Dear all,

I'm new to this forum, and I'd like to seek your advise. I've been spending a lot of time in the Faber Ria & Faber Heights apartments @ Taman Desa.

I know it's very old - but what are your views with regards to its investment potential? Please advise....

thanks.

If i'm not mistaken the price wasn't cheap right? above 300k and the security not good either. am i right?

You can get some units less than 300K.

Security is fairly reasonable. I've seen a lot worse....

CAN ANYBODY PLEASE HELP me with my query>????

I'd just like to seek the views of all the sifu's out there. Thanks.

you haven't included any useful informations in regards of faber's condo at all apart from 'there are some units less than 300k' and 'security is fairly reasonable', so i guess it's a bit hard for anyone to provide any useful advices.

what are the rental yields? maintenance fee? facilities? type of tenants (local or foreign tenants, or majority owners)? how much loan you're planning to take? and if you're taking, how much is the installment rate? etc...

i don't want to sound too harsh, but if you're asking for views, you don't expect others to do the research for you. we can offer simple advices, but nothing that will help that much (except those who stay there).

so maybe you can do us a favour to help do you a favour? some relevant informations?

Monolith,

Let me be frank to you then. Do not assume to lecture me as though I am some school boy. You know nothing about me. You can keep your condescending and snide remarks to yourself.

Obviously, I have some hard figures in mind. Let me be specific in my question then: I do not give a damn about the yields, MOF, COC return, tenancy demand, maintenance fees, IRR and cash flow dynamics. I already have those answers in my head.

Let me be specific here: I'd like to know about the views of anyone that has bought / invested in Faber Ria or Faber Heights. I'd just like to know your experience, and whether u are happy with your investment decision and why. I do not need any hard facts or figures.......just your views on the area in a qualitative sense.

Monolith - perhaps you shouldn't make such sweeping statements in the future and please do not be so presumptious.

Goodbye!

that would not be a problem for me.

goodluck for waiting for a decent 'view' from the forumers then.

Yes, if you were to extropolate your deplorable behaviour to the rest of the world, i'm sure the response would be "phenomenal".

I've learnt something about you too....The talk a lot, pretending to be smart kind, but unfortunately without much substance or investments, i suspect.

Good luck to you too. I suspect you're gonna need it more than me.

faber ria condos at one point in time, the price drop. but now rebound already.
think it is fairly valued already.
seriously doubt it will go up much further.

if u looking for rental yields though, try OBD condo. just 300meters away.

Hi Phoeni,

Went to check few Tmn Desa properties few months back due its decent rental yield, but decided not to go for it due to :

1. No LRT now or in the new future, hence I suspect current rental yield in Tmn Desa might not be sustainable or remains flat especially when there will be plenty of new supply coming from the Kerinchi area.

2. Had a fren who bought Tiara Faber for 250k 5 years ago..............and today its still sells for 250k. Im not overly optimistic over its capital appreciation prospects. Rental yield also so-so.

3. Rental yield about 7%-8% only, so in the end I went for something with better yields n capital gains prospects.

Hi,

what about case desa? Plan to buy it on next year.. wish to rent it out after bought.. price is around 300k-350k, build up 1,110s.f.. Any command?

but casa desa demand is not that high.

I kinda agree with Pai,


I've moved to Taman Desa 3 months back. Rented an apartment there(or condo... i still cant tell the different )

Security wise, its definitely better than certain areas.

However, if you are looking for an appreciation return i personally find that it's not really a good option. Track records shows hardly any appreciation gain on those few high-rise for the past 10 years. Rental investment seems fairly decent, i don't see lots of units to-let so i guess the rate of occupancy seems high enough. Most of the high-rise there are leasehold, and the one around the commercial square at the shell station inside are unit with 950sqf+ at the price of RM 180k-RM220k is rented out for at least RM 950.

Casa Desa seems rather nice. Last i heard unit around 1200sqf is going RM 300k and above. i plan to buy one in year 2009, but now i rather look else place, since there is speculation that properties price might drop to a certain level.

