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
RM520,000 - 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 RM520,000 to RM1,100,000 (about RM690 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 3.36%, 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 3.36% in Q1 2019. 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 RM690 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 RM690 psf.

Latest The Veo for sale listings:

DateTypeBuilt-upPrice
16-Feb-19Condominium1,442 sfRM1,000,000
15-Feb-19Condominium1,442 sfRM1,200,000
07-Feb-19Condominium1,442 sfRM1,200,000
07-Feb-19Condominium753 sfRM510,000
07-Feb-19Condominium753 sfRM490,000
28-Jan-19Condominium1,442 sfRM1,150,000
18-Jan-19Condominium753 sfRM600,000
18-Jan-19Condominium1,442 sfRM1,100,000
16-Jan-19Condominium1,442 sfRM865,000
13-Jan-19Condominium1,442 sfRM1,180,000

Latest The Veo for rent listings:

DateTypeBuilt-upRental
17-Feb-19Condominium753 sfRM1,500
16-Feb-19Condominium753 sfRM1,300
12-Feb-19Condominium753 sfRM1,500
12-Feb-19Condominium1,442 sfRM2,800
12-Feb-19Condominium753 sfRM1,500
12-Feb-19Condominium753 sfRM1,400
12-Feb-19Condominium1,442 sfRM2,400
11-Feb-19Condominium753 sfRM1,900
15-Feb-19SOHO753 sfRM2,000
10-Feb-19Condominium1,442 sfRM2,500