penangproperty
G'Vinton — Jalan Sultan Ahmad Shah (Northam Road), George Town
New LaunchfreeholdCommercial (HDA)Est. 2028 Q3

Sunrich Capital Sdn Bhd (GSD Land)

G'Vinton

Jalan Sultan Ahmad Shah (Northam Road), George Town

From

RM 596K

RM 1500+ PSF · Completion 2028

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Price list Floor plans Site visit

Tenure

freehold

Title

Commercial (HDA)

Total Units

508

Completion

2028

From
RM 596K
PSF
RM 1500
Tenure
freehold
Total units
508
Status
under construction
Completion
2028

Price at a glance

Prices as at November 2026 — Developer prices basis. Last checked 2026-10-09. The project has not completed — no resale market yet.

Unit typeSize (sqft)Price fromPSF from
B · Type B387RM596,000~RM1,540
A · Type A474RM685,000~RM1,445
Duplex1,356RM2.19M~RM1,615
Z

Zac’s Take

Zac Ong

G'Vinton is a freehold serviced-suites tower on Jalan Sultan Ahmad Shah (Northam Road) in George Town by Sunrich Capital, part of GSD Land: a single 39-storey tower of 508 suites on 1.14 acres, on commercial title, semi-fitted by Chi Designs and due in 2028.

Layouts are compact and investor-shaped: 387 sq ft Type B from about RM596,000 (around RM1,540 per sq ft), 474 sq ft Type A from about RM685,000, and duplexes of up to 1,356 sq ft at the top.

The developer markets managed short-stay returns of about 7% a year, based on 80% occupancy and RM250–320 a night. Treat that as a projection: it starts only after handover, and short-stay letting on the island needs the owners' 75% vote and a council licence. The smaller suites sit below the RM1M foreign-buyer minimum, so they suit Malaysian and MM2H buyers.

Unit Types

Type B suite

387 sqft · 1 bed · 1 bath

RM 596K

📲 Register Interest

Type A suite

474 sqft · 1 bed · 1 bath

RM 685K

📲 Register Interest

Duplex

1356 sqft · 2 bed · 2 bath

RM 2.19M

📲 Register Interest

G'Vinton price list 2026

3 of 3 unit types have a published price · entry from RM596,000 · 508 units total · completing 2028

TypeSize (sqft)Price fromPSF (derived)UnitsForeign buyer
BType B387RM596,000~1,540388Below RM1M
AType A474RM685,000~1,445106Below RM1M
Duplex1,356RM2.19M–RM2.219M~1,61514Eligible

PSF is derived, not quoted — each row divides that type's price by its own square footage. Developers do not always state whether a published size is built-up or nett, and the two can differ by 20%. Ask for both in writing before you sign.

Developer price — the project has not completed, so there is no resale market to compare against, last checked 2026-10-09. Developers reprice between phases — confirm the current list before committing.

Foreign buyers must clear RM1M per unit (Penang island floor), then pay a state levy and a flat 8% stamp duty on top. See the true cost of buying as a foreigner.

⚠Commercial title with HDA — Airbnb permission per developer house rules.

G'Vinton completion date

G'Vinton is expected to complete in 2028. It is under construction now.

Read that as the developer's target, not a guarantee. What matters contractually is the vacant possession date in your SPA — 36 months from the sale and purchase agreement for a strata title under the Housing Development Act, with liquidated damages payable if the developer misses it. A launch year quoted in marketing and the VP date you can enforce are different things, so check the SPA schedule before you plan a move-in or a tenancy.

