A self-contained township in Kota Kemuning, Tropicana Aman is set across 863 acres of land, offering a unique selection of residential and commercial properties. With the unique tagline, “Green, Sustainable Architecture and Township,” Tropicana Aman emphasises a “Walk and Bike-friendly” philosophy to promote healthy living among its residents.

This theme is highlighted by the seven-kilometre trail that meanders throughout the development, and also the 85-acre central park, which comes with a 100-feet tree-lined boulevard. Notable educational institutions in the development include the Tenby International School and SJK (C) Bukit Fraser.

Encircled by foliage and the glistening water, the Recreational Hub allows residents to luxuriate in a tropical haven while enjoying the convenience of urban living. Residing within the township is no other than Elemen Residences, offering modern tropical homes inspired by the vitality and serenity of water.

These two-storey superlink homes (26′ x 80’) come with built-ups ranging from 3,013 sq ft to 3,172 sq ft, with 4+1 bedrooms and five bathrooms. This latest phase features gated and guarded lakeside and garden homes with direct access to the Central Park.

The development is easily accessible via the KESAS highway, Kemuning-Shah Alam Highway, South Klang Valley Expressway, ELITE and the proposed West Coast Expressway.

Metropolitan living in a park

The master plan concept of Tropicana Metropark encompasses holistic living experience set in 88 acres of freehold land in SubangJaya. Beautifully landscaped with greenery and wide pedestrian walkways, the urban retreat cradles the nine-acre Central Park, which comes with its own 750-metre linear lake.

Vibrant commercial lots pair with the proximity of serviced residences, not forgetting the convenience of the nearby GEMS international school. The latest launch at Tropicana Metropark, Shoppes & Residences (South) will provide the ultimate convenience for residents within Metropark and the vicinity. It is set to give a breath of fresh air within the retail scene as the new lifestyle destination in the SubangJaya-Shah Alam-Glenmarie triangle. Estimated to be completed by the Year 2023, the new commercial hub of SubangJaya is composed of three levels of shop-lots and 656 residential units. Residential units enjoy the panoramic view of the Central Park, and they come in compact and practical layouts with a studio and two bedrooms.

With the availability of various modes of public transport, it is realty easy getting to and from Tropicana Metropark. The KTM station is located just a stone’s throw away and the development enjoys direct access from the Federal Highway via the Tropicana Metropark Link, ensuring a fast and easy commute for residents, workers and visitors.

Dato Yau

Tropicana Aman emphasises a “Walk and Bike-friendly” philosophy to promote healthy living among its residents.

Garden of conveniences

Presiding upon a strategic point at the matured Tropicana Indah, nearby Kota Damansara is Tropicana Gardens, a transit-oriented, mixed integrated development featuring diverse components of residential towers, a shopping mall and office tower complete with landscaped gardens.

Residential interiors are spacious and well-appointed, with modern layouts that flow with harmonious fluidity. Retail spaces are designed to infuse indoor functionality with outdoor serenity, melding the hustle and bustle of a vibrant commercial zone with the chic tranquillity of an alfresco food and beverages strip.

This practical application of a bright idea creates a whole new business gateway that will create points of magnetic interest for brands in Tropicana Gardens. The development boasts 1 mil sq ft of retail space, translating to seven levels of shopping facility complete with grocery, a cinema, restaurants, retail and more. Matured commercial hubs also surround the development, not forgetting its position within a confluence of major roads, such as the New Klang Valley Expressway, Damansara-Puchong Expressway, SPRINT highway and the Penchala Link.

The direct linkage to the elevated Surian MRT station emphasises the point towards connectivity. Edelweiss SOFO and Serviced Residences, the newest addition of Tropicana Gardens is sited on 2.35 acres of land. With a gross development value of RM855mil, the development features 397 units of SOFO and 630 residential units. Built-up for the SOFO range from 452 sq ft to 858 sq ft, while the residential units come at 556 sq ft to 1,111 sqft.

On another note, Tropicana Corporation Bhd is promoting homeownership among Malaysians with its campaign, Tropicana HouzKEY, which allows house buyers 100% financing and zero payment during the construction period when they choose to own selected Tropicana properties.

