LONDON: A gust of wind howls around Battersea Power Station, an industrial wasteland by the Thames whose coal-fired furnaces were once used by the Bank of England to burn millions of pounds worth of banknotes.

A couple of tourists who have ventured off the beaten track around Buckingham Palace stand on tiptoe as they strain to photograph the gargantuan structure over a high screen.

DUBAI: Started at the height of the economic boom and built by some 12,000 labourers, the world's tallest building opens on Monday Jan 4, 2010 in Dubai as the glitzy emirate seeks to rekindle optimism after its financial crisis.

KUALA LUMPUR: The new royal residence along Jalan Duta here is 70% complete and is on track to be completed by November 2010, according to an official with the Public Works Department.

• Upgrade to OVERWEIGHT. We believe concerns over the 5% RPGT are overblown and provide investors a window of opportunity to pick up property stocks on the cheap. The sector’s fundamentals are improving significantly.

Upgrading all developers

Upgrading all developers

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.