GEM Residences
GEM Residences, an upcoming commercial development by Belleview Group at Prai, Penang. It is part of the company’s 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in northern region – GEM Mall, the tenant mix include SOGO (first and largest departmental store in the northen region at 212,000 sq.ft.) and a supermarket (largest at 50,000 sq.ft.).
This development comprises two 38-storey commercial towers offering 978 SOHO units, with built-up size ranging from 441 sq.ft. to 1,445 sq.ft. A wide variety of facilities and amenities located at the Sky Garden on 38th floor and the Sports & Recreational Club on 8th floor.
Project Name : GEM Residences
Location : Jalan Baru, Prai, Penang
Property Type : Mixed Development
Tenure : Freehold
Total Units : 978 (SOHO)
Indicative Price : RM351,800 onwards
Built-up Size: 441 sq.ft. – 1,445 sq.ft.
Developer : Belleview Group & LTC Group
Register your interest here
Location Map:
How much the price ???
@Prospect
500psf onwards
@Ruby Tower Purchaser
Thanks for the info
Its commercial tittle…and Rm500 per sqft it was abit expensive for here
500psf in Butterworth???
Don’t purchase any unit from this developer! My cousin bought a three storey terrace unit from this developer in Penang Island , After the house inspection done, he found that rain water was leaking from the 2nd floor concrete slab and the concrete slab on top of the car porch !!! At the request of the site manager , my cousin signed on the inspection document with the guarantee by the site manager that he will carry out all the repair on those problem areas [due to the reason that there is only another month for him to settle all the inspection documents ]. Of cause he done what he promised and sent two Banglas with a silicone gun just to seal all the cracks on the concrete slabs .Whenever the rain comes , the water starts to leak again !After numerous requests and after numerous similar actions by that two Banglas , the water leaking problems still unsolved ! My cousin spent around twenty over thousands Rm later after after the new repair done by water leaking specialist !So my advice to all is not to purchase any unit from this irresponsible developer !!!
Wow….I’m still considering want to buy their condo at pulau Tikus…. like this kind of water leak case also can not solve probably make me think twice now….
The best living area at BW is raja uda…u can easy to find a school, hawker centre, hypermarket and so on..and the most important is the area is 80% of chinese so its the best way for invest and stay
i dun know why this project can be approved, bcoz this piece of land is full of high voltage cable! and there are gas pipe undergraound too!
@Kingsmen
Raja Uda is a bit crowded at times for me. I like this place more since it’s nearer to the highway.
@Firdaus the location is nice…just the unit is commercial tittle…jalan baru also alot of condo u may look around just abit susah to find chinese hawker centre
Honestly, Raja Uda is meant for very local Pak Hai kia only, traffic there really sucks a big time of you are asking me…..and this project is located at Prai, not Butterworth..So many BM people or islanders will prefer due to convenient access…
One thing I find it not so nice is it’s too close to power station..
Another uncertain factor will be the shopping mall, if it turns out to be another Pacific Megamall couple years later after opening, then the buyers there will be very headache due to purchase at such high price, RM500/sqf onwards…
If turns out to be successful, then it’s another Queensbay mall, congratulation to the buyers ..
Raja Uda is nice for those living there for long time IMHO, Raja Uda is abit far from Island and is abit hard to travel to Penang everyday if working in Island.
Yah, u r right, their main selling point focuses on the mall only, which means success or failure all depends to the mall.
Hoping it will bigger then qbay or alor setar aman sentral mall…
The number of visitors to the mall is more crucial than the size of a mall. If the mall is larger than Q’sbay but not many visitors, it’s not impressive.
haha bangla have another mall to go…… after go pacific megamall and then can walk to GEM mall…..
This developer show house very nice but actual units quality really kanasai and defects warranty service also very bad and poor. Some more, very action also. Last time, after VP, charged me a lot fee for so-called late progress payment released by bank, though proven to them it was their admin and panel lawyer faults, given wrong documents to bank and re-do and re-send caused all the delay. Wrote letters to them also no use, they ignored your letters. They looked down on certain customers one !
Belleview Group… You can trust? Haha…. It’s top blacklist developer for me! Do your study or work in construction industry, you will discover more surprise than Malaysia 20cent PM…
Location wise it is quite good.
– very nearby to pg bridge, perai industrial area, ferry terminal and sunway mall.
– road infrastructure at jln baru also good with 3 lanes. Future lrt station also close by (if the plan materialized)
– easily accessible to various hotels (ixora, pearl view, sunway, the lights), temples/church, petrol station
– for food, there are always hawker stalls, kopitiams, restaurants and nasi kandar nearby at chai leng park, also morning and evening wet market
– other services (hair salon, car workshop, telco, electrical shop, hardware shop, chinese med shop, pharmacy, bakery, dobby, gambling centers (kuda, magnum, toto, ), etc are also easily available within 2km
Cons would be too near to high voltage tower, probably price + commercial title and does not have a good secondary school nearby.
Aman Central Mall was also built by this developer. I never been there before, any ideas how is the mall current situation?
Not sure if there will be new roads to linked up chai leng park and/or tmn siakap. If yes, then accessibility will be great (instead of just coming out to jln baru)…
location not bad, if you dont mind always need to travel the entire jalan baru till the round about for u turn.
