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Merdeka 118, formerly known as Menara Warisan Merdeka, [a] KL 118, and PNB 118, is a 118-story megatall skyscraper in Kuala Lumpur, Malaysia.At 678.9 m (2,227 ft) tall, [1] it is the second-tallest building and structure in the world, only behind the Burj Khalifa, at 829.8 m (2,722 ft).
A price index (plural: "price indices" or "price indexes") is a normalized average (typically a weighted average) of price relatives for a given class of goods or services in a given region, during a given interval of time.
Malaysia's history with skyscrapers originated from construction booms in Kuala Lumpur between the 1970s and 1980s, where architectural height records were constantly broken and surpassed. In 1971, the 28-storey Sime Bank Building (currently Takaful Building) was the first building to exceed 100 metres (328 ft). [ 5 ]
From 1996 to 2004, they were the tallest buildings in the world until they were surpassed by the Taipei 101 building. The Petronas Towers remain the world's tallest twin skyscrapers , surpassing the original World Trade Center towers in New York City, and were the tallest buildings in Malaysia until 2021, when they were surpassed by Merdeka 118 .
The first true skyscraper in Kuala Lumpur was Menara Bumiputera (today known as Menara Bank Muamalat), which was completed in 1978 and stands at 150.5 m (494 ft). [8] Maybank Tower, standing at 243.5 m (799 ft), held the record of being the tallest building in Kuala Lumpur and Malaysia for nearly 10 years. [9]
The construction of the skyscraper was completed in 2020 and is currently among the tallest skyscrapers in Malaysia. [ 2 ] Construction of the skyscraper was initially proposed in 2011, when Sapura Resources, a Malaysian property developer, announced a joint-venture with KLCC Property Holdings to develop a plot of land 7,605 m 2 (81,860 sq ft ...
In December 2016 the building was purchased by the Kumpulan Wang Persaraan (Diperbadankan) (KWAP), the second largest pension fund in Malaysia. With the sale price of RM 474.3 million ( US $107.25 million), this was the largest office building sale in the country in 2016.
The building currently is the headquarters of ExxonMobil Malaysia. It is the first building to be completed in the Kuala Lumpur City Centre development before KLCC Park, Suria KLCC, Maxis Tower and Petronas Twin Towers. The 126 m (413 ft), 30-storey tower is a rectangular-shaped building, with a virtually column free interior. For aesthetics ...