Malaysia’s new tallest building to supersede Twin Towers next year

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The days of Kuala Lumpur’s iconic landmark, the Petronas Twin Towers, as Malaysia’s tallest building are numbered. In the second half of next year, the completion of The Exchange 106 is expected, described by its architect and developer Mulia Group “one of the world’s most luxurious and efficient office skyscrapers.”

The Exchange 106 is the centerpiece of the Tun Razak Exchange, a new financial district in the heart of Kuala Lumpur and a brainchild of current Prime Minister Najib Razak. The Exchange 106, just around two kilometers southeast of the Petronas Twin Towers, will reach 492 meters over 106 floors when finished, which makes it about 40 meter taller than the Petronas Twin Towers, the tallest skyscraper structure in the world between 1998 and 2004 (when it was surpassed by the Taipei 101 which is still 17 meter taller that The Exchange 106).

By that measure, this will make The Exchange 106 the ten-tallest skyscraper in the world when finished, on par with the Shanghai World Financial Center. It will be Malaysia’s tallest tower until the completion of the Merdeka PNB 118, which is expected for around 2020. This super-tall tower will have a whopping height of 630 meters.

Construction of The Exchange 106 began in April 2016, and the completion date has now been set for the second quarter of 2018. The building has three million square feet of lettable area and column-free office floors of up to 34,000 square feet each. Tenants can move in by the third quarter of 2018, the developer said.

While the tower is expected to attract a sizeable number of tenants, including multinationals, owing to its modern facilities and strategic location at the southern gateway to the capital with good transport links, analysts also warn that its will add to a general oversupply of office space in the capital.

In a recent report, rating agency Moody’s predicted that vacancy rates for commercial offices in Malaysia could rise to 32 per cent by 2021 from 24 per cent in the first quarter of this year, due to large development projects such as the Tun Razak Exchange and Bukit Bintang City Center in Kuala Lumpur adding lots of supply to the market.

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Reading Time: 2 minutes

The days of Kuala Lumpur’s iconic landmark, the Petronas Twin Towers, as Malaysia’s tallest building are numbered. In the second half of next year, the completion of The Exchange 106 is expected, described by its architect and developer Mulia Group “one of the world’s most luxurious and efficient office skyscrapers.”

Reading Time: 2 minutes

The days of Kuala Lumpur’s iconic landmark, the Petronas Twin Towers, as Malaysia’s tallest building are numbered. In the second half of next year, the completion of The Exchange 106 is expected, described by its architect and developer Mulia Group “one of the world’s most luxurious and efficient office skyscrapers.”

The Exchange 106 is the centerpiece of the Tun Razak Exchange, a new financial district in the heart of Kuala Lumpur and a brainchild of current Prime Minister Najib Razak. The Exchange 106, just around two kilometers southeast of the Petronas Twin Towers, will reach 492 meters over 106 floors when finished, which makes it about 40 meter taller than the Petronas Twin Towers, the tallest skyscraper structure in the world between 1998 and 2004 (when it was surpassed by the Taipei 101 which is still 17 meter taller that The Exchange 106).

By that measure, this will make The Exchange 106 the ten-tallest skyscraper in the world when finished, on par with the Shanghai World Financial Center. It will be Malaysia’s tallest tower until the completion of the Merdeka PNB 118, which is expected for around 2020. This super-tall tower will have a whopping height of 630 meters.

Construction of The Exchange 106 began in April 2016, and the completion date has now been set for the second quarter of 2018. The building has three million square feet of lettable area and column-free office floors of up to 34,000 square feet each. Tenants can move in by the third quarter of 2018, the developer said.

While the tower is expected to attract a sizeable number of tenants, including multinationals, owing to its modern facilities and strategic location at the southern gateway to the capital with good transport links, analysts also warn that its will add to a general oversupply of office space in the capital.

In a recent report, rating agency Moody’s predicted that vacancy rates for commercial offices in Malaysia could rise to 32 per cent by 2021 from 24 per cent in the first quarter of this year, due to large development projects such as the Tun Razak Exchange and Bukit Bintang City Center in Kuala Lumpur adding lots of supply to the market.

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