Thinking of Doing Business in George Town?
By Lim Sok Swan
July 2018 FEATURE
According to a recent article by The New York Times, a nineteenth-century shophouse in George Town, which was purchased by a couple in 2009 for nearly RM595,000 and cost approximately RM298,000 to renovate, is now valued at over RM2.75mil.1In nine years, the price has more than quadrupled. The average transaction price for such properties is now at about RM1,800 per square foot, from RM300 pre-2008.2Many buildings in George Town are used for commercial purposes, and certain activities in specific areas are...
Lim Sok Swan
is currently focusing on heritage studies. She believes that more understanding among different groups and cultures can make Malaysia a better home for all.
