The Summit

The Summit

The Summit USJ is a freehold 12-year-old landmark mixed development on the fringes of the mature USJ township in Subang Jaya. The Summit anchored in the 800,000 sq ft, six-level retail podium, which, together with the 13-storey office tower, 17-storey hotel and car park. There are sufficient of parking bays and 24 hour security, it is a perfect place for businesses to take root in this peaceful and booming township. This development was developed by AmFIRST Real Estate Investment Trust (AmFIRST). Am ARA manages AmFIRST. It was set up by AmInvestment Group Bhd (AIGB) and ARA Asset Management (Malaysia) Ltd (ARA) on a joint-venture basis.

The Summit Accessibility and Amenities

The Summit is situated beside SEGi College and Da Men, which can be seen along Persiaran Kewajipan. Its neighboring high-rise developments are Menara Heitech Village, Impian Meridian, Casa Subang and USJ Sentral. Due to its strategic location in the renowned diamond interchange between USJ and Subang Jaya, it is surrounded by plenty of amenities. Walking distance and surrounded by Summit Hotel, Subang Hitech, Medical College, SEGi College, Summit Office Tower, Condos, DA MEN USJ, Giant, Mydin, Ambank, Shell, Petronas LRT, BRT, Buses and etc. It is easily accessible to many popular places via Kesas Highway, Lebuhraya Damansara - Puchong (LDP), New Pantai Expressway (NPE) and North Klang Valley Expressway (NKVE). For public transportation, there are buses, taxis and train stations situated nearby. In fact, GSC cinema, Dynasty Restaurant, Guardian Pharmacy and Ace Hardware have expanded in size in Summit and they have renovated. GSC cinema, in fact, looks very nice. There is a very good chance of capital appreciation as the MRT is nearby. The Summit Hotel and Summit Offices are upgrading. The next main criteria that will really drive in the crowd is the MRT project that is due soon located right outside The Summit USJ. This enables retail consumers to easily patron The Summit USJ without having the worry of traffic congestion.

The Summit Facilities and Project Details

Within the shopping mall, there are plenty of cafes and restaurants and come with various of tenants shop such as (Anchor Tenant) - HomePro, Ace Hardware, McDonald's, KFC, Sushi King, Guardian, Watson, Family Mart, GSC Cinema, International Medical College (IMC). For the entertainments part which is included bowling and karaoke. Big residential catchment & in-mall college students, huge church patrons and its school students, Ample parking. Beside that, there are plenty of other shopping malls nearby which offer countless choices of eatery, unique boutiques as well as entertainment outlets. The Summit USJ is also undergoing a total makeover that will upgrade the mall's facilities and also achieving a fresh new look to bring retail consumers a fresh and comfortable experience. In order to create a sustainable and relevant retail complex atmosphere in Summit’s mall, a suburban stratified neighbourhood complex, through its clout in the joint management committee (JMC). The goal is to maximise shareholder. Part of the revitalization strategy entails refurbishing the mall, updating and redistributing the tenant mix as well as changing the attitudes of lot owners and tenants.

The Summit Launching Details

Since 2008, the fund has managed to increase its ownership of The Summit USJ complex which gives it greater clout in the JMC, a help in executing its strategy. The fund had initially acquired from its original owner Meda Inc Bhd some 562,102 sq ft (67%) of 840,000 sq ft strata retail space, 108,500 sq ft (nine floors) of the total 156,720 sq ft of strata office space and the hotel for RM260 million. The REIT has since acquired another three floors of the office tower bringing its ownership to 92% of the office space and 85% of the entire Summit USJ complex.While the other tenants in the non- REIT-owned space were out of its control, the REIT manager made it a point for its tenants to follow these rules. AmFIRST’s 192 retail lots in The Summit USJ are expected to be 90%-tenanted by its financial year end of March 31, 2011 from the current 80%.The conversion of each office level into a SoHo unit and the upgrading of the common corridors and facilities in the office block began in June. The car park is getting a fresh coat of paint while fixtures and lights are being repaired at a cost of RM2.5 million.

For residential properties, one can find affordable and low cost projects such as A'marine Lakeside Condominium, Alira Metropark Subang, Angsana Apartment (USJ 1), Apartment BNM, Apartment Subang Permai and Arcadia (Subang Jaya).

There are also a handful of commercial properties nearby, suggesting there’s potential career opportunity to explore here. Commercial properties with the likes of USJ City Center, USJ One Shop Office and USJ Sky Park One City Office.