CORE Residence @ TRX achieves 70% take-up rate

CORE Residence @ TRX achieves 70% take-up rate

Edge Prop , 5th October 2021

CORE Residence @ TRX has achieved a 70% take-up rate for Tower 1 and Tower 2, with units being taken up by customers from more than 20 Asian countries.

The freehold CORE Residence @ TRX development comprises two serviced residence towers and one service apartment tower. The project is developed by CORE Precious Development Sdn Bhd, a joint venture between China Communications Construction Group (CCCG) and WCT Holdings Bhd.

In a media statement today, the company also announced that the tower 3 of CORE Residence @ TRX will be launched soon in collaboration with an international hotel management partner.

“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 Bao, director of CCCG Overseas Real Estate Pre Ltd.

“Despite the ongoing pandemic and several nationwide lockdowns, a significant amount of sales have been generated in the past few months, thanks to its aggressive digital marketing efforts such as agent live streams, virtual house tours and creative social media campaigns,” said CORE Precious Development.

Zhang said the company is confident that the project will reach 100% take-up rate before its completion in 2023 as the demand for high-end residential properties in Kuala Lumpur is still strong.

“There is still strong demand for high-end residential properties in Kuala Lumpur, as the capital’s relatively affordable price per square feet, great accessibility with integrated transport services and high standard of living makes it a top expat or retirement destination for Asian buyers overseas,” he added.