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Continue Reading ⋅ 30 January 2023
Tropez Residences is located in Iskandar Malaysia within the Tropicana Danga Bay project, which comprises a shopping centre, serviced apartments, commercial units, and retail businesses. It sits at the edge of Johor Bahru’s Central Business District (CBD).
The freehold Tropez Residences stands at 38 storeys high, and it towers above the Danga Bay waterfront. It is developed by Tropicana Danga Bay Sdn Bhd, and the developer expects the property to make an impact for potential property owners in Johor Baru and Singapore.
They also said that the 428-unit Tower A of Tropez Residences have received positive response from with both locals and Singaporeans. This could be attributed to the timing of the launch.
It was introduced when there was an upward demand for such properties by Singaporeans, who consider them to be value-for-money in view of the rising costs of properties in Singapore.
Tropez Residences was expected to fill the market niche for luxury condominiums in the Iskandar Malaysia region. Units were priced between RM400,000 and RM1.2 million, during its 2-day launch and purchasers benefitted from discounts and rebates. Tower A was launched at the end of 2011, and Tower B was launched in Q1 of 2012.
The developer was confident that Tropez Residences will do well as its location on the bay has excellent infrastructure, making it ideal for own stay or as an investment. This RM8.3 billion integrated bayfront project spans 37 acres (15 hectares). In total, there will be three towers; Tower A (38-storey), Tower B (39-storey), and Tower C (29-storey).
A joint-venture project with Iskandar Waterfront Holdings, Tropez Residences is categorised as a green building and features rainwater harvesting system, and automated waste collection system. It is the first residential development in Johor Baru to include this feature.
Danga Bay is part of Flagship A within Iskandar Malaysia. It is expected to be one of the largest integrated waterfront urban development projects in Malaysia, with excellent road, air and sea connectivity, and direct Causeway access to Singapore.
Various mega projects have been earmarked for this area, including a financial and commercial hub, hotels, exhibition and convention centre, upscale properties and marina.
Phase 1 is named Tropez Residences, while phase 2 is known as Bora Residences.
Address: Off Jalan Skudai, Johor Bahru, 80200 Johor
Developer: Tropicana Danga Bay Sdn Bhd (Tropicana Corporation Berhad)
Sales Gallery: Lot PTB22902, Teluk Danga, Jalan Persiaran Abu Bakar Sultan, 80200 Johor Bahru, Johor
Property Type: Serviced Residence
Land Title: Residential
No. of Blocks: 3
No. of Storeys: 38-storey (Tower A & Tower B), 29-storey (Tower C)
Total Units: 1,149
Tenure: Freehold
Year of Completion: 2014
Built-up Area: 463 sq ft – 1,798 sq ft
Facilities:
Level 6
- Barbeque area
- Tennis court
- Squash courts
- Water maze
- Children’s playground
- Kid’s play area
- Bee hive gazebos
- Swimming pool
- Jacuzzi
- Wading pool
- Lawn
- Pavillion
- Multi-purpose hall
- Sauna
- Changing rooms
- Gymnasium
- Games room
- Activity room
Ground Floor
- Half basketball court
Launch Price: From RM400,000
Launch Price Per Sq Ft: From RM420 per sq ft
Maintenance Fee: RM0.29 per sq ft
Project Details
Tropez Residences has 3 blocks, named Tower A, Tower B, and Tower C. All the 3 towers have panoramic views with Tower A and Tower B standing at 38 storeys, and Tower C at 29 storeys high.
Units that face outward will either enjoy Skudai view (Block C / A), Nusajaya view (Block A), sea view (Block A), Straits of Johor/Singapore view (Block B), Palace/Johor city view (Block B / C) or golf course view (Block B).
There is a total of 1,149, and that makes it a rather high-density development. The built-up area ranges between 463 sq ft and 1,798 sq ft, offering studios, 3+1 bedroom units, and duplex units.
Each unit is equipped with a kitchen cabinet, wardrobe in the master bedroom, and air-conditioners for all bedrooms and living rooms.
Tropez Residences offers a diverse mix of over 20 recreational facilities, including swimming pools, tennis court, squash courts, barbeque area, water maze, children’s playground, bee hive gazebos, kid’s play area, Jacuzzi, multi-purpose hall, gymnasium, games room, activity room, pavilion, and half basketball court.
The sky deck and gym on the rooftop overlooks the Straits of Johor, and the open-air sky lounges are themed Zen and Chi. This could be residents’ favourite area as they’ll enjoy a vista that stretches to Singapore. Additionally, Tropez Residences offers landscaped gardens and water features, with a pool deck on Level 6 that overlooks the waterfont.
