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Last weekend, the prestigious GEM Residences project was unveiled at a grand event held at the JW Marriott Hotel in Hong Kong. 

Hosted by three agency partners of Knightsbridge Partners, the event showcased the luxury living and investment potential of this new development in Penang, often referred to as the Silicon Valley of the East.

The event took place on 1-2 June 2024, offering sessions at 12 PM (in English) and at 2 PM or 4 PM (in Cantonese) in JW Marriott Hotel Hong Kong.

GEM Residences offers a blend of luxury, convenience, and strategic advantages. The 3-bedroom units start from HKD 1.1 million, with sizes from 1,050 sq.ft. and a price per square foot of HKD 988. The downpayment is from HKD 110K only, and mortgage plans are available up to 70%. The project promises a projected rental yield of up to 7% per annum.

Strategically located in the heart of Seberang, it is adjacent to Malaysia’s biggest SOGO and the first in Penang. Residents will enjoy a 2-minute walk to GEM Mall, the largest mall in Penang with over 1.2 million sq.ft. The future LRT interchange is directly accessible, and it’s only a 7-minute drive to Penang Bridge, leading to George Town, and a 30-minute drive to Penang International Airport. Notably, Penang is ranked the 3rd best island in the world to retire.

The development boasts over 40 clubhouse facilities, including an Olympic ocean pool, BBQ terrace, yoga and aerobic rooms, an outdoor fitness area, and a chess garden. Real estate agencies were encouraged to join the Global Agency Network of Knightsbridge Partners, further enhancing the project’s global outreach and appeal.

Interested in learning more? Schedule a private consultation with our agency partners:


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