The Merdeka 118 skyscraper which has been completed is expected to be launched officially on January 2024 with the operations of Permodalan Nasional Bernard (PNB) is now moving in phases beginning this month.
“The first group is expected to move in to the building within a short period after obtaining the final approval,” PNB’s President and Chief Executive, Ahmad Zulqarnain Onn said.
“The occupancy rate is encouraging with the anchor tenant, Maybank expected to move in on 2025,” he added.
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“The tower is completed. The first group is moving in by end of this year. The observation deck will be opened in the second half of 2024.
“Merdeka Stadium will be ready by the middle of next year,” said Ahmad Zulqarnain Onn when asked about the latest updates of the Merdeka 118 development, which is owned by PNB through its subsidiary, PNB Merdeka Ventures Sdn Bhd.
The skyscraper which is 118 stories tall with a height of 678.9 meters is also the second tallest building in the world after Burj Khalifa in Dubai.
The Gross Development Value (GDV) of the development is worth more than RM3.5 billion and expected to brings a positive impact to the country in terms of commercial to tourism activities.
Prior to the development of Merdeka 118, the second tallest tower in the world is the Shanghai Tower in China with a height of 632 meters.
Merdeka 118 has a floor space of 3.1 million square feet and the highest observation deck in Southeast Asia, at the height of 500 meters.
The other main tenant of the skyscraper is Park Hyatt, a five-star hotel brand which takes up 17 floors (from level 100 to 117), and will operate with 252 hotel rooms.
Check out this link to read more about the tallest building in Malaysia, Merdeka 118.