Sitting l,800m-high atop Mount Ulu Kali, on the border of Pahang and Selangor, Genting Highlands is a popular spot for leisure and recreation amongst Malaysians and foreign visitors, with several hotels, theme parks, shopping malls and a cable car system, thanks to Resorts World Genting (RWG).

According to Genting Group’s annual report, RWG welcomed 25.9 million visitors in 2018, a 9.75% increase compared with 23.6 million in 2017. In 2018, visitors comprised 27% hotel guests and 73% day-trippers.

In 2013, Genting Group embarked on a 10-year master plan – Genting Integrated Tourism Plan (GITP) – to reinvigorate and transform RWG. A few notable completions under the GITP master plan, which includes First World Hotel (Tower 3), Awana SkyWay cable car, SkyAvenue mall, Genting Highlands Premium Outlets (GPO) and Skytropolis Indoor Theme Park, have attracted many repeat and first-time visitors. After a few hitches, the company is looking forward to the opening of the new outdoor theme park.

Gohtong Jaya and Genting Permai located along the main access road at mid-hill are also gaining interest among visitors.

Renewed interest in properties

Genting Highland’s popularity has attracted property developers as well.

Nawawi Tie Leung Property Consultants’ data shows that at least 3,800 high-rise residential properties have been completed at Genting Highlands over the past five years. Among the projects that were completed this year were OSK Group’s Windmill Upon Hills and geo38 Residence by Pesat Bumi Sdn Bhd. Yet, there is no sign that the pace of development will pause anytime soon as more than 4,200 units in new and upcoming projects are expected to add to the current supply. (See Table 1.)

Why are people and property developers making a beeline to Genting Highlands? Considering the country’s heat and humidity in general, the top draw to this place is its cool hilltop climate, making it a favourable weekend getaway and a coveted holiday home destination.

Rahim & Co’s survey reveals that most of the people residing in Genting Highlands work there while the rest are transient visitors who only stay there on weekends and holiday seasons. “These short-term visitors usually come from Kuala Lumpur, Kuantan, Penang as well as Singapore and Indonesia,” Rahim & Co International Sdn Bhd Director of Research Sulaiman Saheh tells EdgeProp.my.

Dato Yau

Nawawi Tie Leung Property Consultants director and regional head of research and consulting Saleha Yusoff believes that once the new outdoor theme park opens, RWG will garner more visitors and there will be more job opportunities, subsequently creating a spill-over effect on the demand of residential and commercial properties within the vicinity.

“Resort-type developments are not only suitable for holiday getaways but also for retirement villages. Compared to the US, medical costs in Malaysia is 65% to 80% lower and this has attracted medical tourists from many countries. Genting’s cool atmosphere and proximity to the KL city centre are plus points for an integrated medical tourism development.

“Diversifying product offerings would make the property market in Genting Highlands even more vibrant,” she notes.

New and upcoming developments

Newly-planned and ongoing developments here include Grand Ion Majestic and Celestia Genting Highlands on the hilltop as well as Tropicana Grandhill, Pavilion Genting Highlands, IBN Highlands City, Geo Antharas, Geo Royal and Geo Elite located close to Genting Permai. (See Table 2.)

“Midhill Genting has attracted major developers which are planning huge mixed developments such as the 112-acre Tropicana Grandhill and the 280-acre Pavilion Genting Highlands,” TSK Realty senior real estate negotiator Ben Foo Tien Choy says.

Tropicana Grandhill will consist of residential, commercial, wellness, education, park and silver-hair components, while Pavilion Genting Highlands will have resort apartments, luxury villas, parks, commercial and retail properties as well as resort hotels.

To draw more visitors to frequent the midhill, developers are actively trying to create commercial activities there. For example, the 20-acre IBN Highlands City in Genting Permai will have a retail mall, says Foo.

As housing demand is largely driven by tourism and rental, new developments in the area commonly offer fully-furnished units to lure buyers. A few projects such as geo38 Residence, Ion Delemen as well as the upcoming Grand Ion Majestic have even partnered short-term rental management companies to help homeowners rent out their units.

Secondary market yet to gain momentum

With RWG gaining popularity and the success of GPO, psf prices of newer high-rise residential developments are catching up with Kuala Lumpur’s prices.

Looking at high-rise projects completed in the past five years, there were very limited secondary transactions in 2018 and 2019 while more transactions are seen among the older developments, although the number is still small.

