KL’s Emerging Financial Hub: TRX Now and What’s Next
- Erik & Aya
- 5 days ago
- 3 min read
TRX: Malaysia’s Largest Urban Redevelopment Project in the Heart of Kuala Lumpur
Tun Razak Exchange (TRX) is Malaysia’s largest urban redevelopment project, transforming the heart of Kuala Lumpur. More than just a financial hub, TRX is evolving into a vibrant international district, featuring a massive shopping mall, luxury residences, and prestigious hotels.
In this article, we will provide an easy-to-understand overview of TRX’s development journey and future prospects.
What is “The Exchange TRX”?
The Exchange TRX is a major integrated development project in central Kuala Lumpur. Led by the Malaysian government, it brings together residential towers, offices, luxury hotels, and a large-scale commercial mall, creating a thriving international urban precinct.
At the core of this redevelopment is The Exchange TRX Mall, which officially opened in November 2023. It has quickly become a major attraction with numerous popular brands and dining outlets. Other components of the development, such as residential towers and hotels, are scheduled to be completed in phases.
Key Buildings and Projects in TRX
Currently completed buildings within TRX include:
The Exchange 106 (106 floors, 452m)
Affin Tower
Menara IQ (HSBC Malaysia HQ)
Menara Prudential
TRX Residences (Residential Towers)
Upcoming developments (2025–2026) include:
Golden Eagle Tower (with Regent Hotel & Residences)
Kimpton Hotel
The Exchange TRX Office Tower
Additionally, a significant joint development by Australia’s Lendlease and TRX City is in the pipeline, promising to elevate TRX to new heights.
Future Developments and Rumors
There have been reports of a new office tower of approximately 50 storeys and 800,000 square feet being planned next to the Menara IQ (HSBC building), with completion targeted for 2029. In addition, there are unconfirmed rumors that a well-known university may establish a new campus in the TRX area. These developments remain unofficial and are awaiting formal announcements.
In June 2025, it was officially announced that the 10th commercial tower within TRX—a 39-storey skyscraper—will be developed, with PwC Malaysia (PricewaterhouseCoopers) confirmed as the anchor tenant. The firm plans to relocate its headquarters from KL Sentral to the new building upon its expected completion in Q2 2029 under a 20-year lease agreement.
According to TRX City CEO Datuk Azmar Talib, most of the existing office towers in TRX are already near full occupancy, and the new tower is being built in response to growing demand for high-grade office space.
TRX has so far attracted over RM8 billion in investments and is home to more than 20,000 knowledge workers. Global corporations such as Ant International, the Bin Zayed Group from the UAE, and MUFG (Mitsubishi UFJ) have already established a presence in TRX, solidifying its role as an emerging international financial hub.
TRX’s Future as a Global Hub
TRX is positioned as Kuala Lumpur’s International Financial District with excellent connectivity via the MRT network. Embracing the concept of “integrating business and lifestyle,” TRX is set to become a symbol of Malaysia’s urban growth on the global stage.
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📚 Sources
・Official Website of TRX City
・Opening Report of The Exchange TRX Mall The Edge Markets (November 2023)
・TRX Infrastructure Development Report New Straits Times (June 2022)
・Official Announcements by Lendlease
・ASEAN Community – Official Facebook
・CHINA PRESS 2029年次季落成 PwC将入驻TRX新大楼 2029年次季落成 PwC将入驻TRX新大楼
