17th Malaysian Property Summit (“17MPS”) expected the Malaysian property market to maintain steady growth in 2025. This is attributed to the country’s strategic location, cultural richness, supportive government policies and initiatives, key infrastructure projects and transformative developments, which continue to attract both investors and homeowners. Furthermore, on 6 March 2025, Bank Negara Malaysia announced that the Overnight Policy Rate (“OPR”) would be maintained at 3%, citing an outlook of continued global and domestic growth, despite tari and geopolitical uncertainties from major economies, and manageable inflation. At this current OPR level, the monetary policy stance remains supportive of the economy, creating a favourable environment for both homebuyers and investors, which in turn makes homeownership more accessible. Following the recent launch of the National Property Information Centre’s (“Napic”) Property Market Report 2024, The Real Estate and Housing Developers’ Association (“Rehda”) Malaysia expressed its positive outlook on the local property market backed by Malaysia’s property transaction volume and value last year reached their highest levels in a decade. The number of property transactions rose by 5.4% to 420,545 in 2024, with transaction value climbing 18% to RM232.3 billion, up from 399,008 transactions worth RM196.8 billion in 2023. The increase in volume and value, was across the three main segments – namely residential, commercial and industry – with commercial leading. Analysts are optimistic about Malaysia’s property sector, forecasting strong capital inflows and renewed buying interest as global interest rates begin to decline, with the expectation that the property market should maintain its positive momentum after posting its best growth in value and volume over the past ten years in 2024. Tropicana continues to make significant strides in the development of its 596-acre Tropicana WindCity in Genting Highlands, Pahang. On March 2025, the Group hosted a groundbreaking ceremony, introducing its latest integrated development called Tropicana Avalon. The modern Breeze Hill Shoppes and Service Apartments is the first phase of Tropicana Avalon, marking Tropicana’s good progress in the Genting Highlands region 45 MANAGEMENT DISCUSSION & ANALYSIS
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