As investors and buyers become more discerning, there is also a pressing need for developers to respond accordingly. Recognizing today’s trend toward holistic and balanced modern living, Tropicana Corp Bhd ventured to create a mini city of sorts through the 88-acre Tropicana Metropark. The thoroughly planned mixed development is located in Subang Jaya boasting an estimated GDV of RM6.3 billion and poised to boost the area’s real estate business.
Part of Tropicana Metropark’s impressive master plan is the fusion of work, live, play and leisure lifestyle. Ten years have been allotted to develop the entire project which, upon completion, will include commercial properties, residential projects, shopping mall, education hubs as well as a medical centre and an entertainment hotspot. In other words, the stellar project is a modern haven where every need is meant to be met.
Choices for City Dwellers
Moving forward with the plan, Tropicana Group recently unveiled phase 2 of Tropicana Metropark which is the Paloma Serviced Residences and Courtyard Villas. Comprising said residential are two towers, namely A and B, featuring a total of 587 units. Tower A will house 323 units while the rest (248 units) are sprawled across Tower B in addition to 16 exclusive villas.
Paloma, the latest addition to Tropicana Metropark, has been dubbed today’s generation’s gateway to a resort-inspired lifestyle. City dwellers who crave the delightful pleasures of green living coupled with modern comfort will find it at said residence. Choices are especially designed for young urbanities starting with studio types which are the most affordable of the units. Built-up size for studios is 600 sq.ft., a modest yet ideal size for young professionals.
For those needing a bigger unit, Paloma also has 2 to 3-bedroom options with built-up size from 900 to 1,300 sq.ft. targeted at young couples and small modern families. Larger families are not left out with exclusive villas (2,200 to 2,500 sq.ft.) perfectly designed to fit every member comfortably. Price for Paloma’s offers start from RM850 psf onwards. To double check if the cost is fair and reasonable in relation to location, you use our free valuation guide right here.
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Complete with Charming Facilities
While being part of a developing mini city is a selling point in itself, Paloma went event further with the charm factor. Luring discerning buyers to the development are key facilities meant to cater to your every whim, need and demand. Whether recreation, leisure, relaxation or fitness, the development has the following features at your beck and call:
> yoga deck
> infinity pool
> half-sunken basketball court
> lifestyle pavilion
> lounge deck
> barbecue area
> sanctuary pool
> bicycle park
Another stellar aspect of the project is the centrepiece, a 9.2-acre Central Park where more facilities are found. Within this alluring feature are the rooftop garden, sky gymnasium and gourmet kitchen. It is also in this sky high area where residents can bask and luxuriate in the breathtaking views of the city and the surroundings.
Walking Distance Conveniences
While the neighbourhood of Subang Jaya is rich with ready amenities, Paloma as part of a mixed and integrated development offers unprecedented convenience right outside your doorstep. With a shopping mall alongside Paloma, residents need not travel to indulge in exceptional dining and retail shopping. As Tropicana Metropark continues to develop, residents will later on find their workplace a mere working distance from their homes. Upon the addition of the education hub and more retail lots, dwellers will further enjoy greater convenience.
Putting Tropicana Metropark’s components together creates the ideal setting that aptly lives up to today’s new generation of investors and buyers’ expectations. Not only that but Tropicana Corporation has future plans of building a flyover worth RM150 million. Said flyover will link directly to Federal Highway affording residents excellent and unparalleled connectivity. In addition, public transport is readily available in the form of LRT and KTM facilitating traffic-free travels from the site to key destinations.
What We Think
With a GDV of RM500 million, Paloma is an excellent follow-up to Tropicana Metropark’s Pandora Serviced Residence. Said residence offered a total of 627 units with a GDV at about RM365 million. Since it was launched, take-up rate has been recorded to exceed 90%, a good indication of investors’ reception to the project. It also looks like that recently unveiled Paloma is headed to enjoy the same success. When it was launched late last year (2013), more or less 500 interested participants were present.
Paloma is just relatively costly at a minimum of RM850 psf than Pandora which launched from RM780 psf. Now, we’ll just need to wait and see if Tropicana Metropark second phase can match or even exceed the previous phase. While we’re waiting, you can also check out our free ebook guide on valuation below to compare and contrast both property’s fair market value today.