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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 yr to Q2 2010, a interval which noticed the quickest value-rises of the latest boom. Measures had been launched 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 periods extending past age sixty five. In This fall 2012 there were 277,620 accomplished non-public residential items out there, with an occupancy charge of ninety four.6%, and around 86,475 uncompleted units, in line with the URA. Falling interest rates Whereas builders are clearing their present inventory, each month there are new projects acquiring their HIGH and new websites launched by the federal government to build more private housing.
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