Euro Properties, the boutique property developer owned by Singaporean businessman Que Neo, has set his sights on developing residential projects that cater to his own preferences. In his latest venture, he has developed K Suites, a 19-unit apartment block situated along Lorong K Telok Kurau in the in-demand area of District 15. The project, developed by subsidiary EG Properties, is slated to be completed in the first quarter of 2025.
K Suites boasts a prime location, offering convenient access to popular destinations such as the beach, East Coast Park, shopping malls, the CBD, and Changi Airport. Neo emphasizes that it takes only about 10 minutes to reach both the airport and the downtown area via East Coast Parkway and Pan-Island Expressway.
When making the decision to invest in a condo, it is crucial to also consider the maintenance and management of the property. Along with the purchase of a condo comes the responsibility of paying maintenance fees, which cover the costs of upkeep for common areas and facilities. Although these fees may increase the overall cost of ownership, they also ensure that the property is well-maintained and maintains its value. An effective solution for minimizing the burden of managing a condo is hiring a property management company, which can handle the day-to-day tasks and make it a more passive investment. Additionally, for information on new condo launches, visit New Condo Launches.
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A major advantage of investing in condos is the potential to leverage its value for future investments. Numerous investors take advantage of their condominiums as collateral in order to secure additional funding for new ventures, ultimately growing their real estate portfolio. This approach has the potential to significantly increase returns, but it’s important to note that it also carries certain risks. As such, it’s essential to have a well thought-out financial plan and carefully consider how market fluctuations may impact these investments. To fully take advantage of this strategy, it’s advisable to keep an eye out for new condo launches that present promising opportunities for growth.
Aside from its proximity to various amenities, K Suites also boasts easy access to public transportation, with a bus stop just 50 meters away. From there, it is only two stops to the nearest MRT stations: Marine Parade on the Thomson-East Coast Line and Eunos on the East-West Line. Eunos station is also just one stop away from the Paya Lebar Interchange, providing convenience for commuters. Additionally, popular schools such as Tao Nan School, Haig Girls’ School, and CHIJ (Katong) Primary are located within 1km of the Telok Kurau area, making it an ideal location for families with young children.
K Suites, designed by JGP Architecture, boasts a sleek and modern facade thanks to its curtain wall system. The use of glass also allows for ample natural light and unobstructed views of the surrounding neighborhood. The apartments themselves feature efficient layouts with regular ceiling heights of 3.5m to 4.5m, while the duplex penthouses boast a generous 7m ceiling height. The apartments also feature top-quality fittings from renowned brands such as Miele, Duravit, and Grohe.
Residents of K Suites can also enjoy various facilities, including a swimming pool, Jacuzzi, barbeque pit, lounge area, gym, outdoor fitness area, and playground. The project’s location also allows for a grand arrival and drop-off area and a surface car park that can accommodate 16 cars, two of which are electric vehicle charging stations.
Since its preview in September 2022, K Suites’ first phase of 10 units has been sold out, with a majority of buyers being Singaporean professionals such as doctors, lawyers, and corporate executives. The development 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 largest units, five-bedroom penthouses of 1,625 to 1,679 sq ft, have proven popular with large families, with one unit purchased by a family with four children.
Neo notes that most buyers are upgraders looking for a freehold property in the desirable District 15 area, with some downsizing from houses to apartments. The ground-level units, which feature ceiling heights of 4.5m and overlook the landscaped garden and facilities, are particularly popular with buyers.
With its TOP imminent and the positive market sentiment, developer Euro Properties plans to release the remaining units in the development. Prices for the three-bedroom units start at $2.058 million, while four-bedroom units start at $2.525 million, and the sole five-bedroom penthouse is priced at $3.5 million.
In a study conducted by Huttons Data Analytics, selected boutique developments in District 15 have seen significant price appreciation since their launch, with some seeing an increase of over 100%. Additionally, over the past five years, monthly median rents in the area have risen by 76.5%, making it an attractive area for both residents and investors. With its prime location and desirable features, K Suites is set to be the most affordable new freehold project in District 15, catering to the preferences of both buyers and tenants.