Astaka Padu and Saling Syabas to jointly develop Bukit Pelali project

With a gross floor area of approximately 445,848 sq ft, Menara MBJB will be located within Astaka’s One Bukit Senyum.

Targeted for completion in 2021, One Bukit Senyum is an upcoming administrative and commercial hub that will serve as Johor Bahru’s central business district.

“A major transformation is under way to rejuvenate Johor Bahru. This will potentially attract a lot of new investments to Johor’s capital city, create jobs and encourage more people to live and work here,” said Johor Bahru mayor A Rahim Nin.

“MBJB’s relocation is part of this transformation and we are very much looking forward to our new premises at Menara MBJB,” he added.

“We are honoured to play a role in Johor’s transformation into a metropolis of the region,” said Astaka chief executive officer Datuk Zamani Kasim.

Comprising mostly residential units and commercial shop lots, the Bukit Pelali project will also represent Astaka Padu’s second most important project after its flagship development, One Bukit Senyum, which will be the new administrative and commercial hub of Johor Bahru, adjoining Singapore.

According to Astaka Padu, the Bukit Pelali project is in line with the group’s strategy to reduce business risks associated with a single development project and diversify the group’s current project development portfolio. The project is expected to commence in 2017.

“We are confident that the Bukit Pelali project will lift Astaka’s profile as a leading integrated property developer just as One Bukit Senyum has done. We will focus on a high-quality product which will set a standard for such developments in this region,” said Astaka Padu’s Zamani.

Meanwhile, Daing said: “Bukit Pelali is a major second project after One Bukit Senyum which underscores Astaka Padu’s commitment to enhance shareholder value by rapidly securing and executing quality projects with significant potential.

“Demand for the project is expected to be strong considering the scope and scale of activities in Pengerang,” he said.

 

Source: Edge Prop