Pre-war shop rent too high

Heirloom houses: Pre-war houses lining a road in Penang, among many that areaffected by the dramatic rental increase imposed on Jan 1.

GEORGE TOWN: A drastic increase in rentals has forced 34 tenants to move out of the 55 pre-war properties along Penang Road, Kimberley Steet and Lim Chwee Leong Road.

The rentals have increased dramatically by 100% to 700% since Jan 1 when the new rates took effect.