The R Suites Chancery Residences is strategically located with exclusive facilities.
PROPERTY investment opportunities in Kuala Lumpur’s city centre are becoming harder to come by, as available land becomes more scarce.
Which is why developer Radium Development Bhd’s latest project, the R Suites Chancery Residences, (known as Chancery), offers local, regional and international buyers a chance to gain a foothold in the city’s property market.
Chancery with a gross development value of RM521mil, at Ampang city centre, is set to be completed by the fourth quarter of 2027.
It offers a range of facilities and amenities to meet the needs of the new business and investment segments.
The 51-storey development sits on a 0.88ha plot of prime freehold land, surrounded by an established commercial and residential neighbourhood.
It comprises 944 residential suites, commercial spaces, exclusive facilities and amenities, as well as a 145-room hotel managed by an established independent Kuala Lumpur-based hotel brand.
Compared with the previous year, the property sector saw some improvement in terms of transactions and values in 2022, said Radium Development Bhd managing director Gary Gan Kah Siong.
“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 futures.
“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,” added Gan.
With a focus on multifunctional living spaces, Chancery’s residential suites range in size from 452sq ft to 861sq ft, priced between RM455,000 and RM867,000.
Suite Series A and B offer modern, stylish studio-style units, while Suite Series C offers luxurious two-bed, two-bath suites.
With a state-of-the-art co-working facility as well as other modern facilities, Chancery supports the hybrid work and business and leisure travel trends following the Covid-19 pandemic. These facilities are spread across two floors spanning 33,615sq ft.
With easy access to public transportation infrastructure and major roads and highways such as Ampang-Kuala Lumpur Elevated Highway (Akleh) and Kuala Lumpur Middle Ring Road 2 (MRR2), Chancery is strategically located within well-established commercial and residential neighbourhoods.
Following Radium’s commitment to the environment and communities that it serves, and its efforts towards ensuring sustainable construction, Chancery has been awarded the GreenRe Gold Certificate in the residential category by the Real Estate and Housing Developers Association Malaysia.
“The property sector is facing significant challenges as we begin to recover from the Covid-19 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 concluded.
For details, visit www.radiumdevelopment.com
