Penang mulling rent control of heritage properties


  • Nation Premium
  • Monday, 04 Jul 2016

Snapped up: A row of 11 pre-war shophouses in Noordin Street that were recently sold to Singaporeans.

GEORGE TOWN: The Penang government is looking at introducing a rent control enactment meant to prevent the inflation of heritage property rentals.

Chief Minister Lim Guan Eng said the move would stop gentrification that was driving the locals away from pre-war houses in the core and buffer zone of the island's heritage site.

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