Type

Units

Min Area

Price Range

2 BR

732 sqft

From S$1.5XM

Property Highlights

2-bedroom, 2-bathroom unit at The Antares priced at S$1,500,000 with 732 sqft of living space
Excellent location on Mattar Road, just 470 metres (6 minutes walk) from Mattar MRT Station on the Downtown Line
Prime district with strong connectivity to central business areas and convenient access to lifestyle amenities
Well-proportioned layout suitable for upgraders, investors, and discerning homebuyers seeking established neighbourhood charm
Strategic East Coast location with potential for sustained capital appreciation and rental income

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Ref: 500032994

The Antares: A Distinguished 2-Bedroom Residence on Mattar Road

The Antares represents a compelling residential opportunity in one of Singapore's most sought-after established neighbourhoods. This 2-bedroom, 2-bathroom condominium spans 732 square feet and is positioned at the attractive price point of S$1,500,000. Located at 19 Mattar Road, the property captures the essence of East Coast living whilst maintaining proximity to critical urban infrastructure that today's buyers demand.

Strategic Location and MRT Connectivity

One of the standout attributes of The Antares is its proximity to Mattar MRT Station on the Downtown Line. Situated merely 470 metres away—approximately a 6-minute walk—residents enjoy seamless connectivity to the broader MRT network without the inconvenience of living directly above a major transport hub. This distance is ideal for those balancing convenience with peace and quiet. The Downtown Line connection provides direct access to Bukit Panjang, Jurong East, and the Marina Bay area, making commuting to key employment districts straightforward and time-efficient.

The Mattar Road locale itself has evolved considerably over recent years. The neighbourhood benefits from comprehensive bus services, established retail and dining precincts, and proximity to East Coast Park—a lifestyle asset that significantly enhances residential appeal. For professionals working in the Marina Bay financial district or those with commitments across the island, this location strikes an advantageous balance between accessibility and residential tranquillity.

Property Dimensions and Layout Efficiency

At 732 square feet, this unit offers a thoughtfully proportioned layout that maximises usable living space. The two-bedroom configuration is versatile enough to serve as a comfortable full-time residence for a couple or small family, whilst simultaneously remaining attractive to investors seeking quality rental stock. The inclusion of two full bathrooms reflects contemporary lifestyle expectations and is particularly valued in properties pitched at this price level. Such layouts tend to command consistent rental demand from corporate housing seekers and young professionals.

The floor plate size sits comfortably within the sweet spot for this market segment—large enough to feel uncompressed, yet compact enough to maintain efficient heating, cooling, and utility costs. Buyers should expect natural light penetration typical of well-designed Singapore condominiums, with balconies or outdoor space that provide essential breathing room in an urban context.

Investment Fundamentals and Market Position

At S$1,500,000, this property is priced at approximately S$2,049 per square foot—a metric worth monitoring against comparable transactions in the Mattar Road and surrounding Tanjong Katong corridor. Recent sales data in this precinct suggests that established, well-maintained condominiums with strong MRT linkage command prices in this range, particularly when located within freehold or long-lease structures. Investors assessing entry yields should factor in realistic rental achievable rents for a 2-bedroom in this location, which typically range between S$4,500 and S$5,500 monthly depending on unit condition and precise amenities offered.

The property sits in a neighbourhood with proven capital appreciation momentum. Over the past decade, properties along the Mattar Road corridor and surrounding East Coast precincts have demonstrated resilience through market cycles. The arrival of improved transport connectivity and gradual gentrification of adjacent areas have supported valuation growth. For buyers with a medium to long-term hold horizon (5–10 years), this price point offers reasonable downside protection and moderate upside potential.

Suitability Across Buyer Profiles

This property holds appeal across multiple buyer demographics. For upgraders transitioning from smaller units or Housing Development Board flats, the 2-bedroom configuration and private condominium setting represent a meaningful step up in lifestyle. The established neighbourhood nature—as opposed to distant new launch precincts—appeals to those prioritising convenient access to existing services and amenities over speculative appreciation potential.

Owner-occupiers attracted to the Mattar Road area will find this unit delivers straightforward residential enjoyment. The proximity to parks, the beach, and neighbourhood dining establishments means day-to-day living is unencumbered by long commutes to leisure infrastructure. Family-oriented buyers appreciate the quieter, tree-lined nature of the precinct compared to more transient urban core locations.

