2008-11-17T00:26:00.000-08:00

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Tiaraville Service Suites

Introduction
A project that kicked started almost two (2) years plus ago and situated in the heart of Subang Jaya beside Carrefour. Launched as mid-end service suites with condo facilities and music theme focus and follow up with the commercial focus of being a unique healthcare and beauty center. It is fast selling upon launched and till date is almost at the completion stage. This review will focus on its second hand market value for potential investor as a reference.

Location
Needless to say, location is one of the most single important factor of the property value and its rental return. Tiaraville located at a strategic plot beside Carrefour, Subang Jaya, Subang Parade, surrounded by many colleagues like Taylor�s, INTI, Metropolitan just to name a few. With minutes away from Subang Medical Center, Sunway Pyramid, Golf courses, offices like Wisma Tractors, Wisma Mesiniaga, shop offices and etc. With its main accessibility via Federal Highway and 5 minutes walk to KTM Commuter Station at Subang Jaya, it is definitely a young and vibrant executive�s top spot area. The location of this property worth 4 Star for the price of RM 300 plus per square feet with its freehold status, if compare to 5 Star area around KLCC as reference.

Developer
We did a brief research into its developer and found that it is a Klang based company. In term of its past, recent completed and future projects, we would categorized them as an upcoming major developer and they are able to deliver. One of its most prominent project that they are embarking is called Klang Sentral Station in Klang. With its records, first time buyer may reduce their risk to face those developers that build half way and abandon the project like in the past

Special
Its title of Music Theme life style focus for the design and facilities of the services suites is a good idea for today stressful urban lifestyle. Some units are with garden in the sky concept creates option for those who like to have a little green and related activities. The service suites are also built on top of a few floors of commercial lots that have been focused into healthcare and beauty business. This will definitely create a unique icon for young executive especially single high flyers woman buyers.

Against
With brief summarized findings conducted and the size of the majority units. We would recommend it is more for young to medium age group executives. If you are looking for a quiet place to stay and away of cars, crowd and sounds. This may not be the right place for you.

Conclusion
It is a good investment opportunity for this service suites apartment with its overall strengths. We expect a good capital appreciation between 10-15% per year supported further by rising cost of construction in 2007/08. In particularly overweight on the rental return over cost of investment given variety of potential tenants. Barring unforeseen circumstances, the second hand market will still be a good investment for the next five (5) years.

This info is obtained from Estate 123

Genral Info of Tiaraville service Residences

FREEHOLD

1. Strategic and Prime Location

Close to a KTM commuter station and proposed LRT station
Located within reach of a host of amenities such as: -
Health Facilities
Subang Jaya Medical Centre
Bandar Sunway Hospital
Tourism & Hospitality
Subang Sheraton Hotel
Holiday Villa Hotel
Sunway Lagoon Resort Hotel
Sunway Lagoon Water Theme Park
Summit Hotel
Retail Venues
Subang Parade Shopping Mall
Carrefour Hypermarket
Sunway Pyramid
Summit Shopping Center
Educational Instituitions
Inti College
Metropolitan College
Taylor’s College
Sunway College
Monash University Campus
2. Convenient Public Transportation

2 minutes walk to Subang Jaya KTM commuter station

3. Efficient Highways & Expressways

Kesas Expressway
Lebuhraya Damansara Puchong (LDP)
Federal Highway
New Pantai Expressway (NPE)
Subang Kelana Elevated Highway (currently under construction)
North-Klang Valley Expressway (NKVE)
4. Main Highlights

Exclusive condo facilities
Retail shops at doorsteps
All units are designed in a North / South orientation - ensuring no glare from direct sunlight
Unique music theme landscaping - piano-designed fountain
Private terrace garden concept on upper floors (selected units only)
In-house healthcare & child care services

More info : Contact +6012-3710399

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