A former plantation site, Bandar Seri Impian provides a relatively safe environment surrounded by lush greenery, with 24-hour gated and guarded security in each neighbourhood.
Continue Reading ⋅ 9 July 2021
Tropicana Danga Cove occupies 227 acres of Johor Baru’s eastern suburbs in Permas Jaya. It is a joint-venture development between Tropicana Corporation Berhad and Iskandar Waterfront Holdings (IWH). IWH is the master developer of the Flagship Zone A of Iskandar Malaysia. It has over 4,300 acres of landbank, most of which is prime waterfront land along the Straits of Johor and overlooking Singapore.
According to the developer, the mixed development will include freehold commercial, retail, office, residential, and MICE (meetings, incentives, conferencing and exhibitions) components.
There will be 4 signature zones to accommodate a modern style of living:
- Riverfront leisure zone – mangrove reserve park, recreation park, an amphitheatre, and more
- Market square zone – farmer’s market, pedestrian-only market street, and a commercial centre
- Park community zone – central park, terraced rain garden, an international school, themed condos, and more
- Cosmopolitan living zone – central plaza, shopping mall, convention centre. and serviced apartments
Thus, Tropicana Danga Cove is seen as an exclusive, self-contained mini township in the Johor Baru suburb. In addition to providing the rest of Johor Baru with a new leisure and shopping attraction, Tropicana Danga Cove will also offer residents a taste of upscale, modern living in a luxurious enclave that is properly planned and equipped, and where everything needed for an enjoyable urban life is never too far away.
Within Tropicana Danga Cove, the commercial component that has been launched is Danga Cove Oasis 1, 2 and 3. The first landed residential component is known as Ayera Residences.
Address: Tropicana Danga Cove, 81750 Johor
Developer: Tropicana Corporation Berhad & Iskandar Waterfront
Property Type: Mixed development
Land Area: 227 acres
Land Title: Mixed
Tenure: Freehold
Total Units:
- Oasis 1: 112 units of three-storey shop offices
- Oasis 2: 178 units
- Oasis 3: 62three- and four-storey offices and retail stores
- Ayera Residences: 577 double-storey terrace house
Sales Gallery: Lot PTD 28845-28892, Taman Cahaya Kota Puteri, Plentong, Jalan Permas Utara, Bandar Baru Permas Jaya, 81750 Masai, Johor
Year of Completion:
- Oasis 3: 2020
- Ayera Residences: 2021
Built-up Area:
- Oasis 3: 5,040 sq ft – 9,627 sq ft
- Ayera Residences: 1,713 sq ft – 1,970 sq ft
Launch Price:
- Oasis 1: From RM1.08 million
- Oasis 3: From RM1.35 million
- Ayera Residences: From RM586,000
Awards at the PropertyGuru Asia Property Awards (Malaysia) 2020:
- Oasis 3 – Highly Commended award for the Best Retail Development (Malaysia)
- Ayera Residences – Highly Commended award for Best Housing Architectural Design, and won the Best Mid End Landed Development (Southern) category
Project Details
In addition to providing the rest of Johor Baru with leisure and shopping options, Tropicana Danga Cove offers residents a taste of modern living in a well-planned enclave, where daily necessities are close by.
Following the success of Oasis 1 and 2, Oasis 3 is the final of its series to add buzz to the commercial district. Oasis 3 has 62 units of 3-storey and 4-storey offices, with built-up area between 5,040 sq ft and 9,627 sq ft.
As the project is located within Iskandar Malaysia, it has a ready catchment of 500,000 people. The Oasis development has mixed businesses operating there, including boutique hotel, health clinics, pharmacies, convenience stores, and eateries, among others.
Oasis’ location promises an encouraging future, as they are between 2 economic backbones of Iskandar – Johor Baru city and Eastern Gate development. Oasis 3 was completed in 2020, and it received a Highly Commended award in the Best Retail Development (Malaysia) category in the PropertyGuru Asia Property Awards (Malaysia) 2020.
Ayera Residences is the first landed residential project within Tropicana Danga Cove. The 48-acre freehold project received positive feedback from the public prior to its phase 1 exclusive preview in July 2018. Ayera Residences offers 577 units of double-storey terrace house across 3 phases – Phase 1, Phase 2A, and Phase 2, and it is slated for completion in 2021.
Ayera Residences bagged the Highly Commended award for Best Housing Architectural Design, and won the Best Mid End Landed Development (Southern) category in the PropertyGuru Asia Property Awards (Malaysia) 2020.
The Phase 1 development consists of 179 double storey terrace houses with land sizes of 20’ x 70’ and 22’ x 70’. One of the unique features of the Ayera Residence is that each unit comes with a courtyard, which allows residents to admire the greenery around them. Phase 2 will have 377 units.
Units are priced from RM586,000, and each will have 4 bedrooms and 4 bathrooms.
