Lumi Tropicana is the first development in the Lumi Collection series by Thriven Global. Situated in the heart of Tropicana, it is home to four blocks of 186 serviced residences.
Fancy having a golf course view? Lumi Tropicana is located across the renowned Tropicana Golf Country Resort.
Lumi Tropicana features 2 to 3-bedroom configurations with hotel-style concierge and housekeeping services. For those who desire a ‘Work-Live-Play’ environment, there are 62 SOHO units and a retail podium.
The retail podium called Lumi Marketplace features a supermarket, restaurants and salons. Cuisine and convenience at your doorstep.
Lumi Collection, the brand for affordable luxury homes
Lumi Collection is a fresh and exciting new brand. It pioneers the concept of ‘affordable luxury’ homes in Malaysia.
So what exactly is ‘affordable luxury’? An affordable luxury home is a premium home that is within the reach of middle-income buyers.
Mass appeal for affordable luxury homes
Instead of catering to the top 20% of the population, ‘affordable luxury’ caters to the aspirations of the middle class.
Middle-income buyers are looking to shift to a safer and more desirable neighbourhood. They want a superior lifestyle with easy access to various amenities.
Using an example from the smartphone industry, it’s the difference between Apple and Android. Apple has snob appeal (20% market share), while Android dominates the market (80% market share). Today, Android smartphones are the new standard of luxury that everyone can afford.
So instead of buying a ‘trophy apartment’ in the city centre, why not invest in an affordable luxury home? This provides you with a large pool of potential buyers and renters.
Lumi Tropicana is well suited for investors, upgraders and first-time home buyers. Majority of the units in Lumi Tropicana have a price tag of below RM1 million.
Thriven Global Bhd
The name Thriven is derived from the words ‘Thrive’ and ‘Driven’. Formerly known as Mulpha Land Bhd, the change in name reflects its new leadership and vision.
There are four divisions under Lumi Collections. The divisions are property development, property investment, hospitality & lifestyle retail, and facility management.
Thriven’s expertise is in making their developments cost-effective but comprehensive.
The Best Touch and Feel Award 2016
Lumi Tropicana is the winner of The Best Touch and Feel Award 2016. The award was from the Star Media Group for having the best quality and finishing.
Units in Lumi Tropicana comes with
- Air conditioners
- Kitchen cabinet with microwave oven
- Hob and hood
- Washer dryer combi
- Ceiling downlights and more*
*Subject to change without prior notice.
All this is done in a cost efficient manner.
Lumi Tropicana – Superior facilities
Lumi Tropicana sits on 6.4 acres of land with 32 per cent of the land dedicated to green spaces.
It also has the longest swimming pool in Asia at 190m. Beating the 150m swimming pool at Marina Bay Sands.
Lumi Tropicana offers four themed towers. Each tower has a distinctive theme namely Play, Action, Wellness, and Business & Lifestyle.
The Play Tower houses a fully equipped music room, theatre, study room and kid’s jungle gym.
The Action Tower houses a badminton court, pool room, squash room and table tennis room.
The Wellness Tower houses a self-spa, gym, yoga and Pilates area.
The Business & Lifestyle Tower houses a fully equipped conference room, meeting room, wine cellar and sky dining.
Reasonably priced in a prestigious neighbourhood
In this period, contractors are looking for good projects and paymasters. Thriven is able to get the best construction prices by launching in a property market down cycle. Cost savings are then transferred to buyers.
Lumi Tropicana is priced at approximately RM900 psf. Compared to surrounding new developments at RM1,100 psf, there is room for price appreciation.
Tropicana is a much sought after address. Property prices have been on the uptrend in this neighbourhood.
Tropicana is surrounded by upmarket neighbourhoods, Bandar Utama and Kota Damansara.
Tropicana is a mere 30 minutes to the Kuala Lumpur City Centre. You have easy access to New Klang Valley Expressway (NKVE) and Damansara-Puchong Expressway (LDP).
There is also easy access to the future MRT and LRT3 stations. In the future, you can board the LRT3 at Lien Hoe station and be connected to a massive transit network.
The LRT3 is integrated with:
- MRT Sungai Buloh-Kajang Line at Station 1 (Bandar Utama)
- LRT Kelana Jaya Line at Station 7 (Kelana Jaya)
- BRT Federal Line at Station 10 (Shah Alam)
- BRT Federal Line at Station 13 (Shah Alam)
- KTM Port Klang Line at Station 20 (Klang)
The 5 integrated stations offer easy connectivity with the existing rail system.
Potential choke points
The narrow lanes at Persiaran Tropicana might not be able to cope with additional traffic.
There are potential choke points, especially at the Tropicana tunnel.
However, there are plans by Thriven to widen the existing 4-lane road. Residents at Lumi Tropicana also have the option not to drive. The LRT is just at their doorstep.
You are able to convert your unit to an Airbnb-type accommodation. This way, you could potentially earn more than renting out your unit the traditional way.
The rise of experiential travel and sharing economy is set to fuel the growth of Airbnb. Gen Yers now prefer Airbnb over hotels.
However, one advantage that hotels hold over Airbnb is that hotels provide housekeeping services.
Now with Lumi Tropicana you can offer the best of both worlds; flexible accommodation and housekeeping services.
Lumi Tropicana offers hotel-style concierge, housekeeping and rental management services. You can have peace of mind when renting out your unit.
The estimated rental rates are RM350-RM400 per night.
Lumi Tropicana has a lot of things in its favor. The right location, branding, and current low prices.
Priced at RM900 psf compared to surrounding new developments at RM1,100 psf there is much room for appreciation. Once the LRT3 is completed we are looking at a minimum of 10% in capital appreciation.
Lumi Tropicana is a viable option whether you are looking to upgrade, invest, or stay.