Property investors view 2-bedroom condominiums at this price tier with interest, particularly in established, well-connected locations. Rental yields are more predictable in mature neighbourhoods where tenant demand is underpinned by employment nodes and lifestyle infrastructure rather than speculative narratives. The presence of the MRT station within walking distance removes a key risk factor—tenant accessibility—that can otherwise constrain rental performance.

Financing and Loan Approval Considerations

Buyers securing financing at this S$1,500,000 price point will find most major Singapore banks actively competitive. Assuming a 30-year mortgage term and prevailing interest rates, typical monthly servicing costs (inclusive of principal, interest, and insurance) would range from S$6,500 to S$7,500 depending on loan quantum and borrower profile. For owner-occupiers with modest additional liabilities, Total Debt Servicing Ratio (TDSR) headroom typically remains comfortable at this valuation level—most lenders will approve 80% of the purchase price (S$1,200,000) without strain for salaried borrowers earning S$240,000 to S$250,000 annually.

Investors purchasing this unit should be aware that financing terms for investment properties are generally tighter. Banks typically advance 60–70% of valuation rather than 80%, and interest rates may be 0.25–0.50% higher than owner-occupier rates. This cost of capital is still comfortably offset by the projected rental yield in this location, but it is a material factor in investment appraisal.

Additional Buyer Stamp Duty and Tax Implications

Second-property buyers should factor Additional Buyer's Stamp Duty (ABSD) into their acquisition costs. At S$1,500,000, the ABSD payable is substantial—currently 15% of the purchase price for permanent residents acquiring a second residential property, equating to S$225,000. This is a significant outlay that must be factored into investment return calculations and overall affordability planning. First-time buyer concessions do not apply to second property acquisitions, making financing and cash position planning critical for investor buyers.

Competitive Landscape and Neighbouring Developments

The Mattar Road corridor hosts several other residential developments across various age cohorts and price points. Newer launch developments in adjacent precincts may offer marginally higher floor-to-ceiling heights or contemporary finishes, but they typically command significant price premiums—often 10–20% higher per square foot. The advantage of an established property like The Antares is the known maintenance track record, mature landscaping, and validated community infrastructure. Investors comparing this asset to newer launch projects should weigh the premium pricing of nascent developments against the proven rental demand and lower price volatility of established stock.

Lease Duration and Long-Term Valuation

For leasehold properties, the unexpired lease tenure is a critical variable in valuation and marketability. Properties with 80+ years of lease remaining tend to preserve value most effectively, though the actual remaining term will depend on the development's original tenure and enbloc history. Buyers should verify this detail closely with their conveyancing solicitor, as lease decay (decline in valuation as a property approaches the 80-year mark and below) can materially impact resale proceeds 20–30 years hence. If The Antares holds substantial remaining lease, this mitigates future capital depreciation risk; if lease is materially closer to 80 years, this should warrant a valuation discount versus freehold comparables.

District Supply Pipeline and Future Outlook

The Mattar Road area and wider East Coast zone face relatively limited new supply in the near to medium term. The scarcity of large land parcels in this central, established location means new condominium launches are infrequent. This structural supply constraint supports long-term capital value appreciation, particularly if broader Singapore population growth and affluence expansion continue. Buyers can take comfort that new competitor developments are unlikely to flood the market and erode property values significantly. The area's mature character also means large-scale redevelopment is unlikely without substantial enbloc activity—a protective factor for existing property owners.

Conclusion

The Antares at 19 Mattar Road represents a solid mid-market residential opportunity in an established, well-connected Singapore neighbourhood. The S$1,500,000 asking price is rational against comparable sales, the 2-bedroom layout suits multiple buyer archetypes, and the proximity to Mattar MRT Station delivers tangible day-to-day convenience. Whether pursued as a primary residence by upgraders or as an investment asset by yield-focused buyers, this property merits serious consideration in the S$1.4–1.6 million segment.

Frequently Asked Questions

What rental yield can I expect if I purchase The Antares as an investment property?

Based on current market data for 2-bedroom condominiums in the Mattar Road vicinity, realistic monthly rental achievable is between S$4,500 and S$5,500, depending on precise furnishing, condition, and unit aspect. This translates to a gross rental yield of 3.6–4.4% on the S$1,500,000 purchase price. After accounting for management fees (typically 5–6% of rent), property tax (approximately S$60–80 monthly on owner-occupied basis, higher as investment), maintenance contributions, and occasional void periods, net yield typically settles between 2.8–3.5% annually. For investors, this is a reasonable yield in a mature, low-volatility location with proven tenant demand from corporate housing and young professional demographics. The Mattar MRT proximity is a significant tenant demand driver, meaning your rental competitiveness is enhanced versus more remote properties.

