Year on year, resale prices were up by 8 per cent. Last quarter's HDB resale prices are also just 5 per cent lower than their peak price recorded in the second quarter of 2013, said Ms Christine Sun, OrangeTee & Tie's senior vice-president of research and analytics. At the current pace of price growth, a new peak may be formed by the second half of this year, she said. Prior to their recovery from the second half of 2019, HDB resale prices had notched six straight years of decline from 2013 to 2018. Citing HDB data, Ms Sun said average prices in the January to March period rose quarter on quarter in 22 of the 26 HDB towns. Toa Payoh (17 per cent, 244 units), Bukit Timah (11.2 per cent, 28 units) and Bedok (8 per cent, 402 units) posted the highest quarterly increases.