New 700m skyscraper coming up in KLCC
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Tower M will be coming up in the Kuala Lumpur City Centre. (Photo by Low Yen Yeing/EdgeProp.my)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.
The new building will comprise three office towers on top of a retail podium and come up on four acres of land named Lots L, L1 and M next to the mass rapid transit (MRT) KLCC East Station near Jalan Binjai in Kuala Lumpur.
Industry experts calculate that Tower M will have a GDV of between RM3.7 billion and RM4.2 billion, based on the 174,240 sq ft site, current prices psf of RM2,000 for office spaces in the vicinity and a potential plot ratio of 14 to 16.
The skyscraper will be built by KLCC (Holdings) Sdn Bhd (KLCCH), the owner of Malaysia’s current tallest structures, the Petronas Twin Towers.
While KLCCH has not mentioned how many floors the building will have, Tower M will reportedly have 145 floors, said the weekly.
A spokesperson for KLCCH said works for the KLCC East Station have begun, and the developments on the four acres of land – comprising four basement levels of car parking, one concourse retail level and four retail podium levels as well as the foundations of the future office towers – are currently underway, in tandem with the construction of the station.
KLCCH will only build these office towers upon pre-securing leases for the whole building “as KLCCH is not a speculative developer”, the spokesperson added.
“In view of the current market speculation, it is envisaged that the towers will only be built in the distant future (beyond 2030),” they said.
Zerin Properties CEO Previndran Singhe lauded Tower M as a far-sighted plan by KLCCH.
“It is a fabulous idea. By 2030 to 2035, the city would have developed further. KLCC Holdings is looking ahead and will help make KL and Malaysia a commercial centre for Southeast Asia,” he said.
Meanwhile, ExaStrata Solutions Sdn Bhd CEO and chief real estate consultant Adzman Shah Mohd Ariffin said with a further 16 million sq ft of office space coming in from the Tun Razak Exchange and other outlying areas, vacancy levels will drop only when demand improves.
It will take about 15 to 16 years to fill up the existing and incoming stock based on current absorption levels of 1 million to 1.5 million sq ft per year.
He estimated that Tower M will add to another three to four million sq ft of floor area to the market, and anticipates challenges arising from decentralisation driven by improving public transport.
“The feasibility of a mega project such as Tower M may therefore need to take into account future market demand and supply in order to not end up as a white elephant,” he added.
However, Zerin’s Previndran expected a “balanced and sustainable development” arising from Dewan Bandaraya Kuala Lumpur’s prudent policies.
Projek baru ‘Menara M’ atasi rekod pencakar langit yang dilancar Najib?
FMT Reporters | July 16, 2018
Projek 3 menara di ibu negara itu satu rancangan jangka masa panjang dan pembinaannya hanya akan bermula selepas 2030, menurut laporan.
PNB 118 (kiri) apabila siap pada 2024 akan mengambil tempat Menara Berkembar Petronas sebagai bangunan tertinggi di Malaysia.
KUALA LUMPUR: Pemilik Menara Berkembar Petronas di Kuala Lumpur merancang pembinaan sebuah projek 3 menara di di tengah-tengah ibu kota, yang mungkin mengatasi pencakar langit 118 tingkat yang dilancarkan bekas perdana menteri Datuk Seri Najib Razak pada 2016, lapor akhbar The Edge.
Menara baru oleh KLCC (Holdings) Sdn Bhd, yang digelar “Menara M”, dikatakan sedang dirancang untuk 10-15 tahun akan datang, dan 27 tingkat lagi tinggi daripada PNB 118 yang dibina oleh syarikat pelaburan kerajaan, Permodalan Nasional Berhad (PNB), yang dikritik sebagai projek membazir oleh pengkritik Najib.
PNB 118 apabila siap pada 2024 akan menggambil tempat menara Petronas sebagai bangunan tertinggi di Malaysia.
Tetapi keunggulan itu tidak akan bertahan lama apabila Menara M siap dibina.
Pembinaan kompleks baru itu akan memburukkan lagi lebihan ruang pejabat di ibu kota, kebimbangan yang disuarakan pengkritik terhadap bangunan mega pencakar langit di Kuala Lumpur.
Rancangan itu dibuat ketika Tun Razak Exchange, satu lagi projek yang dipromosikan oleh kerajaan terdahulu, sedang terbentuk. Projek itu termasuk pembinaan Exchange 106 yang setinggi 106 tingkat.
Seorang perunding hartanah berkata Menara M akan menambah 3 hingga 4 juta kaki persegi lagi kepada pasaran hartanah, di atas 16 juta kaki persegi daripada Tun Razak Exchange.
“Oleh sebab itu kebolehlaksanaan mega projek seperti Menara M perlu mengambil kira permintaan dan bekalan pasaran masa depan agar akhirnya tidak menjadi projek gajah putih,” kata Adzman Shah Mohd Ariffin lapor EdgeProp, laman berita hartanah oleh The Edge.
