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HAPPENINGS<br />
Tropicana Wins at the iProperty.com People’s Choice Awards 2014<br />
Tropicana Corporation Berhad took home the iProperty.com<br />
People’s Choice Awards for Best High Rise Development thanks<br />
to its Tropicana Metropark’s Pandora and Paloma Serviced<br />
Residences project. The winning entry was based on the<br />
design, facilities, connectivity and holistic nature of Tropicana<br />
Metropark.<br />
Tropicana was also nominated in five other categories at the<br />
ceremony which were Developer of the Year, Best Luxury<br />
and Landed Development, Best Landed Development, Best<br />
Township of the Year and Best Integrated Development. The<br />
Group has seen a recent surge in their accolades with their<br />
recent wins at The Edge Property Excellence Awards as well.<br />
The award-winning Tropicana Metropark is a mixed<br />
development in Subang which comes complete with its aptly<br />
named ‘Green Lung’ which is 9.2-acre green central park. This<br />
integrated development offers varied components comprising<br />
of townhouses, serviced apartments, shop fronts, business<br />
suites, SOHO, office towers, a proposed shopping mall, medical<br />
centre and education hub.<br />
Pandora Serviced Residences, the first phase of Tropicana<br />
Metropark was launched last year with a successful take-up<br />
rate of over 90%. Its 627 units are spread across two residential<br />
towers and come in three design options which are studio,<br />
two- and three-bedroom layouts. Its second phase, Paloma<br />
Services Residences comprises two serviced residential towers<br />
which offer a total of 587 units. Tower B of Paloma Serviced<br />
Residences is open for sale and consists of 248 units which are<br />
available in studio, two-bedroom and three-bedroom designs.<br />
Ivory to Develop Land in Johor<br />
At the signing ceremony, Ivory Properties was represented by<br />
its group chief executive officer Datuk Low Eng Hock and chief<br />
operating officer Goh Chin Heng while JB Lee Properties Sdn<br />
Bhd was represented by its directors Lee Wui Ming and Sia<br />
Chai Wat. Johor Housing and Local Government Committee<br />
chairman Datuk Abdul Latiff Bandi was also present to witness<br />
the signing.<br />
Aptly named Four-Leaf Clover Residences, the proposed<br />
development in Teluk Jawa will feature four clover-like, petalshaped<br />
residential towers that offer all the convenience of<br />
inner-city living with the luxuries one would expect in a hotel.<br />
Ivory Properties Group Berhad, through its wholly-owned<br />
subsidiary Ivory Residence Sdn Bhd, firmed up a joint venture<br />
with a land owner in Johor to develop a freehold land in Teluk<br />
Jawa.<br />
The agreement between Ivory Residence Sdn Bhd and JB Lee<br />
Properties Sdn Bhd is to jointly develop approximately 8.98<br />
acres of land into a project that is estimated to have a gross<br />
development value of RM2 billion.<br />
Set within the high growth Southern Link corridor, the<br />
development borrows inspiration from the Grand Canal in<br />
Venice, incorporating a picturesque canal within the retail<br />
component of the development.<br />
“This land of opportunity has since become an ideal haven for<br />
property development by many top-notch property moguls<br />
and we at Ivory are proud to have the honour of being part of<br />
this opportunity,” Low said.<br />
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