Radium Development's (from left) project executive directors Gan Kok Peng and Gan Tiong Kian, Gary Gan Kah Siong, executive director and corporate affairs head Chai Woon Hou and non-independent non-executive director Datuk Sydney Lim Tau Chin at the preview of Chancery.
KUALA LUMPUR: Fresh from its recent approval to undertake an initial public offering (IPO) from the Securities Commission Malaysia, Radium Development Bhd follows up by launching its latest project R Suites Chancery Residences (Chancery) at Ampang, Kuala Lumpur.
With a gross development value of RM521mil, the 51-storey development offers 944 residential suites and a 145-room hotel on a 2.18-acre plot of freehold land.
“In 2023 and beyond, we expect people to be looking to diversify and build their investment portfolios to better secure their futures. Chancery, with its strategic location and exclusive facilities, is an ideal opportunity for investors looking to upgrade their property portfolio or to expand them, as well as to consider long-term gains through rental income,” said Radium Development managing director Gary Gan Kah Siong.
Located 5km from the KLCC, Chancery offers three types of units. Series A and B are studios with unit sizes from 452 sq ft to 506 sq ft, while Series C are two-bedroom and two-bathroom suites from 840 sq ft to 861 sq ft. All units will be partially furnished while the hotel is to be managed by a renowned operator from Kuala Lumpur.
The multifunctional living spaces feature a total of 32 facilities at level 9, level 9 mezzanine and level 48, spanning a total of 33,615 sq ft of floor area. It includes a state-of-the-art co-working space to support hybrid work culture, a variety of fitness facilities and several thematic gardens to promote an urban outdoor experience without leaving the residence.
Following Radium’s commitment to the environment and communities that it serves, and its efforts towards ensuring sustainable construction through the implementation of practical environmental features, Chancery has been awarded the GreenRe Gold Certificate under the residential category by the Real Estate and Housing Developers Association Malaysia.
The serviced residence is accessible via highways such as Ampang-Kuala Lumpur Elevated Highway (AKLEH) and Kuala Lumpur Middle Ring Road 2 (MRR2). Price starts from RM455,000 and expected completion is targeted at the fourth quarter of 2027.
“Chancery will meet the demands of buyers who expect exceptional quality and value in their property investments, as we are committed to the market towards building responsibly and responsively,” said Gary.
For more information, visit https://www.radiumdevelopment.com/
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