Que Neo, a prominent businessman and boutique property developer from Singapore, has a strong vision for his latest residential projects – he wants to develop properties that he would personally choose to live in. Euro Properties, his company, is currently working on a new project called K Suites, which will be a 19-unit apartment block located along Lorong K Telok Kurau in the highly sought-after District 15 area. The project, which is being developed by subsidiary company EG Properties, is expected to obtain its temporary occupation permit (TOP) in the first quarter of 2025.
The main attraction of K Suites is its prime location, offering easy access to amenities such as the beach, East Coast Park, shopping malls, the Central Business District (CBD), and Changi Airport. Neo explains, “With the East Coast Parkway and Pan-Island Expressway, it takes just 10 minutes to reach the airport and 10 minutes to get to downtown.”
The project is also conveniently close to public transportation options, with the nearest bus stop being less than 50m away. From there, residents can take a short ride to two nearby MRT stations – Marine Parade on the Thomson-East Coast Line (TEL) and Eunos on the East-West Line (EWL). Eunos Station is just one stop away from the Paya Lebar Interchange, which connects to the EWL and Circle Line, and five stops from the Bugis Interchange, which connects to the EWL and Downtown Line. Meanwhile, Marine Parade Station is just five stops away from the Marina Bay Interchange, where residents can access the TEL, North-South Line, and Circle Line, and six stops from Shenton Way in the CBD. The TEL also offers direct train access to popular destinations like Orchard Road and Woodlands North, which is also the location of the upcoming Rapid Transit System (RTS) Station that will connect Singapore to the Bukit Chagar Station in Johor Bahru.
In terms of education, K Suites is located within 1km of popular primary schools such as Tao Nan School, Haig Girls’ School, and CHIJ (Katong) Primary. It is also close to prestigious secondary schools like Dunman High School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School. For young families with children, the project is just two doors away from PCF Sparkletots @ Joo Chiat, a popular preschool.
The apartments at K Suites have been thoughtfully planned and designed by JGP Architecture. The building boasts a sleek and contemporary facade thanks to its curtain wall system, which also allows for plenty of natural light and unobstructed views of the surrounding neighborhood. The units feature regular layouts with ceiling heights ranging from 3.5m to 4.5m. The duplex penthouses, on the other hand, have a lofty 7m ceiling height. According to Neo, “The apartments have no bay windows or wasted corridors, resulting in more spacious and efficient interiors.”
The units are also outfitted with top-of-the-line German brand fittings such as Miele kitchen appliances, Duravit sanitaryware, and Grohe bathroom fittings. Residents can also enjoy a variety of facilities, including a swimming pool, Jacuzzi, BBQ pit, lounge area, gym, outdoor fitness area, and playground.
K Suites also offers a grand arrival and drop-off area and a surface car park with space for 16 cars. There are also two electric vehicle charging stations available.
Since its preview in September 2022, the first phase of 10 units has already been sold, with the majority of buyers being Singaporeans, including professionals such as doctors, lawyers, and corporate executives. The remaining units in the development are now being released for sale. These include three-bedroom apartments starting from $2.058 million ($2,582 psf) and four-bedroom units starting from $2.525 million ($2,347 psf). The sole five-bedroom penthouse is tagged at $3.5 million ($2,154 psf). According to Neo, “K Suites is the most affordable new freehold project in District 15.”
Boutique developments, like K Suites, have been gaining popularity in District 15, especially since the onset of the pandemic. These smaller, exclusive developments offer a sense of tranquility and exclusivity that appeals to some buyers. An analysis by Huttons Data Analytics showed that prices in selected boutique developments in the area have appreciated by over 100% since their launch. Additionally, rental prices in the area have also seen a significant increase, with some boutique condos in Telok Kurau and Joo Chiat, such as the 127-unit Coralis, seeing a 76.5% increase in median rents over the past five years.
District 15 has always been a favorite among expatriate tenants due to its convenient location and lifestyle offerings, including the nearby East Coast Park, beach, and numerous F&B options. K Suites is also expected to attract investors, with its prime location and potential for rental returns.
Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art infrastructure. Condos, strategically located in sought-after areas, offer the perfect combination of opulence and convenience, making them highly desirable for both locals and foreigners. These modern residences come equipped with a variety of facilities, including swimming pools, fitness centers, and round-the-clock security, elevating the overall living experience and making them an attractive option for potential renters and buyers. From an investor’s perspective, these amenities result in higher rental returns and a steady increase in property values over time.