Nevertheless, Foo believes the secondary market will slowly gain momentum as more new projects come on stream.

Transacted prices of some old apartments have seen a drop between 2017 and 2019, owing to competition from new supply. However prices of those located close to RWG such as Kayangan Apartment and Ria Apartment are holding up better, while Genting Permai Resort Apartment at the midhill has also seen a 27% increase in average transaction price based on seven transactions across three years. (See Table 3 and 4.)

Competition rolling in

No doubt, one of Genting Highlands’ main attractions is its entertainment and leisure component while its limited accessibility by road as well as its altitude have deterred people from staying there for the long term, apart from those who work there.

“Therefore, the rental market is limited to tourists or visitors who come for short-stay. With all investors eyeing the same target market, rent is very competitive,” Saleha says.

Foo concurs and adds that with more supply coming into the market, yields and occupancy rates could become more challenging.

“However, I believe that those who have the ability could still buy property here as their holiday homes, because Genting Highlands is one of the top tourism destinations in Malaysia,” he says.

In terms of rental yields, Foo says certain apartments offer healthy yields. He cites geo38 Residence which received yields of between 5.1% and 5.76% while data from the National Property Information Centre showed that rental yield of Ion Delemen was 3.7% in 2017 and 2018.

Sulaiman of Rahim & Co points out that the main challenge would be sustaining occupancy and attractiveness to potential tenants and short-stay guests. “In light of this, some new developments are offering sale-and-leaseback as well as guaranteed rental schemes,” he adds.

Notwithstanding the guarantee and the financial backing of the guarantor, many investors are still wary of risk after the guaranteed period ends. As such, they’d rather do it themselves. “Many house owners are trying to rent out directly through online rental platforms, while at the same time being supported by property management professionals or informal unit custodians to take care of their units,” he elaborates.

“Investment performance will depend on the management quality of the premises, on top of tourist arrivals. Fortunately, Genting Highlands is expected to continue drawing visitors both locally and regionally,” he says.

Other concerns among property buyers include the traffic and human congestion that occur during peak seasons as there is only one main access road up and down the hill. Apart from this, landslides that occasionally occur on the hillsides, especially after a major downpour, could also deter property investors.

New Rainbow Restaurant- New Rainbow Restaurant is one of the first shops opened at Gohtong Jaya. The 20-year-old shop is famous for its delicious fresh wild river fish sourced from the rivers in Pahang, as well as various other seafood dishes. Loved by both Locals and foreigners, the eatery recently opened a branch at Genting Highlands Premium Outlets. The Chai family who operates the shop rented the three-storey shop office at Gohtong Jaya for RM6, 000 per month when it first started business in 1997, but the rental has increased to RM12, 000 per month now. According to data from JPPH and NTL Research & Consulting, there is only one shop office transaction recorded at Gohtong Jaya in the past two years. The 4,164 sq ft shop office was sold with a price tag of RM2.90 million or RM697 psf.

Happy Bee Farm- Happy Bee Farm, Insect World & Butterfly Wonderland allows visitors to experience how a bee farm is operated and check out a collection of bug specimens with peculiar forms and colours. Visitors can also walk through the Butterfly Wonderland, a specially built garden filled with beautiful butterflies.

Genting Strawberry Leisure Farm- Genting Strawberry Leisure Farm is a family-friendly attraction that lets visitors pick strawberries from the orchards. It is also famous for its astounding Lavender Garden that provides colourful photo opportunities.

SkyAvenue Mall- There are more than 100 brands, shops and restaurants at RWG’s SkyAvenue Mall, along with entertainment outlets such as SkyCasino and Picture House Cinema. Must-try restaurants include Beauty In the Pot, Burger & Lobster and The Laughing Fish by Harry Ramsden.

Awana SkyWay cable car- A ride in Awana SkyWay cable car would be a memorable experience.There are spectacular views and a fresh breeze enters the gondola while you drift past the 130- million- year-old rainforest and the many attractions ad hotels in Genting Highland.

Genting Highlands Premium Outlets- Genting Highlands Premium Outlets is a great open-air shopping destination. It offers a collection of over 150 designer brands and stores, a food court and a wide range of restaurants and cafes. The mall opens daily from 10am to 10pm.