Desa Villa seems like a nice piece of property too, cept its at least RM 320k for a unit... over budget for me(but i like the surrounding there. )

At this time, the area i'm looking at are Sentul (but i think its a bit late for me to go in already...) and Puchong(Bukit Jalil, Bandar Puteri and nearby areas) Most of them are within the RM 200k - RM 300k range and seems to be growing rather fast lately.


Hope this helps

Regards,


Merce Chua
Mortgage Sales Executive
OCBC Bank (M) Berhad
019 -913 1127
ChuaCChie@OCBC.com

Hi, I rented a 2-bedroom in Faber Ria in 2007.

Really nice place. Looks dodgy from the outside and worn down, but inside the place is surprisingly really well-maintained with a family atmosphere. It's a great place to stay, very quiet since the shops are walking distance.

I stayed in a high density condo in PJ and then the Putramas condos along Jln Kuching before moving here, so I really appreciate the lack of students, noisy/sibuk neighbours and the whole 'crowdedness' - look outside your window and you see another condo.

Also, best way to check out who's staying there is to look at the cars - the cars in Faber Ria are mostly conti's, so it's a very middle class to higher crowd staying here. Perhaps the place is affordable enough that they can drive cars like BMW 6 series, Porsche and Audis
Mine only Proton, so I bring the place down

There are 1-bedroom units here, rental from RM850 -RM1k. 2b/2r units go for for RM1200-RM1500. Hear the selling market price for similar unit is RM210-RM230K. My landlord offered to sell if I ever want to buy, but considering. Capital appreciation will be little - most people here buy to stay (that's why rarely see unit to let - most are people who bought/long-term renters who like the place)

I heard that the place is due to be re-painted, once I hear this I plan to buy (since unit prices tend to shoot up after repainting - check out the immediate price revision for the Pantai Towers in Bangsar - up by 20%!)

I checked out Casa Desa but don't like the 'dorm-like' layout. Sure, it looks nice now, but give it a few years...also don't like its high density. But they do give three carparks!

Faber Heights is nice too, but higher priced than Faber Ria - i dunno why, don't see what's the added value.

Oh, another reason I like this place? Management damn nice - turn a blind eye to pets (only kena sound if neighbours complain).

Hi,

Thank you for your reply. I must say that I thought this thread was dead.

Yes, I never really did care what naysayers said about my potential investments. If the maths and my intuition make sense - I'll go for it.

Have bought a little studio in Faber Ria for 120K - renting it out for RM 1,100 fully furnished. Nice little cash flow for the mrs and myself.

In the midst of closing another studio in Faber Heights.

I like the fact that potential investors shun Taman Desa condo's in general, because of the "lack of potential appreciation". Makes the market less competitive for me!! As i've mentioned in my previous posts- IMO, appreciation in your properties is an ancillary benefit of ownership. The most important is +ve Cash Flow and a tidy COCR.

In the end of the day, I take out minimal cash, enjoy positive cash flow, and end up building some nice equity for myself in the properties there. FOC. Cheers.

This post has been edited by Phoeni_142: Feb 15 2009, 06:26 PM

Taman Desa is a place for people who wants to stay there, I agree. Public Transport wise there's only 1 No.72 Bus going around the area down to old klang road->federal highway->kl central->pasar seni.

But if you drive, or want to find a place close to everywhere it's one of the best spots. Traffic Jam is minimal compared to places like Ampang, Cheras.

Anyone stay in Casa Desa? Care to take some interior pictures to share? It looks like it's just next to the slope, and I see few 2-3 storey units around the slope, what's so special about these units?

Rental around that area can fetch rm2000 but appreciation is little, it's just a hidden gem i guess.

IMHO - I think Casa Desa is a nice play to live....

But from an investor's point of view - in terms of COCR - i think other condo's in Tmn Desa provide better upside.

Last I checked - Casa Desa is going for about 320 psf - and it does not command the same rental power as Desa Villa or Danau Permai.

As such, we've made a conscious decision to stick to Faber Ria / Heights....It provides a phenomenal COCR, low downpayment and great tenant demand. Yes - it is old, and shows signs of age. However, we do like it for other intangibles - such as the impeccable security.

