SINGAPORE (July 7): Maybank Kim Eng is maintaining its “positive” rating on Singapore’s property sector after collecting feedback from investors in Hong Kong.

In a Thursday report, analyst Derrick Heng says Hong Kong investors were expecting incremental policy measures to further drive a re-rating in the sector despite the strong YTD share price rally.

The analyst says the investors generally prefer residential developers as an impending rebound in home prices will provide a sector catalyst. This is followed by commercial and industrial REITs.

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