Penang’s heritage property conundrum

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.