Towers 1 and 2 of Core Residence @ TRX achieve 70% take-up rate

Towers 1 and 2 of Core Residence @ TRX achieve 70% take-up rate

TheEdgeMarkets | 05 Oct, 2021

PETALING JAYA (Oct 5): Core Previous Development Sdn Bhd announced that its freehold property development Core Residence @ TRX in Kuala Lumpur had achieved a 70% take-up rate for Towers 1 and 2 in a press statement on Tuesday.

The developer, which is a joint venture between China Communications Construction Group (CCCG) and WCT Holdings Bhd, added that Tower 3 will be launched soon with an international hotel operator. 

CCCG Overseas Real Estate Pte Ltd director Zhang Bao said the company is confident of achieving a 100% take-up rate for Core Residence @ TRX before its expected completion in 2023. “There is still strong demand for high-end residential properties in Kuala Lumpur as the capital’s relatively affordable price psf (per square foot), great accessibility with integrated transport services and high standard of living makes it a top expat or retirement destination for Asian buyers overseas.”

According to the developer, units at Core Residence @ TRX were mainly taken up by customers from over 20 key Asian countries and regions, and that a significant amount of sales were generated in the past few months due to its aggressive digital marketing efforts. 

Construction of the project had reached Level 12, it added. “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,” said Zhang.

Sitting on a 1.65-acre (about 0.67ha) parcel at the intersection of Jalan Bukit Bintang and Jalan Tun Razak, the RM1.4 billion Core Residence @ TRX comprises three blocks of serviced residences targeting professionals and financial practitioners who will live and work in the business district of Kuala Lumpur.

The development will have access to an MRT station, MRT Interchange, as well the MEX Highway and Smart Tunnel.

“In the near future, Core Previous is also looking to develop more prominent projects in other prime locations in Kuala Lumpur and nationwide. We are on the lookout for opportunities and will update our stakeholders appropriately when the time comes,” said Zhang. - The Edge Markets