Penang mulling rent control of heritage properties


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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

Advancing social protections to bring diversity and inclusion for women in Malaysia’s workforce
RHB sets its sights on net zero by 2050
Disability, the neglected piece of the DEI puzzle
Exploring the impact of purpose on brand growth in South-East Asia
Is the construction industry just a ‘boys’ club’?
Remembering marginalised Malaysians
MACC probing Mahathir
Social media user being probed over comments
Indonesia, Johor to boost trade, tourism
Top China scholar to headline new ‘Master Series’

Others Also Read