SETAPAK in Kuala Lumpur conjures up images of a vibrant, mature neighbourhood that juxtaposes the old and the new.
It is one of the most famous suburbs in Malaysia and now, it is currently undergoing a revitalisation.
Once home to a large textile mill, Setapak was established in the 1940s to accommodate the growing population in the area. As a result, it came to be known as Setapak the neighbourhood.
Many rural residents sought employment in the suburb, resulting in the formation of illegal squatter settlements. Sewage, water and electricity were lacking in these settlements – so revitalisation was necessary.
To achieve this, in 2000 the government initiated the zero-squatter policy which was aimed at relocating squatters in Setapak to low-cost housing as part of the Program Perumahan Rakyat (PPR) programme.
Today, the suburb is a popular residential area and home to a variety of commercial and educational institutions.
A well-established institution of higher education, Tunku Abdul Rahman University of Management and Technology (TAR UMT), is located here with more than 270,000 students passing through its doors.
Setapak is now also conveniently connected to various parts of the city via highways such as the MRR2 and DUKE, and the LRT system which has four stations in the area – namely the Taman Melati, Wangsa Maju, Sri Rampai and Setiawangsa stations.
The surrounding areas offer many attractions such as the Ayer Panas hot springs, Yayasan Seni art gallery and P. Ramlee Memorial House in Taman P. Ramlee (previously known as Taman Forlong).
Royal Selangor also has a showroom, factory and visitor centre within Setapak.
Setapak is also undeniably a foodie’s paradise with a wide variety of cuisines at every price point. From restaurants that have been handed down the generations, bubble tea shops to sous-vide restaurants, there is something for everyone here.
One key personality was fundamental in the challenge to develop Setapak into one of Klang Valley’s most coveted addresses.
The key personality was Radium’s managing director Datuk Gary Gan Kah Siong, who was with Platinum Victory Development Sdn Bhd at the time.
Having a major role in the modernisation of Setapak, Gan’s most significant accomplishment was the construction of affordable apartment buildings with modern amenities, trading centres and recreational facilities.
“My main direction at the time was to build affordable homes in Setapak to support its rapid urbanisation.
“Through this strategy, we have established a solid track record with home buyers who want an out-of-town lifestyle, combined with well-developed infrastructure and amenities, such as public transportation, educational institutions, healthcare facilities, shopping malls and recreational parks,” said Gan.
Radium is currently developing projects in the Klang Valley worth RM2.13bil, continuing its growth trajectory.
Radium’s completed projects in the Klang Valley include developments in Taman Melati; PV9 Residences and Vista Wirajaya 1 & 2 Residensi Wilayah, in Bukit OUG; Platinum OUG Residence, Vista OUG Residensi Wilayah and Vista OUG PPAM; and, Platinum Splendor Residence and Vista Semarak in Jalan Semarak.
“The modernisation of Setapak, which offers breathtaking skyline views with the KL Tower and Petronas Twin Towers as prominent landmarks, is the perfect location for affordable apartments and condominiums.
“It has set a benchmark for Radium’s mission to build responsibly and responsively,” said Gan.
Radium launched the R Suites Chancery Residences on Jan 13 this year, with a gross development value of RM521mil.
The 51-storey development sits atop a 2.2-acre (0.9-hectare) plot of freehold land in Ampang and is set to be completed by the fourth quarter of 2027.
Chancery will feature 145 hotel rooms and 944 residential suites, with two floors dedicated solely to residents and 32 modern lifestyle facilities covering about 33,000sqft (3,065sqm).
A Provisional GreenRe Gold certification has been awarded to Chancery by the Real Estate and Housing Developers Association.
Radium is planning to launch a second residential development in Salak South/Sungai Besi in the second quarter of this year.
“From 2023, and as we move into ‘new normal’ recovery, we expect buyers to diversify and build their investment portfolios to better secure their futures,” said Gan.
“Radium is ready to meet the demands of the new normal, which will enable us to further strengthen our spot in the urban property development space.
“Our mission for all of our developments remains the same, which is to build responsibly and responsively.
“We are committed to providing quality standards in our current and future projects,” Gan concluded.
For more information on Radium Development Berhad and the R Suites Chancery Residences, visit www.radiumdevelopment.com