Prai, Seberang Perai · Completed · Subsale
GEM Residences
Four residential towers in Prai with 978 serviced apartments on freehold commercial title, from 441 to 1,445 sq ft, about 4 km from the Penang Bridge.
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GEM Residences at a glance
Every figure here comes from the developer, the government housing register or the property records named at the foot of the page. Where sources disagree, the range is shown. Where nobody has published a number, it is not on this page.
Development
GEM Residences
By Regata Maju Sdn Bhd, a Belleview Group company (joint venture with LTC Corp)
Address
2052 Jalan Baru, Taman Supreme
13600 Perai, Seberang Perai
Tenure
Freehold
Commercial title (serviced apartment)
Completion
About mid to late 2024
Topped out in January 2024, with keys expected six to eight months later (EdgeProp; Penang Property Talk). Older records of Jun 2022 (IQI) and 2023 (PropertyGuru) are out of date. Ask for the CCC date and strata title status
Towers
4
Coral, Ruby, Sapphire and Diamond, 38 storeys each including an 8-storey podium, with the recreation deck on level 8 and a sky park on level 38 (EdgeProp, 2024; developer)
Units
978
Plus 15 ground-floor commercial units (EdgeProp, 2024)
Layouts
441–1,445 sq ft
1 or 3 bedrooms (developer); the 1,445 sq ft Type C3 has 3 bedrooms and 2 bathrooms, and one source lists Type C1 as 3+1
Foreign buyers
Only from RM500,000
Seberang Perai strata minimum; list prices start at RM406,800, so smaller units fall below it
Land
5.34 acres
Freehold, part of a 20-acre mixed development with GEM Megamall (EdgeProp, 2018)
Why this address
Four things buyers weigh at GEM Residences
A large freehold serviced apartment project on the mainland near the Penang Bridge. Here is the case, and what to check.
Close to the Penang Bridge
The developer puts the project about 4 km from the Penang Bridge, next to a large shopping mall.
Facilities on two levels
A sports and recreational club on the 8th floor with a pool, gym and giant chessboard, and a 38th-floor sky garden with a jacuzzi, jogging track and viewing pavilion.
A wide size range
Layouts run from 441 to 1,445 sq ft with 1 or 3 bedrooms, which suits single tenants as well as families.
What to weigh: commercial title and supply
It is a serviced apartment on commercial title, so utility and maintenance rates can be higher than on a residential title. With 978 units, expect many competing subsale and rental listings.
The development
GEM Residences, decoded
Four residential towers, with a sports and recreational club on the 8th floor and a sky garden on the 38th.
Facilities
As listed by the developer on the IQI project listing.
Sky garden
38th floor
- Viewing pavilion
- Sky lounge
- Jacuzzi
- Jogging track
- Sky bridge
Sports club
8th floor
- Swimming pool
- Gym
- Giant chessboard
Residents
Shared rooms
- Living room
- Sauna
- Aerobic room
- Yoga room
- KTV room
- Outdoor lounge
- Swing area
- Feature pond
Where the project is now
Layouts
All 6 GEM Residences layouts
6 layout types, from 441 to 1,445 sq ft. Sizes from the developer’s published plans, checked October 2026. Other layouts may exist; ask for the full list. Tap any layout and the drawing comes to your WhatsApp.
Type A — 441 sq ft
1 bed 1 bath · 441 sq ft · studio / 1-bedroom
Get this floor planAsk price & availability →
Type B1 — 1,050 sq ft
3 bed 2 bath · 1,050 sq ft · 3-bedroom with balcony
Get this floor planAsk price & availability →
Type B2 — 1,101 sq ft
3 bed 2 bath · 1,101 sq ft · 3-bedroom with balcony · size from MyRumahBaru/PropXpress
Get this floor planAsk price & availability →
Type C1 — 1,162 sq ft
3 bed 2 bath · 1,162 sq ft · MyRumahBaru lists it as 3+1 bed · PropXpress as 3 bed
Get this floor planAsk price & availability →
Type C2 — 1,196 sq ft
3 bed 2 bath · 1,196 sq ft · 3-bedroom · size from MyRumahBaru/PropXpress
Get this floor planAsk price & availability →
Type C3 — 1,445 sq ft
3 bed 2 bath · 1,445 sq ft · largest layout
Get this floor planAsk price & availability →Price and rent by layout
What each layout is asking at GEM Residences
Asking prices and rents seen on iProperty in October 2026, matched to each layout by size. Asking prices are not sale prices; compare them with the recorded transactions above.
