As Tan Lih Ru, associate director of the Johor Branch of Knight Frank, explains: "Johor Bahru has in recent years witnessed the debut of a few upscale residential developments. Luxury landed residential properties in the state have continued to attract local and foreign high net worth individuals (HNWIs), with the sub-sale prices generally outperforming the high-rise residential segment."
For properties with the highest prices, Tan states that these upscale residential properties generally form part of golf course communities or waterfront developments. As for the premier high-rise residential development, transactions at The Astaka @ One Bukit Senyum match its status as the tallest landmark in Johor Baru with the highest prices.
To illustrate this, Tan highlights the top five transacted residential enclaves in Johor Bahru between 2021 to 2022.
1. The Astaka @ One Bukit Senyum
Sold: 4 bedroom units at RM2.659 million and RM2.8 million, freehold
One Bukit Senyum is a mixed development located at the fringe of Johor Bahru city centre. Sited adjacent to the customs, immigration and quarantine (CIQ) complex, it is home to one of the tallest residential towers in Southeast Asia. Standing at 1,000 ft above sea level, The Astaka is exclusively managed by Knight Frank Property Management Sdn Bhd.
The Astaka is the first phase of One Bukit Senyum and features two blocks of serviced apartments that rise to 65 and 70 storeys high. Completed in 2018, The Astaka, which comes with bespoke concierge service, offers 435 units of high-end residences sized at 2,207 sq ft, 2, 217 sq ft and 2,659 sq ft. The units come with premium-grade marble flooring for the living room and dining areas, and timber flooring for bedrooms.