PROPERTY SNAPSHOT 3: What are developments priced in Taman Desa?

•    Today, we continue our focus on Taman Desa by looking at average prices on a per sq ft (psf) basis. Based on transactions analysed by TheEdgeProperty.com, the average price of non-landed homes in this area was RM480 psf in 1Q2015.

•    Taman Desa is known for being a quiet, affluent residential enclave close to the Kuala Lumpur city centre. In the 12 months to 1Q2015, about half (49.1%) of the secondary non-landed residential transactions fell within the RM401–RM600 psf range. Another 15.7% fell within the RM601–RM800 psf range.

•    The most expensive project on a psf basis is Papillon Desahill Condominium, with an average price of RM737 psf. In November 2014, a 1,711 sq ft unit here had transacted for RM818 psf, earning the title as the most expensive unit sold during the review period.

•    Next is Faber Heights (RM652 psf), which is located right next to Papillon Desahill. Prices here have performed relatively well, considering that Faber Heights was completed almost 30 years ago in 1989. Capital values may have been buoyed by its proximity to its neighbour as well as its smaller unit sizes, which keeps the overall price quantum low.

•    In comparison, the latest project, Desa Green by UOA Group, appears attractively priced. The first two towers were reported to have been launched at over RM600 psf, and the third tower, almost RM800 psf.

Click here to check out the price trends at Faber Heights.

The Analytics are based on the data available at the date of publication and may be subject to revision as and when more data becomes available.