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| Location | Tanjong Tokong,George Town,Penang |
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| Coordinates | 5°27′02″N100°18′21″E / 5.45046°N 100.30588°E /5.45046; 100.30588 |
| Address | 118, Jalan Tanjong Tokong, 10470Tanjong Tokong,George Town,Penang,Malaysia |
| Opening date | 1995 |
| No. of floors | 4 |
| Website | island88 |
Island 88, formerly known asIsland Plaza, is a shopping mall withinGeorge Town in theMalaysian state ofPenang. Located at the suburb ofTanjong Tokong, the 500,000 sq ft (46,000 m2) retail complex was opened in 1995.[1] After facing a decline due to the emergence of newer shopping malls throughout George Town, it was rebranded as Island 88 in 2023 byHong Kong real estate tycoon Paul Law.[2][3]
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Island Plaza was launched in 1995 at a cost of RM200 million.[1] Touted as the most luxurious retail complex inPenang at that time, it was at the forefront of introducing high-end brands likeVersace,Fila,Oshkosh B'gosh andMizuno into Penang.[3][4] In 2005,Metrojaya became Island Plaza's anchor tenant by opening its first department store in Penang within the mall.[5]
The Asian Retail Mall Fund II (ARMF II), a real estate fund managed byPrimerica, purchased Island Plaza in 2007 and spent RM40 million on its renovation.[4] However, due to the emergence of numerous shopping malls throughout George Town and the lengthy renovation, Island Plaza began to decline gradually.[1][2][3] Metrojaya's department store was closed in 2011, and ARMF II started looking for investors to sell Island Plaza.[4][5]
In 2020, just before theMovement Control Order caused by theCOVID-19 pandemic, Paul Law, aHong Kong property magnate, acquired Island Plaza for an undisclosed sum.[1][2][4] The mall underwent rebranding in 2023 and was renamed Island 88.[2] The revitalisation of Island 88 will involve the integration of Hong Kong-inspired dining establishments and lifestyle outlets.[1]
Island 88 is situated oppositeCity Residence, at Jalan Tanjong Tokong, the main thoroughfare running throughTanjong Tokong.
 Shopping centres inGeorge Town | |
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| Shopping malls | |
| Department stores | |
| Mixed-use developments | |