Investing in real estate remains a solid strategy for building wealth, offering diverse avenues such as residential, commercial, and rental properties. For first-time investors, evaluating key factors for a good investment is essential—and location sits at the top of that list. Why is location so important? It directly impacts a property’s value, desirability, and potential for long-term profitability.
Did you know that Taman Desa, a mature neighbourhood in the heart of Kuala Lumpur, is quickly gaining attention among property seekers? Its strategic location, excellent connectivity, and promising market trends have made it a hot cake for real estate investment.
In this article, we’ll explore whether investing in Taman Desa condos and serviced apartments is the right move. From analysing property values to understanding market trends, let’s dive into why Taman Desa may be an ideal investment location.
Taman Desa Easy Access & Connectivity
One of the key reasons why Taman Desa condos and serviced apartments are attractive to potential investors is their excellent connectivity. Positioned between key areas such as Petaling Jaya, Cheras, Sungai Besi, and Seputeh, Taman Desa boasts a prime location. With easy access to public transport options and major highways like the SMART tunnel, MEX, and Federal Highway, residents can reach the city centre or other suburban areas in no time.
Additionally, its proximity to Old Klang Road, a 111-year-old, 11-kilometre-long route starting near Mid Valley Megamall increases its value. While traffic congestion is an inevitable challenge in Kuala Lumpur, this neighbourhood benefits from multiple exit routes that help ease movement within the area. The dual access to the KL-Seremban Highway ensures residents enjoy well-connected and efficient travel options.
Growing Demand for Taman Desa Property
The demand for condominiums and serviced apartments in the area has been steadily increasing, thanks to the neighbourhood’s strategic location, variety of recreational activities, excellent amenities, and a harmonious mix of local and expatriate residents. Population growth projections estimate the community will expand to 70,000 within the next five years, creating even greater demand for properties in the area.
Between November 2023 and October 2024, Taman Desa recorded 209 residential property transactions across 28 developments. The median price per square foot stands at RM417, with property prices ranging from RM315,500 to RM680,000. These figures reflect the area’s ability to cater to diverse buyer profiles, from first-time homeowners to experienced investors seeking opportunities with significant growth potential.
New Projects and Property Launches in Taman Desa
As of 2024, Taman Desa has welcomed 10 new housing projects, introducing 5,887 units, including 1,967 affordable homes. Federal Territories Minister Dr Zaliha Mustafa also announced 800 affordable housing units to be built at developers’ own cost, reflecting a strong commitment to housing accessibility. The introduction of new property launches in Taman Desa has opened up more opportunities for investors.
These developments feature contemporary facilities that cater to modern lifestyles, including swimming pools, gyms, and community spaces. This mix of affordability and luxury broadens the market for potential buyers and renters. Whether you are looking for a condominium with a swimming pool or a serviced apartment with built-in conveniences, the new projects in the area meet these demands.
High Rental Yield Potential in Taman Desa
Due to its proximity to business hubs and key city areas, Taman Desa offers excellent rental yield potential. Its central location, with easy access to business districts like Petaling Jaya, Kuala Lumpur city centre, and other nearby suburban areas, makes it an ideal choice for tenants working in or around these areas. The development of new projects in the area attracts a diverse tenant pool, including expatriates, young professionals, and families seeking modern living spaces.
The neighbourhood has access to educational institutions, healthcare facilities, and shopping centres, ensuring a steady demand for rental properties. Compared to pricier property areas like Mont Kiara or Old Klang Road property, Taman Desa offers competitive rental rates, providing landlords with consistent income while benefiting from the area’s ongoing development and potential for capital appreciation.
Comparison with Old Klang Road Condo & Property Options
Another reason to consider investing in Taman Desa condo and serviced apartments is its strategic position in nearby areas like Old Klang Road. While Old Klang Road condos are well-established, Taman Desa condos are a modern alternative, offering updated amenities and more contemporary designs. Moreover, the price range in Taman Desa can be slightly more affordable compared to properties along Old Klang Road, making it a competitive option for both first-time buyers and seasoned investors.
Conclusion: Is Taman Desa a Good Investment for Investors?
Whether you’re looking for a modern condominium or a serviced apartment, Taman Desa caters to various needs and budgets, making it an accessible and attractive choice for both first-time and seasoned investors. The area’s strategic location, coupled with its connectivity to major hubs and amenities, further enhances its desirability.
Investors can expect not only stable rental yields but also long-term growth in property value. Taman Desa is more than just a place to invest, it’s a promising opportunity for anyone looking to expand their property portfolio with a well-connected, high-potential asset.