Radium Development Bhd, an asset-light and city-centric developer, is strategically focusing on fast turnaround development projects in the Klang Valley. The company is actively seeking potential pocket land in the area and exploring new business ventures for diversification. Radium Development aims to build prudently for sustainable growth in the real estate market [aea21aef].
In March 2024, the Asia Pacific Leasing Market Sentiment Index reported positive leasing sentiment in major markets, with Japan showing strengthened sentiment in the retail sector. However, Mainland China and Hong Kong reported negative sentiment, indicating a longer recovery period [aea21aef].
Pentago House, a historic building in Jalan Rotan, Kuala Lumpur, has been restored and now serves as the office of the Pentago Group of Companies [aea21aef].
In Singapore, a unit in Tanglin Park was sold for a profit of S$2.7 million [aea21aef].
The Edge's April 15, 2024 issue is available in both print and digital copies [aea21aef].