Subang Olives

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

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.