The Antares
The Antares is one of a small group of Singapore launches that managed direct MRT integration rather than the more common across-the-road arrangement. Mattar station on the Downtown Line sits beneath the development; the lift drops you into a sheltered link to the gantry. For a 265-unit boutique on a 99-year lease commencing 2018 (~92 years remaining as of 2026-05), that single piece of infrastructure does most of the heavy lifting in the value thesis.
The site itself is a sliver of the Mountbatten / Kallang fringe — technically District 14, but oriented closer to the Sports Hub and Old Airport Road food culture than to the Geylang shophouse spine that buyers often mentally associate with D14. That orientation matters: District 14 transaction data aggregates very different sub-markets, and Mattar-adjacent stock prices differently from Eunos or Geylang Lor stock. Cross-reference the cohort using side-by-side comparison rather than trusting district-level medians.
FSKH Development — the Frasers / Keong Hong / KSH joint venture — closed the GLS site in 2017 and topped out for TOP in 2021. The 265-unit count is deliberate boutique scale: small enough to feel exclusive in the lobby, but, as we will see, small enough to make every fortnight of resale data noisy (as of 2026-05).
Overview & Key Facts
The Antares is a 265-unit condominium developed by FSKH Development — a joint venture of Keong Hong Holdings (35%), Hock Lian Seng Holdings (45%), and TA Corporation (20%) — located at 19 Mattar Road in District 14. Completed in 2022 on a 99-year lease from 2018, the development comprises two 5-storey blocks and two taller towers (17 and 18 storeys), designed by Consortium 168 Architects on a 67,061-square-foot site. The Antares holds the distinction of being the first new-launch condominium next to Mattar MRT station on the Downtown Line.
At a current average of $2,067 psf with a gross rental yield of 3.94% and median rent of $4,400, The Antares delivers a compelling combination: doorstep MRT access and near-4% yield in the city fringe. The development’s compact 265-unit scale means an intimate community, while the premium fittings from Bosch, Grohe, Electrolux, and Duravit reflect a finishing standard above what the JV developers’ EC-tier track record might suggest.
The Mattar Road location places The Antares in a transitional neighbourhood between the Macpherson residential enclave and the Geylang commercial corridor — an area with excellent hawker food, strong rental demand from the nearby Paya Lebar commercial hub, and a gritty urban character that will not appeal to every buyer but rewards those who prioritise connectivity and yield.
Location & Connectivity
The Antares’ location is defined by one exceptional feature: Mattar MRT on the Downtown Line is just 160 m from the development — with a sheltered linkway provided by LTA connecting the condo directly to the station entrance. This is among the closest MRT connections in Singapore’s private residential stock, placing residents one stop from MacPherson interchange (DTL/CCL), two stops from Paya Lebar (EWL/CCL), and six stops from Bugis in the heart of the city.
The neighbourhood’s strength is its hawker food scene. Three food centres operate within close proximity: Circuit Road Hawker Centre, Haig Road Market, and the Macpherson Market & Food Centre, providing affordable and varied meals that are among the best in Singapore’s east. The Geylang corridor, just south of Mattar Road, adds a layer of late-night dining and commercial activity. Macpherson Primary School is just 380 m away, within the 1 km priority-enrolment band.
For broader retail, Paya Lebar Quarter (PLQ) is just two MRT stops away, offering a modern shopping, dining, and co-working precinct. The KPE and PIE expressways are accessible within a 5-minute drive, placing the CBD 15 minutes away by car off-peak. The neighbourhood character is urban and mixed-use — not the manicured suburban feel of a Sengkang or Tampines, but an authentic, well-connected city-fringe location.
