Tropicana to unlock 800-acre landbank with GDV of RM43 bil in Johor

 https://sg.finance.yahoo.com/news/tropicana-unlock-800-acre-landbank-010000832.html

Bursa Malaysia-listed property developer Tropicana Corporation believes it is time to scale up its expansion in Johor, Malaysia. It intends to unlock 800 acres of “premium landbank” with a gross development value (GDV) of RM43 billion ($12.3 billion).

Artist’s impression of the Lido Waterfront Boulevard across a 90-acre plot and positioned as the next CBD in Iskandar Malaysia (Picture: Tropicana Corp)

Lido Waterfront Boulevard is a freehold development with green features, a plot ratio of 1:8 and a proposed Multimedia Super Corridor status (Picture: Tropicana Corp)

Lido Waterfront Boulevard is positioned as the next CBD in Iskandar Malaysia. It is a freehold development with green features, a plot ratio of 1:8 and a proposed Multimedia Super Corridor (MSC) status. It is poised to be an “international-grade development” in terms of sustainability, with Leadership in Energy and Environmental Design (LEED) and Green Building Index (GBI) certifications.

The upcoming Watermark Residences will feature a 54-storey high-rise development with 1,596 serviced apartments. Sizes range from 463 sq ft to 807 sq ft. There are also 16 retail lots within the development, with sizes from 1,012 sq ft to 4,133 sq ft. The project is targeted for launch in 3Q2024.

In the pipeline is a Grade-A modern office tower at Lido Waterfront Boulevard, catering to a wide spectrum of businesses given its MSC status. It will also feature a wide range of facilities and energy-efficient fixtures.

The upcoming Watermark Residences will feature a 54-storey high-rise development with 1,596 serviced apartments. It is targeted for launch in 3Q2024 (Picture: Tropicana Corp)

Tropicana Danga Bay, located less than 10km from Lido Waterfront, is envisioned as a vibrant community hub with serviced apartments and retail lots.

The upcoming 26-storey Bora Residences Tower B at Tropicana Danga Bay will have 245 modern serviced residences, ranging from 531 sq ft to 892 sq ft. There are also six retail shop lots, ranging from 353 sq ft to 672 sq ft. It will debut in 1Q2024.

Both townships are located within a five- to 10-minute drive of the Malaysian terminus of the RTS Link, points out Tropicana’s Lee. Hence, the projects will benefit from the completion of the RTS in three years