‘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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Property , heritage , property , penang

   

Next In Nation

Master AI to shape own moral values, cultural impact in technology, says PM
KKB polls: Pakatan’s Pang launches five-point manifesto
Govt to announce news on housing issue involving five estates in Bestari Jaya soon, says Nga
Allegations of excessive debts against Khairul are false, says Azmin
Three senior officers arrested for alleged extortion, says IGP
IGP: Chief editor of English portal to be questioned over 'Forest City casino' claim
Anwar never sidelined Indian community, says Ramanan
KKB polls: Nga ready to cooperate with EC over allocation announcement
Media practitioners urged to exercise freedom of expression responsibly
Routine police stop ends in comical chase in Meru

Others Also Read