The Antares in Mattar Road attracted a total amount of 10 proposals, with TA Corp, Hock Lian Seng Holdings and also Keong Hong winning the site with a tender cost of S$ 223 million equating to S$ 1,109 psf ppr via their joint endeavor FSKH Development Pte Ltd. TA Corp owns 20% shares, Keong Hong Holdings possesses 35%, and also Hock Lian Seng possesses 45%. The land parcel has a land area of 6230.2 sqm with an optimum GFA of 18,691 sqm. It is scheduled for development of houses. With its land size, The Antares is anticipated to house regarding 255 property units including in between 1- and 4-bedroom units. With such a high quote price, The Antares is predicted to have a breakeven o concerning $1,600 psf ppr, and also the prepared for market price are around $1,750 to $1800 psf.
Mattar Road area is one of the extremely demanded websites in District 14. One of the main attractions of The Antares is its nearness to Mattar Road MRT on the Downtown Line that connects the city to various other areas. Its closeness to Paya Lebar Central could have contributed to its high rate. Besides, The Antares has enormous chance because of the easy access from the CBD. There are also credible colleges and plenty other vital features around Mattar Road. The busy neighbourhood offers its future resident with the ease they want allowing them to live pleasantly in more sophisticated residences.