Developing the new heart of Penang

With the Penang Transport Master Plan (PTMP) kicking off, the state’s property landscape — on both the island and the mainland — is moving towards a transformative facelift, and savvy investors, both local and overseas, are already looking out for opportunities to reap its potential.

At the same time, visionary developers are stepping in to unlock the prospects of this future infrastructure connectivity with forward-looking developments, such as the GEM Residences.

Nestled in the heart of Seberang Prai, GEM Residences is a home that spells luxury, vibrancy and convenience — all in one. With a name inspired by beautiful gemstones — Coral, Ruby, Sapphire and Diamond — the four towers of GEM Residences evoke a sense of timeless elegance, offering low-density living per each floor and an upscale architectural design that gives it a mark of prestige and prominence.

GEM Residences is a joint development between Belleview Group and LTC Corporation Ltd. Belleview Group was founded in Penang in 1984, and has since grown exponentially as a leading developer with an impressive track record of producing property developments of superior quality encompassing residential properties, townships, offices, shopping malls and asset management for sale and investment in the northern region of Malaysia. Belleview Group has come together with LTC Corp Ltd, a company incorporated in Singapore. The latter is a member of LTC Group, which has been established since 1930. LTC is renowned for its undertakings in property rental & investment, regional property development & management, steel trading & fabrication, and retail operations (SOGO, Kuala Lumpur). Together, both corporations intend to heighten standards in upcoming property and development projects.

Location with a vision

Every morning, draw your curtains to breathtaking views of the Penang Bridge, the Pearl of the Orient across and the cityscape of Butterworth and Bukit Mertajam. From sunrise to sunset, the vistas from your home offer a peaceful retreat, reminding you of the beauty of nature and the vibrant city at your feet. Every moment feels like a getaway, yet you’re just minutes away from the conveniences of modern life.

Strategically located along the six-lane Jalan Baru, GEM Residences connects you effortlessly to the North-South Expressway and Butterworth Outer Ring Road, ensuring seamless travel to all corners of the island and mainland. A quick 7-minute drive takes you to the Penang Bridge, while Penang International Airport is only 30 minutes away.

But the magic of GEM Residences lies in its proximity to Penang’s most exciting new developments. Set within an integrated 19.17-acre master development, the residences will soon be neighbours with a 4-star hotel.

At 1.2 million sq ft of net lettable area spanning six levels with about 450 shops and over 3,800 parking bays, GEM Mall is slated to be the largest shopping destination in the northern region. Upon completion of the mall, this grand lifestyle hub will feature the first-ever SOGO department store in northern Malaysia, a 20 screens cinema, ice skating rink, and bowling centre. Experiencing the mini-vacation lifestyle every day, living in an offering endless entertainment, dining and shopping options.

At the core of Penang’s transit-driven future

And then, there’s the promise of effortless travel. In a nod to Penang’s evolving landscape, the upcoming Mutiara Light Rail Transit (LRT) Line is set to breathe new life into the northern economic hub, linking the vibrant Penang Island to Prai in a way that echoes the charm of yesteryears, yet promises the conveniences of tomorrow. Imagine the ease of stepping out of GEM Residences, with the LRT station practically at your doorstep, ready to whisk you away on a journey across the city.

GEM Residences sits at the crossroads of the upcoming George Town-Butterworth LRT and the Raja Uda-Bukit Mertajam Monorail, part of the far-sighted PTMP, making commuting faster, easier and more seamless than ever. For professionals working in the bustling industrial zones nearby, or even those seeking easy access to George Town, GEM Residences offers the ultimate in location convenience, positioning you at the heart of Penang’s growth.

Unparalleled convenience at every turn

Spread across 5.34 acres, GEM Residences features 978 units of serviced residences, comprising four towers, each serviced by four dedicated lifts for enhanced privacy and exclusivity.

Catering to a diverse range of lifestyles, it offers seven luxurious concepts with unit sizes ranging from 441 sq ft to 1,445 sq ft. Prices range from RM391,800 to RM965,800 for layouts encompassing one to four bedrooms.

Live the GEM life

Living at GEM Residences goes beyond enjoying modern luxury — it’s about being part of Penang’s vibrant history, rich culture and dynamic future, all within one distinguished address. This remarkable development offers over 40 exceptional amenities, including an ocean pool, a sky Jacuzzi and a KTV room, ensuring that every moment is filled with comfort and leisure.

For those seeking the perfect balance between relaxation and rejuvenation, GEM Residences delivers an impressive array of facilities designed to elevate both body and mind. Begin your day in the tranquil aqua gym or find your centre in the yoga room, and then spend your afternoons unwinding by the largest swimming pool in Penang or luxuriating in the soothing warmth of the sauna. The Skypark, a landmark feature in the area, offers residents a peaceful retreat, allowing you to escape the city’s hustle right at home.

Families, too, are catered to with thoughtfully designed spaces such as indoor and outdoor playgrounds, a charming chess garden and dedicated areas where children can play, explore and grow in a safe and nurturing environment.

In short, GEM Residences is more than just a place to live — it’s an experience that fosters wellness and community, making it the ultimate lifestyle destination in Penang.

Investment opportunities and rising demand

For astute investors, GEM Residences presents a unique opportunity. Positioned amidst thriving industrial zones and multinational corporations, the demand for high-quality rental properties is robust.

Knight Frank’s Asia-Pacific Residential Index reported a 5.78% increase in residential property values in Penang in the first half of 2023, making it one of the top-performing cities in Southeast Asia. This upward trend in property value ensures strong yields for investors looking to capitalise on the growing market.

Slated to complete in two months

With its luxurious features, stunning views and strategic location, GEM Residences offers an exceptional living experience. Whether you are looking to invest or seeking your next home, GEM Residences is undoubtedly a jewel in the heart of Penang.

The project is set for handover by this year, so hurry before you miss the chance. To find out more, call +6016-4226006 or visit here.

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