Utopia Maikhao

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Mai Khao, Thalang, Phuket

6% GUARANTEED RETURN FOR 5 YEARS
Dec 2020 Off Plan
92 Units

Utopia Maikhao in Mai Khao, Phuket

Utopia Maikhao is a house and villa project located in Mai Khao, Phuket and it is scheduled for completion in Dec 2020. It has 92 units and was developed by UTOPIA CORPORATION CO LTD, who is also behind Utopia Dream Villa, Utopia Dream Condo and Utopia Yamu.

About Utopia Maikhao

This is Utopia’s pride of place, our city of the future. Designed with 5-star luxury, security and on-site convenience in mind, the Maikhao Villa complex will be a beacon of super-modern, high-end living when it is completed in December 2019 ( 1st Phase ). A prime property in Phuket, within easy driving distance from the airport, the beach, and several popular tourist attractions, including one of Phuket’s most prestigious country clubs. A great opportunity for investors in Phuket who value convenience, proximity to shopping malls and outdoor leisure.

Utopia Maikhao comprises 92 luxury villas, developed in 3 clusters over 23 rai of prime land in the northern part of Phuket. The units range between 220 sqm and 148 sqm, with mountain and sea views. There are 44 town houses which are 155 sqm, 18 private pool villas which are 148 sqm of floorspace and 30 exquisite Sea View and Mountain View, 3-bedroom villas, sprawling over 220 sqm of luxury space, with sweeping, floor-to-ceiling windows.

The units are clustered together in 3 living zones, complemented by a kids’ club, water park and pool bar. Residents will also enjoy large communal areas with landscaped gardens, entertainment facilities, a large swimming pool, and gym with its own separate pool. In keeping with the top-end lifestyle offered, a fitness and spa clinic and physiotherapy center will include a Bangkok International Hospital or Phuket International Hospital branch and offer spa, beauty, hair and nail care. Additionally, residents will have access to a Thai and Western restaurant as well as a 24-hour supermarket for fresh produce and daily necessities.
A motor vehicle rental center will be available for 24-hour taxi service, point-to-point transportation, and car and motorcycle rental services. A self-help booking center will add to the convenience, offering services for residents to book chartered island tours, catamaran fishing charters, general and special performance ticket reservations, and Phuket restaurant reservation. There will be ample private and public parking space in the complex, with a 24-hour lobby offering guest services and security, including a 24-hour security personnel patrol and 24 hours CCTV monitoring.

The Utopia property developments are unique in that they all form part of a condominium hotel chain in Phuket. Once developed and sold, Utopia continues to service and maintain the property as a 5-star hotel, so investors don’t have the headaches and expenses that usually come with property maintenance. They can also enjoy the benefits of 24-hour security, 24-hour reception, room services and transport that would be expected of any world-class hotel.

 

Prices by Room Types

Facilities

Fitness
Communal Gym
Leisure
Bar
Safety
24H Security
CCTV (Video Surveillance)
Convenience
Car Parking

Management

Project ManagementSinking Fund
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At Utopia Maikhao the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
฿500/SqM
Project ManagementCommon Area Management Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿50/SqM

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
Down Payment
Upon reservation agreement signing
20%
1st Installment
Upon contract signing
30%
2nd Installment
100% construction completion
30%
3rd Installment
On handover
20%

Master Plan

Project Progress

Utopia Maikhao 35%
Expected completion date: December 2020

About the Developer - UTOPIA CORPORATION CO LTD

All UTOPIA CORPORATION CO LTD Projects
10 Projects 1,946 Units

Utilising their extensive experience and knowledge on Australian design and construction, injected a sum close to 2 billion Thai Baht into the development of the properties. IPA Corp formed the Utopia Development business unit, and currently having 6 progressing projects in Phuket island.

A significant and unique benefit for our investors of Utopia Development projects, Utopia Development has sole ownership of all the land planned to be developed, and with the capital provided by IPA Corp rather than from the Thai banks, this provides the client with peace of mind of the capital ownership of the whole project entity.

In February 2016, Utopia Development, together with the island’s largest builder, Hatyai Nanthakorn (HYN), developed and completed the first project, Utopia Kata (UTK) at Kata Beach consisting of 20 serviced apartments.

