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| Lake near Taman Danau Desa |
Since the turn of the new millennium, it has grown much in stature and has come under the radar of investors and genuine home-buyers alike. Along with nearby locations such as Taman Seputeh, and Bangsar South, it has been enjoying tremendous capital appreciation over the years, performing well above market average. (By the way, Taman Desa is under the Seputeh parliamentary constituency) Even today with the current negative market sentiment, the prices there are generally still holding up very well.
For many years until about the early 2000s, it has been an underrated and often overlooked location mainly because many were concerned by the notorious traffic jams along Old Klang road. In the past, one could only access Taman Desa via Jalan Desa Off Old Klang Road or an alternative access route passing through Taman Bukit Desa, also via Old Klang Road. Later down the road, which was around the mid to late 90s, the extension of Jalan Desa Bakti to the East-West Link Highway created a new major access route to Taman Desa. That was definitely a turning point for Taman Desa. This new access also spurred the development of the adjacent Taman Danau Desa. When Desa Waterpark was built, yet another access road was created from the Kuala Lumpur-Seremban highway.
In the present day, you'll be hard-pressed to find a neighborhood in Klang Valley that can rival the connectivity and accessibility of Taman Desa. People have woken up to the fact that this little suburb tucked between KL and PJ and 5 highways have massive real estate upside. Granted, most of the houses are old and worn out but you'll hardly go wrong owning a piece of landed real estate here.
To put this into perspective, 2 storey intermediate terrace houses here were transacted at about 6xxK in 2010 but has now shot up to an average asking price of about to 1.3 to 1.4 million, a rate which is easily more than double in the span of just 6 years. I know a house along Jalan Desa Bakti that was transacted at an exact sum of RM600k in 2010 and was just given an offer price of 1.4 million in October 2016 but was outright rejected by the owner.
This is occurring while market sentiment has been negative for about 2 years now, imagine the potential asking price when the property market return to recovery or upward trend, which I forsee will happen from 2020 to 2023 at the latest. (The landed houses at Taman Bukit Desa tend to be a tad lower in price because they are of leasehold status, whereas the houses at the "heart" of Taman Desa are of freehold status) As with all investments, due diligence is of utmost importance. Just because I'm raving endlessly about Taman Desa or Bangsar South in my previous post, it does not mean you can buy any property in these areas without doing any homework, sit on it and expect it to make you good returns. Hence, it's vital to engage in a reliable real estate adviser who can help to speed up your investment decision process and empower you along the way. Hint hint :)
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| Parts of Taman Desa Inner Circle |
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| The Soon To Be Demolished Desa Water Park |
There is hardly anymore land for development at Taman Desa, just some pockets of lands here and there. There is a small plot of land next to OBD Garden Tower and also a bigger parcel after passing Taman Desa Medical Center. Recently, Aset Kayamas acquired the leasehold land of Desa Water Park and its surrounding area from DBKL and it will go undergo massive redevelopment in the near future. Skyworld also has a parcel in Taman Danau Desa but till today there is no further news from them .....read more at http://propertythinktank.my/index.php/2016/11/22/taman-desa-a-real-estate-and-food-haven/
