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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.
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.
After you have found the right property at Utopia Naiharn you have to follow these steps:
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.
Utopia Naiharn is conveniently located just 590 m from 7-Eleven, which can be reached within 7 mins. by foot.
There are many other shops situated in the area of Utopia Naiharn, the 3 closest being:
- Laundry is 1.1 km away (an approx. drive of 3 mins.)
- three ground is 2.4 km away (an approx. drive of 6 mins.)
- Tuck beauty's shop is 2.2 km away (an approx. drive of 5 mins.)
The surrounding area, where Utopia Naiharn is situated, offers a wide variety of restaurants. See the closest of them below:
- Mikha Japanese Restaurant is 0 m away (a walk of about 1 min.)
- Soi Suanwat thai food is 220 m away (a walk of about 3 mins.)
- Daisy Homestay Phuket is 470 m away (a walk of about 6 mins.)
Rawai Health Promoting Hospital is the nearest health facility, which is 3.5 km away (you can drive there in 7 mins.) from the project, while the closest schools in the proximity of Utopia Naiharn are:
- Thai Explorers Society is 1.1 km away (an approx. drive of 3 mins.)
- Rebreather Thailand is 1.2 km away (an approx. drive of 3 mins.)
- Aloha Diving - Scuba Diving in Phuket is 900 m away (about 11 mins. by foot)
Phuket International Airport is located 47.9 km from Utopia Naiharn and it takes about 1 hour 3 mins. by car or taxi (depending on the traffic) to get there.