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The George Town Central Business District (CBD) is the financial and political centre of the city of George Town, the capital of the Malaysian state of Penang.The financial district, which was first envisioned by the Penang Island City Council's Local Plan 2030, lies entirely within the city centre, and is home to much of the city's banking and financial services. [1]
In 2022, Village Grocer, a Malaysian premium grocery chain, opened its first Penang store at City Junction, becoming the mall's anchor tenant. [7] [8] Since then, the 217,000 sq ft (20,200 m 2) retail centre has attracted a range of lifestyle, and food and beverage (F&B) tenants, including CU Mart, Guardian, MR.DIY and Taco Bell. [9] [10] [11]
The area was then acquired by Ivory Properties Group and the Penang Times Square project, which consisted of five phases, began in 2005. [5] [6] As of 2016, Phases 1 and 2 have been completed. As part of Phase 2, M Mall O2O was officially launched in 2016. [2] The remaining three phases are expected to be completed by 2020. [1] [5] [7]
Penang Hill Railway's present-day funicular trains, introduced in 2011, climb some of the world's steepest slopes at an angle of 27.9°. [281] George Town was formerly at the forefront of public transportation in Malaya. The first trams, originally powered by steam, were launched in the 1880s and gradually expanded throughout the settlement. [50]
Penang Sentral is an intermodal transit-oriented development in Butterworth, Penang, Malaysia. Proposed as the main transportation hub within the George Town Conurbation , the first phase of the Penang Sentral project opened on 22 November 2018.
The Maritime is a mixed-use development complex within George Town in the Malaysian state of Penang.Located at Karpal Singh Drive, it consists of two residential skyscrapers collectively named The Maritime Suites, and The Maritime Piazza, the retail component of the mixed development.
[2] [5] [6] [7] The Town Hall housed the local government for George Town, the Municipal Commission of George Town and served as a venue for social events for the European elite. [1] [2] However, the Municipal Commission soon deemed the office space within the Town Hall to be insufficient. Hence, plans were drawn up for the construction of ...
Part of the city's central business district, it is also one of the oldest streets in Penang, having been created soon after the founding of the state by Captain Francis Light in 1786. [1] The concentration of Malaysian and international banks around Beach Street has made George Town the financial hub within northern Malaysia. [2]