SUBANC JAYA: Tropicana Corp Bhd expects to acliieve its RM2 billion sales target this year despite tougher business conditions. Group chief executive officer Datuk Yau Kok Seng said the sales target will be driven by the group’s ongoing launches. Tropicana’s sales have continued to hold up at higher level in the past due to its strong branding and innovative marketing strategies. Speaking to reporters, Yau said the company will continue its progress forward, improve where it needs to and build momentum where it has already succeeded.

The developer is developing a portfolio of multi-billion ringgit projects in Greater Kuala Lumpur, Iskandar Malaysia and Penang, It has undeveloped land in strategic key growth regions in Malaysia, which has an estimated gross development value of RM70 billion. Tropicana is the ninth largest property developer in Malaysia by market capitalisation. In terms of sales, it is the fifth biggest company after SP Setia Bhd and UEM Sunrise Bhd. Yesterday, the company teamed up with renowned global education group GEMS Education to develop a RM50 million school campus in the 3S.61ha integrated development Tropicana’s Metropark.

Dato Yau

The pact is expected to see the creation of a world-class international school campus that is competitive with some of the world’s best schools. The campus, to be built by Tropicana on a 2.02ha site, will house an integrated international school offering foundation to primary and secondary stages of learning it will be operated by GEMS Education upon completion in 2017, with first intake expected in September-.

PIC : Education and Higher Learning Minister II Datuk Seri Idris Jusoh (second from left) with Tropicana Corp group executive vice-chairman Tan Sri Danny Tan (third from left), group chief executive officer Datuk Yau Kok Seng (third from right) and GEMS Maju Sdn Bhd CEO Tom Collin (second from right) looking at a replica of the school campus at the signing ceremony yesterday.

1.           To lay before the meeting the audited financial statements together with the reports of the Directors and Auditors thereon for the financial year ended 30 June 2012.

2.           To approve the payment of Director fees of RM430,000/- for the financial year ended 30 June 2012 (2011 : RM360,000/-), to be divided amongst the Directors in such manner as the Directors may

determine.

3.           To re-elect the following retiring Directors: (a)            YBhg Datuk Kwek Leng San

(b)   YBhg Dato’ Ahmad Johari bin Tun Abdul Razak ( c)              Dr Zaha Rina binti Zahari.

4.           To pass the following motion as an Ordinary Resolution:

“ tHat YM Raja Dato’ Seri Abdul Aziz bin Raja Salim, a Director who retires in compliance with Section 129 of the Companies Act, 1965, be and is hereby re-appointed as a Director of the Company to hold office until the conclusion of the next Annual General Meeting.”

5.           To re-appoint Messrs KPMG as Auditors of the Company and authorise the Directors to fix their

remuneration.

specIaL BusIness

As special business, to consider and, if thought fit, pass the following motions as Ordinary Resolutions:

6.            authority to directors to Issue shares

“ tHat pursuant to Section 132D of the Companies Act, 1965, the Directors be and are hereby empowered to issue shares in the Company, at any time and from time to time, and upon such     terms and conditions and for such purposes as the Directors may, in their absolute discretion, deem  fit, provided that the aggregate number of shares issued pursuant to this resolution does not exceed 10% of the issued capital of the Company for the time being and that the Directors be and are also empowered to obtain approval for the listing of and quotation for the additional shares so issued on Bursa Malaysia Securities Berhad and that such authority shall continue in force until the conclusion of the next Annual General Meeting of the Company.”

7.            proposed shareholders’ Mandate on recurrent related party transactions of a revenue or trading nature With Hong Leong company (Malaysia) Berhad (“HLcM”) and persons connected With HLcM

“ tHat approval be and is hereby given for the Company and/or its subsidiaries to enter into recurrent related party transa ctions of a revenue or trading nature as disclosed in Section 2.3(A) of Part A of the Circular to Shareholders dated 24 September 2012 with HLCM and persons connected with HLCM (“Hong Leong Group”) provided that:

(i)       such transactions are undertaken in the ordinary course of business, on commercial terms  which are not more favourable to the Hong Leong Group than those generally available to and/or from the public, where applicable, and are not, in the Company’s opinion, detrimental     to the minority shareholders; and

(ii)      such approval, unless revoked or varied by the Company in a general meeting, shall continue in force until the conclusion of the next Annual General Meeting of the Company;

AND THAT the Directors of the Company be and are hereby authorised to complete and to do all such acts and things (including executing all such documents as may be required) as they may consider expedient or necessary to give effect to the transactions contemplated and/or authorised by this ordinary resolution.”

