KLCC (Holdings) Sdn Bhd (KLCCH) clarified that the recent media speculation on commencement of construction works on an alleged, latest mega project dubbed ‘Tower M’, is untrue.

KLCCH, in a statement today, revealed that no such construction is currently taking place. Instead, the current construction works on Lots L, L1, M and N in the KLCC Precinct along Jalan Binjai, are focused on an integrated transport oriented development.

The development comprises four levels of basement car park, one level concourse retail and four levels retail podium. The concourse and underground car park will be fully integrated with the upcoming MRT Station. The substructure works for the projects by KLCCH are in progress as planned, concurrently with the MRT Station works by MRT Corp., scheduled to be completed by end 2022.

The sub-structure includes the construction of a foundation for any prospective buildings in the future, so as not to disrupt the MRT line when it is in operation.

Any future commercial, construction plans on the Lots in question, are subject to pre-secured full tenancy as KLCCH is not a speculative developer. In view of the current market conditions, any such plan is unlikely to materialise before 2030.

“KLCCH’s mandate is to derive value from our assets and this includes any future commercial construction. To suggest otherwise is misguided.”

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