The Antares Condominium Launch

[CSH]

The Antares condominium, a new residential development at Mattar Road, is finally about to launch for sale. This site is quite a favourable one, as it is considered a city-fringe location, close to the Paya Lebar master plan growth area. In fact, it is pretty close to Park Place Residences, that is almost sold out.

Furthermore, the Antares condo practically sits on the doorstep of Mattar MRT station, something like a couple of minutes walk next door. So much so that you could hardly get any closer than this.

Some background to this project. The Antares is being developed by a joint venture of Keong Hong, Hock Lian Seng Holdings and TA Corp who were awarded this land parcel at Mattar Road at their winning tender price of SGD$223 million.

The joint venture company, called FSKH Development, is 45% owned by Hock Lian Seng, 35% owned by Keong Hong Holdings and 20% owned by TA Corporation. They won the site over a field of 10 other bidders, comprising an even mix of both small and bigger developers.

The Antares Mattar Road site spans an area of 6230.2 sqm, giving a maximum gross floor area (GFA) of 18,691 sqm, which is about 201,190 sq ft. Neither a very big, nor very small site. Just nice for both developers, as well as potential residents, most would say.