Paisley Serviced Residences

The Paisley Serviced Residences is sold on a freehold basis; aside from that, the condominium has plenty of amenities conveniently placed around the area, plus a wide range of world-class facilities, will be attractive to both buyers and investors alike. An interesting architectural marvel, the high rise was built in a curved design; this was purposely done so that the buildings do not face each other. Thus, future homeowners and tenants can enjoy the stretching view from the homes.

Paisley Serviced Residences Location

Tropicana Metropark is a mixed development; the modern township has various buildings such as townhouses, villas, serviced apartments, shopping malls, office towers, shopfronts, business suites, parks and more in one place. The Paisley Serviced Residences is located on Jalan Delima 1/1, Subang Hi-tech Industrial Park, along with Paloma Serviced Residences, Pandora Serviced Residences, and Shoppes, the shopping mall under Residences South. On top of that, the Central Park leads to the school, GEMS International, which offers the British Curriculum. The area of the school is up to 252 000 sq ft and can afford to enrol 2400 students, age ranging from three to 18 years old.

The Paisley Serviced Residences is located on the opposite of Persiaran Teknologi Subang; the road connects to the Tropicana Metropark Link, a purpose-built highway that directly allows access to the Federal Highway. The RM106 million road was created to reduce congestion and travelling time for those who commute to and fro Klang Valley.

Tropicana Metropark is surrounded by other mature neighbourhoods such as USJ Heights and Subang Heights located less than two kilometres away. Residents and tenants in Paisley Residence will be relieved to know that the nearest police station is Balai Polis SS17, located approximately 5.2 kilometres away via the Federal Highway and only takes a mere seven minutes to arrive.

Connectivity

The Paisley Serviced Residences is nestled in a highly-well connected area. For those who live in areas outside of Subang like Shah Alam, Glenmarie, Puchong, Bukit Jelutong and Petaling Jaya, travelling back and forth to the Paisley Serviced Residences will not be too taxing. Seeing that the residences are near six major highways, residents and visitors can access Tropicana Metropark via roads such as the Federal Highway and Shah Alam Expressway (KESAS). A new road – the Tropicana Metropark Link will be constructed after the Batu Tiga toll; using the linking road, people from the Klang township can swiftly drive to the Paisley Serviced Residences, which will only take around 20 minutes.

Other than that, residents can easily get around Subang, Damansara and Kuala Lumpur using the wide range of public transportations available, such as KTM, LRT, MRT, BRT, e-hailing and bus services are found in a ten-kilometre radius. As for future residents, travelling to stations like the Subang Jaya KTM Station and Batu Tiga KTM Station would be a swift and short journey, given how it is only a stone’s throw away.

Convenience

In terms of convenience, there is an abundance of amenities, such as education, healthcare, entertainment and recreation for residents to go around. Given how the Paisley Serviced Residences is strategically located, one thing future homeowners need not worry about is how easily accessible places are and how quickly those places can be reached. For example, within a five-kilometre radius, universities such as Management Science University, Fairview University College Campus and Swineburn Technology University can be commuted, fuss-free.

Ample healthcare is also available in the vicinity; for instance, AVISENA Specialist Hospital, Umra Hospital, Subang Jaya Medical Centre and MSU Medical Centre are all within 15 minutes, as they are located in an eight-kilometre radius. The residence also poses as a recreational haven; aside from having a Central Park, tenants and residents need only commute outside of Tropicana Metropark for less than 15 minutes and reach places like Kelab Golf Negara Subang and Subang Ria Recreational Park. If one is looking for more fun, driving down to Sunway Lagoon theme park or Wet World Water Park in Shah Alam would be a good idea, given it only requires 15 minutes to reach.

Here’s a list of the nearby amenities surrounding Residences South:

Education

• Open University Malaysia (Shah Alam)
• INTI International College Subang
• Sri Emas International School
• Sri Kuala Lumpur School
• SEGI College
• UCSI International School
• Taylor University Lakeside Campus
• Fairview International School
• Management & Science University (MSU)
• Swineburn Technology University

Healthcare

• KPJ Specialist Selangor Hospital
• SALAM Shah Alam Specialist Hospital
• MSU Medical Centre
• Subang Jaya Medical Centre
• Sunway Medical Centre
• Umra Hospital
• AVISENA Specialist Hospital

Malls and Supermarket

• Empire Shopping Gallery
• Aeon Big Hypermarket
• Giant Shah Alam
• Subang Parade
• Tesco Extra Shah Alam
• Main Place USJ
• Sunway Pyramid
• Summit Shopping Mall
• Citta Mall
• Shah Alam Convention Centre (SACC)

Paisley Serviced Residences Floor Plan

The Paisley Serviced Residences offers various built-up units, ranging from 601 sq ft to 1491 sq ft. Each unit is also offered up to three car parks. The Paisley Serviced Residences offers 13 floor plans spread across three unit types, Type A, Type B, and Type C. Take a look below.

