Off-Plan
Kingston Royale
Phsar Daeum Thkov, Chamkarmon
Investor Snapshot
Entry Price
$175,200
Projected Yield
~6% - 8%
Deposit
$52,560
Ownership
Strata-title
Completion
2029
About This Development
Le Conde 2 | 1 - 5 Bedroom | Phnom Penh
A premium pre-launch condominium in BKK1 offering foreign ownership eligibility, strong central-location appeal, and a broad unit mix for both investors and end users in Phnom Penh.
Read Full Overview
Le Conde 2 is a premium pre-sale condominium in Phnom Penh’s BKK1 district, one of the city’s most established and in-demand locations for both residential living and rental investment. Developed by Wangfu, the project builds on the success of Le Conde 1 and introduces a modern high-rise offering a full range of amenities and a unit mix from 1 to 5-bedroom condos designed for both owner-occupiers and investors.
As one of the most anticipated new developments in Phnom Penh, Le Conde 2 is positioned to benefit from strong rental demand in BKK1, driven by expatriates, corporate tenants, and professionals seeking high-quality accommodation in a central location. The development offers foreign ownership under Cambodia’s strata title system, USD-denominated pricing, and flexible pre-sale payment plans, making it accessible for international buyers looking to enter the Cambodia real estate market.
With completion targeted for 2029, Le Conde 2 represents an early-entry opportunity in Phnom Penh real estate, combining prime location, modern design, and long-term rental and capital appreciation potential in one of the city’s most resilient property markets.
Project Overview
Entry Price
From $175,220
$2,423.98 Early Bird
Price / SQM
$2,423.98/sqm
5% pre-booking discount
Deposit
30%
$50,000
Status
Under Construction
Total Units
397
5 Tiers of Different Layouts
Floors
60
High-rise tower
Title
Strata-title
Hard title confirmed
Size Range
73-369 sqm (gross)
TBD
Beds
1-5 Bed
12 unit types
Developer
Wang Fu Guo Ji Property Development Co.
Completion
2029
Investment Thesis
Le Conde 2 is one of the most anticipated new condominium launches in BKK1, Phnom Penh — a 60-storey luxury tower developed by Wangfu, located on a prime 1,736 sqm corner at Street 352 and Street 63.
Following the success of Le Conde 1 — a 43-storey development with 1,080 units, over 800 sold, multiple Cambodia Property Awards, and professional management by Hopetree Japan — Le Conde 2 introduces a more exclusive offering, with just 398 units available.
All units are sold on a freehold hard title and come fully furnished, featuring Xiaomi smart home systems and generous 3.2-meter ceiling heights.
BKK1 remains Phnom Penh’s most established luxury residential district, with typical gross rental yields ranging from 6.0% to 8.0% for well-located properties.
As a pre-sale opportunity, Le Conde 2 may offer potential for capital appreciation between purchase and completion, depending on entry pricing, construction progress, and overall market conditions.
Location Map
BKK1 is Phnom Penh’s most established and in-demand residential district, consistently attracting strong rental demand from diplomats, corporate executives, and high-net-worth expatriates.<br />
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At Le Conde 1, investors benefited from a guaranteed rental return (GRR) of 24% over three years (equivalent to 8% per annum). GRR terms for Le Conde 2, if offered, are to be confirmed.
Developer: Wang Fu Guo Ji Property Development Co.
Wang Fu Guo Ji Property Development Co., Ltd (Wangfu) is one of the most established and trusted condominium developers in BKK1, Phnom Penh. The company has a proven track record with Le Conde 1 — a 43-storey, 1,080-unit residential tower that achieved strong market absorption, with over 800 units sold.
Construction progress has advanced to handover, which began in March 2025. The development has also received recognition at the Cambodia Property Awards (specific categories and years to be confirmed with the developer).
Le Conde 1 is professionally managed by Hopetree Japan and was among the first developments in Cambodia to feature Xiaomi smart home integration, setting a new benchmark for modern urban living in Phnom Penh.
Developer
Wangfu
Track Record
Le Conde 1 (800+ sold)
Awards
CPA Recognised
Management
Hopetree Japan (Ph1)
Developer Track Record
Unit Types & Pricing
Payment Plan
Confirmed Payment Structure
Down payment: 30%
Construction installments: 0% for 54 months
Handover balance: Remaining Belance
Early bird: 5% pre-booking
Indicative Holding Costs
Regional Price Comparison
New-Build Condo $/sqm Comparison
Full Remote Setup for Overseas Investors
Foreign Ownership: Strata Title Confirmed
FAQ
Who This Development Is For
Amenities
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