Analysts had mixed views over S P Setia Bhd's prospects. While some expected the Permodalan Nasional Bhd-owned property developer could achieve its sales target of RM4 billion for its financial year ending Dec 31, 2015 (FY15), there were others who pointed out S P Setia's declining sales over the years.

EcoWorld has two major upcoming projects in FY16, namely the 19.4-acre Bukit Bintang City Centre (BBCC) project next to the major shopping district in Kuala Lumpur worth RM8.8 billion and the 300-acre Eco Marina township in Batu Kawan, Penang, valued at RM10 billion.

S P Setia noted that the local property industry continues to face challenges due to current economic uncertainties, with a weaker ringgit, lower oil price, rising costs of living after the implementation of the goods and services tax, and tighter lending from banks

Some 1,000 acres (404.69ha) of land on the two isles to the south of Penang island that will be reclaimed as part of the state government’s land swap deal with SRS Consortium for the Penang Transport Master Plan (PTMP) have been earmarked for industrial development.

Property developer recently exited the UK market after its associate company SDB Guernsey Ltd entered into a sale and purchase agreement (SPA) with AL.AN SA for the sale of its freehold four-storey building in London.

Tesco and Enigma Square expected to catalyse Klang Valley’s southern corridor.

 The Swiss-based Mӧvenpick Hotels and Resorts will manage the five-star Mӧvenpick Hotel Kota Bharu. Usahama Seri Cemerlang Sdn Bhd is the landowner and developer of the project which has a gross development value of RM350 million.

The group's four projects in the central region contributed RM1.579 billion, testament to the underlying strength and resilience of demand in the Klang Valley and its surrounding areas which, collectively, have the largest population base and highest per capita income levels in the country

Sold for: RM3,200,000 or RM803psf; Concluded by: Marcus Lai Wai Hong of TE Realty (011-26338321); When: October, 2015

George Town Heritage Action’s Mark Lay said owners of property, including prewar constructions, in the heritage core and buffer zones were renovating and building without applying to the local council for a permit.