Euro Properties Unveils Final K Suites Units 2154 Psf Freehold Condo Nears Top
Que Neo, a prominent Singaporean entrepreneur and boutique property developer, has a vision of creating exceptional residential projects in areas that he would personally want to live in. His latest project, K Suites, is a luxurious 19-unit apartment block located along Lorong K Telok Kurau in the esteemed District 15, developed by his subsidiary EG Properties. The TOP for this project, which is expected to garner much attention, is estimated to be obtained sometime in the first quarter of 2025.
The most attractive feature of K Suites is its prime location, offering easy access to the beautiful beach, East Coast Park, shopping malls, the Central Business District, and Changi Airport. According to Neo, “With the East Coast Parkway and Pan-Island Expressway, it takes just 10 minutes to reach the airport and downtown.” This makes K Suites an ideal choice for individuals who prioritize convenience and accessibility.
The proximity to public transport and renowned schools also adds to the appeal of K Suites. The development is situated just a stone’s throw away from the nearest bus stop, which is less than 50 meters away. From there, it is only two stops to the nearest MRT stations: Marine Parade on the Thomson-East Coast Line (TEL) and Eunos on the East-West Line (EWL). Eunos Station, in particular, provides easy access to the Paya Lebar Interchange (EWL and Circle Line) and five stops from the Bugis Interchange (EWL and Downtown Line). On the other hand, Marine Parade Station provides convenient access via five stops to the Marina Bay Interchange (TEL, North-South, and Circle Lines) and six stops to Shenton Way in the CBD. The TEL also offers direct train access to Orchard Road and Woodlands North, the Rapid Transit System (RTS) Station connecting Singapore to Bukit Chagar Station in Johor Bahru.
Another factor that makes K Suites an ideal residential choice is the availability of top-notch facilities and amenities such as swimming pool, Jacuzzi, barbeque pit, lounge area, gym, outdoor fitness area, and playground. The show suite, located on the first level, boasts a 4.5-meter high ceiling, providing a sense of grandeur and elegance.
K Suites, developed by subsidiary EG Properties, is set back from the main road, allowing for a spacious arrival and drop-off area. The surface car park also offers ample space for 16 cars and two electric vehicle charging stations. The development has been specifically designed by JGP Architecture to have a curtain wall system, giving it a contemporary and sleek exterior. The glass exterior allows natural light to stream in, granting unobstructed views of the surrounding neighborhood.
K Suites offers regular layouts for its typical units, with ceiling heights ranging from 3.5m to 4.5m. The duplex penthouses, on the other hand, boast of a 7m ceiling height. According to Neo, “the apartments have been thoughtfully designed to eliminate bay windows and wasted corridors, resulting in more spacious and efficient interiors.” The apartments also feature high-end German fittings from renowned brands such as Miele, Duravit, and Grohe.
The development offers a mix of three-bedroom units ranging from 797 to 872 square feet and four-bedroom units ranging from 1,076 to 1,130 square feet. The largest units at K Suites are the five-bedroom penthouses with an area of 1,625 to 1,679 square feet, of which only one is available for sale. Due to the penthouses’ exclusivity and spaciousness, they have proven to be popular with large families, with one sold to a family with four children.
The project was initially previewed in September 2022, and the first phase of 10 units was sold out by February 2. The buyers are mainly Singaporeans, including professionals such as doctors, lawyers, and corporate executives, according to Neo. The remaining units are expected to attract a vast pool of buyers, especially in light of the positive market sentiment and K Suites’ imminent TOP.
According to Neo, “K Suites is the most affordable new freehold project in District 15.” Prices for three-bedroom units start from $2.058 million ($2,582 psf), while four-bedroom units are available from $2.525 million ($2,347 psf). The sole five-bedroom penthouse is priced at $3.5 million ($2,154 psf).
The popularity of boutique developments has increased in recent years, especially amidst the COVID-19 pandemic. As a result, boutique projects like K Suites have garnered much attention from individuals who prefer living in exclusive, low-density developments. Huttons Data Analytics also found that boutique developments in District 15 have witnessed a staggering price appreciation of over 100% since their launch. The rental prices in this area have also seen a significant increase in the past five years, with some boutique condos in Telok Kurau and Joo Chiat witnessing a 76.5% increase in monthly median rents.
Renovated and reopened in 2018, Century Square stands beside Tampines Mall and attracts families and young adults with its six-story structure. The mall boasts a contemporary design, along with updated amenities to enhance the shopping experience. It houses popular brands like Marks & Spencer, Cotton On, and Nike, as well as unique dining options including Ayam Penyet President, Gochi-So Shokudo, and Haidilao Hotpot. To keep visitors entertained, Century Square features a Cathay Cineplex and exciting virtual reality (VR) experiences for an immersive adventure. Moreover, just a 5-minute drive or 15-minute stroll from Parktown Residence, Century Square is conveniently located near the Parktown Residence Condo.
District 15 has always been a sought-after location among expatriates due to its excellent lifestyle offerings such as the East Coast Park, the beach, and a wide range of F&B options and shopping malls. K Suites, with its luxurious and highly coveted freehold properties, is expected to appeal to investors looking for a prime District 15 address.