<div><div><p>[SINGAPORE] CapitaLand Investment (CLI) will provide retail advisory services to Malaysian property developer Astaka Holdings for a new mixed-use project in Johor worth RM1.2 billion (S$364.5 million) in gross development value.</p><p>The project will comprise a lifestyle mall with 300,000 square feet of net lettable area, a five-star hotel with 250 rooms and 300 residential units, Astaka and CLI announced in a press release on Tuesday (Aug 19) evening.</p><p>It is part of the third phase of One Bukit Senyum, an integrated development unveiled in 2014 and touted as Johor Bahru’s new central business district.</p><div><div><div><div id="dfp-ad-imu1"></div></div></div></div><p>CLI will advise Astaka on asset planning and the pre and post-opening stages of the project. Both companies inked a retail service advisory agreement on Tuesday, witnessed by Johor Chief Minister Onn Hafiz Ghazi.</p><p>Astaka chief executive Allen Khong noted that cross-border travel and retail activity are expected to increase with the formation of the Johor-Singapore Special Economic Zone (SEZ). </p><p>“We expect One Bukit Senyum to be a key beneficiary of these trends, thanks to our strategic location bordering Singapore and close proximity to the upcoming RTS Link,” he said, in reference to the Rapid Transit System that will connect Johor Bahru to the Republic.
</p><div><div><div><div id="dfp-ad-midarticlespecial"></div></div></div></div><p>Ervin Yeo, chief executive of commercial management at CLI, said that the company hopes to create a retail experience that appeals to both Johor residents and tourists. 
</p><p>Onn Hafiz noted that both companies’ partnership aligns with the Johor government’s efforts to raise cross-border business collaboration.</p><p>“We look forward to more private sector partnerships that will boost cooperation between Johor and Singapore across economic sectors, ultimately supporting the success of the Johor-Singapore SEZ,” he added.</p><div><div><div><div id="dfp-ad-imu2"></div></div></div></div><p>Astaka shares ended Tuesday flat at S$0.058, while CLI shares were up 1.1 per cent at S$2.70. </p></div><div>CapitaLand InvestmentastakaJohor-Singapore SEZ</div><div><section><section><p>Share with us your feedback on BT's products and services</p><div>Feedback</div></section></section></div><div><div><div><div id="dfp-ad-imu3"></div></div></div></div></div>

<p>凯德投资（CLI）将为马来西亚开发商 Astaka Holdings 提供顾问服务，协助其在柔佛进行一项价值 12 亿马币的综合项目，该项目包括一个生活方式购物中心、一家五星级酒店和住宅单元。该项目是 “一个 Bukit Senyum” 开发计划的一部分，旨在因应柔佛 - 新加坡特别经济区的设立，提升零售活动。两家公司签署了零售服务顾问协议，预计跨境旅行的增加将有利于该项目。Astaka 的股价保持平稳，而 CLI 的股价上涨了 1.1%</p>

凯德投资将为马来西亚开发商 Astaka 提供零售策略建议，针对柔佛州价值 12 亿令吉的开发项目