Radium embarks its success in providing affordable homes

Key takeaway: The Securities Commission has given Radium Development Berhad permission to list its shares on Bursa Malaysia, and the company claims that its plan to construct cost-effective homes has been a big success.

Chancery Residences the prestige suites at Ampang.

According to group managing director Gary Gan Kah Siong, the group has purposefully concentrated on enabling house ownership inside Kuala Lumpur, particularly in the inexpensive dwellings category in keeping with the city's rapid urbanisation.

As homeowners enjoy the urban lifestyle surrounded by built infrastructure and amenities including public transit, educational institutions, healthcare facilities, shopping malls, and recreational parks", he added, "this strategy has resulted in significant rewards in creating our track record."

Since 2013, Radium has finished construction on high-rise residences in Kuala Lumpur totaling RM1.49 billion in gross development value. Vista Wirajaya, Vista Semarak, Platinum OUG Residence, and Vista OUG will all be finished and fully sold by August 31, 2022.

According to Gan, Platinum Splendor Residensi Semarak has a 99.93% take-up rate.

He states that the group is now working on projects in Kuala Lumpur with a total GDV of RM1.45 billion, maintaining its upward trend.

The projects, whose completion is anticipated for the fiscal year 2025, are PV9 @ Taman Melati, Vista Sentul Residences, and Vista Wirajaya 2.

Gan stated that the management of Radium is excited to start this new phase of the group' development with regards to the upcoming initial public offering.

"In order to improve our position in the field of urban property development, we are drawing on years of expertise. In keeping with our commitment to upholding high standards in our ongoing and forthcoming projects and in line with our mission to create better communities, "He stated today in a statement.

Radium aims to list in the second quarter of 2023, if no unforeseen circumstances arise.

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