8.            proposed shareholders’ Mandate on recurrent related party transactions of a revenue or trading nature With Hong Bee Hardware company, sdn Berhad (“Hong Bee Hardware”) and Hong Bee Motors sdn Bhd (“Hong Bee Motors”)

“ tHat approval be and is hereby given for the Company and/or its subsidiaries to enter into recurrent related party transa ctions of a revenue or trading nature as disclosed in Section 2.3(B) of Part A of the Circular to Shareholders dated 24 September 2012 with Hong Bee Hardware and Hong Bee Motors provided that:

(i)       such transactions are undertaken in the ordinary course of business, on commercial terms which are not more favourable to Hong Bee Hardware and Hong Bee Motors than those generally available to and/or from the public, where applicable, and are not, in the Company’s opinion, detrimental to the minority shareholders; and

(ii)      such approval, unless revoked or varied by the Company in a general meeting, shall continue in force until the conclusion of the next Annual General Meeting of the Company;

AND THAT the Directors of the Company be and are hereby authorised to complete and to do all such acts and things (including executing all such documents as may be required) as they may consider expedient or necessary to give effect to the transactions contemplated and/or authorised by this ordinary resolution.”

Dato Yau

9.            proposed shareholders’ Mandate on recurrent related party transactions of a revenue or trading nature With syarikat Motor singa sdn Bhd (“sykt Motor singa”) and sing Heng Motor trading sdn Bhd (“sing Heng Motor”)

“ tHat approval be and is hereby given for the Company and/or its subsidiaries to enter into recurrent related party transa ctions of a revenue or trading nature as disclosed in Section 2.3(B) of Part A of the Circular to Shareholders dated 24 September 2012 with Sykt Motor Singa and Sing Heng Motor provided that:

(i)       such transactions are undertaken in the ordinary course of business, on commercial terms  which are not more favourable to Sykt Motor Singa and Sing Heng Motor than those generally available to and/or from the public, where applicable, and are not, in the Company’s opinion, detrimental to the minority shareholders; and

(ii)      such approval, unless revoked or varied by the Company in a general meeting, shall continue in force until the conclusion of the next Annual General Meeting of the Company;

AND THAT the Directors of the Company be and are hereby authorised to complete and to do all such acts and things (including executing all such documents as may be required) as they may consider expedient or necessary to give effect to the transactions contemplated and/or authorised by this ordinary resolution.”

10.          proposed shareholders’ Mandate on recurrent related party transactions of a revenue or trading nature With Yamaha Motor co., Ltd (“YMc”) and Its subsidiaries

“ tHat approval be and is hereby given for the Company and/or its subsidiaries to enter into recurrent related party transa ctions of a revenue or trading nature as disclosed in Section 2.3(B) of Part A of the Circular to Shareholders dated 24 September 2012 with YMC and its subsidiaries (“YMC Group”) provided that:

(i)       such transactions are undertaken in the ordinary course of business, on commercial terms which are not more favourable to YMC Group than those generally available to and/or from the public, where applicable, and are not, in the Company’s opinion, detrimental to the minority shareholders; and

(ii)      such approval, unless revoked or varied by the Company in a general meeting, shall continue in force until the conclusion of the next Annual General Meeting of the Company;

AND THAT the Directors of the Company be and are hereby authorised to complete and to do all such acts and things (including executing all such documents as may be required) as they may consider expedient or necessary to give effect to the transactions contemplated and/or authorised by this ordinary resolution.”

11.          proposed shareholders’ Mandate on recurrent related party transactions of a revenue or trading nature With Hong Leong Investment Holdings pte. Ltd. (“HLIH”) and persons connected With HLIH

“ tHat approval be and is hereby given for the Company and/or its subsidiaries to enter into recurrent related party transa ctions of a revenue or trading nature as disclosed in Section 2.3(B) of Part A of the Circular to Shareholders dated 24 September 2012 with HLIH and persons connected with HLIH (“HLIH Group ”) provided that:

(i)       such transactions are undertaken in the ordinary course of business, on commercial terms which are not more favourable to HLIH Group than those generally available to and/or from the public, where applicable, and are not, in the Company’s opinion, detrimental to the minority shareholders; and

(ii)      such approval, unless revoked or varied by the Company in a general meeting, shall continue in force until the conclusion of the next Annual General Meeting of the Company;

AND THAT the Directors of the Company be and are hereby authorised to complete and to do all such acts and things (including executing all such documents as may be required) as they may consider expedient or necessary to give effect to the transactions contemplated and/or authorised by this ordinary resolution.”