Key features that were highlighted are:
- Perimeter alarm system with security fence
- Alarm handling system
- Visitor management system where all visitors are required to go through a series of verification at entrance and exit points
- Access control system
- Video recording system
- CCTV cameras installed within every 35 metres
- 24-hour security
Tropicana Corporation Bhd completed Tropez Residences ahead of schedule, and the handover of keys commenced in December 2014.
|
Block |
Built-Up |
|
Block A & B |
Type A · 689 sq ft · 1 bedroom · Level 7 – 36
Type B · 958 sq ft · 2 bedrooms · Level 6 – 36
Type B1 · 1,012 sq ft · 2 bedrooms · Level 6 – 22, 25 – 33
Type B2 · 1,044 sq ft · 2 bedrooms · Level 17 – 21, 26 – 31
Type C · 1,163 sq ft · 2 + 1 bedrooms · Level 12 – 20, 28 – 36
Type C1 · 1,163 sq ft · 2 + 1 bedrooms · Level 6 – 12, 20 – 24, 33 – 36
Type C2 · 1,184 sq ft · 2 + 1 bedrooms · Level 21 – 32
Type C3 · 1,206 sq ft · 2 + 1 bedrooms · Level 6 – 11
Type C4 · 1,206 sq ft · 2 + 1 bedrooms · Level 6 – 15, 21 – 27
Type C5 · 1,206 sq ft · 2 + 1 bedrooms · Level 13 – 19
Type D · 1,615 sq ft · 3 + 1 bedrooms · Level 34 – 36
Type D2 · 1,722 sq ft · 3 + 1 bedrooms · Level 10 – 16
Type D3 · 1,668 sq ft · 3 + 1 bedrooms · Level 6 – 9, 17 – 23
Type E · 1,378 sq ft · 2 bedrooms · Level 36 & 37
Type F · 1,798 sq ft · 3 bedrooms · Level 36 & 37
|
|
Block C |
Type S1 · 463 sq ft · 1 bedroom · Level 6 – 28
Type S2 · 495 sq ft · 1 bedroom · Level 8 – 24
|
Location
Tropez Residences is in the highly strategic area of Zone A in Iskandar Malaysia. It is just 10 minutes away from the Johor-Singapore Causeway Link.
This integrated development is also easily connected to Nusajaya, Zone B of Iskandar Malaysia, within a 15-minute drive via the new coastal highway. Plus, it takes about 20 minutes to the Second Link (Tuas-Singapore).
Tropicana Danga Bay’s close proximity to the North-South Expressway makes it easily accessible to other parts of Johor, and Malaysia. As for recreation, Tropez Residences is just about a 15-minute drive to Legoland and Educity.
The development is also located near the Rapid Transit System which forms a convenient link between Johor Bahru and Singapore. Once completed, the journey between Bukit Chagar station in Johor and Woodlands North station in Singapore will take only 5 minutes. This 4km link project is expected to be completed in 2026.
For public transportation, there’s the Larkin Bus Terminal which is about 3km away from Tropez Residences. Alternatively, residents can catch a train from Danga City Mall KTM station which is approximately 4km away.
Accessibility
- Coastal Highway
- Singapore-JB Ring Road
- JB Parkway
- Senai-Desaru Expressway (SDE)
- North-South Expressway (NSE)
- Pasir Gudang Highway
- Eastern Dispersal Link (EDL)
- Eastern Coastal Highway
- Senai International Airport
- Causeway Link
- JB-Singapore Rail Transit System (expected completion in 2026)
Education
- University Technology Malaysia
- Educity
Medical Care
- Columbia Asia
- Gleneagles Medini Hospitals
- Kensington Green Specialist Centre
Shopping
- Johor Premium Outlet
- AEON
- Mall of Medini
- Komtar JBCC
- Johor Bahru City Square
- Paradigm Mall Johor Bahru
Recreation
- Danga Bay Park
- Danga Bay Convention Centre
- Johor Golf & Country Club
- Pulai Springs Resort
- Sanrio Hello Kitty Town
- Legoland Malaysia
- Starhill Golf & Country Club
- Austin Hill Country Club
- NSRCC Kranji Sanctuary Golf Course
- Horizon Hills Golf & Country Club
Analysis
During the launch, the developer offered free legal fees, free stamp duty, partially furnished units, zero-interest rates, and zero-instalment payments during the construction period. The first 170 buyers were also entitled to an additional 5% discount.
Tropez Residences is of the Tropicana Danga Bay’s first phase. There are 6 phases of development in total, and components will include a shopping mall, medical centre, international school, 4- or 5-star hotel, and office buildings. The project was launched in 2011 and development is between 10 to 12 years.
