G'Vinton
A freehold 39-storey tower on Millionaire's Row where the developer publishes the whole permit price schedule — and where 494 of the 508 units sit below the island's foreign-buyer floor.
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G'Vinton at a glance
Read the price line first, because it decides whether the rest of this page applies to you. The developer's own gazetted permit sets Type A at RM815,000–RM874,000, Type B at RM715,000–RM774,000 and the duplex at RM2,190,000–RM2,219,000. Penang Island's minimum purchase price for a non-citizen buying strata property is RM1,000,000. That means 494 of the 508 units — 97% of this building — are below the floor a foreigner, a Singaporean or a Malaysian permanent resident is allowed to transact at. Fourteen duplexes clear it. If you are not a Malaysian citizen, this project is a fourteen-unit project. Every figure below is taken from the statutory notice the developer publishes on its own front page.
- Development
- G'VintonServiced apartment (Pangsapuri Servis)
- Developer
- Sunrich Capital Sdn Bhd (949727-H)A GSD Land (M) Sdn Bhd company
- Developer licence
- 13355/01-2028/0016(A)Valid 24/01/2017 – 23/01/2028
- Advertising & sale permit
- 13355-2/12-2027/1130(N)-(S)Valid 11/12/2024 – 10/12/2027
- Tenure
- FreeholdStated on the statutory notice
- Units
- 508Type A 106 · Type B 388 · Duplex 14
- Permit price band
- RM715,000 – RM2,219,000Maximum and minimum by type, as gazetted
- Completion on the notice
- September 2028Building plan MBPP/ILCS-OSC/PB1599/22
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Six things that are actually true about G'Vinton
Not six selling points. Six verified facts, three of which are inconvenient.
The permit is published in full
Licence, permit number, validity dates, unit counts by type and the maximum and minimum price of every type — all on the developer's own front page. You do not have to take an agent's word for the price band on this project, and that is rare.
97% of it is closed to foreign buyers
Types A and B top out at RM874,000. Penang Island's strata floor for non-citizens is RM1,000,000. Only the 14 duplexes are transactable by a foreigner, a Singaporean or a Malaysian PR.
Freehold, and it says so on the notice
Hakmilik Kekal, Pajakan Tanah: Bebas. Not an agent's claim — the words are in the developer's own statutory block. In a state where several competing towers will not state their tenure at all, that matters.
Completion is September 2028, not 2027
Every listing site I checked says late 2027. The gazetted notice says September 2028. When a listing site and the permit disagree, the permit wins — and you should plan your money around 2028.
Car parks are accessory parcels
The notice states car parks are accessory parcels, excluding visitor and OKU bays. That ties the bay to the unit title rather than leaving it as common property — generally good for the owner, but it is a detail worth reading in your S&P.
It launches into a rising overhang
NAPIC recorded 3,165 completed unsold homes in Penang in Q1 2026, fifth-highest in Malaysia and up about 16% year on year, with condominiums and apartments roughly 70% of that stock. The RM500,000–RM1,000,000 band is where the national serviced-apartment overhang is concentrated — which is exactly where Types A and B sit.
The whole development, decoded
Three layouts, and the distribution is lopsided on purpose. 388 of the 508 units are the smallest type — 387 sq ft. Another 106 are 474 sq ft. Fourteen are 1,356 sq ft duplexes priced at nearly three times the per-unit average. This is a compact-lettable tower with a small luxury cap on top, not a family building, and the maintenance economics, the lift loading and the resale pool all follow from that one fact.
Three layouts, three completely different buyers
Type B · 387 sq ft
The building is mostly this. 388 of 508 units, gazetted at RM715,000 to RM774,000 — which works out to roughly RM1,847 to RM2,000 per square foot. That is a George Town city price for a very small box, and it only makes sense if the rental thesis holds. It is also, at that price, permanently below Penang Island's foreign-buyer floor.
Type A · 474 sq ft
Eighty-seven square feet more than Type B, and gazetted at RM815,000 to RM874,000 — a premium of about RM100,000 for that space. Per square foot it is actually cheaper than Type B, at roughly RM1,719 to RM1,844. If you are buying to live in rather than to let, this is the one worth comparing on a per-foot basis. Still below the RM1,000,000 foreign floor.
