 In addition, in 2016, George Town was rated as the most attractive destination for commercial property investment within Malaysia by Knight Frank, surpassing even Kuala Lumpur.In 2015, the Malaysian federal government elevated the Penang Island Municipal Council into the present-day Penang Island City Council, thereby expanding the jurisdiction of George Town to encompass the entire Penang Island, as well as five of the surrounding islets.This also made George Town the only Malaysian city to have been conferred its city status twice.