‘Raid’ by foreigners continues

Prime area: Hong Kong investors own this row of five pre-war houses and another 50 around this place at the corner of Penang Road and Keng Kwee Street since the late 1970s.

GEORGE TOWN: More information has surfaced, confirming that foreigners own pre-war real estates in the city by the blocks. And this time, it is the “sweetest spot” in the heritage enclave.

Hong Kong nationals own 55 houses around the 80-year-old Penang Road Famous TeoChew Chendul, where busloads of tourists throng daily for the sweet dessert.