Schools & Education
1 primary school within the 1 km Priority Phase balloting radius.
| School | Type | Distance |
|---|---|---|
| Macpherson Primary School | primary | Within 1 km |
| Paya Lebar Methodist Girls' School | secondary | Within 1 km |
| Red Swastika School | primary | ~1.3 km |
| Kong Hwa School | primary | ~1.4 km |
| Geylang Methodist School (Primary) | primary | ~1.5 km |
| Geylang Methodist School (Secondary) | secondary | ~1.5 km |
| One World International School (Mountbatten) | international | ~1.8 km |
| Bartley Secondary School | secondary | ~2.0 km |
Facilities
The Antares packs a comprehensive facility set into its compact 265-unit footprint. The centrepiece is a 50-metre lap pool, a generous aquatic feature for a development of this scale, complemented by a spa pool and a pool deck for lounging. The 24-hour gymnasium is well-equipped, and a CrossFit circuit provides an outdoor fitness option for residents who prefer functional training over machine-based workouts.
Family-oriented amenities include a children’s rock climbing zone, playground, and a kids’ pool. The BBQ pavilions and spa/massage pavilions provide social and wellness spaces, while a function room with high ceilings serves as an elegant venue for private events. The tennis court is a notable inclusion for a boutique development — many developments with twice the unit count lack this amenity.
“For 265 units, the facility offering is really solid. The 50-metre pool rarely feels crowded, the tennis court is easy to book, and the CrossFit circuit is a nice addition that you don’t see in most condos. The function room with its high ceiling is beautiful for parties. The sheltered walkway to Mattar MRT is the real killer feature though — rain or shine, I’m on the platform in 3 minutes flat.”
— Owner-occupier, two-bedroom, since 2023 (PropertyGuru)
At 265 units, the facility-to-resident ratio is excellent. Pool lanes are available even on weekends, the gym is never overcrowded, and BBQ bookings are straightforward. Maintenance standards are good, reflecting the relatively new 2022 completion. The compact site means less sprawling landscaped grounds than larger developments, but every amenity is within a minute’s walk of any block.
Unit Sizes & Layout
The Antares offers a diverse unit mix from one-bedroom to four-bedroom configurations across its 265 units, catering to singles, couples, and families. The development’s mixed-height design (two 5-storey blocks and two 17–18 storey towers) creates pricing flexibility: low-rise units in the 5-storey blocks offer more affordable entry points, while high-rise units in the towers command a premium for elevated views across the Macpherson and Geylang roofscape.
Unit layouts are efficient with minimal wasted space. The high ceilings in selected units add vertical spaciousness. Two-bedroom units (from ~650 sqft) are the sweet spot for investors targeting the Paya Lebar professional tenant pool, while three-bedroom units suit families drawn to the Macpherson Primary school proximity. Four-bedroom configurations at the top of the towers offer the most expansive layouts with unobstructed views.
| Bedrooms | Transactions | Avg PSF | Avg Price |
|---|---|---|---|
| 0 BR | 3 | $1,975 | $892,963 |
| 1 BR | 90 | $1,858 | $1,231,126 |
| 2 BR | 101 | $1,836 | $1,469,593 |
| 3 BR | 17 | $1,760 | $1,983,174 |
| 4 BR | 16 | $1,723 | $2,355,750 |
Pricing & Market Position
Based on 227 recorded transactions, sale prices range from $885,000 to $2,730,000, averaging $1,468,348 (~$2,070 psf).
Rents range from $2,900 to $8,000 per month across 254 rental transactions. Current rental yield sits at approximately 3.9%.
Price Appreciation
From 2021 to 2026, the average PSF has appreciated by 16.8% (from $1,791 to $2,093 psf).
Neighbourhood Comparison
In the District 14 city-fringe cluster, The Antares ($2,067 psf, 99-year from 2018, ~91 years remaining) competes with two established neighbours. Penrose ($1,927 psf, 99-year from 2019, ~92 years remaining) trades at a 7% discount with CDL developer pedigree and Aljunied MRT access (470 m) — but Aljunied is an EWL station without the DTL’s direct CBD routing that Mattar provides. Parc Esta ($2,180 psf, 99-year from 2018, ~91 years remaining) is the mega-scale option at 1,399 units with extensive facilities, trading at a 5% premium over The Antares but located at Eunos MRT (EWL) — again lacking the DTL’s direct CBD connectivity.
