The Wave, Kota Laksamana Jaya
The Wave (also known as The Wave Residence) is a leasehold mixed apartment & commercial development located in Kota Laksamana Jaya, Kota Laksamana. There are 450 apartment units available at this project with built-up from 645 sf to 1,131 sf for apartment units. It was developed by Faithview Group with a launch price of around RM800 psf for apartment units, and was completed about 2016.
Faithview Group is a mid-sized real estate group, and it has undertaken around 6 real estate projects in Malaysia. Other similar projects by the same developer are Gangsa Avenue, Kayangan Villas, Melaka Boulevard, Pusat Perniagaan Putra Sentosa and Taman Klebang Utama.
The only amenities nearby this mixed apartment & commercial development are some schools. Some of the schools here are Melaka International School, Methodist Girls School, Methodist Secondary School (Anglo Chinese), SJK ( C ) Chung Kuo, SJK (C) Chung Kuo, SK (P) Methodist 1 (M), SK Methodist Acs (M), SK Tengkera 1&2, SK Tengkera Dua, SK Tengkera Satu, SMK Methodist (Acs) Melaka (M) and SMK Perempuan Methodist (M).
The current rental yield of The Wave is 7.36% for apartment units. The highest rental yield ever recorded was 7.88% in Q3 2018 (Apartment); while the lowest one was 4.16% in Q1 2019 (Apartment). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at The Wave for apartment units is 2-bedroom / 645 sf with a median price of RM560 psf. For price wise, the most expensive one is 2-bedroom / 645 sf with a median price of RM560 psf; while the cheapest one is 2-bedroom / 1,131 sf with a median price of RM350 psf.
Latest The Wave for sale listings:
| Date | Type | Built-up | Price |
|---|---|---|---|
| 1 Dec 2020 | Condominium | 645 sf | RM393,000 |
| 25 Nov 2020 | Condominium | 645 sf | RM380,000 |
| 24 Nov 2020 | Condominium | 645 sf | RM368,000 |
| 8 Nov 2020 | Condominium | 645 sf | RM460,000 |
| 8 Nov 2020 | Condominium | 645 sf | RM418,000 |
| 8 Nov 2020 | Condominium | 1,145 sf | RM606,000 |
| 8 Nov 2020 | Condominium | 645 sf | RM290,000 |
| 8 Nov 2020 | Condominium | 645 sf | RM360,000 |
| 4 Nov 2020 | Condominium | 1,131 sf | RM364,900 |
| 27 Oct 2020 | Condominium | 645 sf | RM388,000 |
Latest The Wave for rent listings:
| Date | Type | Built-up | Rental |
|---|---|---|---|
| 11 Jan 2021 | Condominium | 654 sf | RM1,200 |
| 27 Dec 2020 | Condominium | 645 sf | RM950 |
| 16 Dec 2020 | Condominium | 645 sf | RM1,200 |
| 15 Dec 2020 | Condominium | 645 sf | RM1,200 |
| 6 Dec 2020 | Condominium | 645 sf | RM1,300 |
| 1 Dec 2020 | Condominium | 692 sf | RM1,500 |
| 1 Dec 2020 | Condominium | 645 sf | RM1,800 |
| 30 Nov 2020 | Condominium | 645 sf | RM1,000 |
| 24 Nov 2020 | Condominium | 645 sf | RM1,200 |
| 23 Nov 2020 | Condominium | 644 sf | RM1,300 |
Its strategically located. Everything is within short distance, near to many attractions in Melaka. The room is super comfy and beautifully decorated. Spacious with great sea view. However, the pool has a strict dress code to obey.