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Construction 28 Apr 2018 | 12:00 AM

Penang’s heritage property conundrum

THE selling price of heritage properties in George Town is expected to consolidate between RM550 per sq ft (psf) and RM1,800 psf because interest from overseas investors has waned due to unattractive rental yields and high asking price.

Business 15 Oct 2016 | 12:00 AM

Heritage property mismatch

Penang heritage property value surges, but not in tandem with rental yield

Business 06 Jul 2009 | 12:00 AM

Penang urged to adopt Italian model in preserving heritage properties

GEORGE TOWN: Initiatives to conserve Penang's heritage properties could assume the Italian model which involves the collaboration between the private and public sectors, according to the Penang chapter of the Malaysian Association of Hotels (MAH).

Business 23 Mar 2019 | 12:00 AM

Interest on heritage properties on the wane

THE interest to invest in heritage properties in George Town seems to be on the wane since 2017, Raine & Horne Malaysia senior partner Michael Geh says, although there are no official figures yet.

Business 03 Nov 2012 | 12:00 AM

Higher prices with heritage status

HERITAGE properties in Penang are now selling for RM600-RM1,200 per sq ft, depending on the historical and architectural characteristics of the property, the size and location.

Business 11 Jul 2006 | 12:00 AM

Centro to buy US malls firm Heritage for US$1.8bil

Australia's Centro Properties Group has agreed to buy major US mall owner Heritage Property Investment Trust Inc for US$1.83bil in its second significant US deal of the year.

Business 08 Feb 2013 | 12:00 AM

Australia rejects heritage listing for Tasmanian rainforest

SYDNEY: Australia Friday rejected a bid for blanket heritage listing of Tasmania's Tarkine rainforest, angering environmentalists who said it would allow mining and could threaten the Tasmanian devil.

Business 22 Apr 2008 | 12:00 AM

Hunza spending RM10m to restore heritage building

A heritage building in Hunza Properties Bhd's Gurney Paragon mixed development project will be modelled after the famous CHIJMES in Singapore.

Business 20 Jan 2007 | 12:00 AM

Hunza to spend RM6mil on repairing heritage building

Hunza Properties Bhd will spend about RM6mil to repair the heritage building located at its RM700mil mixed development site in Gurney Drive.

Business 14 Dec 2012 | 12:00 AM

Preservation of heritage is vital, bravo for reopening of Majestic Hotel

And in KL, we also dont have the new and old KL. It is one KL, the new and old combined into one, unlike the new and old Jakarta, or even Bangkok. Having said that, the problem we have is some of our old charms, the pre-war shop houses and buildings are pretty much abandoned. ... Preservation of heritage is vital ...