KUALA LUMPUR (Jan 18): Radium Development Bhd launched its latest property called the R Suites Chancery Residences in AmpangSelangor.

The 2.18-acre freehold project comprises 944 residential suites, commercial spaces, exclusive facilities and amenities, and a 145-room hotel, which will be managed by a renowned, established independent KL-based hotel brand.

Radium’s managing director Gary Gan Kah Siong said the company is expecting people to diversify and build their investment portfolios in 2023 as “we are in the recovery period”.

“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,” he said.

He noted that Chancery Residences will meet the demand of buyers who are expecting exceptional quality and value in their property investments.

“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,” Gan said.

Chancery Residences offers residential suites with sizes ranging from 452 sq ft to 861sq ft, focusing on multifunctional living spaces, with Suite Series A and B offering modern and stylish studio-style units, while Suite Series C offers luxurious two-bed, two-bath suites.

Priced between RM455,000 to RM867,000, the project offers a state-of-the-art co-working facility, as well as other modern facilities, supporting the new normal of hybrid work, business and leisure travel trends following the pandemic.

“These facilities are spread across two floors spanning 33,615 sq ft, allowing residents to enjoy the best of urban living and a fitness lifestyle.”

Showing its efforts to ensure sustainable construction through the implementation of practical environmental features, Radium received the GreenRe Gold Certificate under the residential category by the Real Estate and Housing Developers Association Malaysia for Chancery Residences.

The project is located 5km from KLCC and KL’s Golden Triangle and close to renowned medical facilities, making it an ideal opportunity for investors who are looking to upgrade their property portfolios or to expand them, while considering long-term gain through rental income.

Chancery Residences is accessible via AmpangKuala Lumpur Elevated Highway (AKLEH) and Kuala Lumpur Middle Ring Road 2 (MRR2), with easy access to public transportation infrastructure and major roads.

Chancery is strategically located within well-established commercial and residential neighbourhoods and ideal to cater to short-, mid- and long-term rentals, particularly those relating to traditional, wellness and expatriate tourism.

Source: EdgeProp, 18 January 2023

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