@aun i went to alor setar sentral mall few times d, the mall is good, it have such brand as h&m, brands outlet, uniqlo, adidas nike, and alot brand qbay have…but future will be a good mall or not still dont know
@ aun. U mentioned d project is too near to high voltage tower means how near? How many km away? Tq
@SiewLaiLai
Few hundred meters away, between the Caltex and the Gem site are the cables. Actually the around megamall and the low cost flats is quite unattractive and got some crime problems. Car tires and bike helmets missing. The developer is spending a lot on advertising and big hoarding to mask these problems. They paid cheap price for the land and now goreng to the max. Most of the land next to the cables is used for public facilities like bird park and library and commercial, no one will pay premium for this location.
@SiewLaiLai.. Should have go site inspection. It is less than 100m…
@aun…u r right, should do site inspection. Tq
Too near to the high tension cable. I will not buy with record high price per sf for this location.
The developer are too greedy and the purchaser too. Better go and do thorough survey the area 1st before dump in your money. High tension cable within 50m, underground gasline, only access road thru Jalan Baru and most imprtantly RM500psft….wow plenty of cons compare to pros.
How much the price .
Already have a house (sharing name with my wife)
Looking for another house at prai gem project.
Salary Rm 3850.
Prefer full loan
High tension cable too near. Eyesore to me. I not even want to enquire.
@Arvinthan
Since you already have 1 house, you should not consider this. Should consider something better. You will regret if you buy this.
I wonder how to build the largest mall in a such small land with so many high power tower at the back??
@FV
haha, agreed
Called the developer, they claimed that the Mall MOU signed , confirmed completion on 2021
Show unit Ready SOON!Interested to know more details do not hesitate to call Jane for more details.
Confirm Sogo is coming?? If yes then this would be the address at prai area in future!!
4 blocks with very high density units. Close to huge cable towers. Next to dark and smelly river. Besides the building that look like abandoned. Surround by foreigner factory workers. Everything can view from Top Floor of “abandoned” building. Selling at RM500psft! Good luck to those purchasers.
the selling price starting from 500k ++ , wah..mainland also so expensive, better buy island
Saw Sogo logo on the fencing, must be the major tenant. But price rm700k for high voltage tower view.. *gulp*
Sogo is confirmed coming. This will be the largest mall in the Penang state, means bigger than Gurney Plaza, paragon and also QBMall!
@ES
So what even if it’s the largest mall in Penang? Hahaha…In fact, Mega Mall was the largest mall during it’s time, but look at it now! Size doesn’t matter, it’s the profile of the neighbourhood that makes the quality of a mall. If you like the convenience and location, buying for own stay is OK. But if you’re thinking of investing in a “bluechip” property for long term wealth creation, this is definitely not it.
@aun
@ES
Used to see AEON logo during Elite Height launched few years back. The developer said AEON will opened in Elite during roadshow. Look at Elite now, no sign of AEON since its Queensbay outlet is doing good. Would you bet your money on developer marketing strategy? Even Sogo in KL is not doing very well, you think it it will expand in Perai? I think if the developer mentioned Parkson, AEON or Sunshine, think more likely to happen than Sogo
Rich guy wont complain about the price only poor guy will
@Kingsmen
U think u so rich mer? knn
this is an interesting project. I went there and noticed the studio at 420 sq ft is selling like hot cake only 3 units left price around 300k. It is interest to see how many investor willing to come in and buying this project. Very nice show room units to show case their units. The developer seem solid from their previous project in Penang.
My concerned is the electric cable so close to these buildings. The mall can it survire on its own is a big question marks whether Butterworth have the population to support another mall since Sunway carnival is the biggest and most busy mall so far. Along the road of Jalan Baru many new condominiums are coming up price target toward 390k to 550k. I think the developer seem to know what there are doing ? I am curious to find out how the market will react.
The overall price increase in the island have make many younger population to find more affordable property in Butterworth. One thing that many of us dont see is the sudden increase in population in our area , something that most of us miss out. It is overall interesting to see how this GEM residence will perform.
Gd 700 psf, finally mainland property gt value or islander keep said mainland property no value cant invest, now gt value fast come sapu?
@franck
You said ….” I think the developer seem to know what there are doing ?” –> not really, for their last project, Moulmein Rise, the developer priced the units too high, resulting in many unsold units. Even for their mid-cost project in Farlim, most secondary market transactions are being done below developer price.
Batu Kawan will be a more comfortable place to stay, especially with Ikea/Ikano coming. For long term investment, GEM is not good because decent families will not be buying such small units, end up most of these units will be used for “immoral” activities.
I have 1 unit 1549sqft at Seberang Jaya to let go. Pls contact me at nkun123@hotmail.com. Direct owner. Thanks.
Batu Kawan has much more value. Anyway, developers all earn a lot lately, they are able to take higher risk.
Delivered bad quality and water leaking units, greedy developer want to suck blood again.Good luck to all purchasers.
how is the sales for this project?
Is it GEM project on hold? any new for it? political issue?
Any buyer have been signed SNP?
As of August 2019, there is still no groundwork done.
They claimed sold 100% of 2 towers and 90% for another 2 towers. So far no work done.
Bullshit this developer.