1. Prior to the inscription, the real estate value of properties be it core zone or buffer zone were at RM500 per square foot (psf) and less. Now with its newly achieved status, the real estate value encompasses the two zones has surpassed RM1000 psf mark. This is revitalizing its real estate industry. Penang Property | Higher prices with heritage status .
2. It provides jobs for locals and tour agencies. There are classes been conducted to ensure that the heritage tourist guides are properly equipped with knowledge so as to conduct group tours on heritage trails. Retails around the core zone has put up Rent-A-Bicycle and other trades like handicraft to boost further the tourism industry.
Rent-A-Bicycle at Chulia Lane, Penang
3. Beautifying and stellar rating George Town. A lot of dilapidated houses on the two zones have been given new life with refurbishing been carried out. Some of these houses have been approved for 'change of use' from residential to commercial and hotel like the famous heritage Yeng Keng Hotel at Chulia Street, Penang. Refer to my discussion with Ms Lim Chooi Ping: Unesco Penang | Penang City | World Heritage City of Georgetown Zoning Classification - Part2(discussion with Ms Lim Chooi Ping of Georgetown World Heritage Inc.)
4. Penang is rich for its history, art, craft, food and architecture. Murals been painted to depict its state of reborn and its history of streets well documented, galore of foods that Penang is famous for: 3 Reasons Why You Should Visit Penang, Malaysia | Good food in Penang | Retire in Penang | Tourism Penang | and architecture like St George's Church. You can enjoy all these in one place that I called Penang.
St. George's Church at Farquhar St., Penang
Line Clear's nasi kandar at Penang Road
5. With UNESCO World Heritage Site listing, it comes with UNESCO World Heritage regulations. To abide and conformance to its strict rules such as height control, makes Georgetown a better place to live and not embedded with skyscraper. Penang has its share of skyscrapers along its famous Gurney Drive, Tanjung Tokong, Tanjung Bungah and Batu Ferringhi tourist belt area.
Gurney Drive's skyscraper condominiums, Penang
This article has been written by VULCAN INT'L Real Estate Research Institute http://www.vulcanresearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .
VulcanInternational could be contacted at +6 016 451 1321 .
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