TL;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.

Le Condé 2 — BKK1: Review, Investment Terms & Market Comparison

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:

  1. GRR is a developer obligation, not a state guarantee. Review the developer's track record and contract terms carefully.
  2. Completion in 2029–2030 carries standard off-plan construction risk.
  3. Cambodia's regulatory environment for foreign ownership is stable but evolving — legal due diligence is non-negotiable.
  4. $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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