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Astaka Holdings Limited > About Us

History

Founded in Johor Bahru in 1993, Astaka Padu Sdn Bhd began with a vision to shape city skylines and deliver developments of lasting value. This vision took a significant leap in 2015 when the Group was listed on the Singapore Exchange (SGX:42S) as Astaka Holdings Limited.

Our first landmark, The Astaka @ One Bukit Senyum, the tallest residential towers in Southeast Asia, established Astaka as a pioneer of luxury high-rise living. Building on this success, the Group expanded its portfolio with large-scale townships such as Bukit Pelali @ Pengerang and vibrant city residences like Aliva Mount Austin. Today, our upcoming Arden Serviced Residence continues this legacy as part of the iconic One Bukit Senyum masterplan.

Astaka is actively seeking new investment opportunities and potential real estate acquisitions, particularly high-profile or strategically-located land banks, to increase its portfolio of iconic projects across the region. Our journey is one of constant transformation, creating not just buildings, but destinations that define Johor Bahru’s future.

Milestone

Astaka Holding

2003

Astaka Padu Sdn Bhd made its foray into property development through applications to develop plots of land in Iskandar.

2013

Grand launch and construction of The Astaka @ One Bukit Senyum, named tallest residential twin towers in Southeast Asia.

2014

Astaka Padu Sdn Bhd undertook a restructuring exercise; Astaka Padu Limited became the holding company of Astaka Padu Sdn Bhd.

2016

28 August 2016: Unveiled masterplan for One Bukit Senyum officiated by Sultan of Johor.

3 October 2016: Entered into a joint venture to develop Bukit Pelali @ Pengerang.

28 November 2016: Secured RM308 million agreement to develop Menara MBJB.

1993

Astaka Padu Sdn Bhd was founded in Johor Bahru, Malaysia, by Dato’ Dr. Daing A Malek Bin Daing A Rahaman.

2012

Astaka Padu Sdn Bhd acquired land and commenced implementation plan for One Bukit Senyum, appointing GDP Architects to develop The Astaka @ One Bukit Senyum.

2015

Renamed Astaka Holdings Limited following listing on Singapore Exchange via the reverse takeover of E2-Capital Holdings Limited.

The Astaka @ One Bukit Senyum was awarded:
  • Best Condo Development (Malaysia) by South East Asia Property Awards (Malaysia) 2015.
  • Best Luxury Condo Development (South Malaysia) by South East Asia Property Awards (Malaysia) 2015.
  • People's Choice Awards for Best Luxury High Rise Development by iProperty.

2017

21 May 2017: Grand launch of Bukit Pelali @ Pengerang by Sultan of Johor.

26 July 2017: One Bukit Senyum conferred node status.

2019

8 October 2019: Phase 1A of Bukit Pelali @ Pengerang received Certificate of Completion and Compliance.

11 December 2019: Menara MBJB received Certificate of Completion and Compliance.

The Astaka @ One Bukit Senyum was awarded:
  • Best Residential High-Rise Development and Most Inspiring New Developer 2019 by Des Prix Infinitus ASEAN Property Awards Malaysia.
  • Best Residential High-Rise Development in Malaysia 2019 by ASIA Pacific Property Awards.

2021

26 November 2021: Menara MBJB was awarded Green Building Index by Malaysia Green Building Index (GBI) Accreditation Panel.

13 December 2021: Astaka Holdings Limited to provide Project Marketing Consultancy Services to Active Estates Sdn Bhd.

2022

24 January 2022: Memorandum of understanding entered into with DMR Holdings Sdn Bhd to jointly develop approximately 42 acres of land in Johor, Malaysia with a total estimated gross development value (“GDV”) in the region of RM1 billion.

19 April 2022: Joint development agreement entered into with Straits Perkasa Services Sdn Bhd to jointly develop a mixed-used commercial development project.

2018

26 June 2018: The Astaka @ One Bukit Senyum received Certificate of Completion and Compliance.

27 August 2018: Appointment of Holiday Villa Hotels & Resorts Sdn Bhd to operate hotel at Bukit Pelali Project in Pengerang, Johor.

2020

1 January 2020: Officially handed over the fully completed Menara MBJB to Johor Bahru’s City Council, a year ahead of schedule.

15 August 2020: Menara MBJB was awarded Best New Green Institutional Building in Leadership in Sustainability Awards 2020 by Malaysia Green Building Council.

17 November 2020: Phase 2A & 2B of Bukit Pelali @ Pengerang received Certificate of Completion and Compliance.

10 December 2020: Phase 1B of Bukit Pelali @ Pengerang received Certificate of Completion and Compliance.

2023

31 May 2023: Entered into shareholders agreement with Seaview Holdings Sdn Bhd, to incorporate a joint venture company, Astaka Capital Sdn Bhd, to undertake property and real estate development business in Malaysia, including, inter alia, the development of Phase 3 of One Bukit Senyum land.

15 November 2023: Signed a sale and purchase agreement with Straits Perkasa Services Sdn Bhd, in accordance with the terms of the joint development agreement previously entered into on 19 April 2022, for the purchase of land in respect of the Aliva @ Mount Austin (the “Aliva”) project development.

2024

18 April 2024: Groundbreaking ceremony for the Aliva project, with an estimated GDV of RM254 million. Aliva features hotel-style management services and facilities, and the project is slated for completion in the fourth quarter of 2026.

15 July 2024: The Astaka @ One Bukit Senyum has received The Edge Best Managed & Sustainable Property Awards 2024.

25 October 2024: Aliva has been honored with the prestigious The Best Premium Lifestyle High Rise Development award, and Astaka Padu Sdn Bhd has been recognised as the Best Lifestyle Developer at the Property Guru Asia Awards Malaysia 2024.

13 November 2024: Entered into a Subscription and Shareholders' Agreement with Kimlun Corporation Bhd through its wholly-owned subsidiary Kii Amber Sdn Bhd to incorporate a joint venture company, Astaka Kimlun Sdn Bhd to undertake the development of a residential serviced apartment, Arden @ One Bukit Senyum, being the first project under Phase 3 of One Bukit Senyum.
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Leadership Team

Leadership Team

Board of Directors

Mr. Lai Kuan Loong, Victor

Non-Executive Chairman and Independent Director

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Mr. Khong Chung Lun

Executive Director and Chief Executive Officer

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Mr. Lee Gee Aik

Non-Executive and Non-Independent Director

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Dato’ Sri Mohd Mokhtar Bin Mohd Shariff

Non-Executive and Independent Director
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Ir. Hj. Syarul Izam Bin Hj. Sarifudin

Non-Executive and Non-Independent Director

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Leadership Team

Management Team

Ms. Ang Siew Peng

Chief Financial Officer

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