Que Neo, a Singaporean businessman and boutique property developer, has a vision to create residential projects that he would personally want to live in. His latest project, K Suites, developed by subsidiary EG Properties, is a 19-unit apartment block along Lorong K Telok Kurau in the desirable East Coast area of District 15. The development is expected to receive its temporary occupation permit (TOP) in the first quarter of 2025.
Ultimately, choosing to invest in a Singapore condo can be advantageous in several ways. The demand for these properties is consistently high, making them a sought-after investment option. Additionally, there is a strong potential for capital appreciation, which can significantly increase the value of the property over time. Moreover, with attractive rental yields, owning a condo in Singapore can also generate a steady stream of income.
However, before making any investment decisions, it is crucial to carefully consider various factors. Location plays a significant role in the success of a condo investment, as properties in prime areas tend to have higher demand and better returns. Additionally, financing options, government regulations, and market conditions should be thoroughly researched and evaluated. Seeking professional advice can also provide valuable insights and help investors make informed decisions.
With its dynamic real estate market, Singapore offers a compelling opportunity for both local and foreign investors. Whether you are looking to diversify your portfolio or seeking a stable and profitable investment, condos in Singapore present a lucrative option. By carefully assessing all factors and staying updated on market trends, investors can maximize their returns and benefit from this promising market.
K Suites boasts a prime location, offering easy access to the beach, East Coast Park, shopping malls, the central business district, and Changi Airport. Neo highlights the convenience of the project’s proximity to major expressways, with just a 10-minute drive to the airport and the city center.
The development is also well-connected to public transport, with a bus stop less than 50 meters away. From there, it’s only a short trip to the nearest MRT stations, Eunos and Marine Parade, providing quick access to other parts of Singapore.
Families with young children will appreciate the project’s location near popular schools, such as PCF Sparkletots @ Joo Chiat and primary schools Tao Nan School, Haig Girls’ School, and CHIJ (Katong) Primary. There are also prestigious secondary schools in the vicinity, including Dunman High School, Tanjong Katong Secondary School, and Tanjong Katong Girls’ School.
Designed by JGP Architecture, K Suites features a modern curtain wall system, providing a sleek and contemporary facade. The floor plans are efficient and well-designed, with regular layouts and ceiling heights of 3.5m to 4.5m. The three penthouses offer even higher ceilings at 7m, and only one is still available for sale.
The apartments are outfitted with top-of-the-line German brand fittings, including Miele kitchen appliances, Duravit sanitaryware, and Grohe bathroom fittings. Residents can enjoy a range of facilities, including a swimming pool, Jacuzzi, barbecue pit, lounge area, gym, outdoor fitness area, and playground.
K Suites also offers a grand arrival and drop-off area and a carpark with 16 spaces and two electric vehicle charging stations.
Since its preview in September 2022, K Suites has already sold 10 out of its 19 units. The project is popular among Singaporean professionals, such as doctors, lawyers, and corporate executives, who appreciate the freehold property’s prime address in District 15.
The project consists of three-bedroom units ranging from 797 to 872 sq ft and four-bedroom units ranging from 1,076 to 1,130 sq ft. The penthouses, with five bedrooms and up to 1,679 sq ft of space, are especially attractive to large families. The remaining units are priced from $2,058 million for a three-bedroom apartment to $3.5 million for the sole remaining five-bedroom penthouse.
K Suites is being released in conjunction with the rising price and rental demand in District 15. Boutique developments, such as Malvern Springs, have seen a price appreciation of 234.2% since their launch in 2002. In the past five years, the monthly median rent for boutique condos in Telok Kurau and Joo Chiat has risen by 76.5%, making K Suites an attractive investment opportunity.