New 700m skyscraper coming up in KLCC

PETALING JAYA (July 14): A 700m building tentatively named Tower M will come up within the Kuala Lumpur City Centre development after 2030, dwarfing the 630m Menara PNB 118 which is slated for completion in 2024, reported The Edge Malaysia weekly.

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PNB brings Park Hyatt Hotel to PNB 118

KUALA LUMPUR (Feb 28): Permodalan Nasional Bhd (PNB), which is on the lookout for tenants for its iconic PNB 118 tower, believes the building, which is set to be the tallest building in Southeast Asia and the third tallest in the world, has a prestigious address that will attract global corporations to establish their offices there.

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JLL Malaysia: Temporary development curbs will bring “much-needed” relief

PETALING JAYA (Nov 21): The temporary freeze on approvals for the development of shopping complexes, offices, serviced apartments and luxury condominiums priced over RM1 million will be a much-needed relief for landlords or owners of office and residential buildings as it will allow the market to absorb the existing large supply through rising population growth, urbanisation and migration to cities, said JLL Malaysia associate director, research and consultancy Veena Loh.

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No stopping Merdeka PNB 118, says PNB

KUALA LUMPUR (Aug 16): The construction of Merdeka PNB 118 — which will be Malaysia’s tallest building and the world’s fifth tallest on completion — will not be stopped, Permodalan Nasional Bhd (PNB) group chairman Tan Sri Abdul Wahid Omar said, even though it will worsen the oversupply of office space in the capital city.

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