Unveiling a retail gem. That’s what we are about to do at Penang Plaza. Completed in 1982, Penang Plaza was George Town’s first shopping mall. It stands on Burmah Road in the city’s Central Business District. This 10-story complex covers 138222 square feet.
Penang Plaza includes three retail floors. It also has a seven-story tower. This tower houses offices and maintenance areas. There are 88 car park bays here.
Did you know that Penang Plaza serves as an annexe to the adjacent Hotel Royal? Giant is the main anchor tenant. Newer malls have caused declining foot traffic.
Penang Plaza preceded Komtar and Island Plaza. GAMA Supermarket had opened earlier in 1967. By the late 1980s, Penang Plaza, Komtar, and GAMA were the top shopping spots.
Local real estate firm Faber Kompleks owned Penang Plaza and the Dorsett Penang Hotel. Dorsett Hospitality International managed the hotel. They did not own the property.
Hotel Royal Limited, a Singapore-based company, bought Penang Plaza and the hotel in 2008. Before the purchase, Penang Plaza’s net value was RM18.9 million. Renovations took place from 2009 to 2010.
Despite renovations, Penang Plaza struggled. It faced competition from newer malls. Local media called it a white elephant. The COVID-19 pandemic further impacted the mall and hotel. Hotel Royal Limited laid off staff. Penang Plaza remained open during the pandemic.
Penang Plaza sits at Burmah Road and Jalan Larut junction. It is within George Town’s Central Business District.
Imagine Penang Plaza in its prime. The modern sophisticated finishing came after a 2010 revamp. You could find Giant Supermarket here. Guardian Pharmacy was also a popular tenant.
Penang Plaza offered shop and office lots. These catered to various businesses. You could find retail stores and supermarkets. Food and beverage options were available. There were also gifts and souvenirs. Houseware and furnishings were sold here. Sundry and services shops added to the mix. Clothing stores completed the offerings.
Today, Penang Plaza stands as a testament to George Town’s commercial history. Although it faces modern challenges, its legacy remains.