The Malaysian Reserve, 28 February 2014 - Bora Residences selling fast

The Malaysian Reserve, 28 February 2014

THE second phase of Tropi-cana Danga Bay in Johor Bahru received overwhelming response at its official launch last Saturday, with more than 30% of the units already being spoken for in the form of bookings and registered interest.

Dubbed Bora Residences, the new phase offers 396 luxury units within a 42-'Sto-rey tower, which will stand alongside the five other residential towers planned for Tropicana Danga Bay.

Already, the first phase of the development, Tropez Residences, has tasted success with only 10% of its units left for the taking.

According to developer Tropicana Corporation Bhd, the latest offering comes with units that range between 694sq ft and 3,443sq ft, with a wide range of floor plans to choose from -including one-bedroom duplexes with double-volume ceiling height. The extensive choice of lavouts are designed to cater to a wide range of market segments.

Priced from RM750,000, buyers can look forward to features such as seamless integration with retail components, dual key access for security, bay windows and balconies, and panoramic seafront views.

The two penthouses located at the highest floor will have the additional feature of a private swimming pool.

With a gross development value (GDV) of RM480 million. Bora Residences makes up part of a mixed development that will take shape on 37 acres of freehold land featuring a lush green concept.

Each building within the development is interconnected via sky bridges to create communal spaces for residents to connect with each other as well as offer access to a 5-acre waterfront central park, modern shopping conveniences, alfresco dining and resort facilities.

"The property market in Johor is exciting as it is reaping the benefits of the incredibly dynamic growth of Iskandar Malaysia," said Lee Han Ming, MD of Tropicana Southern Region.

"Besides local developers, Chinese and Singaporean developers are also adding vibrancy to the market mix. This has brought many changes to Johor's property landscape, signalling market confidence and potential growth prospects. We have strong product differentiation and we believe that Bora Residences will cater to the current growing demand for a mixed integrated development that embodies sty e, quality, safety and convenience," he added.

Lee said that over the last two decades, Tropicana has consistently created unique developments that combine modern and resort-themed lifestyles, leveraging on their extensive experience to deliver innovative projects that are synonymous with the Tropicana brand.

"We strive to cater for modern lifestyle needs by creating mixed integrated developments complemented by practical designs within a strategic location/' he said, Tropicana Danga Bay is located within Zone A of Is-kandar Malaysia, With a total estimated GDV of RM83 billion, it is envisioned to be a major lifestyle and commercial attraction along the JB City waterfront..