Astaka & CapitaLand Unveil RM2.1b Final Phase of One Bukit Senyum in Johor Bahru

Johor Bahru, 2025 – Astaka Holdings Limited (SGX:42S) has announced the commencement of Phase 3 of One Bukit Senyum, the group’s landmark integrated development in Johor Bahru, with a total gross development value (GDV) of RM2.1 billion. The final phase, developed in partnership with CapitaLand Investment Limited (CLI), will deliver a vibrant mix of residences, retail, and hospitality assets to strengthen Johor Bahru’s position as a new central business district.

Phase 3 Development Highlights

• Phase 3A – Arden@One Bukit Senyum

  • Premium residential tower, GDV: RM800 million

  • Launched in March 2025, with an 80% take-up rate

  • Completion expected in 2030

• Phase 3B – Mixed-use Cluster

  • 300,000 sq ft lifestyle retail mall

  • 250-room five-star luxury hotel

  • 300 branded residences

  • GDV: RM1.2 billion

  • Construction begins 2026, completion by 2030

• Phase 3C – International F&B Hub & Sales Gallery

  • Details and timeline to be confirmed

With Phase 3, the total GDV of One Bukit Senyum reaches RM3.6 billion across its 11.85-acre site. Earlier components include The Astaka twin towers (Phase 1, completed 2018) and Menara MBJB, Johor Bahru City Council HQ (Phase 2, completed 2020).

Strategic Location Advantage

Positioned just 600 metres from the upcoming RTS Link station and 800 metres from the Johor Bahru CIQ checkpoint, One Bukit Senyum is set to benefit significantly from the Johor-Singapore Special Economic Zone (JS-SEZ). The development is expected to capture growth from cross-border trade, retail, and tourism, further reinforcing Johor Bahru’s transformation into a world-class urban hub.

Leadership Comments

Astaka Holdings CEO Allen Khong said that the launch of Phase 3 marks the culmination of a decade-long vision to establish One Bukit Senyum as Johor Bahru’s new CBD and a benchmark for integrated developments in the region.

CLI CEO Ervin Yeo added that CapitaLand’s involvement aims to create a dynamic retail and lifestyle ecosystem, designed to attract both local residents and cross-border visitors while tapping into the strong economic potential of the JS-SEZ.