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Continue Reading ⋅ 30 January 2023
Tropicana Grandhill is a 112-acre integrated resort city in Genting Highlands. The freehold development is at 3,000 ft above sea level, designed for all walks of life. It is poised to be a landmark that offers the ultimate in holistic living, cocooned by nature’s beauty.
Located 56.2km northeast of Kuala Lumpur, Genting Highlands has more than 20 million visitors per year on average, and a RM10 billion GITP (Genting Integrated Tourism Plan) visitor count per annum.
Tropicana Grandhill will be the first township development in Genting Highlands, on the border of Pahang and Selangor. The developer, Tropicana Corporation Berhad, acquired 111.9 acres of land in Gohtong Jaya for RM78.3 million in 2018. The township has a potential gross development value (GDV) of up to RM15 billion.
Tropicana Grandhill will comprise residential, commercial, wellness, education and park. The first phase will be the TwinPines Serviced Suites, with over 1,400 units of serviced apartments. Tropicana Grandhill is expected to be completed in 2026.
Address: Jalan Permai, Genting Permai Avenue, 69000 Pahang
Developer: Tropicana Corporation Berhad
Property Type: Mixed development
Land Area: 112 acres
Land Title: Commercial
Tenure: Freehold
No. of Blocks: 2 (TwinPines Serviced Suites)
No. of Storeys: 55 & 56 (TwinPines Serviced Suites)
Total Units: 1,443
Sales Gallery: Jalan Permai 2, Genting Permai Avenue, 69000 Genting Highlands, Pahang
Year of Completion: 2026
Built-up Area: 379 sq ft – 1,330 sq ft (TwinPines Serviced Suites)
Facilities at Twin Pines Serviced Suites:
- Event lawn
- Heated swimming pool
- Shallow lounge
- Pool terrace
- Gazebo / Cabana
- Ramp for the disabled
- Outdoor shower
- Blossom garden
- Wading pool
- Spring jacuzzi
- Sunken seat
- Putting green
- Children’s playground
- Fragrant garden
- Retreat space
- Wellness path / reflexology
- Covered walkway
- Herbs garden
- BBQ
- Trellis with shade
- Viewing terrace
In The Towers:
- Gymnasium
- Yoga studio
- Children’s playroom
- Management office
- Pre-function
- Multipurpose hall
- Gourmet kitchen
- Multimedia room
- Games room
Launch Price: From RM397,000 (TwinPines Serviced Suites)
Project Details
The integrated lifestyle resort city of Tropicana Grandhill comprises modern residences, hip commercial stretches, educational choices, a range of health and wellness services, and holistic living, within a pristine highland forest.
The freehold Tropicana Grandhill will be developed across 3 phases:
- Phase 1 – Serviced Residence, Education, Commercial, Wellness Hub
- Phase 2 – Recreational Park, Serviced Residence, Silver Hair Village (retirement living, not far from the city)
- Phase 3 – Future Development
Tropicana Grandhill is only 20 minutes away from the peak of Mount Ulu Kali. The township will also feature parks amidst the refreshing highland atmosphere. These parks are social hubs for residents to enjoy the calm and soothing scenery of the 100 million years old forests and mountains.
The first phase to be launched at Tropicana Grandhill is TwinPines Serviced Suites. There are 2 towers (Tower A and Tower B) standing at 55 and 56 storeys respectively. The first tower is estimated to offer 795 units, while the second tower is expected to offer 648 units. There are 13 unit types at TwinPines Serviced Suites, ranging from 379 sq ft to 1,330 sq ft, with studio to 4-bedroom. Unit prices start from RM397,000.
Residents will have access to various facilities, including a heated swimming pool, spring jacuzzi, sunken seat, wading pool, fragrant garden, putting green, trellis with shade, barbeque, wellness path, multipurpose hall, gourmet kitchen, and many more. The serviced suites will also come with car park, and 24 hours’ security system.
The developer has a promotional video that runs for more than 6 minutes. Take a look at that for an idea on what living at Tropicana Grandhill will be like.
Here are the types of units at TwinPines Serviced Suites.
|
Unit Types |
Built-Up |
|
Type A1 |
· Studio · 379 – 407 sq ft |
|
Type A2 |
· Studio · 384 – 395 sq ft |
|
Type B1 |
· 564 – 580 sq ft · 2 bedrooms · 1 bathroom |
|
Type B2 |
· 603 – 617 sq ft · 2 bedrooms · 1 bathroom |
|
Type B3 |
· 574 – 600 sq ft · 2 bedrooms · 1 bathroom |
|
Type B3a |
· 575 – 586 sq ft · 2 bedrooms · 1 bathroom |
|
Type C1 |
· 751 – 753 sq ft · 2 bedrooms · 2 bathrooms · 1 balcony |
|
Type C2 |
· 731 – 764 sq ft · 2 bedrooms · 2 bathrooms · 1 balcony |
|
Type C3 |
· 739 – 756 sq ft · 2 bedrooms · 3 bathrooms · 1 balcony |
|
Type D1 |
· Dual key · 946 – 961 sq ft · 3 bedrooms · 2 bathrooms · 1 balcony |
|
Type D2 |
· Dual key · 954 – 968 sq ft · 3 bedrooms · 2 bathrooms · 1 balcony |
|
Type E |
· Dual key · 1,154 – 1,168 sq ft · 4 bedrooms · 3 bathrooms · 1 balcony |
|
Type F |
· Dual key · 1,328 – 1,330 sq ft · 4 bedrooms · 3 bathrooms · 1 balcony |
Location
Tropicana Grandhill is located close to the heart of Genting Highlands. Residents of TwinPines Serviced Suites can get there in about 15 to 20 minutes via Lorong Genting View 7. It would be easier for residents to get around via their personal vehicle. Residents of Tropicana Grandhill will have access the amenities in the surrounding area.
