Le Condé Phase II BKK1 — Freehold Luxury Serviced Apartments in Phnom Penh
A 63-Storey Landmark in Boeung Keng Kang 1, Cambodia’s Embassy & Corporate District — Hard Title Ownership for Foreign Buyers
Le Condé Phase II is the second and tallest chapter of the Le Condé development in BKK1, Phnom Penh. Rising 198.8 metres over 60 to 63 floors, it delivers only 398 serviced apartments — a deliberately low-density scheme with just six residences per floor. Every unit is handed over fully furnished, decorated and smart-home enabled, on a freehold hard title available to foreign buyers.
The project is developed by Wangfu International Real Estate Development Co., Ltd. and built by Beijing Zhongguancun Construction, a contractor with an estimated market value of USD 1.15 billion. Pre-booking opened on 18 March 2026, with completion scheduled for 2029.
Investment Snapshot
| Developer | Wangfu International Real Estate Development Co., Ltd. |
|---|---|
| Main contractor | Beijing Zhongguancun Construction (~USD 1.15 billion market value) |
| Address | Corner of Street 352 & Street 63, Boeung Keng Kang 1 (BKK1), Phnom Penh |
| Land area | 1,736 sqm |
| Tenure | Freehold / Hard Title — open to foreign buyers |
| Density | 398 units · 6 residences per residential floor |
| Entry price | From approx. USD 158,056 (from ~USD 2,000+ per sqm) |
| Pre-booking fee | USD 1,000 |
| Launch · Completion | Pre-booking since 18 March 2026 · Completion 2029 |
Why BKK1 — the Crown Jewel of Phnom Penh
Boeung Keng Kang 1 is Phnom Penh’s premier address: the city’s embassy quarter and the district of choice for multinational headquarters, international law and consulting firms, NGOs and senior expatriate management.
For an investor this translates into three concrete advantages: a deep, salary-backed tenant pool of diplomats and corporate expatriates, rental rates at the top of the national scale, and the strongest resale liquidity in Cambodia — BKK1 is the one district international buyers ask for by name.
Land in BKK1 is essentially built out. Genuinely new, foreign-eligible freehold supply at this scale is rare, which underpins long-term value.
| Nearby | Type | Distance |
|---|---|---|
| Embassy cluster (US, UK, France, Australia, Japan) | Diplomatic | Walking distance |
| Independence Monument | Landmark | ~5 min |
| Aeon Mall 1 | Shopping & dining | ~7 min |
| Royal Palace & Riverside | Landmark / leisure | ~10 min |
| International schools (ISPP, Northbridge) | Education | 10–20 min |
| Royal Phnom Penh Hospital | Healthcare | ~12 min |
| Phnom Penh International Airport | Airport | ~25 min |
Architecture — A Vertical Khmer Narrative
The tower’s silhouette is drawn from the Romduol flower, Cambodia’s national flower. The layered floor plates open outward like petals, giving each residence wide frontage, cross-ventilation and long views over the capital.
Behind the symbolism sits a very practical design decision: with only six units per residential floor, lift waiting times stay short, corridors stay quiet and privacy is preserved — the profile serious owner-occupiers and long-stay corporate tenants expect.
Four Collections, One Tower
Residences are organised into four culturally named tiers, rising in exclusivity with altitude.
Romdoul Collection
Entry-level residences into the tower — the most accessible price point in BKK1 for a fully furnished freehold unit.
Angkor Collection
Mid-rise floors with open city outlooks, the sweet spot for rental yield and tenant demand.
Preah Vihear Collection
High-floor residences with panoramic skyline and Mekong-side horizons, upgraded finishes.
Devaraja Collection
Premium residences and penthouses, 3.5 m ceilings and the tower’s most exclusive floor plans.
Residences & Handover Standard
Units run from 1-bedroom to 5-bedroom residences and penthouses, from 73 sqm gross up to 369 sqm gross. Ceiling heights are 3.2 m on standard residential floors and 3.5 m on penthouse levels.
| Configuration | Gross area | Positioning |
|---|---|---|
| 1-bedroom | from 73 sqm | Highest rental liquidity — expat professionals & corporate lets |
| 2-bedroom | mid-range | Couples, small families, long-stay corporate tenants |
| 3–4 bedroom | large formats | Family residences, diplomatic and executive housing |
| 5-bedroom penthouse | up to 369 sqm | Devaraja Collection — trophy assets, 3.5 m ceilings |
Delivered investor-ready
- Fully furnishedComplete furniture package plus a custom decoration package included in the price — rentable from day one.
