Residents carry one key.
A single key opens the street entrance, the lobby, their own floor if access is controlled, the bin store, and their own lot. Without a system that is four or five separate keys per resident.
Contractors get scoped access.
A cleaner's key opens common areas and the bin store and nothing else. A lift technician's key opens the plant room and nothing else. Scoped access is the single largest security benefit, because it means handing someone a key is no longer handing them the building.
Management holds an override.
The building manager or committee holds a master that opens common areas and plant, which is necessary for emergencies and inspections, without holding keys to individual lots.
Lot owners retain privacy.
Well designed strata systems deliberately exclude individual lot doors from the building master. Owners corporation access to common property does not and should not extend to inside private lots.