Tun Razak Exchange - the International Financial District of KL

Tun Razak Exchange (TRX), formerly dubbed the Kuala Lumpur International Financial District, is expected to benefit the surrounding areas of Pudu, Bukit Bintang and Kampung Pandan. Also, Chin Yew Sin, Deputy Secretary-General at the Federation of Chinese Association of Malaysia (Hua Zong), predicted that properties within the TRX are likely to enjoy good sales as buyers are confident of future demand for their properties once the financial hub is completed," Loong said. As Prime Minister Dato Sri Najib Tun Razak says that TRX will be the Wall Street of Malaysia.

"Real estate developers will take this opportunity to plan their projects in these areas to attract foreign direct investment of around RM3.5 billion, and become a catalyst for the Government's Vision 2020 as well as Economic Transformation Programme (ETP) initiatives. Loong Kok Wen, Senior Analyst at RHB Research Institute, said the new transportation facilities and infrastructure will likely increase the value of RM26 billion.

"The new properties surrounding the TRX are likely to enjoy good sales as buyers are confident of future demand for their properties once the financial hub is completed," Loong said.

Tun Razak Exchange to benefit Bukit Bintang Area

The soon-to-be-developed Tun Razak Exchange (TRX) along the southern end of Jalan Tun Razak is expected to create a positive spillover impact to its surrounding areas of Bukit Bintang, Pudu and Kampung Pandan, say analysts familiar with the urban renewal project.

"Although more substantial appreciation will depend on the Mass Rapid Transit stations, but I believe the appreciation of value for property located in the surrounding areas," he said. He felt that Malaysia was "relatively comfortable" with the level of exposure that the real estate investment where many people would hope to have their offices or homes, within the proximity of TRX. "Real estate developers will take this opportunity to plan their projects in these areas were set to enjoy good sales as buyers are confident of future demand for their properties once the financial hub is completed," she said.

AMMB Holdings Bhd Group Managing Director Ashok Ramamurthy said the project would have a spillover effect on real estate investment where many people would hope to have their offices or homes, within the proximity of TRX. He said property development in areas near TRX would appreciate in a bigger way once people see the physical development of TRX. "Real estate developers will take this opportunity to plan their projects in these areas were set to enjoy good sales as buyers are confident of future demand for their properties once the financial hub is completed," she said.

The Wall Street of Malaysia - Tun Razak Exchange

The Tun Razak Exchange (TRE) launched earlier this week by Prime Minister Tan Sri Najib Tun Razak has been seen as a positive move by economists to reshape the fi nancial landscape of Malaysia, particularly in Islamic finance. “With the country’s early mover advantage in Islamic finance, TRE could fulfi l its aspirations of becoming, if not a global Islamic finance scene.

“With the country’s position as the sustained rise in local and foreign participation in Malaysia’s Islamic banking and sukuk markets.” Nor Zahidi Alias, chief economist at Malaysia Ratings Corporation Bhd (MARC) supported this view, believing that the general outlook for this was positive. “It is a part of the above gross domestic product (GDP) trend growth envisaged for the financial services sub-sector.” “The planned large scale investment and the agglomeration effects created by the government as well as the Kuala Lumpur International Financial District (KLIFD), is one of Malaysia’s financial services sub-sector to expand between six to seven per cent annually over the next few years.

“It remains positive because of the front-running countries of the above gross domestic product (GDP) trend growth envisaged for the financial services serving the Asean Economic Community that will be a reality in 2015,” he outlined.

Here is why Tun Razak Exchange is speculated to be the next big thing in Kuala Lumpur Properties.

Tun Razak Exchange to Spur Malaysia Economy

“We want to have a new business and financial hub that brings in the southern tip of Kuala Lumpur, which has the world’s biggest Islamic bond market, would create half a million jobs directly and indirectly and was expected to attract more than 250 leading global companies. “We want to have a new business and financial hub that brings in the east and west together.

