The Address @ Taman Desa

  • Subsales price ranges from RM489,000 to RM1,493,000
  • Rental prices for The Address range from RM2,200 to RM2,200 per month
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The Address @ Taman Desa is a premium condominium development situated in the vibrant neighborhood of Taman Desa, Kuala Lumpur.

This luxurious living space combines modern architectural design with an array of top-notch amenities, making it an ideal choice for discerning homebuyers and investors.

Offering easy accessibility to major commercial hubs, The Address exemplifies a harmonious blend of urban convenience and serene living.

Key Features:

  • Prime Location: Nestled in Taman Desa, the development is strategically located near major highways and commercial centers such as Mid Valley Megamall and Bangsar, ensuring easy connectivity and access to essential services.
  • Architectural Excellence: The striking contemporary design, complemented by lush landscaping, creates an inviting atmosphere that embodies sophistication.
  • Comprehensive Amenities: Residents enjoy a wide range of facilities including an infinity-edge swimming pool, gymnasium, meditation garden, children’s playground, multipurpose hall, co-working spaces, and a private cinema.
  • Spacious Residences: The units are thoughtfully designed with high ceilings and ample natural light, available in 1-bedroom to 3-bedroom configurations, featuring high-quality finishes and smart home technology.
  • Exclusive Penthouse Units: The development offers luxurious penthouse residences with expansive living spaces and private rooftop terraces, perfect for those seeking an elevated lifestyle.
  • Sustainable Design: Incorporating energy-efficient features such as solar panels and water conservation systems, The Address promotes a greener living environment while providing long-term cost savings.
  • Vibrant Community: Taman Desa is known for its lively atmosphere, offering a diverse selection of dining, shopping, and entertainment options catering to various tastes.
  • Investment Potential: With its strategic location and luxurious offerings, The Address @ Taman Desa presents an attractive investment opportunity with strong potential for capital appreciation and rental yields.

The Address @ Taman Desa stands as a beacon of luxury living in Kuala Lumpur, providing residents with a unique blend of comfort, convenience, and modern elegance.

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Sub Sale Market Analysis

Here are the key points:

  • Transaction Prices:
    • Launch Price: The project was launched with prices starting from RM650,000[1][2].
    • Current Market Price: The current market price ranges from RM489,000 to RM1,493,000, with a price per square foot (psf) of RM454 to RM805[1].
    • Comparison: The average transacted price per square foot for non-landed properties in Taman Desa varies by size, with RM427 psf for 500-1,000 sq. ft., RM429 psf for 1,000-1,500 sq. ft., and RM576 psf for 1,500-2,500 sq. ft.[1].
  • Rental Analysis:
    • Rental Yield: The current rental yield of The Address is around 5.64%, with the highest recorded yield being 5.64% in Q2 2024 and the lowest at 4.26% in Q4 2022[2].
    • Rental Prices: The rental prices for The Address range from RM2,200 to RM2,200 per month[1]. However, recent listings show rentals from RM3,500 to RM3,700 for 1,118 sq. ft. units[2].
  • Market Comparison:
    • Neighboring Projects: Other projects in Taman Desa, such as Desa Eight and Villa Prima, have higher average transacted prices per square foot, at RM467 psf to RM733 psf and RM585 psf to RM769 psf, respectively[1].
    • Competitive Pricing: The Address is priced competitively, with a starting price of RM650,000 and a price per square foot of RM581, making it an attractive option compared to other projects in the vicinity[5].
  • Target Market:
    • Demographics: The Address primarily targets individuals from the lower and average economic spectrum, as well as millennials who value an exciting nightlife and proximity to entertainment outlets[5].

In summary, The Address in Taman Desa offers a competitive pricing strategy with a range of unit sizes and layouts, making it an appealing choice for various buyer groups. The project’s rental yield and market prices reflect its value proposition in the Taman Desa sub-sale market.

Key Points:

  • Launch Price: RM650,000 onwards
  • Current Market Price: RM489,000 to RM1,493,000
  • Rental Yield: 5.64%
  • Rental Prices: RM2,200 to RM3,700 per month
  • Target Market: Lower and average economic groups, millennials

Sources:

  • [1] PropSocial: The Address For Sale Taman Desa
  • [2] Land: The Address, Taman Desa, Kuala Lumpur
  • [5] Properly: The Address @ Taman Desa | In-Depth Review & Analysis

Sources:

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Last updated on: December 12, 2024

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