The struggle of buying a property is something most homebuyers are all too familiar with. This comes despite research revealing that 92% of Malaysians would much rather own a home of their own, instead of renting.
High home loan rejection rates, poor financial literacy, and financial constraints play the biggest roles in hindering homebuyers from their dreams of finally purchasing a property.
For example, on top of the selling prices of units, there are other significant closing costs in the home purchasing process which aren’t always taken into consideration by many Malaysians.
These include legal fees such as stamp duties for the Memorandum of Transfer (MOT), Sale and Purchase Agreement (SPA), as well as loan agreement.
When these legal and miscellaneous fees come into the picture, the additional costs can often times add up to approximately 6-7% of the property’s purchase price!
The ability to own a home is hampered by hefty entry costs as well. These include the down payment and booking fees, which requires homebuyers to put down a sizeable chunk of their savings just for the initial payment.
Making Affordability An Achievable Reality
It’s not all doom and gloom, though! Tropicana Corporation Berhad is set on turning the tables in the favour of homebuyers.
Best of all, they’re not alone in this quest, because there’s also the Home Ownership Campaign (HOC) which was recently extended for another 6 months until the end of 2021!
Directly addressing the major issues involved in property ownership, the HOC comes with multiple rebates and exemptions.
Among some of the amazing benefits: Buyers get to enjoy stamp duty exemption for both the MOT and home loan, for properties that are up to RM2.5mil (from projects that are directly sold by developers)!
Based on a RM1 million property:
- 10% discount on the RM1 million property = RM100,000
- Stamp duty on loan (0.5% based on the 90% loan amount) = RM4,050
- Stamp duty on the Memorandum of Transfer = RM21,000
Total Savings under HOC
And now, comes the exciting part! Here are the 8 participating projects within Tropicana’s esteemed range that are included in the campaign:
1) Tropicana Metropark, Subang Jaya
Located in Subang Jaya, Tropicana Metropark is the largest freehold mixed development in the vicinity, with easy accessibility and connectivity to the Federal Highway via its purpose-built Tropicana Metropark Link Bridge.
Besides the endless amenities that Subang Jaya is well known for, residents will also enjoy daily conveniences such as the GEMS International School, a 9.2-acre Urban Park, and an upcoming commercial hub within the development itself.
- Paisley Serviced Residences (Completed)
601 to 1,491 sq ft
1+1 and 3+1 bedrooms
- Residences South (Under construction)
550 and 700 sq ft
Studio and 2 bedrooms
2) Tropicana Aman, Kota Kemuning
Introducing: A walking and biking community in a holistic development that was designed specifically to reacquaint you with all the allures of nature, right at your doorstep. Residents get to enjoy the beauty of the 85-acre Central Park, complete with 7km of trails and paths.
In addition to the 225,000 sq ft Tenby International School, which can house up to 1,800 students, Tropicana Aman is connected by roads and highways such as the Lebuhraya Shah Alam (KESAS), Lebuhraya Kemuning Shah Alam (LKSA), South Klang Valley Expressway (SKVE), and Expressway Lingkaran Tengah (ELITE).
- Bayan Residences (Completed)
2,429 to 3,828 sq ft
4 and 5+1 bedrooms
- Cheria Residences (Completed)
3,200 and 3,670 sq ft
4+1 and 5+1 bedrooms
- Elemen Residences (Under construction)
3,014 to 3,172 sq ft
- Aman 1 (Under construction)
870 and 1,000 sq ft
2+1 and 3 bedrooms
3) Tropicana Gardens, Tropicana Indah
Tropicana Gardens is located in one of the most affluent neighbourhoods, Tropicana Indah. It comprises the Tropicana Golf and Country Resort, Tropicana Gardens Mall, St Joseph’s Institution International School, Sunway Giza and more.\
Besides that, with the conveniences of MRT and bus stations within walking distance, this development boasts unbeatable accessibility.
- Edelweiss Serviced Residences (Under construction)
452 to 1,111 sq ft
SOFO and serviced residences
4) Tropicana Miyu, Petaling Jaya (Under construction)
A harmonious blend between rich history and modern culture, Tropicana Miyu is a perfect ideology of a new lifestyle that never gets old. Located in the heart of PJ, you’ll be spoilt with a lot of choices mainly from the amenities that it offers such as Jaya One, KDU College, KPJ Damansara Specialist Hospital, Atria Mall and many more.
This is a low-density development that has only 8 units per floor, thus allowing you to savour both the quality and convenience that comes with an exclusive lifestyle here.
- 851 to 1,520 sq ft
2 to 4 bedrooms
5) Tropicana Heights, Kajang
Heavily emphasised on nature-centric living, this is a scenic township that is filled with verdant tree-lined avenues, and is a place that fosters a wholesome lifestyle.
Located in one of Kuala Lumpur’s last remaining green expanses, Tropicana Heights is advantageously located nearby major highways such as the SILK Highway (3km), Jalan Semenyih (3km), Persiaran Bangi (3.5 km), and LEKAS Highway (3.5km).
- Lakefield Residences (To be completed in 2021)
2,361 to 3,392 sq ft
4 and 5+1 bedrooms
6) Tropicana Danga Cove, Johor
This development is an exclusive, self-contained mini township in the Johor Baru suburb, where daily necessities are close by. With such an enviable location, it’s just a quick drive 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.
Surrounded by the lush greens of pocket gardens, here’s where you can find your peaceful home, while at the same time you’re in an environment that caters to all your business and shopping needs.
- Ayera Residences (Under construction)
1,713 to 1,970 sq ft
7) Tropicana Grandhill, Genting Highlands
Discover the integrated community of Tropicana Grandhill, which is sprawled across 112 acres of freehold land. Within the embrace of the mountains, a socially rich hub catering to ultimate holistic living comes equipped with facilities that can be used for residents to relax or have fun.
Not far from Genting Highlands, this holistic resort-style development is built upon 6 key pillars: Residential, commercial, education, wellness, park, and silver hair.
- TwinPines Serviced Suites (Under construction)
379 to 1,330 sq ft
Studio to 4 bedrooms
8) Tropicana Cenang, Langkawi
A premium seafront integrated development, the freehold Tropicana Cenang contains residential, retail, and hotel elements. There’s also a direct access to the warm white sands and crystal clear waters of Pantai Cenang.
With plenty of facilities onsite, all your daily needs will be easily met, while you can also access amazing hotspots such as the duty-free mall, Underwater World, delightful F&B options, as well as Cenang Walk.
- Assana Serviced Suites (Under construction)
380 to 1,310 sq ft
Studio to 4 bedrooms
It Isn’t Easy, But Tropicana Makes It Easier
Now, with both the HOC extension and Tropicana offering a range of excellent packages and accompanying projects for homebuyers to call ‘home’, securing a property can soon become a reality.
Get a 360-degree view of our properties, explore your next living space from the comfort of your own couch. You can also book a live guided tour with our friendly sales personnel at https://vr.tropicanacorp.com.my/