RUMOURS

We keep an ear out for upcoming developments from our verified sources.

These rumours are only indications of intent from developers and therefore subject to change.

KL118 TOWER (formerly known as Warisan Merdeka)

Kl118 pix

At a total height of 682 meters, PNB's KL118 Tower is set to be among the world's top 10 tallest structures when completed by 2020.Designed by Australian architecture company Fender Katsalidis Arch...

At a total height of 682 meters, PNB's KL118 Tower is set to be among the world's top 10 tallest structures when completed by 2020.Designed by Australian architecture company Fender Katsalidis Architects, KL118 will surpass the 88-storey Petronas Twin Towers (452m) as Malaysia's tallest building.KL118 is part of a larger development complex known as Warisan Merdeka (Heritage Independence), which will feature four residential towers and a shopping mall.The whole development will take shape on a 7.6ha site located within the area of Stadium Merdeka and Stadium Negara.Out of the 100 floors up for rent, 60 have been set aside for PNB and certain subsidiaries.Another 20 have been earmarked for a 250-room international luxury hotel (possibly Park Hyatt), while 20 more have been allocated for multinational companies and Malaysian firms.The remaining 18 floors include two levels for an observation deck at the highest point of the tower at 476.7m.The net lettable office space is about 1.6 million sq feetKL118 will be connected to a mass rapid transit station.South Korea-listed Samsung C&T Corp and its local partner UEM Group Bhd has won a US$505 million (RM2.12 billion) construction job for the KL118 Tower. Samsung C&T has experience in building skyscrapers, which include the Petronas Twin Towers and the Burj Khalifa.International consultancy firm Turner International is the project manager. The company is also involved in TRX-Kuala Lumpur's future purpose-built business district. For regular updates on the property market, follow PropertyPricetag.com on Facebook.