Property development is the core business of Tropicana Corporation Berhad (Tropicana or

Company or Group). Over the last 23 years, the Company's assets has increased more than
thirteen-fold from RM500 million to RM7.2 billion. The Group also enjoys a commanding
position in the property market attributable to more than 1,800 acres of quality land bank with an
approximate total Gross Development Value (GDV) of over RM50.0 billion. Supplementing the
core business is the resort operations of Tropicana Golf & Country Resort. Established in 1992,
the Resort has won numerous awards, making it a household name amongst residents in Petaling
Jaya City, Malaysia. With a strong foundation of past and present successes in property and
resort development. Tropicana Corporation is committed to building luxurious, resort-themed
lifestyle developments and commercial properties for discerning customers.
Launched in 2009, Tropicana City marks Tropicana Corporations maiden venture into property
investment. The mixed commercial development, strategically located in the heart of Petaling
Jaya city encompasses Tropicana City Mall, Tropicana City Office Tower and Tropicana City
Tropics serviced apartments. The Group also built and manages the established Damansara Intan
e-Business Park, which is located next to this vibrant development. Both developments recorded
100% occupancy rate.
In 2015, the Group sold Tropicana City Mall and Tropicana City Office Tower for a cash
consideration of RM540 million. This disposal underscores Tropicanas strength as a developer
in developing products that appeal to the marketplace, and the Groups ability to monetise the
value of its assets.
With remarkable success, the Group marks its debut into the hospitality industry by introducing
the W brand to Malaysia. W Kuala Lumpur Hotel and Tropicana The Residences, located
adjacent to Petronas Twin Towers, is expected to be completed by 2016. The hotel will be
managed by Starwood Hotels & Resorts Worldwide whilst The Residences will be managed by
Tropicana Group.
Tropicana also entered into a strategic partnership with Marriott International to develop
Courtyard by Marriott, the first Courtyard Hotel in Malaysia. Courtyard by Marriott Penang will
be developed at Tropicana 218 Macalister, the Groups latest development on the popular

tourism city, Penang Island. Designed to reflect the fabric of Penang, the grand opening is slated
on 2018 and will incorporate the citys vibe and personality into its modern deco.
Tropicana Corporation Management Services provides expertise in property management as well
as maintenance services for both residential and commercial developments. The Companys
property management portfolio includes landed developments in the prestigious Tropicana Golf
& Country Resort, Tropicana Indah Homes, Tropicana Danga Bay and the Group will also
manage its future luxurious developments such as Tropicana The Residences at Kuala Lumpur
City Centre and Tropicana 218 Macalister at Penang Island.

All Properties: The greatest advantage of the TPPA would be the free flow of population within
the aforesaid twelve countries. There is a total of 805.4 million population as at 2014 and the
amount is set to increase exponentially. In Malaysia, foreigners are allowed to purchase all types
of immovable properties provided that the properties are valued above the general threshold

price as set by the local government in Malaysia (i.e RM1 million in Kuala Lumpur) and subject
to other restrictions. The other restrictions include properties which are built on Malay reserved
land and properties allocated to Bumiputra interest in any property development project as
determined by the State Authorities. The increase in movement of of population through and
from Malaysia will increase the product marketability of the properties in Malaysia leading to an
increase in the consumer market base and a stronger demand in the rental market and the sale of
properties within Malaysia;
ii. Demand for Commercial Buildings: MNCs from member countries will be looking to
establish branches and headquarters to expand its market access opportunities. Experts in the
property sector are predicting a glut of office spaces in the KL city in the near future leading to
competitive rental rates for offices in Kuala Lumpur. In view of the above, Malaysia is set to
attract multi-national corporations (MNCs) to invest in our country due to the attractive rental
prices, favourable currency exchange rate and availability of office space in the region. Majority
of the MNCs will be looking to rent or lease properties in the short term especially in locations
which are accessible and visible. Global Investors would also be investing in higher-end
commercial properties in the long term. As mentioned in my previous article in May, commercial
properties in prime location are in huge demand i.e crowd generating areas with great
accessibility near highways, light rail transits and public transport stops.