Radium Development Acquires Prime Bandar Ampang Land for TOD Project
Radium Development Bhd has made a strategic acquisition of a 2.56-acre leasehold parcel in Bandar Ampang, Selangor, for RM45 million through its wholly-owned subsidiary, Mayang Sepakat Sdn Bhd. This marks Radium’s first project outside Kuala Lumpur and reflects the company’s ambition to expand its footprint across key growth areas in the Klang Valley.
Transit-Oriented Development in the Pipeline
The newly acquired land is earmarked for a mixed-use transit-oriented development (TOD) featuring approximately 1,128 residential units, including 340 affordable Service Apartment Mampu Milik units, as well as commercial spaces. The development carries a gross development value (GDV) of RM470 million.
Radium highlighted the site’s proximity to Cempaka LRT Station (just 350m away) and its direct connectivity to major highways, making it an ideal location for urban residents and businesses prioritizing accessibility.
“This project is ideally positioned to meet increasing demand for high-quality, accessible urban spaces in Klang Valley,” said Radium group managing director Datuk Gary Gan Kah Siong.
Strategic Expansion and Sustainability
The Bandar Ampang project underscores Radium’s commitment to delivering sustainable and value-driven developments. By leveraging the TOD model, the company aims to align with evolving urbanization trends while creating long-term value for its stakeholders.
“The acquisition represents a cornerstone in Radium’s growth strategy. Its location within a TOD zone reinforces our focus on sustainable urban living spaces for Klang Valley’s growing population,” added Gan.
Key Features of the Development
- Prime Location: Situated near Kuala Lumpur City Centre, the site offers direct access via major thoroughfares.
- Mixed-Use Design: A balanced integration of residential and commercial spaces caters to urban lifestyles.
- Affordable Housing Component: The inclusion of Service Apartment Mampu Milik units addresses the need for affordable urban housing.
- Sustainability Focus: The development aligns with Radium’s broader vision of promoting sustainable urban living.
Funding and Future Plans
The RM45 million acquisition will be financed through a combination of internal funds and bank financing. As part of Radium’s expansion strategy, this project enhances the company’s pipeline of developments catering to the Klang Valley’s dynamic urban growth corridors.
Conclusion
Radium Development’s move into Bandar Ampang underscores its ambition to create accessible, well-connected urban spaces that resonate with both residents and businesses. The project’s strategic location near the Cempaka LRT Station and integration of affordable housing highlights its alignment with the needs of Klang Valley’s growing population.
