Exchange 106 at TRX Hits 75% Tenancy, Marking a New Milestone for KL’s Commercial Property Market
Kuala Lumpur’s skyline continues to rise with renewed optimism as Exchange 106, the flagship tower within the Tun Razak Exchange (TRX) financial district, announced it has reached 75% committed tenancy, covering a total of 1.7 million square feet of prime Grade-A office space.
The milestone, equivalent to filling four 30-storey office towers, signifies growing market confidence in KL’s commercial property segment and positions the development on track to achieve financial breakeven by the third quarter of 2026.
1. Exchange 106: A Symbol of Malaysia’s Financial Ambition
Standing 492 metres tall with 106 storeys, Exchange 106 is Malaysia’s tallest completed office tower and one of the most recognisable commercial addresses in Southeast Asia. Developed by Mulia Property Development Sdn Bhd, the building forms the centrepiece of TRX — Malaysia’s International Financial District.
In a media statement, Exchange 106 chief executive officer Faris Najhan Hashim, who also serves as managing director of Mulia Property Development, described the leasing achievement as both “a financial and symbolic milestone.”
“Achieving financial breakeven is a reflection of the strength of our tenant ecosystem and the resilience of our business model,” said Faris.
“As we continue to grow, we remain committed to elevating Malaysia’s standing in the global commercial landscape.”
This success reinforces Kuala Lumpur’s ambition to compete with other global financial centres, positioning TRX as the country’s answer to Singapore’s Marina Bay and Hong Kong’s Central District.
2. 1.7 Million Square Feet Leased — A Strong Vote of Confidence
The surge in tenancy has been driven by both new multinational occupiers and expansions by existing tenants seeking to consolidate operations in a world-class, transit-connected location.
Among the most notable expansions is that of Urban Pinnacle Ventures Sdn Bhd, the Malaysian arm of CHL Management (China), which operates over 30 Grade-A office towers in China. The company signed an additional 134,000 sq ft, bringing its total space to nearly 250,000 sq ft.
“Our expansion reflects our confidence in Exchange 106’s world-class infrastructure, strategic location, and the progressive ecosystem it fosters within TRX,” said Alex Hu, managing director of Urban Pinnacle Ventures.
Other major tenants include Huawei Technologies, Ant International, Accenture, Principal Asset Management, and Centauri — forming a diverse ecosystem of finance, technology, and professional service firms.
This tenant mix underscores Exchange 106’s growing role as a magnet for regional headquarters and knowledge-based enterprises seeking premium office environments with robust digital infrastructure.
3. Strategic Location: The Beating Heart of TRX
Located in the Tun Razak Exchange, Exchange 106 enjoys unrivalled connectivity at the intersection of Kuala Lumpur’s urban and financial core.
The tower is directly linked to the TRX MRT interchange, which connects the Sungai Buloh–Kajang and Putrajaya MRT lines, providing direct access to Greater KL’s major suburbs. It also enjoys easy connectivity via major highways such as MEX, SMART, and DUKE, and is within walking distance of retail and hospitality components like The Exchange TRX Mall and TRX Residences.
This integration of transport, commerce, and lifestyle spaces exemplifies the “live, work, play” urban philosophy — crucial for attracting global companies and fostering a dynamic workforce environment.
4. Sustainability at the Core
Beyond its scale and architectural prominence, Exchange 106 has been recognised for its green design and energy efficiency. The tower earned national recognition at the National Energy Awards for implementing advanced sustainability practices, including high-performance façade systems, energy-efficient HVAC installations, and intelligent building management systems.
These features align with Malaysia’s broader push toward sustainable urbanisation and green-certified commercial properties, making Exchange 106 a benchmark for future developments in TRX and beyond.
5. What Exchange 106’s Success Means for KL Commercial Property
The leasing milestone reflects renewed investor confidence in Kuala Lumpur’s commercial real estate sector, which has undergone a period of cautious recovery following global market adjustments.
While older office buildings face challenges in maintaining occupancy, new-generation towers like Exchange 106 are benefitting from flight-to-quality demand, where tenants prioritise buildings that offer technology integration, green credentials, and strong locational value.
For investors and landlords, this trend signals that premium-grade commercial assets remain resilient, especially when located in mixed-use developments that integrate workspaces with retail and lifestyle amenities.
For businesses, Exchange 106’s success shows that Kuala Lumpur remains cost-competitive relative to regional capitals, offering world-class facilities at lower operating costs than Singapore or Hong Kong — an increasingly attractive factor for global firms establishing regional hubs.
6. TRX: Malaysia’s Global Financial District Comes Alive
The Tun Razak Exchange represents more than just a property development — it’s a national strategic catalyst designed to position Kuala Lumpur as a regional centre for finance and investment.
The district’s ecosystem already includes The Exchange TRX mall by Lendlease, TRX Residences, and upcoming hospitality projects such as Kimpton and W Kuala Lumpur extensions, creating a self-sustaining, mixed-use environment.
Exchange 106’s strong performance thus anchors TRX’s ongoing transformation into a fully activated financial precinct, signalling to international investors that Kuala Lumpur is open for business and ready to compete on the world stage.
7. The Road Ahead: Breakeven by Q3 2026
With 1.7 million sq ft leased and financial breakeven projected for the third quarter of 2026, Exchange 106’s trajectory underscores a broader optimism in KL’s property cycle.
As more multinational tenants seek relocation or expansion opportunities within TRX, the tower is expected to achieve near-full occupancy — solidifying its role as the commercial heart of Malaysia’s next-generation financial hub.
Explore Kuala Lumpur’s Investment-Grade Developments at klproperty.cc
Exchange 106’s success is a testament to Kuala Lumpur’s commercial property resilience and its potential for long-term growth.
For investors seeking high-performing assets in Malaysia’s most connected business district, klproperty.cc offers curated insights into KL commercial property trends, new launches, and investment opportunities.
Whether you’re exploring prime offices, retail assets, or mixed-use developments, TRX and Greater Kuala Lumpur remain at the centre of Malaysia’s next economic chapter — and the best time to be part of it is now.
