Penang’s heritage property conundrum

By DAVID TAN

High price low yield: Heritage properties in inner George Town. The prices have skyrocketed over the past few years. — LIM BENG TATT / The Star

High asking price and unattractive rental yields put off investors

THE selling price of heritage properties in George Town is expected to consolidate between RM550 per sq ft (psf) and RM1,800 psf because interest from overseas investors has waned due to unattractive rental yields and high asking price.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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Business , heritage

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