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The rise in the nominal price index pales compared with the 38.2% value hike (34% in real terms) through the year to Q2 2010, a interval which saw the fastest value-rises of the current increase. Measures have been introduced in October 2012 to restrict mortgage tenure to 35 years, and to lower to 60% the LTV ratio for loans longer than 30 years, or mortgage durations extending past age sixty five. In Q4 2012 there have been 277,620 completed private residential models out there, with an occupancy rate of 94.6%, and round 86,475 uncompleted units, in accordance with the URA. Falling rates of interest While builders are clearing their current inventory, every month there are new projects obtaining their PRIME and ec new launch websites launched by the federal government to build extra private housing.
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