Exclusive

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.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

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

Combating online fraud a community initiative in Sabah
Govt serious about reform, more Bills to be tabled soon, says Fahmi
M. Nasir to receive honorary doctorate at UPSI convocation
NSE expansion in Johor won't affect holiday traffic in first half of 2025, says Ahmad Maslan
Nurul Izzah invited on overseas trip in her capacity as think tank chairman, says Fahmi
ICC's arrest warrants for Netanyahu, Gallant appropriate, says Anwar
King celebrates 66th birthday with family in Johor
Govt saved RM900,000 by using chartered jet for PM's overseas trips, says Fahmi
S'gor govt yet to receive update on probe into Faisal Halim's case
All eyes on who will be Sabah's next Yang di-Pertua with Juhar's term ending Dec 31

Others Also Read