Astaka Holdings, in partnership with CapitaLand, is launching the final RM2.1 billion phase of One Bukit Senyum in Johor Bahru

Astaka Holdings partners with CapitaLand to launch RM2.1b Phase 3 of One Bukit Senyum, Johor Bahru

Astaka Holdings Limited (SGX:42S) has announced the launch of Phase 3 of its flagship One Bukit Senyum integrated development in Johor Bahru, with a total GDV of RM2.1 billion. The phase includes Arden @ One Bukit Senyum (RM800m residential skyscraper, 80% sold), and a RM1.2b mixed-use project featuring a 300,000 sq ft lifestyle retail mall, a 250-room 5-star hotel, and 300 branded residences. To strengthen its retail strategy, Astaka has partnered with CapitaLand Investment Limited (CLI), which will provide advisory support from planning to operations.

Strategically located within the upcoming Johor-Singapore Special Economic Zone (JS-SEZ) and just 600m from the RTS Link, One Bukit Senyum is poised to become Johor Bahru’s new central business district. The overall project carries a GDV of RM3.6b, with Phase 1 (The Astaka twin towers) completed in 2018 and Phase 2 (Menara MBJB City Council HQ) completed in 2020.

Astaka’s CEO Allen Khong said the final phase marks the realisation of a decade-long vision to transform Johor Bahru into a world-class residential, commercial, and retail hub. CLI CEO Ervin Yeo added that the partnership aims to deliver a vibrant retail experience for locals and cross-border shoppers, capitalising on the growth opportunities from the JS-SEZ.

• Phase 3A (Arden @ One Bukit Senyum): Residential skyscraper, GDV RM800m, launched in March 2025 with 80% take-up, completing in 2030.

• Phase 3B: 300,000 sq ft retail mall, 250-room 5-star hotel, 300 branded residences. Construction begins 2026, completion 2030. GDV RM1.2b.

• Phase 3C: Sales gallery and international F&B hub (timeline TBC).

• Total GDV Phase 3: RM2.1b.

• Overall GDV (all phases): RM3.6b.

Strategic Importance:

• One Bukit Senyum (11.85 acres) aims to be Johor Bahru’s new CBD.

• Location: 800m from CIQ, 600m from RTS Link, within Johor-Singapore Special Economic Zone (JS-SEZ)..                                                                                                          Expected to benefit from cross-border trade, tourism, and retail growth.

The property you may intersted 

1. Arden@OBS 




2. The Astaka@OBS



_______________________________________________

  Source and Image credit  : Astaka Launches RM1.2 billion GDV Mixed-Use Development, Forms Strategic Partnership with CapitaLand Investment as Retail Advisor 
https://www.capitaland.com/en/about-capitaland/newsroom/news-releases/international/2025/august/AstakaCLIpartnership.html