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PROPERTY SNAPSHOT 4: What’s hot in Subang Jaya?

Subang Jaya

•    Today, we look at price growth and indicative asking rental yields for non-landed homes in Subang Jaya. From analysis of transactions by TheEdgeProperty.com, the average transacted price for non-landed homes in the secondary market was RM598 per square foot (psf) in 1Q2015, up 8.4% y-o-y.

•    Average prices have grown modestly across the market, buoyed by the flurry of development activity in the vicinity. The highest relative price growth can be found at Laman Baiduri, with the average price up 29.3% y-o-y to reach RM656 in the 12 months to 1Q2015.

•    The neighbouring Spring & Summer Villa also appears to have done well, with the average price gaining 21.8% y-o-y to reach RM343 psf. While prices here are still much lower than at Laman Baiduri, unit sizes here are very generous, typically ranging from 1,306 sq ft to 2,088 sq ft. Hence, prices per unit here remain elevated, with the average unit price at RM675,000.

•    My Place is also one of the top performers, with the average price gaining 23.9% to reach RM621 psf. Notably, the average price at the nearby Menara Rajawali remains slightly higher at RM692 psf, partly due to its smaller unit sizes, which generally command higher prices.

•    The rental market here is dynamic, with the Subang campuses of INTI International College and Taylor’s University concentrated in SS15. The commercial strip at SS16 is also ideal for renters, offering easy access to malls and the Subang Jaya KTM station.

•    Nonetheless, the highest annual indicative yields, at 6.4%, can be found at Subang Olives Residence. This luxury condominium can be found at the quieter end of Jalan SS16/1.

Click here for the price trends at Spring & Summer Villa.

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.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
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