Utopia Central

(1 Review)

Kathu, Kathu, Phuket

8% GUARANTEED RETURN FOR 3 YEARS

Apr 2020 Completed

8 Floors

2 Buildings

405 Units

4,800 SqM Project Area

(1 Review)

For Sale 15 Units

£32,700

▼ -19% underpriced

For Rent 1 Unit

£325

Overview of Utopia Central in Kathu, Phuket

Utopia Central is a condo and apartment project located in Kathu, Phuket and was completed in Apr 2020. It has 405 units across 8 floors and was developed by UTOPIA CORPORATION CO LTD, who is also behind Utopia Karon, Utopia Dream U2 and Utopia Maikhao.

About Utopia Central

Utopia Central, a luxury condominium in a great deal at an affordable price; worth the investment with a guaranteed rental return. The well-proportioned room provides the best function for living. The high ceiling allows mountain and city views endlessly. The project comes with a full range of facilities from a swimming pool, a gym, a spa, a bar, a 24-hour receptionist to services at a 5-star hotel standard. Get closer to nature with a stunning, peaceful, and private atmosphere and a wealthy neighborhood, which becomes the unique combination of Phuket. Convenient location, just 15 minutes to Patong Beach, and only 10 minutes to Central Phuket, a department store for brand name products.

Project Highlights
Guaranteed return on investment with a rental income guarantee of 8% for 3 years
A condominium with services at a 5-star-hotel standard including 24-hour receptionist, 24-hour security system, room service, and shuttle bus service
Free stay at any Utopia hotel for 10 nights per year and unlimited use of the facilities of the Utopia hotels
Free shuttle service to the beach and all Utopia affiliated projects
Next to Prince of Songkla University, a famous Phuket's university

Project Information
Utopia Central Condominium is located at Mueang Chao Fa Road, Kathu, Kathu, Phuket. The project is a low-rise condominium of 8 floors high with 405 residential units on an area of 3 rai. It is a development from Utopia Development and completed in April 2020.

Room Types and Details
Studio
1 bedroom
2 bedrooms
The living area starts from 24 - 53.67 sq.m.

Facilities
Swimming pool
Fitness center
Spa
Restaurant
Bar
Meeting room
Garden
Parking
24-hours security system
24-hour reception
CCTV

Direction
To get to the project by car, start from Vichit Songkhram - Thanon Chalerm Phra Kiat Rama IX Intersection. Head northwest on Wichitsongkram Road (Route 4020) for 2.7 kilometers. When you see the intersection at Butcher Elite Beef Phuket, turn left onto Mueang Chao Fa Road (Route 4010) for 300 meters; you will find the project on the right-hand side.

Features & Amenities

Communal Pool

2nd Floor

Available Units at Utopia Central

For Sale 15 For Rent 1

All
Studio
1 Bed

Leasehold Fully Furnished Mountain View

Leasehold Fully Furnished Mountain View

Leasehold Fully Furnished Mountain View

Thai Quota Fully Furnished Garden View

Foreign Quota Unfurnished City View

Foreign Quota Unfurnished City View

Leasehold Fully Furnished City View

Foreign Quota Unfurnished City View

Foreign Quota Unfurnished City View

Foreign Quota Unfurnished Pool View

Foreign Quota Unfurnished Mountain View

Foreign Quota Unfurnished Mountain View

Foreign Quota Unfurnished City View

Foreign Quota Unfurnished City View

Foreign Quota Unfurnished City View

Get notified when new homes are being added to Utopia Central

View All (15)

Previous Sales (Secondary Market) at Utopia Central

Sale Price : ฿5,759,000

FazWaz Estimate : ฿5,550,000

Price Rating : Great Price

Sale Price : ฿12,140,999

FazWaz Estimate : ฿11,990,999

Price Rating : Great Price

Sale Price : ฿1299,999

FazWaz Estimate : ฿179,999

Price Rating : Overpriced

Sale Price : ฿159,999

FazWaz Estimate : ฿149,999

Price Rating : Fair Price

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Facilities and Floor Plans

Facilities

Leisure

Communal Pool

Indoor Kids Zone

Communal Garden Area

Fitness

Communal Gym

Convenience

Hotel Managed

On Site Restaurant

Car Parking

Reception / Lobby Area

Shuttle Bus

Safety

24H Security

CCTV (Video Surveillance)

Parking & Lift

Ratio of Parking Spaces to # of Units : 28%

Parking Type : Conventional

Charging Stations on Site : No

# of passenger lifts in each building : 2

Management

Payment Plan

Installment Milestone Payment

Reservation Deposit

Immediately

£2,180

Down Payment

Upon contract signing

30%

1st Installment

During Construction

20%

2nd Installment

On completion

30%

3rd Installment

On handover

20%

Master Plan

Building Floor Plans

About the Developer - UTOPIA CORPORATION CO LTD

All UTOPIA CORPORATION CO LTD Projects

10 Projects 2,494 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

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 £1 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 Central the required payment for the sinking fund is £11 per square meter based on the size of the indoor area of the property.

Utopia Central offers a guaranteed rental return of 8% (based on the purchase price of the property) for a duration of 3 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.

Reviews

5 out of 5

Based on

1 Review

Maintenance

Staff / Security

Facilities on Site

Quality of Finishing

Value for Money

Location

+ Write a review

Condo for investing

Lars Moman, Sweden, 3 years 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

Neighborhood Overview

Buy
£32.8K - £11.5M
For Sale on LivePhuket
527 properties
Rent
£164 - £26.3K
For Rent on LivePhuket
311 properties
To Prince Of Songkla University Phuket Campus
1.1 km / 3 minutes by driving
To Phuket International Airport
33.6 km / 44 minutes by driving

Location and Neighborhood

Surrounding area

Utopia Central is conveniently located just 480 m from 7-11, which can be reached within 6 mins. by foot.

There are many other shops situated in the area of Utopia Central , the 3 closest being:
- Bussaba Ice Shop is 60 m away (about 1 min. by foot)
- Thung Thong Construction Equipment is 440 m away (about 6 mins. by foot)
- STOP FOR is 440 m away (about 6 mins. by foot)

The surrounding area, where Utopia Central is situated, offers a wide variety of restaurants. See the closest of them below:
- Friends shop in front of the university. is 70 m away (a walk of about 1 min.)
- Friends shop in front of the university. is 70 m away (a walk of about 1 min.)
- Kaw-e-mai Kao Yum Restaurant is 80 m away (a walk of about 1 min.)

Pet Hospital is the nearest health facility, which is 410 m away (you can walk there in 6 mins.) from the project, while the closest schools in the proximity of Utopia Central are:
- Environmental Quality Analysis Center, University of Phuket is 250 m away (about 3 mins. by foot)
- Computer college club room is 250 m away (about 3 mins. by foot)
- Phuket Special Education Center is 270 m away (about 4 mins. by foot)

Phuket International Airport is located 33.3 km from Utopia Central and it takes about 42 mins. by car or taxi (depending on the traffic) to get there.