PROPERTY SNAPSHOT 3: What are developments priced in Subang Jaya?

•    Today, we continue our focus on Subang Jaya by looking at average prices on a per square foot (psf) basis. Based on transactions analysed by TheEdgeProperty.com, the average price of non-landed homes in the area was RM598 psf in 1Q2015, up 8.4% y-o-y from RM552 psf in 1Q2014.

•    The property market in Subang Jaya falls primarily within the mid- to high-end segment. In the 12 months to 1Q2015, 35.9% of the secondary non-landed residential transactions were within the RM601 – RM800 psf range. Another 29.3% fell within the RM401 – RM600 psf range.

•    The most expensive project was Subang SoHo, with an average price of RM886 psf, almost 25% higher than the next project. Located close to the affluent neighbourhood of SS19, this modern condominium caters primarily to single executives or couples.

•    The units here are compact, ranging from 495 sq ft to 1,289 sq ft, and many are designed as loft units. The smaller units were the most popular among buyers. In March 2015, a 495 sq ft unit here was sold for RM919 psf, earning the title as the most expensive unit sold in Subang Jaya within the review period.

•    Transactions at the top three most expensive projects were primarily for studio or 1-bedroom units, driving up the project’s average price. Casa Tiara (RM709 psf) is located within the commercial heart of SS16 while Menara Rajawali (RM692 psf) is located close to the educational institutions in SS15.

•    The most affordable projects were the mid-cost apartments within the industrial neighbourhood of Subang Hi-Tech Industrial Park. They were led by the Taman Bukit Pelangi Apartments (RM250 psf) and Suria Subang Apartment (RM262 psf).

Click here to check out the price trends at Casa Tiara.

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.