Property developer Tropicana Corporation Berhad is moving forward strategically to expand its foothold nationwide by taking on more joint venture projects via its Tropicana Smart Partnership Programme.
Tropicana founder and group executive vice chairman Tan Sri Tan Chee Sing said the group is ready to take a big step forward and welcome more partners to join its Smart Partnership Programme to help develop its landbank.
“For 25 years, we have witnessed and celebrated many milestones and achievements with our valued partners.
“Together with our partners, we have successfully developed luxurious residences, commercial lots, mixed townships, shopping mall, five-star hotels and international schools.
“We are humbled and very grateful for their confidence, trust and support in us. We are ready to take a big step forward and welcome more partners to join our Smart Partnership Programme,” said Tan, adding that he is confident of his team’s capability to drive the group forward.
“To boost our business resilience and scale up our expansion plan, we invite landowners to join us, leverage on our expertise, and unlock their landbank or we welcome corporations to partner with us to jointly develop our strategic landbank” Tan added.
He said Tropicana is the proud owner of over 2,100 acres of strategic landbank worth over RM77 billion across Malaysia, namely in Klang Valley, Genting Highlands, Langkawi and Johor.
The Tropicana Smart Partnership Programme began in 1996 when the developer entered into a strategic partnership with Selangor State Development Corporation (PKNS) to develop a 165.3ha township at Tropicana Indah Resort Homes.
In 2010, the group partnered with Iskandar Waterfront Sdn Bhd to build a 15.1ha mixed development known as Tropicana Danga Bay in Johor.
It formed strategic alliances with other reputable local and international firms such as Ivory Properties Group, Marriott International, HK-listed Agile Property Holdings Ltd, GEMS Education, MBI Incorporated, Tenby Schools and Temokin Development Sdn Bhd.
To date, the group has joined forces with 11 corporations, completed over 45 successful joint venture projects ranging from integrated mixed developments, townships, luxurious residences, international schools, shopping mall, and world-class hotels with a total GDV of over RM13 billion over the course of 25 years.
PKNS chief executive officer Siti Zubaidah binti Abd Jabar said it has confidence in Tropicana as a strategic partner. The successfully launched Tropicana Gardens has delivered encouraging results. The first residential block, Arnica Residences was sold out in two days. The rest of the three residential towers followed suit and sold out, too. Tropicana Gardens Mall, the largest neighbourhood mall in its region has achieved 68 per cent take-up with 50 per cent of tenants open for trade as of today.
Established in 1979, Tropicana has become a household name that is synonymous with community builders and value investments. In 1992, Tropicana introduced the first resort-themed development. For more than 40 years, it has carved its brand name as the community builder that redefines the art of living.
