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...
Merissa Serviced Suites, developed by Tropicana Cenang, is a prestigious offering of 60 prime seafront residences nestled along the pristine shores of the world-renowned Cenang Beach in Langkawi. This property marks a harmonic blend of exquisite island living and modern architectural elegance, providing a sublime retreat for those seeking a beachfront abode or a lucrative investment opportunity in...
Tropicana Corp Bhd has successfully completed a RM2.5 million renewal project for the Pantai Kok Rest and Recreation (R&R) center in Langkawi. This initiative was carried out in collaboration with the Langkawi Municipal Council Tourism City, aimed at enhancing facilities and supporting the local tourism sector. The renewal project encompassed several improvements, including: Commercial Lots:...
Tropicana Corporation Berhad possesses an extensive landbank totaling 2,091 acres, with a substantial gross development value (GDV) of approximately RM203.7 billion. The company's strategic position allows it to unlock the value of its prime land assets, setting the stage for sustained performance in the coming years. Remaining bullish about the real estate sector, Tropicana is confident that demand will...
Tropicana Corp Bhd is making strides in "Redefining the Art of Highland Living" with the "grand masterplan" for Tropicana WindCity, a sprawling 596-acre integrated development in Genting Highlands. The masterplan includes Tropicana Grandhill and Tropicana Paradise, promising a gateway to safe and thriving neighborhoods with placemaking and sustainability at the core. At the heart of Tropicana Grandhill is...
Tropicana Corp Bhd has achieved remarkable success in its property sales, surpassing its target and reaching RM650 million in the six months ending June 30, 2023 (1HFY2023). The property developer disclosed that property bookings have soared above RM1.3 billion, indicating a strong demand for its developments. In a filing with Bursa Malaysia, Tropicana Corp expressed its confidence in achieving a total...
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