Tropicana integrates solar and managed renovation at Avisa Residences

PETALING JAYA (Feb 26): Tropicana Corp Bhd has formalised two partnerships at its Tropicana Alam township in Puncak Alam, introducing managed renovation and solar energy options at the 480-unit Avisa Residences development.

The group signed agreements with Signature Distribution Sdn Bhd and EDCA Energy to provide interior renovation packages and solar panel systems.

Tropicana said the initiative supports its four-star ESG rating on the FTSE4Good Bursa Malaysia Index and Avisa Residences’ GreenRE certification.

Pre-handover renovation model

Under the collaboration with Signature, purchasers may select from seven curated renovation packages priced from RM20,800.

A key component is an instalment-based prepayment structure, allowing purchasers to settle renovation costs over six, 12 or 18 months prior to vacant possession.

Tropicana Corp’s managing director of marketing & sales and business development Ixora Ang, said engagement begins at the sale and purchase agreement (SPA) stage.

“With a keen understanding of the financial commitments that come with moving into a new home, we have thoughtfully curated packages … enabling homeowners to step into their dream residence from as low as RM20,800,” she said.

Group CEO of Signature International Bhd Lau Kock Sang, said the structured prepayment arrangement, offered without interest, enables earlier planning and greater financial clarity for purchasers.

Solar ATAP rollout

In partnership with EDCA Energy, Tropicana is introducing the Solar Accelerated Transition Action Programme (Solar ATAP) at Avisa Residences.

The first 50 units will be eligible for preferential rates on solar panel systems.

“Avisa Residences is Tropicana Alam’s first GreenRE-certified two-storey Premium Green Terraces, so the adoption of solar panels is a natural extension of our sustainability commitment,” Ang said.

Development profile

Avisa Residences forms part of the 362-acre Tropicana Alam master plan in Puncak Alam.

Key details include:

*Scale: 480 units across 35.82 acres

*Pricing: From RM688,800

*Orientation: North–south layout to enhance natural ventilation

*Materials: Green concrete and low-VOC paint to support indoor air quality

*Energy option: Solar panel systems via EDCA Energy

According to the developer, approximately 29% of Tropicana Alam is allocated to green spaces and water bodies.

Analyst commentary

Research houses have noted the sustainability integration within the broader township strategy.

RHB Investment Bank (Neutral) said the Puncak Alam master plan provides long-term landbank visibility and that the renovation structure may help reduce vacant possession risk for first-time buyers.

HLIB Research (Hold) noted that ESG initiatives strengthen brand positioning, though earnings impact is likely to be reflected through improved sales velocity rather than immediate margin expansion.

Kenanga Research (Market Perform) highlighted the ongoing Chinese New Year campaign as a potential short-term catalyst.

Township positioning

Ang said the partnerships reflect the group’s emphasis on sustainability within township development.

The integration of managed renovation and renewable energy solutions is intended to support energy efficiency and quality control as Puncak Alam continues to see residential expansion.

Editor’s note: Tropicana Corp maintains a four-star ESG rating on the FTSE4Good Bursa Malaysia Index. The Chinese New Year Prosperity Campaign, offering rewards of up to RM2.88 million, is scheduled to conclude on Feb 28, this year. Readers should conduct their own due diligence. This is not investment advice.

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