KLANG VALLEY RETAIL SUPPLY IN 2017 - PLUS - Henry Butcher Malaysia
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MARCH 2018
by Henry Butcher Malaysia
KLANG VALLEY
RETAIL SUPPLY
IN 2017
KDN PP18893/11/2015(034373)
PLUS
All Eyes on Selangor New Launches Value Map Series:
Antara 2017 vs 2016 USJ (Subang Jaya Part 2)
MARCH 2018
by Henry Butcher Malaysia
Publisher
Henry Butcher Malaysia Sdn Bhd
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Editor’s Note
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Valuation
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Oversupply of retail space in Malaysia has So how does that translate to our Malay-
been one of the hottest topics for the last 6 sian context?
• Semi Furnished Real Estate Agency
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months.
Consumers are still visiting shopping malls
• Putrajaya Lake View Email: hbre@henrybutcher.com.my
Some professionals even predict closures – large malls in particular, especially
Market Research & Development Consultancy of many shopping malls in Malaysia within during weekends.
• Government Staff Tel: 603-42702072 Fax: 603-42702082
Email: hbampang@henrybutcher.com.my
the next few years. This is especially so
when we read many reports of few Visiting shopping centres remains a
Incentives Retail Consultancy hundred shopping centres closing down in lifestyle of Malaysian consumers, especial-
Tel: 603-91305550 Fax: 603-91304003 United States. And we hear that a few ly during the weekends. It is a family
• Easy Entry Package Email: tanhaihsin@yahoo.com
thousand retail stores shutting down in outing, a friends' gathering place, a movie
Facilities & Asset Management this highly-developed nation. day, a relaxation spot with free air-condi-
*Terms and conditions apply.
Tel: 603-62053330 Fax: 603-62062543 tioning, an exciting place to see nice
Email: admin.assetmgmt@henrybutcher.com.my However, this concern is unwarranted. things, and a one-stop centre for grocery
*FREEHOLD*
Plant & Machinery Consultancy shopping, fashion buying, dining and
Tel: 603-26942212 Fax: 603-26943484 Firstly, online retail sales is not replacing entertainment. Therefore, shopping traffic
Email: hbmalaysia_pnm@henrybutcher.com.my shopping malls. There are many reasons to major shopping centres in Klang Valley
Auctions & Tender Sales
for the closure of shopping centres in is not expected to decline.
STAR TIN G P R I C E AT R M 31 6 , 0 0 0
Tel: 603-26942212 Fax: 603-26941292 United States. Online retail is just one of
Email: auctions@henrybutcher.com.my the many reasons. All in all, though challenging, the retail
market is poised for growth, barring any
Art Consultancy
Tel: 603-26913089 Fax: 603-26021523 Next, we should look at the numbers, there drastic developments.
Email: info@hbart.com.my are 108,000 shopping centres in United
States. Let’s say 200 of them closed down -
OUR OFFICES
| SELANGOR | Subang Jaya • Ampang • Mont’ Kiara |
this represents only 0.18% of the total
number of shopping centres. Aside from
Tan Hai Hsin
NEGERI SEMBILAN | Seremban | KEDAH| Alor
Setar • Kulim | PENANG| Island • Butterworth • Seberang large shopping complexes, there are 3.2 Managing Director
Henry Butcher Retail
Perai | JOHOR | Johor Bahru • Kluang • Muar • Pontian |
PAHANG | Kuantan | MALACCA | Melaka | million brick-and-mortar retail shops in
TERENGGANU | Kuala Terengganu | PERAK | Ipoh United States. Even if 1,000 of them closed
| KELANTAN | Kota Bahru | SABAH | Kota Kinabalu
• Sandakan • Tawau | SARAWAK | Kuching • Miri down, this represents 0.03% of total supply.
PAST EDITIONS Shopping centres with low occupancy rates
may attract non-retail operators to occupy
2017
its retail space. Non-retail operators may
include office, hotel, government depart-
ment, medical centre, community centre,
etc. Failed shopping centres can also be
torn down and re-built into other types of
real estate developments (mixed-use
development, office, hotel, government
Jan 2017 Feb 2017 Mar 2017 Apr 2017
department, hospital, etc.). They may have
some retail shops at the ground floor.
