Radium Development Berhad's Board of Directors at the preview of Chancery on Friday, 13 January 2023. From left: Datuk Sydney Lim Tau Chin, Non-Executive Non-Independent Director; Mr. Chai Woon Hou, Executive Director & Head of Corporate Affairs Legal & Human Resource; Mr. Gary Gan Kah Siong, Managing Director; Mr. Gan Kok Peng, Executive Director – Project; Mr. Gan Tiong Kian, Executive Director – Project. Image from: Radium

Radium Development Berhad, “Radium”, launched its latest project, the R Suites Chancery Residences, “Chancery”, with a gross development value of RM521 million, at Ampang City Centre, Kuala Lumpur.

The 51-storey development sits on a 2.18-acre plot of prime freehold land in Ampang City Centre, Kuala Lumpur, surrounded by an established commercial and residential neighbourhood. It comprises 944 residential suites, commercial spaces, exclusive facilities and amenities, as well as a 145-room hotel, managed by a renowned, established independent KL-based hotel brand.

Chancery is set to be completed by the fourth quarter of 2027, offering discerning local, regional and international buyers an investment opportunity in Malaysia’s city centre's growing property market with a range of facilities and amenities to meet the needs of the new business and investment segmentations.

In comparison with the previous year, the property sector saw some improvement in terms of transactions and values in 2022, according to Radium Development Berhad’s Managing Director, Mr. Gary Gan Kah Siong.

“In 2023 and beyond, as we move into the new normal recovery, 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 portfolios or to expand them, as well as to consider long-term gains through rental income,” continued Mr. Gary Gan.

With a focus on multifunctional living spaces, Chancery’s residential suites range in size from 452 square feet to 861 square feet, priced between RM455,000 to RM867,000. Suite Series A and B offer modern, stylish studio-style units, while Suite Series C offers luxurious two-bed, two-bath suites.

With a state-of-the-art co-working facility, as well as other modern facilities, Chancery supports the hybrid work and business and leisure travel trends following the pandemic. These facilities are spread across two floors spanning 33,615 square feet, allowing residents to enjoy the best of urban living and a fitness lifestyle.

With easy access to public transportation infrastructure and major roads and highways such as Ampang-Kuala Lumpur Elevated Highway (AKLEH) and Kuala Lumpur Middle Ring Road 2 (MRR2), Chancery is strategically located within well-established commercial and residential neighbourhoods, close to renowned medical facilities and 5 km from KLCC and KL’s Golden Triangle. Chancery is ideally situated to cater to short, mid and long-term rentals, particularly those relating to traditional, wellness and expatriate tourism.

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 REHDA, the Real Estate and Housing Developers Association Malaysia.

“The property sector is facing significant challenges as we begin to recover from the pandemic. Despite this, 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,” Mr. Gary Gan concluded.

(14 January 2023)