One of the biggest trends in the property market today are dual-key apartments, which are perfect for big families who want to live under one roof – but still give one another some personal space. They are also a great investment. Here are three reasons why:

1. Multi-generational living

multi-generation, families, 3 generation

Typically featuring a standalone studio adjoining a one, two, or three-bedroom apartment, dual-key homes offer families a way to live together in harmony without losing a sense of privacy. The studios also offer a personal bathroom and a pantry area or kitchenette.

Demand for such properties could go up as Singapore’s ‘silver’ population continues to increase. As of June 2016, 13.7 per cent of citizens are aged 65 and above – compared to 9.2 per cent 10 years ago.

What this means is more families will be looking for homes that allow them to check on their elderly family members with more ease. Compared to traditional flats, dual-key apartments have separate entrances that also let the elderly enjoy a sense of independence and personal autonomy. Families who are also looking to downsize from landed property would also find such apartments a pleasant alternative.

2. Versatility and higher rental yield

One of the perks of investing in a dual-key apartment is that you’ll be able to rent it out separately, allowing you to maximize rental returns. Because you could rent it out to two tenants with two incomes, you’ll also likely be able to get a higher combined rent as compared to renting out another non-dual-key apartment.

A higher rental yield will also make it easier for you to recover your bank loan, and if you decide to live in the larger unit, you can still rent out the smaller unit to help pay for the mortgage.

3. For a home office

home office, dual key apartment, work, home

Dual-key apartments are also great for people who need to work remotely, offering a separate, rent-free office space that’s right at home. Apart from saving on rent, you’ll also be able to save on your daily commute – as long as you don’t have meetings in the central business district area.

If you’re looking for a dual-key apartment, Highline Residences by Keppel Land, the newest condominium in the Tiong Bahru offers three- and four-bedroom dual-key apartments. Highline Residences is just minutes away from Tiong Bahru MRT station which makes your daily commute a breeze. 

 

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