GEMSTONES are a reflection of luxury and elegance. Rare and valuable, they sparkle and entice and have remained the desire of many since time immemorial. All these attributes and more are found in the architectural jewel that is GEM, a prestigious mixed development by the reputable Belleview Group.

Located in the heart of Prai on mainland Penang, GEM is primed as the new landmark destination up north, a new urban hub where people live, work, meet, connect and play. The 20-acre undertaking, with frontage to the bustling Jalan Baru, is poised to deliver an unrivaled A-list lifestyle with GEM Residences and GEM Megamall.

GEM Residences

Iconic on the outside and inviting on the inside, the freehold development harmoniously combines picturesque surrounds with immaculate architecture. Discover an enticing world of luxury living with the collection of well-designed modern living spaces housed within four residential blocks of 38-storey each – Coral, Ruby, Sapphire and Diamond.

There are only eight and nine units per level serviced by four dedicated lifts per tower. The flexible floor plate offers a variety of unit sizes and divisibility. Available are eight layout designs of one to four bedrooms, sized from 441 sq ft to 1,445 sq ft, that are artfully curated to meet your most exacting requirements.

Grand and inspiring, every elegant residence comes with sweeping panoramic views of the sea with the Penang Bridge, Penang Island and the cityscape of Butterworth and Bukit Mertajam. Residents will also be pampered with full condominium facilities and amenities located at the Sky Park (Level 38) and the Sports & Recreational Club (Level 8).

Relax and unwind at the viewing pavilion, Sky Lounge and jacuzzi; get some much needed exercise at the Olympic-sized ocean pool, signature gym, aqua gym and jogging track; have fun at the KTV room and jumbo chessboard, amongst others.

A radiant lobby that exudes warmth with timber laminate walls and stone-like tiles welcomes you home. Make the seamless transition from outdoor to indoor with the natural elements hinting at hidden gems designed around the lobby.

A stroke of light is strategically placed to accentuate the sparkle of a gem and also to elevate the ambience of the interior. Peace of mind is assured with the three-tier security system.

Location is everything when it comes to buying a home. GEM Residences is optimally positioned along the six-lane Jalan Baru connecting the North-South Expressway and Butterworth Outer Ring Road (BORR). Bordered by a host of amenities to provide residents with complete convenience, especially being neighbours with GEM Megamall, the development is also remarkably accessible to the Penang Bridge (a short seven minutes drive) and the Penang International Airport (30 minutes drive).

A joint undertaking with Singapore-based public listed LTC Group, GEM Residences is certainly poised to unravel a whole new standard of urban refined living.

For sales enquiry, kindly contact 04-3799999 or email to sales@belleview.com.my.
GEM Sales Gallery is open daily – 9am to 6pm on weekdays and 10am to 6pm on weekends and public holidays.

GEM Megamall

GEM Megamall is set to take its rightful place as the new iconic landmark in the heart of Prai, and as the largest and trendiest lifestyle destination in the northern region! Setting the stage for convenience and connectivity, the development will be taking lifestyle opulence to a whole new plateau by introducing many firsts to both Penangites and tourists.

A statement of success in all aspects, the mall spans 11.32 acres and extends over six levels with approximately 400 specialty shops, eight-level side fit multi-storey car park and two-level basement car park.

W ith a total net lettable of 1.2mil sq ft, it will be home to multiple mega-sized anchor and junior tenants as well as shopping precincts to seal its reputation as the next lifestyle benchmark. These include the first SOGO departmental store in the northern region, the largest Golden Screen Cinema cineplex with 20 screens, and the first Olympic-sized ice skating rink (GEM Olympic Ice) up north.

Retailers can look forward to a ready and untapped market catchment of 6.65 million population with shoppers from the surrounding northern states. Being situated in an established township, the development also enjoys intimate proximity to surrounding conveniences and amenities.

For more information, please contact 04-2291999 or email to leasing@belleview.com.my

About the developers

Founded in Penang in 1984, the Belleview Group had since grown exponentially to become a premier developer with an impressive track record of excellence. A trusted name for quality and innovativeness, each and every one of its undertakings are developed not just for today, but with the future in mind.

To further extend its growth, Belleview had come together with LTC Corporation Limited, a Singaporean company listed on the Main Board of the Singapore Stock Exchange, to develop GEM Residences.

LTC is renowned for its engagements in Property Rental & Investment, Regional Property Development & Management, steel trading and fabrication, and retail operations (SOGO, Kuala Lumpur).

