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Event Details

Date: 25 & 26 July 2026 (Sat & Sun)
Time: 10:00 AM – 5:00PM
Venue: Paramount Utropolis Sales Gallery, Batu Kawan

The century-old 1926 Heritage Hotel Penang has officially reopened following a RM20 million restoration, marking a new chapter for one of Penang’s historic landmarks.

Located along Jalan Burma, the boutique hotel has been transformed under The Unlimited Collection by The Ascott Limited, combining heritage conservation with modern hospitality while preserving its distinctive Anglo-Malay architectural character.

Originally built in 1926 as residences for British officials, the property now offers 78 rooms and suites spread across 24 interconnected heritage link houses. The restoration carefully retained the building’s historic charm while introducing contemporary facilities to create an urban resort experience.

Chief Minister Chow Kon Yeow, who officiated the launch, said the successful restoration demonstrates how heritage buildings can be given a new lease of life while contributing to Penang’s tourism industry. He also welcomed the collaboration with The Ascott Limited, saying the partnership would provide the hotel with greater international exposure while preserving its unique heritage identity.

The hotel is owned by the Penang Development Corporation (PDC) and was redeveloped through an open tender exercise before being entrusted to The Ascott Limited for management. Chow described the project as a successful example of how private sector participation can play a vital role in conserving heritage assets.

The hotel also features a range of lifestyle offerings, including Sensorium Wellness spa, Root House by Gen restaurant, The Heritage Collection by Daily Coffee, U-Bar, U-Shop, as well as curated artworks by Penang-born artist Koay Shao Peng, providing guests with an experience that reflects Penang’s local culture and creativity.

Ascott Malaysia Country General Manager Mondi Mecja said Penang remains one of the company’s key growth markets, noting that today’s travellers increasingly seek authentic stays that connect them with local culture and heritage.

The reopening of 1926 Heritage Hotel Penang adds another distinctive accommodation option to the state’s hospitality landscape while highlighting the growing trend of adaptive reuse, where historic buildings are carefully restored and repurposed to preserve their legacy for future generations.

About Ideal Business Hub

Ideal Business Hub is a 28-acre freehold industrial development within Penang Technology Park @ Bertam, comprising 88 light industrial factories in bungalow, semi-detached, and cluster configurations. Located about 5km from the Bertam toll plaza, it has access to major transportation routes and features layouts with 9.15m high ceilings and column-free spaces to support storage systems and large machinery. The project is scheduled for completion in first quarter of 2027.

Find out more about Ideal Business Hub

The Penang government has appointed PricewaterhouseCoopers Advisory Services Sdn Bhd (PwC) to prepare the key policy documents for the proposed Penang International Financial Centre (PIFC), marking a significant step towards establishing the state as a technology-driven financial hub.

Chief Minister Chow Kon Yeow said PwC was officially appointed on June 15 after receiving approval from the PIFC special task force committee. The consultancy has been given 20 weeks to complete three core documents — the PIFC White Paper, a strategic blueprint and an action plan.

According to Chow, the White Paper will outline the strategic rationale, regulatory framework and overall direction for the initiative, while the blueprint and action plan will cover governance, infrastructure, incentives and phased implementation.

At a task force meeting on July 17, PwC presented its progress on the White Paper. Preliminary findings indicate that the proposed financial centre will leverage Penang’s established position in the global electrical and electronics (E&E) supply chain, while creating opportunities to drive innovation in related industries and strengthen long-term economic growth.

PwC has also been tasked with engaging regulators, academics, industry players and strategic partners from both Malaysia and abroad to ensure the proposals are comprehensive, practical and aligned with the country’s technology ecosystem.

Chow expressed confidence that the PIFC would catalyse the development of a technology-driven financial ecosystem, enhance the competitiveness of the northern region and contribute to Malaysia’s future economic development.

The state government has previously said the PIFC initiative aims to nurture more home-grown champion companies. The White Paper, expected to be completed by the end of July or early August, will provide a comprehensive development framework and implementation roadmap for the proposed international financial centre.

The Penang state government will apply for additional funding under the Malaysian Road Records Information System (Marris) to upgrade ageing roads, drains and other public infrastructure in three areas within the Bagan Dalam state constituency.

Chief Minister Chow Kon Yeow said the request followed concerns raised by Bagan Dalam assemblyman Kumaran Krishnan, who highlighted residents’ complaints about deteriorating infrastructure, much of which is more than two decades old.

The proposed works cover road resurfacing, road shoulder repairs, and improvements to drains and drainage systems in Taman Mewah, Taman Bagan and Kampung Benggali.

Chow said Penang receives about RM300 million annually under Marris, but the allocation is insufficient to meet the growing demand for maintenance projects across the state.

He noted that MBSP would use its existing maintenance budget to address urgent safety issues such as potholes, while larger-scale upgrading works would depend on securing additional funding.

According to Chow, MBSP received RM99 million under Marris this year, significantly lower than its RM150 million request, and the entire allocation has already been committed to ongoing projects.

Meanwhile, Kumaran said discussions with the Village Community Management Council (MPKK) and councillors identified urgent infrastructure needs in the three areas, which include low-cost housing, commercial zones and two schools.

Residents have complained about uneven, potholed roads that have only received temporary patching due to limited funding, as well as inadequate drainage that has led to flooding during high tides, affecting homes and businesses.

MBSP has estimated the upgrading costs at RM1.965 million for Taman Mewah, RM1.415 million for Taman Bagan and RM2.63 million for Kampung Benggali.

Marris is a federal allocation provided to state governments for road maintenance, with its scope now extended to include the repair of drains and slopes.