Brokers' take

Singapore Residential Sector | Neutral (maintained) OCBC Investment Research, March 18

Following a turbulent 2018, a more risk-on market sentiment this year has aided a recovery in share prices of the Singapore developers under our coverage.

After a soft January, private home sales in February showed a more encouraging uptick of 4.4 per cent quarter-on-quarter and 18.5 per cent year-on-year to 455 units (excluding Executive Condominiums).

This was driven in part by the government's announcement in late-January on the new Cross Island L…