About This Development
Kingston Royale | 1-2BR Units | Phnom Penh
Kingston Royale is a mid-rise condominium in Phnom Penh’s Boeung Tompun area near Russian Market, offering efficient one- and two-bedroom layouts with foreigner-eligible strata title ownership. With entry pricing from approximately $54,000, it provides accessible positioning within a fast-developing residential district just outside the core BKK1 zone.
- Emerging Boeung Tompun district with growing expatriate rental demand
- Mid-density project with efficient layouts suited for urban tenants
- Sub-$100K entry pricing below central Phnom Penh benchmarks
Project Overview
Entry Price
From $49,000
~$1,140–$1,450/sqm
Price / SQM
$1,140/sqm
10% - 20% early bird discount
Deposit
10%
As low as ~$5,000
Status
Under Construction
Construction underway (launched 2025)
Total Units
310
Mid-density residential tower
Floors
36
High-rise tower
Title
Free-hold/Strata Title
Foreign ownership eligible (hard title)
Size Range
~43–85 sqm (gross)
~36–70 sqm net
Beds
1–2 Beds
11 unit types
Developer
KR Kingston Royale Co. Ltd
Boutique developer targeting value-driven central locations
Completion
Q4 2027
Estimated Q4 2027 (subject to construction progress)
Amenities
Sky Pool, Gym, Lobby + Security
View full amenities
Unit Types & Pricing
Compare available layouts
Jump directly to unit sizes, pricing, and floor plan options before reviewing the full investment breakdown.
Location Map
Kingston Royale is located in Phnom Penh’s Boeung Tompun area, adjacent to the popular Toul Tom Poung (Russian Market) district—one of the city’s most active lifestyle and residential zones. Known for its mix of local markets, cafés, and international dining, the neighborhood attracts a strong base of expatriates and young professionals while maintaining convenient access to BKK1 and central Phnom Penh.
Russian Market (Toul Tom Poung)
~3 min drive / ~1 km
AEON Mall Phnom Penh
~8 min drive / ~3 km
BKK1 (Boeng Keng Kang 1)
~10 min drive / ~3.5 km
Independence Monument
~12 min drive / ~4 km
Riverside (Sisowath Quay)
~15 min drive / ~5.5 km
Phnom Penh International Airport
~30 min drive / ~10 km
Tuol Tom Poung Café District
~3–5 min drive / ~1.5 km
Chip Mong 271 Mega Mall
~8–10 min drive / ~3.5 km
Neighborhood Profile
RUSSIAN MARKET (TUOL TOMPONG) NEIGHBORHOOD PROFILE
Tenant profile: Young professionals, expatriates, creatives, and long-term renters drawn to a lifestyle-driven neighborhood
Rental demand: Strong demand from expatriates, teachers, NGO workers, and young professionals seeking walkable, character-rich areas
Key draws: Russian Market (Tuol Tompong), café and restaurant scene, boutique retail, lifestyle amenities
Connectivity: Easy access to BKK1, central Phnom Penh, and key commercial districts via major arterial roads. Located in the southern areas of town, the area has easy access to the new Phnom Penh international airport.
Comparable: BKK2, BKK3, and fringe BKK1 locations offering similar rental profiles at more accessible entry points
Project Narrative
Development Overview
Kingston Royale is a 36-floor residential development located in Phnom Penh’s Boeung Tompun neighborhood, within close reach of the Russian Market and BKK districts. The project offers one- and two-bedroom units with strata title ownership available to foreign buyers, alongside lifestyle amenities including a sky pool, gym, and secured lobby environment designed for modern urban living.
With approximately 310 units, the development sits within a mid-density range that balances scale with livability. The unit mix and layout efficiency are tailored toward young professionals, small households, and investors targeting practical rental formats in an area experiencing steady residential growth.
Investment Thesis
Boeung Tompun and the greater Toul Tom Poung (Russian Market) area have seen increasing residential demand driven by expatriates, local professionals, and small families seeking proximity to central Phnom Penh at more accessible price points. Continued urban expansion and infrastructure improvements are supporting the area’s transition into a secondary core residential zone.
