In Singapore, there are few areas that offer a combination of lifestyle and convenience like the East Coast. For Que Neo, a Singaporean businessman and boutique property developer, developing residential projects where he wants to live is a key aspect of his strategy. His latest project, K Suites, is a 19-unit apartment block in the prime East Coast area of District 15, developed by his subsidiary, EG Properties.
Located along Lorong K Telok Kurau, K Suites is expected to obtain its temporary occupation permit (TOP) sometime in 1Q2025. The project is designed to offer a convenient location for its residents, with easy access to the beach, East Coast Park, malls, the CBD, and Changi Airport. Neo highlights the project’s strategic location, which takes just 10 minutes to reach the airport and downtown with the East Coast Parkway and Pan-Island Expressway.
An artist’s impression of K Suites showcases a sleek and contemporary facade, with a curtain wall system allowing natural light to flood the interior and offer unblocked views of the neighborhood. The project offers a range of units, including four penthouses with a 7m ceiling height. Three of these have already been sold, with only one remaining for sale.
One of the main attractions of K Suites is its proximity to public transport and popular schools. Located less than 50m from the nearest bus stop, residents can easily access the nearest MRT stations: Marine Parade on the Thomson-East Coast Line (TEL) and Eunos on the East-West Line (EWL). Eunos Station provides a convenient one-stop access to the Paya Lebar Interchange, which connects to the EWL and Circle Line, and five stops from the Bugis Interchange, connecting to the EWL and Downtown Line. Marine Parade Station is also linked to the Marina Bay Interchange, providing access to the TEL, North-South, and Circle Lines, and six stops from Shenton Way in the CBD. The TEL also offers direct trains to Orchard Road and Woodlands North, as well as connecting to the Rapid Transit System (RTS) Station, linking Singapore to Bukit Chagar Station in Johor Bahru.
Families with young children will also benefit from the project’s proximity to preschools and popular primary and secondary schools, such as PCF Sparkletots @ Joo Chiat, Tao Nan School, Haig Girls’ School, CHIJ (Katong) Primary, Dunman High School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.
K Suites boasts an efficient layout and quality materials, with units designed by JGP Architecture featuring regular layouts and ceiling heights ranging from 3.5m to 4.5m. The duplex penthouses offer a more spacious 7m ceiling height, making them popular with large families. The apartments also feature top-end German brand fittings, including Miele kitchen appliances, Duravit sanitaryware, and Grohe bathroom fittings. Residents can also enjoy a range of facilities, including a swimming pool, Jacuzzi, barbecue pit, lounge area, gym, outdoor fitness area, and playground. The project also offers a grand arrival and drop-off area, with a large surface carpark with 16 spaces and two electric vehicle charging stations.
Since its preview in September 2022, the first phase of 10 units at K Suites has been sold as of Feb 2025. Predominantly Singaporean buyers, including professionals such as doctors, lawyers, and corporate executives, have shown an interest in the project. The development offers a range of units, from three-bedroom apartments of 797 to 872 sq ft to four-bedroom apartments of 1,076 to 1,130 sq ft. The largest units are the five-bedroom penthouses, ranging from 1,625 to 1,679 sq ft, with three of the four already sold. The remaining unit is popular with large families, with one sold to a family with four children, each having their own bedroom. Most buyers are upgraders, seeking a freehold property with a prime District 15 address.
Before making the decision to invest in a condo, it is crucial to take into account the maintenance and management aspect of the property. In most cases, condos come with maintenance fees that are used to maintain the common areas and facilities. Although these fees may increase the cost of ownership, they also guarantee that the property is kept in good condition and maintains its value. It can be beneficial for investors to hire a property management company to handle the daily operations of their condos, allowing for a more passive investment. Additionally, it is worth considering New Condo Launches as potential investment opportunities.
According to Neo, K Suites is the most affordable new freehold project in District 15, making it attractive to both buyers and investors. With the upcoming TOP and positive market sentiment, developer Euro Properties is releasing the remaining units in the project. Three-bedroom apartments are now priced from $2.058 million ($2,582 psf), while four-bedroom units start from $2.525 million ($2,347 psf). The sole remaining five-bedroom penthouse is tagged at $3.5 million ($2,154 psf).
Huttons Data Analytics has found that boutique developments in District 15 have seen prices appreciate over 100% since their launch. For instance, the 127-unit Coralis has seen a 76.5% increase in monthly median rent over the past five years, making it an excellent investment for those seeking a low-density and tranquil living experience in the East Coast. With its desirable location and range of high-quality amenities, K Suites is set to be a sought-after residence and investment opportunity for those looking to enjoy the best of the East Coast lifestyle.