The former Lido cinema site which was converted to a supermarket which was burnt down, has been demolished recently.
A new development by Apple from Kuala Lumpur is being carried out.
Investments are now streaming into Jalan Kee Ann and Jalan Pasar Baru.
Vedramall is also being constructed next to this site.
Similarly, another piece of land besides the Melaka river has also been sold. It is awaiting development approval.