CALL US NOW
Faridzul +6016 3085 825
May 2017 Jun 2017 Jul 2017 Aug 2017
Muhaimin +6017 4610 067 Printed by:
Sept 2017 Oct 2017 Nov 2017 Dec 2017
Percetakan CL Wong Sdn Bhd
25 Jalan Yap Ah Shak, 50300 Kuala Lumpur, Malaysia. AS-84, Jalan Hang Tuah 4,
Marketing Agent: Email: thaiproperty@henrybutcher.com.my Taman Salak Selatan,
Tel no. +603-2693 8380 / 81 | Fax no. +603-2602 1842 57100 Cheras, Kuala Lumpur. 3 / HERALD MARCH 2018
New Openings in 2017
There were altogether 8 new shopping centres that opened in 2017:
Table 2: New shopping centres opened in 2017
Name Location Net Lettable Anchor Tenant Occupancy
Area (sf) Rate (%)*
MyTown Cheras 1,100,000 Parkson 90
KL Gateway Mall Bangsar 350,000 Jaya Grocer 85
Melawati Mall Melawati 620,000 Village Grocer/ GSC 90
Empire City Mall Damansara 1,800,000 Parkson/ Ice Skating Ring 25
Eight Kinrara Bandar Kinrara 70,000 Anytime Fitness 60
KIP Mall Sepang 250,000 Econsave/ Mr DIY 80
Centrus Mall Cyberjaya 200,000 None 5
Amerin Mall Balakong 155,000 SKM Mkt/ Amerin Cineplex **NA
TOTAL 4,545,000
Source : Henry Butcher Retail
* - occupancy rates were estimated based on observation studies carried out before 15 December 2017
** - Amerin Mall was opened on 15 December 2017.
Major Challenges Retail Trends in 2017
Even though operation costs were higher in 2017, For 2017, the rapid rise of e-commerce proved to be
KLANG VALLEY
shopping centre owners were unable to increase a worthy challenger and threat to brick-and-mortar
their rental rates any higher as compared to 2016. retailers in Klang Valley. Foreign and Malaysian
In order to remain competitive, these owners either online retailers enjoyed a fruitful year with several
had to maintain, or in some cases, offer monetary major shopping events including #MyCyberSale,
incentives (including lower rental, longer rent-free Double 11 Single Day and Double 12 Celebration.
period, subsidised renovation costs, etc.) to keep For the first time, #MyCyberSale was jointly
RETAIL SUPPLY
existing tenants, or attract reputable tenants to organised by Malaysian Digital Economy Corpora-
open outlets in their premises. tion (MDEC) and National ICT Association of
Malaysia (Pikom). This 5-day event also broke a
That being said, the rising cost of living and current record for participation by 1,000 online merchants.
economic conditions are the most important and
IN 2017
significant challenges faced by retailers. This On a positive note, the proliferation of cashless and
resulted in drops in average occupancy rate and mobile payment systems (Alipay, Samsung Pay,
average rental rate, as businesses weren’t able to Visa Paywave) is another trend to look out for. With
sustain themselves under the current conditions. smartphones becoming widespread in the popula-
Even the prominent shopping centres in Klang tion, and more retailers offering these payment
Valley were not spared from this. options in-store, expect to see these systems being
accepted by Malaysians in the short term.
Klang Valley has also been facing an oversupply in
Melawati Mall. Photo credit: thestarproperty.my
the retail segment for the last 8 years, albeit
Challenges ahead, but poised for growth location-specific - prominent in areas like Kuala
Lumpur city centre, Petaling Jaya, Damansara,
Cheras, etc, but not apparent in areas like Klang,
Bangi, Kajang, Kepong, etc.
Table 1: Retail Supply in Klang Valley, 2017
In a recent published report by Bank Negara of
2017 proved to a slow year for Klang Valley’s No. of Total Nett Floor Average Malaysia, there is a glut of retail space in Malaysia.
Average Rental Rate Occupancy
(including Selangor, Putrajaya and Kuala Lumpur) No. Location Malls # Area (sq ft) (RM psf pm)* In response to this report, the government stopped
retail sector, an effect from the current economic Rate (%) all new applications to build shopping centres.
slowdown. Despite the abundance in retail space, However, in December 2017, the Malaysian govern-
The average occupancy rate of these shopping 1 Kuala Lumpur 112 33,538,465 12.29 79.6 ment decided to relax this ruling. No detailed
centres dropped for the second consecutive year, guidelines have been published to-date, but this will
from 79.9% in 2016 to 78.3%. The specific 2 Selangor 147 38,838,806 9.16 77.0 affect upcoming developments in the near future.
breakdown for each area can be found in Table 1.
