PROPERTY SNAPSHOT 2: What’s affordable in USJ?

•     While USJ has yet to hold a candle to its more upmarket neighbour, Subang Jaya, the neighbourhood is becoming more vibrant with many new residences and malls.

•     Based on TheEdgeProperty.com’s analysis of transactions, the average transacted price was RM456 psf in 1Q2015 while average transacted price per unit was about RM365,000.

•     USJ offers numerous affordable properties. In the 12 months to 1Q2015, the RM300,001 – RM400,000 range made up the highest percentage of transactions (37.5%) followed by the RM400,001 – RM500,000 range (16.7%). In total, some 81.7% of transactions were for homes priced under RM500,000.

•     The most expensive project was Indera Subang at an average price per unit of RM729,000, at least 27% higher than the next most expensive project. Located in USJ 6, this condominium is close to the Taipan commercial centre in USJ 10. It consists primarily of family-sized units of 1,500 sq ft to 2,500 sq ft. In September 2014, a 1,776 sq ft unit here was sold for RM808,000, making it the highest priced unit transacted within the review period.

•     Next is Riverdale @ USJ One Park. Developed by BHL Group, USJ One Park is a gated-and-guarded neighbourhood comprising two condominium blocks, terraced and semi-detached houses. Typical 3-bedroom units at Riverdale measure 1,238 sq ft and had transacted within RM480,000 – RM650,000.

•     Buyers looking for affordable homes would find plenty of choices at the Goodyear Court projects. Prices here vary based on age and facilities. Average prices range from RM215,000 at Goodyear Court 2 to RM367,000 at Goodyear Court 9.

Check out the price trends at Indera Subang here.

The Analytics are based on the data available at the date of publication and may be subject to revision as and when more data becomes available.