They can conveniently get daily necessities from supermarkets, visit clinics and pharmacies when necessary, and enjoy a variety of cuisine. Genting Highlands also hosts the largest strawberry farm in Malaysia, a wide variety of themed parks, casinos, 5-star hotels, and a 18-hole golf resort. For shopping, there’s the Genting Highlands Premium Outlet, an outdoor shopping centre with a vast range of brands. It is also occupied by premium restaurants, cafés, and food courts.
Next to the shopping arena is the Awana SkyWay Station, where visitors and shoppers can enjoy cable car rides to the peak of Genting Highlands. Several other recreational and tourist attractions such as the 20th Century Fox Theme Park, SkyCasino, and the Arena of Stars theatre are also location amidst the highland’s commercial hub. Those who would like to venture slightly further could get to KL city centre in about 45 minutes.
Accessibility
- Lorong Genting View 7
Education
- Highlands International Boarding School
Shopping
- Sky Avenue shopping centre with delicious eats
- Genting Highlands Premium Outlets
Recreation
- Resorts World Genting / Indoor Theme Park
- Genting Permai retail shops
- Gohtong Jaya retail shops
- Awana Genting Highlands Golf & Country Resort
- Awana SkyWay Station
- Chin Swee Temple
- Honey Bee Farm & Insect World
- Bukit Tinggi Golf & Country Club
Analysis
The main attraction of Genting Highlands is undoubtedly the cool hilltop climate. It is thus a favoured getaway location for the weekends and a holiday home destination. Along the path up Jalan Gunung Ulu Kali to Genting Highlands, new high-rises are rapidly joining older apartments. A few developments such as geo38 Residence, Ion Delemen, and Grand Ion Majestic have partnered short-term rental management companies to help homeowners rent out their units.
To draw more visitors, developers are actively trying to create commercial activities there. For example, IBN Highlands City in Genting Permai will have a retail mall. In terms of rental yields, geo38 Residence received yields of between 5.1% and 5.76%, while the rental yield of Ion Delemen was 3.7% in 2017 and 2018.
Some property buyers are concerned about the traffic and human congestion during peak seasons as there is only one main access road up and down the hill. Apart from that, landslides that occasionally occur on the hillsides could also possibly deter property investors.
Here’s a quick look at residential properties in Genting Highlands.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
TwinPines Serviced Suites @ Tropicana Grandhill by Tropicana Corporation Bhd |
Freehold |
Serviced residence |
2025 / 2026 |
379 sq ft – 1,330 sq ft |
From RM397,000 |
|
Genting Permai Resort by Aphem Sdn Bhd |
Freehold |
Condominium |
2014 |
570 sq ft – 1,070 sq ft |
From RM309,000 |
|
Amber Court Apartment |
Freehold |
Apartment |
N/A |
From 1,214 sq ft |
From RM270,000 |
|
Mawar Apartments |
Freehold |
Apartment |
N/A |
580 sq ft – 1,200 sq ft |
From RM540,000 |
|
Vista Residences by Kerjaya Prospek Group Bhd |
Leasehold |
Serviced residence |
2019 |
844 sq ft – 3,144 sq ft |
From RM700 per sq ft |
|
Ion Delemen Majestic @ Genting Highlands by NCT Group of Companies |
Freehold |
Serviced apartment |
2018 |
385 sq ft – 2,970 sq ft |
From RM475,000 (Tower 7) |
|
Windmill Upon Hills by OSK Property |
Freehold |
Serviced apartment |
2019 |
362 sq ft – 1,523 sq ft |
From RM381,000 |
|
geo38 Residence by Pesat Bumi Sdn Bhd |
Freehold |
Condominium |
2019 |
642 sq ft – 3,038 sq ft |
From RM408,528 |
|
Midhills Genting by LBS Bina Group Berhad |
Leasehold |
Serviced apartment |
2020 |
550 sq ft – 2,543 sq ft |
From RM682,900 |
|
Grand Ion Majestic @ Genting Highlands by NCT Group of Companies |
Freehold |
Serviced apartment |
2022 |
380 sq ft – 1,500 sq ft |
From RM480,000 |
|
IBN Highlands City by IBN Corp |
Leasehold |
Serviced apartment |
2022 |
753 sq ft – 4,520 sq ft |
From RM1,500 per sq ft |
Summary
One of the main challenges of investing in locations such as Genting Highlands would be occupancy and the properties’ attractiveness to potential tenants and short-stay guests. Therefore, some newer developments are offering sale-and-leaseback and guaranteed rental schemes.
How well a property does could depend on the management quality of the premises. Once the pandemic is under control, Genting Highlands is expected to continue drawing visitors both locally and regionally.
As it is, Tropicana Corporation Berhad has won multiple awards over the years. At the PropertyGuru Asia Property Awards (Malaysia) 2020, Tropicana Corporation Berhad continued with its award-winning streak by winning these awards.
- Best Developer
- Winner: Best High End Condo Development (Central) – Tropicana Grandhill
- 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 379 sq ft unit at TwinPines Serviced Suites that’s priced at RM400,000, here are its estimated loan figures.
- LTV / margin of finance: 90%
- Down payment (10%): RM40,000
- Loan amount: RM360,000
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM1,557
- Approximate required gross annual income: RM62,500*
These calculations are based on the PropertyGuru Home Loan Calculator, and PropertyGuru Home Loan Eligibility and Affordability Calculator.
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 online feature. It has a 99.9% accuracy, which helps in avoiding loan rejections.
* Assumptions: You have no other monthly debt obligations, and 30% of gross income will be spent on the housing loan. The basic rule is that banks usually loan up to 30% of your gross annual income.
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