Core Precious Development targets 100% take-up of Core Residence @ TRX Towers 1 and 2 by end-2023

Core Precious Development targets 100% take-up of Core Residence @ TRX Towers 1 and 2 by end-2023

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.

This was announced in a press statement following the company's first overseas roadshow in Singapore. The event, which was held at the Sands Expo and Convention Centre last Saturday (Aug 27), attracted over 120 guests.

Located at the upcoming TRX financial district, Core Residence @ TRX is a luxury residential development by Core Precious Development Sdn Bhd — a joint venture between China Communications Construction Group (CCCG) and WCT Holdings Bhd.

The project, which has a gross development value of RM1.4 billion, comprises three serviced apartment towers in total and is also the first residential development at TRX.

The first two towers, or Tower 1 and Tower 2, of Core Residence @ TRX were launched in December 2019 and consist of 580 units in total, of which almost 80% have been taken up. Unit built-ups range from 624 to 1,022 sq ft, and selling prices start from RM1.5 million.

The third tower will be unveiled at a later stage.

According to Core Precious Development chairman and managing director Zhang Bao, the company will continue to hold more overseas events. "Witnessing the favourable response, Core Precious will continue to do more overseas sharing events for Core Residence @ TRX moving forward. As evidence, we have foreign buyers from over 20 countries and regions around the world. With that, we are aiming to achieve a 100% take-up rate before its handover by the end of 2023,” he said in the statement.

"Based on the response that we have achieved during the events, Kuala Lumpur continues to be an attractive property market for foreign buyers for its affordability in terms of price per square feet, its strategic location and accessibility with integrated transport services. With that, Core Residence located in the Tun Razak Exchange financial district entices prospective buyers as it offers attractive property qualities," he added.

Edited By Chai Yee Hoong

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