The Sun - Properties Still Popular as an Investment
PETALING JAYA: Property developer Tropicana Corp Bhd, which launched the Edelweiss SOFO (small office/ flexible office) & Serviced Residences two days ago, expects the Malaysian property market to see modest recovery in 2020, as properties remain a popular investment option given the wide range of new properties available, coupled with the various government stimulus measures introduced.
Tropicana managing director of marketing & sales Joanne Lee said for those who can afford to leverage on these attractive schemes available now, they should take advantage of the attractive packages, low interest rates and government initiatives.
"In addition to choosing properties at strategic locations, properties that have access to well established neighbourhoods, good facilities, amenities and connectivity are important as these would appreciate over the longer-term. Be smart and confident in securing your dream property," added Lee on making smart property purchases in the current market environment.
Edelweiss SOFO & Serviced Residences is the fifth tower at Tropicana Gardens, Petaling Jaya. Spread across 2.35 acres with a gross development value of RM855 million, Edelweiss SOFO & Serviced Residences at Tropicana Gardens caters to the lifestyle needs of young executives, urbanites, young families and empty nesters. Combining serviced residences and city offices, it is located amid the neighbourhoods of Tropicana Indah and Kota Damansara.
Despite the challenging market conditions, the Edelweiss SOFO & Serviced Residences (Phase 1) has already experienced a 75% take-up rate to date, even prior to its launch.
"The fifth tower truly embraces the essence of an exclusive, integrated lifestyle home, with everything under one roof - security, connectivity and accessibility to major highways, amenities and facilities. Following the success of our first four towers at our Tropicana Gardens development, we listened to feedback from current and potential customers. Where possible, we integrated these into Edelweiss to ensure it exudes modern, urban vibes yet still able to give residents a quiet place to rest. It is the last gem of Tropicana Indah," said Lee.
Edelweiss SOFO & Serviced Residences will be the first tower at Tropicana Gardens to introduce smart living and conveniences. Smart living and conveniences offers serviced residence homeowners a smart home concept that comes complete with a smart home hub, door sensors, smart sockets, air-conditioner control systems and smart multi-tiered security system.
Comprising 52 storeys, this tower houses 630 units of serviced residences with built-up ranging between 556 sq ft to 1,111 sq ft, and 397 SOFO units with built-up from 452 sq ft to 858 sq ft that come with flexible, open layout plans.
Owners of Edelweiss' SOFO units will have access to landscape gardens, meeting rooms, business centres and the multipurpose hall. Residents at the serviced residences will enjoy a wider range of facilities such as the various pools, the yoga deck, a children's playroom, children's playground, a reading room, a gymnasium and the barbeque area.
Edelweiss is connected to the Tropicana Gardens Mall and the Surian MRT station via a designated elevated pedestrian bridge.
From left: Tropicana executive director Jared Ethan, group managing director Dion Tan and Lee at the launch of Edelweiss SOFO & Serviced Residences.
