# Tropicana lines up RM1.9 bil development pipeline for 2026–2027

- **Source:** EdgeProp Singapore
- **Published:** 2026-08-27T18:17:54.000Z
- **Author:** EdgeProp Singapore
- **Original:** https://www.edgeprop.sg/property-news/tropicana-lines-rm19-bil-developments-after-rm5138-mil-land-sales
- **Topics:** Private Residential, Commercial & Industrial, Transactions & Deals

## Featured rationale

The pipeline and RM1.4 billion in unbilled property sales signal developer confidence and may expand serviced-apartment, villa, retail and shop-office supply in these markets.

## AI summary

Tropicana is preparing RM1.9 billion in new developments for 2026–2027 across Puncak Alam, Cyberjaya, Langkawi and Johor Bahru.

## Original article

Tropicana Corporation Bhd is preparing new developments with a combined gross development value (GDV) of RM1.9 billion (S$600.5 million) for 2026 and 2027 across Puncak Alam, Cyberjaya, Langkawi and Johor Bahru, the company said in an Aug 27 release.

The pipeline comprises shop offices at Tropicana Alam in Puncak Alam; serviced apartments and retail shops at Tropicana Avan in Cyberjaya; serviced apartments at Tropicana Shores in Langkawi; serviced apartments and villas at Tropicana Lagoon in Langkawi; and Bora Tower B at Tropicana Danga Bay in Johor Bahru.

The upcoming developments come as the Malaysian property developer recorded RM850.8 million in revenue for 2QFY2026 ended June 30, up 157.7% from RM330.2 million a year earlier.

Read also: A more expansive life: Why Singaporeans are eyeing retirement in Johor Bahru

Excluding the sales of three land parcels in Johor and Selangor for RM513.8 million, revenue from Tropicana's core operations also increased, supported by property handovers at Tropicana Indah in Kota Damansara and Tropicana Cenang in Langkawi.

Despite the higher revenue, Tropicana recorded a net loss of RM12.7 million for the quarter, compared with a net profit of RM1.25 million in 2QFY2025, as higher cost of sales and tax expenses weighed on earnings. It marked the group's fourth consecutive loss-making quarter.

Profit before tax, however, more than doubled to RM21.9 million from RM10.7 million a year earlier, supported by higher progress billings across projects in the Klang Valley and Johor, along with the completion and handover of projects.

For 1HFY2026, Tropicana's revenue rose 97.2% y-o-y to RM1.16 billion from RM590.5 million. It recorded a net loss of RM35.8 million for the six-month period, reversing a net profit of RM2.6 million a year earlier.

As at June 30, the group had RM1.4 billion in unbilled property sales. Its landbank stood at 1,349.7 acres (58.8 million sq ft), with a potential gross development value (GDV) of RM102.6 billion.

Tropicana's ongoing developments include Avisa Residences at Tropicana Alam; SouthPlace 2 Residences & Shoppes at Tropicana Metropark in Subang Jaya; and Skypark Kepler Branded Residences at Lido Waterfront Boulevard in Johor Bahru.

Read also: IOI Properties 3Q profit soars on stronger Singapore contributions, land sale gains

Four developments are scheduled to be handed over in FY2026: Umara Shop Offices at Tropicana Aman, Edelweiss Serviced Residences, SOFO & Shoppes at Tropicana Gardens, Assana and Merissa Serviced Suites at Tropicana Cenang, and Summit Commercial Hub at Tropicana Uplands in Johor Bahru.

Tropicana's total borrowings fell 4% to RM2.64 billion as at June 30 from RM2.75 billion at end-December 2025, as the group continued to monetise assets and reduce debt.

## Chinese translation

> Translation model: openai_codex_cli

### Tropicana为2026至2027年筹备总值19亿令吉的发展项目管线

Tropicana 2026财年第二季度收入跃升158%，其中来自柔佛和雪兰莪三幅地块销售的收入为5.138亿令吉。

Tropicana Corporation Bhd正准备在2026年和2027年于Puncak Alam、Cyberjaya、Langkawi和Johor Bahru推出合计总发展价值（GDV）达19亿令吉（6.005亿新元）的新发展项目，该公司在8月27日发布的公告中表示。

该项目管线包括Puncak Alam的Tropicana Alam商铺办公室；Cyberjaya的Tropicana Avan服务式公寓和零售商铺；Langkawi的Tropicana Shores服务式公寓；Langkawi的Tropicana Lagoon服务式公寓和别墅；以及Johor Bahru的Tropicana Danga Bay的Bora Tower B。

这些即将推出的发展项目公布之际，这家马来西亚房地产发展商截至6月30日的2026财年第二季度收入录得8.508亿令吉，较一年前的3.302亿令吉增长157.7%。

相关阅读：更开阔的生活：为什么新加坡人正着眼于在Johor Bahru退休

若不计入以5.138亿令吉出售柔佛和雪兰莪三幅地块，Tropicana核心业务收入也有所增加，受到Kota Damansara的Tropicana Indah和Langkawi的Tropicana Cenang物业交付的支持。

尽管收入提高，Tropicana本季度仍录得1,270万令吉净亏损，而2025财年第二季度则录得125万令吉净利润，原因是较高的销售成本和税务开支拖累盈利。这标志着该集团连续第四个季度亏损。

不过，税前利润从一年前的1,070万令吉增加逾一倍至2,190万令吉，受到Klang Valley和柔佛各项目较高工程进度账单，以及项目竣工和交付的支持。

2026财年上半年，Tropicana收入同比增长97.2%，从5.905亿令吉增至11.6亿令吉。该公司在六个月期间录得3,580万令吉净亏损，扭转了一年前260万令吉的净利润。

截至6月30日，该集团未入账物业销售额为14亿令吉。其土地储备为1,349.7英亩（5,880万平方英尺），潜在总发展价值（GDV）为1,026亿令吉。

Tropicana正在进行的发展项目包括Tropicana Alam的Avisa Residences；Subang Jaya的Tropicana Metropark的SouthPlace 2 Residences & Shoppes；以及Johor Bahru的Lido Waterfront Boulevard的Skypark Kepler Branded Residences。

相关阅读：IOI Properties第三季度利润因新加坡贡献增强和土地出售收益而飙升

四个发展项目计划于2026财年交付：Tropicana Aman的Umara Shop Offices、Tropicana Gardens的Edelweiss Serviced Residences, SOFO & Shoppes、Tropicana Cenang的Assana and Merissa Serviced Suites，以及Johor Bahru的Tropicana Uplands的Summit Commercial Hub。

截至6月30日，Tropicana总借款从2025年12月底的27.5亿令吉下降4%至26.4亿令吉，因该集团继续将资产货币化并降低债务。