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The rise within the nominal price index pales as compared with the 38.2% value hike (34% in real phrases) during the year to Q2 2010, a interval which saw the quickest value-rises of the current boom. Measures have 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 durations extending past age 65. In This fall 2012 there were 277,620 completed private residential units accessible, with an occupancy price of ninety four.6%, and round 86,475 uncompleted units, in line with the URA. Falling rates of interest While builders are clearing their existing inventory, every month there are new projects acquiring their PRIME and new websites launched by the government to construct extra private housing.
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