THE ANTARES CONDOMINIUM
The Antares condo is a brand new high-rise residential development practically on the doorstep of Mattar MRT Station on the Downtown Line. It is a mid-sized project, only 250 units, being built by FSKH Development, a consortium of Keong Hong Holdings, Hock Lian Seng Holdings and TA Corporation.
Note: This is NOT an advertisement for sale. Project is pending approval from authorities.
The consortium won the Antares condo site in a hotly contested tender for this Government Land Sale (GLS) parcel of land. It drew a high number of 10 bids, with the top 5 being within an unusually narrow 5 per cent price band. That can possibly be attributed to limited new residential land available near Mattar MRT station, and its proximity to the growing Paya Lebar commercial cluster.
Mattar Road is a quiet road off Aljunied Road, between Potong Pasir and Paya Lebar, but closer to the Paya Lebar side. The buildings along this road are generally low-rise, and it is not a very built-up area. On the map it looks like the KPE (Kallang-Paya Lebar Expressway) runs nearby to the Antares condo, but that is actually underground, beneath Pelton Canal.
About the Antares Singapore Neighbourhood
The Antares Condo . Location View
This is a city fringe site, located in what is commonly labelled as the Rest of Central Region or RCR zone. Within the immediate vicinity of the Antares Singapore, are a couple of churches and two primary schools.
Across the canal, that can be crossed by a footbridge, we have the amenities of Circuit Road that include markets and food centres.
Of interest as well, is the fact that the Mattar Road / Aljunied area lies between two increasingly important neighbourhoods. To the north-west is the Potong Pasir / Woodleigh area, where the new Bidadari Estate is being built, in tandem with the rejuvenation of Potong Pasir.
To the south-east, we have the development of the Paya Lebar Commercial Hub. Paya Lebar has been identified under URA’s urban regeneration master plan to be a vibrant, integrated commercial node with retail spaces, offices, and attractive public squares bustling with activity.
In line with that, Paya Lebar Square has already been completed. Paya Lebar Quarter, a mixed development comprising Grade A offices, a 7 storey retail mall, and residential apartments will complete soon. Once that is ready, it is expected to increase the workforce, and hence need for accommodation around this location.
THE ANTARES SINGAPORE · FACTSHEET
||FSKH Development Pte Ltd
(Joint Venture of Keong Hong Holdings + Hock Lian Seng Holdings + TA Corporation)
||Condominium (Foreigners eligible to buy)
||13 Mattar Road, Singapore 387721
||6,230.2 m² (67,061 sq ft)
||18,690.6 m² (201,185 sq ft)
||99 year leasehold
|No. of Units
THE ANTARES FLOOR PLANS
The Antares condo floor plans are not finalised yet. Kindly drop a note via the Contact Form if you would like us to email you the Antares floor plans once available.
THE ANTARES SITE PLAN
The Antares Singapore Location . Site View
The Antares Singapore site is an irregular, almost L-shaped plot, at a bend of Mattar Road. It hugs the south and east of the St Stephen’s Church building, and is flanked on its own west side by the Grace Baptist Church.
Across the curve of Mattar Road, units of the Antares condo facing south will overlook the low-rise Andrew & Grace Home. The parcel of land to the east, bordering the Pelton Canal, is empty right now. While it is zoned as residential land, there are no plans currently to develop it, so it could remain empty for some time to come.
And to the north of the site, in almost literally like a minute’s walk, we have exit B of Mattar MRT station on the Downtown Line.
THE ANTARES SHOWFLAT · VIEWING
The Antares showflat is not open for viewing yet. Please let us know via the Contact Form if you wish to be kept posted when the Antares condo showflat opens.
THE ANTARES PRICES · UNIT TYPES
The Antares Condo Price . Unit Types & Sizes . Click to Open / Close
UNIT TYPES . SIZES
||No. of Units
|Total Number of Units
Floor areas stated includes any Voids, Patios, Balconies, Terraces, A/C Ledges.
The Antares Pricing . Click to Open / Close
THE ANTARES CONDO PRICE RANGES
The Antares prices are not finalised yet. Kindly drop us a note via the Contact Form below if you wish us to keep you posted on the indicative pricing.
FSKH Development topped the bidding for this 67,061 square foot GLS site with an offer of SGD$223,019,000. The purchase price for the land works out to a land rate of $1,109 per square foot per plot ratio (PSF PPR).
That was based on the plot ratio of 3 for the site, that works out to permissible total gross floor area of 201,185 sq ft.
After factoring in all the development, overhead, marketing and financing costs, analysts have estimated a break-even of $1,700 to $1,800 PSF PPR. What FSKH Development will sell at is still under consideration, but the margin won’t be extremely high.
THE ANTARES SINGAPORE · DEVELOPER
The Antares Singapore is being developed by FSKH Development, a collaboration between TA Corporation, Keong Hong Holdings and Hock Lian Seng Holdings. All three are local Singapore companies with long track records.
About TA Corporation (“TA” or “The Group”)
TA Corporation is an established real estate development and construction group, with a track record spanning over 45 years in Singapore. It has been in the property development business since 1995, leveraging on its years of expertise in construction, and experience working with developers before that.
