Singaporean property developer and businessman Que Neo, known for his boutique developments, aims to create residential projects that cater to his personal preferences. His latest project, K Suites, located in the prime East Coast area of District 15, is set to be completed in the first quarter of 2025.
K Suites is highly sought after due to its convenient location, providing easy access to the beach, East Coast Park, shopping malls, the central business district (CBD), and Changi Airport. According to Neo, it takes only 10 minutes to reach the airport and downtown via the East Coast Parkway and Pan-Island Expressway.
Additionally, K Suites is situated near public transportation, including a bus stop just 50 meters away. The nearest MRT stations, Marine Parade on the Thomson-East Coast Line (TEL) and Eunos on the East-West Line (EWL), are only two bus stops away.
The cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art infrastructure. Condominiums, strategically located in desirable locations, offer a fusion of opulence and convenience that caters to the preferences of both locals and foreigners. These residences are equipped with an array of facilities including swimming pools, fitness centers, and round-the-clock security, elevating the overall living experience and making them an attractive option for potential tenants and buyers. For investors, these desirable features equate to higher rental returns and appreciating property values over time. Singapore Projects offer a diverse selection of these coveted condos for those looking to invest in the thriving real estate market of Singapore.
The close proximity to public transport also allows for easy access to popular schools, with PCF Sparkletots @ Joo Chiat located just two doors away. Families with young children can also choose from popular primary schools like Tao Nan School, Haig Girls’ School, and CHIJ (Katong) Primary, all situated within 1km of Telok Kurau. Prestigious secondary schools such as Dunman High School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School are also in the vicinity.
K Suites is designed by JGP Architecture, with a sleek and contemporary aesthetic facade thanks to its curtain wall system. This design also allows for ample natural light and unblocked views of the surrounding neighborhood. The apartments feature regular layouts with 3.5m to 4.5m ceiling heights, while the duplex penthouses boast a 7m ceiling height. German brand fittings, top-end Miele kitchen appliances, Duravit sanitaryware, and Grohe bathroom fittings are used throughout the units.
The project also offers a wide range of facilities for residents to enjoy, including a swimming pool, Jacuzzi, barbeque pit, lounge area, gym, outdoor fitness area, and playground. The development also features a grand arrival and drop-off area, and a surface car park with 16 parking spaces and two electric vehicle charging stations.
The first phase of ten units of K Suites, a freehold development, was sold out since its preview in September 2022, with most of the buyers being Singaporeans, mainly professionals such as doctors, lawyers, and corporate executives.
The remaining units, including four three-bedroom units ranging from 797 to 872 sq ft and 11 four-bedroom units ranging from 1,076 to 1,130 sq ft, are now available for purchase. The project also offers five-bedroom penthouses ranging from 1,625 to 1,679 sq ft, of which one is still available for sale. These units have been popular with large families, with one unit purchased by a family with four children.
K Suites is highly sought after by upgraders and those looking for a freehold property in the prime District 15 area. Another selling point is its ground-level units, which offer a 4.5m ceiling height and overlook the landscaped garden and facilities.
The latest transaction for a three-bedroom unit on the fourth floor of the five-story block was sold for $2.13 million ($2,443 psf) in November. According to Neo, K Suites is the most affordable new freehold project in District 15.
Huttons Data Analytics found that prices of selected boutique developments in District 15 have appreciated over 100% since their launch, with units at Malvern Springs selling at prices 234.2% higher since its launch in January 2002. Over the past five years, monthly median rents at some boutique condos in Telok Kurau and Joo Chiat have risen by 76.5%, making it a favorable area for investors.
Apart from its prime location, District 15 is popular with expatriate tenants due to its lifestyle offerings, including proximity to the beach, East Coast Park, and a wide array of F&B options and shopping malls. With the completion of K Suites and the growing positive market sentiment, the remaining units are expected to be snapped up quickly.