Duplex · 1,356 sq ft
Fourteen units, gazetted at RM2,190,000 to RM2,219,000. That is about RM1,615 to RM1,636 per square foot — the cheapest per-foot pricing in the building, which is unusual for a top-tier layout and worth asking about. It is also the only stock in G'Vinton that clears Penang Island's RM1,000,000 threshold for non-citizens.
Two facility floors — Level 10 and Level 39
Taken from the facility floor plans the developer publishes for Level 10 and Level 39, plus the named spaces in its own gallery. Where a facility appears only in agent marketing and not in GSD's material, it is not on this list.
Named in the developer's own gallery
- The Grand Lobby
- Gather & Graze Lounge
- Fitness Studio
- Infinity Leisure Pool
- Arcade Room
- Vocalist Studio
Published as floor plans only
- Social and wellness deck
- Full item list is in the Level 10 plan, not in text
Published as floor plans only
- Rooftop deck at the top of the tower
- Full item list is in the Level 39 plan, not in text
Where the project is now
All 3 G'Vinton floor plans
Sizes and unit counts are the developer's own gazetted figures. What GSD does not publish anywhere is a bedroom and bathroom count for any type — those numbers are inside the drawings, and I am not going to invent them. Ask me and I will send the actual layout sheets.
Type A — 474 sq ft
Get this floor plan
Type B — 387 sq ft
Get this floor plan
Duplex — 1,356 sq ft
Get this floor planInside G'Vinton
Where G'Vinton sits
Jalan Sultan Ahmad Shah, 10050 George Town — the stretch of colonial-era mansions the local trade still calls Millionaire's Row, on the north-west side of George Town toward Gurney Drive and Pulau Tikus. The developer names the street; it has never published a lot number or a postcode for the site itself.
Read this before you trust any map pin for this project. The Waze and Google Maps buttons on the developer's own project website resolve to 5.3435668, 100.3117746 — that is the GSD sales gallery on Persiaran Bayan Indah in Bayan Lepas, roughly the length of the island away from Jalan Sultan Ahmad Shah. I have not published a coordinate for the building because I cannot verify one to the parcel. The map above is set to the street the developer names in its own copy.
- Gurney Drive & Gurney ParagonNo figure publishednamed by the developer, no distance given
- Gleneagles Hospital PenangNo figure publishednamed by the developer, no distance given
- Island HospitalNo figure publishednamed by the developer, no distance given
- UOW Malaysia & Penang Medical CollegeNo figure publishednamed by the developer, no distance given
- KOMTAR / George Town CBD~2 kmlisting-site figure, not the developer's
- Penang International Airport~20 kmlisting-site figure, not the developer's
508 units at 33.79% built — and the permitted band straddles the Penang island threshold
| Project code | Registered name | Licensed developer | Advertising permit | Permit expires | Units | Bed / bath | Price band on the permit | Built | Status |
|---|---|---|---|---|---|---|---|---|---|
| 13355-2 | G’ Vinton | Sunrich Capital Sdn Bhd (13355) | 13355-2/12-2027/1130(A)-(S) | 10 Dec 2027 | 508 | 1 and 3 / 1 and 4 | RM715,000 – RM2,219,000 | 33.79% | Lancar (on schedule) |
Swipe sideways to see the full table →
District recorded as Daerah Timor Laut, Pulau Pinang. Read from teduh.kpkt.gov.my on 27 August 2026. Pull it yourself: teduh.kpkt.gov.my/semakan-status-kemajuan?kodProjek=13355-2
Three fields agree
The licensed company is Sunrich Capital Sdn Bhd, which this page names. The register spells the project G’ Vinton — one of the rare cases where the marketing name and the statutory name are the same thing. And the register counts 508 units, exactly the figure this page carries.
The same licence carries one other scheme, 13355-1 Sunrich Place, registered on the mainland in Seberang Perai Utara. Different project, different district — noted here only so that you do not confuse the two when requesting documents.
One third built, with fifteen months on the permit
33.79% is the developer’s own certified progress return, not an estimate. At a third complete, the structure is going up but nothing is finished, and everything you are being sold is still a drawing.
The permit runs to 10 December 2027. That is the outside date on the licence, not a promised handover date — the two are different documents and they do not have to agree.
What matters at this stage: the completion date written into your sale and purchase agreement, and the liquidated damages clause attached to it. For strata housing the statutory rate is 10% per annum of the purchase price, running from the date in the agreement. And because progress payments are released against certified stages, pull this same register page again before each one — it is free, it takes a minute, and it is the developer’s own number.
