The Star, 20 July 2014 - Tropicana developments: The pearls of Iskandar Malaysia
The Star, 20 July 2014
THE attention garnered at the mention of "Iskandar Malaysia" is well-warranted. After all, Iskandar Malaysia is a mammoth development project that involves a huge 2,217sq km of land on the southern Johor corridor comprising modern recreational, residential, educational, medical, hi-tech industrial and administrative zones. As of last year, this prime hotspot has attracted over RM130biI in investments. That number continues to grow this year as more and more projects are being unveiled to turn Iskandar Malaysia into the hottest growth corridor in Malaysia.
Two such projects are the Tropicana Danga Cove and the Tropicana Danga Bay, both located in Johor Baru. This area covering the city is dubbed the Flagship Zone A, as it is without a doubt, the most prime development area in Iskandar Malaysia. Incidentally, both projects are situated here. 4
Tropicana Danga Cove, the suburban gem
Tropicana Danga Cove occupies 227 acres (91.86 ha) of Johor Baru's eastern suburbs in Permasjaya, a joint-venture development between Tropicana Corporation Berhad and Iskandar Waterfront Holdings. According to the developer, that ample acreage will be occupied by freehold commercial, retail, office, residential as well as MICE (meetings, incentives, conferencing and exhibitions) components.
The development will also be supported by modern infrastructure and will be fully accessible via no less than three of Johor Baru's key highways - the Eastern Dispersal Link (EDL), JB East Coast Highway and the Pasir Gudang Highway. All these components will add an irresistible shine to this investment gem as it puts Tropicana Danga Cove a mere stone's throw away from the city centre and Singapore. A trip to the JB CIQ should take just 15 minutes, and for investors that's a real boon.
Another highlight is the project's lifestyle-oriented development. There will be four signature zones being developed to accommodate a modern urban style of living. A riverfront leisure zone will house a mangrove reserve park, recreation park, an amphitheater and more. The market square zone will be home to the farmer's market, pedestrian-only market street and a commercial centre. The park community zone will accommodate a central park, terraced rain garden, an international school, themed condos and more. Finally, there will be a cosmopolitan living zone where the central plaza, shopping mall, convention centre and serviced apartments will be situated.
To investors, Tropicana Danga Cove conjures up the image of an exclusive, self-contained mini township in the Johor Baru suburb. And, according to the developer, that imagery is spot on.
In addition to providing the rest of Johor Baru with a new leisure and shopping attraction, Tropicana Danga Cove will also offer its own residents a taste of upscale, modern living in a luxurious enclave that is properly planned and equipped, and where everything needed for an enjoyable urban life is never too far away.
To date, the imagery represented by Tropicana Danga Cove projects has been very well received. For example, Oasis 1 representing a shop office complex has been fully snapped up by investors eager to tap into the market that the projects urban lifestyle will create. And now, Oasis 2 is hot on the heels of its predecessor's success.
This time, it offers three- and four-storey shop offices that will occupy 19 acres (7.69 ha) of Tropicana Danga Cove. There are 180 units to choose from, priced approximately from RM1,398,000 onwards, all due to be completed in 2017. They're well-priced, considering their attractive features such as wide service roads, ample parking, spacious seven-feet wide front walkways, private lifts for four-storey units, ample 15 ft ceiling height for ground floor units, al fresco business spaces and full glass panels for good visibility.
Tropicana Danga Bay, a diamond in me heart of the cfiy
Investors preferring properties right smack in the middle of the city itself will find it worthwhile to take a look at Tropicana Danga Cove's sister development, the Tropicana Danga Bay.
This RM8.3bil integrated project occupies 37 acres (14.97 ha) of prime land in Danga Bay, which is a huge plus for believers of the old property investment adage, "location, location, location". The venue puts it just eight minutes' away fromJB CIQ, 15 minutes from key family attractions such as Legoland and 90 minutes from Kuala Lumpur via the proposed High Speed Railway. And, just like its sister project, Tropicana Danga Bay will boast an upscale concept but in a more compact form with innovative ideas. Tropez Residences -First completing project in Danga Bay. Oasis 2 - Strategically located. Ready catchment of 500,000 population. 0 Bora Residences 0 Bora Residences -Type A Living Hall "Pictures are artiste's impression. ualShow Unit
Furthermore, without the RMlmil restriction for foreign buyers, this development will further enhance the investment opportunity.
Tropicana Danga Bay comprises a mix of freehold commercial and residential units, combining lifestyle shop offices and shopping mall with luxurious high-end serviced residential units that are linked by a network of shaded skybridges and walkways. To imagine Tropicana Danga Bay's top-notch living high above the ground, one simply has to take a look at its two serviced residences - Tropez Residences and the Bora Residences.
These luxury serviced residences make up three towers in Tropicana Danga Bay, going as high as 37 floors to offer a magnificent waterfront view. There are a total of 1,149 units, comprising everything from generous duplex units to studio units.
True to its high-end image, Tropez Residences offers all the trappings of a privileged lifestyle, including swimming pools, a sky deck on the 37th floor, a gym hall on the rooftop as well as interconnecting sky bridges.
Not surprisingly, out of the 1,149 units on offer, 91% have already been snapped up since its initial launch. The project has remained right on track and is scheduled for completion by the end of the year.
Bora Residences was launched last year following the runaway success of Tropez Residences. Their first launch of Tower A consists of 42 storeys that offer a total of 396 units comprising one-bedroom studios, balcony units, duplex units and penthouses with swimming pools. At Bora Residences, investors will have access to a linear park, ample water features, theme garden, infinity pool, iconic pavilion, reading corner, a spa water vil-age and a sky lounge to enhance the view, among others..