City Developments Limited (CDL) and the UOL Group have been named CGS-CIMB Research’s top picks among the property sector as the month of July saw brisk home sales.

“With the residential market still enjoying brisk transaction activity, we prefer developers with visible residential pipelines and strong balance sheets that would enable them to tap into any opportunities during this slower cycle,” CGS-CIMB analyst Lock Mun Yee writes in an Aug 16 report.

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