Today the Group has earned a reputation for well-located quality homes, with a middle to upper middle class clientele. Some completed projects are Parc Seabreeze, Coralis, Auralis, Leonie Hill Residences, Starlight Suites, The Citrine, The Skywoods, Gambir Ridge, Terra Villas, 12 on Shan, and The Cristallo.
TA Corporation has also successfully undertaken overseas projects through joint-ventures in Thailand, the PRC, and Cambodia. Such as mixed-use developments in Thailand like De Iyara, De Iyara Grande and De Iyara Share. Or The Gateway, a mixed-use twin-tower development in Phnom Penh, Cambodia.
The Group’s construction work is mainly undertaken by its own unit, Tiong Aik Construction Pte Ltd. Over the years, Tiong Aik has built a track record as a reputable building contractor, with the ability to handle diverse projects.
TA Corporation listed on the SGX Main Board in 2011.
Parc Seabreeze by TA Corp . Developer for The Antares Condo
About Keong Hong Holdings (“Keong Hong” or “The Group”)
Keong Hong was founded in Singapore in 1983. It has been listed on the Singapore Exchange Catalist Board since 2011, and subsequently transferred to the Main Board in 2016.
The Group’s main business focus is in property development, building construction, and hotel development and investment. Keong Hong has developed executive condominiums like Twin Waterfalls and Parc Life in partnership with Frasers Centrepoint Limited, and other EC projects like The Amore and Skypark Residences.
It also has a long and solid track record in the construction of a wide range of projects, from commercial to institutional, residential to industrial, and infrastructure work in both the public and private sectors.
To addition to property development and building construction, the Group has ventured into hotel development and investment projects in Singapore, Japan, the Maldives, and Vietnam. Such as the Pullman Maldives Maamutaa Resort and Mercure Maldives Kooddoo Resort in the Maldives. Within Singapore, they own The Holiday Inn Express and Hotel Indigo, and Katong Square.
Keong Hong is led by a highly experienced, qualified management team with a staff strength of over 400. Over the last 30 years, it has built a reputation and track record for its commitment to quality and service.
Parc Life by Keong Hong . Developer for The Antares Singapore
About Hock Lian Seng Holdings (“Hock Lian Seng” or “HLS”)
Hock Lian Seng was established in Singapore in 1969, and listed on SGX Main Board in 2009. Its core business activities are in building construction, civil engineering, property development, and real estate investment.
It is registered with the Building Construction Authority (BCA) as a Grade A1 contractor for civil engineering works. That is the top tier without restriction on tender limits.
Over the last 40 years, HLS has undertaken and successfully completed a large number of infrastructure and civil engineering projects for both the private and public sectors here. These have included expressways, bridges, MRT depots, and marine infrastructure and other specialist marine works such as land reclamation, dredging, and seawall construction.
While most of Hock Lian Seng’s work has been in Singapore, it has built roads in China as well, and a Rapid Transit System in Taiwan.
THE ANTARES CONDO LOCATION · FEATURES
The Antares Location & Amenities
- Location. The Antares condo location is a city fringe site at Mattar Road, off Aljunied Road. This is a low-rise area, across Pelton Canal from MacPherson Garden at Circuit Road, an established residential estate.
Nearest MRT Station. From the nearest boundary of the Antares condo site, is something like 60 metres to exit B of Mattar MRT station on the Downtown Line. That is practically on the doorstep of a station, without actually sitting on it.
One stop down this line is MacPherson station, an interchange with the Circle Line that is also one stop from Paya Lebar interchange station. Upline, it goes to Fort Canning, Telok Ayer, and the Marina Bay Financial District, before turning up to Bugis and the Bukit Timah area.
Shops, F&B, Markets. There are no major shopping centres within walking distance of the Antares location, but within a short walk are the markets, food centres and neighbourhood shops that MacPherson Garden is well supplied with.
And if you don’t mind taking the train, a couple of stops will bring you to a major shopping and dining node at Paya Lebar station. Here you will find Paya Lebar Square, and the soon-to-complete Paya Lebar Quarter, with its 7-storey mall and 3 blocks of Grade A offices. And it is actually very convenient to do so too. Just hop onto the train at Mattar station, and change at MacPherson station to the Circle Line.
Paya Lebar Quarter Plaza near The Antares Condo Location
Schools. There are two primary schools within 1 km. MacPherson Primary is less than 200 metres down Mattar Road. While Canossa Convent Primary is also within walking distance around the corner, 400 metres away at Salim Road, a pleasant cul-de-sac lane with a row of houses along one side facing the school on the other.
In the vicinity we have Cedar Girls’ Primary and Secondary schools too within 2 km, at Cedar Avenue up Aljunied Road. James Cook University Singapore (Sims Drive Campus) is quite close by as well to the Antares condo location.
- Accessibility. The Antares location is considered quite central. From Aljunied it is roughly 15 minutes drive to the city centre. You can also get onto the Pan-Island Expressway (PIE) and Kallang-Paya Lebar Expressway (KPE) within 10 minutes drive, off-peak.