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Continue Reading ⋅ 30 January 2023
Located in a prime residential enclave in Taman Desa, Desa Green is a freehold project by UOA Group. This serviced apartment is at Jalan Desa Bakti, Off Taman Desa, Kuala Lumpur, which offers high accessibility and modern living among a natural landscape.
Sitting on a 3-acre site, Desa Green is a high-density serviced apartment. It is just minutes away from major shopping centres, and learning and health institutions. In addition, residents can enjoy various facilities within the gated environment, with 24-hour security and card access system.
Taman Desa is an established neighbourhood with amenities such as schools, medical centre, grocery shops and restaurants. Its location is one of the factors that makes this place popular among owner-occupiers as the area has easy access to major roads and highways that connect to Petaling Jaya, the Kuala Lumpur city centre, and Puchong.
Plus, Bandar Malaysia is close to the established neighbourhood of Taman Desa (towards the east and separated by East-West Link Expressway). However, there isn’t a direct access to Bandar Malaysia.
Desa Green is near the East-West Link Expressway, and it is about 8.5km from the Kuala Lumpur city centre via the SMART Tunnel. Desa Green was launched in the fourth quarter of 2012 at a minimum selling price of RM335,000 after rebates.
Within the accompaniment of nature and complimenting conveniences just a stone’s throw away, Desa Green is ideal for both families to come together and also for investment purposes.
Address: Jalan Desa Bakti, Off Taman Desa, Kuala Lumpur, 58100 Kuala Lumpur
Property Type: Serviced Apartment
Land Title: Residential
Total Units: 1,388
- Tower 1 (486 units)
- Tower 2 (451 units)
- Tower 3 (451 units)
Tenure: Freehold
Sales Gallery: Suite G-1, Vertical Corporate Tower B, Avenue 10, The Vertical, Bangsar South City, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur
Year of Completion: 2016
Built-up Area: 578 sq ft – 945 sq ft
Facilities:
- Children’s playground
- Wading pool
- Gymnasium
- Deck area
- Lap pool
- Multi-purpose hall
- Drop-off piazza
- Changing room
- Sauna
Launch Price: From RM450,000
Maintenance Fee: RM0.25 psf
Project Details
Desa Green is a high-rise, high-density freehold development consisting of 3 blocks. There are a total of 1,388 units in the development, with built-up sizes ranging from 578 sq ft to 945 sq ft.
Tower 1 has 486 units, Tower 2 with 451 units, and Tower 3 with a total of 451 units. Some units will have either a city or lake view.
Desa Green provides facilities such as a wading pool, a lap pool, a swimming pool, children’s playground, and gymnasium, among others.
|
Unit Types |
Built-Up |
Launch Price |
|
Type A |
· Block 1 & 2 · 578 sq ft · Studio |
From RM450,000 |
|
Type A1 |
· Block 3 · 604 sq ft · 2 bedrooms · 1 bathroom |
|
|
Type B |
· Block 1, 2 & 3 · 719 sq ft · 2 bedrooms · 2 bathrooms |
|
|
Type C |
· Block 1, 2 & 3 · 935 sq ft · 3 bedrooms · 2 bathrooms · Yard |
|
|
Type D |
· Block 1, 2 & 3 · 945 sq ft · 3 bedrooms · 2 bathrooms · Yard |
|
|
Type E |
· Block 1 & 2 · 935 sq ft · 3 bedrooms · 2 bathrooms · Yard |
Location
Desa Green was developed strategically, keeping in mind the importance of accessibility of the location. The residents do not have to worry about moving to and from the location even if they do not have their own vehicles.
The development is easily accessible via Kuala Lumpur KTM Station, KL Sentral KTM Station, Mid Valley KTM Station, and Seputeh KTM Station. Other than its strategic location, the area is surrounded with numerous amenities including eateries, petrol stations, worship places, and hospitals as well.
