News & Articles 80 pct of CORE Residence @ TRX sold to international investors, including Malaysians
80 pct of CORE Residence @ TRX sold to international investors, including Malaysians
28 Mar 2023
The topping-out of CORE Residence @ TRX cements the project's standing as a vital milestone in convincing international investors to purchase a property here, said the chief of CORE Precious Development Sdn Bhd.
Its chairman and managing director Zhang Ba said the topping-out is also a key milestone for the company, because it successfully navigated the Covid-19 hurdles, continued construction, and got a solid take-up for the units.
CORE Residence @ TRX is the first residential project in Tun Razak Exchange's (TRX) financial area, located at Jalan Kampung Pandan/Jalan Tun Razak in Kuala Lumpur.
The topping-out ceremony, with the placement of the final beam of the superstructure was held on Mac 26. The construction is currently 70 per cent completed.
The 1.65-acre freehold project contains three serviced apartment towers with 700 residential units and a gross development value of RM1.4 billion.
The project's first two buildings, Tower 1 and Tower 2 were launched in December 2019 and they offer a total of 580 units. Unit sizes range from 624 to 1,022 square feet, with prices starting at RM1.5 million.
Bao said the two towers have sold 80 per cent of their units thus far.
"We only have a few hundred units left for this development, we are confident of achieving 100 per cent take up rate by the end of this year," he said.
He said the project has drawn purchasers from more than 20 countries, including China, Singapore, South Korea, Japan, and Malaysia.
CORE Precious is a joint venture between China Communications Construction Group and WCT Holdings Berhad.
Its chairman and managing director Zhang Ba said the topping-out is also a key milestone for the company, because it successfully navigated the Covid-19 hurdles, continued construction, and got a solid take-up for the units.
CORE Residence @ TRX is the first residential project in Tun Razak Exchange's (TRX) financial area, located at Jalan Kampung Pandan/Jalan Tun Razak in Kuala Lumpur.
The topping-out ceremony, with the placement of the final beam of the superstructure was held on Mac 26. The construction is currently 70 per cent completed.
The 1.65-acre freehold project contains three serviced apartment towers with 700 residential units and a gross development value of RM1.4 billion.
The project's first two buildings, Tower 1 and Tower 2 were launched in December 2019 and they offer a total of 580 units. Unit sizes range from 624 to 1,022 square feet, with prices starting at RM1.5 million.
Bao said the two towers have sold 80 per cent of their units thus far.
"We only have a few hundred units left for this development, we are confident of achieving 100 per cent take up rate by the end of this year," he said.
He said the project has drawn purchasers from more than 20 countries, including China, Singapore, South Korea, Japan, and Malaysia.
CORE Precious is a joint venture between China Communications Construction Group and WCT Holdings Berhad.
Source: NST.com.my
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