We would describe this honestly as a higher-end BKK1 purchase. It makes sense for buyers who want a strong BKK1 address, a more exclusive building with good design, and a furnished handover. It makes less sense for buyers whose main priority is the cheapest entry price per square metre or the highest possible day-one yield.

Project facts

Here's a quick snapshot of the most important facts and details about Le Condé 2:

Building design and the four residential collections

Le Condé 2 is designed around the Romduol flower, Cambodia's national flower, with the rooftop form meant to echo the shape of the flower when viewed from above. The more interesting design idea is on the inside. The tower is organized as a vertical progression through four residential collections, each tied to a different Khmer cultural reference. As the building rises, the floor plate gets smaller, the residences get larger, and the density drops. The result is a clear internal hierarchy instead of 63 identical floors.

Romduol Collection — Floors 8 to 16

The first residential collection and the most accessible part of the mix. This section uses a 12-unit floor plate with the broadest spread of layouts in the building — types A1, B1 through B6, and C1 through C4, ranging from 72.94 m² to 157.39 m² gross. If a buyer wants a one-bedroom at Le Condé 2, this is where most of them sit.

Angkor Collection — Floors 18 to 31

The Angkor Collection continues with the same 12-unit floor plate as Romduol, and the same A, B, and C layouts from roughly 73 m² to 157 m² gross. The simplest way to think of this band is that it carries the core residential mix higher up the tower without changing the product.

Preah Vihear Collection — Floors 33 to 50

This is where the building becomes noticeably more private. The floor plate drops to 8 residences per floor, and the unit mix shifts toward larger-format homes. Layouts here include B7, C5 through C8, D1, and D2, with gross sizes from 116.58 m² to 210.94 m². This is the transition band - smaller floor plates, fewer neighbours, and more 3- and 4-bedroom product.

Devaraja Collection — Floors 52 to 61

The most exclusive residential band in the tower. Just 4 residences per floor, with sizes running from 261.67 m² to 369.41 m² gross. The layouts are D3, E1, E2, and E3 — all larger 4- and 5-bedroom residences. Higher floors, lower density, and the biggest homes in the project. This is the clearest expression of the design hierarchy the developer is building into the tower.

Unit types, sizes, and view directions

The product mix at Le Condé 2 is one of its stronger points. The project does not rely on studios or tiny investor units. It starts at one-bedrooms and goes up to large family-sized homes and penthouses. The gross-to-net difference across the tower sits at around 23%, which is slightly better than average for new launches in the city.

All units are delivered fully furnished, with 3.2 m ceilings on standard floors and 3.5 m ceilings in penthouses. Here is the full unit breakdown:

Amenities and building features

Le Condé 2 is positioned as a full lifestyle building rather than a basic condo block. The developer has set aside 8,000 m² of floor space for amenities, and the current plans include:

• Sky bar & rooftop infinity pool
• Fully equipped gym & fitness center
• Steam room & sauna
• Sky lounge
• Co-working-style space
• Children's paradise & playground areas
• Virtual golf club
• Jacuzzi
• Conference room & meeting room
• Retail space one the ground floor
• 24/7 security
• Reading boutique & library
• Pickleball court
• Health care center
• Coffee shop

Our general advice on any off-plan project is to treat amenity specs as something to reconfirm closer to handover. That applies here too. But the direction the developer is pushing toward is clear: Le Condé 2 is meant to sit in the upper tier of BKK1 condo buildings on amenities, not compete at the entry level.

The BKK1 location

Le Condé 2 sits on the corner of Street 63 and Street 352, inside BKK1, which is Phnom Penh's most established condo district for foreign buyers. That matters for two reasons. First, it is the part of the city that international buyers already recognize and rent in, so the unit has a built-in audience from day one. Second, the corner plot gives the tower real visibility. This is a building that will be seen from a distance, not one that disappears into the street.