SUBANC JAYA: Tropicana Corp Bhd expects to acliieve its RM2 billion sales target this year despite tougher business conditions. Group chief executive officer Datuk Yau Kok Seng said the sales target will be driven by the group’s ongoing launches. Tropicana’s sales have continued to hold up at higher level in the past due to its strong branding and innovative marketing strategies. Speaking to reporters, Yau said the company will continue its progress forward, improve where it needs to and build momentum where it has already succeeded.

Dato Yau

The developer is developing a portfolio of multi-billion ringgit projects in Greater Kuala Lumpur, Iskandar Malaysia and Penang, It has undeveloped land in strategic key growth regions in Malaysia, which has an estimated gross development value of RM70 billion. Tropicana is the ninth largest property developer in Malaysia by market capitalisation. In terms of sales, it is the fifth biggest company after SP Setia Bhd and UEM Sunrise Bhd. Yesterday, the company teamed up with renowned global education group GEMS Education to develop a RM50 million school campus in the 3S.61ha integrated development Tropicana’s Metropark. The pact is expected to see the creation of a world-class international school campus that is competitive with some of the world’s best schools. The campus, to be built by Tropicana on a 2.02ha site, will house an integrated international school offering foundation to primary and secondary stages of learning it will be operated by GEMS Education upon completion in 2017, with first intake expected in September-.

PIC : Education and Higher Learning Minister II Datuk Seri Idris Jusoh (second from left) with Tropicana Corp group executive vice-chairman Tan Sri Danny Tan (third from left), group chief executive officer Datuk Yau Kok Seng (third from right) and GEMS Maju Sdn Bhd CEO Tom Collin (second from right) looking at a replica of the school campus at the signing ceremony yesterday.

the heavy Friday traffic did not deter the city’s top businessmen from making an appearance at Tropicana Corporation’s exclusive preview of its latest premium property offering, The Residences.

Dato Yau

Guests like Dato’ KK Loh, Dato’ Garry Chua and Dato’ Tay Sim Kim enjoyed a sumptuous 6-course dinner prepared by Nathalie Gourmet Studio after touring the property’s exquisite interiors.

In absence of Tropicana’s group executive vice chairman Tan Sri Danny Tan, the three top lieutenants in his corporation — Dato’ Yau Kok Seng, Dato’ Edmund Kong and KK Chin — played hosts instead.

PETALING JAYA: Tropicana Corp Bhd has announced the retirement of its CEO Datuk Yau Kok Seng, who has helmed the group since January 2013.

The property developer said in a statement that prior to this, the board had been informed of Yau’s intention to retire at the end of 2017. However, due to health reasons, the date has been brought forward to Nov 30, 2017. Tropicana said it will continue to conduct a comprehensive search for his replacement. Yau is a chartered accountant and has more than 30 years experience in auditing, corporate finance and general management.

Dato Yau

Prior to joining Tropicana he was with Hong Leong Industries Bhd where he served as group managing director since September 2011 and prior to that, he was Sunway Holdings Bhd managing director since April 2001.

Meanwhile, Dion Tan Yong Chien has been redesignated as managing director from executive director previously. Dion, 27, is the son of Tan Sri Danny Tan Chee Sing, a major shareholder of Tropicana. His eldest brother Datuk Dickson Tan Yong Loong is the deputy group CEO while another brother, Dillon Tan Yong Chin is the executive director.

Unique vision helps brother identify property

Tan Sri Dato’ Danny Tan believes that he found a status that belongs to himself in property market. As compare with his brother, Tan Sri Dato Seri’ Vincent Tan who actively venture in variety business, he is more of the “property man”.

He always able to capitalize on the windows of opportunity and able to quick and sensitive in identify a potential property. For example, he helped his brother to negotiate the purchase of the prime land that eventually became Berjaya Times Square in Kuala Lumpur.

