Upgrading all developers

In view of our increasingly bullish stance on the property sector and our upgrade of the sector from Trading Buy to Overweight, we are also upgrading all developers including SP Setia from Trading Buy to OUTPERFORM. SP Setia remains the core blue-chip holding in the property sector given its market leadership, size and management.

Investment highlights

Results highlights

KLCC, the darling of Malaysian real estate, may seem to have lost a bit of its shine due to the recent global economic crisis. Nevertheless, there is no doubt that KLCC remains among the most exclusive addresses in the country.

Belleview seeks greater exposure

It looks like the luxury-home market is still going strong, unlike the mainstream residential market, which has seen a slowdown in transactions since September, when the government introduced measures to quell speculation.

IPOH: Beginning Friday (Jan 1), flat, apartment and condominium owners here will only have to pay assessment rate of 10%.

Mayor Datuk Roshidi Hashim said the new rate would take effect on the first day of 2010 following a decision by the state government recently.

DUBAI: Burj Dubai, the world's tallest building by Emaar Properties, set to be inaugurated on January 4, 2010 to mark the fourth anniversary of the Accession Day of Sheikh Mohammed Bin Rashid Al Maktoum as the Ruler of Dubai, is setting new trends as well as world records in elevator and escalator installation and operation, Emirates News Agency (WAM) reported Thursday.