KUALA LUMPUR – Aug 15, 2017: Work on what will be Malaysia’s tallest building is progressing smoothly, with most of it until now being done below the surface.
When completed, expected to be sometime in 2020, the Merdeka PNB118 will also be the world’s fifth tallest.
In responding to rumours and doubts over its construction, Permodalan Nasional Berhad chairman Tan Sri Abdul Wahid Omar said that because of its height, the foundation work and construction of its substructure needs to be properly done.
So thus far a lot of the work has been taking place underground.
“I believe we will start seeing more visible above ground construction by next year,” said Wahid at a media luncheon here today.
Talk over the supposed setbacks affecting the project was first reported in September last year by The Edge, a month after work started. In citing anonymous sources, the report suggested that work on the foundation was beset with problems.
On the poser over the need for another highrise in KL, Wahid said PNB 118 is part of the group’s investment initiative, which would have a long-term multiplier effect on the economy.
“I believe the tower’s uniqueness will appeal to certain commercial segments and that the demand for high quality office space will increase in future… especially when the KL-Singapore high speed rail project is completes,” said Wahid.
The tower, being built on a 7.6-hectare plot sandwiched between the Merdeka Stadium and Stadium Negara, will consist of 100 storeys of rentable space, a 12-storey hotel, hotel residences and a retail business centre.
Sixty storeys of office space will be reserved for PNB, its subsidiaries and the developers — Samsung C&T and United Engineers Malaysia Group.