The Antares’ competitive advantage is singular: the best MRT access in the cluster (160 m, sheltered linkway, DTL direct to CBD), combined with the highest yield (3.94%). Penrose offers CDL quality and a lower PSF; Parc Esta offers mega-scale facilities. Buyers choosing The Antares are prioritising connectivity above all else — and at 160 m from the MRT with a sheltered walkway, that priority is handsomely rewarded.
| Development | Tenure | TOP | Units | ~Avg PSF |
|---|---|---|---|---|
| THE ANTARES | 99 yrs lease commencing from 2018 | 2021 | 265 | $2,070 |
| PARC ESTA | 99 yrs lease commencing from 2018 | 2021 | 1,399 | $2,184 |
| SIMS URBAN OASIS | 99 yrs lease commencing from 2014 | 2020 | 1,024 | $1,762 |
| PENROSE | 99 yrs lease commencing from 2019 | 2021 | 566 | $1,928 |
| EUHABITAT | 99 yrs lease commencing from 2010 | 2016 | 697 | $1,326 |
| URBAN TREASURES | Freehold | 2021 | 237 | $1,998 |
Lease Decay Analysis
The 99-year lease runs from 2018, meaning approximately 8 years have already been consumed. Roughly 91 years remain — still comfortably within the range where most banks will offer full financing without restrictions.
| Year | Lease remaining | Implication |
|---|---|---|
| 2026 (now) | ~91 years | Full bank financing available |
| 2048 | ~69 years | CPF usage still unrestricted for most buyers |
| 2057 | ~59 years | Approaching 60-year threshold — CPF limits begin for some |
| 2077 | ~39 years | Significant financing restrictions for next buyer |
| 2117 | Expiry | Lease reverts to state |
For a buyer purchasing today with a 10-year horizon (exit around 2036), the lease situation is essentially a non-issue — you’d be selling a property with ~81 years remaining, which is still very bankable. The risk profile changes for longer holds.
ShiokNest Scores
Our proprietary scoring system evaluates THE ANTARES across multiple dimensions.
What Residents Say
“The MRT connection is the best I’ve experienced in any condo — sheltered walkway, 3 minutes to the platform, Downtown Line direct to the CBD. I work at Marina Bay and my door-to-door commute is 25 minutes. The Bosch and Grohe fittings are a nice touch at this price. The area around Mattar Road is still developing, but the hawker food at Circuit Road is incredible and Paya Lebar Quarter is two stops away for everything else.”
— Owner-occupier, two-bedroom, since 2023 (99.co)
“Bought a one-bedder here for investment. Tenanted at $3,200 within a week of listing — the MRT connection sells itself to tenants. Yield is around 4% which is excellent for a 2022 development. The tenant loves the smart-home features and the proximity to Paya Lebar. My only concern is the Geylang reputation, but honestly the area around Mattar MRT feels perfectly safe and residential.”
— Investor-owner, one-bedroom, since 2023 (EdgeProp)
“We moved here for Macpherson Primary — it’s a 5-minute walk, and our son starts P1 next year. The condo itself is great for a young family: the pool is generous, the kids’ playground and rock climbing zone keep them busy, and the CrossFit area is a bonus. The Mattar Road area isn’t pretty, but it’s functional and well-connected. Three hawker centres within walking distance means we hardly cook on weekdays.”
— Owner-occupier, three-bedroom, since 2024 (PropertyGuru)
Direct station integration is the single most-cited reason buyers pay above the Mountbatten-corridor median at The Antares. Mattar is two stops from Macpherson (interchange to Circle Line), four from Bugis (interchange to East-West), and sits on the Downtown Line spine that threads through the financial district. Walk-time to the gantry from the lift lobby is under 90 seconds; covered the entire way (as of 2026-05).