How does the S$2,049 per sqft price compare to recent sales in this area?

Recent comparable transactions in the Mattar Road and adjacent Tanjong Katong precincts—particularly for 2-bedroom units in established condominiums—have transacted in the S$2,000–2,100 per square foot range over the past 12–18 months. The Antares at S$2,049 per sqft sits comfortably within this band, suggesting fair market pricing rather than premium or discount positioning. Properties with weaker MRT connectivity or smaller floor plates have traded lower (S$1,900–1,950 psf), whilst newer launch developments in this corridor have commanded premiums of 15–25% above this level, often exceeding S$2,350–2,500 psf. For an established development with proven tenancy history and genuine MRT walking proximity, the asking price reflects realistic contemporary valuation without speculative uplift.

What Additional Buyer's Stamp Duty will I pay if this is my second property?

For permanent residents purchasing a second residential property, Additional Buyer's Stamp Duty (ABSD) is levied at 15% of the purchase price. On a S$1,500,000 transaction, this equates to S$225,000 in ABSD payable at the time of purchase. This is a material cost that must be factored into your total acquisition budget alongside legal fees (typically S$2,500–4,000), agent commissions, and renovation contingencies—realistically adding another S$80,000–120,000 to total acquisition cost. First-time buyers purchasing their first residential property pay zero ABSD, making second-property acquisition significantly more expensive. If you are a citizen or permanent resident buying a second property, you must budget for this ABSD component or risk being short of funds at the completion stage.

What is the lease decay risk, and will it affect my resale value in 15–20 years?

Lease decay is a progressive valuation discount applied to leasehold properties as they approach 80 years of remaining lease life. Most Singapore bank valuers apply substantial haircuts to properties with less than 75–80 years unexpired, and the discounts accelerate as lease dips below this threshold. You must verify The Antares' exact lease term with your conveyancing solicitor before committing—if the development holds 95+ years of lease remaining, lease decay is a non-issue for any foreseeable holding period and resale remains unimpeded. However, if lease is materially closer to 80 years (e.g., 78–82 years), your future resale value may compress by 10–15% compared to freehold comparables by the time you exit the property in 15–20 years. Lease extension legislation exists but is cumbersome; proactive buyers should seek lease tenure confirmation before purchase to avoid future capital loss surprises.

How much does proximity to Mattar MRT Station (470m / 6 mins walk) affect demand and capital appreciation?

MRT proximity within 500 metres is a powerful demand driver and capital appreciation catalyst in Singapore. Properties within 6–8 minutes walk to an MRT station command measurable price premiums (typically 8–12%) relative to similar units further away. The Mattar MRT location is particularly valuable because the Downtown Line provides direct connectivity to key employment nodes (Marina Bay, Bukit Panjang, Jurong East) without requiring interchange, meaning tenants and owner-occupiers experience genuine convenience. Historical data from the East Coast corridor shows that properties with strong MRT linkage outperformed regional peers by 2–3% annually during the past decade. As Singapore's population density increases and car usage becomes more costly, walkable proximity to MRT will continue supporting valuation growth. Properties at this distance enjoy optimal balance—real convenience without noise, vibration, or flood-risk concerns associated with properties immediately adjacent to stations.

Is this property suitable for a first-time buyer, or is it better for upgraders or investors?

The Antares is fundamentally better suited to upgraders and investors rather than first-time buyers. At S$1,500,000, this property requires a substantial down payment (typically S$300,000–450,000 depending on financing quantum) plus S$200,000+ in transaction costs and ABSD if applicable—a combined outlay of S$500,000–650,000. First-time buyers are better served by HDB flats or smaller new-launch apartments in the S$600,000–900,000 range as initial footholds into property ownership. However, if a first-time buyer has sufficient capital reserves and household income (requiring approximately S$250,000+ annual income for comfortable financing), this established, well-connected property offers superior liquidity and rental upside versus speculative launches in remote precincts. Upgraders transitioning from HDB find this condo a natural next step—the neighbourhood maturity, MRT convenience, and proven track record of capital stability appeal to those prioritising livability over high-risk growth narratives. Investors pursuing steady yield in low-volatility locations find this asset ideal.

