You are using an outdated browser. Please upgrade your browser to improve your experience.

The Edge Financial Daily - Tropicana Corporation Bhd

Tropicana Corporation Bhd

Despite global and regional headwinds, we are very positive about the outlook of Malaysia's property sector. We believe we are moving in the right direction as we gear towards a more buoyant property market in the second half of 2019 and beyond, given the clear signs that property prices at strategic locations have remained stable, innovative market offerings are being introduced while more transparent policies to encourage homeownership have been initiated.

Furthermore, given the current market environment and consumer spending habits, we believe that there will always be demand for attractively priced properties in prime locations with accessibility to good amenities.

We anticipate the growth of more diverse, quality architectural designs in line with changing lifestyle needs and aspirations of communities of the future. This would mean more mixed-used developments, neo-traditional designs and neighbourhoods which integrate homes, commercial centres and are close to amenities and services.

We also see the younger generation favouring value-added properties such as lifestyle properties equipped with great facilities, amenities, security, accessibility and connectivity.
Against this backdrop, we will capitalise on our strong pipeline of projects and strategically-located townships, including two residential phases at Tropicana Aman, Kota Kemuning; a mixed development comprising retail lots and serviced apartments at Tropicana Metropark, Subang Jaya; a new phase of serviced apartments and SoFos at Tropicana Gardens, Tropicana Indah; Phase 2 of Ayera Residences, Danga Cove in Iskandar Malaysia; as well as condominiums at Jalan Harapan, Petaling Jaya. We will also be launching our maiden development in Genting in the fourth quarter of 2019.

It is important that consumers have access to the right information in order to make informed choices when buying a home. First-time home-buyers should always consider their financial position so they do not end up being overly burdened for the next few decades.

We expect property prices at strategic locations to remain stable, backed by the introduction of more innovative deals to consumers. The government has also introduced a wide array of initiatives to invigorate the property market such as the exemptions of stamp duty and a wide range of benefits for first-time homebuyers. Banks are also expected to relax their lending guidelines.


You may also be interested in