3 Putrajaya 3 1,957,573 3.72 82.0
TOTAL 262 74,334,844 8.97 78.3
MyTown, located in Cheras. Photo credit: Eileen Siaw
# - includes hypermarket malls and arcades
* - excludes rental rates of anchor tenants such as supermarket, department store, cineplex, bowling alley, etc.
Source : Henry Butcher Retail/ 2H2017 Property Market Report, NAPIC
4 / HERALD MARCH 2018 5 / HERALD MARCH 2018
ALL EYES ON ANTARA
New Players
Despite challenges, many overseas retailers continue to choose Klang Valley shopping
centres to open their first outlets in Malaysia. They include at least 43 brands (in Klang
Valley shopping centres only) from 15 countries:
Antara Residences, the upcoming serviced
Table 4: New foreign retailer entrants residences by Nadi Cergas Development Sdn
Bhd has been getting a fair bit of attention lately,
No. Country of Origin Brand Name Trade being positioned as one of Putrajaya’s most
affordable property offering. Catering to
1 Australia Pie Face F&B
government servants looking for an upgrade,
2 Spetta F&B Antara melds affordability with ample space for
residents, with unit sizes starting from 583 sq ft
3 King Living Furniture to 1,006 sq ft.
Off-White from Italy.
4 China HLA Fashion
In March, Nadi Cergas Development organised
5 JiuQiu Bookstore two events to draw the interest of keen investors.
6 Denmark Jack & Jones Fashion The first half of March saw Nadi Cergas holding
its own Chinese New Year celebrations,
7 Vero Moda Fashion complete with lion dance and Chinese drum
troupe touring the showrooms.
8 Dubai Juiceco F&B
9 France Sergent Major Fashion Meanwhile, the second half of March saw an
event that caters to the younger ones. A petting
10 Marche Movenpick F&B zoo was held in the area, letting children
11 Louis Quotorze Fashion The energetic lion lets loose. interact with various domestic creatures - a first
time hands-on experience for many of them.
12 Laduree F&B
13 Hong Kong Honolulu Cafe F&B Nadi Cergas has more in store, with more events
in Antara that will definitely pique your curiosi-
14 Italy Off-White Fashion ty. Stay tuned!
KOI from Singapore.
15 Japan Pokemon Cafe F&B
16 Owndays Lab Optical NOW OPEN FOR REGISTRATION
17 Mitsuyado Seimen F&B For more information please contact:
18 Yamazaki Bakery F&B Faridzul +6016 3085 825
Muhaimin +6017 4610 067
19 Jalan Jalan Japan Discount store
20 Singapore Koi F&B A representative from Nadi Cergas Development Sdn Bhd,
Thunderous drum pounds resonate throughout the gallery.
flanked by two lions.
21 Hillstreet Coffee Shop F&B
22 The Dark Gallery F&B
23 Tender Fresh F&B
24 South Africa Galito's F&B
25 South Korea Shinmapo F&B LC Waikiki from Turkey.
26 Kiss the Tiramisu F&B
27 Juicy F&B Outlook for 2018
28 Softree F&B Retail Group Malaysia forecasts Malaysia retail
industry growth rate in 2018 to be at 6.0%.
29 Isaac Toast F&B
There are three key factors that will affect retail sales • 1.32 acres, freehold, serviced apartments
30 Yoogane F&B
in 2018: • 29 levels, 458 units; Max 20 units per level
31 Taiwan City Milk F&B (3 wings; 6-8 units/wing)
• General Election before middle of this year. This • 3-tier security: Guardhouse main entrance,
32 Sunny Cha F&B will stimulate economic activity and boost consum- Children get a hands-on experience with various creatures. lift lobby and lift access card
33 Fruit Ninja at Dochi F&B ers' confidence level. • 675 carpark bays
• Ringgit against US$ returning to 2014 levels
34 DaYung F&B before the end of next year.
• Strong and sustainable economic data in China FACILITIES
35 Dream Colour F&B • Sky garden on every floor
and United States for next year.
