Radium Development Bhd has introduced its latest property, R Suites Chancery Residences, in Jalan Ampang, Kuala Lumpur. This freehold project spans 2.18 acres and includes 944 residential suites, commercial spaces, exclusive facilities, and a 145-room hotel, managed by a renowned independent KL-based hotel brand.
According to Gary Gan Kah Siong, the Managing Director of Radium, the company expects people to diversify and build their investment portfolios in 2023 as the recovery period begins. He stated that Chancery, with its strategic location and exclusive facilities, offers an ideal opportunity for investors to upgrade or expand their property portfolios while considering long-term gains through rental income.
Chancery Residences offers a range of residential suites, with sizes ranging from 452 sq ft to 861 sq ft. The project focuses on multifunctional living spaces, with modern and stylish studio-style units in Suite Series A and B, while Suite Series C offers luxurious two-bed, two-bath suites. The prices of the suites range from RM455,000 to RM867,000.
The project includes a state-of-the-art co-working facility and other modern amenities that support the new normal of hybrid work and leisure travel trends post-pandemic. With a focus on sustainability, Radium has received the GreenRe Gold Certificate for Chancery Residences under the residential category from the Real Estate and Housing Developers Association Malaysia.
Strategically located 5km from KLCC and KL’s Golden Triangle, Chancery Residences is easily accessible via the Ampang-Kuala Lumpur Elevated Highway (AKLEH) and Kuala Lumpur Middle Ring Road 2 (MRR2). It is close to renowned medical facilities, making it an ideal investment opportunity for those looking to upgrade or expand their property portfolios while considering long-term rental income.
Chancery Residences is expected to cater to short-, mid-, and long-term rentals, particularly in traditional, wellness, and expatriate tourism segments. Its well-established commercial and residential neighborhood ensures convenient access to public transportation infrastructure and major roads.