| Layout | Size | Asking price | Asking rent | Listings |
|---|---|---|---|---|
| Type A | 441 sq ft | RM371,000–428,000 | RM1,800/mo | 6 |
| Type B1 | 1,050 sq ft | RM545,000–603,800 | RM2,900–3,500/mo | 13 |
| Type C1 | 1,162 sq ft | RM560,000–619,000 | RM2,900–3,200/mo | 9 |
| – | about 1,300–1,400 sq ft | – | RM2,900/mo | 1 |
| – | about 1,600–1,700 sq ft | – | RM3,000/mo | 1 |
Gallery
GEM Residences in pictures
Images from the developer’s marketing material unless stated. Ask for the full set on WhatsApp.
Location & connectivity
Where GEM Residences sits
2052 Jalan Baru, Taman Supreme, 13600 Perai, Pulau Pinang.
The recorded numbers
What units here sell and rent for
Recorded sales and asking prices are different things. Transacted figures come from deals recorded with the government valuation department; asking figures are what owners or the developer are listing at.
| Measure | Figure | Source and date |
|---|---|---|
| Asking for sale | RM428,000 – RM619,000 · about RM468–971 psf | PropertyGuru listings, Oct 2026 |
| Asking rent 441 sq ft, 1 bed | about RM1,800 a month | PropertyGuru listings, Oct 2026 |
| Asking rent 3 bed, 1,050–1,300 sq ft | RM2,500 – RM3,500 a month | PropertyGuru listings, Oct 2026 |
| Developer list price (launch) at launch, Feb 2018 | about RM500 psf | EdgeProp news, Feb 2018 |
| Developer list price (launch) on the IQI listing | From RM406,800 | IQI Project Centre, 2026 |
All sale and rent figures are asking prices from about 12 sale and 21 rental listings seen on PropertyGuru in October 2026, not recorded sales; no transacted median was found. Most rental listings were furnished. The launch price comes from EdgeProp’s February 2018 report. Ask Jason for recorded sale prices before you offer.
Track record
About Regata Maju Sdn Bhd
GEM Residences is developed by Regata Maju Sdn Bhd, part of Belleview Group, which launched it in February 2018 in a joint venture with LTC Corp. The IQI listing records four towers and 978 serviced apartments on freehold commercial title in Taman Supreme, Prai.
It sits on 5.34 acres within a 20-acre mixed development that also includes GEM Megamall and a planned hotel (EdgeProp, 2018).
Around the building
What is near GEM Residences
The closest places on the map, measured in a straight line from the building. Driving distances are longer.
🚉 Getting around
- Kompleks Chai Leng Intercity Bus~500 m
- Bukit Tengah~3.1 km
- Butterworth~3.8 km
🛍️ Malls
- Megamall Penang~500 m
- Sunway Carnival Mall~2.0 km
- YAMAHA Lifestyle Mall-Hong Bee Motors~5.9 km
🎓 Schools
- SMK Perai~400 m
- SK Seberang Jaya~400 m
- Sekolah Jenis Kebangsaan (Tamil) Ladang Prye~500 m
- SMK Tun Hussein Onn~1.3 km
🏛️ Colleges and universities
- ILP Perai~1.5 km
- MARA University of Technology Penang~1.9 km
- Kolej Komuniti Seberang Jaya~2.3 km
🏥 Hospitals
- Sunway Medical Centre Penang~1.7 km
- Seberang Jaya Hospital~1.8 km
- Bagan Specialist Centre~3.5 km
Map data © OpenStreetMap contributors. Names as recorded on the map; check opening and enrolment details yourself.
Is it for you?
Which kind of buyer are you?
The same building suits different people for different reasons. Pick the line that sounds like you.
🏠 Living here yourself
Layouts here run from about 441 to 1,445 sq ft. Ask me which stacks get the better view and the least afternoon sun; that changes the price more than the floor.
💰 Buying to rent out
Compare the recorded rents in "The price numbers" above with the instalment on your loan. Smaller layouts usually rent faster; larger ones hold tenants longer.
👨👩👧 Family with children
Check the school and clinic distances in the location section, the number of car parks per unit and how busy the lifts are at 7.30 am.
✈️ Buying from overseas
Foreigners can only buy above the state minimum price and pay 8% stamp duty from 2026. Ask me which units here qualify before you shortlist.
Straight talk
What I will not hide from you
Every project has trade-offs. These are the ones I would want to know before paying a deposit.
- ⚠️ Serviced apartments usually sit on commercial land. Utility tariffs and some loan terms can be less favourable than for a residential title.
