First housing project at TRX to be completed by end-2023

Core Residence @ TRX has 3 towers and will be handed over to buyers in 1Q24, says developer

by ASILA JALIL/ pic by ARIF KARTONO

CORE Precious Development Sdn Bhd yesterday launched the first residential project at the Tun Razak Exchange (TRX), the Core Residence @ TRX.

The project features 700 units ranging from 624 sq ft (58 sq m) for the Smart Suite to 1,022 sq ft for the Comfort Suite, priced at RM2,200 per sq ft.

Located in Malaysia’s first international financial district, it is a high-end freehold property worth a gross development value of RM1.4 billion and is developed on a 1.65-acre (0.67ha) land.

Core Precious Development chairman and MD Zhang Bao said the units are open to customers from all around the world.

The 50-storey building project has three towers and will be completed by the end of 2023. It will be handed over to buyers in the first quarter of 2024 (1Q24), said 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),” he said at the press conference after launching the project in KL yesterday.

Core Precious Development is a joint-venture company between China Communications Construction Group Ltd (CCCG) and WCT Holdings Bhd.

Also present at the event were TRX City Sdn Bhd COO Tan Hwa Min, WCT deputy MD Goh Chin Liang and CCCG Real Estate Corp Ltd group VP and CCCG Overseas Real Estate Pte Ltd chairman Sui Zhenhai.

Sui said a thorough research was done before the company decided to invest into the Malaysian market for the project.

“After a deep study and consideration, including on the political scene in the country, we feel comfortable to set our roots here in Malaysia.

“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.

Besides the Smart and Comfort Suites, the project also has the Flexi Suite, which is 688 sq ft, Premium Suite (817 sq ft), Signature Suite (839 sq ft), Elite Suite (925 sq ft) and City Suite (1,011 sq ft).

CCCG, which owns 80% of Core Precious Development, is Asia’s largest international contractor and is ranked No 1 among listed enterprises in Asia for 10 consecutive years.