UNLOCKING OUR LANDBANK New Expansions Buoyed by the reopening of international borders, the Group in 2022 launched up to RM1.7 billion worth of properties. We believe these campaigns will be timely and appeal to property seekers. As we continue to innovate our projects, adapting to market sentiment, we stay true to our Tropicana development DNA. The year 2022 was marked by several new launches which included Tropicana WindCity in Genting Highlands, Tropicana Aman’s Hana Residences and Gemala Residences in Kota Kemuning, Shah Alam; Aster Heights in Tropicana Uplands, Iskandar Puteri, Johor; and Merissa Serviced Suites in Tropicana Cenang, Langkawi. Tropicana also secured development rights for 363 acres of land parcels to develop a ordable, quality homes in Puncak Alam, Selangor. The development will be strategically sited with easy access to the Kuala Lumpur-Kuala Selangor Expressway (“LATAR”), Jalan Sungai Buloh, Guthrie Corridor Expressway and West Coast Expressway. Overall, Tropicana’s total landbank of 2,091 acres with a potential GDV of RM203.7 billion places the Group in a solid position to further unlock the value of its strategic landbank and deliver sustainable earnings well into the future. 27 MANAGEMENT DISCUSSION & ANALYSIS
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