Latest news with #TropicanaCorporationBhd
New Straits Times
23-07-2025
- Business
- New Straits Times
Tropicana Cenang marks 100 per cent take-up for final phase
LANGKAWI: Tropicana Corporation Bhd celebrated a significant milestone for its Langkawi-based Tropicana Cenang development with the topping off of Assana and Merissa Serviced Suites, which have both achieved 100 per cent take-up. The ceremony also marked the official launch of the final phase, Clarissa Serviced Suites, alongside the unveiling of its show unit. Located on 2.13 hectares of freehold land at Pantai Cenang, the integrated, green-certified project is set for completion next year. The first two phases, Assana and Merissa, offer 831 and 60 fully furnished serviced suites, respectively, designed for resort-style living. Assana units range from 380 to 1,310 sq ft, while Merissa features duplex layouts between 1,066 and 1,303 sq ft. Each phase is positioned for premium beachfront access and comes with concierge services. "With such strong demand, we are rolling out our phase three, Clarissa Serviced Suites, together with a brand-new show unit. Our audience is largely savvy homebuyers, business owners, and families looking for holiday homes," said project managing director Allan Wong and managing director for marketing, sales and business development, Ixora Ang. "Tropicana has expanded its foothold to Langkawi for more than a decade now. Langkawi is known for its duty-free status, cultural heritage, and its rich geological history dating back half a billion years, including mountains, islands, and beaches. "We see the huge growth potential and over the years, we have engaged with various stakeholders, showing our support to the community and authority with R&R upgrade, infrastructure enhancement and charity initiatives," they added. FEATURES AND FUTURE PLANS At 40 storeys, Clarissa Serviced Suites comprises 806 fully furnished units and seven Beachwalk Shoppes. Units range from 536 to 1,356 sq ft, including studio to four-bedroom configurations. Designed with a 'tropical elegance' concept, each unit features integrated kitchen and sanitary fittings, smart storage and minimalist resort-style interiors inspired by Langkawi's coastal setting. Key amenities include a seafront infinity pool, rooftop viewing deck, concierge services and direct access to the beach. The development will be managed by T-Journey and aims for GreenRE certification and QLASSIC workmanship assessment. Tropicana Cenang offers a number of key selling points across all three phases: a freehold title, strategic location just nine kilometres from Langkawi International Airport, premium seafront living and proximity to retail, food and leisure offerings. It is set to be the tallest building in Langkawi and aims to serve a growing market of holidaymakers, retirees and investment buyers. As part of its CSR programme, Tropicana has pledged RM200 for every Clarissa unit sold, targeting RM160,000 in donations over three years. Funds will support local schools, families, elderly care and medical initiatives through its Cenang CSR programme. Tropicana also plans to continue its expansion in Langkawi with future developments including Tropicana Lagoon and Tropicana Shores, in line with its mission of building community-focused, sustainable developments. For more information about Tropicana Cenang, visit this website.
New Straits Times
29-05-2025
- Business
- New Straits Times
Tropicana reverses Q1 2024 loss with RM1.3mil net profit in Q1 2025
KUALA LUMPUR: Tropicana Corporation Bhd posted a net profit of RM1.3 million for the first quarter to March 31 2025 to reverse its RM9.1 million net loss a year ago. The company's revenue, however, fell 10.6 per cent to RM260.4 million from RM291.3 million previously. Tropicana, in a statement today, said this was due to the completion of the divestment of several investment properties, resulting in a reduction of recurring income. On a positive note, its finance costs were lower in line with its ongoing strategy to reduce overall debt levels through asset monetisation initiatives. "We will continue to strive forward and strengthen our stakeholder engagements, focusing on value creation as well as establishing strategic marketing and sales campaigns across our online and offline platforms. "We believe that the demand for properties in Tropicana's established, mature and developing townships will persist and that the property market should maintain its positive momentum in 2025," it added. Tropicana said its unbilled sales stood at RM2.1 billion, placing the company in a comfortable position to deliver sustainable earnings. The company said 10 of its development across Malaysia achieved full take-up over the past few months, including Tropicana Miyu, Edelweiss Serviced Residences, Freesia Residences, Gemala Residences, Hana Residences and SouthPlace Residences in the Klang Valley. In the northern and southern regions, Assana and Merissa Serviced Suites in Langkawi, as well as Aster Heights and Summit Commercial Hub in Johor, posted full take-up. Tropicana Alam, the company's latest township at Puncak Alam, introduced its Avisa Residences show units, resulting in a positive 76 per cent take-up for the first phase. Tropicana's current landbank stood at 540.73 hectares, with a total potential gross development value of RM168.4 billion The company said the recent appointment of world-class architectural firm Skidmore, Owings & Merrill to lead the transformation of 65.97 hectares Lido Waterfront Boulevard (LIDO) will add more value, placing LIDO as its most prime piece of land in Johor. "This strong land portfolio positions the group to unlock significant value, drive growth and deliver sustainable performance in the next few years," it added.
The Star
19-05-2025
- Business
- The Star
Upscaling work-life balance in Gelang Patah
A view of Aster Heights, which has recorded a 100% take-up rate. (Left) Visitors getting information at Tropicana Uplands property gallery. TROPICANA Uplands is fast becoming a sought-after address in Gelang Patah, Johor. Designed with sustainability at its core, it stands as one of the landmark townships for Tropicana Corporation Bhd. According to a media release by Tropicana, the 127ha integrated development offers a balanced work-live-learn-shop-play environment. The township is also easily accessible via five highways: the North-South Highway, Pasir Gudang Highway, Iskandar Coastal Highway, Pontian Highway and Second Link Expressway. Summit Commercial Hub and Aster Heights, the project's commercial and residential phases respectively, have achieved 100% take-up, the developer said. Keen purchasers at Tropicana Uplands property gallery. Another residential development, Fraser Heights phase one, recorded 80% take-up as of the first quarter of 2025, Tropicana added. Located within Iskandar Malaysia, Tropicana Uplands is poised to be the new pulse of Johor as it is surrounded by mature residential and commercial properties. 'Since 1979, Tropicana has crafted more than 18 townships anchored by our eight unique development DNAs,' said Tropicana marketing, sales and business development managing director Ixora Ang. 'We are proud to create another thriving township such as Tropicana Uplands, transforming it into a vibrant and desirable address in Johor. 'Summit Commercial Hub is 90% completed and slated to be ready for handover by the second half of 2025. 'Aster Heights, our first completed residential phase, received a high 87% Quality Assessment System in Construction (Qlassic) score.' Ang added, 'Following this overwhelming demand, Fraser Heights phase one was launched with much success, recording 80% take-up within the first quarter of the year. 'We have now unveiled the second phase and will continue to engage with our loyal purchasers.' In line with Tropicana's mantra to 'Redefine the Art of Living', purchasers and investors will get to enjoy a host of attractive features, including practical, well-designed property layouts, superb connectivity, and exclusive access to the 7.7ha Central Park with various recreational amenities. 'Those who missed out on our earlier phases, may register online and be part of this vibrant township,' said Ang. 'Our upcoming Fraser Heights phase two will be home to 295 units, comprising two- and three-storey terrace homes priced from RM745,000,' she added. For details, visit or call 07-510 3838.
