Brokers' take

Singapore Residential Sector | Neutral (maintained) OCBC Investment Research, April 2

The Urban Redevelopment Authority (URA) flash estimate for the private residential property price index (PPI) showed a quarter-on-quarter (qoq) dip of 0.6 per cent for Q1. This was the second consecutive qoq dip.

Within the non-landed segment, the Core Central Region (CCR) fared the worst, with a deterioration of 2.9 per cent. For the Rest of Central Region (RCR) prices dipped 0.2 per cent qoq and the Outside Central Region (OCR) prices were level.