Le Condé BKK1: Smart City Residences in Phnom Penh's Most Prestigious District
Fully furnished studios to 3-bedroom residences in a 43-storey landmark tower — 100% foreign ownership, from USD 94,500.
Le Condé BKK1 is a landmark 43-storey mixed-use tower in Boeung Keng Kang 1 — the diplomatic, financial and residential heart of Phnom Penh. Developed by Wangfu International Real Estate Development Co., Ltd. and managed by Hopetree Japan, it delivers fully furnished, smart-home residences in the one district of the capital where expat and corporate tenants actually want to live.
For an international buyer the case is simple: a completed, ready-to-occupy building (no construction risk), strata title with 100% foreign ownership, a USD-denominated economy, entry pricing from USD 94,500, and a tenant pool of embassies, NGOs, banks and regional headquarters concentrated within a few streets.
Interested in Le Condé BKK1?
Request the investor pack: live availability, floor plans, full price list, rental projections and the purchase process — handled remotely, in English.
Request the investor pack WhatsApp usThe Project — A Vertical Landmark for BKK1
Rising 43 storeys above BKK1, Le Condé was designed as the new architectural reference of the capital. Its silhouette, materials and tropical detailing pay tribute to New Khmer Architecture and the legacy of Vann Molyvann, while the interiors follow international five-star standards.
- 43 floors, mixed-use: residences, amenities, retail and parking
- Studios, 1, 2 and 3-bedroom residences
- Delivered fully furnished and equipped
- Full IoT smart-home layer in every unit
- Private balconies with skyline and Mekong views
- Managed by Hopetree Japan
- Available for sale and long-term leasing
The Residences
Smart Studio
Efficient, fully furnished studio with kitchenette, workspace and smart-home control. The easiest unit to rent in BKK1 and the lowest ticket into the building.
1 Bedroom
The classic long-let format for expatriate professionals: separate bedroom, full kitchen and a balcony over the city. Strong, stable rental demand year-round.
2 Bedrooms
Generous layout for couples, small families and executive tenants relocating to Phnom Penh — the format most often taken on company leases.
3 Bedrooms
The signature residences of the tower: wide living spaces, panoramic city and river views, and the strongest resale profile in the building.
Live availability, exact areas, floor plans and the current price list are shared on request — units release regularly.
Interiors & Smart-Home Standard
Every residence is handed over turnkey: high-end furniture, European-style kitchen with premium appliances, built-in storage, air conditioning, designer lighting and finished bathrooms. Nothing to buy, nothing to specify — the unit can be occupied or listed the week you complete.
On top of that sits a full IoT smart-home system: lighting, climate, smart-lock access and security are controlled in real time from a single app, whether you are in the apartment or on the other side of the world.
- Turnkey interiorsFurnished & equipped
- Smart homeApp-controlled IoT
- European kitchensPremium appliances
- Private balconiesSkyline & river views
- Air conditioningAll rooms
- Biometric accessSecure entry
- ConciergeHotel-style reception
- Japanese managementHopetree Japan
Sky-High Amenities
Le Condé is designed as a self-contained lifestyle destination — wellness, productivity and leisure stacked vertically above the city, with facilities you would normally only find in a five-star hotel.
- Infinity sky poolRooftop, 360° views
- Sky barSunsets over the Mekong
- Business lounge32nd floor, co-working
- Fitness centreCardio, weights, functional
- Yoga studioDedicated wellness room
- Jogging trackRooftop open-air loop
- Sky parkLandscaped gardens
- Secure parkingMulti-level, 24/7 CCTV
A building that works for tenants
Amenities are not decoration in this market — they are what makes a BKK1 unit rent quickly and at the top of its band. Expat tenants compare buildings on the pool, the gym, the workspace, the security and the quality of the management team, and Le Condé is positioned at the top of each of those lists.
Day-to-day operation by Hopetree Japan means Japanese service standards on maintenance, common areas and owner reporting — a meaningful differentiator in Phnom Penh.
Location — The Heart of BKK1
Boeung Keng Kang 1 is Phnom Penh's most established address: embassies, international schools, hospitals, the city's best restaurants and cafés, and the head offices of most banks and international organisations, all within a walkable few blocks.
