Taman Desa Tiara, Kuchai Lama

  • Transaction prices for bungalows typically range from RM1.5 million to RM3 million
  • Semi-detached houses are generally priced between RM900,000 and RM1.8 million
  • Sub-sale prices for terrace homes usually range from RM600,000 to RM1.2 million
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Taman Desa Tiara is a vibrant residential community located in the heart of Kuchai Lama, Kuala Lumpur.

This well-established neighborhood offers an ideal balance of urban convenience and tranquil living, making it a highly sought-after destination for homebuyers and investors.

With its strategic location, diverse housing options, and exceptional amenities, Desa Tiara presents a compelling choice for those seeking quality living in a dynamic environment.

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Features

  • Diverse Housing Options: Residents can choose from a variety of properties, including spacious bungalows, semi-detached homes, and well-appointed terrace houses, catering to different lifestyle needs and preferences.
  • Strategic Location: Situated with easy access to major expressways such as the Maju Expressway (MEX) and New Pantai Expressway (NPE), residents enjoy seamless connectivity to Kuala Lumpur’s key areas.
  • Abundant Amenities: The community is surrounded by retail centers, dining options, educational institutions, and healthcare facilities, providing residents with all the essentials within close proximity.
  • Recreational Facilities: Residents can take advantage of well-maintained parks, sports courts, and playgrounds that promote an active and healthy lifestyle.
  • Strong Community Spirit: Desa Tiara fosters a sense of belonging through community events, resident associations, and shared spaces that encourage social interaction and engagement.
  • Safety and Security: The community prioritizes safety with 24-hour security patrols and gated access, ensuring a secure living environment for all residents.
  • Investment Potential: With consistent property value appreciation and strong rental demand, Desa Tiara presents an attractive opportunity for investors looking to secure a valuable real estate asset.

Taman Desa Tiara, Kuchai Lama 8

Sub-Sale Market Analysis

1. Transaction Prices

In recent years, the sub-sale market in Taman Desa Tiara has shown a steady increase in transaction prices, reflecting the area’s growing desirability.

The average transaction price for residential properties in Desa Tiara varies based on property type:

  1. Bungalows: The transaction prices for bungalows typically range from RM1.5 million to RM3 million, depending on factors such as the size of the lot, architectural design, and condition of the property.
  2. Semi-Detached Homes: Semi-detached houses in Desa Tiara are generally priced between RM900,000 and RM1.8 million. The range often reflects the age of the property and any renovations made by previous owners.
  3. Terrace Homes: The sub-sale prices for terrace homes usually range from RM600,000 to RM1.2 million. These homes are popular among first-time buyers and young families due to their affordability and practicality.

2. Rental Prices

Rental prices in Desa Tiara are another key factor contributing to its attractiveness as an investment destination.

The rental market has remained buoyant due to the area’s appeal to families and young professionals.

The average rental prices for different property types are as follows:

  1. Bungalows: Rental prices for bungalows can range from RM4,000 to RM8,000 per month. The price varies based on the size of the property and available amenities.
  2. Semi-Detached Homes: Semi-detached houses typically command rental prices between RM2,500 and RM4,500 per month, making them a popular choice for families seeking more space.
  3. Terrace Homes: The rental market for terrace homes ranges from RM1,800 to RM3,500 per month, catering to budget-conscious renters looking for comfortable living spaces.

3. Comparative Analysis

When comparing the sub-sale market of Desa Tiara with neighboring areas in Kuchai Lama and Kuala Lumpur, several notable trends and insights emerge:

  1. Price Comparison with Nearby Areas:
    • Properties in Desa Tiara tend to be competitively priced compared to similar developments in nearby areas such as Taman Gembira and Sri Petaling. For instance, while bungalows in Sri Petaling may reach up to RM3.5 million, those in Desa Tiara offer more affordable options without compromising on quality.
    • Semi-detached homes in Taman Gembira may start at RM1 million; however, they can lack the amenities found in Desa Tiara, making the latter a more attractive option.
  2. Rental Yield Calculation:
    • Investors seeking rental income will find that rental yields in Desa Tiara are competitive when compared to other areas. For instance, if a bungalow is purchased for RM2 million and rented out at RM6,000 per month, the annual rental yield would be 3.6%. In comparison, similar properties in Sri Petaling may yield lower returns higher purchase prices.
  3. Market Trends:
  • The demand for sub-sale properties in Desa Tiara has been bolstered by ongoing infrastructural in Kuala Lumpur. Improved through new transportation links has increased interest in the area from buyers renters alike – Additionally, trend towards suburban living-pandemic has resulted in increased demand for family-oriented like Desa Tiara further contributing to rising property values rental prices.
  1. Investment Potential – The combination of steady appreciation in property, strong rental, and competitive pricing positions Desa Tiara as an attractive for both homebuyers and investors.
    • The area’s amenities and family-friendly enhance its appeal ensuring continued interest from residents.

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Last updated on: December 23, 2024

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