Faber Ria

Faber Ria is a 2-decade old condominium located in Taman Desa. It was developed by Faber Group and completed in 1985. This freehold condominium comprises 3 tower blocks that house a total of 402 units.Nestled in the suburban neighborhood of Taman Desa, Faber Ria is surrounded by plenty of amenities. It is meters away from Taman Desa town centre, that comprises of shops, supermarkets, restaurants, and cyber cafes. Besides that, there are Taman Desa Park, Taman Desa lake and Desa Water Park located nearby as well. Faber Ria is also near to SMK Taman Desa, SMK Desa Perdana, SJK Danau Perdana and SJK Taman Desa; all within 1 kilometre away. Moreover, it is easily accessible from numerous expressways. These include MEX, KESAS, SMART, Kerinchi Link, NPE, Federal Highway and North South Expressway. By utilizing these expressways, residents can easily reach prime areas like MidValley City, the city centre, Bangsar and Petaling Jaya Old Town, all within 10 to 15 minutes.

Property Details

Name: Faber Ria

Address: Taman Desa, 58100 Kuala Lumpur

Developer: Faber Group

Completion Date: 1985

Tenure: Freehold

Type: Condominium

No. of Blocks: 3

No. of Units: 402

Built-up: 500 – 1,400 sf

Maintenance Fee: RM0.17 psf

Subsale Price:

Rental:

Facilities

Swimming pool

Gymnasium

Sauna

Squash courts

Reading room

Laundrette

Grocery store

Cafeteria

Playground

Salon

24-hour security

Covered parking

Market Trends

Analysis

Faber Ria looks quite run down from the outside, but it is actually a very well-maintained condominium. Its resident profiles comprises of family and young executives who work in KL city centre and Petaling Jaya. Just like Faber Heights, its studio unit is the most demanded and loved by investors, due to the high rental yield returned. Rental for 1-bedroom unit starts from RM850 to RM1,000 and 2-bedroom unit goes for RM1,200 to RM1,500. As the selling market price is about RM200,000, around RM210 psf, these investors are making 7% to 9% in terms of gross rental yield.