DONE DEAL: Desa Green serviced apartment @ Taman Desa, Kuala Lumpur

Sold for: RM435,000 (RM753 psf)

Concluded by: Derrick Hum (REN 10765) of Property Exchange (012-723 0309)

When: October 2016

Noteworthy:
● Freehold
● 578 sq ft
● One bedroom and one bathroom
● High floor
● Facilities: Children’s playground, wading pool, gymnasium, leisure pool, lap pool, multipurpose hall, open terrace and sauna

Situated on a three-acre freehold site, Desa Green is a high-density serviced apartment developed by UOA Development Bhd.

It comprises three towers housing 1,388 units with built-up sizes ranging from 578 sq ft to 945 sq ft. Desa Green is a newly completed project and its units were handed over to buyers in July this year.

According to negotiator Derrick Hum of Property Exchange, Taman Desa is an established neighbourhood and come with amenities such as schools, medical centre, grocery shops and restaurants.

“Taman Desa’s location is one of the factors that makes this place so popular among owner-occupier homebuyers as the area has easy access to major roads and highways that connect to Petaling Jaya, Kuala Lumpur city centre and Puchong,” said Hum.

Desa Green is well-located near the East-West Link expressway while it is about 8.5km to Kuala Lumpur city centre using the Smart Tunnel.

“Desa Green was launched in the fourth quarter of 2012 at a minimum selling price of RM335,000 after rebates. This deal was concluded at RM435,000, or an average RM753 psf,” he said.

Hum said this is a good deal for both the vendor and buyer as both have achieved their respective objectives.

“The purchasers are a young couple who were buying the basic unit for their own stay. The fantastic location nestled in between Petaling Jaya, KL Sentral and Cheras has impressed them. It is also a stone’s throw away from the Bandar Malaysia development site. As such, it has a huge potential for capital appreciation,” he explained.

The vendor, he added, disposed of the property to divert cash into other investments.

“A unit which is tastefully and fully furnished can be rented out at RM 1,800 per month, which is a return on investment of nearly 5%,” Hum added.

As this is a newly completed project, no transactions were recorded on TheEdgeProperty.com. There were, however, 35 listings on the website with asking prices ranging from RM652.41 psf to RM818.16 psf.

Interested to buy properties in the Taman Desa area? Click here.

Editor: To real estate agents — Have you just concluded an interesting deal? We would love to hear from you! Contact us at [email protected]