INVESTOR RELATIONS Despite escalating uncertainties in the global landscape, Malaysia9s economy remains resilient. Malaysia9s domestic demand continues to be buoyed by expansion in consumption and investment spending. This is also supported by favourable labour market condition and easing inûationary pressures as well as vibrant tourism activities. The surge of private investment is attributed to the multiyear execution of infrastructure ventures, sustained capital investments and the implementation of catalytic initiatives under the national master plans. The robust activity in private sector expenditure is expected to oûset the eûects of moderate public spending. Further, in November 2024, Bank Negara Malaysia announced that the Overnight Policy Rate (<OPR=) will be maintained at 3% and at this current OPR level, the monetary policy stance is expected to be accommodative and remains supportive of the economy as well as creates a favourable environment for both homebuyers and investors, making homeownership more accessible. Analysts are optimistic about Malaysia9s property sector, forecasting strong capital inûows 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 ûve years in the ûrst half of 2024. The volume of transactions increased by 8% while the transaction value jumped 23.8% compared to ûrst half of 2023, indicating a buoyant property market. The residential market activity saw a marginal increase of 6.1% in volume with a total of 121,964 transactions worth RM49.43 billion, up 10.4% from ûrst half of 2023. Meanwhile, residential overhang declined as the volume and value dropped by 12.3% and 19.5% respectively in the ûrst half of 2024 as compared to the same period last year. Government9s initiatives, primarily for the B40 and M40 households, such as the introduction of affordable housing ownership and renting under the MADANI Neighbourhood scheme, continuation of 100% stamp duty exemption for ûrst-time homeowners on the purchase of properties valued at up to RM500,000 as well as enhancement of the loan scheme under the Syarikat Jaminan Kredit Perumahan Berhad by increasing ûnancing guarantees up to 120% of the house price up to RM300,000, are also expected to have positive impact to the Malaysia9s property sector. Guided by our unique strategy as well as our corporate vision to become a leading property group that delivers innovative and quality products that enhance stakeholders9 value, we are covering several property sub-segments by launching a variety of products to cater to the diûerent needs of house buyers and property investors at strategic locations, such as amongst others, high-rise and landed residential properties and industrial land, in the central, northern and southern regions of Peninsular Malaysia, instead of focusing on a single market segment or a single category of customers. In the eûort of driving sales for the on-going projects, Tropicana had, for the past year, launched the following marketing campaigns: (i) Art of LONGevity from January to February 2024, with the objective to create awareness on Tropicana brand and the Group9s development projects, and oûers amongst others, CNY Angpow deals up to RM28,888, as well as legal fees and stamp duties absorption by developer; (ii) FL45H Deals and FL45H Deals Extended, from March to June 2024 and from July to December 2024, respectively, which maximise the awareness of Tropicana brand with the objective to convert leads garnered into sales; and (iii) Twin Pines Bonanza, which was launched in August 2023 spanning across more than a year to September 2024, with the aim to stimulate sales for Tropicana9s Twin Pines project in Genting Highlands and to create product exposure to redraw the market9s attention to the Twin Pines project. With attractive pricing and various promotional packages, the Group believes that the demand for properties in prime locations in Tropicana9s established, mature and developing townships such as Tropicana Aman in Kota Kemuning, Tropicana Metropark in Subang Jaya as well as Tropicana Alam in Puncak Alam will persist. Further, the Group expects improved sales especially for its properties in Johor, as a result of the recently signed deûnitive agreement in relation to the Johor-Singapore Special Economic Zone, Johor Bahru-Singapore Rapid Transit System Link project, as well as the positive growth eûects from the possible resuscitation of the High Speed Rail project. Premised on the expected demand, the Group will continue to launch its properties at strategic locations across the Klang Valley, Genting Highlands, northern and southern regions of Peninsular Malaysia. Tropicana9s total landbank of 1,336.1 acres located across the Klang Valley, Genting Highlands, northern and southern regions of Peninsular Malaysia, with a total potential GDV of approximately RM168.4 billion, places the Group in a good position to unlock the value of its strategic landbank and deliver sustainable earnings in the next few years. The Group will continue to develop properties and unlock the value of its strategic landbank, which will in turn, translate to higher sales and positive contributions to the future earnings of the Group. The Group will also continue its eûorts to improve overall cost and operational eûciencies through digital initiatives and prudent measures. The ûnancial period under review is a twelve-month period which ended on 31 December 2024. Throughout the financial year, we remained committed to disseminate the complete, transparent and timely information to the market about its ûnancial performance, business operation and prospects. At Tropicana, we value the relationships we have with our stakeholders. We strive to provide latest updated information on the Company to the stakeholders. The Tropicana corporate website at www.tropicanacorp.com.my serves as a platform for key qualitative and quantitative information on Tropicana. The Group9s 45th Annual General Meeting was held on a fully virtual basis on 24 June 2024 where it served as a platform to share updates as well as to address any concerns from our shareholders. The Tropicana IR team also maintains the Group9s IR page on the corporate website for easy data dissemination as well as an avenue to engage with shareholders and stakeholders on a regular basis. This site encompasses the Group9s annual reports, quarterly ûnancial results, Bursa Malaysia announcements and share information. 83 MANAGEMENT DISCUSSION & ANALYSIS
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