About This Development
Norea Square Condominium | 3 BR Units | Phnom Penh
Norea Square Condominium is an early residential opportunity within OCIC’s broader Norea City waterfront expansion in Phnom Penh. Positioned in Koh Norea, the project combines lower entry pricing, structured financing options, and a shorter projected delivery timeline than many comparable launches, creating a different pathway into the city’s evolving residential market.
- OCIC-backed master-planned district
- Structured financing and long-term loan options
- Entry pricing below many central Phnom Penh launches
- Emerging waterfront location in Koh Norea
- Estimated 30-month construction timeline
- 1–3 bedroom residence mix
Project Overview
Entry Price
From $61,543
From final discounted launch pricing (paid-off option)
Price / SQM
$1,254/sqm
Based on discounted launch pricing
Deposit
10%
From US$1,000 booking with financing pathways available
Status
Off-Plan
Launched June 2026 • Construction underway
Floors
26
Residential tower with clubhouse and rooftop amenities
Title
Foreign Ownership Eligible
Condominium ownership structure (confirm strata title)
Size Range
49–147 sqm (gross)
38–115 sqm (net)
Beds
1–3 Bed
4 unit types
Developer
Norea City (OCIC)
Part of the broader Norea City masterplan by OCIC
Completion
est 2029
Estimated completion December 2028 • contractual grace period applies
Amenities
Pool • Fitness • Steam • Sauna • Clubhouse • Rooftop Sky Garden
→ Explore 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
Norea Square is located within Koh Norea — an emerging waterfront district positioned across the river from Phnom Penh’s established urban core. The location combines proximity to central neighborhoods with longer-term district growth, supported by expanding infrastructure and improved connectivity.
Koh Norea Bridge
Primary connection to central Phnom Penh
Norea Parkway
Emerging waterfront lifestyle corridor
Coconut Park
Public recreation and green space
Koh Pich
Established mixed-use district nearby
AEON Mall Phnom Penh
Major retail and services destination
BKK1
Phnom Penh’s established urban core
Neighborhood Profile
BKK3 Investment Profile
Tenant profile: Young professionals • Local owner-occupiers • Emerging waterfront residents
Rental demand: Emerging residential demand supported by district growth and improving connectivity
Key draws: OCIC backing • Financing flexibility • Earlier market entry • Waterfront positioning
Connectivity: Koh Norea Bridge • Norea Boulevard • Improving access to central Phnom Penh
Comparable: Kingston Royale • Time Square 11 • Early-stage waterfront launches
Project Narrative
Development Overview
Norea Square Condominium is a new residential development located within Norea City — OCIC’s emerging mixed-use waterfront district on the eastern edge of Phnom Penh.
Rather than operating as a standalone residential tower, the project forms part of a broader neighborhood vision that combines residential growth, infrastructure investment, and improved connectivity across the river. As the surrounding district develops, the area is expected to gradually evolve into a more complete urban environment with residential, commercial, and lifestyle components.
The project offers one- to three-bedroom residences across a range of unit sizes intended to appeal to both owner-occupiers and investment-oriented buyers. Amenities focus on everyday usability rather than resort positioning, including a clubhouse, fitness facilities, pool, wellness spaces, and rooftop common areas.
One of the project’s more distinctive features is its financing structure. Multiple payment pathways and longer-term loan options provide buyers with additional flexibility compared with traditional full-cash deployment models, allowing some investors to preserve liquidity while entering earlier into the market cycle.
With construction underway and an estimated 30-month timeline, Norea Square may appeal to buyers seeking exposure to a growing district while maintaining a medium-term investment horizon.
Investment Thesis
Norea Square represents a different investment profile from Phnom Penh’s more established central districts. Rather than buying into a mature neighborhood at a later stage of pricing, buyers here are positioning within a broader district expansion backed by OCIC’s long-term development of Norea City.
The opportunity is less about immediate rental optimization and more about gaining earlier exposure to a developing urban area while maintaining greater flexibility in capital deployment. Structured payment options and longer-term financing availability may allow some buyers to preserve liquidity while participating earlier in the market cycle.
With construction underway and an estimated 30-month delivery timeline, the project may appeal to buyers seeking a medium-term hold within an emerging waterfront location rather than a stabilized income asset.
