Utopia Central

5 (1 Review)

Kathu, Kathu,Phuket

Unit ID: U27737
8% GUARANTEED RETURN FOR 5 YEARS
฿2,750,000
Bedroom
Studio Bedroom
Bathroom
1 Bathroom
Indoor Area
24 SqM Size
Floors
8 Floor
Construction
Apr 2020 Completed

Studio Condo for sale at Utopia Central

This property is a 24 SqM studio condo with 1 bathroom that is available for sale. It is part of the Utopia Central project in Kathu, Phuket and was completed in Apr 2020. You can buy this condo for a base price of ฿2,750,000 (฿114,583/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 8
Size 24 SqM
Price per SqM ฿114,583
Condo Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if that is currently below 49%.

Leasehold
Furniture
Unfurnished
View(s) Pool View
Unit Type STU
Building 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.
฿1,200/mo
Listed By
Developer
Date Listed Jun 7, 2017
Last Updated 2 months ago
Unit ID U27737

Project Details

Project Name: Utopia Central
Construction: Completed (Apr 2020)
Floors: 8
Buildings: 2
Units: 405
Project Area: 4,800 SqM
Location: Kathu, Kathu, Phuket
Utopia Central Project Details

Project Features

Hotel Managed Hotel Managed On Site Restaurant On Site Restaurant Communal Pool Communal Pool Communal Gym Communal Gym 24H Security 24H Security CCTV (Video Surveillance) CCTV (Video Surveillance) Indoor Kids Zone Indoor Kids Zone Car Parking Car Parking Reception Lobby Area Reception Lobby Area Communal Garden Area Communal Garden Area Shuttle Bus Shuttle Bus

Popular Facilities at Utopia Central

  • Communal Pool
    2nd Floor
  • Communal Gym
    2nd Floor
  • Indoor Kids Zone
    2nd Floor
  • On Site Restaurant
    2nd Floor

Available Units at Utopia Central

  • All
  • Studio
  • 1 Bed
  • Price & Availability Last Updated: Nov 10, 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
  • Freehold Premium
    Developments that are popular with overseas buyers usually sell their foreign freehold quota units first. This higher demand is being reflected in the unit prices via the freehold premium.
    ฿300,000

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
Down Payment
Upon contract signing
20%
1st Installment
Feb 2019%
30%
2nd Installment
100% construction completion
30%
3rd Installment
On handover
20%

Frequently asked questions

No pets are allowed at Utopia Central unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
The common area maintenance fee at Utopia Central 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.
Utopia Central offers a guaranteed rental return of 8% (based on the purchase price of the property) for a duration of 5 Years.
Read more here.
Patong Beach is the nearest Beach from Utopia Central and it is 6 km away.

Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

Read more here

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

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 

Read more here

Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.

Read more here

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Reviews

Write a review
Maintenance
5
Staff / Security
5
Facilities on Site
5
Quality of Finishing
5
Value for Money
5
Location
5
Condo for investing
5 Lars Moman, Sweden, 6 months ago
I bought a studio room in this condo, and I think it is worth investing. I got it at a very good deal and expected that the price would be higher in the future. So far, I bought to rent it out as they guarantee an 8% rental income for 5 years, and there are also many other benefits you will get from this property. Inside the room is divided into good proportions with furniture provided. The materials used to decorate the rooms are quite good, overlooking the mountains and the city views. There are full facilities, including the large swimming pool, gym, restaurant, bar, receptions for 24 hours. Oh, there is room service and the shuttle bus to the beaches as well. About the location, it is good here. It is quite close to many facilities such as Prince of Songkla University, and Central Festival Phuket is just 10 minutes drive away.

Phuket

Kathu

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The Base Height

Talat Yai, Phuket Town, Phuket, Thailand
Estimated Market Value
฿2,670,000
The estimate incorporates multiple data models and responds to factors like:
Neighborhood details Home facts Previous transaction data
Estimated Sales Range ฿2,370,000 - ฿2,810,000
We calculate the estimated sales range based on the current market and the info we have about this home.

Phuket Condo / Apartment Market insight

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