Kota Laksamana, Melaka · Completed 2016 · Subsale
The Wave Residence
A 26-storey serviced residence of 450 units by Faithview Group in Taman Kota Laksamana, with compact 645 sq ft homes and larger 3-bedroom units of about 1,131 sq ft.
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The Wave Residence at a glance
Every figure here comes from the developer, the government housing register or the property records named at the foot of the page. Where sources disagree, the range is shown. Where nobody has published a number, it is not on this page.
Development
The Wave Residence
By Faithview Group
Address
Jalan KLJ 5
Taman Kota Laksamana Jaya, 75200 Melaka
Tenure
Leasehold
Lease expiry not published; check the title
Completed
2016
PropertyGuru and iRumah
Building
1 block, 26 storeys
Units
450
EdgeProp, PropertyGuru and iRumah
Layouts
645–1,145 sq ft
Mostly 2-bedroom 645 sq ft units; 3-bedroom units of about 1,131 sq ft
Foreign buyers
Generally not eligible
Most asking prices are below Melaka’s RM500,000 strata minimum
Why this address
Four things buyers weigh at The Wave Residence
An affordable city-edge flat with an active rental market. Here is the case, and the catch.
A low entry price
Most units on sale are 645 sq ft 2-bedroom homes asking about RM210,000–250,000.
Near the city
PropertyGuru places AEON, SK Tengkera 1 and Melaka International School within about 3 km, with Mahkota Medical Centre also nearby.
Resort-style facilities
Residents share a pool, gym, clubhouse, rooftop garden, running track and BBQ area, with 24-hour security.
What to weigh: a crowded small-unit market
With 450 units and dozens of listings, the 645 sq ft units compete hard for buyers and tenants. Ask about any short-stay rules and how many units sit empty.
The development
The Wave Residence, decoded
One 26-storey block of 450 units. EdgeProp classes it as a serviced apartment development.
Facilities
As listed by PropertyGuru.
Water
Pool
- Swimming pool
- Changing rooms
Active
Fitness
- Gymnasium
- Running track
Residents
Shared spaces
- Clubhouse
- Rooftop garden
- BBQ area
- Children’s playground
- Covered car park
- 24-hour security and CCTV
Where the project is now
Layouts
All 5 The Wave Residence layouts
5 layout types, from 645 to 1,145 sq ft. Sizes from the developer’s published plans, checked October 2026. Other layouts may exist; ask for the full list. Tap any layout and the drawing comes to your WhatsApp.
Price and rent by layout
What each layout is asking at The Wave Residence
Asking prices and rents seen on iProperty and PropertyGuru in October 2026, matched to each layout by size. Asking prices are not sale prices; compare them with the recorded transactions above.
| Layout | Size | Asking price | Asking rent | Listings |
|---|---|---|---|---|
| 2 bedrooms | 645 sq ft | RM210,000–230,000 | RM1,000–1,300/mo | 10 |
| 3 bedrooms | 1,131 sq ft | RM480,000 | RM1,299–2,000/mo | 4 |
| – | about 600–700 sq ft | – | RM1,000/mo | 1 |
Location & connectivity
Where The Wave Residence sits
Jalan KLJ 5, Taman Kota Laksamana Jaya, 75200 Melaka.
The recorded numbers
The price numbers
Recorded sales and asking prices are different things. Transacted figures come from deals recorded with the government valuation department; asking figures are what owners or the developer are listing at.
| Measure | Figure | Source and date |
|---|---|---|
| Asking price for sale, 645–1,135 sq ft (19 listings) | RM190,000–499,000 · most 645 sq ft units RM210,000–250,000 | Mudah listings, Jul–Oct 2026 |
| Asking price per sq ft | About RM264–450 psf | PropertyGuru, Oct 2026 |
| Asking rent studio to 3 bedrooms (38 listings) | About RM1,000–2,000 a month | PropertyGuru listings, Oct 2026 |
EdgeProp showed no recorded sales for the last 48 months when we checked. All rows are asking prices from listings, not transactions.
Track record
About Faithview Group
The Wave Residence was developed by Faithview Group, according to PropertyGuru, EdgeProp and iRumah.
EdgeProp places it off Taman Kota Laksamana, in the Melaka Raya area.
Around the building
What is near The Wave Residence
The closest places on the map, measured in a straight line from the building. Driving distances are longer.
🚉 Getting around
- Melaka Sentral~3.1 km
🛍️ Malls
- The Shore Mall~2.1 km
- Mahkota Parade~2.3 km
- Dataran Pahlawan Melaka Megamall~2.3 km
🎓 Schools
- Sekolah Menengah Kebangsaan (Perempuan) Methodist~600 m
- Sekolah Kebangsaan (Perempuan) Methodist (1)~600 m
- SK Tengkera 1 & 2~800 m
- Anglo-Chinese School~900 m
🏛️ Colleges and universities
- Melaka College of Science & Management~1.4 km
- Kolej Profesional MARA Bandar Melaka~1.7 km
- Oriental Nilam College of Nursing and Health Sciences~1.9 km
🏥 Hospitals
- Klinik Kesihatan Tengkera~1.6 km
- Oriental Melaka Straits Medical Centre~2.2 km
- Putra Specialist Hospital~2.3 km
Map data © OpenStreetMap contributors. Names as recorded on the map; check opening and enrolment details yourself.
Is it for you?
Which kind of buyer are you?
The same building suits different people for different reasons. Pick the line that sounds like you.
