Award-Winning “The Astaka” Condo in Malaysia swaps for FIX digital asset
Super luxury freehold integrated real estate ideally located at the intersection of Singapore and Malaysia. FIX digital asset demonstrates its value in this landmark property transaction.
A freehold luxury apartment at The Astaka, developed by Astaka Holdings Limited (SGX:42S), which won the coveted category for Best Condo Development (Malaysia) at the 6th annual PropertyGuru Asia Property Awards (Malaysia) in April 2019, has been sold with the exchange of FIX digital asset, the A.I.-driven risk-cybernetics digital asset by Finamatrix.AI, which provides cost-efficient transactions and boosts profit margins for millions of transactions integrated on multi-payment gateways. Finamatrix has been appointed as the payment risk-tech partner providing custodian and security services to 50 million users of an association. More details in our next press releases.
The Astaka is a super luxury integrated project located at One Bukit Senyum which will be Johor Bahru’s new central business district comprising a five-star hotel, branded residences, serviced apartments, a shopping mall, an office tower, and the headquarters of Johor Bahru’s City Council, Menara MBJB. The 65-storey and 70-storey luxury serviced apartment towers have been recognised as the tallest residential skyscraper in Southeast Asia in June 2018.
One Bukit Senyum is situated in the special economic zone, Iskandar Malaysia. Only 1 kilometre away from the customs to Singapore, the twin residential towers overlook the Straits of Johor and are centrally located amidst shopping malls, golf resorts and hospitals. The appointed Knight Frank asset management firm provides a complete range of professional property services including round-the-clock security.
Both parties are pleased with the exchange as this transaction will provide diversification benefits, producing attractive expected risk-adjusted returns.