New launches on Saturday among first to go on market after MAS' home loan curbs

Vue 8 Residence, a 99-year leasehold condominium in Pasir Ris Drive 3, will be launched for sale to the public on July 6, 2013. A few projects will launch on Saturday, among the first to go on the market since the Monetary Authority of Singapore (MAS
Vue 8 Residence, a 99-year leasehold condominium in Pasir Ris Drive 3, will be launched for sale to the public on July 6, 2013. A few projects will launch on Saturday, among the first to go on the market since the Monetary Authority of Singapore (MAS) announced restrictions on mortgages in late June. -- FILE PHOTO: SLP INTERNATIONAL

A few projects will launch on Saturday, among the first to go on the market since the Monetary Authority of Singapore (MAS) announced restrictions on mortgages in late June.

One is the 99-year leasehold Vue 8 Residence condominium located along Pasir Ris Drive 3. The indicative price range is $900 to $1,200 psf.

The 463-unit development by Capital Development and ZACD Investments consists of eight 16-storey towers. Unit sizes range from 474 sq ft for a one-bedder to 1,701 sq ft for a five-bedroom unit.

Vue 8 Residence also includes penthouses ranging from 1,873 sq ft to 3,391 sq ft in size.

A 380-unit executive condominium at Fernvale Close called Lush Acres will also open for e-applications on Saturday. No official prices have been released yet but the project will be "competitively priced with affordability in mind", said developer City Developments.

Units range in size from 915 sq ft for a three-bedder to 1,722 sq ft for a five-bedroom unit.

The projects will help test buying demand after the MAS imposed a total debt servicing ratio (TDSR) framework in late June that capped how much property buyers can borrow if they are already in debt.

Other upcoming launches expected over the next two to three months include the freehold Liv on Wilkie at Wilkie Terrace, which is being developed by Roxy-Pacific, and the 99-year leasehold condominium The Glades, which is near Tanah Merah MRT Station and is being developed by Keppel Land.