ROI Investment Scenario
Illustrative Investment Scenario
Illustrative scenario only — based on entry pricing and a medium-term holding approach. Actual returns depend on purchase structure, financing, rental performance, market conditions, and exit timing.
Purchase Price
US$61,500
Monthly Income
US$320–420
Net Yield
4.5–5.5%
Holding Period
5 Years
Exit Price
US$75K–85K
5-Year Total ROI
Illustrative only • Moderate appreciation scenario
Norea Square is better viewed as a medium-term district positioning strategy than a pure yield play. The investment thesis centers on entering earlier within Koh Norea’s broader development cycle while maintaining capital flexibility through structured payment pathways and financing availability. Rental performance may strengthen as surrounding infrastructure and residential activity mature, though near-term outcomes should be evaluated conservatively.
Developer: Norea City (OCIC)
Norea Square Condominium is developed by Norea City under OCIC (Overseas Cambodian Investment Corporation), one of Cambodia’s most established private development groups.
Rather than focusing on a single residential asset, OCIC is known for delivering larger-scale urban projects that combine infrastructure, residential, commercial, and public realm components across Phnom Penh.
For Norea Square, the developer story extends beyond the building itself. The project sits within the broader Norea City vision — a long-term waterfront district intended to create a more connected residential environment supported by surrounding development and infrastructure investment.
For investors, this may provide a different risk profile than standalone launches, with the surrounding district becoming part of the broader investment thesis.
Developer
OCIC
District
Norea City
Project Type
Master-Planned
Financing
Loan Available
Developer Track Record
OCIC is among Cambodia’s larger private development groups and has participated in projects spanning residential communities, commercial assets, infrastructure, and mixed-use urban districts.
Within Phnom Penh, the company is associated with long-term city-building initiatives rather than isolated developments, making district creation an important part of the Norea Square narrative.
For buyers evaluating the project, developer capability and surrounding infrastructure delivery may become as important as the individual tower itself.
Lifestyle & Facilities
Amenities
Norea Square focuses on practical shared amenities designed around everyday residential use rather than resort-style programming. Wellness, social space, and rooftop common areas form the core of the resident experience while supporting a more connected neighborhood lifestyle.
Swimming Pool
Fitness Center
Steam Room
Sauna
Clubhouse Lounge
Resident Social Spaces
Secure Access & Lobby
Typical Floor Layout
Norea Square combines dedicated resident amenities with a straightforward residential tower layout. Lower levels accommodate arrival and parking, followed by a clubhouse level and residential floors above, culminating in a rooftop sky garden designed as shared outdoor space overlooking the surrounding district.
Typical Layout
Unit Types & Pricing
1 Bedroom • Type 1A
1 Bed • 1 Bath
Entry-level layout with lower capital requirements and financing availability
1 Bedroom • Type 1B
1 Bed • 1 Bath
Expanded one-bedroom layout with additional internal area
2 Bedroom • Type 2A
2 Bed • 2 Bath
Balanced owner-occupier and investment configuration
3 Bedroom • Type 3A
3 Bed • 3 Bath
Largest residence type with skyline and river orientation
Payment Plan
Flexible Purchase Structures
Down payment: From US$1,000 booking or complete 10–20% depending on structure
Construction installments: Multiple pathways including staged construction payments and financing options
Handover balance: Available through cash settlement or loan structure depending on selected plan
Early bird: Launch pricing includes discounts up to 12% Paid-off option includes additional incentive
Price escalation: Promotional pricing subject to availability and sales phases
Norea Square offers several purchase pathways designed around different investor preferences rather than a single fixed payment schedule.
Buyers may choose between staged cash payments, partial financing, or accelerated settlement options. Financing availability and promotional pricing can reduce upfront capital requirements while preserving liquidity during construction.
Loan examples currently reference terms of up to 25 years through Canadia Bank with promotional periods applicable at launch.
Indicative Holding Costs
Beyond purchase price, ongoing ownership costs can influence long-term returns and rental performance. The figures below are indicative only and intended to help investors evaluate annual carrying costs alongside financing and operating assumptions.
