Dual Key Condo
Dual Key Condo
Â are one of the hottest and most contemporary trends in the real estate market in Singapore especially among new condo launch
. The reason is quite simple â€“ they are effective, they are sufficient and most of all â€“ they offer potential. In any case, letâ€™s start simple. Dual key condos are basically two apartments with a common foyer. Thatâ€™s it â€“ you have separate bedrooms, separate baths and they share only a common foyer. As you can probably already be figuring out â€“ this presents a lot of advantages. Maybe there are some drawbacks as well, but the truth is that benefits blow them away and they do so conveniently. Letâ€™s take a quick look at why you have to consider a dual key condo.
- Living with other generations
Letâ€™s face it, from the prospective of the parent â€“ you donâ€™t really want your kid to go away from your life. However, from the prospective of your grown up kid â€“ you canâ€™t live with your parents, duh! Here comes your quick fix â€“ the dual key condo. You have two completely separate and private spaces with different keys which are just perfect for multi-generation living. Furthermore, there are spacious dual key condos that would even allow living of two different families under the same roof. You can keep the warmth and spark of the family burning while retaining privacy and independence at the same time.
- Invest in your own future
Say you want to buy an apartment
but you are too tight on cash and you really donâ€™t want to set aside a huge chunk of your income for mortgage. No worries â€“ the dual key condo is your solution. Purchase the property on a lease and rent out the other apartment. The rent is going to cover your mortgage and you have your own place at the same time. The solution is pretty neat.
- Break in the tenancy market
If you are looking to invest in the tenancy market you canâ€™t have a safer bet. Even if you intend to live in one of the condos and rent out the second â€“ itâ€™s still a safe bet. However, you can amplify your earnings by renting out both apartments. They are, after all, completely separate and only share a single foyer.
In any case, itâ€™s obvious that the dual condo comes packed with benefits. Of course, there are some potential drawbacks but they are so distant and unlikely to happen in the current market environment that itâ€™s not even worth mentioning them. For instance, even though it might be a risk to consider that you can easily rent out the second apartment, the truth is that the real estate property market is rather hot right now and there isnâ€™t a shortage of tenants. However, with all this being said, itâ€™s fair to conclude that dual key condos are one of the best solutions when it comes to investing in your own apartment. Make sure to use the services of our companies in order to find the best deal out there. Below are all the dual key condo available for your consideration.