The Wave, Kota Laksamana Jaya

The Wave (also known as The Wave Residence) is a leasehold mixed commercial & condominium development that is located in Kota Laksamana Jaya, Kota Laksamana. There are 450 condominium units available at this condominium 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 in around 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.

Property Type
Mixed Commercial & Condominium
Land Tenure
Leasehold
Built-up
645 sf - 1,145 sf (Condominium)
1,540 sf (Shop-Office)
Market Price
RM280,000 - RM500,000 (Condominium)
RM1,390,000 (Shop-Office)
Total Units
450 Condominiums
Completion Date
2016
Launch Price
RM800 psf (Condominium)

The only amenities nearby this mixed commercial & condominium development are some schools. Some of the schools here are Methodist Girls School 2, SJK (C) Chung Kuo, SK (P) Methodist 1, SMK (P) Methodist and Sekolah Antarabangsa Melaka.

The current rental yield of The Wave is 4.39% 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:

Condominium Layouts

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 RM430 psf. For price wise, the most expensive one is 3-bedroom / 1,145 sf with a median price of RM440 psf; while the cheapest one is 2-bedroom / 1,131 sf with a median price of RM330 psf.

Shop-Office Layouts

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 sale listings:

TarikhJenis HartanahBinaanHarga
5 Jul 2024Condominium1,131 sfRM333,900
5 Jul 2024Condominium1,131 sfRM280,700
5 Jul 2024Condominium645 sfRM198,500
20 Jun 2024Condominium645 sfRM280,000
27 May 2024Condominium645 sfRM358,000
25 May 2024Condominium645 sfRM245,000
16 May 2024Condominium-NA-RM333,000
13 May 2024Condominium645 sfRM315,000
7 May 2024Condominium645 sfRM398,000
6 May 2024Condominium1,131 sfRM388,000

Latest The Wave rental listings:

TarikhJenis HartanahBinaanSewaan
25 Jun 2024Condominium645 sfRM1,200
25 Jun 2024Condominium900 sfRM1,300
22 Jun 2024Condominium700 sfRM1,200
21 Jun 2024Condominium650 sfRM1,600
21 Jun 2024Condominium645 sfRM1,400
20 Jun 2024Condominium645 sfRM1,000
19 Jun 2024Condominium650 sfRM1,200
19 Jun 2024Condominium645 sfRM1,200
18 Jun 2024Condominium645 sfRM1,200
10 May 2024Condominium645 sfRM1,300
1 user comments on The Wave
Winnie
24 Nov 2020 @ 2:39 PM

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.