencapai 100% kadar ambilan untuk CORE Residence @ TRX sebelum projek itu dijangka siap pada 2023. Ini kerana katanya masih terdapat permintaan yang tinggi untuk hartanah kediaman mewah di kuala lumpur. Kadar harga per kaki persegi di kuala Lumpur yang sangat berpatutan, aksesibiliti mantap dengan perkhidmatan pengangkutan bersepadu dan kualiti hidup yang tinggi menjadikannya destinasi ekspatriat atau persaraan pilihan bagi pembeli luar, katanya. CORE Residence @ TRX merupakan projek hartanah mewah yang dibangunkan di tanah seluas 1.65 ekar di Dearah Kewangan Antarabangsa Kuala Lumpur. Ia mempunyai tiga blok kediaman berservis, dengan nilai pembangunan kasar (GDV) sebanyak RM1.4 bilion. - DagangNews.com

By MalaysiaGazette 05 Oct, 2021

KUALA LUMPUR – CORE Precious Development Sdn Bhd. (CORE Precious) merancang untuk melancarkan Tower 3 dengan rakan pengurusan hotel antarabangsa tidak lama selepas projek CORE Residence @ TRX mencapai langganan 70% untuk Tower 1 dan Tower 2.

By Kosmo 05 Oct, 2021

PETALING JAYA – Projek pembangunan hartanah mewah milik CORE Precious Development Sdn. Bhd. (CORE Precious) iaitu, CORE Residence @ TRX telah mencapai kadar langganan 70 peratus untuk Tower 1 dan 2.

By ChinaPress 05 Oct, 2021

(吉隆坡5日讯)WCT工程(WCT,9679,主要板建筑)与中国交通建设集团(CCCG)的联营公司CORE Precious Development私人有限公司宣布,旗下高端永久地契发展项目中央公馆@TRX的塔一和塔二的服务式公寓认购率高达70%。 CORE Precious Development发布文告指出,尽管受到疫情和行动管制令的影响,但公司通过数码营销的方法,包括代理直播、虚拟房屋参观和具创意的社交媒体推广活动等,让过去几个月的销售取得突破性成绩。

By TheSunDaily 05 Oct, 2021

PETALING JAYA: Core Precious Development Sdn Bhd’s freehold property development, Core Residence @ TRX, has reached a 70% take-up rate for Tower 1 and Tower 2 attributed to its digital marketing efforts despite the ongoing Covid-19 pandemic and the ensuing lockdowns.In the near future, Core Precious, a joint venture between China Communications Construction Group (CCCG) and WCT Group Bhd, aims to launch the project’s Tower 3 with an international hotel management partner.CCCG Overseas Real Estate Pte Ltd director Zhang Bao (pix) opined that there is still strong demand for high-end residential properties in Kuala Lumpur due to the relatively affordable price, great accessibility and high standard of living makes it a top expat or retirement destination for Asian buyers overseas.“We are confident of achieving a 100% take-up rate for Core Residence @ TRX before its expected completion date in 2023,” he said in a statement.For the next phase, Zhang said it is in the final stages of negotiations with its hotel management partner and it plans to launch Tower 3 soon contingent on the pandemic situation in the country. “In the near future, Core Precious is also looking to develop more prominent projects in other prime locations in the Kuala Lumpur area and nationwide.” - The Sun Daily

By EdgeProp 05 Oct, 2021

KUALA LUMPUR (Oct 5): CORE Residence @ TRX has achieved a 70% take-up rate for Tower 1 and Tower 2, with units being taken up by customers from more than 20 Asian countries.

By BeritaHarian 05 Oct, 2021

KUALA LUMPUR: Pembangunan hartanah pegangan bebas mewah, CORE Residence @ TRX yang dimajukan oleh CORE Precious Development Sdn Bhd mencapai kadar langganan 70 peratus untuk Menara 1 dan 2. Dalam pada itu, pemaju menyasar untuk melancarkan Menara 3 dengan rakan pengurusan hotel antarabangsa tidak lama lagi. CORE Precious Development adalah syarikat usaha sama antara firma Fortune Global 500, China Communications Construction Group (CCCG) dengan peneraju kejuruteraan pembinaan dan pemaju hartanah tempatan, WCT Holdings Bhd. Syarikat itu dalam satu kenyataan berkata, walaupun terdapat kesan pandemik berlanjutan dan beberapa sekatan di seluruh negara, namun jumlah jualan besar diraih dalam tempoh beberapa bulan terakhir berikutan usaha pemasaran digital yang agresif seperti ejen penstriman secara langsung, lawatan rumah secara maya serta kempen media sosial yang kreatif. Katanya, unit kediaman di CORE Residence @ TRX dilanggan terutama oleh pelanggan dari 20 lebih negara dan rantau Asia. Menurut testimoni pelanggan, kelebihan daya saing projek yang unik susulan lokasinya yang berpusat, harga berpatutan berbanding dengan negara lain serta jaminan peningkatan harga pada masa depan, adalah antara sebab ia menjadi pilihan utama dalam kalangan ekspatriat, katanya. Pengarah CCCG Overseas Real Estate Pte Ltd, Zhang Bao, berkata masih ada permintaan yang tinggi untuk hartanah kediaman mewah di Kuala Lumpur, kerana harga sekaki persegi di ibu kota yang sangat berpatutan, akses mantap dengan perkhidmatan pengangkutan bersepadu dan kualiti hidup yang tinggi, menjadikannya destinasi ekspatriat atau persaraan bagi pembeli Asia di luar negara. Kami yakin dapat mencapai kadar langganan 100 peratus untuk CORE Residence @ TRX sebelum tarikh siap yang dijangka pada tahun 2023. Projek ini, yang terdiri daripada dua menara kediaman berservis dan satu menara pangsapuri berservis, sudah mencapai tingkat 12 dalam pembinaan dan syarikat bergerak maju ke fasa projek seterusnya dengan lancar. Kami berada di tahap akhir rundingan dengan rakan pengurusan hotel antarabangsa dan bercadang untuk melancarkan Menara 3 dengan segera, bergantung kepada keadaan penularan pandemik di negara ini, katanya dalam kenyataan sama. Beliau menambah, CORE Precious juga ingin mengembangkan projek yang lebih menonjol di lokasi utama lain Kuala Lumpur dan seluruh negara. - Berita Harian

By TheEdgeMarkets 05 Oct, 2021

Zhang: We are in the final stages of negotiation with our international hotel management partner, and we plan to launch Tower 3 very soon, depending on the condition of the pandemic in the country.

By NST 05 Oct, 2021

CCCG Overseas Real Estate Pte Ltd director Zhang Bao said there is still strong demand for high-end residential properties in Kuala Lumpur, as the capital's relatively affordable price per square feet.

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