Astaka Holdings Begins Construction on Johor Bahru’s Second Tallest Skyscraper

The latest update is out from Astaka Holdings Ltd. ( (SG:42S) ).

Astaka Holdings Limited, in partnership with Kimlun Corporation Berhad, has commenced construction on Arden, a 68-storey premium serviced residence in Johor Bahru. This development, part of Phase 3 of One Bukit Senyum, is set to be the second tallest building in the city and is expected to enhance Johor Bahru’s skyline with its iconic design. With a gross development value of RM800 million, Arden will feature 618 units and hotel-grade amenities, targeting high demand from foreign buyers. The project is scheduled for completion by 2030 and is envisioned to become a landmark within the Johor-Singapore Special Economic Zone.

More about Astaka Holdings Ltd.

Astaka Holdings Limited is a leading integrated property developer based in Johor, Malaysia. The company focuses on developing premium residential and commercial properties, with a significant market presence in the Johor-Singapore region. Astaka is known for its flagship development, One Bukit Senyum, which includes the tallest building in Johor Bahru, The Astaka.

Average Trading Volume: 50,000

Technical Sentiment Signal: Buy

Current Market Cap: S$108.4M

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