Taman Desa is an affluent and established neighbourhood. Most of the landed properties were originally developed in the 1970s. The condominiums began to appear in the 1980s, built by developers such as Faber Group, who recognised the potential of Taman Desa’s strategic location.
This week, the spotlight falls on the secondary market of non-landed residences in Taman Desa, Kuala Lumpur. Originally developed in the 1970s, Taman Desa is now a mature and well-established neighbourhood. The area is known as the home of Desa Waterpark, Taman Desa Medical Centre as well as numerous upmarket dining spots.
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The events, “Women Into Construction” and “Open Doors”, promote the wide variety of construction jobs involved in creating the first mixed-use phase at the Battersea Power Station in London.
Rental yields in Puchong are decent, with the average indicative rental yield at about 4.4%.
While Puchong is now an established neighbourhood, prices generally remain lower than those in Petaling Jaya.
The landscape in Puchong has undoubtedly changed. While once it was dominated primarily by low-cost flats and apartments, today the skyline includes office towers, malls and modern condominiums.
Capital values in Puchong have continued to appreciate albeit at a more moderate pace in the 12 months to 1Q2015.
Urban Wellbeing, Housing and Local Government minister Datuk Seri Abdul Rahman Dahlan explained that the cases involved technical claims such as defects in the workmanship or the failure to comply with specifications and non-technical claims such as delays in handover to purchasers.
Borneo744 will serve as a creativity and innovation hub to attract industry players under one roof to generate a greater creative relationship.
Buoyed by the upcoming MRT and LRT lines, capital values had appreciated moderately across most properties in the 12 months to 1Q2015.
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