What monthly mortgage payment and TDSR headroom can I expect at this price point?

Assuming a S$1,200,000 loan (80% of valuation) over 30 years at prevailing rates (currently 3.5–3.75%), typical monthly mortgage servicing costs (principal, interest, insurance) range from S$5,500 to S$6,200. If you have existing personal loans or credit card facilities, total monthly debt servicing must not exceed 60% of gross household income under banking TDSR rules. For owner-occupier buyers, a household income of approximately S$240,000–250,000 annually (S$20,000–21,000 monthly) provides comfortable TDSR headroom at this property price. If your household income is lower, lenders may restrict the loan quantum or require a co-borrower. Investment property financing is tighter—most banks will only advance 60–70% of valuation (S$900,000–1,050,000) rather than 80%, meaning higher out-of-pocket down payment. Interest rates for investment purchases are typically 0.25–0.50% higher than owner-occupier rates, which increases monthly servicing costs proportionally.

How does The Antares compare in price and positioning to nearby competing developments on Mattar Road and in East Coast?

The Mattar Road corridor hosts several competing developments—some dating from the 1990s–2000s (older vintages) and others from the 2010s–2015 period. Directly comparable 2-bedroom units in similar-era condominiums typically trade at S$1,400,000–1,550,000, placing The Antares at fair mid-market positioning. Newer launches in adjacent precincts (e.g., developments completed post-2015) command significant premiums, often trading at S$1,800,000–2,100,000 for equivalent 2-bedroom floor plates—representing 20–40% price uplift driven by contemporary finishes, higher floor-to-ceiling heights, and marketing narratives around 'new'. Conversely, older developments further from MRT stations or less-favoured microlocations trade at S$1,250,000–1,400,000. The Antares benefits from MRT proximity and neighbourhood maturity; buyers comparing it to new launches should weigh whether the premium for brand-new finishes justifies S$300,000–600,000 in additional outlay. Investors typically prefer established properties like The Antares because rental demand is proven, whereas new launches often experience a 12–24 month lag before stabilised tenancy and rental levels are achieved.

Which floor levels and unit stacks within The Antares offer best value for investment or owner-occupancy?

Mid-floor units (approximately floors 8–15 in typical Singapore condo towers) typically offer the strongest value proposition. Ground and lower-floor units (1–5) are vulnerable to noise from communal areas, lobbies, and carparks, and tenants consistently pay 5–10% less rent for these positions. Very high floors (18+) command lifestyle premiums but are less critical in a moderate-rise development. For investment purchases, corner and single-aspect units on mid-floors with balconies facing East Coast Park or Mattar Road tend to secure marginally higher rental rates (S$4,700–5,200 monthly vs. S$4,300–4,700 for internal-facing units). For owner-occupants prioritising natural light and long views, floors 10–14 with balcony aspects toward parks or lower-density precincts offer superior liveability. Units positioned away from lift lobbies and service corridors will experience less hallway noise. Prospective buyers should request floor plans and unit stacking diagrams from the agent to identify positions that align with personal priorities—investments benefit from units tenants prefer, whilst owner-occupants should optimise for personal amenity preferences.

What is the likely future supply pipeline in East Coast and Mattar Road that could affect property values?

The East Coast and Mattar Road precincts face relatively constrained future supply of new residential developments. Large contiguous land parcels suitable for new condo launches are scarce; most available sites are small infill plots or sites reserved for government projects. The Urban Redevelopment Authority's masterplan does not signal major new residential zoning in this established neighbourhood, meaning significant new supply influx is unlikely within the next 5–10 years. Most new launches arriving in the broader East Coast zone (Bedok, Tanjong Rhu corridors) are positioned in the S$600,000–800,000 price segment for first-time buyers or small units—not direct competitors to established 2-bedroom condominiums at S$1.5 million. The structural supply scarcity supports medium to long-term capital value stability; properties in this location will not experience the value dilution that occurs when new launches flood a precinct. Enbloc activity is theoretically possible but unlikely for well-maintained developments. Buyers can take confidence that their S$1.5 million investment will not face headwind from new competitor supply launching at lower price points in their microlocale.

The Antares 2-Bed Condo $1.5M Mattar Road, 6 mins to MRT