1-bedroom and 3-bedroom in the same building, at a three-to-one price spread
RM715,000 to RM2,219,000, with bedroom counts of 1 and 3, and bathroom counts of 1 and 4. Those are not variations of one product; they are two products sharing a lift lobby.
Two consequences worth thinking about before you buy either one:
Any per-square-foot figure quoted for “G’Vinton” without naming the unit type is meaningless — it is an average of a one-bedroom and a three-bedroom.
And the maintenance charge is levied per square foot of your own unit, but the facilities, lifts and common areas are shared with a very different mix of residents. Ask what the projected charge per square foot is, and ask how the sinking fund is apportioned.
Foreign buyers: the band straddles the threshold
Penang’s minimum purchase price for a non-citizen buying strata property on the island is RM1,000,000. The permitted band here runs from RM715,000 to RM2,219,000 — so the smaller units sit below the threshold and the larger ones clear it.
That makes eligibility a unit-type question, not a project question. And clearing the price floor only entitles you to apply for state consent; consent is granted transaction by transaction.
A price band on a permit is a legal ceiling the developer may not exceed. It is not an asking price, and it is not evidence of market value.
About Sunrich Capital Sdn Bhd (GSD Land)
The vendor named on G'Vinton's own statutory notice is Sunrich Capital Sdn. Bhd., company number 949727-H. It sits under GSD Land (M) Sdn Bhd (927531-A), the Penang-domiciled group that also markets the project on its own corporate site. Developer licence 13355/01-2028/0016(A) runs to 23 January 2028.
I want to give this developer credit for something that most of the projects I write about do not do: it publishes the full advertising permit block on the front page of the project website — licence number, permit number, permit validity, approved unit counts by type, and the maximum and minimum selling price of every type. That is what the law asks for and it is still the exception rather than the rule.
The one thing to watch is a timing mismatch that comes straight out of those published numbers. The advertising and sale permit 13355-2/12-2027/1130(N)-(S) is valid from 11 December 2024 to 10 December 2027. The completion date on the same notice is September 2028. The permit therefore expires nine months before the building is due to be handed over, and will need renewing. That is normal and not in itself alarming — but it is the kind of date a buyer should be able to read for themselves, and now you can.
No delay, abandonment or litigation record was found for Sunrich Capital or GSD Land in my searches. That is an absence of adverse findings, which is not the same thing as a clean bill of health, and I will not present it as one.
Frequently asked questions
Can a foreigner buy at G'Vinton?
Only the 14 duplexes. Penang Island sets a minimum purchase price of RM1,000,000 for a non-citizen buying strata property, and the developer's own gazetted permit puts Type A at a maximum of RM874,000 and Type B at a maximum of RM774,000. Those 494 units are below the floor and the state will not approve the transfer.
The 14 duplexes at RM2,190,000 to RM2,219,000 clear it comfortably. On top of the price you would budget the Penang state levy imposed on foreigners upon state approval — 3% of the transacted price is the rate the state introduced from 1 February 2014, and you should have your solicitor confirm the rate in force on your signing date — plus the flat 8% stamp duty applying to non-citizens on residential property since 1 January 2026.
Note that “foreign interest” includes Malaysian permanent residents. If you hold PR rather than citizenship, the same floor applies to you.
What is the actual price? Listing sites say “from RM500,000”.
Listing sites are wrong on this project, and the correction is easy to make because the developer publishes the answer itself. The gazetted permit sets the price band at RM715,000 to RM2,219,000. There is no RM500,000 unit in G'Vinton and there never was.
One media article also prints a ceiling of RM1.8 million. The permit says RM2,219,000. When a permit and an article disagree, use the permit — it is the document the developer is legally bound by.
What the permit gives you is a maximum and minimum per type, not today's price list. Campaign pricing, rebates and package terms sit inside that band and move. Message me for the current schedule.
How many units are there — 508 or 336?
508. The permit lists them by type: 106 Type A, 388 Type B, 14 duplexes. That adds up exactly.
The 336 figure circulating in a branded media article and several listing sites does not reconcile with the permit and I have not been able to trace where it comes from. Where a developer-supplied article and the developer's own gazetted notice disagree, I use the notice.
When will it be completed?
September 2028, per the statutory notice. Listing sites saying “late 2027” are roughly a year optimistic.
There is a second date worth putting in your calendar: the advertising and sale permit runs out on 10 December 2027, nine months before the stated completion. Permits are routinely renewed, so this is not a red flag by itself — but it is the sort of date you want to check again before you sign, and your solicitor can verify the renewal status at the point of the S&P.
