Malaysia is close to becoming a financial, transportation and digital hub upon completion of a number of mega projects.
Bandar Malaysia
GDV: RM150 bil
Expected completion: 2030 – 2035
Unique features: Underground shopping malls, home to the KLSingapore HSR, ERL, KTM and the MRT line 2 and 3; Kuala Lumpur Internet City (KLIC) (primary digital hub for the Digital Free Trade Zone (DFTZ), 6 hours’ flight from half of world’s population
Tun Razak Exchange (TRX)
GDV: RM40 bil
Expected completion: 2018 (Phase 1)
Unique features: KL’s newest financial district, underground MRT station
Sited next door to Bandar Malaysia, Phase 1 is slated for completion in 2018. KL’s newest financial district will cover roughly 28 ha of prime real estate and will have an underground MRT station. The master plan includes a total of 26 buildings and over 21 million sq ft of total building Gross Floor Area (GFA) spread across office, residential, hotel, retail, F&B and cultural offerings. As of June, corporations that have signed up include HSBC Malaysia, Mulia Group (Indonesia), Lendlease (Australia), Lembaga Tabung Haji, Affin Bank Berhad and water management firm Veolia Water Technologies.