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Business
 

Developers still keen on dual-key units despite cooling interest

Published on May 19, 2014 8:19 PM
 

Developers are still building "dual-key" units in private condominiums even though an initial surge in the allure of such homes has largely petered out, property consultancy Knight Frank said in a report on Monday.

It said, however, that demand from investors and muti-generational families is likely to be robust if developers can price them affordably.

These units, which have two separate entrances for privacy, typically appeal to investors who want to rent out part of their home and to young couples who want to live with their parents.

However, their relatively large sizes have recently made dual-key units harder to sell, as home loan limits imposed last June put a cap on how much home buyers can afford.

 
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