36 Thailand Xugar F&B • Lap pool & wading pool
Similar to many new shopping centres having • Picnic pavilion
37 Cafeayan F&B opened during the last 2 years, shopping centres • Dining lounge
targeted to open in 2018 will face challenges to fill • Gym
38 Tearoi F&B up most of their retail lots upon their openings. To
• Surau
39 Turkey LC Waikiki Fashion attract tenants, they will need to lower their rental
rates in order to lure them.
• Playground & fitness corner
40 United States WingStop F&B • 2 Function rooms
• Relax lounge & cocoon pavilion
41 Rebecca Minkoff Fashion • Herb and perfume gardens
42 Wayback Burger F&B
Expected completion: 2021
43 TR Fire Grill F&B
Source : Retail Group Malaysia
The young ones also had a chance to ride a pony. Even the not-so-young ones joined the fun.
6 / HERALD MARCH 2018 7 / HERALD MARCH 2018
SELANGOR
N The year 2017 witnessed an increase in the
number of new launches in Selangor
2017 as well as units of between 1,001 and
1,500 sq ft. It was nevertheless interesting
Based on our data, Rawang marks the
location of the most affordable new strata
compared to 2016. Despite softer market to note that there was an increase in the developments in Selangor with a price
SERENDAH conditions, property developers in the state number of projects with large units of range of RM180 to RM220 per sq ft. Mean-
1
Landed switched focus to strata developments with above 3,500 sq ft. This may be due to the while, the most affordable new landed
RM300 smaller sized units and embarked on more increase in the number of semi-detached developments can be found in Kuala Selan-
- projects in an attempt to make up in sales and bungalow projects launched in 2017. gor (RM200 to RM450 per sq ft). Other
RM400
turnover - there were 88 new launches in areas of opportunities for landed properties
Developers launch more projects in 2017 PROJECT psf
2017, compared to 79 the year before. Price-wise, it is observed that there was an include Putrajaya (RM300 to RM500 per sq
SUNGAI BULOH increase in the number of projects with unit ft) Serendah (RM300 to RM400 per sq ft),
7
by Henry Butcher Research Landed RAWANG Although landed developments continue to priced above RM 1 million. This again could Klang (RM300 to RM600 per sq ft), Puncak
3
RM300 Landed form the majority of new projects launched be due to the increase in the number of Alam (RM300 to RM 400 per sq ft) and
- RM400 in 2017, with 57 projects out of a total of 88 semi-detached and bungalow projects Semenyih (RM300 to RM600 per sq ft).
RM850 - projects launched, they now form or 65% of launched in 2017. Nevertheless, buyers
2016 2017 PROJECTS psf RM700 total projects launched compared to 70% looking for value for money properties can Meanwhile, affordable high-rises are
High-rise PROJECTS psf
RM300 the year before. In addition, in terms of still find such opportunities in Selangor, located in Putra Heights (RM200 to RM300
High-rise
- RM180 number of units, whereas 2016 saw the total with 3 (approximately 4%) having units per sq ft), Semenyih (RM300 to RM350 per
SELAYANG
0% 5%
1
RM500 - units almost evenly split between strata and priced below RM500 per sq ft and 46 of the sq ft), Sungai Buloh (RM300 to RM500 per
79 88
psf High-rise
3
RM220 landed projects (11,813 strata; 10,528 new projects in 2017 (approximately 34%) sq ft), Kota Kemuning (RM350 to RM600
3
psf RM400
BKT JELUTONG - landed), 2017 saw a heavier focus on strata priced between RM501 to RM750 per sq ft. per sq ft), Kajang (RM400 to RM600 per sq
KUALA SELANGOR
2 1
PUNCAK ALAM RM500 units (16,289 over 9,380 landed units). Going up a tier, there were 45 projects ft), Selayang (RM400 to RM500 per sq ft)
1
PROJECTS PROJECTS Landed Landed SUBANG psf
1
Landed RM550
PROJECT offering units priced between RM751 to and Cheras (RM400 to RM500 per sq ft).
