Oakwood announced the signing of a management agreement with PNB Merdeka Ventures Sdn Berhad (PMVSB) to debut the Oakwood Premier brand of luxury serviced residences at the Malaysian capital’s iconic Merdeka 118 precinct.

The new landmark is set to redefine Kuala Lumpur’s skyline, crowned as the world’s second tallest and Southeast Asia's tallest building soaring 118 storeys at the height of 644 metres upon completion.

Oakwood Premier Kuala Lumpur will occupy one of the residential towers within the Merdeka 118 development featuring 348 serviced residences with one-, two- and three-bedroom categories. With spacious living spaces of up to 120 square metres in size, Oakwood Premier Kuala Lumpur will cater to both business and leisure guests.

“In Kuala Lumpur’s most prestigious new development, Oakwood Premier will deliver our distinctive brand of residential lifestyle for discerning guests who seek indulgence and style without compromising on hospitality excellence,” said Dean Schreiber, chief executive officer of Oakwood. “Our inaugural partnership with PNB sets a new benchmark at the pinnacle of luxurious living for guests in Malaysia’s capital.”

In line with Oakwood’s renowned concept combining thoughtful amenities and guest services, Oakwood Premier Kuala Lumpur will offer peace of mind in a personal sanctuary. Proposed facilities include an all-day dining restaurant/bar, executive club lounge, residents’ lounge, meeting facilities, fitness centre, swimming pool and children’s playroom.

Scheduled to open in December 2024, Oakwood Premier Kuala Lumpur will be the group’s second property in the city, following Oakwood Hotel & Residence Kuala Lumpur. It joins a rapidly expanding portfolio of Oakwood Premier properties in Bangalore, Guangzhou, Hangzhou, Incheon, Jakarta, Melbourne, Phnom Penh, Singapore, Seoul and Tokyo with more in the pipeline.

“Oakwood Premier is a leader in premium residential services and with this comes its signature hallmark of comfort and convenience. PNB is confident that the Oakwood Premier brand will enhance the appeal of the Merdeka 118 development,” said Ahmad Zulqarnain Onn, President & Group Chief Executive of PNB group. “Oakwood Premier Kuala Lumpur complements Merdeka 118’s mix of components, creating a desirable place to work, live and socialise in with fully activated, well thought out spaces for our visiting guests and resident community. We are delighted to welcome this celebrated brand of premium serviced residences to the Merdeka 118 precinct family.”

Oakwood Premier Kuala Lumpur will complement Merdeka 118’s vision for work, retail, living and public spaces. This unique precinct is integrated to offer a thriving core of commerce, culture and heritage. With the highest observation deck in Southeast Asia, the giant mixed-use commercial and residential development, that is surrounded by four acres of greenery and open spaces, is anticipated to attract business and leisure travellers from around the world. Overlooking Stadium Merdeka, Malaysia’s national treasure and a UNESCO heritage site where the country’s independence was declared in 1957, the precinct occupies the former Merdeka Park (Taman Tunku) and is directly linked to Kuala Lumpur’s MRT, with the Merdeka Mass Rapid Transit station already in operation.

The Merdeka 118 tower will be the first tower in Malaysia to achieve both local and international triple green platinum accreditations, namely the Green Building Index (GBI), Green Real Estate (GreenRE) and Leadership in Energy and Environmental Design (LEED).