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EdgeProp Online - Tropicana Cenang at Langkawi sees 90% take-up of Assana Serviced Suites

2023-10-23 EdgeProp Online - Tropicana Cenang at Langkawi sees 90% take-up of Assana Serviced Suites

PETALING JAYA (Oct 23): Tropicana Cenang at Langkawi recorded 90% take-up for its first phase, Assana Serviced Suites recently.


Following the first phase’s success, Tropicana Corp Bhd introduced Merissa Serviced Suites with 60 beachfront homes in a low-rise serviced suites tower.


“Tropicana Cenang enjoys direct access to the vibrant Pantai Cenang beachfront and a scintillating view of the Andaman Sea,” stated Tropicana in a media release.


“The strong response for Tropicana’s first signature development in Langkawi underscores the Group’s robust development DNA and market-driven approach. Besides, we are committed to the people and community of Langkawi through Tropicana’s numerous social engagement initiatives such as the renovation of the Pantai Kok Rest & Recreation Centre to our Tropicana go-go-FIT 3km Beach Fun Run, our support to Langkawi International Folding Bike Challenge and more,” said Ixora Ang, executive director, Marketing & Sales and Business Development of Tropicana Corp.


“Our latest second phase, Merissa offers the best of both worlds - strategic location, fully furnished with low-density seafront units that are suitable as holiday homes. Based on our market analysis and benchmarking with neighbouring upscale hotels, the average daily rate per day hovers from RM360 to RM1,100 -- depending on the size and standard of the hotel room.


“Langkawi records the highest ADR in the nation which will spur positive yields on the short-term rental stay rates for developments such as Assana and Merissa that offer family and group-sized accommodation options. With these observations, the property rental yield stands at an average 9%, making our Langkawi development a good investment decision in Malaysia,” she added.


Assana Serviced Suites comprises 831 signature homes in a 39-storey residential tower,
with built-ups from 380 sq ft offering agile entry points for purchasers. It offers a host of
resort-themed facilities in keeping with Tropicana Cenang’s seaside location, from a Jacuzzi,
hammock garden and poolside cabanas to a reflexology path and yoga terrace.

Complementing the vertical community, Merissa Serviced Suites offers higher built-ups from 1,066 sq ft to 1,303 sq ft, in duplex, intermediate and corner units with two and three-bedroom layouts. Projected for completion in March 2026, both Assana and Merissa Serviced Suites benefit from the natural pull factors of Langkawi, such as its year-round tropical climate and status as a UNESCO Global Geopark.

The 5.28-acre Tropicana Cenang integrated mixed development features proximity to Langkawi International Airport, the ZON Duty Free, and Underwater World Langkawi.

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