Service Charge
Approx. US$1.15/sqm/month (gross area)
Sinking Fund
To be confirmed upon handover
Property Tax
Subject to Cambodian property tax regulations and assessed value
Monthly Management Fee
Third-party building management anticipated • final structure at handover
Total Holding Cost
Generally moderate relative to comparable regional markets
Illustrative operating figures currently reference approximately US$1.15 per sqm monthly management charges, with utilities and parking billed separately.<br />
<br />
Additional costs may include:<br />
• Car parking (~US$40/month)<br />
• Motorbike parking (~US$10/month)<br />
• Water (~US$0.75/m³)<br />
• Electricity (~US$0.25/kWh)<br />
<br />
Actual charges remain subject to confirmation by property management upon completion and handover.
Regional Price Comparison
New-Build Condo $/sqm Comparison
US$1,250–1,300/sqm
Norea Square • Koh Norea
US$2,000–3,500+/sqm
Ho Chi Minh City Residential
US$2,500–3,500+/sqm
Central Phnom Penh (Prime Districts)
US$2,500–4,500+/sqm
Kuala Lumpur New-Build Residential
US$4,000–8,000+/sqm
Bangkok Core Residential
US$6,000–12,000+/sqm
Singapore Residential
Regional pricing is illustrative and intended to provide broad context rather than direct equivalency. Differences in location maturity, infrastructure, ownership structure, financing availability, and market conditions can materially affect pricing and investment outcomes.
For Norea Square, the comparison is less about matching established regional markets and more about understanding relative entry positioning within an earlier-stage urban district.
Small change from Time Square:
I intentionally used Central Phnom Penh instead of BKK1 so the comparison doesn’t feel like we’re selling against our own listings.
Full Remote Setup for Overseas Investors
International buyers can typically complete much of the acquisition process remotely with guidance through reservation, documentation, payment coordination, and ownership setup. Financing pathways and staged payment structures may also reduce upfront capital requirements compared with full-cash purchases.
Remote Reservation
Secure and reserve from overseas
Digital Documentation
Guided SPA and purchase process
Flexible Payment Options
Cash and financing pathways available
Investor Support
Assistance before and after completion
Foreign Ownership & Remote Purchase Process
Cambodia permits foreign ownership of eligible condominium units above the ground floor through strata title ownership structures.
For overseas buyers, the typical process generally includes reservation, SPA execution, staged payments, and handover coordination. Many steps can be completed remotely depending on documentation requirements and developer procedures.
For Norea Square specifically, financing and staged payment structures may provide additional flexibility for buyers who prefer not to deploy full capital upfront.
Ownership structure, financing eligibility, and legal requirements should always be confirmed prior to purchase.
FAQ
Common questions about ownership, financing, timing, and how Norea Square fits within Phnom Penh’s evolving residential market.
Can foreigners buy at Norea Square?
Foreign buyers may generally purchase eligible condominium units above the ground floor under Cambodia’s condominium ownership framework. Ownership eligibility should always be confirmed during reservation and SPA review.
Is financing available?
Norea Square offers multiple purchase structures including financing pathways and longer-term loan options. Availability, eligibility, and promotional terms remain subject to approval and current program conditions.
Why are investors considering Koh Norea?
Koh Norea represents an emerging waterfront district supported by broader infrastructure and surrounding development activity, creating a different investment profile from more established Phnom Penh neighborhoods.
What unit sizes are available?
The project currently offers one- to three-bedroom layouts ranging from approximately 49–147 sqm gross.
Is this better for rental income or capital appreciation?
Norea Square is generally positioned as a medium-term district growth opportunity rather than a pure income strategy, though outcomes depend on purchase structure, market conditions, and future rental demand.
Information shown is indicative only and may change throughout the sales process. Buyers should confirm pricing, specifications, financing, ownership structure, and contractual details prior to purchase.
Who This Development Is For
Norea Square may appeal to buyers who prioritize earlier district positioning, flexible capital deployment, and exposure to Phnom Penh’s evolving waterfront expansion rather than immediate stabilized income. The project is generally better suited to medium-term investors and buyers comfortable participating during an area’s growth phase.
Early District Investors
- Seeking exposure before full neighborhood maturity
Flexible Capital Buyers
- Prefer staged payments or financing over full upfront deployment
Medium-Term Hold Investors
- Targeting district growth over immediate yield
Potential Exit Strategies
- Sell upon completion into a more established district phase
- Hold for rental income after neighborhood maturation
- Refinance following construction completion
- Long-term ownership within a growing waterfront corridor
