Tropicana mixed project comprises hotel, suites and retail lots
An image of a Neo Designer Suite in Tropicana 218 Macalister.
A NEW high-rise development project along Macalister Road in Penang is poised to become the talk of the town when launched at the end of next month.
The mixed integrated Tropicana 218 Macalister project, to be developed by Tropicana Corp Bhd (formerly Dijaya Corp Bhd), includes an international brand hotel with 200 rooms.
According to Tropicana Corp marketing and sales executive director Pam Loh, the project consists of two 33-storey blocks and has a total estimated gross development value of RM300mil.
Slated for completion in 2017, it will also have 211 designer suites, 88 serviced residences and 20 retail spaces besides the hotel which will be located in one of the blocks called Tower A.
“The project is on a 0.85ha plot in the centre of the George Town business district.
“It is within walking distance of Komtar and nearby are plenty of hawker stalls,” Loh said.
Residents of Tropicana 218 Macalister will enjoy facilities like an aqua gym and a garden. There will be areas set aside for rock climbing and holding barbeque parties.
To ensure privacy, there will be separate entrances for residents and hotel guests.
A 24-hour security infrastructure will be put in place, integrating an intercom and three-tier security system with card access, CCTV surveillance and alarm.
The suites, called Neo Designer Suites, with 140 units in Tower A and 71 units in Tower B, have a built-up area of between 683sq ft and 1,299sq ft each.
The 88 serviced units in Tower B are of similar size range.
The 20 retail spaces, occupying two storeys in Tower A and facing the main road, are between 378sq ft and 1,312sq ft.
Another interesting feature of the development will be a refurbished double-storey heritage bungalow that will be turned into a cafe or restaurant.
A sky lounge atop Tower A will be a relaxing hangout spot offering a breathtaking view of the sea.
The suites will be sold for RM1,000 per sq ft and the retail spaces for RM2,000 per sq ft. Prices for the residences have yet to be confirmed.
Home buyers can have their choice of sea view or city view when buying the residential units which come with at least one car park each.
Eight levels of car parking lots are included for the suites and residences while there will be two dedicated basement parking spaces for the retail outlets and hotel.
Loh said that only the 71 suites in Tower B, at eight units per floor, will be open for registration under the first phase of the launch.
She said that 18 of the units, with a built-up area of 1,299sq ft, would have the dual-key concept whereby they come with a smaller attached multi-purpose unit.
“The smaller unit of 340sq ft can be rented out or used as a SOHO (small office / home office) or turned into an extra bedroom,” she said.
She added that the completed units would be partly furnished with kitchen cabinets and electrical items.
For details and registration, contact Tropicana’s Penang sales gallery at 04-2105888 or visit www.tropicana218macalister.com.my.
Source: StarProperty.my
Rm1kpsf.. Sapu the 683sqft first? Anyone knows the sales package already?
At RM1000 per sq ft, the smallest studio is RM683K…Plus this , plus that, ding ding dong dong will reach RM700K.
This make those who bought Penang World City, 455 Sq ft smallest studio at RM300K +++ during 1st day soft launch a good bargain! You guys fighting and start the Q in early morning really worth the effort! Low entry to high end condo : D
You can stay at a big medium cost apartment and come over to this condo for the facilities!
Same branded developer: Tropicana, In fact, personally I think PWC is located at more happening location and has more prospect/promise.
Same brand also got high class and low class. How to compare? Location wise depends on your job too. If you are real penangites, then this will be the place. If you are immigrant from neighbouring state, then Bayan Lepas will be the choice. So its really up to individual preference. How many expatriate from US/Europe/Japan/Korea do you see prefer Bayan Lepas area? I only see expats from India/Bangladesh/Pakistan/Vietnam in those area.
@JT
if i wanna buy condo in Penang, i won’t choose industrial area like Bayan Lepas, terrible traffic jam during peak hour & many foreign workers stay at residential area such as Relau, Bukit Gambiar or housing area nearby Pisa.
@JT JT, you have a lot of wrong assumptions. Yes, there are some expats from US staying in the south and I’m a real Penangite who prefers to stay in Bayan Lepas area.
