Wangfu International

Wangfu International (full name — Wang Fu Guo Ji Property Development Co., Ltd) is the developer of the premium Le Condé BKK1 condominium in the very center of Phnom Penh. This developer's key distinction in our catalogue is its single completed and occupied property: Le Condé BKK1 has been delivered and handed over since March 2025, meaning its construction risk is effectively eliminated. Below is what kind of developer this is and what we confirmed.

Key facts

Project in the NovAsia catalogue

• Le Condé BKK1 — a premium serviced condominium in BKK1 (Street 352), Phnom Penh's central business district. 43 floors, 1080 units (800+ sold). Completed and occupied since March 2025 — a rare case of zero construction risk in the catalogue. Freehold / strata (hard title) ownership, USD pricing. Managed by the Japanese company Hopetree Japan. Cambodia's first project with Xiaomi smart-home integration. Per the developer's contract, phase 1 features a GRR program (per brokers — 24% over 3 years, i.e. 8% per year).

The GRR program is a developer contract term, not a NovAsia income guarantee. On a completed property the program may be exhausted or have different terms — it is verified against the SPA of a specific deal. The financial backing of the guarantee is clarified separately.

Partners and recognition

Le Condé BKK1 was assembled with recognizable partners: investor Beijing Zhongguancun Construction, builder Sichuan Huaxi Group, management company Hopetree Japan (a declared 25 years of experience and more than 20 projects worldwide). The project was recognized at the PropertyGuru Asia Property Awards 2020 (Phnom Penh) — Winner Best Serviced Apartment Interior Design and Highly Commended in Architectural Design & Development. These are external signals of the project's level, not a guarantee of returns.

Project timeline

Key dated milestones we were able to confirm from open and official materials:

• 2020

  Le Condé BKK1 — recognized at the PropertyGuru Asia Property Awards (Phnom Penh).PropertyGuru Asia 2020

• March 2025

  Phase 1 delivered and being occupied — a completed property, construction risk effectively eliminated.Per the developer · completed

Wangfu has a separate project, Le Condé 2 (a different, off-plan property) — we do not include it in the catalogue and do not conflate it with phase 1. The developer's full corporate history has not been separately verified.

What is not yet confirmed

Honestly about the limits of our data:

• we have not separately verified the full corporate history of Wangfu International and its list of other projects — in the catalogue the developer has one property (Le Condé BKK1, phase 1);
• the developer has a separate project, Le Condé 2 (a different, off-plan property) — we do not include it in the catalogue and do not conflate it with phase 1;
• prices differ between the developer price list and the resale market — on the site they are given as a "from $X" reference, not an offer;
• the terms and current availability of the GRR program on the completed property are clarified against the contract.

NovAsia's take

Wangfu International is interesting in the catalogue primarily because its project is the only fully completed one: Le Condé BKK1 has been occupied since March 2025, meaning the buyer bears no construction risk and sees a real property rather than a render. Add a recognized BKK1 address, a Japanese property manager and real rental/resale liquidity. For a buyer who wants to "buy and own immediately" without waiting for construction, this is one of the most illustrative options in the catalogue. The income program, however, should be checked against the contract — on a completed property its terms may differ from the original ones.

Sources

The official Le Condé BKK1 project brochure (Wangfu) · public listings on Cambodian real estate portals (realestate.com.kh and others) · NovAsia partner network data on the ground. Project partners and awards — per the developer and public materials. Verified: July 2026. Data may be updated.