Desa Green is within a small radius to these hot property areas:
- Mid Valley city – 4km
- Petaling Jaya – 6km
- KL city centre – 8km
Accessibility
- New Pantai Expressway (NPE)
- Sungai Besi Highway
- Federal Highway
- SPRINT Highway / Kerinchi Link
- SMART Tunnel
- East-West Link Expressway (Salak Expressway)
- KL-Seremban Highway
- Maju Expressway (MEX)
- KTM Salak Selatan
- KTM KL Sentral
- KTM Mid Valley
- KTM Seputeh
Education
- VIKAS International School
- SK Seri Setia
- SMK Sri Sentosa
- SJK (C) Chong Wen
- SJK (C) La Salle
- SJK Danau Perdana
- SMK Desa Perdana
- Kuen Cheng High School
- Megatech College
- INTEC Education College
- University of Malaya
- UCSI University
Medical Care
- University Malaya Medical Centre
- Pantai Hospital
- Taman Desa Medical Centre
Shopping
- NSK Hypermarket
- Scott Garden
- Tesco
- Mid Valley Megamall
- Bangsar Village I & II
- Bangsar Shopping Centre (BSC)
Analysis
Taman Desa is nestled between Petaling Jaya, KL Sentral and Cheras, and close to Bandar Malaysia. This could mean a huge potential for capital appreciation for residents of Desa Green.
Taman Desa has little land available for development. However, one of the more interesting projects is the redevelopment of the old Desa Water Park in Taman Danau Desa. The site, previously occupied by a theme park and restaurant, is owned by Kuala Lumpur City Hall (DBKL), and was sold to developer Aset Kayamas Sdn Bhd for RM500 million in 2016.
Aset Kayamas will undertake a mixed development project called Desa Valley. It will comprise Rumawip (Federal Territories Affordable Housing) units and commercial units.
Here’s a look at residential properties in or close to Taman Desa.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
Desa Green by UOA Development Bhd |
Freehold |
Serviced Apartment |
2016 |
578 sq ft – 945 sq ft |
From RM450,000 |
|
Desa Eight by UOA Group |
Freehold |
Condominium |
2015 |
3,729 sq ft – 7,987 sq ft |
From RM2.11 million |
|
Avantas Residences @ Old Klang Road by CPI Land |
Freehold |
Serviced Apartment |
2016 |
692 sq ft – 1,249 sq ft |
From RM532,000 |
|
Residensi Desa Satumas @ Desa Valley by Aset Kayamas Group |
Leasehold |
Condominium (RUMAWIP)
|
2020 |
850 sq ft |
Not more than RM230,000
|
|
The Hipster by Aset Kayamas Group |
Leasehold |
Apartment |
2022 |
921 sq ft – 1,842 sq ft |
From RM380,000 |
|
SkyVogue Residence by SkyWorld Development Sdn Bhd |
Leasehold |
Condominium |
2024 |
1,085 sq ft – 2,650 sq ft |
From RM652,000 |
|
216 Residences by Vizione Holdings Berhad |
Leasehold
|
Serviced Apartment |
2022 |
658 sq ft – 1,023 sq ft |
From RM300,000 |
|
The Address by Maxim Holdings |
Leasehold
|
Condominium |
2022 |
1,118 sq ft – 2,319 sq ft |
From RM650,000
|
Summary
In January 2021, a 935 sq ft unit listed for sale on PropertyGuru is from RM530,000 to RM600,000. A Desa Green unit that is tastefully and fully furnished can be rented out for RM1,800 per month.
Here are some estimated monthly loan repayment figures for a Desa Green unit priced at RM550,000.
- LTV / margin of finance: 90%
- Down payment (10%): RM55,000
- Loan amount: RM495,000
- Loan term: 35 years
- Interest rate: 3.2%
- Monthly repayment: RM1,961
- Approximate required gross annual income: RM79,000*
If you purchase a unit priced at RM550,000, and rent it out at RM1,800 per month. the gross rental yield would be 3.92% per annum.
Formula: (12 months’ rent / Property price) x 100% = % rental yield
These calculations are based on the PropertyGuru Home Loan Calculator, and PropertyGuru’s Home Loan Eligibility and Affordability Calculator.
If you’re interested in calculating Debt Service Ratio (DSR), you may refer to the PropertyGuru Home Loan Pre-Approval tool. It is FREE to use and helps you avoid loan rejections. It has a 99.9% accuracy so you can be sure of home loan approval!
* Assumptions: You have no other monthly debt obligations, and 30% of gross income will be spent on the housing loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.
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