Rockstar Games has said that the Grand Theft Auto 5 Online heists update will be available in the "spring," the Epoch Times reports.

"Coming next week on Tuesday May 13th, it's time to expand your foothold in Los Santos with The High Life Update for Grand Theft Auto Online, which features new high-end apartments, multi-property ownership, four new vehicles, the powerful Bullpup Rifle and more," the company said in a statement, according to the site.

"This automatic update to GTA Online adds five new options to the Los Santos real estate market at prime locations like Eclipse Towers, Richards Majestic and others, all featuring the latest new interior design. With multi-property ownership, you'll also now be able to own two distinct properties simultaneously."

Grand Theft Auto 5 has been confirmed for a 2014 release date by gaming analyst Michael Pachter, managing director of Equity Research at Wedbush Securities.

"Well, the PC version, you know, I think is a very easy port. So I am certain that's coming out, and I would bet anything that it comes out this year. Xbox One and PS4 versions, not so fast, because to port from 360 to One is probably very hard. If you look at Titanfall, for example, it went the other way," Pachter told Gaming Bolt during a recent interview.

"So, I don't even know if it's possible, or feasible. I think they might need to redo the code, which might take them a long time, a year or more, and that's if they spend their time and attention on that, and from everything I can tell, Rockstar's busy working on GTA Online. So I would say PC version this year, most likely. Xbox One and PS4, this year? Probably not."

Rockstar Games is rumored to announce GTA 5's PC release date at the upcoming June E3 conference, leaving many speculating on the possibility of cheats for the computer version becoming available online.

GTA 5's release date has yet to be announced, and has surpassed the 217-day threshold GTA 4 broke when its computer version was released by Rockstar Games.

Romanian gaming retailer Altex has listed a June 15, 2015 release date for GTA 5's PC version, along with next-generation console Playstation 4 and Xbox One, the Christian Post reports, giving hope for an upcoming announcement.

The Change.org petition calling on Rockstar Games to release its open-world action game GTA 5 for PC is closing in on 700,000 signatures, Game Spot reports, leaving many gamers wondering if this will put pressure on the developer to make a release date announcement.