Concrete Idea Sdn. Bhd.
GEM Residences
Jalan Baru, Prai
From
RM 352K
RM 797– PSF · Completion 2024
Tenure
freehold
Title
residential
Total Units
978
Completion
2024
- From
- RM 352K
- PSF
- RM 797
- Tenure
- freehold
- Total units
- 978
- Status
- completed
- Completion
- 2024
Project Tracking
We're tracking GEM Residences — not yet personally reviewed by Zac
This project is in our database from public sources (5 sources) from Concrete Idea Sdn. Bhd.. Full pricing, floor plans, unit availability and Zac's honest take are available on direct request — most developers update pricing weekly and we share the current numbers immediately.
- 📋 Latest price list & available unit types
- 🏗️ Current construction stage and photos
- 💬 Zac's honest assessment for your situation
- 📞 Direct introduction to the developer if you want to view
GEM Residences unit types
| Type | Config | Size (sqft) | Units | Car parks |
|---|---|---|---|---|
| Studio / 1BR | Studio / 1BR | 441 | — | — |
| 3BR Type B1 | 3BR Type B1 | 1,050 | — | — |
| 3BR Type B2 | 3BR Type B2 | 1,101 | — | — |
| 3BR Type C1 | 3BR Type C1 | 1,162 | — | — |
| 3BR Type C2 | 3BR Type C2 | 1,196 | — | — |
| 3BR Type C3 | 3BR Type C3 | 1,445 | — | — |
| Total | — | |||
Building specifications
- Blocks
- 4
- Floors
- 38
- Total units
- 978
Facilities
What's nearby
🏥 Healthcare
- Hospital Seberang Jaya4.0km
🎓 Schools
- SK Seberang Jaya2.0km
- Politeknik Seberang Perai3.0km
🛍 Shopping
- Sunway Carnival Mall3.0km
- Giant Hypermarket Prima Prai1.5km
Monthly Instalment Calculator
Monthly Instalment
RM 1,421
Total Interest
RM 280,187
Total Outlay
RM 631,987
Prai — area snapshot
Prai is an industrial and port-linked area on the mainland. Residential development here serves the industrial workforce segment.
Price range
RM 560K – RM 846K
asking prices in area
Active projects
1
selling or under construction
Subsale condos
1
completed projects
Total tracked
3
properties in this area
Other projects in Prai
Total Cost Breakdown
Every cost you'll pay — stamp duty, legal fees, loan documentation, foreign levy. Real Penang numbers, not generic Malaysia estimates.
| Downpayment | RM 35,180 |
| SPA stamp duty | RM 6,036 |
| SPA legal fee | RM 4,398 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 6,036 |
| Loan stamp duty (0.5%) | RM 1,583 |
| Loan agreement legal fee | RM 1,583 |
| Valuation fee | RM 1,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 56,816 |
New launch — typical developer savings
Toggle what the developer is absorbing. Confirm the actual package before signing.
Net upfront (after savings)
Based on typical 2026 new launch package
Estimates based on 2026 Penang state rules. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →
Frequently asked questions
How much is GEM Residences?
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Is GEM Residences freehold or leasehold?
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When is the expected completion / VP?
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Who is the developer of GEM Residences?
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Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.
From
RM 352K
GEM Residences