@laksa
I agree. The south east is already a very popular place to stay. By next month, when the 2nd bridge is ready then more will prefer to stay around here. TB, BF, PT are all old school and those who follow must start thinking with their brains instead of herd mentality.
crazy… rm1000 psf….
to be exact, rm1100psf… if this location is heritage zone / gurney / EnO tg tokong, then worth it… now it is far from komtar CBD, really need to tHiNk twice…
rm1100 psf.. this is so normal.. do you know what is their project selling price in JB near Danga Bay?? in island this is indeed vy cheap…
wah~went sales gallery , sales person told me beo designer suite of 211 units left only 6units range from 977sqft above~10k booking and commercial title,so 85% loan allowed,currently early bird rebate 7+3~ jw merriot hotel will occupied in tower b
wah~went sales gallery , sales person told me neo designer suite of 211 units left only 6units range from 977sqft above~10k booking and commercial title,so 85% loan allowed,currently early bird rebate 7+3~ jw merriot hotel will occupied in tower b
oops,correction that currently is tower b of 71units not included tower a of 140units ,neo designer suites is able to booking now ~ but left 6 units ranging from 977sqft above~ 88 units serviced units in tower b wil b launching after this~
and jw merriot hotel will b occupied in tower a
Then the price should be 1m above?and small Sqf no have already?
This project has surely been “technically” overpriced. A quick price comparison for something quite similar would be Menara Northam, of which half is occupied by Northam Hotel and the other half commercial office lots. In fact, in terms of location, Menara Northam being in close proximity to Gurney Drive is far more strategically located. Price? I would guess ~RM350 /sqft compared to Tropicana 218’s RM1000/sqft!!!! Another example would be Gurney Tower, also half hotel and commercial lots. Of course, you might argue that Tropicana 218 is not overpriced, but the others are actually undervalued…:)
@Laksa, real penangites as the one who is born and bred in Penang Island or Mainland? And how many % of the so called US expats you mention is actually staying in Bayan Lepas area? Which condos or taman to be precise?
Yes i agree. Very popular with Malaysian immigrant and also expats from India, Vietnam, Myanmar, Bangladesh, Pakistan and etc. do you agree?
@JT
Gold Coast and Baystar got many ang mo tenants.
Sam, how many is many? I think you can count the numbers with both hands, LOL.
Not only Baystar..D’ Residence also have quite couple of foreigner stay..But if want to say plenty of ang mo or foreigner tenants….come to Penang time square. Sure many..
“It is within walking distance of Komtar and nearby are plenty of hawker stalls,”
I don’t think this is sales point, why would anyone want to live near Komtar. Secondly, if you are well off and living in this hotel or serviced residence you are unlikely to care too much about eating from hawker stalls, most are filthy places.
I still thinking that PTS is much more suitable for own stay at Georgetown compare to this tropicanca project. It is over value.
As pointed out by Pam Loh in the article, only 71 units are open for sale. No matter what shit you say about it, I bet, on the first day of launching, half of the 71 units (~35) would have been “booked”….:)…71 units is not difficult to sell, half of that “associates” who managed to book the units at 30 discount, and the other half, suckers, they would probably get 10% early discount too….:)…71 units sold out!!…That’s how developers play with your emotion…:)
Developer is using dirty tactic to sold out the property lauched, so dont blindly belief on property speculator and developer, and dont listen to those still saying the property now is still cheap, read some orher article the tell the true or current ecomonic situation, Just saw news on financial risk in asia include malaysia and singapore both country have poorest score among Asian country due to excessive real credit growth.
No matter what you comment here, penangnities is not in the mind of state to listen to any advice. This is real fact known by developers and more & more properties with over price are boomig up….. Penangties will only change when 2nd tsunami come.
@KC
Speak for yourself… If you want to be ignorant and ignore the warnings that Malaysia’s economy is going into a downturn most likely worse then the Asian Financial Crisis of 1997 then that if your choice…
I know a lot of people who have been selling of their properties over the last 2 years because they can see what is coming… A lot of my friends and clients also who own businesses are all worried and like myself have been seeing our businesses contracting… Very rarely do I hear of a business that is doing better then last year or two years ago…