KUALA LUMPUR: Property developer Tropicana Corp Bhd is developing 35.6ha of land in Subang Jaya into a mixed development project called Tropicana Metropark, with a gross development value of RM6.3bil spanning 12 years.
Group CEO Datuk Yau Kok Seng said on Friday the project, with a net floor area of about 743,000 sq m, will be offering a fusion of residential, office space, retail, shopping mall, a four to five-star hotel, entertainment hub and learning and medical centres.
"Tropicana Metropark is the company's launch pad to build its momentum this year," he told reporters at the ground-breaking ceremony by Subang Jaya Municipal Council (MPSJ) president Datuk Asmawi Kasbi.
To enhance accessibility, the company will build a RM150mil flyover linking the project to the Federal Highway.
"Work on the flyover will commence next year and is expected to be completed by 2016," he said.
Meanwhile, Asmawi said MPSJ was talking to Keretapi Tanah Melayu Bhd to relocate the nearby Batu Tiga commuter station into the Metropark area to improve connectivity of the development.
In conjunction with the ground-breaking, Tropicana also launched the Pandora service residences, with a gross development value of RM360mil.
The two residential towers offered 627 apartment units with three designs studio, two and three-bedroom, with built-up areas from 600 to 1,200 sq ft, priced at RM840 per sq ft.
"Since the preview two months ago, over 70% of the total units were snapped up, signifying high demand and buyers' confidence for the development," Yau added.