By Chua Ee June
PETALING JAYA: “The Tun Razak Exchange (TRX) is envisioned to be a catalyst for urban regeneration in Kuala Lumpur towards becoming a World-Class City,” said TRX City Sdn Bhd chief executive officer Datuk Haji Azmar Talib at the Malaysian Annual Real Estate Convention (Marec’18), last month.
According to him, the TRX shall be the new financial city of Kuala Lumpur as well as a strategic enabler in supporting the Malaysian Government’s Economic Transformation Programme (ETP). Azmar added that the TRX is set to become a key regional financial hub in Malaysia.
Citing TRX City Sdn Bhd as the owner and master developer of TRX, Azmar stated that the organisation will support the economic transformation programme of Malaysia by creating world-class addresses as well as to plan, design, implement, commercialise and operate the TRX.
Spanning a total site area of 70 acres, the TRX is divided into four different zones, which are the Lifestyle Quarter, Financial Quarter, Park Quarter and Urban Quarter. 50% of the area will be reserved for office buildings, 30% for residential and 10% each for hotels and retail. The main features of the TRX are the Exchange 106 tower and the 10-acre public park.
Concerning accessibility, the development is connected to the MEX Highway, SMART Tunnel, Setiawangsa Pantai Expressway (DUKE 3) and the Federal Highway. The TRX is also connected to the MRT and an extensive pedestrian network.
Azmar also shared a few ways to handle business risks that are part and parcel of managing the TRX:
- Proper documentation and planning for commercialisation
- Enhance branding
- Implementation
- Ensure efficient operation
“TRX is a long-term development which will help Kuala Lumpur in its urban regeneration.
“Apart from that, we create value beyond our boundaries as the TRX will also help Malaysia obtain other financial transactions, creating about 40,000 knowledge-based job employment,” said Azmar.
