CGS-CIMB Research analyst Lock Mun Yee has maintained her ‘overweight’ rating for the Singapore property sector after the property price index flash estimate for 1Q2021 showed that private home prices rose 2.9% q-o-q, compared to 2.1%  in 4Q2020.

The data, sourced from the Urban Redevelopment Authority, showed that prices in the Rest of Central Region (RCR) delivered the strongest improvement, growing 6.1% q-o-q. 

In comparison, prices in the Outside Central Region rose only 0.9% q-o-q, while prices in the Core Central Region declined 0.3% q-o-q.

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