Renowned Singaporean entrepreneur and boutique property developer Que Neo, of Euro Properties, is passionate about creating residential projects in his desired living area. His latest venture, K Suites, developed by subsidiary EG Properties, is a 19-unit apartment block situated along Lorong K Telok Kurau in District 15, the sought-after East Coast region. The project is set to receive its temporary occupation permit (TOP) in the first quarter of 2025.
The key highlight of K Suites is its prime location, offering convenient access to the beach, East Coast Park, shopping centers, the Central Business District (CBD), and Changi Airport. Neo states, “With the East Coast Parkway and Pan-Island Expressway, the airport is just a 10-minute drive away, and downtown is just 10 minutes away.”
The development also enjoys close proximity to public transport, making it easily accessible for residents. The nearest bus stop is less than 50 meters away, with just two stops to reach the nearest MRT stations: Marine Parade on the Thomson-East Coast Line (TEL) and Eunos on the East-West Line (EWL). Eunos Station is also just one stop away from the Paya Lebar Interchange (for the EWL and Circle Line) and five stops from the Bugis Interchange (for the EWL and Downtown Line). Similarly, Marine Parade Station is only five stops from the Marina Bay Interchange (for the TEL, North-South, and Circle Lines) and six stops from Shenton Way in the CBD. The TEL provides direct train access to Orchard Road and Woodlands North, which is also the Rapid Transit System (RTS) Station connecting Singapore to the Bukit Chagar Station in Johor Bahru.
Furthermore, the location boasts excellent education opportunities, with the project located within 1km of popular primary schools including Tao Nan School, Haig Girls’ School, and CHIJ (Katong) Primary. Secondary schools such as Dunman High School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School are also located nearby. Additionally, PCF Sparkletots @ Joo Chiat, a renowned preschool among families with young children, is just two doors away from K Suites.
Designed by JGP Architecture, K Suites boasts a sleek and contemporary design with its curtain wall system and glass exterior, allowing for natural light and unobstructed views of the surrounding neighborhood. The apartments feature regular layouts with ceiling heights of 3.5m to 4.5m, while the penthouses have a generous ceiling height of 7m. The absence of bay windows and wasted corridors makes the interiors more spacious and efficient. The units also feature top-of-the-line German brand fittings, including Miele kitchen appliances, Duravit sanitaryware, and Grohe bathroom fittings.
Residents of K Suites can enjoy a wide range of facilities, including a swimming pool, Jacuzzi, barbeque pit, lounge area, gym, outdoor fitness area, and playground. The project also features a grand arrival and drop-off area, with a surface carpark that can accommodate 16 cars and two electric vehicle charging stations.
Since the project was previewed in September 2022, the first phase of 10 units has been sold out as of Feb 2, with the buyers being mainly Singaporean professionals, including doctors, lawyers, and corporate executives, according to Neo. The development offers a mix of three-bedroom units ranging from 797 to 872 sq ft and 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 four units available, of which three have already been sold. These units have been popular among large families, with one unit sold to a family with four children, giving each child their own bedroom.
Neo notes that most buyers are upgraders, looking for a freehold property in the prime District 15 location. Some buyers also prefer to downsize from a house to an apartment, with a preference for units on the ground floor, which overlook the landscaped garden and facilities and have a ceiling height of 4.5m.
K Suites has been highly anticipated in the market, with the latest transaction being for an 872 sq ft, three-bedroom unit on the fourth floor, which was sold for $2.13 million ($2,443 psf) in November. As Neo states, “K Suites is the most affordable new freehold project in District 15.” With the project’s expected TOP and the current positive market sentiment, developer Euro Properties is releasing the remaining units in the development, with prices starting from $2.058 million ($2,582 psf) for three-bedroom units and $2.525 million ($2,347 psf) for four-bedroom units. The sole five-bedroom penthouse is priced at $3.5 million ($2,154 psf).
Huttons Data Analytics has also noted a significant appreciation in prices for selected boutique developments in District, with a 234.2% increase in prices since the January 2002 launch of the 127-unit Malvern Springs. Rental rates in the area have also risen by 76.5% in the past five years, from January 2020 to December 2024, for boutique condos in Telok Kurau and Joo Chiat. Overall, K Suites presents an excellent opportunity for buyers and investors seeking a freehold property in District 15, with its desirable location, efficient layout, and quality materials.
When it comes to investing in a condo, financing is a crucial factor to consider. Fortunately, Singapore has a variety of mortgage options available. However, it is important to take note of the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan that a borrower can take, based on their income and existing debt obligations. To ensure that you make well-informed decisions about your financing, it is advisable to work with financial advisors or mortgage brokers who can guide you through the process. By understanding the TDSR and seeking expert advice, investors can avoid over-leveraging themselves. This is especially important when investing in Singapore Projects.