New launch and housing projects in Seberang Perai
One verified development is listed here for Seberang Perai: GEM Residences on Jalan Baru, Prai — 978 units in four 38-storey towers plus 15 ground-floor retail lots, by Regata Maju Sdn Bhd of the Belleview Group in joint development with SGX-listed LTC Corporation, with built-ups from 441 to 1,445 sq ft. No statutory advertising and sale permit, developer licence number or gazetted price ceiling is published on either official site, so no price band is shown here; business press reported selling prices starting around RM400,000 at topping out.
The developer's own drive-time panel puts Penang Sentral at 6 minutes, the Penang Bridge and Seberang Jaya Hospital at 8, the Prai industrial zone and Auto City at 10, Queensbay Mall on the island at 18 and Penang International Airport at 30. That is an employment catchment rather than a tourism one, which usually means steadier tenants and harder rent negotiations.
Seberang Perai is the reason Penang cannot be described with one foreign-buyer number. On the island a non-citizen needs RM1,000,000 for strata and RM3,000,000 for sub-sale landed. On the mainland the strata sub-sale floor is RM500,000 and landed is RM1,000,000. A lower RM400,000 tier existed for developer stock under Penang's Home Ownership Campaign for agreements signed during 2024 — do not assume it still runs in 2026. Budget the Penang state levy charged on foreigners at state approval and the flat 8% non-citizen stamp duty. Media coverage describes these 978 homes as carrying commercial titles; confirm that from the title, not from a headline.
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