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Property Insights & Reviews : Subang Olives

Subang Olives

1 for Sale

0 for Rent

Freehold

F/H
Subang Olives is a condominium located in SS16, Subang Jaya. It is situated in the city centre of Subang Jaya. As such, it neighbors many high-rise condominiums and serviced apartments like Subang Soho, Subang Parkhomes, Isola, Saujana Residency, Empire Subang, Subang Avenue and Casa Tiara.Subang Olives was previously called Jana Tower and launched in 2005 but failed to take off. In 2007, AmanahRaya Development and PJI Holdings agreed to jointly develop and manage this piece of 6.87 acres land in SS16. The developer is Everest Point, one of the subsidiaries under AmanahRaya DevelopmentInitially, Subang Olives comprised Olives Residences and a second phase which are Olives Commercial and Olives Hotel. However, construction works of the second phase has been put off. Meanwhile, the 17-storey Olives Residence consists of 314 units of condominium with built-up area ranging from 1,469 to 5,535 sf. The developer offers mainly penthouse design and four designs for typical unit. Penthouse design consists of two designs with different orientation, design concept and built-up area. Typical design offered by the developer for Olives Residence ranging with different built-up areas are King, Queen, Prince and Princess. There are as much as 15 designs in total offered by the developer to the house buyers. Olives Residence will be equipped with full facilities which include 24 hour security, 2 swimming pools, wading pool, tennis court, squash court, badminton court, multipurpose hall, children's playground, sauna, common exercise and recreation zone, audio and visual rooms, gymnasium, automated central waste disposal system and covered parking. Aside from enjoying the full facilities, Subang Olives is surrounded with many amenities as it is located in the city centre of Subang Jaya. There are many shopping malls like Subang Parade, Empire Subang, Carrefour Hypermarket, First Subang, Citta Mall and Oasis Square. For education, there are plenty of private tertiary institutions like Monash University, Taylor's University, INTI College, Sunway University College, Metropolitan College and SEGi College. On the other hand, there are two popular private schools like Sri Kuala Lumpur and Sri Sedaya, which cater for both primary and secondary.Due to its strategic location, Subang Olives is served by a large network of highways such as New Pantai Expressway, Federal Highway, KESAS Expressway, Damansara - Puchong Highway (LDP), New Klang Valley Expressway (NKVE), North - South Expressway Central Link and Subang Kelana Link.

Property Details

  • Name: Subang Olives
  • Address: Jalan SS16/1, 47500 Subang Jaya, Selangor
  • Developer: Everest Point (a subsidiary of AmanahRaya Development)
  • Completion Date: Mid 2010
  • Type: Condominium
  • Tenure: Freehold
  • No. of Storey: 17
  • No. of Units: 314
  • Built-up: 1,469 - 5,535 sf
  • Launch Price: RM560,000 - RM1,220,000
  • Subsale Price: RM830,000 - RM3,500,000
  • Rental: RM2,200 - RM10,000
  • Facilities

  • 24 hour security
  • 2 swimming pool
  • Wading pool
  • Tennis court
  • Squash court
  • Badminton court
  • Multipurpose hall
  • Children's playground
  • Sauna
  • Common exercise & recreation zone
  • Audio / visual rooms
  • Gymnasium
  • Automated central waste disposal system
  • Covered parking
  • Market Trends

    Latest transaction in Subang Olives, Subang Jaya

    SPA Date Address Size Price
    05/11/2016 Jalan Kemajuan 1776 ft2 830000
    05/09/2016 Jalan Kemajuan 3122 ft2 1280000
    27/07/2016 Jalan Kemajuan 1927 ft2 600000
    14/07/2016 Jalan Kemajuan 1464 ft2 580000
    26/04/2016 Jalan Kemajuan 1518 ft2 715000

    Analysis

    The developer Everest Point is one of the subsidiaries of AmanahRaya Development. Though the project has gone through some uncertain time, the joint venture between AmanahRaya Development and PJI Holdings managed to revive the project and completely change the design, especially from 622 units to only 314 units of condo. Furthermore, PJI Holding has an impressive track record in construction, electrical and mechanical engineering services.Given that there are many high-rise serviced residences within the area offering smaller sizes with maximum built-up area of 1,500 sf. Olives Residence differs by offering home buyers spacious units with built-up area ranging from 1,469 to 5,535 sf. Aside from that, Olives Residence offers a Central Waste Vacuum Collection System, which ensures that all the household waste is handled mechanically in a hygienic manner. It is designed to complement home buyers' lifestyle as the condominium is situated next to a commercially area, shopping centre, as well as hotel. It is suitable for city crawlers who prefer condominium that offers more than just living. Though Subang Olives enjoy access from a network of highway and expressway, it is unavoidable that one may face traffic jam at Subang Jaya, due to the vibrant commercial hubs and colleges around that area, which compounding on the traffic congestion during peak hours. By briefly looking at the price offered, one might find the price per sf of Subang Olives at RM520 to RM580 psf is much lower than any other serviced residences in the vicinity. Undoubtedly, it is a bargain to purchase a unit for investment or own stay.

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