Core Residence @ TRX – a freehold property development project by Core Precious Development Sdn Bhd – achieved 70% take-up rate for Towers 1 and 2, despite the lockdowns brought about by the ongoing COVID-19 pandemic.
A joint venture between WCT Group Bhd and China Communications Construction Group (CCCG), Core Precious attributed the healthy interest for the development to their digital marketing efforts, reported The Sun Daily.
The company shared that it plans to launch Tower 3 of the development with an international hotel management partner.
Zhang Bao, Director of CCCG Overseas Real Estate Pte Ltd, believes there is still strong demand for high-end housing projects in Kuala Lumpur due to the great accessibility, relatively affordable price and high standard of living.
This makes Kuala Lumpur a top retirement or expatriate destination for Asian buyers overseas.
“We are confident of achieving a 100% take-up rate for Core Residence @ TRX before its expected completion date in 2023,” he said as quoted by The Sun Daily.
Zhang revealed that the company is in the final stages of negotiations with its hotel management partner for Tower 3, which it plans to launch soon depending on the country’s COVID-19 situation.
“In the near future, Core Precious is also looking to develop more prominent projects in other prime locations in the Kuala Lumpur area and nationwide,” he said.