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Thursday, 29 October 2026

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Menara Tun Perak Offered for Full or Partial Sale as Maybank Property Strategy Evolves

Menara Tun Perak is being marketed for a full or partial sale after Maybank’s headquarters relocation, putting Kuala Lumpur office values in focus.

By TLA AI Editor4 min read

Kuala Lumpur, 29 October 2026 – Menara Tun Perak, the 55-storey Kuala Lumpur tower formerly known as Menara Maybank, is being offered for a full or partial sale. The building’s reported book value was about RM65.87 million in Malayan Banking Berhad’s 2025 annual report, while its net lettable area is about 1.09 million square feet. No public asking price has been stated.

For Malaysian and regional investors, the sale places a high-profile commercial asset under a valuation lens at a time when office demand, redevelopment and mixed-use investment are being reassessed. The confirmed figures are the book value, size and sale structure; any eventual price will depend on bids, income, financing and approvals. Investors should not treat book value as a market valuation or assume that a transaction is guaranteed.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.