TRX Phase 1 to be completed in Q1 2019

TRX City Sdn Bhd (TRX) has received numerous inquiries from potential investors following the Ministry of Finance’s decision last week to inject RM2.8 billion to ensure the project’s completion. It looks forward to welcoming businesses in Q1 2019 when the first phase of the Tun Razak Exchange financial district opens its doors.

TRX Chief Executive Officer Datuk Azmar Talib says the government’s recent announcement of support for the completion has boosted investors’ confidence and bolstered the company’s capacity to deliver all aspects of the development.

He adds, “Phase 1 of TRX comprises The Exchange 106 and Menara Prudential, both of which are slated for occupancy early next year. To date, 80% of the Phase 1 infrastructure is completed.”

Phase 2 of the project which comprises the public plaza, streetscapes and the 10-acre Central Park will be completed by 2020, in line with the opening of the Exchange Mall and the new headquarters for HSBC Malaysia and Affin Bank.

To date, TRX has signed global property and infrastructure group Lendlease to jointly develop the Lifestyle Quarter, Indonesia’s leading property developer Mulia International to develop the Exchange 106, HSBC Malaysia and Affin Bank Berhad for their new HQs, IJM Bhd to build Prudential Malaysia’s new HQ and Lembaga Tabung Haji and WCT Bhd for residential plots.

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