1 Bedroom (Premium Layout) Unit A
1 Bed • 1 Bath
About This Development
Le Conde 2 | 1-5BR Units | Phnom Penh
Le Conde 2 is a 60-storey luxury condominium located in Phnom Penh’s prime BKK1 district, offering one- to four-bedroom residences with foreigner-eligible strata title ownership. Positioned within the city’s most established residential neighborhood, it provides access to a high-demand rental market with pricing aligned to premium central Phnom Penh developments.
- • Prime BKK1 location with consistent expatriate rental demand
- • Luxury high-rise with refined design and lower-density positioning
- • Entry into Phnom Penh’s most established residential district
Project Overview
Entry Price
From $121,000
rom approximately $2,200/sqm
Price / SQM
$2,200/sqm
Pre-sale pricing
Deposit
30%
From approximately $36K deposit
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
Unit Types & Pricing
Compare available layouts
Jump directly to unit sizes, pricing, and floor plan options before reviewing the full investment breakdown.
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.
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.
BKK1 (Boeng Keng Kang 1)
Prime central district
Embassy District (BKK1 core)
Walking distance
Bassac Lane (dining & nightlife)
2–3 minutes
AEON Mall Phnom Penh
5–7 minutes
Independence Monument
~5 minutes
Phnom Penh International Airport
25–30 minutes
Neighborhood Profile
BKK3 Investment Profile
Tenant profile: Diplomats, NGO professionals, corporate executives, and long-term expatriates seeking high-quality, centrally located residences within Phnom Penh’s most established district.
Rental demand: Consistently among the strongest in Phnom Penh, with stable occupancy driven by international tenants and limited supply of well-managed, premium units in central BKK1.
Key draws: Prime central location, walkability, proximity to embassies and international offices, strong lifestyle offering (restaurants, cafés, services), and limited available land supporting long-term value.
Connectivity: Direct access to Norodom Boulevard and major central corridors, with efficient connectivity to key commercial districts, international schools, and Phnom Penh International Airport.
Comparable: Competes with other high-end BKK1 developments, though positioned toward a more refined, design-forward segment with lower density and stronger long-term rental appeal.
Project Narrative
Development Overview
Le Conde 2 is a high-rise residential development located in BKK1, Phnom Penh’s most established central district. The project offers a range of one- to four-bedroom units with strata title ownership, allowing foreign buyers to legally own property. Amenities include a sky pool, fitness facilities, and concierge services designed to meet the expectations of both end users and long-term tenants.
With approximately 398 units across 60 floors, the development balances scale with a more refined residential positioning compared to high-density projects. It is suited to both lifestyle buyers seeking central living and investors targeting stable rental demand within Phnom Penh’s core urban market.
Investment Thesis
BKK1 remains Phnom Penh’s most established and consistently performing residential district, with demand driven by expatriates, diplomats, and corporate professionals. Limited land availability continues to constrain new supply, supporting long-term pricing stability and sustained rental demand in the area.
At approximately $3,000–$3,500 per sqm, Le Conde 2 is positioned within the upper tier of Phnom Penh’s condominium market while remaining competitive relative to regional capital cities. Typical rental yields in BKK1 range from approximately 6%–8% gross, depending on unit configuration and management.
The project’s central location and unit mix support rental liquidity, particularly for one- and two-bedroom units. As with all off-plan developments, buyers should consider construction timelines, developer execution, and broader market conditions when evaluating investment performance.
ROI Investment Scenario
Illustrative Investment Scenario
Illustrative example based on a well-positioned one-bedroom unit in Le Conde 2, reflecting BKK1 pricing and premium rental demand.
Purchase Price
~$145,000–$165,000
Monthly Income
~$750–$950/mo
Net Yield
~5%–6.5%
Holding Period
5 years
Exit Price
~$170,000–$205,000
5-Year Total ROI
~30%–45%
This scenario assumes a 5-year hold, with returns supported by rental income and moderate capital appreciation in BKK1. Actual performance will vary depending on unit selection, final purchase terms, leasing demand, management quality, and broader Phnom Penh market conditions.
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)
Typical Floor Layout
Le Condé 2 rises as a landmark 60-storey mixed-use luxury development in Phnom Penh’s BKK1 district, combining contemporary high-rise living with curated residential collections inspired by Khmer heritage and modern international design. The tower features a diverse mix of 1 to 5-bedroom residences arranged across multiple residential tiers, with floorplans designed to balance privacy, natural light, efficient circulation, and functional urban living. Centralized lift cores, premium resident amenities, and varied layout configurations create a residential environment suited to both end-users and long-term investors seeking a premium address in one of Phnom Penh’s most established neighborhoods.
Typical Layout
Unit Types & Pricing
2 Bedroom (Core Investment) Unit B
2 Bed • 2 Bath
3 Bedroom (Family / Premium) Unit C
3 Bed • 2 Bath
4 Bedroom (Large Format) Unit D
4 Bed • 3 Bath
5 Bedroom (Penthouse / Sky Villa)
5 Bed • 4 Bath
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
Property Tax
0.1% / year
Monthly Management Fee
~$1.5 – $2.5 / sqm
Total Holding Cost
Moderate–high within Phnom Penh, reflecting premium BKK1 positioning and full-service amenities
Service charges and sinking fund contributions are to be confirmed by the developer. Management fees in Phnom Penh typically range from approximately $1 to $2 per square meter, with higher-end developments reaching above this range depending on amenities and service level.<br />
<br />
Property tax is currently set at approximately 0.1% annually. Rental management (if outsourced) typically ranges from 8%–12% of rental income.<br />
<br />
Buyers should verify final costs, service inclusions, and calculation method (gross vs net area) prior to completion.
