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3 property developers to 'buy' amid rising real estate opportunities

Stanislaus Jude Chan
Stanislaus Jude Chan11/17/2017 03:11 PM GMT+08  • 4 min read
3 property developers to 'buy' amid rising real estate opportunities
SINGAPORE (Nov 17): Maybank Kim Eng Research remains positive on the Singapore real estate sector, even as its stock prices have rallied strongly, climbing close to 30% so far this year.
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SINGAPORE (Nov 17): Maybank Kim Eng Research remains positive on the Singapore real estate sector, even as its stock prices have rallied strongly, climbing close to 30% so far this year.

“We believe the sector is in the early stages of a recovery and recent share-price weakness on the back of profit taking should be an opportunity to raise exposure,” says analyst Derrick Heng in a report on Thursday.

In addition, he says the positive stance is validated by a quarter-on-quarter rebound in the Urban Redevelopment Authority’s (URA) 3Q17 property price index (PPI), which marks a “turning point” in home prices.

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