Tiara Faber

Tiara Faber is a low density condominium located in Taman Desa developed by Faber Group. The condominium stands among large concentration of middle-upper class condominiums developed by the same group.Besides Taman Desa, Faber Group is also responsible for developing a number of residency including Taman OUG, Kuala Lumpur; Taman Grandview, Sandakan; Taman Sri Desa, Ipoh; and Minden Height and Changkat Minden, Pulau Pinang. Tiara Faber is accessible via KL-Seremban Highway via Faber Interchange and motorists have several highway accesses including Federal Highway, KESAS Highway, KL-Seremban Expressway, New Pantai Expressway (NPE) and Lebuhraya Damansara-Puchong LDP to go to a lot of destinations. You can get to Kuala Lumpur city centre within 10 minutes of driving. There are numerous amenities within the neighborhood including schools, super market and others such as SMK Taman Desa and Taman Desa Medical Centre. You can find numerous of business centers nearby including Danau Business Centre, Plaza Danau 2 and the Faber Complex.

Property Details

Name: Tiara Faber

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

Developer: Faber Union Development (a subsidiary of Faber Group)

Completion Date: 2000

Type: Condominium

Tenure: Freehold

No. of Blocks: 4

No. of Units: 320

Built-up: 1,244 sf

Maintenance Fee: RM250

Launch Price: RM250,000

Subsale Price:

Rental:

Facilities

Barbeque area

Cafeteria

Covered parking (1 spot each unit)

Gymnasium

Jogging track

Mini market

Nursery

Children's playground

Salon

Sauna

Squash court

Swimming pool

Tennis court

24-hour security

Function room

Reading room

Launderette

Market Trends

Analysis

Tiara Faber is mostly occupied by young executives and young families who are working around Petaling Jaya, as well as Kuala Lumpur. There are numerous facilities and amenities in this Taman Desa neighborhood, including restaurants and cyber cafes. Still, there is also greenery in the area which is quite rare in matured suburban Kuala Lumpur neighborhood.All units at Tiara Faber comes with only one covered parking that is insufficient for modern day living. As most of the residents are young executives and young families, most of them owns their own car whereby most of them parks theirs outside of the compound on the roadside. This illegal parking problem creates traffic congestion and unpleasant view for the residents. If you have more than one car, perhaps you can ask for parking spot rentals or join the bandwagon of other residents parking cars on the roadside. Beware, there is traffic police summons illegal parking cars occasionally. For units that facing KLCC, they may experience unpleasant noise from the traffic. But living in Taman Desa, one can find peaceful surrounding that most areas in Kuala Lumpur cannot offer. With lush greenery and low density residency, one can have a peaceful living raising kids and growing old here.Over the years, the price of Tiara Faber does not appreciated much even since its completion back then. Same as its rental which only sees net yield from 5% to 7% per year. Most people associated the problem due to the TNB high tension nearby which also results the same capital appreciation problem for Ampang 971. Overall, investing in Tiara Faber is a secure investment as the place is fully occupied and well demanded.Hopefully, the management security improved over the years. Last few years back to 2009, there were close to 25 cases of break-in in a few months' time. The best part was outsiders are hard to get into the compound but how burglars managed to! Another disadvantage is the noise pollution from the school as there are frequents meetings, PTA, sports day etc..