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Dcondo Cove: a Phuket condo from 2.43M THB in central Kathu
At 2.43M THB for a one-bedroom unit, Dcondo Cove occupies a rare position in the Phuket new-build market: a freehold-eligible condominium at a price point that remains accessible to first-time buyers, young professionals, and investors working with modest initial capital. Located in Kathu, Phuket’s central inland district, the project offers a modern mid-rise lifestyle with resort-style amenities, a location that sits equidistant between the island’s main beaches and Phuket City, and a payment schedule that keeps the financial commitment manageable across its Q2 2027 construction period. For buyers who have been watching Phuket’s property market from the sidelines while prices climbed, Dcondo Cove represents a genuine entry point.
| Key fact | Detail |
|---|---|
| Location | Kathu, central Phuket |
| Format | 1-bedroom and 2-bedroom condominium units |
| Price | 2.43M THB (1BR) to 5.41M THB (2BR) |
| Ownership | Condominium, foreign freehold available within the 49% quota |
| Status | Off-plan, completion Q2 2027 |
| Payment plan | 30% on contract, 20% mid-construction, 50% on completion |
| Long-term rent, 1BR | 15,000-25,000 THB per month furnished |
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Location: Kathu
The area around Dcondo Cove retains a local, residential character, home to many of the Thai families and long-term expat residents who prefer a quieter setting to the resort zones but still want easy beach access when the mood strikes. The Kathu Golf Course, one of the island’s most established 18-hole layouts, runs through the valley just minutes from the project, and the hills behind it provide a natural green backdrop that gives Kathu its surprisingly verdant, un-touristy feel. The Central Festival mall and major hospital facilities are within a 10-15 minute drive.
For buyers planning to use the unit as a personal residence, Kathu makes a strong case as a day-to-day liveable neighbourhood, less transient than Patong, less expensive than Bang Tao, and genuinely more connected than the quieter southern zones. International schools including British International School Phuket and HeadStart are within the same 10-15 minute radius, which widens the appeal to families.
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Layouts and finishes
One-bedroom units starting at 2.43M THB are designed for efficient, functional living, open-plan layouts that maximise the usable area, integrated kitchen and living spaces, and balconies that extend the habitable zone outdoors. Two-bedroom units up to 5.41M THB offer meaningfully more space and are suited to couples, small families, or buyers who want a dedicated workspace. Both formats benefit from the project’s commitment to contemporary finishes: tile or engineered flooring, clean white kitchen units, and bathroom fixtures that punch above the price point.
The “Dcondo” branding, a developer series known across Thailand for delivering modern, no-frills-but-well-specified condominiums at accessible price points, carries a track record that reassures buyers about execution quality. The lowercase “d” and clean graphic identity signal a modern sensibility; the “Cove” suffix positions this particular project as a calm, sheltered variant within the wider series.
Investment case
The 30/20/50 payment schedule deserves particular attention. The final 50% payment falls due only at completion in Q2 2027, meaning buyers have over a year from contract to arrange their largest tranche, either through personal savings, offshore mortgage products, or refinancing of existing assets. This structure reduces the working capital required during the construction phase to just 50% of the purchase price, which is manageable for most first-time buyers. Long-term rental in Kathu for 1BR units typically runs between 15,000-25,000 THB per month in furnished condition; short-term rentals via platforms like Airbnb can outperform this in the peak season (November-April), though Kathu’s inland position means it trails beachfront zones in short-stay demand.
Pros and cons
Pros
- One of the lowest entry tickets for a freehold-eligible new condo on the island, from 2.43M THB
- Only 50% of the price falls due before completion, which keeps construction-phase cash low
- Central position: Central Festival, hospitals, BISP and HeadStart all within a 10-15 minute drive
- Everyday-liveable district rather than a resort strip, which supports year-round long-term tenants
- Established developer series with a delivery record across Thailand
Cons
- Inland location, no sea views and no direct beach walking access
- Short-term rental yields lower than comparable west-coast units
- Final payment of 50% at completion requires advance financial planning
- Kathu’s lower profile compared to Bang Tao or Rawai may limit premium resale upside
Frequently Asked Questions
Yes. Dcondo Cove is a registered condominium under the Thai Condominium Act, which permits foreign nationals to hold full freehold title to up to 49% of the total sellable area in any given building. Provided the foreign quota has not been exhausted, eligible buyers can own their unit outright, the strongest ownership structure available in Thailand for non-citizens. MORE Group can confirm current foreign quota availability on request.
