Que Neo, a prominent Singaporean entrepreneur and boutique property developer from Euro Properties, has a vision to create residential projects that he would personally like to live in. His latest venture, K Suites, a subsidiary of EG Properties, is a forthcoming 19-unit apartment complex located in the prestigious East Coast district, in District 15. The project is expected to be completed and obtain its temporary occupation permit (TOP) by the first quarter of 2025.
One of the key selling points for K Suites is its coveted location, just minutes away from the beach, East Coast Park, shopping malls, the Central Business District (CBD), and Changi Airport. Neo explains, “With easy access to the East Coast Parkway and Pan-Island Expressway, you can reach the airport in just 10 minutes and downtown in 10 minutes as well.”
The development also boasts close proximity to public transportation and renowned schools. The nearest bus stop is less than 50 meters away, making it convenient for residents to access neighboring MRT stations, such as Marine Parade on the Thomson-East Coast Line (TEL) and Eunos on the East-West Line (EWL). Eunos Station is only one stop away from Paya Lebar Interchange (providing access to the EWL and Circle Line) and five stops from Bugis Interchange (connecting to the EWL and Downtown Line).
For families with young children, K Suites is located just two doors away from PCF Sparkletots @ Joo Chiat, a reputable preschool. The development is also within a 1km radius of popular primary schools like Tao Nan School, Haig Girls’ School, and CHIJ (Katong) Primary. Additionally, prestigious secondary schools such as Dunman High School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School are nearby.
Designed by JGP Architecture, K Suites features a sleek, contemporary exterior with its curtain wall system allowing natural light to illuminate the interior and providing unobstructed views of the surrounding neighborhood. The typical units have regular layouts with 3.5m to 4.5m ceiling heights, while the duplex penthouses boast a 7m ceiling height. Neo highlights, “The apartments have been thoughtfully designed without bay windows or wasted corridors, resulting in more spacious and efficient interiors.” The units are also fitted with top-of-the-line German brand appliances, including Miele kitchen appliances, Duravit sanitaryware, and Grohe bathroom fittings.
Residents will have access to a range of facilities, including a swimming pool, Jacuzzi, barbeque pit, lounge area, gym, outdoor fitness area, and playground. The project’s strategic location enables the creation of a grand arrival and drop-off area, while the surface carpark offers 16 parking spaces and two electric vehicle charging stations.
Since the project’s preview launch in September 2022, the first phase of 10 units has already been sold. According to Neo, the buyers are predominantly Singaporean professionals, such as doctors, lawyers, and corporate executives. K Suites offers a mix of three-bedroom units (797 to 872 sq ft), four-bedroom units (1,076 to 1,130 sq ft), and five-bedroom penthouses (1,625 to 1,679 sq ft). The penthouses have been especially popular among large families, with one unit already sold to a family with four children.
Neo also notes that many buyers are looking to upgrade to a larger, freehold property in the prime District 15 location. Some are downsizing from houses to apartments, with a preference for units on the ground level with a ceiling height of 4.5m, overlooking the landscaped garden and facilities.
K Suites is considered the most affordable new freehold project in District 15, with prices expected to rise as the project nears its TOP and market sentiment remains positive. Euro Properties is releasing the remaining units in the development, with three-bedroom apartments starting from $2.058 million ($2,582 psf) and four-bedroom units from $2.525 million ($2,347 psf). One five-bedroom penthouse is still available for sale at $3.5 million ($2,154 psf).
In the wake of the COVID-19 pandemic, boutique developments have gained popularity among some homebuyers, seeking exclusivity, tranquility, and low-density living. A study by Huttons Data Analytics found that prices for selected boutique developments in District 15 have appreciated by over 100% since their launch, with monthly median rents rising by 76.5% over the past five years.
District 15 has long been a popular choice for expatriates, offering a desirable lifestyle with its close proximity to the beach, East Coast Park, and a variety of dining and shopping options. With its prime location and attractive features, K Suites is an appealing choice for both investors and homebuyers.