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Friday, October 26, 2007

Dijaya’s designer suites popular with young, urban executives

By theSun

An artist's impression of The Tropics Designer Suites within Tropicana City

DIJAYA Corp Bhd’s (Dijaya) The Tropics Designer Suites is proving to be popular with the young urban executives who are making up the bulk of its purchasers. The 29-storey residence is located within Tropicana City, Dijaya’s 9- acre freehold development.

Tong: The majority of buyers are
yuppies wanting to live in PJ

Tong Kien Onn, managing director of Dijaya, tells PropertyPlus: “The majority of our buyers are yuppies who want to live in the Petaling Jaya area but cannot afford to purchase a link house. We also see a trend of parents buying units for their kids.”

The Tropics, 70% sold since it was open for sale in September 2006, has also been attracting retired couples looking for “small compact units and convenience” as well as investors who appreciate the convenience of living within Tropicana City.

With a gross development value (GDV) of RM135 million, the 601 units are sized between 625 sq ft and 1,176 sq ft and are priced between RM200,000 and RM458,000. Facilities at the residence include tennis and squash courts, a gymnasium, sauna and steam room as well as a 3-in-1-combo pool on the fourth floor, which is the roof of the adjoining Tropicana Mall.

According to Tong, the main attractions of the designer suites are their location, the convenience of a mall and the security, which uses access card entry. There are also 800 car park bays for the residents that are separated from the mall’s parking bays.

“We are also planning to provide wireless connectivity for the entire recreational floor, which is the fourth floor. Residents may even go online beside the swimming pool,” says Tong.

Due for completion at the end of 2009, The Tropics is the residential component of the RM600-million Tropicana City development. The other components are the 3-storey Tropicana Mall and the 105,000 sq ft Signature Office Tower.

“The structure of the mall is up and we’re at the 25% stage,” Tong states. To date, 50% of the
mall has been leased. Meanwhile, the Signature Office Tower, which previously received interests from several parties for an en bloc purchase, will now be retained for lease. Construction of the office tower is at the ground floor and completion is due early in 2009.

Dijaya’s other project, the RM380-million Tropicana Grande, will be launched early next year. “We are in the final stages of planning. We will begin a registration exercise next month and construction should begin around March next year,” says Tong.

Located within its flagship Tropicana Golf & Country Resort, the development comprises 241 units of golf course-fronting condominiums. Priced at RM400 per sq ft, it is targeted at corporate and business high-flyers, extended families, investors, as well as foreigners and will be the last piece of the project within the Tropicana Golf & Country Resort development.


Sharon said...

Recently selected Blk B Tropics Designer Suite owners have been offered a buy back program by Dijaya. Would like to discuss with other selected tropics designer owners.

Anonymous said...

Am thankful that the buy back program didn't materialise as the current appreciation value is much more now. Another selected Blk B Tropics owner like u.