The Exchange 106 Explained

The Exchange 106
Native Name:Malay: Menara Exchange 106
Mapframe-Zoom:15
Location:Jalan Tun Razak, Kuala Lumpur, Malaysia
Address:Lingkaran TRX, Tun Razak Exchange, 55188 Kuala Lumpur, Malaysia
Architect:Group Architects; Peter Chan (Architect of Record)
Floor Count:95[1]
Owner:Mulia Property Development Sdn Bhd
Floor Area:453885-3NaN-3
Building Type:Office
Architectural:445.50NaN0
Tip:445.50NaN0
Top Floor:397.3m (1,303.5feet)
Elevator Count:58
Former Name:Signature Tower
Developer:Mulia Group[2]
Main Contractor:Mulia Group[3]
Alternate Names:TRX 106, TRX Signature Tower
Public Transit: Tun Razak Exchange MRT station

The Exchange 106 (Malay: Menara Exchange 106), formerly known as the TRX Signature Tower, is a 445.5-meter-tall (1,462 ft) supertall skyscraper in Kuala Lumpur, Malaysia. It is the second-tallest building in Malaysia and the third-tallest building in Southeast Asia. It is also the second largest skyscraper in Malaysia by floor area with 453885-3NaN-3.[4] [5] [6] [7] [8] [9] [10] [11] The tower has a net lettable area of 2.6abbr=offNaNabbr=off. It is also the centerpiece of the new Tun Razak Exchange (TRX) financial district.[12] [13] [14]

The Exchange 106 is currently the nineteenth tallest building in the world according to the Council on Tall Buildings and Urban Habitat (CTBUH) and the second-tallest building in Malaysia, surpassing the Petronas Twin Towers by 1.7 meters.[15]

As of October 2019, about 500000order=flipNaNorder=flip of Exchange 106's floor space was expected to be taken up by tenants.[16] The floor space is column-less, ranges from 28000to.[17]

Proposal and development

The skyscraper was first conceptualized when TRX was controlled by 1Malaysia Development Berhad (1MDB), a sovereign fund owned by the Government of Malaysia. On 13 May 2015, 1MDB Real Estate Sdn Bhd (1MDB RE), the master developer of TRX, and the Mulia Group announced that, through Mulia Property Development Sdn Bhd, they had signed a Sale and Purchase agreement for the development rights of the plot of land for the Exchange 106 (then known as the Signature Tower), with the land transacted at a value of RM665 million.[18] Groundwork on the Exchange 106 plot commenced on 1 March 2016, with the mat concrete foundation laid in May 2016 (see "Progress" section below).[19]

Presently, Mulia Property Development Sdn Bhd is 51% owned by the Ministry of Finance through MKD Signature Sdn Bhd and 49% by Mulia International.

Progress

The Exchange 106 was managed by the Mulia Group,[20] with structural construction carried out by the China State Construction Engineering Corporation, through its Malaysian subsidiary China State Construction Engineering (M) Sdn. Bhd.[21]

In May 2016, the tower's foundation concrete pour took place over a weekend and was the second-largest continuous concrete pour in the world.[22] In December 2017, the building was structurally topped out, 19 months after commencement, achieving an average of 3 days a floor.[23]

Exchange 106 achieved its Certificate of Completion and Compliance in September 2019.[24] The construction of the TRX's shopping mall (known as The Exchange TRX) which is located at the foot of the Exchange 106 was expected to be completed by the third quarter of 2021.[25] Later on, the construction of the mall was delayed due to the strict Movement Control Order (MCO) in the country caused by the COVID-19 pandemic. The completion of the mall was pushed back to 2022 and but was subsequently opened in November 2023.[26]

As of December 2021, the overall infrastructure of TRX was at 80 percent completion, while The Exchange TRX mall was expected to be completed in the third quarter of 2023.[27]

Criticism

The tower, along with Merdeka 118, has often been referred by many Malaysians as highly unnecessary and a "national disgrace", with their presence on the Kuala Lumpur skyline "tainted" and signifying the legacy of the scandal.[28] [29]

Transportation

The skyscraper is currently served by the Kajang Line and the Putrajaya Line with one station, the Tun Razak Exchange MRT underground station on site. The underground station is one of two interchanges between the Kajang and Putrajaya MRT lines.

