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Utopia Yamu is a luxury townhouse project outstandingly designed in unique Moroccan style decor. It is the residence allowing you to experience nature and receive up to 6% guaranteed rental return. The project provides an extensive range of facilities and is kid-friendly. It is located at Yamu Cape, the tranquil paradise where many tourist attractions are surrounded, such as Yamu Beach (3 minutes driving), Royal Yacht Club, and Mission Hills Golf Course. Moreover, it is close to many international schools, including British International School BISP and UWC World Union College, which takes only 10-15 minutes.
Utopia Yamu is located at Pa Klok, Thalang, Phuket. It is a townhouse project developed by Utopia Corporation, consisting of 81 residential units in the area of 8 rai. The project offers 2-3 bedrooms, and it is currently under construction expected to be completed in 2021.
- The owners will receive up to 6% guaranteed rental return for the first 2 years. After 2 year, the owners have the right to live or continue the rental program by profit-sharing 70:30; 70% for the owners and 30% for the developer.
- Free 14 nights stay at Utopia Yamu during the rental program with no maintenance fees.
- The owners will automatically join the Club Utopia member and receive many privileges such as a 15% discount on spa and restaurant and a 50% discount on reserving accommodation at the affiliated Utopia.
House Types and Details
- Type A: 1-story townhouse with a living area of 67.58 sq.m. It consists of 2 bedrooms, 1 living room, 2 bathrooms, and 1 car parking.
- Type B: 1-story townhouse with a living area of 86.03 sq.m. It consists of 3bedrooms, 1 living room, 2 bathrooms, and 1 car parking.
- Type C: 2-story townhouse with a living area of 135.79 sq.m. It consists of 3 bedrooms, 2 living rooms, 3 bathrooms, and 1 car parking.
- Lobby Hall
- Children's Playground
- Communal Pool
- Relaxing Area by the pool
- Car Parking
- Leisure Garden
- 24 hours of Security System and CCTV
- Maid Service
- Rental Program
Direction to the Project
To get to the project by car, you can start from Thao Thep Kasattri and Thao Si Sunthon Monument Roundabout, heading towards the southeast onto Route 4027. Go straight for about 4.3 kilometers and make a U-turn. Go straight for another 400 meters and turn left onto Route 4003 and go straight for about 750 meters. Turn right onto the rural route (4003) and continue straight for about 900 meters. You will see the project located on the left-hand side.
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.
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.
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?
After you have found the right property at Utopia Yamu you have to follow these steps:
Unit selection and agreement of terms and conditions
Sales and Purchase Agreement
1st Contract Payment