Desa Palma

Desa Palma is a very low density freehold condominium comprises of 71 units with only 2 units per floor. It is located along Persiaran Ampang Hilir, in Embassy Row enclave. Desa Palma is one of the oldest condominiums in the enclave.Desa Palma is located next to Madge Residences and Kondominium 8. Besides that, it is also on the same row as Albakri Court, Damai Suria, and Embassy of North Korea. Other immediate neighbours are 9 Madge, U-Thant Residence, Cinta, 7 U Thant, Myanmar Embassy, North Korea Embassy and Russian Embassy. There are plenty of amenities nearby Desa Palma. It is within walking distance to AmpWalk, a neighborhood shopping centre. In addition, within minutes of driving from Desa Palma, you can reach Great Eastern Mall, Suria KLCC, Pavilion, Times Square, Lot 10 and Ampang Point. Besides that, there are quite a number of education centres within 1 km from the condominium, namely Sayfol International, Fairview International, SMK Sri Ampang, SMK (P) Puteri Ampang, SJK (C) Ching Hwa, Goethe Institue and SJK Datok Keramat. Also, you can find plenty of foreign delicacies restaurants located within short walking distance namely Victoria Station, Roadhouse Grill, Bombay Palace, Bangles Restaurant, Tsuruya Japanese and Royal China Restaurant. For recreational and sports centres, there are KLCC Park, Raintree Club, Selangor Polo and Equestrian Club, and the Royal Selangor Golf Club located few kilometres away.

Property Details

Name: Desa Palma

Address: Persiaran Ampang Hilir, 55000 Kuala Lumpur, Malaysia

Type: Condominium

Tenure: Freehold

Built-up: 2,117 - 2,300 sf

No. of Blocks: 3

No. of Storey: 3

No. of Units: 71

Subsale Price:

Rental:

Facilities

Barbeque area

Club house

Covered parking

Jogging track

Sauna

Squash court

Swimming pool

Wading pool

Tennis court

24-hour security

Market Trends

Analysis

Embassy Row is well-known to be a sought after enclave for expatriates. There are plenty of embassies, international schools and other expatriates-friendly amenities can be found in the area. Besides that, the area is also famous to contain numerous exclusive residential from bungalows to high-rise condominiums. Besides old condominiums like Desa Palma, Damai Suria and Tara, there are plenty new and under construction condominiums in the Ampang Hilir enclave. New condominiums include Seri Hening Residence, U-Thant Residence and Mutiara Upper East. Meanwhile, condominiums that are under constructions are Katana II, Brunsfied Residence and Iringan Hijau. With plenty of new and upcoming condominiums mushrooming in the enclave, it is afraid that over-supply will occur. Looking at the bright side, these new developments which are tagged from RM800 psf up to ridiculously RM3,000 psf will actually help Desa Palma price to escalate further. Residents at Desa Palma residing in units that facing Persiaran Ampang Hilir suffer noise pollution from the vehicles passing along the road. Persiaran Ampang Hilir and Jalan Ampang Hilir are often used as alternative route to head to east side of Ampang. Thus, these roads are normally congested during peak hours. Based on a survey conducted by Zerin Properties in 2004, Desa Palma occupants consist of 90% of foreigners and 10% of locals. Out from the total of 71 units, it recorded 90% of occupancy rate. Meanwhile, its neighbours Desa Angkasa and Kondominium 8 recorded 97% and 95% of occupancy rate respectively. Most of these condominiums were totally occupied by foreigners except Desa Angkasa and Tara. Based on the survey, we can find that most other condominiums were more preferred than Desa Palma. Investment wise, Desa Palma has great potential to increase in value in the future. Meters away from Desa Palma, U-Thant Residence and Brunsfied Residence are tagged at around RM1,000 psf and RM3,000 psf respectively. Meanwhile, in terms of rental yield, it delivers unattractive return around 5%.