KUALA LUMPUR (June 20): The property market of Tropicana in Petaling Jaya, mainly anchored by the 625-acre Tropicana Golf & Country Resort and the 409-acre Tropicana Indah, has evolved from a predominantly landed landscape into a more commercial one with more high-rise developments and retail offerings.
In addition to the Surian MRT Station nearby, the ongoing Tropicana LRT Station on the LRT 3 Bandar Utama-Klang Line that is expected to serve the area and surroundings by 2024 is expected to bode well for the area.
"The integrated development concept and enhancement to connectivity, such as the MRT and upcoming LRT3, will be key factors that appeal to potential buyers and investors," says Zerin Properties CEO Previndran Singhe. He adds that the area's property market outlook is expected to remain bright in the medium to long term.
Hartamas Real Estate chief operating officer Desmond Tho views the opening of Tropicana Gardens Mall and the MRT station as an added value and enhancement to the area. "With the addition of newer high-rises in the area, the tenant demand is rather strong as it is now able to attract the younger crowds and potential home purchasers from other areas," he says.
LaurelCap executive director Stanley Toh notes that Tropicana's appeal mainly lies in its location and affluence. "Also, the accessibility to the NKVE and Persiaran Surian as well as Ara Damansara and the Tropicana Golf & Country Resort attracts many homebuyers. The [upcoming] LRT station will be a huge catalyst for the investor market and will drive demand, as many families and young adults would want the luxury of convenience," he remarks.