At approximately $1,140–$1,450 per sqm after discounting depending on unit type and floor level, Kingston Royale remains positioned below typical BKK1 pricing while staying within close reach of Phnom Penh’s primary commercial and lifestyle districts. Rental yields in this segment generally range from around 6%–8%, supported by demand for smaller and mid-sized residential units.
The project’s layout mix aligns with Phnom Penh’s most liquid rental formats, particularly one-bedroom units targeting young professionals and smaller households. As with all off-plan developments, investors should consider construction timelines, developer execution, and broader market conditions. Yield projections are indicative and not guaranteed.
ROI Investment Scenario
Illustrative Investment Scenario
Illustrative example based on a mid-range one-bedroom unit:
Purchase Price
~$62,000
Monthly Income
~$400–$450/mo
Net Yield
~7%–8%
Holding Period
5 years
Exit Price
~$78,000–$84,000
5-Year Total ROI
~35%–45%
This scenario assumes a 5-year hold, with returns driven by rental income and moderate capital appreciation as the surrounding district continues to mature. Actual performance will vary depending on unit type, final purchase terms, leasing conditions, and broader market performance.
Developer: KR Kingston Royale Co. Ltd
KR Kingston Royale Co. Ltd is an established Phnom Penh residential developer with over 15 years of experience and a portfolio of approximately 9 completed projects, including the fully occupied L Residence series.
Track Record:
15+ Years
Completed Projects:
Approx. 9
Market:
Phnom Penh
Focus:
Mid-Range Residential
Positioning:
Value-Oriented Central Locations
Unit Strategy:
1–2 Bedroom Rental-Focused Layouts
Why the developer track record matters
For investors, Kingston Royale’s developer history is relevant because it shows experience delivering practical, urban condominium projects for Phnom Penh’s mid-market residential segment. The L Residence series also provides a useful reference point, with completed buildings that have attracted long-term residents and rental demand in established city neighborhoods.
Lifestyle & Facilities
Amenities
Kingston Royale includes a range of practical lifestyle and wellness facilities designed to support modern urban living in Phnom Penh’s Boeung Tompun and Russian Market area. The project combines accessible entry pricing with resident-focused amenities including rooftop leisure areas, wellness facilities, landscaped spaces, and secure day-to-day convenience features.
Fitness Center
Sauna & Steam Room
Jacuzzi
Yoga Space
Sky Garden
Residents’ Lobby
24-Hour Security
Typical Floor Layout
Typical Layout
Unit Types & Pricing
1 Bedroom - Type K
1 Bed • 1 Bath
1 Bedroom - Type J (Mid-size)
1 Bed • 1 Bath
1 Bedroom -Type I
1 Bed • 1 Bath
1 Bedroom - Type G
1 Bed • 1 Bath
1 Bedroom - Type F (Large)
1 Bed • 1 Bath
2 bedroom - Type C
2 Bed • 1 Bath
2 Bedroom - Type B (Mid)
2 Bed • 1 Bath
2 Bedroom - Type A (Large)
2 Bed • 2 Bath
Payment Plan
Confirmed Payment Structure
Down payment: Minimum 10%
Construction installments: Staged payments during construction (typically 1%–2% monthly or milestone-based)
Handover balance: ~40%–50% at completion
Early bird: ~10%+ developer discount currently available
Price escalation: Gradual price increases expected as construction progresses. May 2026 being the first.
Down payment typically begins at 20%, but can be as low as 10% upon request for selected units, followed by staged construction payments throughout the build period, with the remaining balance due at completion (estimated Q4 2027). A ~10% developer discount is currently available on listed prices. Final payment terms may vary by unit and purchase timing, and should be confirmed at reservation.
Indicative Holding Costs
Ongoing holding costs for Kingston Royale are expected to remain relatively low compared to regional markets, supporting long-term rental performance and investor returns.
