Astaka held a groundbreaking ceremony for the commencement of Aliva’s construction on April 18.
Integrated property developer Astaka has awarded a RM150 million ($42.6 million) construction contract to Kimlun Sdn Bhd. Kimlun is a subsidiary of Bursa-listed engineering and construction group in Malaysia, Kimlun Corporation Berhad.
The contract will see Kimlun taking on the role of main contractor for Aliva, a 499-unit development located in Mount Austin, Johor Bahru, by Astaka. The project has an estimated gross development value of RM254 million. Units range from 595 sq ft to 1,075 sq ft. It is positioned to target the premium market segment in Mount Austin. The project is slated to be completed in the fourth quarter of 2026.
