Interest on heritage properties on the wane


  • Business Premium
  • Saturday, 23 Mar 2019

Put off: A general view of George Town. Low rentals, high selling prices and cost of restoring heritage properties are deterring investors.

THE interest to invest in heritage properties in George Town seems to be on the wane since 2017, Raine & Horne Malaysia senior partner Michael Geh says, although there are no official figures yet.

Geh says this is due to its low yield, the low rise in the quantum coupled with difficulty in getting renovation approval.

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