The Veo, Taman Melawati, Ukay

The Veo (also known as The Veo @ KL East) is a freehold apartment located in Taman Melawati, Ukay. There are 350 units available at this project with built-up from 753 sf to 1,442 sf. It was developed by Sime Darby Property Bhd with a launch price at around RM600 psf, and was completed in about 2016.

Sime Darby Property Bhd is a very large-sized real estate company listed on KLSE, and it has constructed around 243 real estate projects in Malaysia. Other similar projects by the same developer are 3 Residen, Ara Hill, Embassyview, Isola, Lafite Apartment, Oasis Serviced Suites, Serini, Starville, Subang Avenue and Tropika Paradise.

Property Type
Apartment
Land Tenure
Freehold
Built-up
753 sf - 1,442 sf
Market Price
RM530,000 - RM1,100,000
Density
350 Units
Completed In
2016
Launch Price
About RM600 psf

This apartment has many amenities nearby, for example schools, hospitals and metro transport stations. The following are some main schools here:

The current market prices for The Veo are from RM530,000 to RM1,100,000 (about RM700 psf); while the monthly rentals are from RM1,800 to RM2,800 (about RM2.45 psf). The highest median price psf ever recorded was RM797 psf in Q4 2017; while the lowest one was RM600 psf in Q1 2014.

The current rental yield of The Veo is around 3.93%, compared to 3.93% a year ago in Q1 2018. The highest rental yield ever recorded was 4.57% in Q4 2018; while the lowest one was 3.65% in Q4 2017. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size combination at The Veo is 1-bedroom / 753 sf with a median price of RM700 psf. For price wise, the most expensive one is 3-bedroom / 1,442 sf with a median price of RM760 psf; while the cheapest one is 1-bedroom / 753 sf with a median price of RM700 psf.

Latest The Veo for sale listings:

DateTypeBuilt-upPrice
25-Mar-19Condominium2,300 sfRM1,200,000
12-Mar-19Condominium753 sfRM490,000
12-Mar-19Condominium753 sfRM470,000
12-Mar-19Condominium753 sfRM500,000
12-Mar-19Condominium1,442 sfRM870,000
03-Mar-19Condominium850 sfRM803,888
03-Mar-19Condominium650 sfRM618,888
03-Mar-19Condominium856 sfRM817,888
16-Feb-19Condominium1,442 sfRM1,000,000
15-Feb-19Condominium1,442 sfRM1,200,000

Latest The Veo for rent listings:

DateTypeBuilt-upRental
13-Apr-19Condominium753 sfRM1,800
13-Apr-19Condominium1,442 sfRM3,500
06-Apr-19Condominium753 sfRM2,000
06-Apr-19Condominium1,442 sfRM3,200
06-Apr-19Condominium753 sfRM1,600
21-Mar-19Condominium1,442 sfRM3,500
08-Mar-19Studio753 sfRM1,700
08-Mar-19Studio753 sfRM2,000
08-Mar-19Condominium753 sfRM2,000
08-Mar-19Condominium753 sfRM2,000