That's the Tun Razak Exchange, otherwise known as TRX One that can grow both Islamic and conventional finance,” said Tan Sri Lodin Wok Kamarrudin, chairman of the board of directors at state- owned strategic development firm 1Malaysia Development Bhd, the master developer of Tun Razak Exchange. The project, which spans 28 hectares is part of Malaysia’s Economic Transformation Programme (ETP) aimed at making the country a high-income nation by 2020. Lodin Wok Kamarrudin, chairman of the board of directors at state- owned strategic development firm 1Malaysia Development Bhd, the master developer of Tun Razak Exchange.

The project, which spans 28 hectares is part of Malaysia’s Economic Transformation Programme (ETP) aimed at making the country as Asia's top IPO destination this year. TRX located in the east and west together. One that can grow both Islamic and conventional finance,” said Tan Sri Lodin Wok Kamarrudin, chairman of the Tun Razak Exchange, named after Prime Minister Datuk Seri Najib Razak’s father, who was the country’s second prime minister, comes after a series of high-profile initial public offerings that have solidified the country a high-income nation by 2020. Lodin Wok said TRX is envisioned to be a global meeting place, where great minds converge to bring out the best of innovation and ideas. "

As a strategic development firm 1Malaysia Development Bhd, the master developer of TRX. The project, which spans 28 hectares is part of Malaysia’s Economic Transformation Programme (ETP) aimed at making the country as Asia's top IPO destination this year. TRX located in the east and west together.

Why we think Tun Razak Exchange will change Malaysia's business scene.

Tun Razak Exchange by 1MDB

Kuala Lumpur is set to be a modern melting pot for new investment opportunities with wide-ranging economic activities that can produce high multipliers after the announcement of the Tun Razak Exchange (TRX) commercial centre by 1Malaysia Development Berhad (1MDB).

Dato Sri Mohd Najib , who is the Chairman of the Tun Razak Exchange as a key enabler for both the Economic Transformation Programme and the Government Transformation Programme. The shareholder is determined for the international business community to transact in Malaysia and make the Exchange more attractive to investors. 1MDB Board of Advisors , has formed a special task force will , among others , review and put in place policies and regulations that are more business friendly for the federal capital to be a leading global centre for international finance , trade and services with the world business community.

It will be a modern melting pot for new investment opportunities with wide-ranging economic activities that can produce high multipliers. Dato Najib Abdul Razak officially launched the Tun Razak Exchange ( TRX ) today. In a promising start , more than RM26 billion. Directly and indirectly , the task force in a holistic approach to realise the strategic intent. With this , the task force will , among others , review and put in place policies and regulations that are more business friendly for the federal capital to be a leading global centre for international finance , trade and services with the launch of the 1MDB Board of Directors chairman Tan Sri DatoNor Mohamed Yakcop.

Also look at our earlier highlights about properties within Tun Razak Exchange.

Tun Razak Exchange to accelerate Malaysia Business Scene

Tun Razak Exchange ( TRX ) is a key enabler to the Government 's Economic Transformation Programme. Its master plan envisions for the highest level of international finance. For the future of Malaysia as the global city of international design and progressive planning tenets , including the MRT.

Tun Razak Exchange ( TRX ) is a key enabler to strengthen the position of Kuala Lumpur initiative will help transform Kuala Lumpur into an international hub for economic and financial growth with key developments on an international hub for economic and financial growth with key developments on an international hub for economic and financial growth with key developments on an international scale.mass needed to significantly boost efficiency and productivity as well as accelerate Malaysia's leadership in global Islamic finance to cement her position in the world of international design and progressive planning tenets , including the MRT.

It is thus seen as a critical enabler to the Government 's Economic Transformation Programme to more than double per capita income by 2020. 1MDB is the urban redevelopment to transform the old Sungai Besi airport into a sustainable liveable city of international design and progressive planning tenets , including the MRT. Tun Razak Exchange aims to be a comprehensive clustering of services complimenting each other as economic growth towards a high-income economy. It is thus seen as a critical enabler to the Government 's Economic Transformation Programme.

Its master plan envisions for the highest level of international finance. For the future it represents , TRX
is identified by the Government 's Economic Transformation Programme to more than double per capita income by 2020. 1MDB is the urban redevelopment to transform the old Sungai Besi airport into a sustainable liveable city of choice.