Type

Units

Min Area

Price Range

1 BR

603 sqft

S$1.1M

2 BR

732 sqft

S$1.5M

Property Highlights

Condo development with 2 units currently available.
Prices currently range from S$1.1M to S$1.5M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$230K on this acquisition.
Located 6 min (470 m) from DT25 Mattar MRT Station.

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The Antares: Modern Residential Living at Mattar

The Antares stands as a well-positioned residential development located at 19 Mattar Road in one of Singapore's most established residential neighbourhoods. Situated just 470 metres from Mattar MRT Station on the Downtown Line, the project offers residents and investors a compelling combination of urban accessibility and neighbourhood tranquillity. This proximity to public transport has historically supported sustained capital appreciation and strong tenant demand across similar developments in the East Coast corridor.

Location and Connectivity Advantages

The development's position within a six-minute walk of Mattar MRT Station positions it as an attractive option for professionals, families, and investors seeking efficient access to Singapore's broader transport network. The Downtown Line connection provides direct routes to the central business district, major employment centres, and key leisure destinations across the island. This accessibility has proven instrumental in maintaining rental yields and capital growth for comparable properties in the immediate vicinity over the past five years.

Beyond MRT accessibility, the Mattar area benefits from proximity to established shopping precincts, reputable schools, and a diverse range of dining and retail amenities. The neighbourhood's mature character and residential stability make it particularly appealing to upgraders and families seeking a balance between convenience and community.

Development Characteristics and Market Position

The Antares offers units across multiple configurations, with available properties starting from approximately S$1.5 million. The development caters to a broad spectrum of buyers, including first-time upgraders transitioning from HDB housing, executive homeowners seeking East Coast convenience, and seasoned investors building private residential portfolios. Units typically feature thoughtful layouts and finishes appropriate to their price point, reflecting contemporary residential expectations in the Singapore market.

The per-square-foot valuation of units at The Antares aligns closely with recent arm's length transactions recorded across the Mattar and surrounding Macpherson precinct. This pricing consistency reflects transparent market conditions and offers prospective buyers a reasonable benchmark against comparable sales data. The development's product mix—spanning two-bedroom and larger formats—provides flexibility for diverse occupancy requirements.

Investment Considerations and Rental Yield

Investors considering The Antares should anticipate estimated gross rental yields in the region of 2.5 to 3.5 per cent per annum, dependent on unit configuration, floor level, and market rental conditions at the time of lease commencement. The strong MRT connectivity and neighbourhood amenities support consistent tenant demand from young professionals, expatriate executives, and small families. Historical data suggests that properties within 500 metres of an MRT station in mature East Coast locations have demonstrated rental resilience even during cyclical downturns, making the development an attractive income-generating asset for long-term portfolio builders.

The rental market in this precinct remains competitive, with tenant interest typically focused on units offering practical floor plans, modern finishes, and convenient access to public transport. Investors should factor in management fees, property tax, and maintenance contributions when modelling cash flow projections, as these costs will impact net yield realisation.

Buyer Profile Suitability

First-time private property buyers stepping up from HDB ownership will find The Antares particularly suited to their circumstances, given the accessible entry pricing and proximity to established community infrastructure. The development's location in a neighbourly mature enclave offers psychological comfort for those making their initial move into the condominium market.

Upgraders seeking to relocate from older city-fringe developments will appreciate the contemporary design standards and transport links that The Antares delivers. High-net-worth individuals may view the project as a practical secondary residential asset offering strong rental credentials and convenient East Coast positioning for weekend or extended-stay use.

International investors and Singapore Citizens purchasing a second residential property should note that Additional Buyer's Stamp Duty (ABSD) at the rate of 20 per cent applies to such acquisitions, materially affecting the total capital outlay and financial structuring. This duty is payable on the purchase price and must be factored into financing plans and return-on-investment calculations.

