(Jan 10): Credit Suisse Group AG and Morgan Stanley are calling the end of Singapore’s property downturn, after a second consecutive quarterly increase in private residential prices.

Home prices may rise as much as 10% this year, according to analysts at Credit Suisse, while Morgan Stanley and OCBC Investment Research expect as much as an 8% increase, according to reports from the brokerage firms.

Private residential prices rose for a second straight quarter in the period ended Dec. 31, reinforcing signs that the city-state’s property market is emerging from a four-year slump. For 2017, prices rose 1% compared with a 3.1% decline in 2016, data from the Urban Redevelopment Authority showed.

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