The Veo has good potential in terms of investment. With developments like The Ridge (also at KL East) and Sunway Montana located within the same vicinity, it will create a stretch of luxury residential and commercial properties along the Middle Ring Road 2 (MRR2).
LEA By The Hills is developed by OSK Property, and it is located in the serene area of Taman Melawati. It is well connected by major highways, and thus, makes it easy to get around Kuala Lumpur.
This low-density leasehold residence is expected to offer an array of facilities in inspiring living spaces. Residents will be able to enjoy breathtaking mountain views within the established residential area of Taman Melawati.
In March 2021, OSK Property launched the Essential Homes series 2021, to deliver value homes at competitive price points. They’ve defined essential homes as developments that emphasise on the fundamentals, by offering key facilities and a balance of greenery and sustainable features.
The campaign will run until December 2021 and it focuses on three elements – price, location, and amenities. It runs concurrently with the Home Ownership Campaign (HOC) 2021, which provides stamp duty exemptions on instruments of transfer and loan agreement for participating developers.
Address: Taman Melawati
Developer: OSK Property
Property Type: Condominium
Land Title: Residential
Tenure: Leasehold
Total Units: 344
Sales Gallery: G-4, G-5, G-6, Nadayu 63, Persiaran Nadayu 1, Taman Nadayu Melawati, 53100 Hulu Kelang, Selangor
Year of Completion: N/A
Built-up Area: 951 sq ft & 1,159 sq ft
Launch Price: From RM500,000
Maintenance Fee: RM0.32 psf
Project Details
Units will be designed to accommodate residents’ convenience and comfort, and allow them to take in scenic views at recreational amenities. With the Quartz Ridge close by, there will be an abundance of greenery at their doorstep.
There are only 344 units, and they are 951 sq ft with 3 bedrooms, and 1,159 sq ft with 4 bedrooms. Prices start from approximately RM500,000.
Highlights of LEA By The Highlights
- Low-density
- Close to amenities
- Live next to nature
- Breathtaking mountain views
- Recreational facilities for multi-generations
- Functional layout for 3 and 4 bedrooms
- Mature neighbourhood
Unit Types |
Built-Up |
Launch Price |
Type A |
· 951 sq ft · 3 bedrooms · 2 bathrooms · 2 car park |
From RM500,000 |
Type B |
· 1,159 sq ft · 4 bedrooms · 2 bathrooms · 2 car park |
From RM700,000 |
Location
LEA By The Hills is accessible via highways such as the Middle Ring Road 2 (MRR2), Duta-Ulu Klang Expressway (DUKE), Ampang-Kuala Lumpur Elevated Highway (AKLEH), and Setiawangsa Pantai Expressway (SPE). It is also within close vicinity to other mature townships such as Setapak, Danau Kota, Gombak, and Wangsa Maju.
With these routes, residents are just about 20 minutes’ drive from the Kuala Lumpur city centre. Through the SPE, residents could also easily reach major developments in Kuala Lumpur such as the Tun Razak Exchange, Bukit Bintang City Centre, and Bandar Malaysia. As for public transport, there’s Kelana Jaya LRT line and the closest station is the Wangsa Maju station.
Amenities are aplenty close to LEA By The Hills. For malls, there’s KL East Mall, Melawati Mall, Wangsa Walk Mall, AEON Big Wangsa Maju, AEON Wangsa Maju, Setapak Central Mall, and Great Eastern Mall. Slightly further, about 20 minutes away will be Suria KLCC.
Like all other developments in this area, LEA By The Hills is close to the Quartz Ridge, which promises a serene environment.
