Project Name - GEM Residences Perai | Freehold Luxury Condo next to GEM Mall Penang

GEM Residences Perai | Freehold Luxury Condo next to GEM Mall Penang

GEM Residences is a high-rise freehold serviced residence located along Jalan Baru in Perai, Penang. Developed by the Belleview Group, it is designed as a "lifestyle-centric" project and is a key component of a 20-acre mixed development that includes the future GEM Megamall (set to be the largest mall in Northern Malaysia).

The development was completed between late 2023 and 2024, offering modern living spaces with a heavy emphasis on luxury amenities.

## 1. Project Specifications

Feature & Details

Tenure: Freehold

Land Title: Commercial (under HDA)

Total Towers: 4 Towers (Coral, Ruby, Sapphire, Diamond)

Storeys: 38 Floors

Total Units: 978 Units

Maintenance Fee: Approx. RM 0.22 per sq. ft.

## 2. Unit Layouts

GEM Residences offers a variety of sizes, catering to single professionals and large families alike:

Type A (Studio): 441 sq. ft. (1 Bed, 1 Bath)
Type B1 & B2: 1,050 – 1,101 sq. ft. (3 Beds, 2 Baths)
Type C1 & C2: 1,162 – 1,196 sq. ft. (3 Beds, 2 Baths)
Type C3: 1,445 sq. ft. (3+1 Beds, 2 Baths)

## 3. Key Facilities

The project features over 40 luxury facilities spread across two main areas:

Level 8 (Sports & Recreational Club): Features an Olympic-sized "Ocean Pool", aqua gym, signature fitness center, jumbo chess board, BBQ pavilion, and a jogging track.
Level 38 (Sky Park): A rooftop garden offering 360-degree views of Penang Island and the Penang Bridge. It includes a sky jacuzzi, viewing pavilion, and sky lounge.
Security: Advanced 5-tier security system for resident peace of mind.

## 4. Strategic Location & Connectivity

Its location in Perai makes it a central hub for those working on both the mainland and the island:

Shopping: Literally next to the upcoming GEM Megamall (featuring SOGO and a 20-screen GSC cinema). It is also minutes away from Sunway Carnival Mall and Pacific Megamal.
Transport: 4km (approx. 5-8 mins) to the Penang Bridge; close to the Butterworth-Kulim Expressway (BKE) and Penang Sentral (transportation hub).
Industry: 10 mins to the Prai Industrial Zone and Auto City/Juru.

## 5. Pricing Insights (Estimated)

Launch Price: Originally started from approximately RM 350,000+ for studios and RM 500,000+ for 3-bedroom units.
Current Market: Resale and new units generally range between RM 450 to RM 550 per sq. ft. depending on the floor and view.

GEM RESIDENCES CONDO @ Properties

CONDOMINIUM at GEM RESIDENCES CONDO , PRAI

PRAI, PENANG MAINLAND

RM 2,900.00

CONDOMINIUM at GEM RESIDENCES CONDO , PRAI

PRAI, PENANG MAINLAND

RM 1,900.00

Sorry, we didn't found any sale property listing @ GEM RESIDENCES CONDO

Frequently asked question

1. Is GEM Residences a residential or commercial title?

While it is technically a "Service Residence" (Commercial Title under HDA), it is governed by the Housing Development Act, meaning it is protected like a residential property. Utilities are often at commercial rates unless converted.

2. How many car parks are provided per unit?

Typically, studio units come with 1 car park, while the 3-bedroom and larger units come with 2 to 3 car parks.

3. What is the proximity to the Penang Bridge?

It is highly accessible, located approximately 4km (about a 5-10 minute drive) from the first Penang Bridge.

4. What will be in the GEM Megamall next door?

The mall is planned to feature the first SOGO department store in the north, an Olympic-sized ice skating rink, a 20-screen GSC cinema, and a 38-lane bowling alley.

5. Are the units furnished?

Standard developer units are usually sold unfurnished or partially furnished. However, because the project is completed, many units on the sub-sale or rental market are fully renovated.