5%
RM200
%
Landed CHERAS Terrace and super link projects contributed RM1,000 per sq ft, compared to 28 projects
70 6 RM300 -
2
- RM600
- RM450 RM800 AMPANG Landed to the most number of new projects in 2016. There are 20 projects in 2017 Developments that are priced at the higher
2
RM400 PROJECTS psf
PROJECT psf - RM350 launched (32 in 2017; 34 in 2016), followed offering units priced at the higher tiers - 14 end of the spectrum are located in well-es-
Strata Strata PROJECT psf RM800 High-rise
-
Landed Landed
PROJECT psf RM550 by serviced apartments and residences (10 projects offering units priced at RM1,001 tablished and well-connected areas - Ara
SHAH ALAM - RM500 in 2016; 15 in 2017), and semi-detached and RM1,500 per sq ft; and 6 projects with Damansara (1 strata project, RM900 to
6
RM700 PROJECTS psf
Landed PETALING JAYA developments (11 in 2016; 7 in 2017). Never- units exceeding RM1,500 per sq ft. RM1,000 per sq ft), Subang Jaya (2 strata
1
53 6 RM300 PROJECTS psf High-rise
High-rise RM400 theless, 2017 saw a slight drop in the projects, RM900 to 1,200 per sq ft), Bandar
-
3%
RM1000 number of terrace/link house projects Out of 88 new projects in 2017, 57 projects Sunway (2 high-rise projects, RM900 to
%
RM800 -
- RM500 whilst there were an increase in the number had units with prices exceeding RM1 million, 1,300 per sq ft) and Petaling Jaya (1
22,341 25,669 PROJECTS psf PUCHONG
4
RM1200 psf
UNITS UNITS High-rise PROJECT psf Landed of apartment, condominium, serviced followed by 36 projects priced between high-rise project, RM1,000 to RM1,200 per
apartment projects as well as semi-de- RM601,000 and RM800,000, and 34 sq ft).
37
RM700 RM250
- ARA D’SARA - tached and bungalow projects. projects between RM801,000 to RM1
47
1
%
%
RM800 High-rise RM600 million. There were 10 projects that had 2017 proved itself to be an active year for
SUBANG JAYA psf RM900 PROJECTS psf
2
March, August, September and November units priced below RM400,000. developers, going on the offensive with
Strata High-rise - High-rise SEMENYIH 2017 were the active months of the period, more launches. Seeing as various infrastruc-
5
Strata RM1000 RM550
Landed Landed RM900 psf Landed November being the most active with 16 In terms of geographic distribution, several ture developments are currently underway
-
PROJECT -
PUTRA HEIGHTS RM750 RM300 launches. This contrasts with 2016, where locations in Selangor had multiple project (such as the KVMRT and LRT3 rail projects),
RM1200
2
psf - significant activity was registered in May (12 launches - notable areas include Setia Alam, we can expect to see a better-connected
PROJECTS psf Landed RM600
RM500 PROJECTS psf launches). For both years, launch activity Semenyih, Sungai Buloh and Klang, Selangor, and this could lead to more
- High-rise picked up during the second halves of each registering a high number of launches projects coming onstream to capitalise on
RM750 BANDAR SUNWAY SRI KEMBANGAN RM300 year - H2 2016 saw a steady stream, while across 2016 and 2017. 2017 saw the return of the improved accessibility to previously less
SETIA ALAM
2 3
psf
5
PROJECTS
High-rise KAJANG - H2 2017 saw more vibrant activity. activity to long-standing areas like Subang popular areas.
Landed KLANG High-rise
RM350
3
High-rise
5
RM300 RM900 RM550 Jaya and Bandar Sunway as well. All in all,
Landed RM200 Landed psf
- RM300 - - - RM450 In terms of unit sizes, we note there was a 2017 had a more diverse range, with launch-
RM600 - RM300 RM1300 RM800 - slight increase in the number of projects es spread out in various locales.
PROJECTS psf RM6 00 psf
PROJECTS psf PROJECTS psf RM700 with unit sizes of less than 1,000 sq ft in
High-rise PROJECTS psf PROJECTS psf
RM750 High-rise KOTA KEMUNING High-rise
6
- RM700 RM400
RM850 Landed
psf
- RM350 BDR SAUJANA - PUTRAJAYA Unit Sizes
$ Pricing Price Per
3
RM800 PUTRA RM600
2 3
- by Projects* by Projects* Square Feet*
psf High-rise psf Landed
RM900 RM300
PROJECTS psf RM500 CYBERJAYA
- - < 1,000sf
High-rise Landed RM500
RM600 < RM400,000 < RM500
RM350 RM350
-
PROJECTS psf PROJECTS psf 18% 19%
Total Launches by Month RM650
-
RM850
High-rise 8% 6% 4% 3%
RM500
psf PROJECTS psf -
2
Jan RM550 1,001sf - 1,500sf
3 psf RM401,000 - RM600,000
RM501 - RM750
Feb
4 14% 15%
4 SEPANG 18% 16% 52% 40%
4
7 Types of Projects Launched Landed
1,501sf - 2,000sf
Mar RM300
13 -
34 Terrace / Superlink
Apr 7 32 PROJECTS
RM500
psf
17% 13% RM601,000 - RM800,000
RM751 - RM1,000
8 High-rise
14
12 Serviced Residence / Serviced Apartment RM500 2,001sf - 2,500sf
22% 30% 40%
May
7 16 -
RM750
26%
3 14 psf
Jun Semi-D 23% 20%
3 15 RM1,001 - RM1,500
RM801,000 - RM1,000,000
9 4
* Based on total number of projects launched.