Is this residential or commercial title?
The notice states the development type as Pangsapuri Servis — a serviced apartment. It does not state the land title category, and I could not find an official confirmation either way.
Serviced apartments in Malaysia are, as a rule, built on Bangunan Perniagaan (commercial) land, which means commercial assessment rates, commercial water and electricity tariffs, and a bank margin of financing that is typically lower than for a residential-titled condominium. One Penang property portal does tag this project as commercial, but that is a portal's classification, not a title search.
This is not a detail to take on trust from anyone, including me. Ask for a copy of the master title or have your solicitor do a title search before you pay the deposit — the ongoing cost difference over ten years is real money.
Should I look at G'Vinton or Noordinz Suites?
They are both in George Town and they are almost opposites, so this is usually an easy question once you know four things.
Location: G'Vinton is on Jalan Sultan Ahmad Shah on the north-west side, toward Gurney and Pulau Tikus, outside the UNESCO zones. Noordinz is at the Gat Lebuh Noordin and Pengkalan Weld corner on the south-east waterfront, in the quarter where the heritage controls sit.
Disclosure: G'Vinton publishes its full statutory permit — licence, permit, validity, unit counts, prices, completion. Noordinz publishes none of that on either of its official sites, and gives two different SSM registration numbers for its own developer entity across two pages.
Product: G'Vinton is 387 and 474 sq ft units plus 14 duplexes to 1,356 sq ft. Noordinz is a 377 sq ft studio and a 603 sq ft dual key, and nothing else. Foreign eligibility: G'Vinton has 14 eligible units; on the pricing available for Noordinz, it appears to have none.
If you want certainty about what you are buying, G'Vinton is the better-documented project. If you want the waterfront address and a dual-key rental split, Noordinz is the product — but go in knowing what has not been published.
What is the maintenance fee?
The developer has not published one. A figure of RM0.55 per square foot plus 10% sinking fund circulates on listing sites; it is not on any GSD document I could find, so I am not putting it on this page as fact.
On a 387 sq ft unit the difference between RM0.45 and RM0.65 per square foot is about RM930 a year. On a 1,356 sq ft duplex it is about RM3,250 a year. That is worth getting in writing before you sign, and I will ask the developer for the schedule on your behalf.
Is George Town's heritage height limit a problem here?
Not at this address, and the building height is the evidence. George Town's UNESCO core zone of about 109 hectares and its buffer zone of about 150 hectares sit in the south-eastern quarter of the city, around Weld Quay and Lebuh Pantai, where an 18-metre height control applies.
Jalan Sultan Ahmad Shah is outside those zones, which is why a 39-storey tower here received a building plan approval — MBPP/ILCS-OSC/PB1599/22, quoted on the developer's own notice.
I have not map-verified the parcel against the gazetted zone boundary myself, so if heritage-zone status matters to your decision, ask your solicitor to confirm it against the MBPP zone plan.
What has the developer not published?
Four things, and I would rather list them than paper over them. Bedroom and bathroom counts for every type — the numbers are only inside the drawings. The land title category — residential or commercial is not stated. The maintenance fee and sinking fund. And a verifiable coordinate or lot number for the site; the map buttons on the project website point at the sales gallery in Bayan Lepas.
The podium car park level count is also inconsistent between sources — eight levels in one article, nine in another.
None of these are deal-breakers. All of them are answerable by the developer in writing, and I will ask for them in writing rather than repeating an agent's version.
Malaysian buyer, or one of the fourteen?
If you hold a Malaysian passport, the whole 508-unit price schedule is open to you and I can tell you which stacks are actually left. If you do not, there are fourteen units in this building you are legally able to buy, and you should know what else on Penang Island competes with them before you commit RM2.2 million. Tell me which of the two you are and I will answer the right question.
No agent fee payable by the buyer on new developer launches
Louis Koh
11 years in Malaysian property · Johor Bahru & Kuala Lumpur new launches · English & 中文
I work with cross-border buyers from Singapore and with local investors. I'll tell you when a project isn't right for you — that's usually worth more than the brochure.
Published 2026-08-12 · Last verified 2026-08-12 against Sunrich Capital Sdn Bhd (GSD Land)'s published project material. Unit availability, pricing and completion dates are set by the developer and subject to change. This page is marketing information, not an offer or a contract.
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