The four-star Cititel Penang, a 19-storey hotel along Penang Road in George Town, has been put up for sale at an asking price of RM163 million through an expression of interest (EOI) exercise. The hotel occupies three freehold parcels, Lots 832, 833 and 834, with a combined land area of nearly one acre.

Owned by Cahaya Utara Sdn Bhd, the 451-room hotel is managed by Cititel Hotel Management Sdn Bhd (CHM), the hotel management arm of IGB Bhd. Built in 1997, Cititel Penang has undergone various refurbishments over the years and remains a long-established hotel in the city centre.

The property is located within the George Town heritage enclave, with views towards the North and South Channels and the Penang Bridge. It is also within walking distance of Komtar and the UNESCO World Heritage Site core zone.

According to Rahim & Co Chestertons, which is handling the sale, the EOI exercise will close on Sept 30. The property is being positioned as a sizeable freehold hotel asset in a central George Town location, with potential for future value enhancement.

The proposed sale comes amid continued expansion in Penang’s hospitality sector. About 13 new hotels opened between August 2023 and 2025, adding more than 2,300 rooms, while around 10 hotels are currently under construction and another 11 have received approval.

The island has also seen several established hotel assets being refurbished or repositioned. Hotel Equatorial Penang in Bukit Jambul is undergoing refurbishment after being closed since 2021, while the former Penang Mutiara Beach Resort in Teluk Bahang is being transformed into the InterContinental Penang.

Other recent additions include the Penang Marriott Hotel and Marriott Executive Apartments along Gurney Drive, as well as new international brands such as Capri by Fraser, JdV by Hyatt and Galaxy Minyoun Penang.

For a potential buyer, Cititel Penang offers an established hotel operation on freehold land in a mature part of George Town, where opportunities for sizeable hotel sites in central locations are relatively limited.

About Merione Residences

Merione Residences is a freehold waterfront residential development by IJM Land located within The Light City in Gelugor, Penang. Situated above Merione Grand at The Light Waterfront, the development comprises 145 low-density units with built-up areas from 1,055 sq ft, featuring three-bedroom layouts and private balconies. Residents have access to lifestyle facilities, dedicated parking and a covered connection to nearby commercial, retail, hospitality and future transit facilities within the waterfront precinct.

Find out more about Merione Residences

A full moon reminds us that there’s no place quite like home.

Mid-Autumn is a season for reunion, togetherness and celebrating with the people we love. And while you’re out enjoying the festive atmosphere, why not take a little time to explore a home for your next chapter too?

Whether you’re looking for your first home, a home for your family, or your next property, visit Iconic’s Mid-Autumn Property Roadshow! ✨

The roadshow will showcase a range of residential options, including:

• Iconic Harmony – Affordable Homes
• Iconic Vue – Affordable Homes
• Iconic Skies – Luxury Condominium
• Future Project – A preview of an upcoming development

Iconic’s sales team will be there to walk you through the available properties, answer your questions, share the latest promotions and packages, and help you explore which home could be the right fit for you. 🔑

No need to just browse online! Come down, have a chat with the sales team, view the available options and take the first step towards owning your own home! 🏠✨

Mid-Autumn Property Roadshow

• Date: 24–27 Sept 2026
• Time: 10AM–10PM
• Venue: Sunway Carnival Mall, LG (In front of Black Canyon)

Drop by Iconic’s booth. Meet the sales team. Explore your options. And who knows? This Mid-Autumn could be the season you find a home to call your own.

For more information, please call:

• 016-4583222
• 016-4289888
• 012-7397888

See you at Sunway Carnival Mall!

Source: Buletin Mutiara

Setia Fontaines Heritage Park, a new 100-acre recreational and tourism attraction in Seberang Perai Utara (SPU), was officially opened today by the Yang Dipertua Negeri Pulau Pinang, Tun Ramli Ngah Talib.

Developed by SP Setia Berhad, the modern recreational park is positioned as a new family-oriented destination in Kepala Batas, featuring a 62-acre man-made lake, extensive green landscaping and a synchronised musical fountain.

Penang State Executive Councillor for Tourism and Creative Economy Wong Hon Wai said the new park would provide more recreational opportunities for families and the local community while creating another attraction for visitors to Kepala Batas and Seberang Perai Utara.

He said the development was also aligned with the Penang2030 vision of improving liveability and quality of life while expanding the spillover benefits of tourism across the state.

“The park is not merely a space for recreation, but a destination that can be enjoyed by families and the community,” Wong said.

He added that the attraction could help generate local economic activity and provide longer-term benefits to surrounding communities through closer cooperation between the state government, local authorities, private sector and residents.

The opening ceremony was attended by Penang State Secretary Dato’ Dr. Jafri Abdul Jalil, Seberang Perai City Council (MBSP) Mayor Dato’ Baderul Amin Abdul Hamid, as well as SP Setia President and Chief Executive Officer Datuk Zaini Yusoff and Chief Operating Officer Datuk Yuslina Mohd Yunus.

The opening of Setia Fontaines Heritage Park adds another major recreational component to the Kepala Batas development landscape, further strengthening the area’s positioning as a growing urban centre in Seberang Perai Utara.

With its sizeable lake, landscaped open spaces and tourism-oriented facilities, the park is also expected to become an important lifestyle amenity for residents in the surrounding Setia Fontaines township and neighbouring areas.

About The Cube

The Cube is an affordable housing development by Morning Dew Development Sdn. Bhd. located along Lorong Perak in Jelutong, Penang. Situated on approximately 2 acres of freehold land, the development comprises a 38-storey residential tower with 349 units, ranging from 850 sq ft to 1,000 sq ft. The project also includes a 10-level multi-storey car park podium and retail and commercial lots on levels 1 to 5.

Find out more about The Cube