Jul Bungalow 2,501sf - 3,000sf
5 7
22% 21% 8% 12%
8
Aug
10
3 Condominium 13% 10%
6 Above RM1,500
8
Sept 4 Apartment / Flat Above RM1,000,000
8 3,001sf - 3,500sf
5
8 6% 5%
Oct
10 3 7% 9% 35%
4
Soho / Sofo / Sovo / Soso
26%
8 Above 3,500sf
Nov
16 1
Townhouse
Dec 3 3 8% 14%
1 2
Cluster
0
8 / HERALD MARCH 2018 9 / HERALD MARCH 2018
The fifth largest city/town in the country Most of the high rise residential projects
Impian COMPLETED (Built-Up SF) by population and a major township in in USJ were completed in the 1990’s (16
Meridian Selangor, the Municipality of Subang of 32), with another 10 completed in the
Minimum Maximum Jaya which comprises the original 2000’s. The newer ones like USJ One
Casa The Duo
Subang Jaya township as well as its Park, Da Men Residences, Main Place
Subang Angsana Flat 657 -
extension, UEP Subang Jaya (commonly Residences and The Regina were
Arcadia Apartment 983 1,087 referred to as USJ), parts of Bandar completed in the 2010’s, Da Men
Da;Men You One Sunway and Putra Heights has grown Residences is the most recent comple-
Casa Subang 678 1,066 and evolved from a rubber plantation tion (2016). Unit sizes vary significantly,
Goodyear USJ Da;men Residences 719 723
known as Seafield Estate into a vibrant starting at 418 sq ft (Main Residences)
Court 1 One Park and popular self-contained township in and going up to 3,056 sq ft (You One).
Fairville Apartment 850 936 the state. Units exceeding 1,000 sq ft are in ample
supply in the area.
Goodyear Court 1 850 872
Goodyear The In the first part of our focus on Subang
Court 2 Regina Goodyear Court 2 657 850 Jaya carried in last month’s Herald, we Most residential properties in the USJ
Sri Nipah Indera looked at the northern side of Subang area remain affordable and within reach.
Subang Goodyear Court 3 915 936 Jaya covering SS12 to SS19. In this Based on our data, the main price brack-
Goodyear Court 4 657 -
second part of our focus, we shift our et for USJ is between RM201 and RM600
*Permai attention to the UEP Subang Jaya town- per sq ft, as most developments have
Goodyear Goodyear Court 5 753 936 ship, more commonly known as “USJ”. units which fall within that price range. In
Sri Kayan Court 4 Mostly developed by Sime UEP Proper- particular, the Goodyear Court brand (1
Goodyear Goodyear Court 6 657 1,001
ties Bhd., USJ comprises 27 sections, USJ through 10) offer affordable serviced
Court 3 1 to USJ 27, USJ 3A-3D, USJ Heights and residences in the area. Sri Nipah and
Goodyear USJ One Goodyear Court 7 743 786
Court 5 Avenue Subang Heights. Angsana, both priced below RM200 per
Goodyear Court 8 767 1,012 sq ft, offer lower cost options, while
Sri Bayu Meranti USJ is home to several industrial parks, recently completed projects like You
Goodyear Court 9 689 1,012
Goodyear The Edge including Ultramine, Sungai Penaga One, Main Place, USJ One Park and Da
Court 7 Goodyear Goodyear Court 10 834 1,066 Industrial Park, Subang Industrial Park Men occupy the higher end of the pricing
Court 6 Jati Angsana
and Sime UEP Industrial Park. Several spectrum, reaching a higher limit of
1&2 Impian Meridien 955 1,302
national and multinational corporations RM800 per sq ft.
