More affordable housing making its way to market
Kenanga Research says the property sector continues to improve based on what it sees dissipating concerns over affordability...
Datuk Gary Gan Kah Siong, the managing director of Radium, said the company is dedicated to offering high-quality housing solutions to fulfil the demands of Malaysians in all economic categories as a developer concentrating in Kuala Lumpur properties.
According to him, the company's luxury R Suites Chancery Residences in Ampang, which debuted this year, has captured the attention of northern and Klang Valley real estate investors.
He said the RM521 million project satisfies the needs of real estate investors who want to diversify their holdings in the hope of making money over the long run and who seek great quality and value from their assets.
Radium also recently opened the sales gallery for its latest project, the 9.77-acre Desa East Residences development in Sungai Besi, Kuala Lumpur.
Gan said that hundreds of people came to the sales gallery's launch eager to learn more about the project.
"The positive response we received towards Desa East Residences demonstrates that there is a huge demand for attractively priced and well-located projects, and is a testament to the purchasers' confidence in the Radium brand and product offerings," he said in a statement.
Gan said this project is in line with the company's commitment to providing attainable homes in the vicinity of Kuala Lumpur city, which coincides with the government's Madani aspirations of inclusive development for all Malaysians.
With an expected completion date in the fourth quarter of 2027, he said Desa East presents an exciting opportunity for those seeking quality and attainable properties in a strategic location, offering seamless access to major roads, including the Sungai Besi Highway, SMART Expressway, MEX Highway, and Salak Expressway.
Vista Adesa Residensi Wilayah offers 1,218 units under the Residensi Wilayah (also known as RUMAWIP) affordable housing scheme.
These 800 square foot units, which offer roomy three-bedroom, two-bathroom arrangements and are priced at RM300,000 each, have proven popular with first-time homebuyers, according to Gan.
He said more than 600 applications, or roughly 50 per cent have been submitted for the project, and their purchases are currently awaiting authorisation from the relevant authority.
The 1,218 units in Radium Adesa Residence, with sizes ranging from 1,218 to 2,560 square feet, are geared towards urban residents who want larger floor plans and more spacious built-up houses in prime locations.
Gan said this project's competitively priced RM388,000 asking price has also sparked the interest of buyers looking for high-quality residences at affordable costs.
He said there has been a 70 per cent take-up rate, with the majority of buyers upgrading their current houses to larger units to take advantage of the prime location.
