PROPERTY SNAPSHOT 3: What are developments priced at in Subang/Ara Damansara?

This is the third in a series of four snapshots on Subang and Ara Damansara. Look out for part four tomorrow.

• We continue our focus on Subang and Ara Damansara by looking at average prices on a per square foot (psf) basis. Based on transactions analysed by theedgeproperty.com, the combined average price of non-landed properties was RM384 psf in 3Q2014, up 29.8% yo-y.

• Taken as a whole, the number of low-cost apartments and flats far overwhelms that of condominiums in the area, most of the former being in Subang. Despite a slowdown in transaction activity in the lower-end segment in the 12 months to 3Q2014, the large majority (41.5%) of transactions still fell within the under RM200 psf range. The next largest price range was the RM201 — RM400 psf range, accounting for 24.5% of transactions.

• The most expensive address is Oasis Serviced Suites, with an average price of RM744 psf. The average price here has been driven up by the high number of studio units transacted. In the review period, studio units were sold between the range of RM720 — RM860 psf. Relative to Pacific Place, asking prices at Oasis Serviced Suites are slightly higher, owing to the better facilities and the premium associated with the developer, Sime Darby.
   
• Pacific Place comes in third, with an average price of RM566 psf. While there is more variety here, the units are smaller than at Oasis Serviced Suites. For a 2-bedroom configuration, Oasis offers units sized at 944 sq ft while Pacific Place offers slightly more compact units sized between 864 and 906 sq ft.
   
• Unsurprisingly, the cheapest buildings are the low-cost apartments and flats such as the Taman Subang Perdana flats (RM133 psf) and Pinggiran Subang Apartment (RM153 psf).

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