Can describe to me which one is Faber Ria? I saw a few condo hidden beside the road going up hill, don't know what they are called. Are they good?

I just checked Casa Desa's Layout, pretty awkward I have to say. Seems not my ideal. But I have yet seen the facilities and stuff. Looks like a green castle beside the slope. I think the reason it doesn't fetch high rental is because it's Green, and it's not as happening as the commercial areas. The area opposite Casa Desa, I've stayed around that area for 2 years yet I barely go there. If by foot is getting food easy? I know it's the closest to Old Klang Road.

Do you know the list of freehold vs leasehold condos in Taman Desa? What about the landed properties are they freehold?

I'm not that particular about appreciation, but hoping i can get something around 200k-300k, can attract decent rentals but won't depreciate in price at least. I believe that area will hardly sustain depreciation in long term due to it's strategic location.

So far Danau Permai is the best condo I've ever been to around the area, haven't been to the expensive one opposite those new 1million houses, but i notice most new condo are located near slopes.

Am hoping price will drop during the financial crisis.

Hi, Always willing to share with anybody who's interested in Taman Desa (TD).

1. Casa Desa is on the extreme end of the road. Drive the opposite direction - u should pass by Faber Heights on your left, followed by Faber Ria a few hundred meters later. It is also opposite the commercial district.

2. Well, to be fair to the people that bought in Casa Desa - it is a good location. It's just that from an investment viewpoint, I find it a tad bit pricey. The facilities are fairly good. I reckon it's about 35 to 40% occupied right now.

3. Yes, I do have a list of condo's in TD. Pls just check out this link
http://www.streetdirectory.net.my/malaysia...lan+klang+lama/

4. Loosely speaking - any condo in TD with the word "Danau" is a leasehold dev.

5. The DSLH in TD have appreciated nicely over the last few years....I believe a 22 x 75 is transacting in the high 500 range at d moment - but can't be too sure.....need to check. Personally, i believe TD offers more opportunites in terms of condo's & studios. For landed, I'd rather stick to the Damansara side.

any other areas u are looking at besides TD? For investment, yes? where else do u invest in?

This post has been edited by Phoeni_142: Feb 23 2009, 10:38 AM

Thanks for the info. Still a long way to go for investment.

I'm staying in TD (2.5yrs now) and looking at the rents I pay every month I though might be better to buy a unit instead of financing other people.

I wonder if it's a wise choice to get lease hold condos, the ones around Shell Station like Danau Permai & Danau Impian are all leasehold, the one next to Shell Station forgot the name and then the rest are behind the Traffic Lights with lots of high tension cables. I see there are some houses behind those condo (road straight go out to Old Klang road) but I have yet explored that area.

Danau Permai seems a pretty good condo but again it's leasehold... Danau Impian is too old, good for simple life. Not sure about the rest.

Casa Desa and the rest along the road seems good, but abit far from the Commercial Centre & the Park, need to drive. But sometimes I just prefer to have a short walk for food.

What about the commercial centre opposite Casa Desa? I see from outside doesn't look much attractive. How's the food, and supermarket over there? Or need to go to Shell area or Old Klang Road?

Right now I don't know if I'm gonna continue staying in KL, but would like to get a unit here as I think i don't feel like staying in other areas after staying here. Places like Kuchai Lama & Sri Petaling are just next door but they don't feel anything like TD. Been to Damansara & other places but those places give me a stranger kinda feeling... even though foreigners have increased around this area, most people especially staying in landed properties have been staying here for 20-30years, so the community is rather strong compared to other places.

So my main goal if I purchase a unit here won't be for investment but more for staying, but I do hope at the very least it won't depreciate in long run & can get decent rentals if I chose to rent it out.

Other than Danau Permai, the only one i see is Casa Desa, haven't got the chance to Fabers, there's a new condo opposite the new 1million banglow area but I hear it's very very expensive, on slope hill too.

hi,

Can anyone share with me the Desarina (hope the name is correct), the new condo next to OBD. It is open for sale?

Im currently renting a unit at TB and like the overall neighbourhood environment. So now looking to get one to stay.

This post has been edited by towtow: Feb 23 2009, 12:58 PM