Faber Heights

Faber Heights is a freehold condominium nestled in Taman Desa, a suburban area neighboring the city centre, Seputeh and Mid Valley City. It comprises of three high rise condominium blocks with about 200 units. The built-up area ranges from 608 sf to 1,261 sf. It was formerly developed by Faber Union in the 80s, but then it was passed to a Korean contractor for further development until completion. Several amenities are mere minutes away from Faber Heights within this matured neighborhood. There are several schools nearby including SMK Taman Desa and SMK Desa Perdana. Besides that, it is few minutes away from Taman Desa town centre that houses numerous neighborhood supermarkets, groceries, cafes and restaurants. In addition, it is just within walking distance to Taman Desa Park, a recreational site for jogging and cycling. If that park is not good enough, then one should visit Taman Desa Lake, a huge lake that is favored by anglers around Klang Valley. Plus, there is also a hospital located in the neighborhood, namely Taman Desa Medical Centre. Accessibility wise, it is well connected to numerous major highways, namely MEX, Kesas, SMART, Kerinchi Link, NPE, federal Highway and north South Expressway. Just within few minutes drive, one could reach Mid Valley City, where plenty of amenities can be found.

Property Details

Name: Faber Heights

Address: Jalan Desa Utama, Taman Desa, 58100 Kuala Lumpur

Developer: Faber Union

Completion Date: 1989

Type: Condominium

Tenure: Freehold

Built-up: 608 – 1,261 sf

No. of Blocks: 3

No. of Storey: 19

No. of Units: 370

Subsale Price:

Rental:

Facilities

Swimming pool

Tennis court

Squash court

Table tennis

Children's playground

BBQ area

Mini market

Hair salon

Cafeteria

Laundrette

Market Trends

Analysis

Taman Desa is a matured but still growing neighbourhood. Most residential here are built way back in the 80s, and there are still new developments going on in the vicinity. The area has a good middle-class mix. The area is favored because of its location which is nearby to prime commercial spots like Mid Valley City and KL city centre. In terms of investment, Faber Heights is good for rental yield strategy. Most owners claimed that their units can be easily rented out for at least RM1,000 for a bare unit. A studio unit here fetched up to RM1,300 depending on the furnishing. On the other hand, its capital appreciation is almost nil for several years. And there is no potential for its price to rise further due to its aging factor and new supply in the vicinity.