Smacked right beside Mattar MRT station, The Antares is a new development by FSKH Development. The Joint Venture consit of 3 developers which is Keong Hong Holdings, Hock Loan Seng Holdings and TA Corp. The Antares represents a pristine piece of land located in the city fringe of Singapore next to mature housing estates of Paya Lebar and Potong Pasir. There were a total of 10 bids for the plot of land which indicate developer interest in shoring their land banks near to an MRT Station. The Antares is minutes away from many amenities and represents a convenient location for your family. A unique and serene lifestyle awaits you at Antares.
The land parcel has a land area of 6230.2 sqm with a maximum GFA of 18,691 sqm. It is reserved for development of residential properties. With its land size, The Antares is expected to house about 255 residential units consisting of between 1- and 4-bedroom units. With such a high bid price, The Antares is projected to have a breakeven o about $1,600 psf ppr, and the anticipated selling prices are around $1,750 to $1800 psf.
Mattar Road area is one of the highly demanded sites in District 14. One of the main attractions of The Antares is its closeness to Mattar Road MRT on the Downtown Line that links the city to other areas. Its proximity to Paya Lebar Central might have contributed to its high price.
Besides, The Antares has enormous opportunity due to the easy accessibility from the CBD. There are also reputable schools and plenty other essential amenities around Mattar Road. The busy neighbourhood provides its future resident with the convenience they desire enabling them to live comfortably in more classy homes.
Investors eyeing on The Antares
For Local Investors, Antares is an excellent choice. Based on high demand from nearby Industrial like Ubi Industrial, Tai Seng Industrial and next door Kallang Industrial, finding a tenant has never been easier. Landlords are looking at an estimation of 3.5% to 5% of rental yield annually.
For Oversea Investors, this may prove to be a great starting investment for you. With the amount of rental demand in this area, you will almost be ensured of worry-free when it comes to finding a tenant. Find out how you can start your first property investment with us today.
Home Buyers snapping up The Antares
The Antares Condo is poised for a fast sell out rate by experts based on its low competition in the area with other new launch and its excellent location in District 14. Contact us today for more information and get your VIP preview chance on this wonderful new launch in Kallang area today.