Wednesday, March 21, 2012

Skyrocketing shophouses (in Penang) Part 2

Bought for RM2mil in 2008, Campbell House in Jalan Campbell is a 10-room hotel owned by Malaysia-born Nadya Wray and her Italian husband, Roberto Dreon



The Nam Wah Hotel property on Lebuh Chulia was sold for RM7mil recently



Located within the heritage zone, the centre shophouse (painted in yellow and white) in Lorong Carnavon was sold for RM1.2mil while the derelict unit on the left sold for about RM700,000








In the middle of 2011, Gooi paid about RM2mil for his double-storey shophouse at Lebuh Kimberley


Certain suites of the Chinese-themed 1881 Chong Tian Hotel cost over RM2,000 a night


Depending on the built-up area, restoring pre-war shophouses can cost at least RM200,000 for a double-storey unit and considerably more for a triple-storey house.



Seah (left) says he spent RM10mil restoring and refurbishing his 1881 Chong Tian Hotel. Lim and Jo (right photo), bought their colonial house on Jalan Clove Hall for close to RM8mil.


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