<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>凱德投資（CLI）將為馬來西亞開發商 Astaka Holdings 提供顧問服務，協助其在柔佛進行一項價值 12 億馬幣的綜合項目，該項目包括一個生活方式購物中心、一家五星級酒店和住宅單元。該項目是 “一個 Bukit Senyum” 開發計劃的一部分，旨在因應柔佛 - 新加坡特別經濟區的設立，提升零售活動。兩家公司簽署了零售服務顧問協議，預計跨境旅行的增加將有利於該項目。Astaka 的股價保持平穩，而 CLI 的股價上漲了 1.1%</p>

凱德投資將為馬來西亞開發商 Astaka 提供零售策略建議，針對柔佛州價值 12 億令吉的開發項目