• Type A1: 601 sq ft.
• Type A2: 646 sq ft, comes with a balcony.
• Type B1: 914 sq ft.
• Type B2: 972 sq ft.
• Type B3: 918 sq ft, comes with a balcony.
• Type B4: 976 sq ft, comes with a balcony.
• Type C1: 1420 sq ft.
• Type C2: 1490 sq ft, comes with a balcony.
• Type C3: 1420 sq ft.
• Type C4: 1490 sq ft, comes with a balcony.
• Type C5: 1491 sq ft, comes with a balcony.
• Type C6: 1300 sq ft.
• Type C7: 1369 sq ft, comes with a balcony.

Type A has the smallest space, with a meagre area of 601 to 646 sq ft. This 1+1 unit would be most suitable for bachelors and single homeowners who can make good use of the compact living space. Moving on, Type B comes in four different floor plans, ranging from 914 sq ft to 972 sq ft. Type B is an intermediate 2+1 home would be a suitable dwelling for newly married couples, small families and students who have a medium space to make use of. Out of the four floor plans of Type B, only Type B3 and B4 come with a balcony.

The last type, Type C, is a 3+1 home that offers a variety of seven different floor plans. Type C1, C2, C3, C4, and C5 are accessible through two entryways, making it a dual key unit. As for Type C6 and C7, the units come in a curve-shaped unit. Only Type C2, C4, C5 and C7 will have balconies. These units are quite spacious and can accommodate families with children or elderlies.

Paisley Serviced Residences Facilities and Amenities

The facilities in Paisley Serviced Residences are unparalleled; the complex comes with not one, but three private sky terraces for residents to unwind and enjoy the panoramic views across Subang Jaya. The Tropicana Corporation Berhad spared no expense in the making of this grand complex. Aside from providing a wide range of state-of-the-art facilities, the Paisley Serviced Residences also caters to health enthusiasts with the three-level gymnasium. On top of that, there’s also two swimming pools and a jacuzzi for residents to work up a sweat, mingle and have fun with other neighbours on Level 3.

List of Facilities & Amenities:

• BBQ Area
• Gymnasium
• Playground
• Swimming Pool
• Wading Pool
• Pool Deck
• Lounge Pool
• Multipurpose Hall
• Kid Water Play
• Basketball Half Court
• Car Wash Area
• Launderette Area
• Games Room
• Floating Cabana

Level 3 (Lifestyle Deck)

• Squash Court
• Open Veranda
• BBQ Terrace
• Vista Lawn
• Sunset Trail
• Oasis Pool
• Floating Lounge
• Aqua Gym
• Sun Deck
• Lounge Pool
• Jacuzzi
• Lap Pool
• Cabana
• Living Corner
• Reading Nook
• Multipurpose Hall
• Pre-Function Area
• Amphitheatre
• Plaza
• Herb Garden
• Creche Room
• Reflexology Path
• Wading Pool
• Children’s Water Play
• Children’s Playground
• Scented Garden

Lower Ground 1

• Gymnasium

Level 2

• Music Room
• Gymnasium

Lower Ground 2

• Half Junior Basketball Court
• BBQ Terrace

Level 1

• Games Room
• Multipurpose Room
• Gymnasium

Paisley Serviced Residences Property Analysis

The Paisley Serviced Residences has two towers, built in a modern curved design, serving as a unique selling point for the residence. This can be seen from the shape of the building, which is constructed not to obstruct each other as to allow picturesque views for the residents. Tower A has 28 storeys and 329 units, whereas the second tower, Tower B, will have 27 storeys with 258 units, making it a total of 587 units.

Target Market

The main target market for the Paisley Serviced Residences would be investors and the upper economic class. Homes that are sold as serviced residences tend to come with a heftier price tag and a limited space would appeal more to single-homeowners who have the means. Investors, on the other hand, would see serviced residences as an opportunity to reap profit through renting it for long and short terms.

Considering how close Tropicana Metropark is to surrounding universities and colleges, the students would be ideal tenants for these compact spaced serviced residences. On the other side, students will be attracted to Paisley Serviced Residences which is located in the very enclaves of Subang Jaya and with the upcoming launch of Shoppes, Tropicana Metropark’s retail destination in 2024, the residence will only increase in demand.

