Rent drives value where office space is concerned

Increased activity: Anartist’s impression of the Tun Razak Exchange. Banking group HSBC will be moving to its own quartersi n the first quarter of2021,while the Affin banking group is expected to do so around the middle of the year

AS 2021 rounds the corner, some movements are expected at the Tun Razak Exchange (TRX), where Kuala Lumpur’s financial centre is located.

Banking group HSBC will be moving to its new headquarters as early as the first quarter, according to sources. This is expected to be followed by the Affin banking group around the middle of the year. Affin’s new headquarters is a 35-storey building.