The Wave, Kota Laksamana Jaya
The Wave (also known as The Wave Residence) is a leasehold mixed commercial & condominium development located in Kota Laksamana Jaya, Kota Laksamana. There are 450 condominium units available at this project with built-up from 645 sf to 1,145 sf for condominium units and 1,540 sf for shop-offices. It was developed by Faithview Group with a launch price of around RM800 psf for condominium units, and was completed about 2016.
Faithview Group is a mid-sized real estate group, and it has undertaken around 8 real estate projects in Malaysia. Other similar projects by the same developer are Gangsa Jaya, Kayangan Villas, Melaka Boulevard, Pusat Komersial Perwira, Pusat Perniagaan Gangsa, Pusat Perniagaan Putra Sentosa and Taman Klebang Utama.
This mixed commercial & condominium development has some amenities nearby, such as schools and universities. The following are some of the major schools here:
- Methodist Girls School
- SJK (C) Chung Kuo
- SK (P) Methodist 1 (M)
- SK (P) Methodist 2
- SMK (P) Methodist Melaka
- SMK Perempuan Methodist (M)
- Sekolah Antarabangsa Melaka
- Sekolah Tinggi Methodist
The current rental yield of The Wave is 4.36% for condominium units. The highest rental yield ever recorded was 7.88% in Q3 2018 (condominium); while the lowest one was 3.69% in Q3 2021 (condominium). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size (built-up) combination at The Wave for condominium 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 RM390 psf.
Lastly, the most popular layout and size (built-up) combination at The Wave for shop-offices is 1,540 sf with a median price of RM900 psf. For price wise, the most expensive one is 1,540 sf with a median price of RM900 psf; while the cheapest one is 1,540 sf with a median price of RM900 psf.
Latest The Wave for sale listings:
| Date | Type | Built-up | Price |
|---|---|---|---|
| 26 Nov 2021 | Condominium | 644 sf | RM310,000 |
| 13 Nov 2021 | Condominium | 645 sf | RM393,000 |
| 8 Nov 2021 | Condominium | 1,131 sf | RM445,000 |
| 10 Oct 2021 | Condominium | 625 sf | RM330,000 |
| 25 Sep 2021 | Shop-Office | 1,540 sf | RM1,380,000 |
| 18 Sep 2021 | Condominium | 645 sf | RM360,000 |
| 5 Sep 2021 | Condominium | 645 sf | RM338,000 |
| 6 Aug 2021 | Condominium | 645 sf | RM330,000 |
| 5 Aug 2021 | Condominium | 1,145 sf | RM364,900 |
| 26 Jul 2021 | Condominium | 645 sf | RM322,000 |
Latest The Wave for rent listings:
| Date | Type | Built-up | Rental |
|---|---|---|---|
| 12 Dec 2021 | Condominium | 645 sf | RM1,200 |
| 1 Dec 2021 | Condominium | 688 sf | RM1,200 |
| 30 Nov 2021 | Condominium | 645 sf | RM1,100 |
| 20 Nov 2021 | Condominium | 1,131 sf | RM1,500 |
| 16 Nov 2021 | Retail | 1,540 sf | RM1,900 |
| 13 Nov 2021 | Condominium | 645 sf | RM1,800 |
| 10 Nov 2021 | Condominium | 1,131 sf | RM1,600 |
| 7 Nov 2021 | Condominium | 645 sf | RM1,200 |
| 7 Nov 2021 | Condominium | 625 sf | RM1,300 |
| 4 Nov 2021 | Condominium | 645 sf | RM1,200 |
It's strategically located, 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.