The ceremony preceded the major construction phase of the development, which is now underway to create 365 innovatively designed condominiums featuring one-two bedrooms with complete living spaces to include gourmet diner kitchens, luxurious bathroom suites and spacious private terraces overlooking 2,000sqm of resort tropical landscaping and an aquatic zone.
Providing a unique opportunity for freehold ownership along the Andaman coast, Diamond Condominium will feature stunning common-area pools linking together to provide space between the buildings, which will be connected my walkways complete with modern-style sala, landscape features and greenery.
The highly experienced development team behind the project, includes CEO Pritpal Gill Singh; Jo D’Hondt, Managing Director & Partner; Huw Butler, Design & Building Contractor; and Phirchawees Boonyassatiean.
The project offers a range of unit options, from one-bedroom units in a variety of designs, ranging from 33.8sqm to 44sqm or more, and two-bedroom units at just over 50sqm, or three options offering about 80sqm of interior space, and one option ranging to over 100sqm.
Common area and rental management services will be provided by the globally recognized firm Jones Lang LaSalle.
Yet, the standout attraction for experienced buyers in Phuket’s property market is the “EIA Approved” emblazoned on billboards promoting the project across the island.
“What some buyers don’t realize or aren’t advised is that condominium development, selling and registration in Thailand is a highly regulated affair,” explains Mr D’Hondt.
“Some buyers think of condominium as a generic term for an apartment and don’t bother to examine the legal guidelines and procedures, or they believe everything will get built exactly as the developer has told them,” he cautioned.
Key elements buyers should look for, particularly when looking to buy a condo off-plan, are that the land has a Chanote title deed, that the Environmental Impact Assessment (EIA) has been approved and that the building permits, which can only be obtained once the EIA is approved, have been issued, Mr D’Hondt explained.
“The EIA approval process can take between six and nine months, and construction and sales should not start without it,” he said.
“The risks to buyers in considering buying without the EIA range from a potential delay in the the construction start date – and therefore the completion date – whilst waiting for the EIA to be approved to the project not being registered if the EIA for some reason is not approved.
“At Diamond Condominium, our land has Chanote title, we have our EIA approval and we have building permits. We started construction in January this year and expect the whole project to be completed by July 2017.”
Another key aspect for the project is the target market, he added.
“Lifestyle and investment buyers who appreciate a rare combination of high quality and value for money in one of Phuket’s best beachside communities,” said Mr D’Hondt.
“Diamond Condominium is in a low-rise, up-market area affording a peaceful and wonderfully convenient lifestyle on Phuket’s prized northwest coast. We are surrounded by million-dollar-plus homes and yet are within walking distance to one of Phuket’s best beaches, countless restaurants and shops and a host of activities and amenities.
“Its close proximity to five-star resorts and accommodation and being genuine 20 minutes to and from Phuket International Airport also puts Diamond Condominium in the perfect position to take advantage of Phuket’s ever-growing tourism sector.
“We want to build something that people want to buy; something that has good quality, is great value and in a prime location for a correct and affordable price,” he added.
For more information, call 095-0796565 (English) 086-1023463 (French/Dutch); email sales@diamondcondominium.com or visit DiamondCondominium.com.