TL;DR: ODOM is a mixed-use luxury development in Phnom Penh — a 45-storey office tower with strata-title units, serviced residences, 9,500 m² of retail, and an IHG Vignette Collection hotel. Developer ULS offers a Guaranteed Rental Return of 8% per year for 5 years plus a 110% buyback — totalling up to 150% return on investment. Completion: September 2026.

What makes ODOM different from other Phnom Penh developments?

The Cambodian commercial real estate market has historically been a lease-only market. Buying an individual office unit in freehold was simply not an option for most investors. ODOM changes this.

The complex consists of: - ODOM Tower — 45 floors, 43,000 m² of office space available under strata-title ownership - ODOM Living — residential block on floors 22–30, 18,000 m² - Odom Square — a 5-storey podium with 9,500 m² of retail and F&B - IHG Vignette Collection Hotel — an internationally recognised hospitality brand - Odom Society — a members-only private club on the upper floors and rooftop

Location: 160B Preah Norodom Boulevard, central Phnom Penh. Construction started April 2023; completion scheduled for September 2026.

Who is behind ODOM: developer, architect, and operator

Developer: Urban Living Solutions (ULS), founded in 2016 by Leang Kean. ODOM is ULS's seventh project — and by far the most ambitious. Six prior developments were delivered on schedule, which carries weight in the Cambodian market.

Architect: Kite Studio Architecture (Singapore), led by Khairudin Saharom. Structural and MEP engineering by Meinhardt Consultants (Singapore/Cambodia). Property management by CBRE Cambodia.

A standout design feature: six 'Sky Villages' — communal spaces distributed vertically through the tower, inspired by Angkor temple architecture. Each level provides co-working areas, meeting rooms, and shared kitchens.

The investment structure: how the 150% return is calculated

ULS offers two components for OT08 office units:

GRR (Guaranteed Rental Return): 8% per annum on the purchase price, paid quarterly in advance over 5 years. All operating costs during this period are borne by the developer.

GBB (Guaranteed BuyBack): the developer commits to repurchase the unit at 110% of the original purchase price at the end of the 5-year period.

Combined: 40% (GRR over 5 years) + 110% (GBB) = 150% total return on capital invested.

Selected units at May 2024 prices (source: ULS):

Unit Area Price Total Return
OT08-08 62 m² $227,861 $341,792
OT08-06 68 m² $252,128 $378,192
OT08-03 98 m² $364,747 $547,121
OT08-11 148 m² $579,616 $869,424
OT08-01 217 m² $864,697 $1,297,046

⚠️ Prices as of May 2024. Verify current pricing and availability directly with ULS.

Office units: who is the target occupier?

ODOM Tower targets embassies, multinational corporations, law firms, management consultancies, and mid-sized businesses requiring a prestigious central Phnom Penh address.

Unit sizes range from 62 m² to 254 m² for standard units, with full-floor options up to 1,515 m². Technical spec includes AI-operated lifts, raised floors, and a shared kitchen on every floor — Grade A standard by regional benchmarks.

Strata-title ownership means the investor holds title to a specific unit, with full rights to sell, transfer, or lease independently.

ODOM Living: branded residences above the business district

The residential block (floors 22–30) offers 18,000 m² across four layouts: - 1BR: 78–80 m² - 2BR: 111–132 m² - 3BR: 196 m² - 4BR: 262 m²

Finishes include Samsung smart locks, La Maison De Dietrich kitchens, Kohler bathroom fixtures, hardwood flooring, and double balconies. A Sky Bridge at 60 metres above ground connects the residential block to the office tower. The development is pet-friendly.

FAQ

Q: Can foreigners own strata-title property in Cambodia? A: Yes. Under Cambodian law, foreign nationals can hold strata-title ownership of units above ground level in stratified buildings. This is distinct from leasehold and represents direct, registered ownership of a specific unit.

Q: How realistic is the 110% Guaranteed BuyBack? A: The GBB is a contractual obligation of ULS as a developer. Its enforceability depends on ULS's financial position in 2031 and beyond. Investors should review ULS's track record across its six completed projects and seek independent legal advice under Cambodian property law before committing.

Q: When do GRR payments start and how are they structured? A: Per ULS terms (May 2024), payments are made quarterly in advance from the date specified in the purchase agreement. All operating expenses during the GRR period are covered by the developer — not the investor.

Q: What is the minimum investment in ODOM office units? A: The smallest unit in the OT08 schedule is 62 m² at $227,861 (May 2024 pricing). This is the entry point for strata-title office ownership at ODOM. Current availability and pricing should be confirmed with ULS directly.

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