Giving the thumbs up after the official ceremony are (from left) Chen, Chuah, Zhang, Tan, Sun, Azmar, Zhang Min and Ni.

KUALA LUMPUR: Core Precious Development Sdn Bhd (CORE Precious) reached a major milestone in the construction of its 70%-completed Core Residence which has a gross development value of RM1.4bil. 

As the first residential project in the financial district of Tun Razak Exchange (TRX), the serviced residence will set the curve for a high-end premium lifestyle within the vicinity. The developer CORE Precious is a joint venture between China Communications Construction Group (CCCG) and WCT Holdings Bhd 

CORE Precious chairman and managing director Zhang Bao said: “This is a significant milestone for us as we successfully navigated through the Covid-19 challenges, continued the construction of Core Residence and still achieved a strong take-up for our units.

“Today’s occasion further cement Core Residence @ TRX’s position as a strategic landmark in attracting international investors to purchase a property here.” 

He said the development has a take-up rate of 80%, attracting customers from more than 20 countries with its buyers coming from key Asian countries such as China, Singapore, South Korea, Japan and Malaysia.  

Spanning across 1.65 acres of freehold land, the luxury residence comprises two serviced residence towers with 580 units and one serviced apartment tower. Offering seven different layouts, the unit built-up ranges from 624 sq ft to 1,022 sq ft. 

Real estate service and investment firm CBRE|WTW will be the property manager of Core Residence. The firm’s group managing director Tan Ka Leong said: “We are grateful to be able to work together with a forward-thinking partner like CCCG. The selection of the property manager and the discussion process with them was not an easy one, proving that they have always sought the highest standards of all aspects to fulfil their buyer's expectations.”

Also present at the event were Cheras Member of Parliament Tan Kok Wai, TRX City chief executive officer Datuk Azmar Talib, Pavilion International corporate affairs director Datuk Andy Chuah, China Harbour Southern Pacific Division deputy managing director Chen Wei, CCCH assistant general manager Sun Liqiang, Bank of China Malaysia chief executive officer Zhang Min and China Communications Construction Company (M) Sdn Bhd managing director Ni Qingjiu.

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