Regional Price Comparison
New-Build Condo $/sqm Comparison
Le Conde 2 BKK1
~2,200-$2,700sqm
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
Le Conde 2 is positioned within Phnom Penh’s premium BKK1 segment, where new-build condominium pricing typically ranges from approximately $2,800 to $3,500 per square meter. This places it at a meaningful discount to comparable prime units in Bangkok, which average roughly $5,000–$7,500 per square meter, and Ho Chi Minh City, where similar properties range from $3,500–$4,500 per square meter.
Despite its central location and luxury positioning, Phnom Penh remains one of the lowest entry points for USD-denominated real estate in Southeast Asia, offering relative value compared to more mature regional markets while maintaining similar urban demand dynamics.
Full Remote Setup for Overseas Investors
Purchasing at Le Condé 2 can be completed entirely remotely. IPS Cambodia supports international clients through each step—from unit selection and documentation to contract execution and payment coordination—ensuring a clear and secure process without requiring travel to Cambodia.
Remote Reservation & Unit Selection
Live availability, floor plans, and guidance via WhatsApp or video call
Digital Contract Signing
Sales agreements prepared by the developer and signed securely online
International Payment Support
Step-by-step guidance for bank transfers and payment schedules
Legal & Documentation Handling
Passport submission, contract review, and ownership structuring handled remotely
Post-Purchase Support
Ongoing updates during construction and optional rental management setup
Foreign Ownership: Strata Title Confirmed
Foreign buyers can legally own strata-titled condominium units in Cambodia under freehold ownership. Le Condé 2 is structured to comply with foreign ownership regulations, allowing international investors to purchase, hold, and resell units in their own name. IPS Cambodia works closely with the developer to ensure all documentation is properly prepared and aligned with current regulations.
FAQ
Below are common questions from overseas buyers considering Le Conde 2.
Can foreigners legally own units at Le Conde 2?
Yes. Foreign buyers can legally own strata-title units above the ground floor. Ownership is freehold and protected under Cambodian property law, making it a straightforward structure for international investors.
What is the expected completion timeline?
Le Conde 2 is currently in the pre-sale phase, with estimated completion around 2029. As with all off-plan developments, timelines may be subject to construction progress and developer execution.
What payment structure is available?
Typical payment structures include an initial ~20% down payment followed by staged construction payments, with the remaining balance due upon completion. Exact terms are confirmed at reservation.
What rental yields can investors expect in BKK1?
BKK1 is Phnom Penh’s strongest rental district, with typical gross yields ranging from approximately 6%–8%, depending on unit type, furnishing, and management.
Who are the typical tenants in this area?
The BKK1 area attracts diplomats, NGO professionals, corporate executives, and long-term expatriates. These tenant profiles support stable rental demand and longer lease durations.
How does Le Conde 2 compare to other BKK1 developments?
Le Conde 2 is positioned within the premium segment of BKK1, with pricing broadly aligned to other new luxury developments. Its scale, design positioning, and central location place it among the more prominent new-build projects in the district.
Is this suitable for short-term resale or long-term holding?
This project is generally better suited for medium- to long-term holding. Investors typically target rental income and capital appreciation over a 3–5 year horizon rather than short-term flipping.
What are the main risks to consider?
As an off-plan development, key considerations include construction timelines, developer execution, and broader market conditions. Investors should also account for liquidity timelines in Cambodia’s resale market.
Are units delivered fully furnished?
Most units are delivered with high-quality finishes and partial furnishing, though final specifications vary by unit and developer offering. Full details are provided at reservation.
Can the purchase be completed remotely?
Yes. International buyers can complete the full purchase process remotely using digital signatures. A passport copy is typically required for contract preparation.
Who This Development Is For
Le Condé 2 is best suited to buyers targeting prime BKK1 positioning, long-term rental resilience, and higher-spec product in a pre-sale format with potential upside through completion.
Best Suited For
- Investors targeting BKK1’s most consistent rental demand (expats, NGOs, corporate tenants)
- Buyers comfortable with pre-sale timelines in exchange for pricing advantage
- Those prioritizing central location over emerging or fringe districts
- Investors seeking higher-spec, branded product with stronger tenant appeal
- Buyers focused on long-term hold and capital appreciation in core Phnom Penh
Less Suited For
- Buyers needing immediate rental income from day one
- Investors who only consider completed or stabilized assets
- Highly risk-averse buyers uncomfortable with off-plan development
- Those prioritizing lowest entry price over location quality
- Investors seeking short-term flips without holding through completion
Potential Exit Strategies
- Hold for rental income targeting BKK1’s strongest tenant base
- Resell post-completion as supply tightens in core central districts
- Assign during construction depending on market conditions
- Long-term hold for capital preservation in USD-denominated assets