Financing and Debt Servicing Capacity

Prospective buyers financing a purchase at The Antares should be aware that Total Debt Servicing Ratio (TDSR) limits cap mortgage borrowings at 60 per cent of monthly income for most borrowers. At the development's typical price point of S$1.5 million and upwards, this means an individual purchaser would typically require a household monthly income of approximately S$25,000 to S$30,000 to comfortably service a 70 per cent loan-to-value mortgage without breaching TDSR thresholds. Joint applications with a spouse or co-borrower substantially improve financing headroom and may reduce the required income threshold by 20 to 30 per cent, depending on the secondary applicant's earnings and existing liabilities.

Interest rate assumptions in the current environment suggest that mortgage servicing costs will remain a meaningful component of monthly expenses. Buyers are advised to stress-test their affordability assumptions against rate scenarios 1.5 to 2 percentage points above prevailing levels to ensure genuine sustainability.

Leasehold Tenure and Long-Term Capital Preservation

The Antares operates under leasehold tenure, a standard structure for Singapore condominiums. Purchasers should understand that as the lease matures beyond the 60-year mark, residual lease decay will progressively compress capital values and rental yields. Most properties in Singapore's market begin to experience measurable valuation compression when lease length falls below 60 years; this process accelerates materially as tenure falls below 40 years.

Prospective buyers should verify the development's original land lease expiry date and assess how many years remain. Properties with extended lease lengths (90+ years) offer superior long-term capital preservation and should be weighted accordingly in purchase decision-making. Investors, in particular, should scrutinise remaining lease tenure as this metric directly influences exit valuations and tenant demand over a 15 to 20-year holding period.

Comparative Market Position

The Antares occupies a competitive middle ground within the broader East Coast residential market. Comparable nearby developments such as those positioned in the Macpherson and Aljunied corridors offer similar MRT-proximate positioning and demographic appeal, though pricing and per-square-foot valuations vary based on individual project maturity, amenity offering, and brand recognition. Recent comparable sales in the surrounding precinct have indexed at price points that align closely with The Antares, suggesting transparent valuation and minimal deviation from broader market dynamics.

The development's pricing and positioning make it a credible alternative to newer projects further afield, which may command premium positioning but sacrifice convenient transport access. This makes The Antares particularly attractive to value-conscious buyers prioritising functionality and connectivity over cutting-edge newness.

District Supply Pipeline and Future Demand Drivers

The Mattar and greater Geylang-Macpherson precinct has experienced measured new supply in recent years, with several residential launches concentrated in the 2019-2022 window. Going forward, the district is unlikely to experience substantial greenfield residential supply, given the mature urban character and limited available land parcels. This constrained supply environment bodes well for long-term capital appreciation across established projects such as The Antares, as demand from upgraders and investors will compete for a relatively fixed stock.

Planned infrastructure improvements in the broader East Coast region, including ongoing MRT enhancements and precinct-level activation initiatives, should further anchor demand and capital resilience. Properties within easy MRT reach are positioned to benefit disproportionately from such connectivity enhancements, making The Antares a strategically sound long-term investment proposition.

Unit Stack and Floor Level Considerations

Within the development, unit pricing and appeal vary materially based on floor level and stack positioning. Lower-floor units (typically levels 2-5) often command pricing discounts of 5 to 10 per cent relative to mid-rise positions, reflecting buyer preferences for privacy and reduced noise exposure. Mid-rise units (levels 6-20) represent the sweet spot for many investors, balancing privacy, views, and natural light whilst avoiding premium pricing. Higher-floor units command valuation premiums of 8 to 15 per cent, justified by superior views, reduced noise penetration, and psychological appeal to affluent buyers.

From a value perspective, mid-rise units in east or north-facing stacks typically deliver the strongest risk-adjusted returns for investor purchasers, combining reasonable pricing with consistent tenant demand and natural light. Buyer-occupiers should prioritise their personal preference for views, prevailing wind direction, and noise proximity, as these subjective factors meaningfully influence long-term residential satisfaction.

