Tropicana

Tropicana Gardens' Edelweiss Celebrates 100% Take-Up and Topping-Off Event Tropicana Gardens, a transit-oriented development (TOD) in Tropicana Indah, has reached a milestone with the 100% take-up of Edelweiss Serviced Residences and a topping-off ceremony for Edelweiss SOFO and Shoppes. This marks the success of the seventh phase of the project, developed by Tropicana Corp Bhd in collaboration with The...

Tropicana Corporation Bhd (Tropicana) is gearing up to soft-launch two of its significant developments in Johor—Lido Waterfront Boulevard in Johor City Centre and Fraser Hills in Tropicana Uplands, Gelang Patah—in the coming months. These projects reflect Tropicana's strategic expansion in response to the growing demand in Johor's property market, particularly after the announcement of the...

Tropicana Corporation Berhad, a prominent Malaysian property developer, has announced the disposal of a substantial 68.457-acre freehold land parcel in Johor Baru, Johor, to the Japanese multinational information technology service and consulting firm, NTT Data Group. The transaction, valued at RM383.13 million, is a strategic move by Tropicana to unlock the value of its land assets, providing the company...

Tropicana Indah Sells Tropicana Gardens Mall and Other Assets to IOI Properties for RM1.1 Billion Tropicana Indah Sdn Bhd, an indirect 70%-owned subsidiary of Tropicana Corporation Bhd, has signed a sale and purchase agreement with IOI Mall Damansara Sdn Bhd, a wholly-owned subsidiary of IOI Properties Group Bhd, for the sale of Tropicana Gardens Mall for a total consideration of RM680...

When it comes to choosing a property that embodies both a lucrative investment and a serene getaway, Tropicana Cenang in Langkawi stands out as a compelling choice. Situated in the heart of the island's most vibrant beach town, Pantai Cenang, this development offers both investors and vacationers the perfect blend of luxury, convenience, and profitability. Strategic Investment Opportunities Investing...

In a strategic pivot reflecting the evolving priorities and market conditions, Tropicana Corp Bhd and Pantai Kok Resort Development Bhd have mutually decided to terminate their joint development agreement (JDA) for a 44.61-acre land parcel in Padang Mat Sirat, Langkawi. This decision, disclosed in a recent filing with Bursa Malaysia, underscores both entities' responsive approach to the dynamic real estate...

Tropicana Gardens has been honored as the best mixed-use development in Malaysia at the prestigious FIABCI Malaysia Property Award 2023. This accolade celebrates the integrated development's exceptional blend of residential, retail, and office components, set within the vibrant Tropicana Indah township on a sprawling 17.6-acre plot in Kota Damansara. Since its inception in 1996, Tropicana Indah has...

Tropicana Corp Bhd is set to enhance its property portfolio with the acquisition of a leasehold land in Kota Damansara, Selangor, for RM224 million. Positioned for residential development, the 7.79-acre site is planned to host four to five towers of serviced apartments, eyeing an estimated gross development value (GDV) of approximately RM2.8 billion. This strategic move aims to capitalize on the success of...

In a strategic move, Tropicana Macalister Avenue (Penang) Sdn Bhd, a wholly-owned subsidiary of Tropicana Corp Bhd, has inked a sale and purchase agreement with IOI PFCC Hotel Sdn Bhd, part of IOI Properties Group Bhd, divesting Courtyard by Marriott Penang for a total of RM165 million. The transaction, based on a willing buyer-willing seller basis, is set to generate an approximate surplus cash of RM80.8...

Tropicana Corp Bhd announced unaudited financial results for the third quarter ended Sept 30, 2023, with revenue reaching RM402.8 million. This represents a significant increase of RM81.1 million or 25.2% compared to the same quarter in the previous year when revenue stood at RM321.6 million. The group also reported a profit before tax (PBT) of RM24 million, a nearly five-fold increase from RM5 million in...