Competitor Analysis

In a city like Subang Jaya, there will be bound to be other high-rises around the area. For this very purpose, a few condominiums – Subang Parkhomes Condominium, Subang Olives Condominium and Arte @Subang West Condominiums, were chosen to be compared with Paisley Serviced Residences. These residences will be compared with each other in terms of the selling price, built-up space, price PSF, land tenure and year of completion.

Let’s take a look at the first aspect, selling price. When these four residential properties are put side by side, it is notable that the Paisley Serviced Residences has an appropriate price tag, RM585 000, while Subang Parkhomes comes with the highest price tag, RM870 000, followed by Subang Olives at RM789 000 and Arte Subang at RM450 000. Compared to these homes, Paisley Serviced Residences’ pricing does not seem too far off. Even more so, it is considered relatively standard, or some might even say affordable, given its facilities, location and land tenure.

Aside from selling price, one can also look at the homes from the price per sq ft viewpoint. The lowest price per sq ft is Subang Olives, ranging from RM349 to RM530 only. This pricing is much lower if compared to its peers, Subang Parkhomes and Arte Subang are both in similar ranges – starting with RM400 to RM620 – RM785, per sq ft. The priciest tag goes to Paisley Serviced Residences with RM897 per sq ft. The price PSF of Paisley Serviced Residences is higher as it is expected to experience land appreciation when it is completed in 2022.

Other residences were built at least five to ten years back, which can make the homes unappealing to the current market audience. Subang Parkhomes and Arte Subang will be seven years and Subang Olives will turn 12 years in 2022, making the homes outdated, and thus, marking a lower price PSF. Aside from that, the Paisley Serviced Residences has plenty of market drivers, such as shopping malls, schools, universities and healthcares surrounding its premise, which could very well contribute to the high price PSF.

The biggest built-up space is bagged by Subang Olives; with massive homes ranging from 1469 to 5535 sq ft, followed by Subang Parkhomes at 1093 sq ft and Arte Subang with 874 sq ft; the Paisley Serviced Residences offers the smallest space – 610 sq ft. However, it also offers units up to 1369 sq ft. Paisley Residences is designed for a more modern and contemporary living, hence the units have multiple sizes to accommodate various homeowners, from bachelors, couples, families and others.

Speaking of land tenure, all the homes hold a freehold status, except Arte Subang, which is a leasehold property. Investing in freehold homes is a much wiser choice, compared to leasehold homes. The buyer and their future generation will be able to reap profit from freehold homes, unlike leasehold homes, which will only be one’s property for a certain period of time (usually for 99 years). Therefore, if one is going to be paying a sum of money, it will be better to invest it in freehold properties, which will belong to them forever.

Last but not least, the year of completion. Every other high-rise complex was built a decade or half a decade before 2020, with the Paisley Residence being the only upcoming condominium that is expected to be complete in the first quarter of 2022. Being the most modern condominium in the area justifies why the Paisley Residence is marketed with a steeper price than others. Plus, another advantage that comes with purchasing the Paisley Residence is that the condominium has great potential for land appreciation in the future when Tropicana Metropark is fully completed.

Paisley Serviced Residences Developer: Tropicana Corporation Berhad

The Paisley Serviced Residences is constructed by Tropicana Corporation Berhad as a part of the self-sustaining township master plan, the Tropicana Metropark. With over two decades of experience, the developer’s journey started by building the Tropicana Golf & Country Resort and Tropicana Indah Resort Homes. Since then, the corporation has gone on to build more resort-style complexes, earning the corporation more fame in the world of developers as a ‘trendsetter’. Having an impressive track record of excellence and quality, the Tropicana Corporation does not shy away from winning multiple awards in the PropertyGuru Asia Property Awards 2020, for the Best Developer, Best High-End Condo, Best Mid-End Condo, Best Condo Developer, Best Architectural Best and more, in commercial and residential developments, across Malaysia.

Tropicana Metropark, a self-sustaining township, is the latest project by the corporation. Other ongoing projects and new launches, such as Residences South and Shoppes South, a modern commercial hub is also included in the proximity. The Tropicana Corporation Berhad shows no signs of slowing down and continues to produce more commercial and residential buildings.

Summary

Those who wish to live in the heart of the entertainment, commercial, and business hub would find Paisley Serviced Residences an ideal residence. In the long run, investors and buyers would reap the benefits of investing in the Paisley Serviced Residences. This residence offers tenants and homeowners nothing short of an urban lifestyle, given its location in the heart of Tropicana Metropark, which boasts a number of amenities and facilities, along with access to numerous highways.