Property Tax
0.1%/year
Monthly Management Fee
~$0.90/sqm (gross)
Total Holding Cost
Low overall holding cost relative to Phnom Penh market
Service charges and sinking fund contributions are to be confirmed by the developer. Property tax is currently set at approximately 0.1% annually. Management fees typically range from 8%–12% depending on provider and service level. Buyers should verify final costs prior to completion.
Regional Price Comparison
New-Build Condo $/sqm Comparison
Kingston Royale
~$1,070-$1,200sqm
BKK1 Phnom Penh (Prime)
~$2,500–$3,500/sqm
Kuala Lumpur (Prime)
~$2,500–$3,500/sqm
Manila (Prime)
~$3,000–$6,000/sqm
Bangkok (Prime)
~$3,000–$6,000/sqm
Ho Chi Minh (Prime)
~$4,000–$8,000/sqm
Kingston Royale is positioned below central Phnom Penh pricing benchmarks, offering a more accessible entry point compared to BKK1 while maintaining proximity to key lifestyle and business districts. This relative value positioning supports both rental demand and long-term market relevance.
Full Remote Setup for Overseas Investors
Kingston Royale supports a complete remote investment process. Overseas buyers do not need to be present in Cambodia for reservation, SPA signing, payment scheduling, handover, or rental setup.
Foreign Ownership: Strata Title Confirmed
FAQ
Below are common questions from overseas buyers considering Kingston Royale.
Can foreigners buy at Kingston Royale?
Yes. Foreign buyers may purchase strata-title units above the ground floor, subject to Cambodia’s foreign ownership quota regulations. Buyers should confirm final legal structure and unit eligibility prior to reservation.
Can I complete the purchase remotely?
Yes. Most transactions can be completed remotely using digital documentation. Buyers typically provide a passport copy and sign agreements electronically, without needing to be physically present in Cambodia.
What is the typical payment structure?
Payment plans usually include an initial deposit of around 20%, followed by staged construction payments, with the remaining balance due at completion. Final terms depend on the developer and unit selected.
What ownership type will I receive?
Units are sold under strata title ownership, allowing foreign buyers to hold freehold ownership of individual units above the ground floor.
What are the typical rental yields in this area?
Rental yields in the Boeung Tompun and Russian Market area typically range from approximately 6%–8% gross, depending on unit type, furnishing, and property management.
Who typically rents units in this area?
Tenants are primarily expatriates, young professionals, and small households seeking proximity to central Phnom Penh at more accessible rental levels than BKK1.
Are there additional costs beyond the purchase price?
Yes. Buyers should account for service charges, sinking fund contributions, and annual property tax (approximately 0.1%). Costs vary by development and unit size.
Is financing available for foreign buyers?
Financing options for foreign buyers are limited in Cambodia. Most purchases are cash-based or follow developer payment plans during construction.
What are the risks of buying off-plan?
As with any off-plan purchase, risks include construction delays, developer performance, and changing market conditions. Buyers should conduct due diligence and consider these factors before committing.
What is the expected completion timeline?
Kingston Royale is currently under construction with an estimated completion around Q4 2027, subject to construction progress and standard development timelines.
Who This Development Is For
Kingston Royale is best suited to buyers seeking accessible entry pricing in a developing Phnom Penh district, with upside tied to improving infrastructure, growing residential demand, and long-term urban expansion beyond the traditional city core.
Best Suited For
- Investors seeking lower entry pricing compared to central BKK1 developments
- Buyers targeting emerging residential districts with future growth potential
- Those comfortable investing ahead of full area maturity
- Investors focused on rental demand from local professionals and younger tenants
- Buyers looking to build a diversified Phnom Penh property portfolio
Less Suitable:
- Buyers prioritizing prime central location and established rental markets
- Investors seeking immediate high-end expat tenant demand
- Those focused on luxury positioning or branded developments
- Highly risk-averse buyers avoiding emerging district exposure
- Investors expecting short-term appreciation without holding through area growth
Potential Exit Strategies
- Hold for rental income as residential demand expands in Boeung Tompun
- Resell post-completion as infrastructure and surrounding development improve
- Assign during construction depending on market conditions and pricing shifts
- Long-term hold aligned with Phnom Penh’s outward urban growth
