PROPERTY SNAPSHOT 4: What’s hot in Subang/Ara Damansara?

This is the final part in a series of four snapshots on Subang and Ara Damansara.

• What kind of price growth and indicative asking rental yields do non-landed residences in Subang and Ara Damansara fetch? From analysis of transactions by theedgeproperty.com, low-cost apartments and flats charted the highest growth in capital values on a percentage basis.
   
• Subang Impian, located close to Subang Bestari, gained 35.6% y-o-y to reach RM163 psf in average price in the 12 months to September 2014.
   
• In the mid-end segment, Puncak Nusa Kelana in Ara Damansara saw its average price hike up 30.8% y-o-y to RM443 psf over the same period. The project also recorded the highest gain in absolute average price, with an increase of RM104 psf from the previous year. Future developments in the vicinity of Puncak Nusa Kelana include The Potpourri and Urbana.
   
• From observation of asking rentals as at June 2015, Pangsapuri Merak within Kampung Melayu Subang appears to generate the highest rental yields at 8% annually, due to its low capital value (RM179 psf). The upscale Elmina development by Sime Darby is just down the road.
   
• In Ara Damansara, the highest yields can be found at Puncak Nusa Kelana (4.9%), Oasis Serviced Suites (4.7%) and Puncak Seri Kelana (4.6%).
   
• The average rental rate at Pacific Place stands at RM1.74 psf, translating into a modest indicative rental yield of 3.7% per annum. This could be due to the high supply. However, both rental rates and capital values at Pacific Place could pick up with the completion of the Ara Damansara LRT station on the Kelana Jaya line. Pacific Place would be the only high-rise residence situated within walking distance of the upcoming LRT station.

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.