All the condominium residents will have access to other buildings via a designated sky-bridge. Property prices at Danga Bay, including the upscale Tropez services apartments, are expected to reach RM1,200 per sq ft, or half of the median price at Singapore’s Woodlands.
There have been comments that the price per sq ft is too high for its location. However, that hasn’t stopped investors from purchasing units there. Let’s have a quick look at the approximate gross rental yield for a 958 sq ft unit:
- Purchase price: RM470,000
- Rent out: RM1,300 per month
- Gross rental yield: About 32% per annum
Here’s a look at residential properties in Johor.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
Tropez Residences @ Tropicana Danga Bay by Tropicana Corporation Berhad |
Freehold |
Serviced Residence |
2014 |
463 sq ft – 1,798 sq ft |
From RM400,000 |
|
Bora Residences @ Tropicana Danga Bay by Tropicana Corporation Berhad |
Freehold |
Condominium |
2019 |
694 sq ft – 3,443 sq ft |
From RM700,000 |
|
The Valley @ Horizon Hills by Gamuda Berhad |
Freehold |
Double-storey link homes |
2015 |
2,139 sq ft – 2,583 sq ft |
From RM1.03 million |
|
Paragon Residences @ Straits View by Amprojek Construction Sdn Bhd (Jo Land Group) |
Freehold |
Condominium |
2015 |
732 sq ft –2,820 sq ft
|
From RM538,989 |
|
Setia Sky 88 by Setia Promenade Sdn Bhd |
Freehold |
Condominium |
2016 |
484 sq ft – 1,389 sq ft |
From RM578,000 |
|
Freehold
|
Serviced Residence
|
2018 |
469 sq ft – 1,386 sq ft |
From RM550,000 |
|
|
Senibong Cove – The WaterEdge Apartments by Senibong Cove Development Sdn Bhd |
Freehold
|
Apartment
|
2018 |
1,184 sq ft – 1,894 sq ft |
From RM470,000 |
|
The Astaka @ One Bukit Senyum by Astaka Holdings |
Freehold
|
Condominium |
2018 |
2,207 sq ft – 5,554 sq ft |
From RM1,710,000 |
|
Aspira ParkHomes by UEM Sunrise |
Freehold |
2-storey terraced houses |
2020 |
1,931 sq ft – 2,012 sq ft |
From RM599,000
|
|
Freehold |
2-storey terrace houses |
2025 |
1,701 sq ft – 2,239 sq ft |
From RM600,000 |
Summary
Properties within a 15-minute walking distance to the RTS hub could be in high demand, in the near future. The Bukit Chagar station will feature a 4-storey block, encompassing the train platform and CIQ.
It will be part of a transit-oriented development with the adjoining JB Sentral station and a mixed property project.
Tropicana Corporation Berhad has won many awards over the years. Tropez Residences @ Tropicana Danga Bay is expected to be another successful residential development. Recently, they won more awards at the PropertyGuru Asia Property Awards (Malaysia) 2020. They include:
- Best Developer
- Winner: Best High End Condo Development (Central) – Tropicana Grandhill
- High Commended: Best Mega Township Developer – Tropicana Aman
- Winner: Best Landed Development (Central) For Tropicana Aman – Dalia Residences
- Winner: Best Mid End Landed Development (Southern) – Ayera Residences
- Winner: Best Development Development – Courtyard by Marriott, Penang @ Tropicana 218 Macalister
- Winner: Best Mixed Use Development – Tropicana Gardens
- Highly Commended: Best Retail Development – Oasis 3
- Highly Commended: Best Housing Architectural Design – Ayera Residences
- Winner: Best Condo Development (Malaysia) – Tropicana Grandhill
- Winner: Special Recognition for ESG (Environmental, Social, Governance)
- Winner: Special Recognition for CSR (Corporate Social Responsibility)
If you’re interested in a 958 sq ft unit at Tropez Residences that’s priced at RM470,000, here are its estimated loan figures.
- LTV / margin of finance: 90%
- Down payment (10%): RM47,000
- Loan amount: RM423,000
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM1,829
- Approximate required gross annual income: RM73,500*
Want to change the loan figures? Use these easy-to-use calculators:
Pro tip: Know your Debt Service Ratio (DSR)!
DSR is a method used by banks in Malaysia to calculate whether you can afford the loan you’re applying for. To calculate your Debt Service Ratio (DSR), refer to the FREE PropertyGuru Loan Pre-Approval tool. It has a 99.9% accuracy, which greatly helps in avoiding loan rejections.
* Assumptions: No other monthly debt obligations, and 30% of gross income spent on the home loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.
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