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The rise in the nominal worth index pales as compared with the 38.2% worth hike (34% in real terms) through the year to Q2 2010, a period which noticed the quickest worth-rises of the latest increase. Measures were launched in October 2012 to limit mortgage tenure to 35 years, and to decrease to 60% the LTV ratio for loans longer than 30 years, or mortgage intervals extending beyond age 65. In Q4 2012 there have been 277,620 completed non-public residential items out there, with an occupancy price of ninety four.6%, and around 86,475 uncompleted units, in response to the URA. Falling interest rates Whereas developers are clearing their existing inventory, each month there are new projects acquiring their PRIME and new websites released by the government to build extra private housing.
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