Singaporean entrepreneur and boutique property developer Que Neo, the man behind Euro Properties, is looking to create luxurious residential projects in his ideal living location. His latest venture, K Suites, is set to be completed by subsidiary EG Properties and is a 19-unit apartment block located along Lorong K Telok Kurau in the highly sought-after East Coast area of District 15. The project is expected to receive its temporary occupation permit (TOP) in 1Q2025.
K Suites boasts a prime location with easy access to popular destinations such as the beach, East Coast Park, shopping centers, the Central Business District (CBD), and Changi Airport. Neo explains, “With the East Coast Parkway and Pan-Island Expressway, it takes just 10 minutes to reach the airport and downtown.”
One of the main selling points of K Suites is its proximity to public transportation and renowned schools in the area. The nearest bus stop is less than 50 meters away, and from there, the Marine Parade station on the Thomson-East Coast Line (TEL) and Eunos station on the East-West Line (EWL) can be reached in just two stops. The Eunos station is only one stop away from the Paya Lebar Interchange (serving the EWL and Circle Line) and five stops from Bugis Interchange (serving the EWL and Downtown Line). The Marine Parade station is five stops from the Marina Bay Interchange (serving the TEL, North-South, and Circle Lines) and six stops from Shenton Way in the CBD. The TEL offers direct train access to Orchard Road and Woodlands North, which also serves as the Rapid Transit System (RTS) Station connecting Singapore to the Bukit Chagar Station in Johor Bahru.
K Suites is conveniently located just two doors away from the popular preschool, PCF Sparkletots @ Joo Chiat, making it ideal for families with young children. Within a 1km radius of Telok Kurau are highly sought-after primary schools, such as Tao Nan School, Haig Girls’ School, and CHIJ (Katong) Primary. Prestigious secondary schools, including Dunman High School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School, are also in close proximity.
The apartments at K Suites are designed by JGP Architecture and feature a sleek and contemporary aesthetic with its curtain wall system. The glass exterior allows natural light to flood in and offers unobstructed views of the surrounding neighborhood. The apartments have well-designed layouts with ceiling heights ranging from 3.5m to 4.5m, while the duplex penthouses boast a generous ceiling height of 7m. Neo highlights, “The apartments have no bay windows or wasted corridors, resulting in more spacious and efficient interiors.”
The apartments are fitted with top-of-the-line German brand appliances, including Miele kitchen appliances, Duravit sanitaryware, and Grohe bathroom fittings. Residents can enjoy various facilities, such as a swimming pool, Jacuzzi, BBQ pit, lounge area, gym, outdoor fitness area, and playground. The project also features a grand arrival and drop-off area, and the surface car park has facilities for 16 cars and two electric vehicle charging stations.
Since its preview in September 2022, the first phase of 10 units has been sold as of February 2025. The buyers comprise mostly of Singaporeans, including professionals such as doctors, lawyers, and corporate executives, according to Neo. K Suites offers a range of units, including four three-bedroom units (797 to 872 sq ft) and 11 four-bedroom units (1,076 to 1,130 sq ft). The three five-bedroom penthouses (1,625 to 1,679 sq ft) are family-friendly, and one is already sold to a family with four children.
Neo shares that most buyers are upgraders looking for a freehold property in District 15. Some buyers are downsizing from a house to an apartment and prefer ground-level units with a ceiling height of 4.5m, which overlooks the landscaped garden and facilities.
Investing in a condo has numerous advantages, one being the opportunity to use the property’s value to secure additional investments. This means that investors can use their condos as collateral to obtain financing for new investments, allowing them to grow their real estate portfolio. While this strategy can potentially increase returns, it also carries risks. Therefore, it is essential for investors to have a solid financial plan in place and carefully consider the potential impact of market fluctuations on condo values.
According to Neo, “K Suites is the most affordable new freehold project in District 15.” With the imminent TOP and positive market sentiment, developer Euro Properties is releasing the remaining units in the development. Three-bedroom units at K Suites are now priced from $2.058 million ($2,582 psf), while four-bedroom units are starting at $2.525 million ($2,347 psf). The only available five-bedroom penthouse is tagged at $3.5 million ($2,154 psf).
Data from Huttons Data Analytics reveals that boutique developments in District 15 have seen a significant price appreciation of over 100% since their launch. Some examples include Malvern Springs, which has seen a 234.2% increase in prices since its launch in January 2002. In the past five years (January 2020 to December 2024), monthly median rents in boutique condos in Telok Kurau and Joo Chiat, such as the 127-unit Coralis, have risen by 76.5%.
District 15 has always been a popular choice for expatriate tenants due to its lifestyle offerings, including its proximity to the East Coast Park, the beach, and a wide variety of dining and shopping options. K Suites is also expected to attract investors looking for a well-located and exclusive property.