19th January 2023 - 2 min read
Radium Development Bhd has officially launched the R Suites Chancery Residences, its latest project that is located in Ampang, Kuala Lumpur. Offering a range of facilities and amenities on top of a strategic location, the new residence is expected to be a good opportunity for those who are currently looking to invest in Malaysia’s property market.
In a statement, Radium Development shared that the 2.18-acre freehold project – which features 51 storeys – has a gross development value of RM521 million. Comprising of 944 residential suites, commercial spaces, exclusive facilities, and a 145-room hotel (to be managed by an independent KL-based hotel brand), it was also awarded the GreenRe Gold Certificate under the residential category by the Real Estate and Housing Developers Association Malaysia (REHDA).
Size-wise, Chancery Residences offers residential suites that range from 452 square feet to 861 square feet, in the form of studio units and luxury suites (two bedrooms and baths). Priced between RM455,000 to RM867,000, the project also comes with a state-of-the-art co-working space and other amenities that support new hybrid work, as well as business and leisure travel trends. These facilities are spread across two floors that span 33,615 square feet.
Another selling point for the project lies in its location; Chancery Residences is only 5km away from KLCC and Kuala Lumpur’s Golden Triangle, putting it in close reach to various popular commercial establishments and medical facilities. It also offers easy access to public transportation and major roads and highways, including the Ampang-Kuala Lumpur Elevated Highway (AKLEH) and the Kuala Lumpur Middle Ring Road 2 (MRR2).
Managing director of Radium Development, Gary Gan acknowledged that Malaysia’s property sector had seen some challenges during the pandemic years, but said that things have gradually begun to pick up again. “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 future. 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,” Gan further shared.
R Suites Chancery Residentials is slated for completion in the fourth quarter of 2027; you can check out the project’s website for more information.
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