Singaporean entrepreneur and boutique property developer Que Neo, of Euro Properties, has a vision to create residential projects in areas where he himself would like to live. His latest undertaking, K Suites, is a 19-unit apartment complex along Lorong K Telok Kurau in the highly coveted District 15 of the East Coast. This project, developed by subsidiary company EG Properties, is expected to receive its temporary occupation permit (TOP) in the first quarter of 2025.
One of the most alluring aspects of K Suites is its prime location, providing easy access to the beach, East Coast Park, shopping centers, the Central Business District (CBD), and Changi Airport. “With the East Coast Parkway and Pan-Island Expressway, it takes only 10 minutes to reach the airport and downtown,” according to Neo.
The apartment complex is also conveniently located near public transportation and popular schools. It is less than 50m from the nearest bus stop, with just two stops to Marine Parade on the Thomson-East Coast Line (TEL) and Eunos on the East-West Line (EWL). Eunos is just one stop away from the Paya Lebar Interchange and five stops from the Bugis Interchange, making it easy to travel to different parts of Singapore. Marine Parade Station is only five stops from Marina Bay Interchange and six stops from Shenton Way in the CBD. The TEL also provides direct access to Orchard Road and Woodlands North, as well as the Rapid Transit System (RTS) Station connecting Singapore to Bukit Chagar Station in Johor Bahru.
Families with young children will appreciate the proximity of K Suites to popular schools, such as Tao Nan School, Haig Girls’ School, CHIJ (Katong) Primary, Dunman High School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School. Additionally, it is only two doors away from PCF Sparkletots @ Joo Chiat, a highly desirable preschool.
Designed by JGP Architecture, the apartment complex boasts a sleek and modern facade with its curtain wall system, allowing natural light in and unobstructed views of the surrounding neighborhood. The units have efficient and regular layouts, with ceiling heights of 3.5m to 4.5m, and the penthouses offering a ceiling height of 7m. “The apartments have been meticulously designed without bay windows or wasteful corridors, resulting in spacious and functional interiors,” says Neo.
K Suites feature high-end German fittings, including Miele kitchen appliances, Duravit sanitaryware, and Grohe bathroom fixtures. Residents can also enjoy various facilities, such as a swimming pool, Jacuzzi, barbecue pit, lounge area, gym, outdoor fitness area, and playground. The apartment complex has a grand arrival and drop-off area, and ample parking for 16 cars and two electric vehicle charging stations.
Since its preview in September 2022, the first phase of 10 units has been sold as of February 2023. The buyers are mainly Singaporeans, including professionals like doctors, lawyers, and corporate executives, according to Neo. The development features four three-bedroom units ranging from 797 to 872 sq ft, and 11 four-bedroom units ranging from 1,076 to 1,130 sq ft. The largest units at K Suites are the five-bedroom penthouses, with only one unit remaining for sale. These penthouses are popular among large families, with one sold to a family of four children, each having their own bedroom.
Most buyers are upgraders looking for a prime District 15 address in a freehold property. Other buyers include those downsizing from a house to an apartment, with a preference for units on the ground floor, offering a ceiling height of 4.5m and overlooking the landscaped garden and facilities.
According to Neo, “K Suites is currently the most affordable new freehold project in District 15.” With K Suites nearing its TOP and the positive market sentiment, Euro Properties is releasing the remaining units in the complex. Three-bedroom units are now priced from $2.058 million ($2,582 psf), four-bedroom units from $2.525 million ($2,347 psf), and the sole five-bedroom penthouse at $3.5 million ($2,154 psf).
District 15 has always been a preferred location for expatriate tenants, thanks to its lifestyle offerings such as the East Coast Park, beach, and a variety of dining and shopping options. Therefore, K Suites is expected to appeal to investors as well. Additionally, boutique developments have gained popularity since the pandemic, with some people opting for low-density and exclusive living. Huttons Data Analytics has found that prices of boutique condos in District 15 have appreciated by over 100% since their launch and monthly median rents have seen a 76.5% increase in the past five years. K Suites, with its prime location, efficient layout, and quality materials, presents an excellent investment opportunity in District 15.