Singaporean entrepreneur and boutique real estate developer Que Neo of Euro Properties has a vision to create residential projects in his ideal living location. His latest development, K Suites, by subsidiary EG Properties, is a 19-unit apartment building in the sought-after East Coast area of District 15. The project is set to obtain temporary occupation permit (TOP) sometime in the first quarter of 2025.
The main highlight of K Suites is its prime location, offering convenient access to the beach, East Coast Park, shopping malls, the Central Business District (CBD), and Changi Airport. “With the East Coast Parkway and Pan-Island Expressway, it only takes about 10 minutes to get to the airport and the city center,” says Neo.
The project is within close proximity to public transportation and popular schools. The nearest bus stop is less than 50m away, providing easy access to nearby MRT stations like 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 away from the Bugis Interchange, connected to the EWL and Downtown Line. Meanwhile, Marine Parade Station is only five stops from the Marina Bay Interchange, which connects to the TEL, North-South, and Circle Lines, and six stops from Shenton Way in the CBD. The TEL also provides direct train access to Orchard Road and Woodlands North, which is also the Rapid Transit System (RTS) Station that links Singapore to the Bukit Chagar Station in Johor Bahru.
K Suites is also located near 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, making it an ideal location for families with young children.
The 19-unit apartment building, designed by JGP Architecture, boasts a sleek and contemporary aesthetic with its curtain wall system, allowing natural light to enter and providing unobstructed views of the surrounding neighborhood. Units at K Suites have regular layouts and ceiling heights of 3.5m to 4.5m, while the penthouses have a 7m ceiling height. Neo emphasizes that the apartments have no bay windows or wasted corridors, resulting in more spacious and efficient interiors. Top-end German brand fittings, including Miele kitchen appliances, Duravit sanitaryware, and Grohe bathroom fittings, are featured in the apartments.
Residents can also enjoy a range of facilities, including a swimming pool, Jacuzzi, barbeque pit, lounge area, gym, outdoor fitness area, and playground. The project is set back from the main road, allowing for a grand arrival and drop-off area, and has a large surface carpark with space for 16 cars and two electric vehicle charging stations.
After the freehold apartment project was previewed in September 2022, the first phase of 10 units has been sold as of February 2023. The buyers, predominantly Singaporean professionals such as doctors, lawyers, and corporate executives, were drawn to the project’s prime location and freehold status. 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. There are also four five-bedroom penthouses, of which three have been sold, leaving only one available for sale. These penthouses are popular among large families, with one already sold to a family with four children.
Neo notes that most of the buyers are upgraders, looking for a prime District 15 address and downsizers from houses to apartments. Ground-level units overlooking the landscaped garden and facilities are highly sought after, with their 4.5m ceiling height.
K Suites is priced as the most affordable new freehold project in District 15, with the latest transaction for an 872 sq ft, three-bedroom unit on the fourth floor fetching $2.13 million ($2,443 psf) in November. With its imminent TOP and the current positive market sentiment, developer Euro Properties has released the remaining units in the development. The three-bedroom apartments are now priced from $2.058 million ($2,582 psf), while four-bedroom units start at $2.525 million ($2,347 psf). The sole five-bedroom penthouse is priced at $3.5 million ($2,154 psf).
Investing in a condo in Singapore has garnered significant attention among local and foreign investors, thanks to the country’s strong economy, stable political climate, and exceptional quality of life. The real estate market in Singapore boasts various prospects, with condos being a top choice for their favorable location, modern facilities, and potential for lucrative returns. This piece will delve into the advantages, factors to consider, and crucial steps to take when looking to invest in a condo in Singapore. Interested investors can find a diverse selection of condos by browsing through Condo listings.
Huttons Data Analytics has found that boutique developments in District 15 have appreciated by over 100% since their launch, with the prices at Malvern Springs, launched in January 2002, 234.2% higher. Over the past five years, monthly median rents at selected boutique condos in Telok Kurau and Joo Chiat have risen by 76.5%, according to the study. District 15 has long been popular with expatriate tenants for its lifestyle offerings, such as its proximity to the East Coast Park, beach, and diverse range of food and beverage options. K Suites is also expected to be a popular choice for investors.
In conclusion, with its ideal location, efficient layouts, high-quality materials, and family-friendly units, K Suites by Euro Properties is set to be a sought-after development in District 15. Its proximity to transportation, popular schools, and the CBD, along with its freehold status, make it an attractive option for both homeowners and investors alike.