Together, both corporations strive to heighten the standards in upcoming property and development projects in the country.

The Ministry of Housing and Local Government has established a Housing Integrated Data System to help it identify the demand for and supply of affordable housing nationwide.

Its minister, Zuraida Kamaruddin told theSun that the ministry had encountered difficulties in obtaining information such as income levels by location and other data that are relevant to housing supply and demand.

“Malaysia does not have a complete database containing information on supply and demand for housing according to the report by Bank Negara (in 2017),“ Zuraida said.

Such data would help the ministry to gauge and adjust the supply of houses to meet the demands according to location.

The absence of such information could contribute to high numbers of residential overhang.

“The federal government through the Ministry of Housing and Local Government is working closely with relevant ministries and agencies to identify issues and problems involved for the provision of one million affordable homes,“ she said.

“Comprehensive housing data is essential to identify the demand and supply of affordable housing in Malaysia. The proposal for the data system has been agreed upon during the first meeting Majlis Perumahan Mampu Milik Negara (MPMMN) Bil. 1/2019 held on the Jan 8, chaired by Prime Minister Tun Dr Mahathir Mohamad.”

Zuraida also said prior to the meeting, the ministry liaised with the National Property Information Centre for such data and it is planning to get other housing development agencies involved in the affordable housing plan.

“We will expand these engagement sessions with other relevant agencies as well such as the Inland Revenue Board and the Department of Statistics Malaysia in assisting the Ministry to develop a reliable and comprehensive housing database,“ she said.

Source: TheSunDaily.my

Bayan Baru City Centre, a proposed mixed development by Ideal Property Group in Bayan Baru. Strategically located next to the intersection of Jalan Tengah and Jalan Mayang Pasir, near Pantai Hospital. This master planned development sits on a 16 acres land, comprises the land currently occupied by Giant Hypermarket and the adjacent vacant land. It is within walking distance to Sunshine Square and Bayan Baru wet market.

This development will see the demolition of the existing 2-storey building, for the construction of several high-rise towers and shop offices in multiple phases:

Parcel 1

• Tower A1: 39-storey serviced residence (589 units)
• Tower A2: 39-storey serviced residence (589 units)
• Tower B: 39-storey serviced residence (820 units)
• 3-storey shop offices (55 units)

Parcel 2

• Tower C: 27-storey office suites
• 3-storey shop offices (30 units)

Parcel 3

• 23-storey office suites (Tower B)
• 2-storey commercial lot at ground and first level

Parcel 4

• 43-storey serviced residence (Tower A1 – 1,088 units)
• 50-storey serviced residence (Tower A2 – 280 units)
• 3-storey commercial lot (22 units)

Project Name: Bayan Baru City Centre (BBCC)
Location : Bayan Baru
Property Type : Mixed development
Built-up Size: (to be confirmed)
Total Units: (refer to above)
Indicative Price: (to be confirmed)
Developer : Ideal Property Group

Location Map:

DISCLAIMER: This review is based on source taken from a public portal. This is not an advertisement by the developer or agent, unless stated otherwise. Any claims, statistics, quotes or other representation about a project or service should be verified with the developer, provider or party in question.

Construction of the 5.7km Ayer Itam-Tun Dr Lim Chong Eu (LCE) Expressway bypass, which would be part of the RM46 billion Penang Transport Master Plan (PTMP), will begin on Aug 31 this year, Penang Chief Minister Chow Kon Yeow (pictured) said yesterday night.

He said the commencement of the by-pass will mark the beginning of a comprehensive transport infrastructure plan to alleviate traffic congestion in the state.

Additionally, he said the state government had also approved one of the packages under the PTMP to be carried out by its developer, SRS Consortium within the first half of this year.

“This will definitely spur the construction sector and provide a lot of opportunities for companies in Penang associated with building and construction businesses,” he said when speaking at the Real Estate & Housing Developers’ Association (Rehda) Penang Chinese New Year dinner here.

State Housing Committee chairman Jagdeep Singh Deo who also spoke at the event said the State had agreed to Rehda’s request to extend the period for the exemption of a three percent levy on properties purchased by foreigners in the State until the end of June this year.

Initially, the deadline for the exemption of the approval fee imposed was until Feb 28, but it was said that many foreign buyers would not be able to enjoy the benefit as the period was deemed too short.

“The state government has reviewed the request by Rehda Penang, and we have agreed to extend the deadline to end of June, in line with the Federal home ownership campaign,” he added.

Source: EdgeProp.my