Tropicana Corporation Berhad Annual Report 2020

Unlocking Our Landbank In 2020, Tropicana purchased 35 parcels of strategic landbank, measuring 176 acres at Genting Highlands for RM348.6 million. To further expand Tropicana’s footprint and enhance its property development profile at Genting Highlands, the Company is in the midst of acquiring another two parcels of adjoining freehold land next to its Tropicana Grandhill development in Bentong, Pahang, for RM402.49 million. Tropicana has also expanded its presence to Langkawi as the appointed Marketing and Sales arm for the Tropicana Cenang development, fully-furnished premium seafront residences catering to tourists and silver hair group. Overall, Tropicana’s total landbank stood at 2,144 acres, with a total potential GDV of over RM77 billion, placing the Group in a good position to unlock the value of its strategic landbank and deliver sustainable earnings in the next few years. MANAGEMENT DISCUSSION & ANALYSIS 052 053 Your next holiday home at the beautiful Tropicana Cenang, Langkawi