GEM Residences Prai Penang
GEM Residences, is upcoming commercial development occupying 5.34 acres by Belleview Group at Prai, Penang. It is part of the company’s 20 acres mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in northern region – GEM MegaMall.
GEM Residences includes two 38-storey commercial towers offering 978 Residential units, with built-up size between 441 sq.ft. to 1,445 sq.ft. There’ll be wide variety of facilities and amenities located at the Sky Garden on 38th floor and the Sports & Recreational Club on 8th floor.
Project Overview:
Project Name : GEM Residences
Location : Jalan Baru, Prai, Penang
Property Type : Mixed Development
Tenure : Freehold
Total Units : 978 (SOHO) – Commercial with Residential Title.
Built-up Size: 441 sq.ft. – 1,445 sq.ft.
Developer : Belleview Group
GEM Residences Google Earth top View
GEM Residences @ Prai master plan
GEM Residences @ Prai Top View.
GEM Residence @ Prai Penang layout plan:
With total of 978 units, GEM Residence unit layout breakdown will be as below:
GEM Residences tower details
GEM Residences consist of 4 tower, identified by the name Coral, Ruby, Sapphire and Diamond.
As of now, Only CORAL tower and Ruby tower are open for sale.
Sapphire and Diamond tower will only be launch when Coral and Ruby tower sold off. It is expected to have minimum of 5% price increase on Sapphire and Diamond since the name inidicate higher ranking within GEM STONE.
Below the 4 tower, it will have 15 units of Shops on the ground floor. On ground floor, it will have zebra road access towards GEM megamall by accessing SOGO main entrance.
There’s only 1 Unit of 441 sqft on every floor and it has already Fully SOLD OUT.
Studio Type A: 441 sqft 1 Bedroom 1 bathroom
***Updates : Quick link to view type B1 Showroom Video.
Type C1 (1162 sqft), C2 (1196 sqft) & C3 (1445 sqft) 3 bedroom 2 bathroomwith balcony
***Updates : Quick Link to view Type C1 showroom video.
***Updates : Quick Link to view Type C3 showroom video.
The design, Amenities are upgraded from All Season Air Itam, and with the BIGGEST MALL beside the Condo, the starting price PSF is from RM500.
Packages:
- Low downpayment
- Expected Maintenance fee RM0.23 psf+ 10% SF
- Free SPA and Loan Documentation
- HOC compliance campaign. **T&C Apply subject to HOC approval.
- Interest subsidies program to be disclose.
- Booking fee: RM1000
Site constuction Progress:
GEM MEGAMALL
GEM Megamall will have approximately 12 mil sqft let-able area. Bigger than current Queensbaymall, with only 900k sqft let-able area.
The Confirmed Anchor tenant so far are GSC with 20 screen and SOGO.
With 20 Screens, it is the biggest GSC outlet in Northern Region. Upon 20 Screens, IT IS THE FIRST IN MALAYSIA to have 2 IMAX screening for better movie experience.
This is also the First ever Outlet SOGO set foot in Northern Region. FYI Sogo Malaysia achieved Revenue of RM800 mil on 2018, making it number 1 in the ranking, after Isetan.
There’ll also be 30k sqft Olympic size ice skating Room within GEM Megamall, managed by a Japanese company with all the Ice Skating related courses.
As this is the joint venture with SG LTC group, we can expect more and more Singapore Retail to land a retail outlet in GEM Megamall.
Verdicts:
The project is at absolute strategic location. GEM Megamall is capable of replace, refresh and to Upgrade the shopping experience at Mainland Prai. Also with the location, you are very likely to have panoramic seaview of Penang Island. With Ixora hotel leading the Prai hotel experience, GEM masterplan also will have a 4 star hotel that’ll stirred up the hotel competition for better.
Although the Price PSF is on the higher side, the Premium Lifestyle is worth every single Cent you paid for.
Imagine for a factory worker who just got back from Penang Bridge, it took only 7mins to reach the door step, walking downstair for coffee session or dinner, and ultimately end the day with a midnight movie with walking distance back to your own Unit.
On Weekend, enjoying the Olympic size pool with Penang Island Seaview in the morning, then take a 5 mins walk to GEM for Grocery shopping, while bringing your children for ice skating lesson.
Plus, with the price affordability at Penang Island getting slimmer, PGnites started to look for alternative in mainland. GEM Residence is THE ONLY projects in Mainland that OFFERS full flange condo facilities with lifestyle.
This is INDEED the leading lifestyle that current Generation Desired~
If you are looking for a place to stay or to invest, this is a perfect timing as the pricing should readjust after the General Election, and subsequently readjust again when the other 2 remaining tower launched.
Interested Candidates are strongly advise to drop your enquiry .
OR
Inbox to our facebook Fan page and our crew will get in touch with you shortly.
OR
If you prefer whatsapp, OR call do reach out to 017-406 6576 (Mr Siaw)to find out more.
Why Engage PropXpress?
- 0 Agent Fee
- Developer Appointed Marketing Agent
- Value added Full Fledge service
- Good Relationship with Banker and Developer
- Renovation Expert Consultant