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 254 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
Land Tenure
753 sf - 1,442 sf
Market Price
RM500,000 - RM1,080,000
350 Units
Completed In
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 RM500,000 to RM1,080,000 (about RM660 psf); while the monthly rentals are from RM1,800 to RM2,800 (about RM2.39 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 4.14% a year ago in Q2 2018. The highest rental yield ever recorded was 4.42% in Q3 2018; while the lowest one was 3.36% in Q4 2018. 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 RM660 psf. For price wise, the most expensive one is 3-bedroom / 1,442 sf with a median price of RM750 psf; while the cheapest one is 1-bedroom / 753 sf with a median price of RM660 psf.

Latest The Veo for sale listings:

19-Jul-19Condominium753 sfRM520,000
08-Jul-19Condominium1,442 sfRM968,888
23-Jun-19Condominium1,442 sfRM1,100,000
14-Jun-19Condominium753 sfRM450,000
30-May-19Condominium1,442 sfRM870,000
30-May-19Condominium753 sfRM490,000
30-May-19Condominium2,271 sfRM1,380,000
13-May-19Condominium753 sfRM500,000
13-May-19Condominium780 sfRM750,000
13-May-19Condominium753 sfRM750,000

Latest The Veo for rent listings:

03-Jul-19Condominium753 sfRM1,800
02-Jul-19Condominium1,442 sfRM3,000
08-Jun-19Condominium1,442 sfRM3,000
07-Jun-19Condominium1,442 sfRM3,000
18-May-19Studio753 sfRM1,700
18-May-19Condominium1,442 sfRM2,300
17-May-19Condominium753 sfRM2,200
15-May-19Studio750 sfRM2,000
15-May-19Condominium1,442 sfRM2,800

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