FSKH Development awarded with a residential development at Mattar Road at a tendered price of $223m.

Source: The Business Times

The 99-year leasehold residential site at Mattar Road is acquired by Keong Hong Land, a wholly owned subsidiary of Keong Hong Holdings, which is part of the consortium of FSKH Development, for S$53.8 million. The site measures 67,060 sqft. The winning bid from FSKH Development was S$223 million. The Mattar Road site has two zones, with the low rise zone being 5 storeys and the high rise zone being 64 metres above mean sea level (AMSL). The Mattar Road site can house an estimated 250 residential units.

The Antares is located directly beside Mattar MRT station on the Downtown line, with Canossa Catholic Primary School located just beside Mattar MRT station as well. Residents can do their grocery shopping at the nearby FairPrice which is situated at Circuit Road, and they can also have their meals at the Circuit Road Market and Food Centre, which is directly beside the FairPrice. Other than the Food Centre, there are a handful of cafés and eateries scattered around the vicinity as well, such as Soon Lee Lor Mee, Victor’s Vegetarian Food, Bud of Joy and Hippo. Furthermore, nearer to the development, there is MacPherson Community Club, with MacPherson Market and Food Centre just behind it. Further down, there is MacPherson MRT, which is about a 5 to 10 minutes’ walk. MacPherson MRT is an interchange station which serves both the Downtown Line and the Circle Line. Residents can take a walk at the nearby Aljunied Park, which is located beside Canossa Catholic Primary School.

The Antares condominium will prove to be a much desirable choice of home, as it is opposite an industrial area, as well as being near to Kallang Distripark and Ubi, which is an industrial estate as well. As more amenities are being put in place in the vicinity, the market prices of the residential units will definitely soar.