Core Precious Development, the joint venture entity between WCT Holdings Bhd and China Communications Construction Group Ltd (CCCG), have launched the first residential project at the Tun Razak Exchange (TRX).
Core Residence will be located within Malaysia’s first international financial district, and carry a Gross Development Value (GDV) of RM1.4 billion. The project will be built over 1.65 acres of land.
There will be 3 towers to this development, all at 50 storeys tall, with a total of 700 units. The homes will range between 624 sf (Smart Suite) and 1,022 sf (Comfort Suite) in size. Aside from that, there will also be units sized at 1,011 sf (City Suite), 925 sf (Elite Suite), 839 sf (Signature Suite), 817 sf (Premium Suite) and a Flexi Suite.
All the units will be priced from RM2,200 per sf.
Core Residence is slated for completion by the end of 2023, and is scheduled to be turned over to their owners in the first quarter of 2024.
Said Zhang Bao, the Chairman and Managing Director of Core Precious Development, the homes at Core Residence are opened for sale internationally.
According to Zhang, “Core Residence @ TRX 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 (KL).”
Sui Zhenhai, Chairman of CCCG Overseas Real Estate Pte Ltd, further added that extensive market research was conducted before the team decided to invest in the Malaysian market.
“Malaysia is also an important country as it is part of the Belt and Road Initiative by the Chinese government and is currently the country with the largest number of CCCG branches, which indicates that it is an important and strategic nation for CCCG and CCCG Overseas Real Estate,” he said.
(10 December 2019)
