https://sg.finance.yahoo.com/news/tropicana-unlock-800-acre-landbank-010000832.html
Tropicana intends to roll out two integrated developments with a GDV of RM1 billion in Johor Bahru (JB) to kickstart the development. One is Watermark Residences on a 90-acre plot at Lido Waterfront Boulevard; the other is Watermark Residences at the 31-acre Tropicana Danga Bay.
The upcoming Watermark Residences will feature a 54-storey high-rise development with 1,596 serviced apartments. Sizes range from 463 sq ft to 807 sq ft. There are also 16 retail lots within the development, with sizes from 1,012 sq ft to 4,133 sq ft. The project is targeted for launch in 3Q2024.
In the pipeline is a Grade-A modern office tower at Lido Waterfront Boulevard, catering to a wide spectrum of businesses given its MSC status. It will also feature a wide range of facilities and energy-efficient fixtures.
Tropicana Danga Bay, located less than 10km from Lido Waterfront, is envisioned as a vibrant community hub with serviced apartments and retail lots.
The upcoming 26-storey Bora Residences Tower B at Tropicana Danga Bay will have 245 modern serviced residences, ranging from 531 sq ft to 892 sq ft. There are also six retail shop lots, ranging from 353 sq ft to 672 sq ft. It will debut in 1Q2024.
Both townships are located within a five- to 10-minute drive of the Malaysian terminus of the RTS Link, points out Tropicana’s Lee. Hence, the projects will benefit from the completion of the RTS in three years
