By Joyce Teo, Property Correspondent

The Chinese New Year is usually a lull period for property launches. But with the celebrations almost over, it appears the lull will continue.

With the general mood still sombre as the economic climate worsens, few developers want to launch their projects.

A seasoned property market watcher, who declined to be named, said a few major projects are ready for launch any time, but until sentiment improves, most of these launches are unlikely to happen. 'The bad news is just coming out. Developers will wait for the dust to settle,' he said.

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