- ⚠️ Asking prices are not sale prices. Compare any offer with the recorded transacted price per sq ft above before you commit.
The real cost
What buying here costs in 2026
Worked example for a unit at RM430,000, around the typical asking price here. Your figures will differ with the price and the bank.
| Malaysian buyer (90% loan) | Foreign buyer (70% loan) | |
|---|---|---|
| Purchase price | RM430,000 | RM430,000 |
| Down payment | RM43,000 | RM129,000 |
| Loan amount | RM387,000 | RM301,000 |
| Stamp duty on transfer (MOT) | RM7,600 | RM34,400 |
| Stamp duty on loan (0.5%) | RM1,935 | RM1,505 |
| Lawyer, sale agreement (incl. 8% SST) | RM5,805 | RM5,805 |
| Lawyer, loan agreement (incl. 8% SST) | RM5,225 | RM4,064 |
| Cash needed before keys | RM63,565 | RM174,774 |
| State consent fee for foreigners | – | Set by each state; ask me for the figure |
Estimates only. Stamp duty: 1–4% tiers for Malaysians and PRs, 8% flat for foreigners from 1 Jan 2026. Legal fees follow the Solicitors’ Remuneration Order 2023. First-time Malaysian buyers of homes up to RM500,000 may get a stamp duty exemption until 2027. Valuation, disbursements and moving costs are not included.
Get these numbers for a real unitCalculate my exact costs →Straight answers
Frequently asked questions
How many units are there, and what sizes?
There are 978 units in four towers, with built-ups from 441 to 1,445 sq ft and 1 or 3 bedrooms.
Is GEM Residences freehold?
Yes, it is freehold, but on a commercial title as a serviced apartment. Check the utility and maintenance rates, which can be higher than on a residential title.
Can a foreigner buy at GEM Residences?
Prai is in Seberang Perai, where the foreign minimum for strata homes is RM500,000. The developer list price starts at RM406,800, so only units priced at RM500,000 or more qualify. Every foreign purchase needs State Authority consent from PTG Pulau Pinang, a 3% state levy, 8% stamp duty on homes from 1 January 2026, and a three-year hold before resale.
What rent can a unit at GEM Residences fetch?
In October 2026, 441 sq ft 1-bedroom units were listed at about RM1,800 a month and 3-bedroom units of 1,050–1,300 sq ft at RM2,500 to RM3,500, mostly furnished (PropertyGuru). These are asking rents.
Berapa saiz unit di GEM Residences?
Keluasan binaan antara 441 hingga 1,445 kaki persegi, dengan 1 atau 3 bilik tidur. Terdapat 978 unit dalam empat menara. Sewa yang diminta pada Oktober 2026 ialah sekitar RM1,800 untuk unit 1 bilik dan RM2,500 hingga RM3,500 untuk unit 3 bilik (PropertyGuru).
GEM Residences 离槟威大桥多远？
根据发展商资料，项目距离槟威大桥约4公里，旁边就是一座大型购物中心。
Which schools are near GEM Residences?
On map data, the nearest schools are SMK Perai (~400 m), SK Seberang Jaya (~400 m), Sekolah Jenis Kebangsaan (Tamil) Ladang Prye (~500 m). Distances are straight-line from the building.
Is there a train or bus station near GEM Residences?
The nearest stations on map data are Kompleks Chai Leng Intercity Bus (~500 m), Bukit Tengah (~3.1 km), Butterworth (~3.8 km).
What is the nearest hospital and mall to GEM Residences?
The nearest hospital on map data is Sunway Medical Centre Penang (~1.7 km), and the nearest mall is Megamall Penang (~500 m).
How much cash do I need to buy at GEM Residences?
For a unit at RM430,000,, a Malaysian buyer with a 90% loan needs about RM4,064 before getting the keys, covering the down payment, stamp duty and legal fees. A foreign buyer with a 70% loan needs about RM63,565, before the state consent fee. The full table is in "What buying here costs in 2026".
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View project →Get the current price list and units available at GEM Residences
Prices move and the better units go first. Tell me your budget and whether you are buying to live in or to rent out, and I will send back the units that fit, not a generic brochure.
Buying, selling or renting: one conversation, no obligation.
Jason Lim
10 years in Malaysian property · Johor Bahru & Kuala Lumpur · REN 84424 · IQI Realty Sdn. Bhd. E (1) 1584/6
I work with local families, investors and buyers from Singapore and overseas. If a project is not right for what you need, I will say so; that is usually worth more than the brochure.