KL360 replaces stalled Skywheel with a sky deck and cliff pool

KL360 is rising on the site of the stalled M101 Skywheel project in Kuala Lumpur. The 61-storey tower will have a sky deck, a cliff-edge pool and a glass sky slide.

Developer GD Properties broke ground on the RM1.37 billion project on 6 June. It stands beside Raja Uda MRT station on Jalan Tun Razak, with access to TRX, KLCC and Bukit Bintang.

Here is what will be built, what happened to the old project and what it means for buyers.

KL360: What will be built

First, the homes. The tower will have 785 serviced apartments in 25 layouts, from 450 to 920 sq ft. Prices start at RM884,400.

Next, the workplace and shops. There will be 221 office suites and 20 retail units.

Also, the project has 40 wellness, fitness and lifestyle facilities.

Then come the sky features. These include a 25,000 sq ft sky deck, a 60 m cliff-edge pool and a sky water play zone.

A glass sky slide is also planned. It is expected to be among the longest in Malaysia.

Besides, VERITAS Design Group is the architect, and China State Construction Engineering (M) is the main contractor.

Together, the plans mix homes, offices and shops in a single block.

Overall, this is GD Properties’ first venture into the Klang Valley market.

What happened to Skywheel

First, the original plan. M101 Holdings launched the project in 2017. It was a twin-tower scheme built around a ferris wheel high in the upper floors.

The original design came from Studio F. A. Porsche, and early plans included a Planet Hollywood Suites component.

Early reports said more than 60% of sales agreements were signed on launch day.

However, work stalled. COVID-19, construction delays and financial constraints were cited as the causes.

Then GD Properties stepped in. It reportedly took over the project about two years ago.

Also, a recovery scheme won the approval of most buyers. The High Court endorsed it in 2024.

Meanwhile, the housing ministry had set up a task force for sick and abandoned projects in 2023. It says it has revived more than 1,500 such projects since then.

Who is involved and what buyers get

Housing and Local Government Minister Nga Kor Ming officiated at the groundbreaking.

GD Properties group chief executive officer Ng Khoon Haur was also there. So was deputy chairman Datuk Wong Seng Tong.

China State Construction Engineering (M) general manager Xu Xiao Bing attended too.

First, the numbers. A total of 337 buyers hold sale agreements worth more than RM306 million, the ministry said.

Nga said the aim is that every sen paid by buyers goes into the promised project. The homes are to be delivered on schedule.

Next, the money. Bank Rakyat has reportedly signed a letter of agreement to finance RM182 million.

Also, talks are continuing with eight to 10 more banks for the end-financing panel.

However, details of what existing buyers will receive have not been published.

Still, the target for KL360 is completion in 2030.

Elsewhere in the city centre, 118 Mall opened on 1 November.

The old Skywheel site is now one more project to watch.

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