Property
Why Are Dual-Key Condo Units Struggling To Sell In 2025?
By Stacked Homes  •  March 4, 2025
Trends tend to come and go in the Singapore property market; and one of these is the dual-key unit. First introduced in Caspian in 2009, these units drew interested buyers for close to a decade, before the trend seemed to die down. But as of the past two years (2024/25), we’ve seen developers bring back dual-key units into new launches – even though the response has sometimes been lukewarm: Looking at the take-up rates for new launch projects: To check the demand for dual-key units, we looked at the take-up rates for some recent new launches. Here’s what we found: Grand Dunman Grand Dunman is a leasehold mega-development (1,008 units) along Dunman Road, in District 15. You can see our full review of Grand Dunman here.
Grand Dunman Total Units Take-Up 2023-Q3 2023-Q4 2024-Q1 2024-Q2 2024-Q3 2024-Q4 2025-Q1
1 Bedroom 92 96.7% 86 3
1 Bedroom + Study 112 42.9% 37 5 1 1 1 2 1
2 Bedroom 119 91.6% 98 5 2 2 1 1
2 Bedroom + Study 137 97.8% 114 7 5 3 4 1
2 Bedroom Dual Key 34 91.2% 22 1 3 1 2 2
3 Bedroom 126 96.8% 112 5 3 2
3 Bedroom (Grand) 32 12.5% 1 1 1 1
 ...
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By Stacked Homes
The Stacked Homes editorial began in February 2017 to provide the latest news and analysis on property in Singapore.
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