The demand for Singapore condos remains high due to various factors, one of which is the limited availability of land. As a small island nation with a rapidly growing population, Singapore faces the challenge of meeting the housing needs of its people with limited land resources. This has resulted in strict land use policies and a fiercely competitive real estate market, where property prices are constantly on the rise. As a result, investing in real estate, particularly in condos, has become an attractive option for many, with the promise of potential capital appreciation.
Renowned Singaporean businessman and boutique property developer Que Neo, founder of Euro Properties, has a unique vision for his latest residential projects – to create developments that he himself would like to live in. His latest venture, K Suites, is being developed by Euro Properties’ subsidiary, EG Properties, and is located along Lorong K Telok Kurau in the prestigious District 15. The project is expected to receive its temporary occupation permit (TOP) in the first quarter of 2025.
K Suites boasts a prime location, offering easy access to the beach, East Coast Park, shopping malls, the central business district, and Changi Airport. According to Neo, the East Coast Parkway and Pan-Island Expressway make it possible to reach the airport in just 10 minutes and downtown in 10 minutes as well.
The development is also conveniently located near public transport and popular schools. The nearest bus stop is less than 50 meters away, with just 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 is only one stop away from the Paya Lebar Interchange (for the EWL and Circle Line) and five stops from the Bugis Interchange for the EWL and Downtown Line. Meanwhile, Marine Parade Station is just five stops away from the Marina Bay Interchange (for the TEL, North-South, and Circle Lines) and six stops from Shenton Way in the CBD. With the TEL providing direct train access to Orchard Road and Woodlands North, K Suites is also conveniently located near the Rapid Transit System (RTS) Station, connecting Singapore to the Bukit Chagar Station in Johor Bahru.
In addition, K Suites is located just a stone’s throw away from the highly sought-after PCF Sparkletots @ Joo Chiat preschool, making it an ideal location for families with young children. The development is also within 1km from popular primary schools such as Tao Nan School, Haig Girls’ School, and CHIJ (Katong) Primary, as well as prestigious secondary schools like Dunman High School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.
K Suites offers a total of 19 units, with only four penthouses featuring a 7m ceiling height. Three of these units have already been sold, leaving just one penthouse available on the market. Developed by JGP Architecture, the project boasts a sleek and contemporary facade with a curtain wall system that allows natural light to enter and provides unblocked views of the surrounding neighborhood. The regular layouts of the typical units, featuring 3.5m to 4.5m ceiling heights, ensure a spacious and efficient interior, with no wasted space due to bay windows or corridors. The development also features top-end German brand fittings, including Miele kitchen appliances, Duravit sanitaryware, and Grohe bathroom fittings.
Residents of K Suites can enjoy a range of facilities, such as a swimming pool, Jacuzzi, barbeque pit, lounge area, gym, outdoor fitness area, and playground. The development also boasts a grand arrival and drop-off area and a surface carpark with enough space 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, with the majority of buyers being Singaporeans, including professionals such as doctors, lawyers, and corporate executives, according to Neo. The development offers units in four configurations – three-bedroom units ranging from 797 to 872 sq ft and four-bedroom units ranging from 1,076 to 1,130 sq ft, as well as four five-bedroom penthouses ranging from 1,625 to 1,679 sq ft. The penthouses have proven to be popular with large families, with one family purchasing a unit for each of their four children.
K Suites has received positive market sentiment, and with its imminent TOP, developer Euro Properties has released the remaining units in the development. Prices for three-bedroom units now start 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 priced at $3.5 million ($2,154 psf).
K Suites is proving to be a popular choice for both homeowners and investors, with an affordable price point for a prime District 15 location. District 15 has traditionally been a popular choice for expatriate tenants, and with the lifestyle offerings in the area, including proximity to the beach, East Coast Park, and a wide array of F&B options and malls, K Suites is set to appeal to a wide range of potential investors. In a study of selected boutique developments in District 15, Huttons Data Analytics found that prices have appreciated over 100% since their launch, with the latest transaction being a 872 sq ft, three-bedroom unit on the fourth floor, which sold for $2.13 million ($2,443 psf) in November. Furthermore, over the past five years, from January 2020 to December 2024, monthly median rents at some boutique condos in Telok Kurau and Joo Chiat, including the 127-unit Coralis, have seen a 76.5% increase, according to Huttons Data Analytics.
With its prime location, efficient layout, and quality materials, K Suites is poised to attract a steady stream of buyers and investors looking for a comfortable and convenient lifestyle in the sought-after District 15 area.