Conclusion

The Antares presents a compelling residential proposition for a broad spectrum of Singapore property buyers. Its strategic positioning proximate to Mattar MRT Station, accessibility, mature neighbourhood context, and transparent market pricing make it a credible acquisition vehicle for upgraders, investor-focused purchasers, and affluent owner-occupiers. Whilst prospective buyers must factor ABSD implications, leasehold tenure considerations, and financing constraints into their decision-making framework, the development's fundamentals—strong connectivity, neighbourhood stability, and constrained local supply—position it favourably for sustained capital appreciation and rental demand over the medium to long term.

Frequently Asked Questions

What rental yield can an investor realistically expect from purchasing a unit at The Antares?

Investors should anticipate gross rental yields between 2.5 and 3.5 per cent per annum across the development, depending on unit configuration and prevailing market rental rates. The strong proximity to Mattar MRT Station supports consistent tenant demand from young professionals and expatriate executives, historically sustaining rental stability even during market downturns. Net yields after accounting for property management fees, maintenance contributions, and property tax will typically run 0.5 to 1 percentage point below gross yields, placing net returns in the 1.5 to 2.5 per cent range. The mature East Coast location has demonstrated long-term rental resilience, making The Antares a credible income-generating asset for conservative portfolio builders.

How does The Antares' per-square-foot pricing compare to recent transactions in the Mattar and Macpherson precinct?

The Antares sits squarely within the recent arm's length pricing observed across comparable East Coast projects, with per-square-foot valuations reflecting transparent market conditions in the S$2,000 to S$2,200 per square foot range depending on unit size and finish specification. Recent comparable sales in the broader Mattar, Macpherson, and Geylang corridor confirm that The Antares is not materially mis-priced relative to market transactions, offering prospective buyers confidence in fair valuation. This pricing consistency reflects the development's maturity and market acceptance; neither premium nor discount valuations suggest distressed supply or artificial scarcity. Buyers conducting their own comparable analysis will find the development's pricing supportable by recent transactional data.

What is the ABSD impact for a Singapore Citizen purchasing a second residential property at The Antares?

Singapore Citizens buying a second residential property at The Antares will incur Additional Buyer's Stamp Duty (ABSD) at the rate of 20 per cent, calculated on the purchase price. This material additional cost must be factored into the total capital outlay and financing plan; for a S$1.5 million acquisition, ABSD would equal S$300,000, significantly impacting cash-on-hand requirements and loan-to-value calculations. The 20 per cent ABSD is payable at the point of legal completion and cannot be financed through the mortgage, requiring buyers to source these funds separately. When structuring a purchase, savvy investors should model ABSD as a cost of acquisition alongside legal and survey fees, rather than treating it as an optional or deferrable expense.

What is the leasehold tenure of The Antares, and how will lease decay affect long-term resale value?

The Antares operates under standard Singapore leasehold tenure; prospective buyers should confirm the original lease expiry date and remaining tenure at the point of acquisition. Leasehold properties typically experience measurable valuation compression as remaining tenure falls below 60 years, with depreciation accelerating materially below 40 years. Properties with longer remaining lease lengths (90+ years at time of purchase) offer superior long-term capital preservation and should be weighted accordingly in buyer decision-making. Investors planning a 15 to 20-year holding horizon should prioritise developments with substantial remaining tenure, as lease decay will directly compress exit valuations and tenant demand during their holding period.

How does The Antares' proximity to Mattar MRT Station influence capital appreciation and rental demand?

The 470-metre distance to Mattar MRT Station—approximately a six-minute walk—is a primary demand driver for The Antares and a key capital appreciation lever over the medium to long term. Properties within 500 metres of MRT stations in mature East Coast locations have historically appreciated faster than precinct averages, supported by consistent tenant and buyer demand from transport-conscious occupants. The Downtown Line connection provides direct routes to employment centres and leisure precincts, sustaining annual demand refresh from upgraders, expatriate professionals, and investors. MRT-proximate developments in this precinct have outperformed isolated alternatives by 15 to 25 per cent over ten-year periods, reflecting the premium that the Singapore market attaches to transport accessibility.

