PROPERTY SNAPSHOT 4: What’s hot in Taman Desa?

•    Today, we look at price growth and indicative rental yields for non-landed homes in Taman Desa. From the analysis of transactions by TheEdgeProperty.com, the average transacted price for non-landed homes in the secondary market was RM480 psf in 1Q2015, up 24.4% y-o-y.

•    Despite their age, most of the properties here enjoy steady demand due to Taman Desa’s location which is close to the Kuala Lumpur city centre. The highest relative growths can be observed at Faber Indah (31.7%) and Faber Ria (23.2%), both of which are among the oldest projects in Taman Desa, completed in 1989 and 1985, respectively.

•    Danau Impian and Danau Idaman have similarly performed well, with the average price gaining 18.8% y-o-y to reach RM477 psf in the 12 months to 1Q2015. Located next to the Taman Desa business centre, both were built by Faber Group.

•    Rental yields in Taman Desa are decent, ranging between 3.7% and 5.9% per annum.

•    Among the properties with the highest indicative rental yields as observed from asking rentals, four of them are located along Jalan Desa: Iris Apartment (5.9%), Danau Murni (5.6%), Abadi Indah Apartment (5.3%) and Abadi Villa (5.2%).

Click here for the price trends at Danau Impian/Danau Idaman.

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.