In KL, a mature neighbourhood below RM500,000.

I like mature neighbourhoods especially for own stay. Just a few weeks ago, an old friend called and asked if I would like to have a cup of latte. I immediately agreed and went to fetch him. His place was in Taman Desa. It was my first time driving into Taman Desa. I felt good. Trees lined up the roads, it looks clean and has many of the usual amenities like schools, rows of shops, banks, petrol stations. There were NO new developments being developed and the feeling in one word was comfortable. There was little need to speed, somehow.

So, I researched a bit and found out from iproperty that should you want to stay in this mature neighbourhood, there are still choices below RM500,000. In terms of actual developments close to 1,000sf for below RM500,000, there were not many choices though, I found just two. Please refer to the image. There are also other project with smaller units, you may search for it yourself. For a family, I think something closer to 1,000sf or higher would be preferable. If you have baby, you would need that extra room for your helper, whoever the person may be.

If you stretch the budget up till RM600,000, then the choices increase. You would have Tiara Faber, Abadi Villa and Faber Ria. What about some additional information about Taman Desa? A check with propsocial.my revealed the following additional information which I think really validates this as a mature neighbourhood. There are NO new developments being planned. There are a total of 27 property developments within this area BUT there are no malls. This may explain why prices have remained at the levels of slightly below RM500psf till today. You may refer here: 
Personally, if you are looking for a place to invest with a higher chance of price appreciation, this may not be your better bet. Prices can normally move because of a few reasons, most of the time, new developments which tend to be slightly more expensive and this brings up the level of that area higher. Alternatively, a catalyst project like how Twin Towers brought up the whole KLCC area higher. Otherwise, the price appreciation is gradual which is not good when you look at it on a longer term basis. Happy selecting your own home sweet home.
written on 30 June 2015
next suggested article: Ready, steady, grab the opportunity. (KLCC area)