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Penang Island City Council Is Leasing Two Historic Buildings for up to 45 Years, with an Estimated Rental Income of RM3.88 Million.

Summary by Buletin Mutiara
Photo caption: A two-story Grade II heritage building in Kampung Konam will be leased as a commercial center. /////// The Penang Island City Council will lease a two-story Grade II heritage building in Kampung Konam, George Town, and another heritage building in Bukit Mertajam to Mutiara Land Construction Sdn Bhd for commercial and tuition center use. The lease will be in a "15+15+15" format, with a maximum term of 45 years, and is expected to b…
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Photo caption: A two-story Grade II heritage building in Kampung Konam will be leased as a commercial center. /////// The Penang Island City Council will lease a two-story Grade II heritage building in Kampung Konam, George Town, and another heritage building in Bukit Mertajam to Mutiara Land Construction Sdn Bhd for commercial and tuition center use. The lease will be in a "15+15+15" format, with a maximum term of 45 years, and is expected to b…

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Buletin Mutiara broke the news on Friday, July 24, 2026.
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