Which buyer profiles are best suited to purchase at The Antares, and why?

The Antares appeals strongly to first-time private property upgraders stepping up from HDB ownership, given its accessible entry pricing and position in a neighbourly mature enclave. Upgraders relocating from older city-fringe developments will appreciate the contemporary standards and East Coast connectivity. Investor-focused purchasers value the strong rental credentials and MRT proximity supporting consistent tenant demand. High-net-worth owner-occupiers may view the development as a practical secondary residential asset, whilst Singapore Citizens purchasing a second property should carefully factor the 20 per cent ABSD impact into their financial structuring. Expatriate executives seeking East Coast convenience will find the project's accessibility and neighbourhood amenities well-matched to their requirements.

What TDSR headroom should a buyer anticipate at The Antares' typical price points, and how does joint borrowing affect financing capacity?

At The Antares' typical entry price of S$1.5 million and assuming a 70 per cent loan-to-value mortgage, an individual purchaser would typically require a monthly household income of approximately S$25,000 to S$30,000 to remain comfortably within the Total Debt Servicing Ratio (TDSR) ceiling of 60 per cent. Joint applications with a spouse or co-borrower substantially improve financing headroom, potentially reducing required income thresholds by 20 to 30 per cent whilst proportionally increasing accessible loan amounts. Buyers should stress-test affordability assumptions against interest rate scenarios 1.5 to 2 percentage points above current levels to ensure genuine sustainability over a 25-30 year mortgage term. Strong household income documentation and demonstrated savings capacity will materially strengthen loan approvals and may unlock more favourable interest rate pricing.

How does The Antares' pricing and positioning compare to nearby competing developments?

The Antares competes directly with comparable MRT-proximate developments in the Macpherson, Aljunied, and broader Geylang corridor, typically ranging from similar entry-level pricing to premium positions commanding 10 to 15 per cent price premiums. The development's positioning sits comfortably in the middle of this competitive spectrum, offering strong value relative to newer projects further afield that command premium positioning but sacrifice convenient transport access. Recent comparable sales data confirms that The Antares is neither artificially discounted nor materially overpriced relative to immediate competitors, suggesting transparent market acceptance and optimal positioning for buyers seeking East Coast accessibility. The development's maturity and established tenant track record provide reassurance that neither hidden liabilities nor market rejection are constraining its valuation.

Which unit stacks and floor levels offer the best value for investor purchasers at The Antares?

Mid-rise units (typically levels 6-20) positioned in east or north-facing stacks represent the optimal value sweet spot for investor purchasers, balancing reasonable pricing with consistent tenant demand, superior natural light, and reduced noise exposure. Lower-floor units (levels 2-5) often attract 5 to 10 per cent pricing discounts reflecting buyer privacy preferences, presenting potential value opportunities for investors prioritising entry-level cost bases. Higher-floor units command valuation premiums of 8 to 15 per cent justified by views and psychological appeal, generally offering weaker risk-adjusted returns for income-focused investors. Buyer-occupiers should prioritise personal preference for views, natural light, and prevailing wind direction, as these subjective factors meaningfully influence long-term residential satisfaction and may justify premium pricing in their individual circumstances.

What is the future supply pipeline in the Mattar and Macpherson district, and how will this affect The Antares' long-term capital prospects?

The Mattar and greater Macpherson precinct has experienced measured residential supply over the 2019-2022 period, with limited greenfield development opportunities remaining due to the district's mature urban character and constrained available land parcels. Going forward, substantial new supply is unlikely, positioning established projects like The Antares to benefit from demand-supply imbalance dynamics supporting long-term capital appreciation. Upgraders and investors competing for a relatively fixed residential stock in this well-established precinct should experience sustained pricing momentum over the medium to long term. Planned infrastructure improvements in the broader East Coast region, including MRT enhancements and precinct activation initiatives, will further anchor demand fundamentals and capital resilience for MRT-proximate developments such as The Antares.

[For Sale] The Antares — From S$1.1M