Accessibility
- LRT Wangsa Maju (KJ3)
- Middle Ring Road 2 (MRR2)
- Duta-Ulu Klang Expressway (DUKE)
- Ampang Kuala Lumpur Elevated Highway (AKLEH)
- Setiawangsa Pantai Expressway (SPE)
- Gombak Integrated Transport Terminal
- LRT Kelana Jaya Line – Wangsa Maju station, Sri Rampai station, Taman Melati station
Education
- Universiti Tunku Abdul Rahman (UTAR) – 3.5km
- International School of Kuala Lumpur
- SMK Taman Melawati
- Malaysia Institute of Art (MIA)
- Fairview International School
- International University of Islam
- International School of Kuala Lumpur (ISKL)
- Islamic International University Malaysia
- Islamic International School
- Consist College
- Saudi School Kuala Lumpur
- Universiti Teknologi Malaysia
Medical Care
- KPJ Ampang Puteri Specialist Hospital
- Gleneagles Hospital Kuala Lumpur
- Damai Service Hospital
- Hospital Angkatan Tentera Tuanku Mizan
- Columbia Asia Hospital Setapak
Shopping
- KL East Mall
- Melawati Mall
- Wangsa Walk Mall
- AEON Big Wangsa Maju
- AEON Wangsa Maju
- Setapak Central Mall
- Great Eastern Mall
- Suria KLCC
Recreation
- Bukit Tabur
- Kemensah Recreational Park
- Quartz Ridge
- Zoo Negara
Analysis
LEA By The Hills is located behind Nadayu 63. The 950 sq ft does not come with a balcony, only the larger corner lot comes with a balcony. Some would think that it’s a shame not to be able to enjoy the lush greenery from the balcony.
Nevertheless, LEA By The Hills is ideal for those who seek a tranquil lifestyle, while surrounded by amenities. Malls, educational institutions, and makan places are aplenty in Taman Melawati. It’s also a haven for avid hikers.
Other ongoing residential projects in Wangsa Maju/Taman Melawati include Residensi Permata (2022), Sinaran (2022), Upperville @ 16 Quartz (2022), PV9 Residence (2022), and M Adora (2024). Here’s a look at properties in/close to Taman Melawati.
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
LEA By The Hills by OSK Property |
Leasehold |
Condominium |
N/A |
951 sq ft & 1,159 sq ft |
From RM500,000 |
Sunway Rydgeway by SunwayMas Sdn Bhd |
Leasehold |
Landed residential |
2012 |
4,808 – 5,481 sq ft |
From RM2.9 million |
Saville @ Melawati by MKH Bhd |
Freehold |
Serviced Residences & Retail |
2013 |
901 sq ft – 1,253 sq ft (standard units) |
From RM350,000 |
Sunway Montana by Sunway Properties |
Freehold |
Townhouses |
2015 |
2,293 sq ft – 4,340 sq ft |
From RM1.46 million |
The Veo, KL East by Sime Darby Property Bhd |
Freehold |
Serviced Residence |
2016 |
753 – 1,442 sq ft |
From RM480,000 |
Leasehold |
Condominium |
2017 |
1,085 sq ft – 2,266 sq ft |
From RM638,000 |
|
Serini Melawati by Sime Darby Property Bhd |
Freehold |
Serviced Apartment |
2018 |
633 sq ft – 1,494 sq ft
|
From RM540,000 |
Nadayu 63 by Nadayu Properties |
Leasehold |
Serviced Apartment |
2019 |
557 sq ft – 1,126 sq ft |
From RM420,000
|
Freehold |
Condominium |
2019 |
1199 sq ft – 2,454 sq ft
|
From RM855,760
|
|
Freehold |
Serviced Apartment |
2020 |
651 sq ft, 850 sq ft & 865 sq ft |
From RM516,888 |
|
Quarza Residence @ KL East by Sime Darby Property |
Freehold |
Serviced Apartment |
2020 |
651 sq ft – 865 sq ft
|
From RM536,000
|
Leasehold |
Condominium |
2024 |
850 sq ft – 1,200 sq ft |
From RM468,000 |
Summary
The developer has continued to see strong interest in the market, especially among first-time and value-oriented home-seekers. There’s demand for reasonably priced new properties with well-designed facilities within the Taman Melawati locale.
With the launch of the OSK Essential Homes 2021 series, the developer opines that they are responding to the demand gap for homes that are well within the M40 market range and at the same time, support the government’s aspirations under Budget 2021 to increase homeownership among Malaysians.
The projects covered under the OSK Property campaign include new launches such as Iringan Bayu in Seremban, Yarra Park in Sg. Petani, Kedah, MIRA at Shorea Park in Puchong, and LEA By The Hills.
So, if you’re interested in a unit at LEA By The Hills, here are its estimated loan figures for one that’s priced RM500,000.
- LTV / margin of finance: 90%
- Loan amount: RM450,000
- Loan term: 35 years
- Interest rate: 3.2%
- Monthly repayment: RM1,782
- Approximate required gross annual income: RM71,500*
Want to change the loan figures? Use these calculators:
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* Assumptions: You have no other monthly debt obligations, and 30% of gross income will be spent on the housing loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.
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