Singapore's flattish residential property price trend is likely to bode well for local developers, as it is expected to keep policy risk at a manageable level, says Citi analyst Brandon Lee in a note. The city-state's private property prices rose 0.5% in 2Q on quarter, slowing from 1Q's 0.9% gain, he notes. While slower growth should reduce the risk of the city-state implementing policy changes, softer sales in certain regions and resale prices of Singapore public housing could cap prices for coming mass-market residential launches, the analyst says. These launches make up around 62% of the 2026 pipeline, he notes. Citi retains City Developments and UOL as its top sector picks. (megan.cheah@wsj.com)