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 IOI buys Tropicana Gardens Mall for RM680 million

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skloda
post Jul 25 2024, 10:10 AM

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yup , anak anak all spend & bill company , bapak pay all .
Alternate Gabriel
post Jul 25 2024, 10:11 AM

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Tropicana Gardens Mall struggling to get tenants

Even some parts of Level 1 in this mall is empty without any tenants.
scorgio
post Jul 25 2024, 10:13 AM

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QUOTE(9m2w @ Jul 25 2024, 10:00 AM)
I'm shocked that Starling still stands

I would have thought he kantoi first before Tropicana
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See Hoi Chan cash rich. Their projects mainly built then sell.

Last time they could even afford to leave the land kosong & used as carpark.

Where as Tropicana very cash strapped.

Pantai Cenang project sangkut, Genting project also sangkut. Company need fund injection from Chairman in exchange for shares.
MR_alien
post Jul 25 2024, 10:13 AM

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QUOTE(thxxht @ Jul 25 2024, 09:55 AM)
that mall is kinda dead and quiet, even on weekend it is quiet, it's nice though, less crowded means you can bring your kids go explore but some shops closed, like don don donki closed, kesian
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the land is what they want...the mall is the bonus


QUOTE(9m2w @ Jul 25 2024, 10:00 AM)
I'm shocked that Starling still stands

I would have thought he kantoi first before Tropicana
*
starling has way way way more crowd than tropicana at any time
nonnon
post Jul 25 2024, 10:15 AM

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nama damansara but lots of lelong.
JimbeamofNRT
post Jul 25 2024, 10:21 AM

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QUOTE(scorgio @ Jul 25 2024, 10:13 AM)
See Hoi Chan cash rich. Their projects mainly built then sell.

Last time they could even afford to leave the land kosong & used as carpark.

Where as Tropicana very cash strapped.

Pantai Cenang project sangkut, Genting project also sangkut. Company need fund injection from Chairman in exchange for shares.
*
starlings, that place was like abandoned construction side during late 90s .
thxxht
post Jul 25 2024, 10:22 AM

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QUOTE(MR_alien @ Jul 25 2024, 10:13 AM)
the land is what they want...the mall is the bonus
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what are they gonna do with the land? they surely won't demolish it and rebuild.
MR_alien
post Jul 25 2024, 10:31 AM

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QUOTE(thxxht @ Jul 25 2024, 10:22 AM)
what are they gonna do with the land? they surely won't demolish it and rebuild.
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the land itself is more valuable than anything
the smart one will go here and there to collect land

for what purpose is for the future to figure out...buy land when it's cheap
9m2w
post Jul 25 2024, 10:34 AM

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QUOTE(JimbeamofNRT @ Jul 25 2024, 10:21 AM)
starlings, that place was like abandoned construction side during late 90s .
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Part parking part abandoned or more like cleared, paved and boarded up

Uptown is the hangout place for Kevin23. I bet his insurance agency is there
Silfer
post Jul 25 2024, 10:37 AM

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QUOTE(cms @ Jul 25 2024, 09:55 AM)
Yawor..maybe IOI can replicate IOI City Mall. That mall got good crowd and shops to walk around.
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early days of ioi city mall is pretty much dead too. until the new wing expansion done all, weekday dinner time also crowded like mid valley
antt00
post Jul 25 2024, 10:44 AM

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QUOTE(Unsure Sam @ Jul 25 2024, 09:55 AM)
Forced sale ke? Tropicana no money till need to selll it's HQ mall... 2nd mall attempt failure after 3 Damansara..
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Yes internal sources said they not doing well.
Gratitude2022
post Jul 25 2024, 10:48 AM

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QUOTE(9m2w @ Jul 25 2024, 10:34 AM)
Part parking part abandoned or more like cleared, paved and boarded up

Uptown is the hangout place for Kevin23. I bet his insurance agency is there
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Fuuuh he owns an insulance agency ka? No wanler so Kaya.
DValentine
post Jul 25 2024, 11:00 AM

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QUOTE(9m2w @ Jul 25 2024, 10:00 AM)
I'm shocked that Starling still stands

I would have thought he kantoi first before Tropicana
*
you dont cb

uptown tarak carpark

the starling carpark is damn good

once parked you can walk around uptown

QUOTE(scorgio @ Jul 25 2024, 10:13 AM)
See Hoi Chan cash rich. Their projects mainly built then sell.

Last time they could even afford to leave the land kosong & used as carpark.

Where as Tropicana very cash strapped.

Pantai Cenang project sangkut, Genting project also sangkut. Company need fund injection from Chairman in exchange for shares.
*
also jb upcoming

thats why tarak cash in hand
need sell sell sell

QUOTE
KUALA LUMPUR: Tropicana Corp Bhd plans to unlock its landbank in Johor and develop two mega townships worth over RM35 billion in gross development value, capitalising on the booming property market, said its deputy chief executive officer, Khoo Thian Shyang.

