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Latest revision as of 11:59, 10 January 2015

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The rise in the nominal price index pales as compared with the 38.2% value hike (34% in real phrases) during the 12 months to Q2 2010, a period which noticed the fastest price-rises of the current growth. 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 65. In This fall 2012 there have been 277,620 completed private residential items obtainable, with an occupancy charge of ninety four.6%, and round 86,475 uncompleted units, based on the URA. Falling interest rates While developers are clearing their existing inventory, each month there are new projects obtaining their PRIME and new websites launched by the federal government to construct extra non-public housing.

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