Utopia Maikhao

4.17 (1 Review)

Mai Khao, Thalang,Phuket

Unit ID: U73693
6% GUARANTEED RETURN FOR 5 YEARS
฿11,000,000
Bedroom
2 Bedrooms
Bathroom
3 Bathrooms
Indoor Area
155.20 SqM Indoor Area
Stairs
2 Storeys
Construction
Dec 2020 Off Plan

2 Bedroom Townhouse for sale at Utopia Maikhao

This property is a 155.20 SqM townhouse with 2 bedrooms and 3 bathrooms that is available for sale. It is part of the Utopia Maikhao project in Mai Khao, Phuket and it is scheduled for completion in Dec 2020. You can buy this townhouse for a base price of ฿11,000,000 (฿70,876/SqM).

Features

Private GardenPrivate Garden TerraceTerrace BalconyBalcony

Basic Information

Property Type Townhouse
Storeys 2
Location Mai Khao, Thalang, Phuket
Indoor Area 155.20 SqM
Price per SqM ฿70,876
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
N/A
Plot Size 880 SqM
Townhouse Ownership

Foreign nationals can own the building (townhouse) in their own name but not the land that it stands on.

Foreign Ownership, Thai Ownership, Company, Leasehold
Land Ownership

Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

Thai Ownership, Company, Leasehold
Land Title Deed N/A
Construction Off Plan (Dec 2020)
Furniture
Available for ฿500,000
View(s) Pool View
Unit Type Zone A
Parking Spots N/A
Pool Size N/A
CAM 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.
฿7,760/mo
Listed By
Developer
Date Listed May 4, 2018
Last Updated 6 months ago
Unit ID U73693

Project Details

Completed: Dec 2020
Units: 92
Project Area: N/A
Location: Mai Khao, Thalang, Phuket
Utopia Maikhao Project Details

Project Features

Communal Gym Bar 24H Security CCTV (Video Surveillance) Car Parking

Available Resale Units

  • All
  • 2 Beds
  • 3 Beds
  • Price & Availability Last Updated: May 14, 2020
  • Common Area Maintenance Fee
    These 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
  • Sinking Fund
    For a new condominium project, 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 ultimately, its value in the future.
    ฿500/SqM

Project Progress

Utopia Maikhao 35%
Expected completion date: December 2020

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%

Frequently asked questions

The common area maintenance fee at Utopia Maikhao 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 nearest 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

After you have found the right property at Utopia Maikhao 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 Installments

  • Snag List

  • Transfer

 

Read more here

 

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Reviews

Write a review
Maintenance
4
Staff / Security
4
Facilities on Site
4
Quality of Finishing
5
Value for Money
4
Location
4
The location is great and suitable for investment
4.2 Nathan Mcloughlin, Germany, 5 months ago
It is a spacious villa project that seems a large kingdom from Utopia affiliated projects. I think it's worth investing because there are many benefits and I think it's worth it. The location is great and suitable as a vacation home for investment. Now, it's not 100% completed yet, but I think it would be gorgeous when it is finished. Traveling is convenient and not far from the 5-star hotels and Mai Khao Beach. Anyway, it is quite far from Phuket Town, about 30 kilometers. It only takes about 10-15 minutes, and there is also a shuttle service to many places as well.

Phuket

Mai Khao

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