In the context of condominiums in Singapore, a "Dual Key" unit refers to a unique layout designed to function as **two separate living spaces within a single condo unit**. Here's a breakdown of the concept:
**Concept of Dual Key:**
* **Two Self-Contained Apartments:** A dual-key unit essentially combines two self-contained apartments under one roof. It typically features a shared main entrance, but the individual units have their own entrances and can be locked off from each other.
* **Appeals to Diverse Needs:** This design caters to various needs, such as:
* Multi-generational living: Accommodating elderly parents or adult children within the same unit while maintaining privacy.
* Investment opportunity: One unit can be rented out for income generation, while the other unit is used by the owner.
**Typical Layout of a Dual Key Unit:**
* **Larger Unit + Smaller Unit:** Dual-key units often consist of a larger unit (e.g., 2-bedroom) and a smaller unit (e.g., studio). The larger unit might have a full kitchen and living area, while the smaller unit might have a kitchenette and more compact living space.
* **Shared Foyer:** There's usually a shared entrance foyer leading to the entrances of the two individual units.
**Benefits of a Dual Key Condo:**
* **Flexibility and Privacy:** Offers flexibility for living arrangements while maintaining privacy between units.
* **Potential Rental Income:** The smaller unit can be rented out, generating additional income for the owner.
* **Cost-Effectiveness (Sometimes):** Dual-key units can sometimes be slightly more affordable per square foot compared to purchasing two separate units. However, they might still have a higher overall price tag due to their larger size.
**Things to Consider with Dual Key Condos:**
* **ABSD Exemption:** Dual-key units are considered a single property for stamp duty purposes. This can be an advantage as it exempts you from Additional Buyer's Stamp Duty (ABSD) that might apply when purchasing a second property.
* **Management and Upkeep:** Owning a dual-key unit might involve additional management considerations if you plan to rent out the smaller unit.
* **Resale Potential:** While some buyers appreciate the flexibility of dual-key units, the market for them might be slightly smaller compared to regular condo units.
**In your example, "2-bedrm dual key"** represents a dual-key unit with a larger unit that likely has two bedrooms. The smaller unit's configuration (studio, 1-bedroom) would depend on the specific development.
My Answer with regards to your Question:
Allow me Assist Further
Read More