- Deluxe interior finishesHigh-specification materials throughout, with built-in wardrobes in every bedroom.
- Island kitchenModern layout with island counter and built-in oven — a rarity in the Phnom Penh condo market.
- Xiaomi Smart HomeFull smart-home integration — Cambodia’s pioneering automated residential technology.
- Central air-conditioningInstalled throughout the entire unit, not split units per room.
- Private balconiesFor the master bedroom and secondary bedrooms.
Over 8,000 sqm of Amenities Across 6 Floors
- Rooftop Sky BarPanoramic entertaining above the Phnom Penh skyline.
- Infinity Sky PoolRooftop pool with uninterrupted city views.
- Fitness CenterState-of-the-art equipment and an active lifestyle zone.
- Yoga & Tennis roomsDedicated studios for daily practice and indoor sport.
- Steam, Sauna & JacuzziPremium recovery and relaxation suites.
- 1,000 sqm Sky GardenImmersive elevated greenery inside the tower.
- 240 m Sky Jogging TrackElevated running loop — train without leaving the building.
- Executive lounges & co-workingBusiness-grade meeting and working spaces.
- Library & social clubsBoutique reading rooms and resident club spaces.
- 24/7 security & conciergeTop-tier professional service standards.
Gallery
Images are developer renders of Le Condé Phase II; finishes and views may vary by unit and floor.
Why Investors Choose Le Condé Phase II
| Ownership | Freehold hard title — full, permanent ownership registered in the buyer’s name, available to foreigners on strata floors. |
|---|---|
| Location premium | BKK1, the embassy and multinational corporate district — the strongest rental and resale market in Cambodia. |
| Scarcity | Only 398 units, 6 per floor, on a fully built-out district where new freehold supply is limited. |
| Entry point | From approx. USD 158,056 (~USD 2,000+ per sqm) — competitive against comparable regional capitals. |
| Rental readiness | Fully furnished and decorated at handover, with smart home and central A/C — no fit-out capex. |
| Currency | Cambodia is a USD-denominated market: prices, rents and exits are all in US dollars, with no local-currency risk. |
| Track record | Second phase of an established development, built by a contractor valued at ~USD 1.15 billion. |
Frequently Asked Questions
Can foreigners own a unit at Le Condé Phase II?
Yes. Cambodian law allows foreign nationals to own strata-title units above the ground floor, on a freehold hard title. Ownership is permanent and registered in your own name — no nominee, no company structure, no lease term.
What is the entry price and the booking process?
Prices start from approximately USD 158,056 (from around USD 2,000 per sqm). A unit is reserved with a USD 1,000 pre-booking fee, followed by the Sale & Purchase Agreement and the developer’s staged payment plan. We send you the current price list and payment schedule on request.
When is completion?
Completion is scheduled for 2029. Pre-booking opened on 18 March 2026, so the earliest phases of inventory offer the best price levels and floor selection.
Is the unit furnished?
Yes. Every residence is handed over with a full furniture package and a custom decoration package, deluxe finishes, built-in wardrobes, an island kitchen with built-in oven, central air-conditioning and Xiaomi smart-home integration.
Can I rent the unit out?
Yes. BKK1 is Cambodia’s strongest rental market, driven by embassy staff, multinational executives and international organisations. Units are rentable immediately on handover, and professional management can be arranged.
Can I buy remotely?
Yes. Reservation, contract signature and payments can all be handled remotely with e-signature, power of attorney and international bank transfers in USD. We coordinate the entire process in English.
What is the difference with Le Condé Phase 1?
Phase II is the taller, later and lower-density tower: 60–63 floors against 43, only 398 units at six per floor, larger formats up to 369 sqm penthouses, higher ceilings and more than 8,000 sqm of amenities spread across six floors.
Request the Investor Pack
Price list, floor plans, payment schedule and availability by collection — 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.