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Landed properties worth RM500mil left abandoned


Fate unknown: Abandoned properties in Lorong Ariffin, George Town. — ZHAFARAN NASIB/The Star

GEORGE TOWN: Landed properties valued at more than RM500mil are rotting in space-scarce Penang island, where residential and commercial buildings fetch lucrative prices.

Penang Island City Council (MBPP) councillor Wong Yuee Harng (pic) said that while more than RM300mil worth of heritage and pre-war buildings (commercial and residential) were left unoccupied, several buildings put up later were in a similar predicament due to the Covid-19 pandemic.

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