He said that Tropicana's major shareholder, Tan Sri Danny Tan, aims to launch the Lido Waterfront Boulevard in Johor Bahru and Tropicana Uplands in Gelang Patah, foreseeing a need to meet expected upcoming demands for housing, commercial, recreational, and lifestyle hubs.


sos kicap tarak cukup wang
SUSMr Mercedes
post Jul 25 2024, 11:02 AM

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QUOTE(Unsure Sam @ Jul 25 2024, 09:55 AM)
Forced sale ke? Tropicana no money till need to selll it's HQ mall... 2nd mall attempt failure after 3 Damansara..
*
Tropicana Gardens upstairs pretty empty.
Don Don Donki also left lioa.
The only competition they have are from Sunway Giza and Encorp strand nearby, but still not doing well despite having the Surian MRT station next to it.

3 Damansara got worse after Paradigm, Starling and Atria came about. The new management also not doing much to revive it, except brining in NSK to replace Aeon.

Even GSC also moved out recently.
tahfeikei
post Jul 25 2024, 11:03 AM

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QUOTE(JimbeamofNRT @ Jul 25 2024, 10:21 AM)
starlings, that place was like abandoned construction side during late 90s .
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in the 70s-80s, it was just a rectangle of grassland biggrin.gif
marfccy
post Jul 25 2024, 11:04 AM

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QUOTE(9m2w @ Jul 25 2024, 10:00 AM)
I'm shocked that Starling still stands

I would have thought he kantoi first before Tropicana
*
surprisingly its very robust so far, one of the more successful "new" malls

prolly cause helped by the shoplots plus office buildings next door
DValentine
post Jul 25 2024, 11:06 AM

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QUOTE(Mr Mercedes @ Jul 25 2024, 11:02 AM)
Tropicana Gardens upstairs pretty empty.
Don Don Donki also left lioa.
The only competition they have are from Sunway Giza and Encorp strand nearby,  but still not doing well despite having the Surian MRT station next to it.

3 Damansara got worse after Paradigm, Starling and Atria came about. The new management also not doing much to revive it, except brining in NSK to replace Aeon.

Even GSC also moved out recently.
*
anything managed by that sinkie company conlan7firm upcar
ZeroSOFInfinity
post Jul 25 2024, 11:07 AM

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QUOTE(Mr Mercedes @ Jul 25 2024, 09:50 AM)
KUALA LUMPUR: IOI Properties Group Bhd is acquiring Tropicana Gardens Mall in Petaling Jaya for RM680 million.

The seven-storey Tropicana Gardens Mall has a total gross floor area of 2.95 million square feet and a net lettable area (NLA) of 1.05 million square feet with an occupancy rate of 77 per cent.

The  mall is connected directly to Surian MRT station and it is accessible via four major highways.

The company said the acquisition aligns with its growth strategy and enhances its footprint in the retail sector.

The acquisition will expand IOI Properties' mall operations within the Klang Valley region, complementing its two existing malls in the area namely IOI Mall Puchong and IOI City Mall, Putrajaya, currently the largest mall in the country at 2.5 million square feet NLA.

The other two malls listed in its property investment segment are IOI Mall Kulai at 264,000 NLA and IOI Mall Xiamen, China at 639,000 NLA.

The group's total retail NLA will balloon to 5.4 million square feet with the addition of Tropicana Gardens Mall.

"The group believes that it will provide a strong recurring income as it follows the successful model of IOI Malls and leveraging onits brand in providing a vibrant lifestyle experience filled with dynamic offerings," said group chief executive officer Lee Yeow Seng in a statement.

The company also completed two major acquisitions namely the 150-room W Kuala Lumpur for RM270 million and the 199-room Courtyard by Marriott Penang for RM165 million. 

These two hotels will add 349 room keys to the existing 2,355 (including the joint-ventured JW Marriott Hotel Singapore), totaling 2,704 room keys of all eight hotels under the IOI Properties's hospitality & leisure segment.

IOI Properties said the acquisition of the freehold land in Pantai Kok, Langkawi at RM90.1 million is intended for a proposed hotel development
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IOI wanna fight with 1U kah? blink.gif rclxub.gif
mafioso
post Jul 25 2024, 11:08 AM

 
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QUOTE(JimbeamofNRT @ Jul 25 2024, 09:55 AM)
last time when launched so many promo. now diam.
office hour got ppl lah, then like...krik krik
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pavilion DH soon

lunch hour mon-fri still ok due to the corporate towers

weekends, weekdays after 6pm macam ghost town
MishimaZ
post Jul 25 2024, 11:15 AM

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QUOTE(mac_mac21 @ Jul 25 2024, 10:02 AM)
Yes , can see they selling their assets here and there
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There are many rumors of how much cash stored by the chairman itself though.

QUOTE(JimbeamofNRT @ Jul 25 2024, 10:04 AM)
imprisoned lifestyle. somehow these sheeps die die buy those kind of pricey housing. i mean, brainwashed nicely until kenot think properly.
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Can't blame people who thought that way, since the material monopoly and brainwashing started by us Chinese (agents agents agents - can see in BBBUUU threads) since 2009.

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