Utopia Naiharn Villa and Condo (UTN) was launched in April 2016 with one of Phuket’s longstanding family construction companies, House and Home – House Care services (H&H) engaged to develop and construct the project consisting of 110 Hotel Condominiums and 9 Villas. This project was recently completed in September 2018.

In February 2017, Utopia Development again with H&H launched the third project – Utopia Loft (UTL) at Naiharn Beach, comprising of 236 luxury loft styled Hotel condominiums to complete the Utopia Naiharn Resort project. The completion of UTL is anticipated in October 2019.

The success of the UTK and UTN projects, In April 2017, Utopia Development partnered with H&H to form Utopia Construction Group. The fourth project was then released – Utopia Central (UTC) to cater for the entry level buyers. This hotel condominium consists of 405 units and is located in the Central Festival of Phuket shopping mall, Phuket town centre, hospitals and schools. With construction commenced, the estimated completion date for this project is currently at February 2020.

Due to high demands and rapid success, in July 2017, Utopia Construction Group launched Utopia Development’s fifth project, Utopia Karon (UBR) at Karon Beach, a joint venture project with BQ Overseas. This project offers stunning views of Phuket’s beautiful Andaman Sea, and consists of 238 units having both Freehold and Leasehold ownerships available to our investors and buyers.

BQ Overseas entered into another joint venture development in April 2018, Utopia Maikhao (UBM), with Utopia Construction Group overseeing the Development and Construction works. Construction has commenced for this 92 Luxury Villas in the northern seaside of Phuket, with an anticipated completion in February 2021.

Frequently asked questions

The common area maintenance fee is ฿50 per square meter based on the size of the indoor area of the property. This fee has to be paid every month by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At Utopia Maikhao the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Utopia Maikhao offers a guaranteed rental return of 6% (based on the purchase price of the property) for a duration of 5 Years.
Read more here.
Splash Jungle Water Park is the closest Tourist Attraction from Utopia Maikhao and it is 8.21 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

In Thailand non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years and most developers will offer 3 terms for a total of 90 years.

 

Read more here

A 30 year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years.  

Prior to purchasing a leasehold property it is important to secure a copy of the lease agreement or get further clarity on these three points.

#1 - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual. 

#2 - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

#3 - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

 

Read more here

What is the process of a property purchase in Thailand?

 

After you have found the right property you have to follow these steps:

  • Unit selection and agreement of terms and conditions 

  • Reservation Agreement

  • Reservation Deposit 

  • Sales and Purchase Agreement

  • 1st Contract Payment 

  • Payment Instalments

  • Snag List

  • Transfer

  •  

    Read more here

     

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    Phuket

    Mai Khao

    Neighborhood Overview

    Location and Neighborhood

    Street View


    Surrounding area

    Utopia Maikhao is located 1710 from 7-Eleven PTT Gas Station, Mai Khao (7-11 @ PTT Gas Station.Mai-Khao) and it can be reached within 2 mins by car.

    There are many other shops situated in the area of Utopia Maikhao, the 3 closest being:
    - 7-Eleven is 3.9 km away (an approx. drive of 2 mins.)
    - Jie Daeng Shop is 4.6 km away (an approx. drive of 5 mins.)
    - New Town Shop is 10.4 km away (an approx. drive of 6 mins.)

    The surrounding area, where Utopia Maikhao is situated, offers a wide variety of restaurants. See the closest of them below:
    - Jahid KhaoMokKhai is 340 m away (a walk of about 5 mins.)
    - Supaporn Shop is 460 m away (a walk of about 6 mins.)
    - Wassana Shop is 590 m away (a walk of about 8 mins.)

    Thalang is the nearest health facility, which is 4.6 km away (you can drive there in 7 mins.) from the project, while the closest schools in the proximity of Utopia Maikhao are:
    - Ban Mark Prok School is 350 m away (about 5 mins. by foot)
    - Ban Mak Phraek School is 450 m away (about 6 mins. by foot)
    - Child Development Center Mai Khao Subdistrict Administration Organization is 5.9 km away (an approx. drive of 6 mins.)

    Phuket International Airport is located 6.3 km from Utopia Maikhao and it takes about 9 mins. by car or taxi (depending on the traffic) to get there.