25 May '14, 11am

Knight Frank sees sustained demand for dual-key homes - STProperty

Knight Frank sees sustained demand for dual-key homes - STProperty

There has been no let-up in developers' interest in the dual-key concept yet. In the first two months of this year, four newly launched projects - Riverbank @ Fernvale, Rivertree Residences, The Santori and Lakeville - have dual-key units - PHOTO: RIVERT WITH dual-key units in private residential projects still well sought-after by home buyers, they could potentially unlock value for both developers and buyers in the current tight market. According to global consultancy Knight Frank, demand for dual-key units is likely to be sustained from yield-seeking investors and families looking to house multi-generations under one roof. "In a price-quantum sensitive market, larger units in a development tend to sell at a slower pace. The dual-key concept is one strategy adopted by developers to move the sales of these larger units," said Alice Tan, director and head of consultancy an...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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