The Antares Review — Geylang / Eunos · D14
PI Score: 67/100 — Good
Is The Antares a good buy?
PI Score rates The Antares 67/100 — a "Good" verdict. That makes it a conditional buy for buyers who prioritise a central, well-connected address and investors chasing a workable ~4.6% yield. Strongest card: Rental demand supports ~4.6% gross. Main watch-out: Not a school-belt play. Pricing is reasonable for the location at current market.
Last updated 2025-01-15 · scored against URA caveat data.
Key facts
- Verdict: Good
- Region: Rest of Central Region
- Tenure: 99-yr leasehold
- Completed: 2022
- Units: 265
- Developer: Keong Hong / Hock Lian Seng / TA Corp JV
- Avg PSF: ~$1,828 psf
- Price from: S$1.22M
What works in its favour
- Rental demand supports ~4.6% gross: Rental scores 9/10 — tenants are findable in this pocket, so an investor is not underwriting long vacancy between leases.
- Genuinely well-connected: Location scores 8/10 — MRT and daily amenities are within practical reach, which is what keeps both tenant demand and the resale pool deep.
- Entry price leaves room: Value scores 8/10 at ~$1,828 psf (entry from $1.22M) — you are not paying for the whole story upfront, which is where a margin of safety comes from.
- Precinct has a catalyst: Growth scores 7/10 — infrastructure or Master Plan work in the area gives this a reason to re-rate beyond general market drift.
What to watch out for
- Not a school-belt play: Schools score 6/10 — families treating P1 proximity as the deciding criterion will find better odds elsewhere, which thins one important slice of the resale pool.
- Plan a patient exit: Exit scores 6/10 across 265 units — a thinner resale pool means fewer comparables and a longer runway to sell. Budget five to eight years minimum.
Who The Antares suits
- Buyers who prioritise a central, well-connected address
- Yield investors — ~4.6% gross is workable; favour larger unit types
- Buyers who value a stable, established neighbourhood over speculative upside
Who should look elsewhere
- Buyers hunting deep relative value — the market has already priced in most of the story
- Short-term flippers — stamp duty + agent fees demand a 5-year minimum hold
- Buyers wanting a guaranteed top-tier primary within 1km walking distance
Huat Kueh says
Geylang / Eunos tenant demand steady — rental side won't sit empty. Not a yes, not a no — depends on your timeline lah.
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