get my refund too. thanks for the compensation





This post has been edited by shaoching: Jul 22 2023, 03:08 PM

It's a good investment indeed, that's why always do due diligence for the developer background and only strong financial developers are able to compensate without playing the tricks. It's very important.

Congrats to the investors but feel sorry for home seekers. It is a good location with the affordable price tag. Hardly can find this price in this prime area.

Let's be frank, it was a gamble. In this case investors got lucky because the Courts decided for DBKL to buy back the land from dev and compensate the buyers to boot. What if it had gone the other way? Or if the case dragged out longer? Opportunity cost is cost as well..

There will be only 2 outcomes in the end. Win or lose. If project continues, buyers are continue as per usual. If terminated, they got their compensation. This is not lousy project after all. Now the biggest loser is the developer.

100% return in less than a year
good investment indeed

If DBKL buying back, the loser is only the taxpayers 😁

DBKL definitely have to buy back the land as compelled by court.

Now already with 2 landmark cases where DBKL lost class suit..

DBKL no longer can do what they want with public land otherwise risk being sued and lost. Those who decided need to be accountable as this involved taxpayer money....

most likely they ady got a land swapped or offered as they are now busy with si "Radium adesa @ sungai besi & wilawah desa timur" if not mistaken.

Causse noticed the platinum office at OKR already advertising these latest projects at sg. besi...

Really dunno what kind of council this is. They are meant to protect the interests of KL residents and they’re wasting taxpayer’s money defending the indefensible.

Get my deed of rescinded letter, can closed case and look for other opportunities

what happened to this project?

Now frontage have Sunway Velocity 3, side have amaya & Lavile 🤔

you get your refund, the devoper gets 207m settlement from DBKL ...


KUALA LUMPUR (Nov 13): Radium Development Bhd (KL:RADIUM) has reported a net profit of RM94.24 million for the third quarter, a sharp increase from RM4.81 million a year earlier, mainly due to a one-off gain of RM123.7 million from a land settlement deal with the Kuala Lumpur City Hall (DBKL).

Revenue for the three months ended Sept 30, 2025 (3QFY2025) slipped 7% to RM45.06 million from RM48.45 million, reflecting progress across key developments, including Suite Canselor @ Ampang, Vista Adesa, Radium Adesa @ Sungai Besi, and Radium Arena @ Old Klang Road, according to the group in a bourse filing on Thursday.

The group declared an interim dividend of one sen per share, payable on Dec 12.

On the deal with DBKL, Radium said in a separate filing that it has signed a settlement agreement with the Kuala Lumpur mayor to formalise DBKL’s acquisition of a piece of land in Kuala Lumpur, referred to as Lot 810, for RM206.66 million. DBKL gave its consent to the settlement on Thursday.

The agreement, dated June 25, gives effect to the acquisition under Section 47(3) of the Federal Territory (Planning) Act 1982.


Radium noted that the settlement stems from an order by the Court of Appeal, reaffirmed by the Federal Court on June 21, 2023, to acquire Lot 810 — a property under development by its 80%-owned subsidiary Pavilion Integrity Sdn Bhd.

Radium said that for FY2025, the group's performance is expected to be primarily driven by its key development projects, including ongoing projects at Residensi Desa Timur, comprising Residensi Wilayah and Suite Apartments components, with a combined estimated gross development value (GDV) of RM1 billion.

The group said Radium Arena, a newly launched 988-unit suite apartment in Old Klang Road in FY2024, with an estimated GDV of RM506 million, has garnered encouraging market responses since launch.

On its diversification into healthcare, the group said its 140-bed tertiary hospital in Ayer Keroh, Melaka — formerly known as A Famosa Specialist Hospital — is set to open by mid-2028 to serve tier-two cities and support medical tourism.

“While healthcare represents an important diversification, Radium remains fundamentally a Kuala Lumpur-centric property developer," said group managing director Datuk Gary Gan Kah Siong.

"Our ongoing projects and recent land acquisitions in the Klang Valley continue to underpin our core business and future growth. This hospital development complements our vision of creating integrated and sustainable communities that meet both immediate and future needs.”

Radium added that subject to feasibility studies and regulatory approvals, its healthcare arm may expand to other strategic locations in the coming years, reflecting a longer-term commitment to growing the healthcare portfolio in a measured and sustainable manner.

Radium shares closed unchanged at 50 sen on Thursday, valuing the group at RM1.73 billion. Year to date, the stock has remained largely flat.

This post has been edited by NoNameSoldier: Nov 13 2025, 08:45 PM


Attached thumbnail(s)

faak the Pavilion Integrity big time

RM207M settle but how much was invested?

ground piling not even completed, then scrapped .. how much you think they have invested? also trapped the buyers for many years when the dispute was in limbo

Article mentioned RM123m nett gain so can work out how much capital invested.

Not sure this gain is taxable or not

And DBKL taxpayers are the biggest losers at the end of this. Not sure anyone will be accountable by this.