Feb 16, 2010

Property launches heat up

NOW that the holidays are out of the way, property developers are ready to lay out a spread of new offerings for home-seekers.

At least six projects are being prepared for launch, while others have started preview sales or will have new phases released.

At the higher end of the market, Wing Tai is preparing to sell its 147-unit L'Viv in Newton Road at an average price believed to be about $2,000 per sq ft (psf).

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

There are also three penthouses of more than 2,000 sq ft, according to Wing Tai. It is offering the deferred payment scheme for a limited period for the project, which is expected to be completed in 2014.

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