Utopia Karon

4.83 (1 Review)

Karon, Phuket Town,Phuket

Unit ID: U63766
8% GUAR. RETURN FOR 3 YEARS
฿4,600,000 Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
33.68 SqM Size
Floors
2 Floor
Construction
Jun 2021 Completed

1 Bedroom Condo for sale at Utopia Karon

This property is a 33.68 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Utopia Karon project in Karon, Phuket and was completed in Jun 2021. You can buy this condo for a base price of ฿4,600,000 (฿136,580/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 2
Bedroom 1
Size 33.68 SqM
Price per SqM ฿136,580
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
Available for ฿300,000
View(s) Mountain View
Unit Type 1BR
Building N/A
CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿1,684/mo
Listed By
Developer
Date Listed Feb 8, 2018
Last Updated 3 months ago
Unit ID U63766

Price Analysis

Great Price
Estimated market value ฿5,407,914
Great
฿5,190,000
Good
Fair
Above
฿6,290,000
Current asking Price: ฿4,600,000
This condo is ฿807,914 BELOW MARKET (-15%) in the Phuket area. It is analyzed against similar condos and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
Powered by FazWaz AVM

Investment Opportunity: Charges & Yield

Sale Price
฿4,600,000
CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿1,684/mo
Price-to-Rent Ratio
The price-to-rent ratio is calculated at the individual home level, where the sales price is divided by 12 times its monthly rent price.
13
Guaranteed Rental Return
8%
Guarantee Duration
3 Years

Project Details

Project Name: Utopia Karon
Construction: Completed (Jun 2021)
Floors: 4
Buildings: 5
Units: 238
Project Area: 11,200 SqM
Nearest Landmark Kata Beach - 1.4 Km
Location: Karon, Phuket Town, Phuket
Utopia Karon 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
Spa Spa
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at Utopia Karon

  • Communal Pool
    2nd Floor
  • On Site Restaurant
    Ground Floor

Available Units at Utopia Karon

Loan Calculator

Payment Plan

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

Frequently asked questions

No pets are allowed at Utopia Karon 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 is ฿50 per square meter based on the size of indoor area of the property and is ฿1,684 for this condo. This fee has to be paid 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 Karon offers a guaranteed rental return of 8% (based on the purchase price of the property) for a duration of 3 Years.
Read more here.
Kata Beach is the nearest Beach from Utopia Karon and it is 1.4 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 Karon you have to follow these steps:

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

 


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

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

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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Reviews

4.8 out of 5 4.83
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Great price condo
4.8 Kimbery Chotvanit, Thailand, 11 months ago
I just bought 1 room here at an excellent price because I purchased it since it was newly launched. I also do business in Karon Beach and have been renting someone else's condo for many years. And now I want to have my own place. Plus, my business is now going well. I thought that I made the right decision in choosing this condo because it is very close to Karon beach; you can walk there within about 10 minutes, easy to find food, and not far to the town. As a matter of value, let me say that the project gives many facilities such as a bar, restaurant, swimming pool, fitness, spa, and many project privileges. I like it very much because you can stay at Utopia hotels for up to 40 nights a year. Now, I keep in mind that when my family visits Phuket, they can stay in the hotels in the chain for free. What a good deal!

Phuket

Karon

Neighborhood Overview

Location and Neighborhood

Street View

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