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TROPICANA ends 2023 on a high note & progress onward in 2024

Tropicana bagged 11 accolades from 8 industry awards

PETALING JAYA, 3 January 2024 – Property developer Tropicana Corporation Berhad (“Tropicana” or “The Group”) closes 2023 on a high note, recording RM1.4 billion property sales and bagging 11 coveted accolades from 8 prestigious industry awards. The Group also netted solid unbilled sales of RM2.3 billion, placing the company in a good position to deliver sustainable earnings in the next few years. The significant increase was mainly attributed to its aggressive TropiQuest marketing campaign, customer engagement initiatives as well as strong commitment from its team and agents. In addition, the introduction of new customercentric developments and/or new phases in existing townships such as Tropicana Aman, Tropicana Gardens, Tropicana Metropark, Tropicana Cenang and Tropicana WindCity spurred the sales growth of the Group.

The management cited that the Group’s focus and continued commitment demonstrated positive results across its signature developments, “Building townships since 1979, Tropicana has broadened its position from a resort-style developer to a sustainable community planner anchored on its 8 development DNAs and 3 ESG pillars. Our approach focuses on futureproofing our businesses through our constant engagement with our stakeholders, especially our loyal property purchasers as well as our marketing and sales amplification through various online and offline initiatives. We aim to provide the best value, make a difference to the community and contribute to a sustainable future.”

“Since early 2023, we have reported a string of positive news, from our successful sukuk redemption, multiple award triumphs to positive take-up of our properties across Malaysia. We are confident that Tropicana will continue to strengthen its market presence and contribute to its future earnings supported by our high unbilled sales of RM2.3 billion and strong property sales recorded across Malaysia. This is also complemented by our 8 new or upcoming developments worth an estimated GDV of over RM4 billion in 2024,” the management emphasised.

Wrapping up 2023 on a positive note, Tropicana bagged 11 coveted accolades from 8 prestigious industry awards, namely :

The StarProperty Awards 2023

  • All-Stars Award – Tropicana | Top 10 Listed Company
  • Readers Choice Award – Tropicana | Most Heart-Warming CSR Initiative
  • Luxury Award – Tropicana Aman | Best Luxury Project Development (Landed)
  • Neighbourhood Award – Tropicana Uplands | Best Comprehensive Township

The BCI Asia Awards 2023

  • Tropicana | Top 10 Developers Award

Asia Pacific Property Awards 2023

  • Tropicana Cenang | Five-Star Best Apartment/Condominium Award

FIABCI Malaysia-Star Malaysia Developer Awards 2023

  • Tropicana | Top-of-the-Chart (RM1 Billion and Above)

The Edge Billion Ringgit Club 2023

  • Highest Returns to Shareholders > 3 years (RM3 billion & above market cap)

The Edge Malaysia Property Excellence Awards 2023

  • Ayera Residences | The Edge Malaysia-PEPS Value Creation Excellence Award

Malaysia Urban Planning Awards 2023

  • Tropicana Metropark | Socially Inclusive Design Award

CXP Best Customer Experience Awards 2023

  • Tropicana | Best Customer Experience

Entering into 2024, Tropicana will continue to gain traction in the market and will be
unveiling these signature developments:

  • Shoppes, Tropicana Aman @ Kota Kemuning
  • Terrace Homes, Tropicana Alam @ Puncak Alam
  • Bora Tower B Serviced Residences & Retail Shops, Tropicana Danga Bay @ Johor
  • Serviced Residences & Retail Shops, Lido Waterfront @ Johor
  • Terrace Homes, Tropicana Uplands @ Johor
  • Landed Homes, Tropicana Paradise @ Tropicana WindCity, Genting Highlands
  • Serviced Residences & Retail Shops, Tropicana Avalon @ Tropicana WindCity,
    Genting Highlands
  • Serviced Residences, Tropicana Cenang @ Langkawi

Overall, Tropicana’s total landbank spans 1,842 acres, with a total potential GDV of approximately RM120 billion, placing the Group in a good position to unlock the value of its strategic landbank and deliver sustainable performance in the next few years.

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