See also

Notes and References

  1. Web site: The Exchange 106 -The Skyscraper Center. www.skyscrapercenter.com. 2018-10-17.
  2. http://www.mulia.com.my/ Mulia Group website
  3. Web site: Housing Construction .
  4. Web site: The Exchange 106 - the Skyscraper Center.
  5. Web site: Mulia Group Malaysia - The Exchange 106. The Mulia Group Malaysia. 1 October 2017. 1 October 2017. https://web.archive.org/web/20171001074723/http://www.mulia.com.my/the-exchange-106/. dead.
  6. Web site: Big tenants for Exchange 106. www.thestar.com.my.
  7. Web site: Malaysia's new tallest building to be completed in 2018. New Straits Times. 21 December 2017. 6 September 2018.
  8. News: Malaysia's upcoming tallest skyscraper, The Exchange 106, has signed up major tenants. The Straits Times. 11 January 2018.
  9. Web site: Malaysia's tallest building to be completed in 2Q18. 21 December 2017.
  10. Web site: Mercu tanda baharu KL, komponen TRX siap Jun. Oleh Syalikha. Sazili. BH Online. 22 January 2018. 6 September 2018.
  11. Web site: Exchange 106 to eclipse Twin Towers soon as nation's tallest. The Star Online.
  12. Web site: Exchange 106 shaping up to be the tallest. The Star Online. 4 February 2018.
  13. Web site: "Ministry of Finance Malaysia - Media Release - MKD SIGNATURE SDN BHD RE: TRX TOWER". treasury.gov.my. 2018-03-10. 11 March 2018. https://web.archive.org/web/20180311081139/http://www.treasury.gov.my/index.php/en/gallery-activities/press-release/item/3545-media-release-mkd-signature-sdn-bhd-trx-tower.html. dead.
  14. Web site: Big tenants for Exchange 106. The Star Online. 4 February 2018.
  15. Web site: The Exchange 106 - The Skyscraper Center. 2021-10-07. www.skyscrapercenter.com.
  16. Web site: TRX's Exchange 106 expects first tenants in December The Star Online. www.thestar.com.my. 2020-02-05.
  17. Web site: The EXCHANGE 106. mulia.com.my. 2018-02-25. 1 October 2017. https://web.archive.org/web/20171001074723/http://www.mulia.com.my/the-exchange-106/. dead.
  18. Web site: TUN RAZAK EXCHANGE ATTRACTS INDONESIA'S LEADING PROPERTY DEVELOPER. trx.my. 13 May 2015. 2018-02-03.
  19. Web site: Bai Tian: China offers the best quality of construction to Malaysia, high quality of techniques and speed receive recognition. malaysianchinesenews.com. 2 Feb 2018. 2018-02-03.
  20. Web site: Iconic tower set to boost city's status . . 8 May 2023 . https://web.archive.org/web/20200205110521/https://www.pressreader.com/malaysia/new-straits-times/20191024/281840055449962 . February 5, 2020 . en . 2019-10-24 . live . PressReader.
  21. Web site: The Exchange 106 - The Skyscraper Center. www.skyscrapercenter.com. 2020-02-05.
  22. Web site: Exchange 106 to eclipse Twin Towers soon as nation's tallest. The Star Online. 26 December 2017.
  23. Web site: Exchange 106 to eclipse Twin Towers soon as nation's tallest The Star Online. www.thestar.com.my. 2020-02-05.
  24. Web site: Exchange 106 ready to house MNCs, first tenants expected by December. Business. N. S. T.. 2019-10-02. NST Online. en. 2020-02-05.
  25. Web site: Shopping mall at TRX to be ready by Q3 2021.
  26. Web site: Opening of retail mall at TRX Exchange delayed. 2021-10-07. The Star. en.
  27. Web site: Aman. Azanis Shahila. 2021-12-01. TRX ramping up construction to meet revised completion targets New Straits Times. 2021-12-20. NST Online. en.
  28. News: Schneider. Keith. 24 July 2018. Malaysia Seeks to Complete a $10 Billion Project Rocked by Scandal. 12 October 2021. The New York Times.
  29. Web site: Shukry. Anisah. 23 October 2019. Inside Malaysia's Tallest Skyscraper Once Roiled by 1MDB. 12 October 2021. bloomberg.com. Bloomberg News.