SINGAPORE (Apr 3): CIMB is maintain the property and development sector at "overweight" with UOL and City Developments as top picks after q-o-q private homes price hike came in strongest in nearly eight years.

"We maintain our 2018 projections of 5% price appreciation and volume demand to reach 11,000-12,000 units," says analyst Lock Mun Yee who estimates Singapore-listed property stocks are currently trading at a 35% discount to RNAV.

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