Utopia Dream Condo

4.17 (1 Review)

Rawai, Phuket Town,Phuket

Unit ID: U168812
7% GUAR. RETURN FOR 3 YEARS
Sold Great Price
Bedroom
Studio Bedroom
Bathroom
1 Bathroom
Indoor Area
24 SqM Size
Floors
5 Floor
Construction
Nov 2022 Off Plan

Studio Condo for sale at Utopia Dream Condo

This property is a 24 SqM studio condo with 1 bathroom that is available for sale. It is part of the Utopia Dream Condo project in Rawai, Phuket and it is scheduled for completion in Nov 2022. You can buy this condo for a base price of ฿2,650,000 (฿110,417/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 5
Bedroom Studio
Size 24 SqM
Price per SqM ฿110,417
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) Mountain View
Unit Type U2 Mini
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 Aug 16, 2019
Last Updated 2 weeks ago
Unit ID U168812

Price Analysis

Great Price
Estimated market value ฿2,778,397
Great
฿2,460,000
Good
Fair
Above
฿3,140,000
Current asking Price: ฿2,650,000
This condo is ฿128,397 BELOW MARKET (-5%) 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

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
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.
15
Guaranteed Rental Return
7%
Guarantee Duration
3 Years

Project Details

Project Name: Utopia Dream Condo
Construction: Off Plan (Nov 2022)
Floors: 8
Buildings: 2
Units: 557
Project Area: 11,200 SqM
Nearest Landmark Rawai Beach - 0.8 Km
Location: Rawai, Phuket Town, Phuket
Utopia Dream Condo 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)
Car Parking Car Parking
Spa Spa
Steam Room Steam Room
Reception / Lobby Area Reception / Lobby Area
Mini Theater Mini Theater

Popular Facilities at Utopia Dream Condo

  • Massage Room
    Ground Floor
  • Mini Theater
    Ground Floor
  • On Site Restaurant
    Ground Floor
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Available Units at Utopia Dream Condo

Loan Calculator

Project Progress

Utopia Dream Condo 10%
Expected completion date: November 2022

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon contract signing
30%
2nd Installment
Construction Start
20%
3rd Installment
Structure Completion
30%
4th Installment
On handover
20%

Frequently asked questions

No pets are allowed at Utopia Dream Condo 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 ฿1,200 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.
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 Dream Condo the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Utopia Dream Condo offers a guaranteed rental return of 7% (based on the purchase price of the property) for a duration of 3 Years.
Read more here.
Rawai Beach is the nearest Beach from Utopia Dream Condo and it is 0.8 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 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
1st Installment
Upon contract signing
30%
2nd Installment
Construction Start
20%
3rd Installment
Structure Completion
30%
4th Installment
On handover
20%

Read more here

 

Sure and with travel restrictions this is becoming a more popular option. We have online immersive tours of a large number of properties so you can see all properties from your home. Our experienced team can also conduct a video tour and once you are ready to go ahead with your purchase, either our team or we can recommend lawyer to manage the entire transfer of the property into your name without you physically being 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

4.2 out of 5 4.17
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
The new project, good location
4.2 Dawne Ehmann, Germany, 1 year ago
It's a nice and modern condo. The staff are nice and give good advice. I have visited Utopia Dream Condo and am interested in it because the room design is modern. There are 9 different styles to choose from, and all are unique and charming. The project is located in a quiet location, but it is easily accessible to travel around. There are also many nearby places around the project, such as Nai Harn Beach, one of my favorite beaches in Phuket. It is beautiful and peaceful. Also, many shops and restaurants are considered good, don't worry about where to eat. Moreover, the project provides an on-site restaurant, where residents can enjoy their meals. Besides, the project facilities are well-equipped, fully meet my needs. Utopia Dream Condo is considered a quality project that I love and decided to book for a studio room. I will immediately move in when it is completed.

Phuket

Rawai

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Location and Neighborhood

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