support@kopiandproperty.com

Advertisement Banner

Q3 2018 – Malaysia’s new tallest building opens for business. :)

Do you believe that tall commercial buildings are usually completed when an economic downturn is coming? Personally, I do not believe such a prediction or study. I only believe that sometimes, it’s just plain unlucky that the tallest building was completed during an onset of a economic downturn. However, as long as the builder has some financial reserves to keep up its maintenance, guess which building will be the fastest to enjoy the growth when the economy starts booming again. However this tallest buildings versus a downturn is quite a famous thought and there’s even a name for it. ‘Skyscraper Index.’ Read a brief about in in Wikipedia. As for the direction of the Malaysian economy, here’s one recent article. The report came from three different international rating agencies which by the way, happened to be the only most famous three in the world today.
Now for the most awesome news perhaps? Petronas Twin Tower will STILL be the TALLEST TWIN TOWERs in the world but it will be surpassed as the tallest building in Malaysia by The Exchange 106. This new commercial building is set within the Tun Razak Exchange (TRX) which is also the new International Financial District in the Golden Triangle of Kuala Lumpur. In fact, as it stands today, it is already 450 metres and this is only 2 metres away from taking over the title of tallest building in Malaysia from Petronas Twin Towers. The super tall Exchange 106 is owned and developed by Mulia Property Development Sdn Bhd, a subsidiary of the renowned Mulia Group of Indonesia. It is Indonesia’s largest commercial property developer. It has close to three million sq ft lettable area and is the group’s maiden project in Malaysia.
The Exchange 106’s construction is on track to be completed by the second quarter of 2018, with tenants expected to move in by the third quarter of 2018. Total floors would be 106 and 8 basement levels.  The overall height is 492.3 metres and it will be tallest in South East Asia and will be top 15 tallest in the world. Beyond just its height, it will have Green Building Index (GBI) certification and MSC status. It will also offer some of the latest in-building technology including high performance insulated glass, energy efficient MEP systems with Star rating, 100 per cent LED lighting and state-of-the-art lift technologies. Mulia Group did not disclose any percentage but said that it has already secured leases of substantial spaces. Do read more about all their other exceptional features yeah. Happy following.
written on 21 Dec 2017
Next suggested article:  Bandar Malaysia: Only Fortune 500 companies need apply (need not be from the U.S.)

Property Investment always start with knowledge. Equip ourselves with more here.

Motion arrow towards right
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Motion arrow towards right
Share on facebook
Share on twitter
Share on linkedin
Charles Tan The Founder The Writer Kopiandproperty
Charles Tan

Charles is Founder of kopiandproperty.com He writes from his investment experience for the the past 20 years in investments including property, stock, unit trust and more as well as readings and conversations with many property gurus in the industry. kopiandproperty.com is an independent property blog which is not affiliated to any media company, property developer or even real estate agencies.

Advertisement Banner

Facebook Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Table of Contents

Most Recent Posts

join the family

Like us for daily investment news and more

Hit the like