Tiara Faber Condominium

Tiara Faber Condo is a luxurious residential development located in the vibrant Taman Desa neighborhood of Kuala Lumpur.

This modern condominium offers a blend of sophisticated design, an array of amenities, and a strategic location, making it an ideal choice for urban dwellers and investors alike.

Key Features:

• Prime Location: Situated in Taman Desa, with easy access to major highways and close proximity to shopping centers, dining options, and educational institutions.
• Architectural Appeal: Features modern architectural design with clean lines and ample natural light, enhancing the living experience.
• Diverse Unit Types: Offers a variety of unit configurations, including studio, one-bedroom, two-bedroom, and three-bedroom options, each designed for comfort and functionality.
• Luxurious Amenities: Residents can enjoy a range of facilities, including a gymnasium, swimming pool, children’s playground, multipurpose hall, and landscaped gardens.
• Security and Convenience: Equipped with a 24-hour security system and designated parking spaces for residents.
• Investment Potential: Located in a growing area with increasing demand for rental properties, making it an attractive opportunity for investors seeking capital appreciation.

Tiara Faber Condo is not just a place to live; it’s a lifestyle choice that embodies luxury and convenience in the heart of Kuala Lumpur.

Sub Sale Market Analysis

Tiara Faber is a low-density condominium located in Taman Desa, Kuala Lumpur. Completed in 2000, it consists of 320 non-landed units. The property has seen moderate price appreciation over the years, with rental yields ranging from 4% to 5%[1][2].

Transaction Prices:

• Historical Transactions: Past transactions show prices ranging from RM 550,000 to RM 600,000 for units of approximately 1,249 square feet[1].
• Current Market Prices: The subsale price range is between RM 510,000 and RM 660,000, with prices per square foot (psf) ranging from RM 317 to RM 613[2][3].

Rental Prices:

• Rental Range: The rental price range is between RM 1,400 and RM 3,000 per month[2].
• Rental Yield: The average rental yield is approximately 4.45%[3].

Market Trends:

• Price Appreciation: The property has not seen significant price appreciation since its completion, with prices fluctuating within a narrow range[1].
• Rental Market: The rental market is relatively stable, with yields consistent over the past few years[3].

Comparative Analysis:

• Surrounding Properties: Other properties in the area, such as Desa Eight and Villa Prima, have higher price ranges and rental yields, indicating that Tiara Faber is positioned as a more affordable option in the Taman Desa area[2].

Key Points:

• Low-Density Development: Tiara Faber is a low-density development, which can be appealing to those seeking a less crowded living environment.
• Parking Issues: Each unit comes with only one parking bay, which can be insufficient for many residents, leading to parking congestion outside the compound[2].
• Security Improvements: Security at Tiara Faber has improved over the years following incidents of break-ins and car thefts[2].

Conclusion: Tiara Faber offers a moderate investment opportunity with stable rental yields and relatively affordable prices compared to other properties in Taman Desa. However, potential buyers should consider the parking limitations and the impact of future developments in the area on traffic and living conditions[4].

Sources:

• [1] www.starproperty.my
• [2] www.propsocial.my
• [3] www.edgeprop.my
• [4] forum.lowyat.net
• [5] www.propertyguru.com.my