Tropicana is a prime suburb area of Petaling Jaya, Selangor. Property prices have been on the rise in this upmarket neighbourhood. Will prices continue to trend upwards?
Tropicana is characterised by luxury bungalows, terraced houses and high-rise residences.
The centerpiece of this enclave is the Tropicana Golf & Country Resort. Home to local and expatriates residents, it is synonymous with resort style living. It boasts of a 27-hole championship golf course and one of the largest clubhouse in Malaysia.
In recent year, Tropicana has risen in popularity. One of the reasons is the growing amenities in surrounding neighbourhoods. You have a choice of neighbourhood malls such as Sunway Giza Mall (Kota Damansara), Centerpoint BU (Bandar Utama) and Citta Mall (Ara Damansara).
The trend lines below show the general direction of property prices in Tropicana.
Condominium prices are on an uptrend.
Source: JPPH (Compiled by Brickz)
Landed property prices are on a downtrend whether it is for bungalows, semi-dees or terrace houses.
Below is the trend line for terrace houses.
Source: JPPH (Compiled by Brickz)
Are There Any Catalysts for Tropicana to Rise Further?
We have identified 4 catalysts.
1. Surian MRT Station and Mutiara Damansara MRT Station
The Mass Rapid Transit (MRT) Line 1 connecting Sungai Buloh to Kajang is expected to be operational in Dec 2016.
Two MRT stations in Tropicana’s vicinity – Surian and Mutiara Damansara is expected to boost property prices in surrounding areas.
The MRT Line 1 brings you to the heart of Kuala Lumpur via Bukit Bintang MRT station and Tun Razak Exchange MRT station.
2. Proposed Tropicana LRT
There is a proposed LRT station in Tropicana. This is part of the Light Rail Transit Line 3 (LRT3) connecting Bandar Utama to Johan Setia, Klang.
Under the proposed plan, there are a park and ride facilities in 10 selected stations. Tropicana LRT station is one such station.
You can park your car in Tropicana LRT station and connect to the Bandar Utama MRT Interchange. From there, you can make your way to city centre. This provides Tropicana’s residents with an alternative mode of transport to downtown Kuala Lumpur.
Preliminary work will commence in 2016. The expected completion date is in 2020.
3. Shopping Malls
Malaysians love malls. It is a way to escape the hot weather all year round. And there is something for everyone in shopping malls.
Apart from neighbourhood malls, there are large shopping malls surrounding Tropicana such as The Curve, IPC Shopping Centre, IKEA Damansara and 1 Utama Shopping Centre.
Tropicana Gardens is a 17-acre integrated development by Tropicana Corp Bhd. It will boast a new mall with 1 mil sq ft of nett lettable area. The shopping mall won the 5-Star Best Retail Development Malaysia (2014-2015) category in the Asia Pacific Property Awards.
Tropicana’s residents will soon be spoilt for choice.
4. International Schools
St Joseph’s Institution International School Malaysia (Tropicana PJ Campus) will commence in the second half of 2016. Its first batch of students is expected to number 500. Full capacity is at 1512 students.
International schools are a catalyst to attract expatriate residents and an upper middle-class community.
What’s Hot, What’s Not in Tropicana
Growing amenities, affluent neighbourhood and the prospect of an efficient transit system is what makes Tropicana “hot”.
It is so “hot” that a few years ago, Damansara Indah changed its name to Tropicana Indah. Perhaps to leverage on the Tropicana brand?
But it ain’t all sunshine and rainbows.
Talk to the local residents and one of the major complaints is – traffic jams.
As Tropicana continues to attract a growing population, congested roads will deter future home buyers.
Transit systems will benefit condominiums owners more than landed property owners.
Condominiums are able to command a higher rental if it is close to transportation hubs.
Whereas, tenants in landed properties usually prefer less congested areas.
The key is to be close enough to a transportation hub but not directly next to it.