KUALA LUMPUR: Tropicana Corporation Bhd’s (Tropicana) wholly-owned subsidiary, Tropicana Macalister Avenue (Penang) Sdn Bhd is disposing of Courtyard by Marriott Penang for RM165 million to IOI PFCC Hotel Sdn Bhd, an indirect subsidiary of IOI Properties Group Bhd.
PETALING JAYA: In a filing to Bursa Malaysia today, property developer Tropicana Corporation Bhd (Tropicana) reported its unaudited financial results .
will develop 100 acres of land in Bandar Baru Salak Tinggi into affordable landed homes with an estimated gross development value of RM656mil.
This comes after the property group s subsidiary, Oasis Garden Development Sdn Bhd, accepted the counter offer approval letter from the Sepang District/Land Office for the alienation of the 100 acres for RM95.83mil, it said in a filing with Bursa Malaysia today.
The residential development will be named M Senyum and comprise mainly double-storey terrace house with indicative land sizes of 18X65 and 20X70.
The units have an indicative starting price of RM399,000.
M Senyum is expected to be developed over a span of five years with registration of interest and launching targeted for the second half of 2021.