First Subang

First Subang is a high-rise commercial building located in the heart of SS15, Subang Jaya. It was developed by Titijaya Group and consists of two office towers on top of a retail mall.There are three floors of retail stores in First Subang that includes a purpose-built supermarket (Giant), which is the anchor tenant for this building. There is also a banking hall and eateries. There are 130 office suites, which are broadband-ready and WiFi connection is available in selected common areas.Employees and visitors of First Subang can choose to relax at the Zen Garden on the rooftop, or unwind at the health club downstairs. There are five storeys of parking bays which are secured by 24-hour security and CCTV. There are 738 parking bays here so there is no need to worry about lack of parking space. First Subang is located opposite Subang Parade and is next to Hong Leong Bank off Jalan Jengka. It is within walking distance to Subang Parade, Empire Subang, Subang Avenue and Aeon Big Subang. It is easily accessible via the NKVE, NPE, LDP and KESAS. With the KTM station and a LRT station situated directly at the front of the development, there is great convenience in terms of public transportation.

Property Details

Name: First Subang

Address: Jalan SS 15/4D, 47500 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: RM400,000 - RM980,000

Market Trends

Analysis

Although First Subang is not a Class A commercial office such as The Pinnacle or KL Sentral, it is the one of the best office developments within Klang Valley due to its combination of office and retail space which are technology-ready for today's modern world. The location is surrounded by an abundance of amenities. The retail mall below the building has cafes, restaurants, pubs and a hypermarket for convenience. Undoubtedly, there is a good chance for an excellent rental yieldOn a more positive note, there is a guaranteed rental return of 8% per annum. With an average of RM800 psf and a maintenance fee of RM0.55 psf, the monthly yield to cover everything should be at least RM3.00 psf. The average rental yield is about RM3.50 psf which is an excellent rate of return even without the guaranteed terms.