JOHOR BAHRU, 14 October 2025 – Astaka Holdings Limited (SGX:42S) (“Astaka” or together with its subsidiaries, the “Group), a leading integrated property developer based in Johor, Malaysia, has officially appointed Knight Frank Property Management Sdn Bhd (KFPM) as the property manager for its upcoming landmark development, Arden Serviced Residence @ One Bukit Senyum (“Arden”) today. The appointment was formalised at a ceremony, marking the start of a strategic partnership between Astaka and KFPM to deliver world-class property management services that enhance the value, sustainability, and liveability of Arden, while ensuring a seamless experience for its residents and stakeholders.
The appointment was formalised at a ceremony, marking the start of a strategic partnership between Astaka and KFPM to deliver world-class property management services that enhance the value, sustainability, and liveability of Arden, while ensuring a seamless experience for its residents and stakeholders
With a gross development value of RM800 million, Arden is set to redefine Johor Bahru’s skyline. Standing at 68 storeys and 260 metres high, it will be the city’s second tallest building and an architectural landmark in the Iskandar region. Arden comprises 618 high-end serviced residences ranging from 797 sq. ft. to 1,700 sq. ft., with an average price of RM1,300 to RM1,500 per sq. ft.
Designed to provide a hotel-inspired lifestyle, Arden features over 50 curated facilities, including sky dining, KTV lounge, family and child-friendly spaces, co-working areas, and even an indoor golf simulator. One of its most distinctive offerings is the Hotel Stay Management programme, which allows property owners to participate in a professionally managed short-term rental scheme, offering upkeep, housekeeping, and guest services — a model that has drawn strong interest from international buyers.
Allen Khong, Executive Director and Chief Executive Officer of Astaka Holdings Limited, said, “We are delighted to be partnering with Knight Frank Property Management, a trusted name in property management, once again. They have successfully managed The Astaka and Aliva Mount Austin, and were instrumental in helping The Astaka win The Edge Best Managed & Sustainable Property Awards 2024 — a recognition we are very proud of. With that track record, we have full confidence in entrusting them with Arden, knowing it will be managed with the same standards of care, quality and efficiency our homeowners deserve.”
Khong added, “Beyond operational excellence, this collaboration reflects our shared commitment to shaping Johor Bahru’s future. We look forward to working with Knight Frank on more developments that build vibrant communities and deliver lasting value to our stakeholders.”
Kuruvilla Abraham, Managing Director of Knight Frank Property Management, added “We are honoured to be appointed once again by Astaka to manage another of their prestigious development called Arden Serviced Residence. A development of this scale and prestige requires not only operational excellence but also a focus on innovation and sustainability. KFPM is honoured to be appointed as the preferred property manager of this upcoming development and continue to provide our professional service to enhance Arden’s value and enriche the residents’ lifestyle commensurate with luxury living in Johor Bahru.”
Astaka, together with its joint venture partner, Kimlun Corporation Berhad (KLSE:5171), commenced construction of Arden in May 2025. The development has already achieved an impressive 80% sales take-up rate since its official launch in March 2025 and is targeted for completion by 2030.
The partnership between Astaka and KFPM underscores both organisations’ shared commitment to quality, sustainability, and community-building, ensuring that Arden not only reshapes Johor Bahru’s skyline but also sets new standards for urban living.
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