Focus Malaysia - More options for Tropicana Cenang development

TROPICANA Corp Bhd has revised plans for its RM1.55 bil mixed development Tropicana Cenang to increase the number of serviced residences to 1,650 from 1,102 units. Launched in August last year together with the opening of its sales gallery at Pantai Cenang, Langkawi, changes were made to the configuration of the layout designs, total number of serviced residences and completion dates. Currently, the project's sales and marketing agent Tropicana Marketing Sdn Bhd, a subsidiary of Tropicana Corp, is only pushing for the sales of phase one which comprises Tower A, from levels six to 23 and totalling 425 units. About 45%

With the revision, each tower will now house 825 units. And the completion of the project has been pushed back to 2023 from 2022. Prior to the revision, the configurations are for two-, three- and four-bedroom units ranging in size from 771 to 1,294 sq ft. Now buyers are offered five, instead of three, options. The new built-ups range from 380 to 484 sq ft for the studio units and 771986 and 1307 sq ft for the two-, three- and four-bedroom units, respectively. The selling prices are RM500,000 to around RM2 mil. The maintenance fee, which includes sinking fund, is 61 sen per sq ft. The RM49 mil commercial component, comprising 16 units with built-ups of 479 to 1,453 sq ft, are also to be completed by 2023. Thus far, the development's buyers are a mix of locals and foreigners. However, Azmil Rohimie Zakaria, CBRE WTW Alor Setar branch assistant manager, says it has not been easy selling to locals as the earlier design options for serviced residences which had larger built-ups, were tagged at more than RM1 mil.