The tallest residential tower in the country peaking at 304m above sea level will be constructed here in the next four years.
Each unit is expected to be valued at between RM2mil and RM8.45mil. Prices will start from RM900 per sq feet.
It will be built at the site of the current Hockey Stadium and Johor Baru Indoor Stadium.
The project, to be developed by Astaka Padu Sdn Bhd, will have a first phase of mixed development which includes two condominium towers, one with 70 floors and the other with 65 floors.
“The Astaka @ 1 Bukit Senyum will be the tallest residential building in the country,” its chief executive officer Datuk Zamani Kassim said at the signing ceremony for the construction of The Astaka between Astaka Padu and Penta Ocean Construction Co Ltd, a Japanese construction company.
The ceremony was witnessed by Johor Mentri Besar Datuk Seri Mohamed Khaled Nordin.
Zamani said the location of the whole development was “very convenient as it only takes about two minutes to get to the Bangunan Sultan Iskandar Customs, Immigration and Quarantine complex (CIQ).”
Residents would also be able to enjoy the various facilities in the town centre just five minutes away, he said.
The Astaka, he said, would be developed on a plot of freehold land covering 0.98ha with an average floor area of 1,803,452 sq ft.
“The towers will house 438 luxury suites including penthouse duplexes. The units will have a large built-up area ranging from 2,207 sq ft to 5,408 sq ft and each floor will house only four units.
“The good news is that we have managed to get buyers for about 60% of the towers and about 80% of them are Singaporeans,” he said, adding that the development was catered for a niche market targeting luxury residences.
Zamani said that residents would also have a view of the sea from each unit and the building would also be equipped with an infinity pool, a gym, personal spa rooms and a children’s swimming pool.
Penta Ocean Construction has been involved in various projects in the region including the building of the ION Orchard and the 56-storey Orchard Residences Tower in Singapore.
Zamani said that the construction of the towers would begin on July 31 and is targeted for completion in 2017.
“1 Bukit Senyum is our maiden development.
“It is also the most challenging one as we are going to build the tallest residential tower in the country.
“With such a great mission, we have decided to work with only the best architect and contractor in the region and both GDP Architects and Penta Ocean are known for their great skills, on-time delivery of projects and attention to quality,” he said.