Penang Development Corporation (PDC) has called for proposals to purchase and develop a significant parcel of Penang State Government and PDC-owned land located within the George Town UNESCO World Heritage Site, marking one of the more notable redevelopment initiatives within the protected heritage zone.
According to the Request for Proposal (RFP), the project involves land situated in Section 23, Northeast District, Penang Island. The tender is open to both local and international companies or consortiums.
Interested parties may purchase the RFP document from 26 January to 26 February 2026, at a non-refundable fee of RM5,000. The documents can be obtained from PDC’s Property Development & Management Division in Bayan Lepas, with payment made via online transfer. Upon confirmation of payment, the RFP may also be issued electronically.
PDC has indicated a departmental indicative price of RM343.73 million for the land. However, it emphasised that this figure is an estimate only and is not binding, nor does it guarantee project award or completion based on the stated amount.
Tenderers are expressly prohibited from entering into any form of price-fixing or cartel arrangements during the tender process. Submissions must be made in sealed envelopes and deposited at PDC’s Procurement Division by 12.00 noon on 30 March 2026.
The redevelopment proposal forms part of PDC’s broader efforts to rejuvenate government land within George Town’s heritage core, where development is subject to stricter planning controls and conservation requirements. Further details, including development parameters and evaluation criteria, are contained within the full RFP document.
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