The condominium located extremely close to Patong beach in Phuket that meanders along Andaman sea and in vicinity of the metropolis of Phuket Town. All units coming with a deck that sold greatly as the most exclusive and special highlight of the condo. The rental yield falls in the region of 6-9%. The average selling price is Bt 150,000 per sq.m. and meticulously raised by Sansiri.
dCondo is the brand created by Sansiri when they took the plunge and ran a total of 5 condominium projects based in Phuket. Before getting know about Sansiri’s latest dCondo, the dCondo Campus Kuku, the other one called dCondo Mine will be delved into in this review unravelling the details needed for investment decision. dCondo Mine is presumed to become a substantially potential one with the lucid and substantiated evidence of being physically close by both Phuket Town and Patong Beach. Without any endeavour to make fame, there has already been a rush on this condo, many of whom choose to lodge there for long stays as they wish to live down by the beach within 15 minutes of walk.
Project Details (Updated on September 2014)
Project Name: dCondo Mine Phuket
Developer: Sansiri
Project Type: Two 8-storey building with a combined total of 436 residential units.
Project Area: 4-3-52.90 rais of land
Construction: Fully Constructed & Ready to Move in
Latest Average Price: Approximately Bt 50,000/sq.m.
Maintenance Fee: Bt 40/sq.m. a month
Sinking Fund: Bt 400/sq.m. (1 time payment)
Layouts and Sizes:
Studio sizes 29.39 – 38.30 sq.m.
2-bedroom with 2 en-suite bathrooms sizes 59.75 – 61.01 sq.m.
Facilities:
A 70-metre long pool (inspired by the water source in the old mine)
2-storey clubhouses between 2 residential buildings.
Fitness centre with a comprehensive list of exercise equipment
Double volume lobbies in both Building A and B
24/7 Security
Key card lock
2 passengers lift per building
Project Details
dCondo Mine is a ready-to-move condo sited on Phra Phuket Kaew rd in the area that is becoming the newest business district of Phuket in just a few years ahead. The theme design “Mine” was originally drawn from the facts that miner was the provincial occupation of Phuket most common in the old times.
Under Mine concept, the condo features the steam together with the pool depicting the setting by which primitive locals of Phuket once winnowed minerals from the grains as the early-staged method.
This condo is considered low rise with 8 storeys each building. The facilities including the swimming pool and fitness centre are all located on the centre of the project area and meticulously designed to the level of those featured by luxurious hotel as they are the face of the condo. While all units can be customized as desired, they might not look anything like the exteriors the moment they’re right off the shelf. But it is as good as fit for the price of 1 or a few million baht.
Double Volume lobby has a great height that makes itself feel more open and larger in size when it’s actually a room within a low-rise building.
Project Layout
Consisting of 2 buildings A and B, where A lies up on the front and B sits on the back. A has a shape of L with the north-facing units offering the best vantage point overlooking the pool and receiving the most airflows, while the east-oriented units in direct sunlight. For B building, both west and east sides face in direct sunlight as well, but while the east-sided units enable the pool view to see out of the window, the west face has the whole view blocked out by the building. Though the units on the west were offered for the lowest price among all which makes them a good choice to rent out and expect a desirable rental yield.
Room Layout
The layouts available consists of studio and 2 bedrooms in all. The studio is about 29 sq.m. in size but has a good spatial proportion in which every rooms are properly segmented and partitioned from one another without looking too cramped as a whole. It’s sometimes interchangeably understood as 1 bedroom.
All units fully furnished and available to move in. They can be custom-made with the buyer’s choice out of various colour selections ranging from pink, cyan, blue, grey, green to black. The rooms are ready to roll for both occupying and renting out with the help of Sansiri’s Rental-for-the-Holidays team, which will be taking care of finding the tenants and arranging the matters for the unit’s owner.
Location
Map
dCondo Mine has been in great request since it was established in the major district of Phuket that encircles both the province’s urban town and the most reputed beach. Besides, Duty Free mall is about to be open in only 200 metre distance of the condo. There will also be another new nearby shopping complex by the name of BLU Pearl that comprehends a supermarket, fair and exhibition, hotel and theme park of the world-acclaimed quality to enjoy at will.
The new condominium is located on a prime spot that people are going to want to buy and rent out later.
Summary
dCondo Mine Phuket is quite an interesting choice to put into investment, particular suiting those with limited budget on hand but wanting to make monthly rents around Bt 10,000 – 15,000 a month for studio (yielding 8 – 12% return annually) and 18,000 – 20,000 a month for 2-bedroom (in the region of 6 – 10% yield rate on a yearly basis).
This project review is originally written by Kanchana Paha, a full-time reviewer at DDproperty.com, the No.1 property listing portal in Thailand. For any questions, please email to kanchana@ddproperty.com.