Property Review Video Contributed by iherng
The Ridge is a luxury serviced residence development located in Taman Melawati, Kuala Lumpur. Slated for completion in 2020, this freehold development is surrounded by natural rainforests, parks and gardens.
Perched on the foothills of the Klang Gates Quartz Ridge - the longest quartz ridge in the world, living at The Ridge means one can revel on the sights and sounds of natural rainforests amidst living an urban lifestyle.
Consisting of 3 unit layouts (651 sf to 865 sf) to match different needs, this serviced residence is ideal for those who seek easy convenience with quick access to KL East Mall, directly below the residence The mall is tenanted by Jaya Grocer, Harvey Norman, H&M, Blue Ice Skating Rink, MBO Cinemas, Toys R' Us, Factory Outlet Store and Café Chef Wan.
There is a comprehensive variety of facilities offered at The Ridge such as a 50m lap pool, fitness corner, aqua gym, 700m jogging track, futsal court, half-basketball court, family pool, wading pool, children’s pool, children’s playground, BBQ area, terrace garden, and many more.
With ten surrounding schools, colleges and universities, including the KYS KL East International School within the KL East development, the Ridge's holistic approach to convenient urban living is further amplified. Some other institutions include Sekolah Kebangsaan Taman Melawati 1 & 2, SMK Taman Melawati, SMK Wangsa Maju, University Tun Abdul Razak UTAR and Islamic International University of Malaysia (IIUM).
A perfect abode for settling urbanites, connectivity abounds with covered walkways to the Gombak Integrated Transport Terminal (GITT) - an interconnected hub with a network of LRT and buses, as well as great accessibility to six major highways.
Residents can travel around using the Second Middle Ring Road (MRR2), Duta - Ulu Kelang Expressway (DUKE), Ampang - KL Elevated Highway (AKLEH), Karak Expressway and more. One can also opt for the Park n Ride facility and shuttle bus service to Genting Highland.
The Ridge is the epitome of quintessential living and is the only premium development in its neighborhood with a Kuala Lumpur address.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| The Ridge @ KL East | May 2020 |
RM750,000
-
RM1,200,000
RM 867 psf - RM 1,387 psf |
RM2,199 - RM2,199 | NIL | 3.69 % |
| The Veo | Apr 2016 |
RM480,000
-
RM2,800,000
RM 471 psf - RM 725,000 psf |
RM1,600 - RM1,600 | NIL | 2.63 % |
| Sunway Montana | Oct 2015 |
RM1,180,980
-
RM4,500,000
RM 302 psf - RM 850,000 psf |
RM3,500 - RM3,500 | NIL | 1.9 % |
| Platinum Hill PV2 | Oct 2013 |
RM478,000
-
RM1,480,000
RM 331 psf - RM 528 psf |
RM1,500 - RM1,500 | NIL | 2.45 % |
| Saville | Oct 2013 |
RM356,000
-
RM680,000
RM 393 psf - RM 575 psf |
RM1,400 - RM1,400 | NIL | 4.52 % |
| 3 Residen | Dec 2010 |
RM499,000
-
RM1,300,000
RM 359 psf - RM 670 psf |
RM1,700 - RM1,700 | NIL | 2.47 % |
| Platinum Hill PV8 | June 2010 |
RM423,000
-
RM2,280,000
RM 185 psf - RM 541 psf |
RM1,600 - RM1,600 | NIL | 1.97 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | - |
| 500 - 1,000 SQ. FT | - | RM 365,000 psf | - |
| 1,000 - 1,500 SQ. FT | RM 373 psf | - | - |
| 1,500 - 2,500 SQ. FT | RM 389 psf | - | - |
| 2,500 - 4,000 SQ. FT | RM 300 psf | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 51,688 |
| Loan Amount ( 90 %) | RM 465,199 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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