Astaka Holdings Limited announced the award of a MYR 150 million construction contract to Kimlun Sdn Bhd. Kimlun, a wholly owned subsidiary of the Bursa-listed company, Kimlun Corporation Berhad, is a renowned engineering and construction group in Malaysia with a track record of over 200 completed projects and extensive experience in large-scale real estate and infrastructure developments. Kimlun will take on the role of the main contractor for Aliva.

With an estimated gross development value of MYR254 million, Aliva will have a total of 499 units with built-ups ranging from 595 sq ft to 1,075 sq ft and is strategically positioned to target the premium market segment in Mount Austin, a bustling township in Johor Bahru. The development is slated for completion in the fourth quarter of 2026 ("Q4 2026"). On April 18, 2024, Astaka held a groundbreaking ceremony to witness the commencement of the construction of Aliva with the presence of key project partners.

Since the commercial launch of Aliva in December 2023, the project has achieved a remarkable take-up rate of 70%. Since the commercial launch of Alivun in December 2023, the projects has achieved a remarkable take- up rate of 70%.