RM7bil development: (from left) Rizal, Zeti and PNB Merdeka Ventures Sdn Bhd CEO Tengku Datuk Ab Aziz Tengku Mahmud at the event.
KUALA LUMPUR: The RM7bil Merdeka 118 development, which will house Malaysia’s next tallest building, is expected to break even in about 10 years.
According to Permodalan Nasional Bhd (PNB) property/real estate division executive vice-president Rizal Rickman Ramli, PNB’s investment in the Merdeka 118 project is for the long-term.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
