PROPERTY SNAPSHOT Self-sufficient Subang Jaya

•    This week, we focus on the non-landed residential properties in the well-established neighbourhood of Subang Jaya, originally developed by Sime UEP Bhd in the 1970s. The areas referred to in this study also include Taman Wangsa Baiduri, Taman Mutiara Subang and Taman Bukit Pelangi. 

•    Subang Jaya is a highly sought-after address given the abundance of retail and commercial, healthcare and educational amenities in the vicinity.

•    The township comprises mostly terraced houses, with condominium developments mainly concentrated around the retail belt of SS16 and the Subang Jaya lake in SS12. There are also a few apartments clustered around the tertiary institutions in SS15.

•    Prices in Subang Jaya have grown steadily. Based on theedgeproperty.com’s analysis of transactions, the average transacted price per square foot (psf) of non-landed residential properties was RM581 psf in 3Q2014, up 15% y-y from RM506 psf in 3Q2013.

•    Total transaction volume for the 12 months to 3Q2014 fell 28.9% from 277 to 197 units. Transaction activity is likely to pick up to reflect the completion of Isola at the end of 2014. Also, transaction data received has yet to reflect the sales of Pandora Serviced Residences at Tropicana Metropark, reportedly priced between RM600 and RM 800 psf.

•    The landscape in Subang Jaya is set to change with the upcoming 88-acre Tropicana Metropark integrated development.

•    Another catalyst is the Kelana Jaya LRT extension to Putra Heights, due for completion at end 2016. The Kelana Jaya Line will intersect the Port Klang Line at the existing Subang Jaya station. There will also be two new stations at SS15 and SS18, improving connectivity within Subang Jaya.

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