Shoplot for rent ‑ at ONLY 99sen

PENANG: It’s only 99 sen a month – that’s the “AirAsia” rate shop-owners at Pan Palace Plaza in Taman Lip Sin are offering in a bid to revive the commercial centre.

Fifty of the available 80 shops have been taken up so far this year. (available in 365sqft and 170sqft)

Below is the Payment Plan (calculated based on available information so no guarantees)
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Jan to Jun 09 = 0.99*6 = RM5.94
July to Dec 09 = 0.99*(365 sqft) *6 =(RM 361.35/month)*6=RM2168.1

• First Year cost = RM 2174.04

Jan to Jun 10 = 1.50*365*6=(RM 547.5/month)*6=RM3285
July to Dec 10 = 2.00*365*6= (RM730/month)*6=RM4380

• 2nd Year rental cost = RM 7665

Jan to June 11=(1300 to1500)*6 =RM8100 to 9000

• 3rd Year rental cost = RM 15600 to 18000 yearly

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* Maint charges = 45 sen per sq/ft. = 0.45*365=RM 164.25/month =RM1971/year

Jan to Sep 09 = Free. Landlord pay
Oct to Mar 10 = RM 492.75 (50/50)
April to Dec 11 = RM 1478.25 (pay Full)

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Full article here