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...
Tropicana Corporation is poised to scale up its expansion in Johor, Malaysia, as it aims to unlock 800 acres of premium landbank with a gross development value (GDV) of RM43 billion ($12.3 billion). The move comes in the wake of positive developments in Johor, including significant foreign direct investment, revived high-speed rail plans, and the designation of special economic zones. Tropicana...
IOI Properties Group Bhd, a renowned property developer, is embarking on an acquisition journey with plans to purchase the illustrious W Kuala Lumpur (W KL) hotel located in Jalan Ampang, Kuala Lumpur, for a total consideration of RM270 million in cash. This strategic move is set to enhance IOI Properties' diverse portfolio and strengthen its presence in the luxury hospitality sector. The proposed...
Tropicana Alam has revealed its latest property gallery, spanning 3,600 square feet, and experienced an overwhelming response during its opening weekend, with over 600 early bird registrants showing keen interest. This expansive development, covering 362 acres, represents a unique fusion of heritage and nature, featuring eight remarkable attributes, as highlighted in a press release by Tropicana Corp Bhd....
Tropicana Cenang at Langkawi is making waves with its latest development, the Merissa Serviced Suites. After the impressive success of the first phase, Assana Serviced Suites, which saw a remarkable 90% take-up rate, Tropicana Corp Bhd is now introducing the Merissa Serviced Suites. Situated right on the beautiful Pantai Cenang beachfront, Tropicana Cenang offers breathtaking views of the Andaman Sea. The...
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