Ampang Hilir has long been one of the premier residential choices for both locals and expatriates alike – its prestige of housing the majority of foreign embassies in Kuala Lumpur has given the area the “Embassy Row” moniker. Long before the area was populated with posh condominiums and luxury serviced apartments, there was Tara, a freehold condominium surrounded by other upmarket residential properties such as the Seri Hening Residence (directly opposite) and Wickham Manor as well as Wickham Residence on the other road which flanks it (Wickham Road). Residents would enjoy its close proximity to popular malls and leisure spots such as Raintree Club and the Great Eastern Mall. Fancy listening to live jazz? Just walk down to Alexis at Great Eastern Mall 🙂
Let’s face it – Tara is kinda old. It was built in 1994, which puts it in the same league as The Forum (the venerable condominium off Jalan Tun Razak) and a multitude of other low rise apartments along the Embassy Row. The design is unescapably (is that a word?) old school – but it still does look a bit more “updated” than The Forum or even Corinthian at KLCC.
CheckPoint: Check Your Pocket
Pricing trends for Tara have been steadily increasing over time, since its completion in 1994. Average asking prices for the condominium reached its highest at the end tail of 2009, when units sold at an estimated transacted price of about RM560 per square feet.
The next coming years saw the condominium’s asking prices experience a slight decrease. The asking prices remain rather competitive (RM500 PSF+) – in fact it’s downright cheap when compared to other apartments on Embassy Row or in the city with similar criteria (older in age, high rise, etc). To see if this is the “right” market value, then use this free e-booklet on price valuation which you can download by clicking here and entering your details. G’wan, do it. 😉
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Tara in Ampang Hilir is comprised of one 20-storey block that houses 56 units in total. Potential residents have the option to choose from three layouts. Standard units have built-up areas that measure up to 2,745 square feet. Duplex units for the Tara are measured at 5,200 square feet. Its largest units are penthouses that measure at 5,400 square feet. Little palaces in the sky…
This freehold condominium was built in 1994, however, its developers are constantly making sure that its residents needs for topnotch amenities and facilities would be addressed and acknowledged. Living in Tara would allow residents to experience the following amenities and facilities:
- Covered parking
- Barbecue area
- Swimming pool
- Wading pool
- Security round-the-clock
Being located on Jalan Ampang Hilir is a major selling point. Young professionals or expatriates who work in embassies would love its convenient location, making work easily accessible, sans the hassle of commuting.
Nearby entertainment hubs such as malls, restaurants, and cafes are also within walking distance. The Royal Selangor Polo Club is located a few minutes away from the condominium and can be reached by foot. KLCC can be reached within minutes, as Jalan Ampang Hilir is located 1.5 kilometres away by car. Residents may then enjoy the perks of shopping in Kuala Lumpur’s best malls and shopping destinations, such as Suria KLCC, Ampang Point Shopping Centre, BB Plaza, Pavilion, and Times Square.
As for restaurants, diners can enjoy the perks of living at the Tara. Popular joints and restaurants like the Roadhouse Grill, Bangles restaurant, Tsuruya Japanese, and the Victoria Station are all within a short distance from the condominium. Additionally, parents may send their children to Sayfol International, International School of Kuala Lumpur, and Fairview International School. These schools are all within short driving distances away from the Tara. Hospitals that are nearby include Gleneagles Intan Medical Centre, as well as Ampang Puteri Medical Centre.
It’s always refreshing to witness old condominiums surprise us constantly — for the better, we must say. Tara has been finding ways on how to improve overall, something residents definitely appreciate. So far, average selling prices are steady, however, the high number of residential properties expected to rise in the area will definitely make Tara’s selling prices increase over time. Also, we like the views out of this property (especially on the tenth floor and above) – the Kuala Lumpur skyline is absolutely unbeatable from here. Perhaps one of the advantages of living here in a high rise residential at Embassy Row over, say, a condominium out of the KLCC enclave like Binjai Residency or Panorama on Persiaran Hampshire is that you get a clear, unblocked view of the city.
Traffic, like always, is a main issue when one resides in Jalan Ampang Hilir. Embassy Row can become populated with professionals hustling and bustling during peak hours, especially during mornings and late afternoons, but this is a given if one chooses to live here (or in KLCC enclave, or even in Mont Kiara for that matter).
Potential residents would love its reasonable prices, as well as its spacious units although this also means that the net price may be a little high for the casual investor (RM2 million and above). Its amenities and facilities plus overall good location could make Tara a downright steal – but it all depends on how much you pay for a unit here. To estimate the “fair market price” for Tara, Embassy Row, use this guide below –