Rising rental yields

Better yield: Old shophouses like this row along Jalan A.S. Mansoor have greatly appreciated in value in more ways than one.

HERITAGE buildings in George Town continue to draw investment interest, with renovated shophouses in the heritage core and buffer zones chalking up an increase of 50% to 100% in rental value since last year.

But is all this rush to cash in on tourist dollars resulting in unsafe buildings that do not meet fire safety regulations?