The thesis is fragile in three specific places. First, the Downtown Line in this stretch carries lighter peak-hour load than the East-West or North-South cores, which is fine for comfort but means the network-effect premium is smaller than at, say, an interchange-integrated condo. Second, the 265-unit float means any single bulk seller — an investor offloading two or three units in a quarter — can move the indicative resale PSF visibly. Third, the integration cuts both ways: you inherit the MRT's structure-borne noise on lower-floor units oriented over the platform alignment.
What this means in practice: if you are underwriting The Antares on a pure capital-appreciation thesis driven by MRT proximity, model it conservatively. Run the numbers through the ROI calculator with at least two exit-PSF scenarios — a base case at trend growth and a stress case that assumes 5 per cent PSF compression on resale, because thin floats compress under pressure. The commute-time map will tell you what the network actually delivers from this address before you trust the marketing aerial.
The Antares sits roughly 10 minutes' walk (or one MRT stop) from the Singapore Sports Hub and Kallang Wave Mall. For households who actually use the National Stadium, Indoor Stadium, OCBC Arena, or the Kallang Wave waterpark, this is a genuine lifestyle dividend that is hard to replicate elsewhere on the island. For households who do not, it is essentially neutral — the Sports Hub catchment does not push retail or F&B amenity into the Mattar pocket the way the CBD pushes amenity into Tanjong Pagar.
The Old Airport Road Food Centre — one of the densest hawker stalls per square metre in Singapore — is a 12-minute walk or four-minute drive. Mountbatten Square and Katong Shopping Centre are within a 10-minute drive. The retail catchment is, in honest assessment, functional rather than abundant. Buyers used to D9 or D15 East Coast abundance will find it thinner than expected; buyers calibrating against pure heartland will find it generous.
School catchments are mixed: Kong Hwa, Geylang Methodist, and Canossa Catholic Primary all sit within a 2 km radius, which gives Phase 2C flexibility for primary registration. None of these are top-quartile branded names, however — if branded primary is part of your thesis, The Antares is not a fit. Check the live school-proximity score map against your specific shortlist before treating school access as a buy-trigger.
Buy if: You are an owner-occupier or single-property investor who commutes daily on the Downtown Line, values the sub-90-second MRT walk, can absorb a 5 per cent stress-test PSF compression on a 7-10 year hold, and either does not need branded primary school access or already has it elsewhere. The 92-year lease is sufficient runway; the boutique scale is a lifestyle feature for owner-occupiers; the Sports Hub neighbourhood is a genuine dividend if you use it.
Walk if: You are a multi-property investor relying on resale velocity for exit, you need a deep tenant pool that supports rapid turnover, you are buying with a horizon shorter than 7 years, or you are foreign and being asked to absorb full ABSD on an asset whose 265-unit float cannot reliably cushion a forced exit. There are larger-float assets in adjacent geography (Park Esta, The Tre Ver) that offer most of the MRT-proximity benefit with materially better resale liquidity.
Wait if: You are uncertain. Run the side-by-side via comparison, model your specific entry PSF through the affordability calculator with TDSR headroom, and revisit in two quarters. Integrated-station boutiques are scarce; the asset is not going anywhere; the decision deserves the patience.
Bottom line on The Antares
Our editorial take (as of 2026-05): The Antares is a credible buy for the buyer archetypes named above, with the caveats spelled out in the risks block. The strengths give it a defensible thesis; the risks should be priced explicitly into your offer rather than waved away. Confirm the cohort-comparable PSF spread via our side-by-side comparison tool and stress-test the financing stack via the mortgage calculator before signing the OTP.
Where the project shines: facility load, district narrative, and lease/tenure profile. Where it slips: absorption pace and exit liquidity in a market with rising new-launch supply.