Tropicana to re-enter Johor property market, two launches slated for this year

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PETALING JAYA: Tropicana Bhd is re-entering the Johor property market after a hiatus of about three years, with two launches planned for 2024, spurred...

From left: Maybank Ventures Sdn Bhd head Jonathan Tan Jun Liang, Khoo, Maybank Islamic Bhd CEO Datuk Muzaffar Hisham, Tropicana Corp group managing director Din Tan Yong Chia and Ang after its signing ceremony.

According to Tropicana marketing and sales/business development managing director Ixora Ang, the company’s outlook for the southern state is bullish, underpinned by the announcements of several key developments such as the Johor Bahru–Singapore Rapid Transit System project and the special economic zone.

Ang said it will be the group’s re-entry into the southern state after a pause of two to three years due to a dip in the Johor market previously. Ang shared that two projects are slated to be launched in Johor this year, with the first project expected to launch by early third quarter, followed by the latter in the third or fourth quarter.

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