Maybank Kim Eng Research is reiterating its “positive” stance on Singapore property developers, amid fresh data points which reinforce its predictions of a property price rebound.

“New launches this year have achieved significant premiums over comparable projects launched in recent years. The price rebound appears to be broad-based with strong performance across all market segments,” says analyst Derrick Heng in a sector report on Tuesday.

Using housing transactions data up to mid-March, the Urban Redevelopment Authority (URA) has released preliminary estimates its private residential property price index (PPI) will rise by 3.1% q-o-q in 1Q18.

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