PETALING JAYA: Panasonic Group today inked a strategic collaboration with Tropicana Corp Bhd to build houses in Tropicana Aman, a new township development in Kota Kemuning, Shah Alam.
Under the agreement, PanaHome Malaysia Sdn Bhd, a local subsidiary of Japan-based PanaHome Corp, which in turn is a unit of Panasonic Group, will construct 272 semi-detached innovative eco-homes.
The eco-homes are part of Phase 3 of Tropicana Aman, which will have a gross development value of RM358 million.
Called Cheria Residences, it will feature double-storey semi-detached homes boasting 3,200 to 3,670 square feet with wide car porch that could fit three cars side-by-side.
Tropicana group CEO Datuk Yau Kok Seng said Cheria Residences will be launched next month and is slated to be completed in 2019.
The 863-acre Tropicana Aman is a project by Tropicana. The signing this morning marks the first collaboration between both the developer and the Panasonic Group.
The eco-home development is a brainchild of both companies, embracing innovative design and concepts that are fitted with Japan intelligent construction technology that aim to improve the quality homes.
PanaHome Malaysia managing director Haruhiko Kuwano said Cheria Residences is designed to be energy-efficient and environmental friendly.
Construction methods utilising reinforced concrete panel technology ensure high and consistent quality building structure, he said.