The payment plan runs across three stages: 30% on contract signing, 20% at a mid-construction milestone, and a final 50% payment due on completion in Q2 2027. The deferred 50% structure is particularly buyer-friendly, as it keeps cash outlay low during the construction period and gives buyers time to arrange financing for the completion payment.
Kathu offers significantly lower entry prices than Bang Tao or Patong, with the trade-off being no direct beach proximity. For buyers focused on long-term rental income from expats, families, and professionals rather than short-stay tourists, Kathu often delivers more consistent occupancy. Capital appreciation potential exists but is more moderate than in the premium beach-front zones. It is best viewed as a stable, value-oriented market rather than a high-growth speculation play.
Furnished 1BR condos in Kathu typically rent for 15,000-25,000 THB per month on long-term contracts to expats, professionals, and families. Short-term rentals via platforms like Airbnb are possible but generate less consistent demand in an inland location. Gross annual rental yield for a 1BR purchased at 2.43M THB and rented at 18,000 THB per month works out to approximately 8.9%, a strong yield if occupancy is maintained.
Absolutely. Kathu's central position makes it one of the most practical everyday-living locations in Phuket, close to supermarkets, hospitals, international schools, golf courses, and restaurants, with easy access to all of the island's major beaches. For buyers who plan to live in Phuket full-time or part of the year, Dcondo Cove offers modern comfort and convenience at a price point that leaves capital free for other lifestyle spending.
Read Also:
- Complete Guide to Buying Property in Phuket
- Apple House, Affordable Phuket Property
- Blue Lagoon, Layan Condo Project
Who buys this from you later
The exit question for an entry-level inland condo is not whether the island keeps growing, it is who the next buyer is. At this ticket the pool is broad: first-time foreign buyers priced out of the west coast, Thai owner-occupiers who work in Phuket Town or Kathu, and investors who want a long-let asset rather than a holiday unit. That breadth is the strength of the price point.
The constraint is that resale here competes on price and condition rather than on view or address. Plan on presenting a furnished, tenanted unit with a documented rental history, and budget realistically for buyer-side transaction costs, commonly cited near 3-5% on a resale excluding the purchase price. Confirm the current rates before you model an exit.
What to verify before you reserve
The 49% foreign quota under the Condominium Act B.E. 2522 is measured by total floor area of the building, not by unit count, so a project can have plenty of unsold units and no foreign quota left. Ask for written confirmation of remaining foreign quota for the specific building phase and the specific unit you are reserving, dated within the last 30 days. If the quota is exhausted, the usual alternatives are registered leasehold or an existing foreign-quota resale unit; see our leasehold fees guide for what that changes in cost terms.
Because Dcondo Cove is off-plan with a Q2 2027 completion, three documents matter more than the brochure:
- The SPA payment schedule, with each of the 30/20/50 tranches tied to a verifiable construction milestone rather than a calendar date.
- The construction permit and EIA status for the phase you are buying into, not for the masterplan as a whole.
- Delay remedies, meaning what the contract actually gives you if handover slips past Q2 2027.
For the freehold route you will also need proof of inward foreign currency remittance, the FET form, for registration at the Land Department. Start that paperwork four to six weeks before transfer rather than in the final week, see proof of funds and FET.
Rental maths at this entry price
At 2.43M THB for a one-bedroom and a long-term rent of 15,000-25,000 THB per month, gross yield lands between roughly 7.4% and 12.3% before costs. That headline is not the number to plan on. Subtract common area maintenance, a furnishing budget in year one, agency or management fees, income tax on rent, and a vacancy allowance, and a realistic net for a self-managed unit in an inland district sits well below the gross.
Kathu’s tenant profile is the reason to look at long-term rather than nightly letting here: Thai professionals, teachers at the nearby international schools, and long-stay expats who want the island’s centre rather than a beach strip. That produces steadier occupancy than a resort corridor, with lower peaks. If your model depends on short-stay ADR, an inland address is the wrong place to start; compare against west-coast stock in the Phuket rental yield guide before committing.
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