Property launches set to increase

Property developers are set to launch new offerings for home-buyers now that the holidays are over.

While some will have new phases released or have started preview sales, at least six projects are being set for launch.

In the high-end property segment, Wing Tai is preparing to sell its 147-unit L'Viv in Newton Road at an average price of about $2,000 psf.

The units at the 32-storey freehold project will be fairly small. Around half are one-bedroom apartments ranging between 600 sq ft and 700 sq ft, while the rest are two-bedroom units about 1,000 sq ft in size.

According to Wing Tai, there are also three 2,000-sq-ft penthouses. A deferred payment scheme is being offered for the project for a limited period of time. The project is expected to be completed in 2014.

Elsewhere, Far East Organization has started selling units at its 62-storey Altez project along Enggor Street at Tanjong Pagar, situated near its Icon condo.