The latest property type on the block has been gathering an increasing crowd of fans. Not surprisingly, since they offer the space and the privacy for larger, multi-generational families, giving them the option of having their family members close, but not too close for comfort.
The concept began with the Housing Development Board and their “Granny flats” in 1986 and the first private properties to pick up on that were the Caspian and [email protected]. And now, new properties actively set aside a number of units as dual key apartments.
Some of the latest market offerings to include these units include Seventy Saint Patrick’s, Northpark Residences, [email protected] and Botanique @ Bartley. Older properties with these options include Coco Palms, and The Santorini at Tampines. At the latter, there are 144 dual key units. Most of the dual key units include a two- or three-room unit attached to a studio apartment, with two separate entrances.
In addition to providing privacy, these units also provide a cheaper alternative to buyers who are running an office out of their home. It gives them a separate entrance to their business and a physical separation from their living quarters while saving on transport costs and time.
Plus, it is easier to rent out these smaller units. For longterm investment considerations, these units could also be sold as it is or as a normal unit with the separating structures reconfigured.