Olympia City is a big mixed-use project that combines condos, offices, retail, dining, and medical and education services in one place. It’s in Khan 7 Makara, right in the middle of Phnom Penh, just north of the National Olympic Stadium, which can host up to 50,000 people.
Olympia City is one of the major projects in central Phnom Penh. It was developed by Overseas Cambodian Investment Corporation (OCIC), a large local group founded in 2000. The project covers around 6.8 hectares and started taking shape from 2012, with a total investment of roughly USD 500 million.
OCIC is part of the wider Canadia Group and is behind several other well-known developments in Cambodia, including projects on Koh Pich and in Chroy Changvar Satellite City.
Residential Component
On the residential side, Olympia City has around 1,500 condo units spread across multiple towers, with buildings around 20 to 25 storeys high.
Unit sizes range from compact studios of about 30 sqm up to larger 2-bedroom units of around 122 sqm. Layouts differ depending on the tower and floor, giving a mix of options for different needs. Studio prices have started from around USD 50,000 and up (urgent resales), with larger and higher-floor units priced accordingly.
What’s Inside the Complex
The complex brings several key components together:
Olympia Mall – A modern shopping mall offering a cinema, restaurants, supermarket, fashion outlets, cosmetics shops, children’s playground, game center, gym, beauty spa, and a sky bar. It’s the main lifestyle hub of the project and generally operates from 9:00 AM to 9:00 PM.
Olympia Hotel by Dara – A 9-floor hotel with around 166–168 rooms. It includes an outdoor pool, spa, gym, restaurant, and bar, and caters to both business and leisure guests.
Olympia Medical Hub with Intercare Hospital – An 11-floor medical center that provides general and specialist consultations, 24/7 emergency care, imaging, lab tests, physiotherapy, vaccinations, maternity services, and inpatient and outpatient care. It opened in October 2020 and is operated by Intercare Hospital.
Canadian International School Preschool Campus – A preschool campus within Olympia City that is part of the Canadian International School of Phnom Penh. It follows the Alberta (Canada) curriculum and serves children from nursery through early years.
Office Space – The project also includes several office towers with Grade B commercial space, such as The Fortune Tower (C7). Offices typically range from about 100 to 183 sqm and are available for lease.
Residential Amenities
Condo residents have access to a range of standard building facilities, which typically include:
- 24/7 security
- Swimming pool
- Fitness gym
- Steam and sauna
- Car and motorbike parking
- Backup generators
- Elevators
- Internet and cable TV (sometimes included in rental packages)
Location Benefits
Living in Khan 7 Makara comes with a few practical advantages:
Central position: The district sits in the geographic center of Phnom Penh, so getting to other key areas is relatively quick. Riverside and BKK1 are usually about 5 minutes away by tuk-tuk, depending on traffic.
Transportation access: Olympia City is close to major road connections and not far from O’Russey Market, a busy local market where residents shop for daily goods. The National Olympic Stadium next door hosts sports events and community activities.
Nearby institutions: There are several international and local schools in and around the area. Alongside the CIS preschool on-site, families have additional schooling options within a short drive.
Growing commercial activity: Khan 7 Makara is seeing steady development with more restaurants, cafés, entertainment spots, and retail outlets opening. Housing costs are generally lower than in Daun Penh and BKK1 but still offer convenient access to similar amenities.
Ownership and Financing
Olympia City is a long-term leasehold, meaning buyers can’t own the property outright. This is one of the few leasehold properties in Cambodia’s condominium market.
The developer has previously provided financing options, including loans of up to 95% of the property value for SOHO and office units, with possible terms up to 25 years. For residential condos, down payments have started from around USD 3,000, with loan options available up to roughly 85% of the property value, depending on the arrangement.
About the Developer
OCIC is considered one of the major real estate developers in Cambodia. The company has received multiple industry awards, including “Developer of the Year” at the Cambodia Real Estate Awards (CREA) 2024, as well as recognition for sustainable and lifestyle-focused projects.
OCIC is part of a larger group with more than 100 affiliated companies and over 17,500 employees, active across sectors such as real estate, infrastructure, construction, education, and healthcare.
Context for This Area
Khan 7 Makara is a mixed-use urban district with a blend of housing, offices, retail, and public institutions. It’s well known for the Olympic Stadium, which continues to be a key venue for sports and cultural events.
The area still keeps a strong local Cambodian feel, with everyday markets like O’Russey focusing mainly on residents rather than tourists. At the same time, more modern developments such as Olympia City are gradually adding new commercial and residential options to the neighborhood.
