land cost itself already RM 660psf.....if no RM 1k psf dunno how developer can gain profit from this investment.....

is it right to calculate like this? they can build multiple floors on the land ma..

of course not simple calculation lo..... whole piece of land 7.79 acres, cant be used up all 7.79 acres to build units and sell every sqft to purchaser mah.

Edelweiss land should be part of the land bank bought years ago, and selling at 1k psf....This new purchase land will squeeze developer margins and they had to sell at above RM 1k psf if not how to answer to edelweiss buyer

kepoh abit.



in 2011 annual report the lands 17.60 acre should be the tropicana garden whole development size, and the land cost during that time only RM 4mil+



in 2022 the remaining should be Edelweiss, 2.95 acres land valued at RM 65.82 mil, which translate to RM 489 psf land cost, but this is fair value adjustment.

Worst part is tropicana is still selling left over units qith golf view advertising golf view as a selling point. Crazy

Texted my agent they still act dumb saying no license has been approved yet. But then again can't expect much from then once u sign SPA and they got their comm

This post has been edited by xander: May 3 2024, 03:14 PM

They are crooks. That's all I'm saying. It wouldn't be so bad if it was another developer who bought that land. Then you could argue that tropicana had no say in the matter. But the fact that tropicana themselves bought that land with the intention to develop, just when they are advertising golf course view (and I'm sure talks had been underway for some time. This kind of transaction is not overnight), this is just in bad taste.

My agent told me the same thing: "nothing is confirmed".

Your first 3 words basically sums up what I think abt tropicana.

After what they have done with Metropark and also all the other controversy, I am surprised people still believe their 'masterplan' nonsense

What happened to Metropark?

Yeah, pls share what happened to metropark

I think old Subang people would know what the masterplan was that they were pitching as the main draw and many other broken promises.

For example, the infamous mall lol https://forum.lowyat.net/index.php?showtopi...&#entry82291688
How has the progress been since this 2016 post?
Can look at the old threads there, including names like Tipucana lol

This post has been edited by evofantasy: May 4 2024, 02:59 PM

Hello, just curious about the parking for residents in Tropicana Gardens. How is the setup like ie are there many ramps to go up/down and the width of the ramps? Interested to rent there and wanna ask this whilst I contact the agent too. Thanks!

Edelweiss still has about 10 units of 9xx sf unit available at around RM1000 psf nett...

Any latest news regarding the development on the golf club? Got to know from agents at Tropicana gardens mall that edelweiss still have few units left facing the golf club. I think the new development will affect Edelweiss purchasers the most, esp those purchasing units facing the golf club. No more selling point if gold view is confirmed to be blocked. It’s a leasehold prop after all.

As of 30 Jun 2024

https://www.malaymail.com/news/money/2024/0...a-lumpur/144772

Tuesday, 23 Jul 2024 8:35 PM MYT
KUALA LUMPUR, July 23 — IOI Properties Group Bhd’s subsidiaries have entered into four sale and purchase agreements (SPAs) via its subsidiaries for several acquisitions in Malaysia.

In a filing with Bursa Malaysia today, the property developer said wholly owned subsidiary IOI Mall Damansara Sdn Bhd had entered into a conditional SPA with Tropicana Indah Sdn Bhd to acquire Tropicana Gardens Mall and its assets in Tropicana Indah, Petaling Jaya for RM680 million.

Last time sold Topikana Siti mall, now sells Topikana Gardin Mall.

101 seems brave to do multiple acquisitions.


This post has been edited by Jagalat: Jul 24 2024, 12:07 AM

Conclusion: Tropicana really lousy in mall management

Or have bad foresight. Decided to build malls nearby existing successful malls eg. 1Utama, Curve and expect to be able to compete.