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.

Property Type
Mixed Commercial & Condominium
Land Tenure
Leasehold
Built-up
645 sf - 1,145 sf (Condominium)
1,540 sf (Shop-Office)
Market Price
RM360,000 - RM570,000 (Condominium)
RM1,390,000 (Shop-Office)
Density
450 Condominiums
Completed In
2016
Launch Price
RM800 psf (Condominium)

This mixed commercial & condominium development has some amenities nearby, such as schools and universities. The following are some of the major schools here:

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:

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 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.

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 for sale listings:

DateTypeBuilt-upPrice
26 Nov 2021Condominium644 sfRM310,000
13 Nov 2021Condominium645 sfRM393,000
8 Nov 2021Condominium1,131 sfRM445,000
10 Oct 2021Condominium625 sfRM330,000
25 Sep 2021Shop-Office1,540 sfRM1,380,000
18 Sep 2021Condominium645 sfRM360,000
5 Sep 2021Condominium645 sfRM338,000
6 Aug 2021Condominium645 sfRM330,000
5 Aug 2021Condominium1,145 sfRM364,900
26 Jul 2021Condominium645 sfRM322,000

Latest The Wave for rent listings:

DateTypeBuilt-upRental
12 Dec 2021Condominium645 sfRM1,200
1 Dec 2021Condominium688 sfRM1,200
30 Nov 2021Condominium645 sfRM1,100
20 Nov 2021Condominium1,131 sfRM1,500
16 Nov 2021Retail1,540 sfRM1,900
13 Nov 2021Condominium645 sfRM1,800
10 Nov 2021Condominium1,131 sfRM1,600
7 Nov 2021Condominium645 sfRM1,200
7 Nov 2021Condominium625 sfRM1,300
4 Nov 2021Condominium645 sfRM1,200
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.