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14 May 2024

Our Partner, Leong May Ling together with our Associate, Sia Ju Ling from Zul Rafique & Partners’ Corporate Real Estate Practice Group advised and acted for Tropicana Corporation Berhad (“Tropicana”) in the acquisition of a prime leasehold land in Kota Damansara for RM224.0 million from Perbadanan Kemajuan Negeri Selangor. The land, measuring 7.79 acres, is situated adjacent to Tropicana’s mixed integrated development, Tropicana Gardens. As such, the land is expected to have positive development potential in the future.


Our team’s practical approach and ability to provide solutions as well as timely delivery facilitated the finalisation of the terms of the sale and purchase agreement between the parties whilst ensuring that the client's requirements and objectives are met.

The land is intended to be developed into a residential area comprising four to five tower blocks of serviced apartments, with an estimated gross development value of about RM2.8 billion.

The Bursa announcement can be accessed HERE.

This deal update was also reported on:-
The EDGE, HERE; and

EdgeProp, HERE

For more insight into this area of law, please contact our Partner in the Corporate Real Estate practice group:
Leong May Ling


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