China’s CCCG and WCT to launch RM1.4b residential project at TRX

  • Construction
  • Thursday, 21 Nov 2019

The TRX: An artist impression of the Tun Razak Exchange.

KUALA LUMPUR: China Communications and Construction Group (CCCG) and WCT Holdings Bhd will jointly launch the first residential project at the Tun Razak Exchange (TRX) with a gross development value (GDV) of RM1.4bil.

The joint-venture company – Core Precious Development Sdn Bhd – said in a statement yesterday that Core Residence @ TRX is a high-end freehold property developed on 1.65 acres in the Kuala Lumpur International Financial District.

It said the development featuring three blocks of serviced residences was scheduled to be completed early 2024.

Core Residence is well-positioned to be the frontier of global living for professionals and financial practitioners who will live and work in the KL business district.Core Precious, which is 80% owned by CCCG and 20% by WCT, will hold a launch ceremony at Menara Khuan Choo on Nov 25.

Core Precious chairman and managing director Zhang Bao said: “CCCG is a global leader in many industries including real estate, covering a project development area of almost 30-million square metres all across the world.”

He added that it was the company’s objective to make Core Residence @ TRX the benchmark for modern and sustainable urban living in Kuala Lumpur.

TRX is an integrated 70-acre development that will be KL’s new CBD and Malaysia’s International Financial District.

The master developer, TRX City Sdn Bhd, is wholly owned by the Finance Ministry.

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