USJ property

This is the second in a series of four snapshots on USJ. Look out for part 3 tomorrow.

•    The secondary market in USJ offers plenty of choice for those looking for an affordable unit in a mature township. Based on theedgeproperty.com’s analysis of transactions in the 12 months to 3Q2014, the average transacted price per square foot (psf) was RM411 psf in 3Q2014 with an average transacted unit price of just RM342,000.

•    In the same period, the RM300,001-RM400,000 price range accounted for up to one-third of transactions (32.7%). This was followed by the RM100,001-RM200,000 price range (15.4%). Up to 82.9% of transactions were below the affordable RM500,000 level.

•    Indera Subang has the priciest condominiums, with an average transacted price of RM750,000, or 30% higher than the next priciest development. Indera Subang is fairly dated, hence the steep price tag is due to its generous unit sizes, with typical units ranging from 1,500 to 2,500 sq ft. The most expensive transaction in the review period was for a 2,200 sq ft unit which sold for RM1.1 million in December 2013. Other pricey developments in USJ include Riverdale @ USJ One Park (RM559,000), Sri Bayu Condominium (RM554,000) and Impian Meridian (RM521,000).

•    Within the lower-middle class segment, Goodyear Court provides a wide range of options for buyers. Prices vary according to different facilities and security offered. As such, the average unit prices between the Goodyear Court developments range from about RM167,000 at Goodyear Court 4 to RM336,000 at Goodyear Court 9.

•    The low-cost apartments and flats are the most affordable. They are led by Angsana Apartment in USJ 1 (RM84,000) and the Taman Subang Mas shop apartments (RM89,000).

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.

Related story:
PROPERTY SNAPSHOT 1: USJ secondary market takes off

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