The Prangin Heritage Square project was announced by Penang Chief Minister Lim Guan Eng on 1 August, 2012, when he visited the site. It is undertaken as part of Phase V of the Komtar urban redevelopment programme. The project will include the preservation of the Sia Boey Market Building, the shophouses along Maxwell Road and the clean-up of Prangin Canal.
View of the Heritage Square area from above (21 April 2012)
The Prangin Heritage Square project is intended to bring life and vibrance to this once run-down part of George Town. The shophouses along Maxwell Road will house cafés, teahouses, craft shops and souvenir shops. Also in the plan is the setting up of a street food area and general landscaping.