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Pre-war shop rent too high


  • Nation
  • Saturday, 20 Feb 2016

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

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.

   

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