“Radium Arena blends heritage and modern living in Kuala Lumpur’s Old Klang Road.”
Kuala Lumpur, 11th Sept 2024, 12.25pm – Radium Development Bhd’s latest project, Radium Arena, marks a transformative step in Kuala Lumpur’s Old Klang Road, combining the rich heritage of the area with modern urban living. Set to launch by the end of next month, this development is more than just a housing project; it embodies the company’s vision of building communities that honor the past while embracing the future.
Group Managing Director Datuk Gary Gan emphasized the development’s unique vision: “Radium Arena reflects our commitment to blending the past and the future, ensuring heritage and modernity coexist harmoniously. Our mission is to provide quality homes that meet the aspirations of Malaysians.”
With a gross development value (GDV) of RM550 million, Radium Arena is poised to become a landmark in one of KL’s most vibrant districts. The development occupies 1.23 hectares of prime freehold land and offers 988 residential units spread across two 40-storey blocks. With unit sizes ranging from 61 square meters for two-bedroom apartments to 85 square meters for three-bedroom dual-key units, Radium Arena caters to first-time homebuyers, young professionals, and investors alike.
Prices start at an accessible RM410,000, making the project an attractive option for those looking to invest in prime urban real estate. Gan stated, “We’re highly confident that we will sell 50 per cent of the units by the end of this year and reach 80 per cent within a year of the launch.”
Modern Amenities with a Focus on Sustainability
Radium Arena is designed with over 30 exclusive amenities, offering a blend of luxury, health, and community living. Residents will enjoy facilities such as an infinity pool, aqua gym, jogging path, and yoga studio located on Level 8. For those who appreciate greenery, the rooftop offers an urban farming area, a yoga deck, and a private lounge with panoramic views of the Kuala Lumpur skyline.
In keeping with global trends toward eco-friendly living, Radium Arena has already received the Provisional GreenRE Certification (Gold) for its sustainable and green initiatives. The development includes a three-tier security system, ensuring that residents can enjoy their homes in peace and safety.
Location and Connectivity
Strategically positioned on Old Klang Road, Radium Arena boasts excellent connectivity to major highways, including the New Pantai Expressway and the KL-Seremban Highway. Residents can quickly access key areas such as Petaling Jaya, Bukit Jalil, and Bangsar, making it an ideal home base for both work and leisure.
In terms of nearby amenities, residents are just a short drive from prominent medical and recreational facilities like Assunta Hospital, Mid Valley Megamall, and Pavilion Bukit Jalil. Additionally, the proximity to the Datuk Lee Chong Wei Sports Arena provides residents with immediate access to a world-class sports facility.
Revitalizing the Old Klang Road Housing Market
According to Gan, Radium Arena is part of a broader strategy to revitalize the property market in established urban areas like Old Klang Road. “We’re witnessing increased foreign investment, largely driven by major infrastructure projects and the development of economic zones in Malaysia. With more investors coming in, we can expect pent-up demand for landed and high-rise residential properties in prime locations,” Gan explained.
While the Malaysian housing market faced challenges in recent years, Gan is optimistic about a recovery, citing lower mortgage rates and improved market conditions. “If the economy continues to strengthen, we could see a housing boom within two to three years,” he noted.
Gan also expressed hope for government initiatives in Budget 2025, particularly those aimed at helping first-time homebuyers. He believes affordable housing projects like Radium Arena are essential in boosting homeownership in Malaysia.
A Bright Future for Radium Development
Radium Development Bhd has experienced significant growth since its listing on the Main Market of Bursa Malaysia in May 2023. The company raised RM434 million in proceeds from its share sale, with RM171 million allocated for land acquisition and development, and RM109.3 million earmarked for hotel construction. As a city-centric developer, Radium’s focus on fast-turnaround projects in well-established areas underscores its commitment to providing quality urban housing.
The Radium Arena project reflects this strategy, combining heritage with modernity to create sustainable, high-quality homes for Malaysians. Set for completion by the fourth quarter of 2028, Radium Arena is not just a residential development; it is a statement about the future of urban living in Kuala Lumpur.
With its affordable pricing, luxurious amenities, and strategic location, Radium Arena is poised to become a top choice for both homeowners and investors seeking a modern, connected lifestyle in the heart of Kuala Lumpur. As the housing market begins to show signs of recovery, Radium Development’s commitment to quality and sustainability places it at the forefront of Malaysia’s property sector transformation.
