KUALA LUMPUR: Phase one and two of Permodalan Nasional Bhd’s (PNB) iconic Merdeka 118 precinct are expected to be ready by the second quarter (Q2) of 2022 instead of end 2021 as initially targeted, following delays caused by the movement control order in light of Covid-19.
The development is funded by PNB Merdeka Ventures Sdn Bhd (PNBMV), a wholly-owned subsidiary of PNB.
PNB president and group chief executive, Ahmad Zulqarnain Onn further told Bernama that phase three which encompasses three residential towers is due for completion in 2024/2025.
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