NEW STRAITS TIMES. 9TH JANUARY: Radium Development Berhad, which has received approval from the Securities Commission to list its shares on Bursa Malaysia, said that its strategy to build affordable houses has been a resounding success.
Group managing director Gary Gan Kah Siong said the company has deliberately focused on facilitating home ownership within Kuala Lumpur, notably in the affordable homes category in keeping with the city’s fast urbanisation, according to group managing director Gary Gan Kah Siong.
“This strategy has paid off handsomely in building our track record, as homebuyers enjoy the urban lifestyle within well-developed infrastructure and amenities such as public transportation, educational institutions, healthcare facilities, shopping malls, and recreational parks,” he said.
Radium has completed high-rise residential buildings in Kuala Lumpur with a gross development value of RM1.49 billion since 2013. As of August 31, 2022, Vista Wirajaya, Vista Semarak, Platinum OUG Residence, and Vista OUG have all been completed and fully sold.
Platinum Splendor Residensi Semarak has a 99.93 per cent take-up rate, said Gan.
According to him, the company is now developing projects in Kuala Lumpur with a total GDV of RM1.45 billion, continuing its growth trajectory.
The projects are PV9 @ Taman Melati, Vista Wirajaya 2, Vista Sentul Residences, and R Suite Chancery Residences, which are scheduled for completion by the fiscal year 2025.
Regarding the impending initial public offering of Radium, Gan said that the management is eager to begin this new phase of the company’s development.
“This is drawing from years of experience to strengthen our position in the urban property development space. We are committed to providing quality standards in our current and upcoming projects, in keeping with our goal of building good for the community,” he said in a statement today.
Barring unforeseen circumstances, Radium aims to be listed in the second quarter of 2023.