Arcadia Goodyear 1,485 have established their headquarters in
Indera Subang 2,497
Court 8 the area, including our national carmaker There are three projects currently under-
Goodyear 861
Jati 1 & 2 Apartment 936 PROTON, with its Centre of Excellence way in USJ viz.: Reo Suites (370 to 609
Court 9
418
headquarters, Lotus Cars and Faber sq ft with it’s completion due by 2020),
Main Place Residences 942
Castell, the world renowned maker of The Duo (668 to 993 sq ft with comple-
Sri Tanjung Meranti Apartment 721 829 writing instruments tion by 2018) and The Edge Residences
(647 to 1,008 sq ft; completion by 2018).
*Permai Apartment 755 870
Goodyear USJ’s commercial activity is mainly All three projects are priced between
Court 10 Rhythm Avenue 624 1,668 centred in two areas, viz., USJ 10 (popu- RM601 and RM800 per sq ft.
larly referred to as Taipan) and USJ 9.
Sri Bayu Condominium 1,356 - The former is the central business hub of The slow creep of higher-priced,
Starville the township, and a popular spot where better-equipped developments in USJ is
Sri Kayan Flat 689 -
people frequent for food, shopping, a sign of evolution, that the area is under-
Rhythm Sri Nipah Flat 700 797 banking and other support services. going a wave of revitalisation and
Tropica Avenue There are also quite a number of shop- modernisation to meet the needs of its
Paradise Sri Tanjung Apartment 645 650 ping malls located in the township, the more affluent urban residents. The
Starville Apartment 840 850 three most prominent and oldest being recent expansion of public transit
The Summit (adjoined to The Summit infrastructure, which connects USJ to the
Main 1,044
The Regina 1,259 Hotel), Giant and Mydin (hypermarkets rest of Kuala Lumpur, accelerates the
Place LEGEND
Reo Suites within vicinity of The Summit). Newer process as well. This is appealing for
Tropica Paradise 1,163 1,356
malls include Da Men, The Main Place and those working in the area but are
Under
Construction Completed
USJ One Avenue 1,062 1,345 One City at USJ 25, which is an integrat- currently residing in areas like Klang and
ed commercial development comprising Shah Alam, as the improved public trans-
Price (PSF) USJ One Park Condominium 650 1,242 retail and office units, sohos and a hotel,. portation options offer a convenient
Fairville means of commuting to and from work.
You One (USJ One) 650 3,056
Below 200 201- 400 401 - 600 601 - 800 Above 800
Subang Jaya enjoys excellent infrastruc- We can expect to see more offerings in
ture and connectivity and is amply linked the future catering to younger and more
USJ
to Kuala Lumpur, Shah Alam and Petaling affluent urbanites, and with more ameni-
UNDER CONSTRUCTION (Built-Up SF) Jaya via a network of expressways as ties built to meet their needs and wants
* = Asking price
well as rail transit ie. KTM Komuter as and lifestyles.
Minimum Maximum well as the Kelana Jaya (Putra), LRT line.
QUICK STATS Major highways that serve and link the
Reo Suites 370 609
Built-Up (SF) Price (RM PSF)
township include the Federal Highway,
The Duo 668 993 Shah Alam Expressway (KESAS), NKVE,
Maximum 3,056 800
NPE, North South Expressway and LDP.
The Edge Residences 647 1,008
Minimum 370 152 The Sultan Abdul Aziz Shah Airport
Median 871 440 (colloquially known as “Subang
Airport”), now repurposed to lean
towards corporate and private aviation is
also located closeby.
The recent expansion of RapidKL’s
Kelana Jaya LRT line have benefitted USJ
residents, with four stations strewn
throughout the township These four
stations are USJ 7, Taipan, Wawasan, and
(Subang Jaya Part 2) USJ 21. These stations are just a few
stops away from the Putra Heights termi-
nus (which is also an interchange to
A wave of evolution. RapidKL’s Ampang line) and the Subang
Jaya station (which is an interchange to
By Henry Butcher Research and Valuation KTM’s Pelabuhan Klang Komuter line,
and which also serves as a bus hub at the
same time).
10 / HERALD MARCH 2018 11 / HERALD MARCH 2018You can also read
