Installing DotNetCore.1.0.5_1.1.2-WindowsHosting fails on Windows Server 2012

I'm installed the DotNetCore.1.0.5_1.1.2-WindowsHosting on Windows Server 2012 on a VM, but it keeps failing with:

0x80072f0d - Unspecified error.

I'm logging on to the server as admin, using the regular remote desktop. When I deploy and ASP.NET MVC Core test app on an IIS on a local desktop (windows 10) it works fine. But on Win Server 2012 R2, it gives us the error: HTTP Error 502.5 - Process Failure. We've configured IIS on Win Server 2012 following this ASP.NET article.

Although the installation of Core Bundle fails, when I go to the Installed Programs window, I can see the program is in the list of installed program as shown below.

But there are several errors in the above exe's installation log file - following is a summary of such errors:

[1524:1108][2017-09-27T23:45:31]e000: Error 0x80072f0d: Process returned error: 0x2f0d
[1524:1108][2017-09-27T23:45:31]e000: Error 0x80072f0d: Failed to execute EXE package.
[13B4:0F80][2017-09-27T23:45:31]e000: Error 0x80072f0d: Failed to configure per-machine EXE package.
[13B4:0F80][2017-09-27T23:45:31]e000: Error 0x80072f0d: Failed to execute EXE package.