The transformation of a former golf course into a housing estate in Kajang has gone well for Tropicana Heights, with the first phase Fairfield Residences fully taken up and ready for handover in the first quarter of next year, says Tropicana Corp Bhd executive director Kelvin Choo.
The 2-storey houses have a gross development value (GDV) of RM308 million and were launched in March, while the 3-storey linked semi-dees have a GDV of RM 190 million and were launched in June.
According to the agent, Zack Ng of Knight Frank, the bungalow was sold with most of its furniture and fittings.
With land prices only expected to go upwards, there will only be mostly launches that will be priced above INR one crore and above, said JLL India.
The hotels will occupy two adjacent buildings and are located less than an hour from Johor and Singapore Changi airports. They are also within close proximity to the proposed high-speed rail station and technology park in Nusajaya.