Posted: 25 January 2013 0920 hrs

SINGAPORE

The resale price for HDB flats reached record high in fourth quarter of 2012 but the price increases for the year were slower compared with the previous year.

The HDB’s Resale Price Index (RPI) rose to 202.9 in the fourth quarter, an increase of 2.5 per cent over the previous quarter.

The Housing and Development Board said on Friday that this is the same as the flash estimate released on January 2 this year.

However, the RPI growth for 2012 eased to 6.6 per cent. This is lower that the double digit growth of 10.7 per cent in 2011, and 14.1 per cent in 2010.

Resale transactions fell to 5,631 cases in the fourth quarter, a drop of about 14 per cent on-quarter.

For 2012, the total number of resale transactions rose by about two per cent to 25,094.

– CNA/fa