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Continue Reading ⋅ 30 January 2023
Tropicana Miyu is a project by Tropicana Temokin Sdn Bhd, a 51:49 joint venture between Tropicana Corp and Temokin Holdings Sdn Bhd. The project is located at Jalan Harapan, Petaling Jaya, and will have a gross development value of RM280 million.
This 2.82-acre freehold condominium project was launched in Q3 of 2020. Tropicana Miyu actually means a place for ‘me’ and ‘you’, with the concept of being a perfect home for individuals and their loved ones.
The developer is riding on the project’s prime location, which is next to Sprint Highway. The layout is functional and they are targeting a mix of owner-occupiers and investors, such as families, young executives, and also parents buying for their children.
Currently, Tropicana Miyu is in the piling stage, and is scheduled for completion by mid-2024.
Address: Seksyen 17, Petaling Jaya, Selangor
Property Type: Condominium
Land Title: Residential
Land Area: 2.82 acres
No. of Block: 1
No. of Storey: 41
Total Units: 271
Tenure: Freehold
Sales Gallery: The Hub, A-G-01 & A-M-01,19 Sentral Jalan Harapan, Seksyen 19,
46300, Petaling Jaya, Selangor
Year of Completion: 2024
Built-up Area: 851 sq ft – 2,183 sq ft
Facilities:
· Water feature
· Grand lobby
· Lobby lounge
· Mail room
· Meeting room
· Surau
· 360° view guardhouse
· Leisure garden
· Washing bays
Launch Price: From RM780,000 to RM1.5 million
Launch Price Per Sq Ft: Average of RM910 psf
Maintenance Fee: 33 sen psf
Awards:
The developer, Tropicana Corporation has won multiple property accolades during the PropertyGuru Asia Property Awards (Malaysia) 2020 event such as:
- Winner: Best Developer
- Highly Commended: Best Mega Township Developer for Tropicana Aman development
- Winner: Special Recognition for ESG (Environmental, Social, Governance)
Project Details
Tropicana Miyu has a North-South orientation (Bukit Kiara or Seksyen 17 view). Of the 271 units, 28 are dual-key units and 2 are penthouses. Each unit will come with two parking bays. On average, there will be 8 typical units per floor.
The units at Tropicana Miyu will have built-ups of 851 sq ft to 2,183 sq ft, and are semi-furnished with kitchen cabinets with a hood and hob, air conditioners in all bedrooms, the living room, and a digital lock. All units will have a balcony and a yard, which would be ideal for those who want to spend more time at home.
Facilities at Tropicana Miyu will include vehicle charging stations, an infinity pool, a shallow pool, pool deck, floating gymnasium, reflexology path, children’s playground, cabana, and a barbecue area. The indicative maintenance fee is 33 sen psf, including sinking fund, per month.
Units will be priced from RM780,000 to RM1.5 million, or an average of RM910 psf.
|
Unit Types |
Built-Up |
Launch Price |
|
Type A |
· 851 sq ft · 2 bedrooms · 2 bathrooms |
From RM780,000 |
|
Type B |
· 1,030 sq ft · 3 bedrooms · 2 bathrooms |
|
|
Type C |
· 1,410 sq ft · 3 bedrooms · 3 bathrooms |
|
|
Type D |
· 1,520 sq ft · 4 bedrooms · 3 bathrooms |
Location
Tropicana Miyu is located along Jalan Harapan, and next to the Sprint Highway. As the development is located within a mature area in Petaling Jaya, the older generation can opt for high-rise living and enjoy the conveniences and amenities, while the younger generation can enjoy a modern lifestyle.
There are numerous amenities and food within a short drive as Tropicana Miyu is be in Section 17, and surrounded by Taman Megah, Taman Tun Dr Ismail, and Damansara Utama. There’s certainly plenty to choose from within a 15-minute drive.
Accessibility
- Jalan Harapan
- Jalan Universiti
- Sprint Highway
- Damansara–Puchong Expressway (LDP)
- MRT Phileo Damansara station
- MRT Taman Tun Dr. Ismail
- TTDI MRT Station
Education
- SJK(C) Chung Hwa
- SJK(C) Yuk Chai
- KDU College
- SMK Damansara Jaya
- SJK(C) Puay Chai
- Kids Academy
- SK Sri Damai
Medical Care
- Columbia Asia Hospital
- KPJ Damansara Specialist Hospital
Shopping
- Section 17 Wet Market
- 3 Damansara
- Atria Shopping Gallery
- Jaya One
- The Starling
- Amcorp Mall
Recreation
- Kelab Golf Perkhidmatan Awam (KGPA)
Analysis
There has been some debate as to whether Level 8 to 11 is reserved for Rumah Selangorku. The latest indicates that it has been removed from the project, and that the developer will develop units for Rumah Selangorku in a different plot and/or project.
The other buzz circles around the Kinrara-Damansara Expressway (KIDEX), or whatever it might be called. The highway was proposed to link both Damansara and Kinrara, and the fear is that it might be revived and be too close to the development.
Potential buyers who prefer to be located in heart of Petaling Jaya, and live in a low-density development, could give this project a closer look.
Here’s a look at residential properties in Petaling Jaya.
|
Project |
Land Tenure |
Unit Type |
Completion |
Built-up |
Approximate Launch Price |
|
Tropicana Miyu by Tropicana Temokin Sdn Bhd |
Freehold |
Condominium |
2024 |
851 sq ft – 2,183 sq ft |
From RM780,000 |
|
Freehold |
Serviced Apartment |
2019 |
550 sq ft – 1,095 sq ft
|
From RM 447,000
|
|
|
Leasehold |
Serviced Residence |
2021 |
678 sq ft – 990 sq ft |
From RM550,000 |
|
|
Leasehold |
Serviced Residence
|
2021 |
670 sq ft – 1422 sq ft |
From RM530,000 |
|
|
Leasehold |
Condominium
|
2022 |
864 sq ft – 1,148 sq ft
|
From RM445,000
|
|
|
Leasehold
|
Serviced Apartment |
2021 |
718 sq ft – 1,010 sq ft
|
From RM380,000 |
Summary
Tropicana Corp believes that there will still be demand for properties in prime locations with attractive pricing. In July 2020, the developer announced other launches, including the first phase of Tropicana Grandhill, the TwinPines Serviced Suites with fully furnished serviced apartments in Genting Highlands; Shoppes & Residences (South), a mixed development comprising retail lots and serviced apartments at Tropicana Metropark, Subang Jaya; a new landed residential phase at Tropicana Aman, Kota Kemuning; and shop offices at Gelang Patah, Johor.
If you’re looking at unit priced at RM780,000, the monthly repayment is approximately RM2,141. This is based on:
- LTV / margin of finance: 90%
- Loan amount: RM702,000
- Loan term: 30 years
- Interest rate: 3.2%
- Approximate required gross annual income: RM122,000*
These calculations derived from the PropertyGuru Home Loan Calculator.
* Assumptions: No other monthly debt obligations, with 30% of gross income to be spent on the loan
To know exactly how much home loan you can get from the banks and whether you can afford this property, you can use the PropertyGuru Loan Pre-Approval. It is FREE to use and helps you avoid loan rejections. It has a 99.9% accuracy so you can be sure of home loan approval!
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