Phase 1
- Type A – Intermediate (20 X 70): 1,713 sq ft
- Type B – Intermediate (22 X 70): 1,970 sq ft
- Type C – Intermediate (22 X 70): 1,970 sq ft
Phase 2A
- Type B – Intermediate (22 X 70): 1,970 sq ft
- Type C – Intermediate (22 X 70): 1,970 sq ft
Phase 2B
- Type A – Intermediate (20 X 70): 1,713 sq ft
- Type D – Intermediate (22 X 70): 1,802 sq ft
This community will benefit from a network of interwoven sky bridges, green parks, sidewalks and waterways, to and from the commercial, lifestyle and residential zones.
Location
Tropicana Danga Cove is accessible via the Pasir Gudang Highway, the Eastern Dispersal Link (EDL), and Johor Bahru East Coast Highway. The township is also a short car ride to the Johor Bahru city centre (10 minutes via EDL and JB East Coast Highway), other parts of JB (via Pasir Gudang Highway), Singapore, and Senai International Airport. Residents can also get to the Johor Bahru Customs, Immigration, and Quarantine Complex (CIQ) in about 15 minutes.
Accessibility
- Pasir Gudang Expressway
- Eastern Dispersal Link (EDL)
- Senai International Airport
Education
- E.A.L International Schools
- Asia Metropolitan University
- Paragon Private & International School
Medical Care
- Regency Specialist Hospital
Shopping
- Lotus’s Seri Alam
- Giant hypermarket
- AEON Permas Jaya
- AEON Mall Tebrau City
- IKEA Tebrau
Recreation
- Senibong Cove Marina
- Christine Resort
- Seri Alam Jungle Park
- Permas Jaya Golf Club
- Permas Jaya Sports Complex
- Daiman 18 Golf Club
Analysis
Tropicana Corporation Bhd unveiled its Tropicana FreeDOM campaign in April 2021. The campaign provides interested purchasers with zero down payment, up to 50% rebates, 100% financing with HouzKEY by Maybank Islamic, and up to 10 years of free maintenance. It will apply for completed properties.
Available listings in PropertyGuru in May 2021 show that the asking monthly rental for 1,713 sq ft units are approximately. RM1500, while purchase prices are asking from RM480,000 to RM650,000. Based on these figures, the approximate gross rental yield is:
- Purchase price: RM500,000
- Rent out: RM1,500 per month
- Gross rental yield: About 6% per annum
Here’s a look at a few residential properties in Johor.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
Ayera Residences at Tropicana Danga Cove by Tropicana Corporation Berhad and IWH |
Freehold |
2-storey terrace houses |
2021 |
1,713 sq ft – 1,970 sq ft |
From RM586,000 |
|
Tropez Residences @ Tropicana Danga Bay by Tropicana Corporation Berhad |
Freehold |
Serviced Residence |
2014 |
463 sq ft – 1,798 sq ft |
From RM400,000 |
|
The Valley @ Horizon Hills by Gamuda Berhad |
Freehold |
2-storey link homes |
2015 |
2,139 sq ft – 2,583 sq ft |
From RM1.03 million |
|
Wave Serviced Apartment @ Marina Cove by IOI Properties |
Freehold |
Serviced Apartment |
2017 |
526 sq ft – 1,344 sq ft |
From RM407,447 |
|
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 |
|
The Fern @ Meridin East by Mah Sing Group |
Freehold |
2-storey link homes |
2019 |
From 1,622 sq ft |
From RM410,550 |
|
A Tower @ Austin Regency by Scudai Development |
Freehold |
Serviced Residence |
2019 |
From 490 sq ft |
From RM307,250 |
|
Aspira Gardens @ Gerbang Nusajaya by UEM Sunrise Sdn Bhd |
Freehold |
2-storey homes |
2022 |
2,608 sq ft – 3,009 sq ft |
From RM898,000 |
|
Eco Botanic 2 by EcoWorld |
Freehold |
2-storey terrace houses |
2025 |
1,701 sq ft – 2,239 sq ft |
From RM600,000 |
Summary
The eastern part of Johor has recorded a lot of growth in the past few years, and it is considered a hotspot for many businesses. With a population of half a million, interested buyers are aware of the potential Tropicana Danga Cove has to offer.
Having renowned names behind the project certainly adds clout. In fact, Tropicana Corporation picked up multiple awards at the PropertyGuru Asia Property Awards (Malaysia) 2020, including 3 for Tropicana Danga Cove. Take a look at the full list!
- 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)
So, purchasers can probably rest assure that developments by Tropicana Corporation Bhd are of a certain quality. If you’re interested in a 1,713 sq ft unit at Ayera Residences that’s priced at RM500,000, here are its estimated loan figures.
- LTV / margin of finance: 90%
- Down payment (10%): RM58,000
- Loan amount: RM522,000
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM2,257
- Approximate required gross annual income: RM91,000*
Want to change the loan figures? Use these calculators:
Try the FREE PropertyGuru Loan Pre-Approval tool!
To calculate your Debt Service Ratio (DSR), use our pre-approval tool. It has a 99.9% accuracy, which greatly helps in avoiding loan rejections! DSR is a method used by banks in Malaysia to calculate whether you can afford the loan you’re applying for.
Keep browsing Malaysia’s largest property site for more project reviews.
