Its property development division will play a prominent role in its future plans. Undoubtedly, contributions from this segment could potentially fill the gap left by the loss of its passport project.

Officially launched on Nov 4, the hotel, which comes under the St Giles Premier Hotel banner, was developed and is operated by Tank Stream Holdings, a subsidiary of IGB Corp.

The local rental market is partly supported by the student population from Tunku Abdul Rahman University College.

As at end-October, S P Setia locked in new property sales of RM3.4 billion, meeting 86% of its 14-month sales target of RM4 billion for FY15, which was on track.

Weakening sectoral growth will be further worsened by the increase of in-house premix cement and concrete plants by the construction companies, such as IJM Corp Bhd and Gamuda Bhd, in order to reduce costs and control the concrete’s mixture quality, and intense pricing, product rivalries and entrance of various dry mix products.

The more recent developments here are increasingly upmarket.

Unbilled sales increased from RM3.99 billion in the third quarter (3QFY15) to RM4.16 billion in 4QFY15. EcoWorld did not declare any final dividends, below our expectation of one sen.

Served by the Wangsa Maju and Sri Rampai LRT stations, Wangsa Maju offers a relatively green environment only six stops away from KLCC.

The region’s mall scene is thriving despite a softening economy.