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.

Property Type
Mixed Apartment & Commercial
Land Tenure
Leasehold
Built-up
645 sf - 1,131 sf (Apartment)
Market Price
RM360,000 - RM400,000 (Apartment)
Density
450 Apartments
Completed In
2016
Launch Price
RM800 psf (Apartment)

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:

Apartment Layouts

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:

DateTypeBuilt-upPrice
1 Dec 2020Condominium645 sfRM393,000
25 Nov 2020Condominium645 sfRM380,000
24 Nov 2020Condominium645 sfRM368,000
8 Nov 2020Condominium645 sfRM460,000
8 Nov 2020Condominium645 sfRM418,000
8 Nov 2020Condominium1,145 sfRM606,000
8 Nov 2020Condominium645 sfRM290,000
8 Nov 2020Condominium645 sfRM360,000
4 Nov 2020Condominium1,131 sfRM364,900
27 Oct 2020Condominium645 sfRM388,000

Latest The Wave for rent listings:

DateTypeBuilt-upRental
11 Jan 2021Condominium654 sfRM1,200
27 Dec 2020Condominium645 sfRM950
16 Dec 2020Condominium645 sfRM1,200
15 Dec 2020Condominium645 sfRM1,200
6 Dec 2020Condominium645 sfRM1,300
1 Dec 2020Condominium692 sfRM1,500
1 Dec 2020Condominium645 sfRM1,800
30 Nov 2020Condominium645 sfRM1,000
24 Nov 2020Condominium645 sfRM1,200
23 Nov 2020Condominium644 sfRM1,300
1 user comments on The Wave
Winnie
24 Nov 2020 @ 2:39 PM

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.