Tropicana launches Paloma Serviced Residences and Courtyard Villas

PETALING JAYA: Tropicana Corp Bhd (previously known as Dijaya Corp Bhd) recently unveiled the RM500 million Paloma Serviced Residences and Courtyard Villas, the latest phase of Tropicana Metropark in Subang, Selangor. According to the developer, about 500 people were present at the launch.

The phase is located within the RM6.25 billion 88-acre (35.6ha) freehold mixed development of Tropicana Metropark, which will be completed in 2025. Tropicana bought the land from Taiwan’s Chunghwa Picture Tubes (Malaysia) Sdn Bhd for RM385.5 million last year.

“With Tropicana Metropark, we have created a resort gateway for city dwellers,” said group managing director Datuk Dickson Tan. “This exclusive development has been built clearly to capitalise on the shift of mindset among new homeowners who prefer expansive green spaces that bring families and communities together.”

He said the younger generation of homeowners today are becoming more discerning in how they choose new design concepts and lifestyles for their families. Current trends include green open park spaces, mixed development concepts, multi-tiered security as well as easy accessibility to transport and amenities.

Paloma Services Residences and Courtyard Villas will comprise 587 units (323 units) in Tower A, (248 units) in Tower B, and 16 exclusive villas. Built-ups for the units are from 600 sq ft (1 bedroom), 900 sq ft (2 bedrooms), 1,300 sq ft (3 bedrooms) to 2,200 sq ft to 2,500 sq ft for the courtyard villas. Prices start from RM850 per sq ft (psf). Units in the earlier phase, Pandora, which were launched in the middle of this year, were sold from a starting price of RM780 psf.

Facilities such as an infinity pool, a half-sunken basketball court, bicycle park, lifestyle pavilion, barbeque area, jacuzzi, yoga, lounge deck and a sanctuary pool are available. In the heart of the development are a 9.2-acre central park, sky gym,  rooftop garden and gourmet kitchen.

Residents can access the Batu Tiga and Subang Jaya KTM stations which are five to 10 minutes away. Tropicana is spending RM150 million to build a flyover to link directly to the Federal Highway, which is slated to be completed by 2016.

This article first appeared in The Edge Financial Daily, on December 6, 2013.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.