The Exchange 106

The Exchange 106 (, formerly known as the Signature Tower, is a 453.6-meter-tall (1,488 ft) supertall skyscraper in Kuala Lumpur, Malaysia. It is the second-tallest building in Malaysia and the third-tallest building in Southeast Asia. The 397.3-meter (1,303 ft) building is topped with a 11-story high illuminated crown making it the third icon of Kuala Lumpur after Kuala Lumpur Tower and the Petronas Towers. It is tall. It is also the second largest skyscraper in Malaysia by floor area with . The tower has a net lettable area of . It is also the centerpiece of the new Tun Razak Exchange (TRX) financial district. The Exchange 106 is currently the 19th tallest building in the world according to the Council on Tall Buildings and Urban Habitat (CTBUH) and the second-tallest building in Malaysia, surpassing the Petronas Twin Towers by 1.7 meters. As of October 2019, about of Exchange 106's floor space was expected to be taken up by tenants. The floor space is column-less, ranges from . Proposal and development The skyscraper was first conceptualized when TRX was controlled by 1Malaysia Development Berhad (1MDB), a sovereign fund owned by the Government of Malaysia. On 13 May 2015, 1MDB Real Estate Sdn Bhd (1MDB RE), the master developer of TRX, and the Mulia Group announced that, through Mulia Property Development Sdn Bhd, they had signed a Sale and Purchase agreement for the development rights of the plot of land for the Exchange 106 (then known as the Signature Tower), with the land transacted at a value of RM665 million. Groundwork on the Exchange 106 plot commenced on 1 March 2016, with the mat concrete foundation laid in May 2016 (see "Progress" section below).