🏠 Living here yourself
Layouts here run from about 645 to 1,145 sq ft. Ask me which stacks get the better view and the least afternoon sun; that changes the price more than the floor.
💰 Buying to rent out
Compare the recorded rents in "The price numbers" above with the instalment on your loan. Smaller layouts usually rent faster; larger ones hold tenants longer.
👨👩👧 Family with children
Check the school and clinic distances in the location section, the number of car parks per unit and how busy the lifts are at 7.30 am.
✈️ Buying from overseas
Foreigners can only buy above the state minimum price and pay 8% stamp duty from 2026. Ask me which units here qualify before you shortlist.
Straight talk
What I will not hide from you
Every project has trade-offs. These are the ones I would want to know before paying a deposit.
- ⚠️ A newer project, so many owners are renting out at the same time. Expect competition for tenants for the first few years.
- ⚠️ Leasehold title. Check how many years remain on the lease; banks lend less, and buyers pay less, as the lease gets shorter.
- ⚠️ Serviced apartments usually sit on commercial land. Utility tariffs and some loan terms can be less favourable than for a residential title.
- ⚠️ Asking prices are not sale prices. Compare any offer with the recorded transacted price per sq ft above before you commit.
The real cost
What buying here costs in 2026
Worked example for a unit at RM500,000, around the typical asking price here. Your figures will differ with the price and the bank.
| Malaysian buyer (90% loan) | Foreign buyer (70% loan) | |
|---|---|---|
| Purchase price | RM500,000 | RM500,000 |
| Down payment | RM50,000 | RM150,000 |
| Loan amount | RM450,000 | RM350,000 |
| Stamp duty on transfer (MOT) | RM9,000 | RM40,000 |
| Stamp duty on loan (0.5%) | RM2,250 | RM1,750 |
| Lawyer, sale agreement (incl. 8% SST) | RM6,750 | RM6,750 |
| Lawyer, loan agreement (incl. 8% SST) | RM6,075 | RM4,725 |
| Cash needed before keys | RM74,075 | RM203,225 |
| State consent fee for foreigners | – | Set by each state; ask me for the figure |
Estimates only. Stamp duty: 1–4% tiers for Malaysians and PRs, 8% flat for foreigners from 1 Jan 2026. Legal fees follow the Solicitors’ Remuneration Order 2023. First-time Malaysian buyers of homes up to RM500,000 may get a stamp duty exemption until 2027. Valuation, disbursements and moving costs are not included.
Get these numbers for a real unitCalculate my exact costs →Straight answers
Frequently asked questions
How many units are there and how big are they?
450 units in one 26-storey block. Most are 645 sq ft 2-bedroom units; 3-bedroom units are about 1,131 sq ft.
Is The Wave Residence freehold?
No. Portals list it as leasehold. A title search will confirm the expiry.
Can a foreigner buy here?
In Melaka a foreigner may buy a strata home priced above RM500,000, with State Authority consent through the Melaka Land and Mines Office. The state charges a RM5,000 processing fee and a 3% approval fee (minimum RM30,000), the unit cannot be sold or leased for five years, and foreign ownership is barred in the Heritage Area. Stamp duty on the transfer of a home is a flat 8% for foreign buyers from 1 January 2026. Asking prices here are mostly RM190,000–499,000, so units are generally not open to foreign buyers.
How much does it rent for?
Listings ask about RM1,000 to RM2,000 a month: around RM1,200–1,300 for the 645 sq ft units and RM1,900–2,000 for 3-bedroom units (October 2026).
Berapa harga The Wave Residence?
Harga tawaran semasa sekitar RM190,000 hingga RM499,000; kebanyakan unit 645 kaki persegi ditawarkan RM210,000 hingga RM250,000 (Mudah, Julai–Oktober 2026). Hartanah ini pajakan dan siap pada 2016.
The Wave Residence 价格多少？租金多少？
根据Mudah，目前挂牌价约RM19万至RM49.9万，多数645平方尺单位约RM21万至RM25万；月租约RM1,000至RM2,000。租约地契，2016年完工。
Which schools are near The Wave Residence?
On map data, the nearest schools are Sekolah Menengah Kebangsaan (Perempuan) Methodist (~600 m), Sekolah Kebangsaan (Perempuan) Methodist (1) (~600 m), SK Tengkera 1 & 2 (~800 m). Distances are straight-line from the building.
Is there a train or bus station near The Wave Residence?
The nearest stations on map data are Melaka Sentral (~3.1 km).
What is the nearest hospital and mall to The Wave Residence?
The nearest hospital on map data is Klinik Kesihatan Tengkera (~1.6 km), and the nearest mall is The Shore Mall (~2.1 km).
How much cash do I need to buy at The Wave Residence?
For a unit at RM500,000,, a Malaysian buyer with a 90% loan needs about RM4,725 before getting the keys, covering the down payment, stamp duty and legal fees. A foreign buyer with a 70% loan needs about RM74,075, before the state consent fee. The full table is in "What buying here costs in 2026".
Compare
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View project →Get the current price list and units available at The Wave Residence
Prices move and the better units go first. Tell me your budget and whether you are buying to live in or to rent out, and I will send back the units that fit, not a generic brochure.
Buying, selling or renting: one conversation, no obligation.
Jason Lim
10 years in Malaysian property · Johor Bahru & Kuala Lumpur · REN 84424 · IQI Realty Sdn. Bhd. E (1) 1584/6
I work with local families, investors and buyers from Singapore and overseas. If a project is not right for what you need, I will say so; that is usually worth more than the brochure.