Phuket, Thailand – Utopia Corporation (UCORP), one of the largest real property developers in Phuket, invests 816 million Baht in ongoing projects to construct disruptive, distinctive, and creative residences in Utopia Yamu and Utopia Thalang, building on its business strength. It also highlights 2021 sales achievement, investment returns, and preparations to launch two landmark projects in the golden locations of northern and southern Phuket.

CEO and Founder of Utopia Corporation, Mr. Hachi Yin, reveals that for the first three quarters of 2021, despite the COVID-19 crisis, Utopia Corporation continued to lock in sales, driven by the cutting-edge technologies developed by its affiliate, Zeus Teknology. All presentations and public relations initiatives, from image displays, videos, and 360-degree immersive images to customer relationships, sales, and post-sale services, are completed and buyers do not need to visit the actual area or property in person.132 units were successfully sold with the year-to-date income of 438 million Baht, including the backlog of 491 million Baht. Furthermore, it is estimated that the increase of 10% of payment will be fulfilled in Q4 of 2021 by efficient management of costs and expenses.

Another success for Utopia Corporation this year is the distribution of the remuneration from the investment program to their investors. A total of 354 million Baht has been fruitfully returned to them according to the plan. This reflects the capability of Utopia in providing stable returns to investors despite these turbulent times with a fluctuating economy.

"For Utopia in Q4 of 2021, we are determined to create high-quality residences with cost-effective prices in both vertical and horizontal lines in order to satisfy the needs and lifestyles of our clients in the age of the new normal. To be surrounded by nature and outdoor space to be enjoyed for a rewarding and healthy lifestyle, consistent with the demands of the buyers requiring their "weekend house" or "second house" in a resort destination. We strongly believe that our projects located across Phuket fulfill the requirements of a high-quality house. Additionally, the rapid development of Phuket such as international schools, medical expertise, and infrastructure has led to an increase in demand for residences in Phuket, "said Mr. Hachi Yin, CEO and Founder of Utopia Corporation.

In 2021, Utopia Corporation also explores international markets through seminars in sale promotions and investment requirements in Thailand for international buyers. In the final quarter of 2021, UCORP will simultaneously conduct a marketing campaign and arrange seminars in 16 cities in China with a total of 48 events, Hong Kong (4 events) and United States of America (8 events). UCORP will also participate in the London Property Show in London. In Bangkok, seminars are also arranged, including the cooperation with the Government Savings Bank to drive the higher investment in Thailand.

Utopia Corporation has completed the development of 10 projects with a total of 2,000 units, covering a construction area of 120,000 square meters at an investment cost of 8,000 million Baht. In 2021, UCORP invests a capital of 396 million Baht to continually develop residential projects such as Utopia Thalang, the housing project adjacent to Mai Khao Beach. It is designed and decorated with a “Zen” theme which has been proven popular. And Utopia Yamu, the luxury residential project under the Morocco concept, located on the eastern coast of Phuket close to the Po Grand Marina Bay. All projects emphasize the creative development of disrupting the traditional rules under the slogan “Dare to Dream”. This is in response to the current era of living in the present age, driven by social media and the needs of the new generation dreaming of a house beyond their imagination. This motivates the new generation and stimulates new markets in the industry.

Utopia Corporation’s plan also includes the creation of two immense landmarks located in the northern and southern Phuket region. Bay of Icons is a new destination that is much sought after by high-end global investors and travelers. They are located in Ao Po Bay on the northern coast of Phuket, covering the beach surrounding the beautiful Ao Po Grand Marina Bay with a total area exceeding 20 Rai. It comprises cutting-edge facilities and several exclusive services to satisfy the luxury lifestyle.

Additionally, the “Entertainment Complex” Utopia Dream, a mixed-use development with a low-rise condominium to be constructed in the area of Naiharn, the southern coast of Phuket. It will be a paragon of the relaxation filled with color, happiness, and world- class entertainment activities. The total investment for these two projects, as mentioned earlier, is above 4,000 million Baht. Utopia Corporation intends to list on the Thai Stock Exchange within the next five years in order to provide greater stability and strength in the future.

For more information about Utopia Corporation, please visit www.utopia.co.th