Le Condé 2 — BKK1: Review, Investment Terms & Market ComparisonTL;DR: Le Condé 2 is a 63-floor luxury residential tower in BKK1, Phnom Penh. Pre-booking launched March 18, 2026. Entry price: $2,000–$3,000/sqm, interest-free installment up to 54 months, Guaranteed Rental Return (GRR) of 8% per year for 3 years — totaling 24% over the guarantee period. Pre-booking deposit from $1,000.
Data as of June 2026. Developer terms are subject to change — verify before booking.
What Is Le Condé 2 and Why Does BKK1 Matter?
BKK1 (Boeung Keng Kang 1) is Phnom Penh's most prestigious central district — home to embassies, multinational offices, upscale dining, and international hotels. It consistently attracts the highest rental demand among expatriates and foreign professionals in Cambodia.
Le Condé 2 rises directly next to the already-delivered Le Condé 1, built by the same developer. The project specs:
- 60–63 floors, 398 luxury residences
- Land plot: 1,736 sqm
- Unit types: 1BR (from 70 sqm) to 5BR penthouses
- Design concept inspired by the Rumdul — Cambodia's national flower
- Ceiling height: 3.2 m standard, 3.5 m in penthouses
- Central air conditioning, fully furnished
- Estimated completion: 2029–2030
Financial Terms: What the Developer Is Offering
Le Condé 2 is structured for investors from the ground up:
| Parameter | Terms |
|---|---|
| Pre-booking deposit | from $1,000 |
| Price per sqm | $2,000–$3,000 |
| Installment plan | up to 54 months, 0% interest |
| GRR | 8% per annum × 3 years |
| Total GRR return | 24% over guarantee period |
The 54-month installment matters. The Cambodian market standard is 36–40 months. The extended zero-interest period significantly reduces capital pressure during construction — a meaningful advantage for leveraged buyers.
GRR of 8% is a contractual commitment from the developer, not a market forecast. It means your rental income is guaranteed regardless of actual occupancy during the first three years post-handover.
How Does Le Condé 2 Compare to BKK1 Competitors?
The premium BKK1 segment in 2026:
| Project | Price/sqm | GRR | GRR Term | Completion |
|---|---|---|---|---|
| Le Condé 2 | $2,000–3,000 | 8% | 3 years | 2029–2030 |
| Wyndham Garden / UC88 | $2,700 | 6% | 10 years | Q3 2026 |
| G.A.T.O Tower | $3,000 (net) | — | — | 2030 |
| Time Square 9 / The Gatsby | $1,600–1,800 | — | — | Q2 2029 |
Key takeaways: - Wyndham Garden offers a longer guarantee window (10 years), but at a lower rate (6%) and higher entry price ($2,700/sqm). - G.A.T.O Tower carries no rental guarantee at a higher price point. - Time Square 9 is cheaper on entry but comes with zero rental guarantees.
Le Condé 2 positions itself as luxury-tier at a below-market entry price, with above-market guaranteed yield at launch.
Le Condé 2 vs. Le Condé 1: Why the Sequel Wins on Paper
Investors familiar with Le Condé 1 often ask: why buy the second phase? The differences are material:
- Price: $2,000/sqm vs. $2,900+ in Le Condé 1
- Installment: 54 months vs. standard 36–40
- Architecture: new identity inspired by the Rumdul flower
- Engineering: updated systems and specifications
- Ceilings: 3.2–3.5 m (per developer data)
The location is identical — BKK1 — and the developer's track record is visible next door. That reduces one of the key risks in off-plan investing: developer credibility.
Project Infrastructure and Concept
Le Condé 2 is a mixed-use luxury development, not a standard residential tower. On-site amenities include:
- Expo Centre — dedicated exhibition and event space
- Business Networking Zone — for residents and invited guests
- Fashion Show Space — premium event venue
- Full luxury-segment amenity package
The Rumdul concept shapes everything from the façade to interior finishes — a coherent architectural identity that sets the project apart in the premium segment.
What to Watch Before You Buy
Le Condé 2 presents a compelling case, but objective analysis requires flagging the following:
- GRR is a developer obligation, not a state guarantee. Review the developer's track record and contract terms carefully.
- Completion in 2029–2030 carries standard off-plan construction risk.
- Cambodia's regulatory environment for foreign ownership is stable but evolving — legal due diligence is non-negotiable.
- $2,000/sqm is the entry-level price — upper floors and penthouses will be priced toward $3,000+.
FAQ
Q: When did pre-booking for Le Condé 2 open? A: Pre-booking launched on March 18, 2026, with a $1,000 entry deposit. Full sales started the same month. Completion is projected for 2029–2030.
Q: What is GRR and how does it work in Le Condé 2? A: GRR (Guaranteed Rental Return) is a contractual commitment from the developer to pay a fixed rental yield regardless of actual occupancy. Le Condé 2 offers 8% per annum for 3 years post-handover, totaling 24% over the guarantee period.
Q: Can foreigners buy property in Le Condé 2? A: Yes. Foreign nationals can hold strata title ownership of apartments in Cambodia. Land ownership remains under Cambodian jurisdiction. Legal review prior to purchase is strongly recommended.
Q: How does Le Condé 2 compare to Wyndham Garden BKK1? A: Le Condé 2 offers a lower entry price ($2,000 vs. $2,700/sqm), higher GRR rate (8% vs. 6%), and longer installment terms (54 vs. ~36 months). Wyndham provides a longer guarantee window (10 years) and an earlier completion date (Q3 2026).
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