The honest counterpoint is that BKK1 is also the most built-out condo district in Phnom Penh. There is no shortage of existing stock here, and more is on the way. That does not make Le Condé 2 a weaker project (we still think it is a strong BKK1 address) but it does mean the investment case sits differently than it would in an emerging area.

BKK1 is not where buyers find early-stage capital upside on a cheap entry price. It is where buyers find an established address, a consistent rental market, and a building that can hold its positioning long-term.

Pricing, payment plans, and Guaranteed Rental Return (GRR)

Le Condé 2 offers optional 3-year Guaranteed Rental Return (GRR) programs, similar to what the developer ran on the first Le Condé. There are two ways to take the GRR:

1. 24% GRR paid out over 3 years. 8% per year, paid quarterly after handover. Buyer pays the full purchase price.
2. 18% GRR taken as an upfront discount. 6% per year, converted into a direct reduction from the sale price at the point of purchase.

On the 24% structure, the current entry price starts at $2,700/m² on the lowest-priced available units, with the developer paying the rental return quarterly after handover.

On the 18% upfront-discount structure, the effective entry price drops to around $2,200/m². That is a lower number on paper, but it’s a different purchase model, not a bonus on top of the 24% option. Under this structure the developer is not covering rental return during the first three years, so the buyer needs to think about how they plan to use or rent the unit post-handover before choosing this path.

Sample payment plan: Lowest-priced 1-bedroom

Standard payment structure:

• 5% booking fee
• 25% at SPA signing
• 50% interest-free installments spread over 54 months during construction
• 20% at handover

Discounts available at Le Condé 2:

Pre-sale buyers get an extra 5% on top of the payment-plan discounts below. Once pre-sale closes, that number drops to 2%.

• Full payment upfront — additional 8%
• 50% upfront — additional 5%
• 30% upfront — additional 2%

So a pre-sale buyer paying 50% upfront is looking at 5% + 5% = 10% off the list price, before any GRR structure is factored in.

Our investment view on Le Condé 2

The strongest case for Le Condé 2 is the combination of a recognizable BKK1 address, a lower unit count than the first phase, no studio oversupply within the tower itself, fully furnished delivery, and a building that should carry genuine skyline recognition once finished. For buyers who want a premium BKK1 home or a more exclusive investment address, that combination alone will justify the higher price bracket.

The more careful view (and this is the one we want serious buyers to actually sit with) is that BKK1 is not an undervalued pocket of the city. Le Condé 2 is competing in the most crowded and most mature condo district in Phnom Penh, at a price point that leaves less margin for error than entry-level projects in newer areas. That does not mean the project won’t perform well. It means it has to be judged as a premium BKK1 purchase first, and an investment second.

The GRR program is an important part of the conversation here. It is one of the project's biggest selling points, and for a lot of buyers the quarterly income during the first three years is what makes the numbers feel comfortable. But the long-term question is still what the unit rents for after that three-year window closes. That is the lens we use when comparing Le Condé 2 to other higher-end BKK1 towers, and not just the incentive period, but what sits on the other side of it.

Le Condé 1 as a proof-of-execution reference

One reason we are comfortable talking about Le Condé 2 seriously is that the developer has already taken the first Le Condé from groundbreaking all the way through to handover. Le Condé BKK1 is 95% complete and has been in handover since March 2025. For remote buyers in particular, that track record matters as this isn’t a first-time name in the Phnom Penh market.

Our honest suggestion is still to visit Le Condé 1 in person if you are in the city, or ask us for recent walkthrough footage and handover photos if you are not. The first phase went through a genuinely difficult period for the Cambodian market (including COVID) so some context is fair when judging the build. But as a real-world reference for what Le Condé 2 will look and feel like once completed, it is the best one available.

The developer is aware of some of the issues that their first project went through, and are quite open about the changes they’re making to this second phase, to account for the lessons learned.