It is the district where expatriates, diplomats and senior staff are housed by default — which is exactly why rental demand there is deeper and far more stable than in the newer peripheral developments.
Land in BKK1 is effectively built out. New towers of this standard are rare, and that scarcity supports both occupancy and resale.
| Destination | Type | Distance |
|---|---|---|
| BKK1 cafés, restaurants & retail | Daily life | Walking distance |
| Embassies & international organisations | Business | Walking distance |
| Independence Monument | Landmark | ~5 min drive |
| Royal Palace & riverside | Landmark | ~10 min drive |
| Aeon Mall 1 | Shopping | ~8 min drive |
| International schools | Education | 5–15 min drive |
| Royal Phnom Penh Hospital | Healthcare | ~15 min drive |
| Phnom Penh International Airport | Airport | ~30 min drive |
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Investment & Purchase Terms
| Entry price | From USD 94,500 (smart studio). Larger formats quoted on the current price list. |
|---|---|
| Ownership | Strata title — 100% foreign ownership is permitted for units from the first floor upwards, in the buyer's own name. |
| Currency | Prices, rents and transactions in US dollars — no local-currency exposure. |
| Status | Completed — ready to move in. No construction risk, no waiting for handover. |
| Delivery | Fully furnished and equipped, smart-home integrated. |
| Developer | Wangfu International Real Estate Development Co., Ltd. |
| Management | Hopetree Japan — Japanese property and concierge management. |
| Tenant profile | Embassies, NGOs, banks, regional headquarters and senior expatriate staff based in BKK1. |
| Exit | Resale of the strata title at any time, or long-term rental with management in place. |
Why Phnom Penh — and Why BKK1 — Right Now
- A dollarised economy. Buying, renting and selling all happen in USD, which removes the currency risk that weighs on many emerging-market purchases.
- Genuine foreign ownership. Cambodia's strata-title law lets a foreign buyer hold the unit outright, in their own name — no nominee, no lease structure.
- A concentrated tenant pool. BKK1 houses the diplomatic and corporate community; demand for quality furnished units is continuous rather than seasonal.
- Yields above regional capitals. Entry prices remain far below Bangkok, Ho Chi Minh City or Kuala Lumpur, while BKK1 rents are quoted in dollars.
- No construction risk. The building is finished and operating — you can inspect the actual unit and start earning immediately.
- Scarce prime supply. BKK1 is effectively built out; new towers of this standard are unlikely to be replicated on this land.
Ready to Explore Le Condé BKK1?
We will send you the live availability list, floor plans, prices, rental projections and the step-by-step purchase process for foreign buyers.
Request the investor pack WhatsApp usFrequently Asked Questions
Can a foreigner really own a unit in their own name?
Yes. Cambodia's Foreign Ownership Law allows non-Cambodians to hold strata title on units located from the first floor upwards, up to 70% of a building's private area. The title is registered in your name and can be sold, rented or inherited.
What is the entry price?
Smart studios start from USD 94,500 fully furnished. One, two and three-bedroom residences are quoted on the current price list, which we send with the investor pack.
Is the building finished?
Yes — Le Condé BKK1 is completed and operating. Units are ready to move in, so there is no construction risk and rental income can start immediately.
What is included in the price?
The unit is delivered turnkey: furniture, European-style kitchen with appliances, air conditioning, built-in storage, lighting, finished bathrooms and the IoT smart-home system.
Who manages the apartment if I do not live in Cambodia?
Hopetree Japan operates the building, and a rental management arrangement can be put in place to handle tenants, check-in, maintenance and owner reporting so the unit generates income remotely.
Can I buy remotely?
Yes. Reservation, due diligence, contract and payment can be completed remotely with a power of attorney and international bank transfer. We coordinate the process with the developer and an independent local lawyer.
What rental return can I expect?
BKK1 furnished units are typically let on long leases to expatriate and corporate tenants in USD. Actual returns depend on the unit, the rent achieved and management fees — we share the current rental comparables in the investor pack.
How many units are available?
Availability changes regularly across the 43 floors. Request the pack and we will send you the current live list with prices, floors and layouts.
Request the Investor Pack
Current price list, available units, floor plans, rental comparables and the purchase process for foreign buyers — sent by email, usually within 24 hours (Monday to Saturday).
Talk to us directly
Prefer a call or a message? We answer in English and French.