The megatower is currently named Tradewinds Square, and will be built on Jalan Sultan Ismail, the same stretch of road where Shangri-La Hotel Kuala Lumpur and EQ Kuala Lumpur sit.
The Edge Markets reported that Malaysia's future tallest building will be a stone's throw away from the yet-to-be-redeveloped Bukit Bintang Plaza.
The building will be erected on a plot of land that Kompleks Antarabangsa and Crowne Plaza Hotel used to sit on, reported New Straits Times.
It will be 110 storeys tall, taller than The Exchange 106 (445.5m) and Merdeka 118 (679m). The latter will become the world's second-tallest building when it opens in mid-2023.
Tradewinds Square will be a mixed development consisting of both work and leisure spaces
According to architectural firm Woods Bagot, retail stores will be at the base of the structure, followed by offices (which will occupy the majority of the floors), and residential units and their amenities.
On the higher floors, it will have serviced apartments and their amenities, hotel rooms and their amenities, and a museum. The highest floors are reserved for entertainment outlets.
"Inspired by Islamic geometry and biomimicry, Kuala Lumpur's tallest tower integrates seamlessly into the 'Golden Triangle' commercial hub," described the global architecture and consulting firm
The developer of the megatower is Tradewinds Corporation Berhad, the real estate arm of Tan Sri Syed Mokhtar Al-Bukhary
Although the news of the project dates as far back as 2011, when the buildings situated on the land were demolished, many people may not have been aware of it until today.
Facebook page ASEAN Skyline highlighted the project in a post last Friday, 25 November, and it went viral with over 2,100 shares.
Many netizens were unhappy about the project, saying the country should give more attention to other infrastructure, such as affordable housing, flood mitigation systems, medical facilities, and public transport, among others.