Building specifications

Blocks
1
Floors
39
Total units
508
Maint. fee
RM0.55/sqft

Facilities

Guest-ready furnished unitsServiced residence conceptHeritage Georgetown address

What's nearby

🏥 Healthcare

  • Island Hospital
  • Gleneagles Hospital Penang
  • Loh Guan Lye Specialist Centre

🎓 Schools

  • Convent Pulau Tikus
  • St. Xavier's Institution
  • Penang Chinese Girls' High School
  • UOW Malaysia KDU Penang

🛍 Shopping

  • Gurney Paragon Mall
  • Gurney Plaza
  • Penang Times Square

Monthly Instalment Calculator

Monthly Instalment

RM 2,407

Total Interest

RM 474,676

Total Outlay

RM 1,070,676

Estimates only — not an offer, quotation, or representation of the developer's actual pricing or package. Actual instalments depend on the bank's approved rate, tenure and margin of financing.

📲 Discuss financing options with Zac

Other projects in georgetown

All 8 others we track here, cheapest first — 3 of them still selling.

Georgetown — area snapshot

Full area guide →

Georgetown is the UNESCO World Heritage City and Penang's urban core. Heritage shophouses and modern serviced suites coexist; buyer profiles range from heritage lovers to city professionals.

Price range

RM 436K – RM 2.2M

asking prices in area

Active projects

3

selling or under construction

Subsale condos

5

completed projects

Total tracked

9

properties in this area

Total Cost Breakdown

Every cost you'll pay — stamp duty, legal fees, loan documentation, foreign levy. Real Penang numbers, not generic Malaysia estimates.

DownpaymentRM 59,600
SPA stamp duty (tiered 1–4%)RM 11,880
SPA legal feeRM 7,210
MOT stamp duty (at VP)

Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer.

RM 11,880
Loan stamp duty (0.5%)RM 2,682
Loan agreement legal feeRM 2,682
Valuation feeRM 2,000
Search, admin, miscRM 1,000
Gross upfront totalRM 98,934

New launch — typical developer savings

Toggle what the developer is absorbing. Confirm the actual package before signing.

Cash rebate3% = RM 17,880
0%5%10%
Total developer savings− RM 30,454

Net upfront (after savings)

Based on typical 2026 new launch package

RM 68,480

Estimates only, based on 2026 Penang state rules — not an offer, quotation, or representation of the developer's actual package. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →

Frequently asked questions

What is the price of G'Vinton?

+
G'Vinton runs RM596,000 to RM2,219,000. That is the developer's price. The project has not completed, so there is no resale market to compare against yet. That works out to about RM1,500 per square foot. Checked 2026-10-09.

Is G'Vinton freehold or leasehold?

+
G'Vinton is freehold, on a commercial title, sold under the Housing Development Act. Those are two separate facts and only the first usually appears in marketing. A commercial title means commercial utility and assessment tariffs, and a tighter loan margin at most banks.

Can a foreigner buy at G'Vinton?

+
Yes, on the larger units. Penang Island sets a RM1,000,000 minimum for foreign buyers of strata property, which the entry price does not clear. MM2H participants have a lower minimum of RM500,000 (residential, up to two homes), which opens the cheaper units too. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.

When will G'Vinton be completed?

+
G'Vinton is expected to be completed in 2028, by Sunrich Capital Sdn Bhd (GSD Land). That's the developer's target. The date that counts is the handover date in your sale agreement, which under Malaysian housing law is usually 36 months from signing.

How big are the homes at G'Vinton?

+
Homes range from about 387 to 1,356 sq ft. There are 508 homes in total.

What is G’Vinton?

+
A freehold serviced-suite development on Jalan Sultan Ahmad Shah (Northam Road), George Town by Sunrich Capital (a GSD Land subsidiary) — a single 39-storey tower of 508 suites, semi-fitted by Chi Designs, completing in Q3 2028.

What returns does G’Vinton project?

+
The suites are operator-managed, and the developer markets projected net returns up to 7.85% on Type A and around 7.05% on Type B — based on roughly 80% occupancy, RM250–320 a night and a 70% owner profit share. These are projections, not guarantees: income begins only after Q3 2028 handover and depends on operator performance and bank approval.

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G'Vinton

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