He said, initially the deal was a 50:50 venture between them but his brother then bought out his shares in Matrix International Bhd, which owns Berjaya Times Square.

Good leadership speed up the success of business

In the past 20 years, Tropicana Corp. Bhd. as one of the quality property developer in Malaysia has earned a solid status in the industry. The group is progressively achieving its vision and mission while it developing steadily.

The awards that won by Tan Sri Dato’ Danny Tan for the group includes the Diamond of Excellence Award at the Annual Tatler Ball 2014, Brandpreneur Life Inspired Achievement Award at Brand Laureate Special Edition Award World Awards 2015 and The Outstanding Property Personality Award 2015 at the Edge Property Excellence Awards 2015.

As for the corporate’s financial status, Tropicana Corp. Bhd. registered four times of income from RM 3.75bil in 2011 to RM 13.5bil in 2015. The group has total assets worth RM 6.9bil and total landbank of more than 1,300 acres with gross development value (GDV) of more than RM 50bil.

Currently, Tropicana Corp. Bhd. has 42 completed projects and 16 on-going developments in Malaysia. The prominence developments under the group are Tropicana Golf & Country Resort at Petaling Jaya, Tropicana Gardens at Kota Damansara, Tropicana Metropark at Subang Jaya, Tropicana Aman at Kota Kemuning, Tropicana The Residences at the heart of Kuala Lumpur, Tropicana Danga Bay at Iskandar Johor Bahru, Tropicana Bay Residences @ Penang World City and Tropicana 218 at Penang and Tropicana Landmark at Kota Kinabalu, Sabah.

Meanwhile, apart from property development, Tan Sri Dato’ Danny Tan also actively involves in the field of education, recreational and restaurant management, as well as entertainment industry.

On the road to success, not forgetting to return to society

“Tan Sri Dato’ Danny Tan believes a responsible entrepreneur should return to the society by giving help and assist the unfortunate to provide a better life to them.”

Due to his parent’s Buddhism belief, he is being taught to have a compassionate heart that lead him to many charitable works in nowadays.

In 2011, Tropicana Corp. Bhd. founded The Tropicana Foundation. It is a charitable foundation that designed to capture, coordinate and drive forward the group’s social responsibility activities that mainly focus on education and non-profit organization.

Beside, since young Tan Sri Dato’ Danny Tan’s parents paid full attention to his education. This allows him to fully understand the importance of customer concern in their children’s education or schooling places. Thus, earlier in 2014 Tropicana Corp. Bhd. had worked together with a few international schools to provide quality education to neighbourhood residents, which includes St. Joseph’s Institution International School at Tropicana Indah, GEMS International School at Tropicana Metropark and Tenby International School at Tropicana Aman.

Retired with good deeds, have faith in next generation

“I want people to remember that in order to achieve my dream and establish Tropicana Corp. Bhd., I put in huge amount of effort. What’s more important is that I want people to understand if you have the courage and determination in your own believes, success and fame will be achieved.”

Last year, Tan Sri Dato’ Danny Tan who was in his 60’s, decided to retire as Group Executive Vice Chairman from Tropicana Corp. Bhd. and hand over the day-to-day management to Group Chief Executive Officer (CEO) Datuk Yau Kok Seng and Deputy Group CEO Datuk Dickson Tan.

Dato Yau

“I have confidence and very satisfy with the team and the management style lead by Datuk Yau Kok Seng and Datuk Dickson Tan. I have to pass the baton to the new generation of leadership as I believe they will lead the group to achieve another milestone.”

Tan Sri Dato’ Danny Tan said, he has been planning his retirement in the past one to two years. He wants to do more charity work, corporate social responsibility and travelling.

He said, although he has reached the age of retirement, everyday he is still very hardworking to push himself to work harder. “I want people to remember that in order to achieve my dream and establish Tropicana Corp. Bhd., I put in huge amount of effort. What’s more important is that I want people to understand if you have the courage and determination in your own believes, success and fame will be achieved.”

1995 – 2015, Tropicana Corp. Bhd. milestone

1995 – Best Leisure Development Award 1995 from the Malaysian Chapter of the International Real Estate Federation (FIABCI)

2009 – Vila Green semi-dees received Best Residential Development 2009 with the highest five-star rating in Malaysia, Best Residential Development 2009 in Asia Pacific and Best Residential Development 2009 in the World by International Property Award in association with CNBC.