Who Le Condé 2 is best suited to

Le Condé 2 is a good fit for buyers who:

• Want a recognizable, higher-end BKK1 address
• Prefer a more exclusive tower with fewer units per floor in the upper bands
• Value fully furnished handover and larger ceiling heights
• Are buying for long-term hold, lifestyle use, or a premium rental positioning
• Are comfortable paying a BKK1 price for location, design, and exclusivity

It is a less natural fit for buyers whose priority is the lowest possible entry price or the strongest possible gross yield from day one. There are other Phnom Penh projects (often in earlier-stage areas) that are easier to justify purely on those numbers. We are happy to walk you through those side by side if that is what you are weighing up.

Why buy Le Condé 2 with HomeAbroad Cambodia

We are a full-service condo agency built specifically around foreign buyers in Cambodia, and we handle off-plan launches like Le Condé 2 the same way we handle every project on our books.

• Honest, balanced analysis: You have just read a project page that includes the weaker parts of the investment case alongside the stronger ones. That is what every listing on our site looks like. We would rather you buy the right project for your goals than buy this one because we oversold it.
• No cost for advisory work: Viewings, consultations, SPA review, side-by-side comparisons with other BKK1 projects, payment-plan breakdowns — none of this carries a fee. Our commission is paid by the developer once you buy, and we regularly put part of it back toward the buyer when it is the difference between a deal working and not.
• We work extensively with remote buyers: Around 70% of our clients are outside Cambodia when they buy. We run full video walkthroughs, live virtual showings, and we handle signatures, legal liaison, and title work while you are offshore. BKK1 projects like Le Condé 2 are ones we regularly sell this way.
• We stay involved after handover: The part that matters most on an off-plan purchase is what happens after the building is delivered — handover inspection, snagging, furnishing adjustments, and finding a tenant. We do all of it. At Times Square 5, the most recent handover where we placed a block of buyer units, every unit (22+ units) we managed was rented within 1 to 2.5 months of handover.
• We cover the whole chain, including eventual resale: When a buyer is ready to exit, we handle the resale the same way we handled the purchase. The relationship is built to last past the first transaction.

If you would like the full Le Condé 2 availability list, want us to run numbers on a specific unit type, or want Le Condé 2 compared side-by-side against other premium BKK1 launches, get in touch and we will walk you through it.

Frequently asked questions about Le Condé 2

Can foreigners own a unit at Le Condé 2?

Yes. Le Condé 2 is a strata-titled condo, which means foreign buyers can own their unit outright, in their own name, with full inheritance rights. This is the standard ownership structure for condos in Cambodia and applies to all floors from the 8th upward at Le Condé 2.

When is Le Condé 2 expected to complete?

The developer is targeting late 2029 for handover. Construction payments are spread over roughly 54 months of the construction period, with the final 20% due at handover.

What is the minimum payment to reserve a unit at Le Condé 2?

5% of the unit price, paid as a booking fee. A further 25% is due at SPA signing, 50% is paid in interest-free installments during construction, and the remaining 20% is due at handover.

How does the Le Condé 2 Guaranteed Rental Return program work?

There are two versions. The first pays 24% over 3 years (8% per year, paid quarterly after handover) on top of the full purchase price. The second converts the return into an 18% upfront discount (6% per year) taken off the sale price at the point of purchase. Both are optional.

How is Le Condé 2 different from the first Le Condé BKK1?

Le Condé 2 has a lower total unit count, a more premium positioning, fully furnished handover as standard, larger upper-floor layouts, and a four-tier vertical hierarchy that reduces units per floor as the building rises. The first Le Condé was a larger, more mass-market tower aimed at a different price point.

Is Le Condé 2 a good investment?

It depends on the buyer. For anyone looking for a recognizable BKK1 address, a more exclusive building, and a premium long-term hold, the positioning is strong. For anyone prioritizing the lowest entry price per square metre or the highest possible gross yield from day one, there are better-suited projects in Phnom Penh's newer areas. We are happy to walk you through both cases in more detail.