Penang may restore rent control in city heritage zone

Flashback: The recent front page report of The Star on foreigners snapping up pre-war buildings in the heritage zone.

GEORGE TOWN: The state government is looking at re-introducing the repealed Rent Control Act 1966 to prevent the inflation of property rentals in the George Town heritage site.

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