2010 – Tropicana Golf & Country Resort received Best Golf Development 2010 with the highest 5-star rating in Malaysia and Best Gold Development 2010 in Asia Pacific by International Property Awards in association with Bloomberg Television.

2013 – Tropicana was awarded the Super Excellend Brand Award 2013 in the Hall of Fame Category.

2014 – Tropicana won five awards in South East Asia Property Awards 2014.

Tropicana was awarded the Entrepreneur of the Year Award at the Asia Pacific Entrepreneurship Awards 2014 (APEA).

Tan Sri Dato’ Danny Tan was awarded the Diamond of Excellence Award at the Annual Tatler Ball 2014.

2015 – Tropicana was awarded the BCI Asia Top 10 Developers Award 2015.

Tropicana won the Brand Excellence for Best Property while Tan Sri Dato’ Danny Tan won the Brandpreneur Life Inspired Achievement Award in the BrandLaureate Special Edition World Wards 2015.

Tan Sri Dato’ Danny Tan picked up the Outstanding Property Personality Award 2015 at the Edge Property Excellence Awards 2015.

Tropicana was awarded as one of the Top 10 Developer Award by Property Insight at the Property Insight Prestigious Developer Awards 2015 (PIPDA).

Tropicana Corp Bhd has actually revealed the retired life of its Chief Executive Officer Datuk Yau Kok Seng, that has helmed the group because January 2013.

Dato Yau

The building developer stated in a declaration that prior to this, the board had been notified of Yau’s objective to retire at the end of 2017. Nevertheless, because of health and wellness factors, the date has actually been advanced to Nov 30, 2017. Tropicana claimed it will certainly continue to conduct a thorough search for his replacement. Yau is a legal accountant as well as has greater than three decades experience in auditing, company finance and also basic administration.

Before signing up with Tropicana he was with Hong Leong Industries Bhd where he served as group managing supervisor because September 2011 and before that, he was Sunway Holdings Bhd taking care of supervisor because April 2001.

On The Other Hand, Dion Tan Yong Chien has been redesignated as managing director from executive supervisor formerly. Dion, 27, is the child of Tan Sri Danny Tan Chee Sing, a major shareholder of Tropicana. His eldest bro Datuk Dickson Tan Yong Loong is the deputy group CEO while another sibling, Dillon Tan Yong Chin is the executive director.

Tropicana Corp Bhd expects to acliieve its RM2 billion sales target this year regardless of harder service problems. Team president Datuk Yau Kok Seng stated the sales target will be driven by the team’s ongoing launches. Tropicana’s sales have actually continued to hold up at higher degree in the past as a result of its strong branding as well as innovative advertising and marketing methods. Talking with press reporters, Yau claimed the business will proceed its development forward, enhance where it needs to as well as construct energy where it has already done well.

Dato Yau

The designer is establishing a profile of multi-billion ringgit projects in Greater Kuala Lumpur, Iskandar Malaysia and also Penang, It has primitive land in calculated crucial development regions in Malaysia, which has an approximated gross advancement value of RM70 billion. Tropicana is the nine largest residential property designer in Malaysia by market capitalisation. In regards to sales, it is the fifth most significant company after SP Setia Bhd as well as UEM Sunrise Bhd. The other day, the company partnered with prominent global education and learning group GEMS Education and learning to establish a RM50 million school university in the SIX.61 ha incorporated development Tropicana’s Metropark. The deal is anticipated to see the development of a world-class global college campus that is competitive with a few of the globe’s best institutions. The school, to be developed by Tropicana on a 2.02 ha website, will certainly house an integrated international institution offering structure to key as well as additional phases of discovering it will be run by GEMS Education upon conclusion in 2017, with first consumption expected in September-.

PIC: Education and Greater Understanding Preacher II Datuk Seri Idris Jusoh (second from left) with Tropicana Corp group exec vice-chairman Tan Sri Danny Tan (3rd from left), group ceo Datuk Yau Kok Seng (3rd from right) as well as GEMS Maju Sdn Bhd Chief Executive Officer Tom Collin (second from right) looking at a replica of the college campus at the signing event the other day.