TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

At 492m, Exchange 106 officially dethrones Petronas Twin Towers as Malaysia's tallest building

  • Nadirah H Rodzi

    The Straits Times/Asia News Network

Kuala Lumpur, Malaysia   /   Fri, October 4, 2019   /   01:01 pm
At 492m, Exchange 106 officially dethrones Petronas Twin Towers as Malaysia's tallest building With its completion, the Exchange 106 skyscraper has officially dethroned the Petronas Twin Towers as the tallest building in Malaysia.PHOTO: (ST/ANN/EXCHANGE 106)

South-east Asia's tallest building, standing at 492m, is now ready for occupation.

With its completion, the Exchange 106 skyscraper has officially dethroned the Petronas Twin Towers, at 452m, as the tallest building in Malaysia.

The new tower also dethroned the region's previous champion, Vietnam's completed Landmark 81 project, which is 469.5m tall.In comparison, Singapore's tallest building - Guoco Tower in Tanjong Pagar - is 290m high.

Burj Khalifa in Dubai, the world tallest, reaches 830m at its highest tip.

The Exchange 106 office block is located in the Tun Razak Exchange, or TRX, an upcoming financial district in Kuala Lumpur that was originally developed by scandal-plagued state fund 1Malaysia Development Berhad ( 1MDB ).

TRX was the pet project of former prime minister Najib Razak, and named after his father, Tun Razak Hussein, who was also Malaysia's second prime minister.Exchange 106 and TRX are now owned by Indonesian developer Mulia Property Development and Malaysia's Ministry of Finance.

Najib is currently facing trial for corruption and money-laundering relating to funds allegedly siphoned off from 1MDB.

The shiny skyscraper, whose building cost has not been made public, recently received its certificate of "completion and compliance", allowing for tenants to move into its 4.9 million sq ft of office space, across 106 floors.

"The Exchange 106 offers column-free and long spans of office space ranging from 22,000 sq ft to 34,000 sq ft, the largest columnless space in Malaysia. These are designed for flexible layouts and open plan interior configurations," said Exchange 106 in a statement issued on Wednesday (Oct 2).

The first tenants are expected to move in by December, said Ms Joanne Ang, head of leasing for Mulia Property Development.

Finance Minister Lim Guan Eng said in February that the Pakatan Harapan government, which defeated Najib's Barisan Nasional coalition in last year's polls, had decided to complete the Exchange 106 tower, as it was financially viable.

"Rest assured that the TRX is detoxified," Mr Lim told reporters then.

"We are slowly, but surely exorcising the ghosts of 1MDB which has tainted Malaysia as the destination for business and investment."

When the Petronas Twin Towers was completed in 1998, the 88-storey office towers were the world's tallest buildings.

The twin blocks were built during Tun Dr Mahathir Mohamad's first stint as prime minister from 1981 to 2003. Today, he is prime minister again.

But Exchange 106 is expected to soon lose its bragging rights as the tallest building.

Not far away from where it stands in Kuala Lumpur, builders are busy completing the 500m high Merdeka PNB 118.

It is being developed by Malaysia's national equity fund Permodalan Nasional Bhd and is expected to be ready by next year.

NEWS PULSE