SINGAPORE (Dec 1): Concerns of a rise in interest rate hurting the Singapore property market have been overblown and that the Singapore listed property developers offer an attractive proposition, UOB Kay Hian says in a note.

City Developments, Wing Tai and Mapletree Logistics Trust are among the its top picks for the house.

“Developers are trading near undeserving crisis valuations and offer an attractive 7:1 reward-to-risk proposition," says UOB Kay Hian which maintains an overweight stance on the sector.

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