Foreigners buying up Penang’s heritage properties | Free Malaysia Today: "GEORGE TOWN: Gerakan has urged the Penang government to stop foreigners and non-Penangite Malaysians from buying heritage properties in the state.
Penang Gerakan Secretary Oh Tong Keong suggested this as a first step towards a general control to protect the right of Penang-born Malaysians to own properties in the state.
“Such control will also control the surging property prices in Penang,” he told FMT today.
He claimed that outsiders had been buying up “rows of heritage structures” in the Unesco-recognised inner city heritage zone, covering Lebuh Muntri, Love Lane, Lebuh Chulia and the surrounding vicinities.
He warned that ownership of heritage properties by outsiders would compromise the state’s international heritage status."
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Thursday, October 30, 2014
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