What is the current completion status of Tun Razak Exchange infrastructure?

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Tun Razak Exchange Infrastructure Nears Full Completion

The infrastructure for the Tun Razak Exchange (TRX) is currently 99 per cent complete, with the remaining one per cent in the final stages of development. This significant progress has been achieved despite constraints imposed by the movement control order (MCO) due to the Covid-19 pandemic, as highlighted by TRX City Sdn Bhd, the master developer.
Key Buildings Operational Soon

Among the completed structures within the financial district are Menara Prudential and the HSBC Bank building. Furthermore, the Affin Bank building has received its Certificate of Completion and Compliance (CCC) and is slated for occupation in the third quarter of this year. Both HSBC and Affin Bank are expected to have their headquarters operating from TRX in 2022.
Ongoing Development and Future Outlook

While the master developer, TRX City, oversees the overall project, the development of individual plots is dependent on the respective landowners. The Lifestyle Quarter, a key commercial area, is being developed and managed by a joint venture between Australia's Lendlease and TRX City, with further announcements anticipated regarding its retail offerings.
Addressing Market Challenges

Despite the impact of the MCO on physical progress, efforts are underway to regain momentum, particularly in attracting retailers and new market entrants to TRX. While acknowledging the potential influence of global inflationary pressures and rising interest rates, the company remains focused on completing the ongoing development work and adapting to these economic conditions to mitigate associated risks.

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What is the current completion status of Tun Razak Exchange infrastructure?

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