Built in 1875, the building is situated at Light Street within the city's Central Business District.

It was originally the residence of Chinese tycoon Foo Tye Sin.

In 1986, the building was acquired by MUI Group, and it currently serves as a branch of Hong Leong Bank.

By the late 19th century, Light Street served as the administrative centre of Penang and was characterised by its distinct European influence.

[2][3] The residence was erected for Foo Tye Sin, a local Chinese tycoon who contributed as a community leader during the official inquiry into the 1867 Penang riots.