Plans for a new 7-storey mall
The old Jaya Shopping Centre building is an investment property under CIMB-Mapletree Real Estate Fund 1 (CMREF 1) currently managed by real estate fund management company CIMB Mapletree Management Sdn Bhd — a 60:40 joint venture between CIMB Group and Singapore’s Mapletree Investments Pte Ltd.When contacted, CIMB-Mapletree Management said it would be premature to comment as the authorities are