First Subang, Subang Jaya

First Subang is a commercial development located in the heart of SS15, Subang Jaya. It is developed by Titijaya Group, and consists of 2 office towers on top of a retail mall.

There are 3 floors of retail stores in First Subang, which includes a purpose-built supermarket (Giant) which is the anchor tenant for this building. There is also a banking hall and eateries. There are also 130 office suites, which are broadband-ready and WiFi connection is available in selected common areas.

For both workers and visitors to First Subang, they can choose to relax at the Zen garden on the rooftop, or unwind at the health club downstairs. There is 5 storeys of parking, has 24 hour security and CCTV. There are 738 parking bays here so no need to worry of parking congestion.

First Subang is located opposite of Subang Parade and is next to EON Bank off Jalan Jengka. It is within walking distance to Subang Parade, Empire Subang and Carrefour. It is easily accessible via the NKVE, NPE, LDP, and KESAS. With the KTM station and these accessible links combined, there should be no worry on the population flow. Also, a LRT station will be built nearby the building in coming years.

Property Details

• Name: First Subang
• Address: Jalan SS 15/4D, Subang Jaya, Selangor
• Developer: Titijaya Group
• Completion Date: 2010
• Type: Commercial
• Tenure: Freehold
• No. of Blocks: 2
• No. of Units: 104
• Land Area: 1.55 acres
• Built-up: 429 – 926 sf
• Launch Price: RM262,600 onwards
• Subsale Price: RM350,000 onwards

Market Trends

Analysis

Although First Subang is not a Class A commercial office such as KLCC or KL Sentral, it is the one of the best office building due to its combination of office and retail which are technology ready for today’s modern world. As for retail, there are many cafes, restaurants, pubs and a hypermarket for conveniences. As a result, there is a good chance for an excellent tenant for rental.

On a more positive note, there is a guaranteed rental return of 8% pa. With an average of RM650 psf and a maintenance fee of 0.55 psf, the monthly yield to cover everything should be at least RM2.30 – RM2.50 psf. However, it can be expected that the rental yield can reach RM3.00 psf which is an excellent rate of return even without the guaranteed terms.

Some of the neighboring offices are priced at RM700 psf, so purchasing a unit in First Subang is a steal. Although it is not a top of the line commercial building development, it is an exclusive building that should not be missed in your investment portfolio, especially since the area is already buzzing with activity.