NovWJP Condo Development
WJP Condo Development's public footprint is almost entirely tied to W. Condo in Phnom Penh's Toul Kork district. Pointer's 2023 market report identified WJP as the developer of the project, while Realestate.com.kh and FazWaz later attributed W. Condo to WJP Condo Development as well. Open sources reviewed for this profile do not establish a broader corporate history, founding year or additional completed developments, so buyers should focus on the exact legal entity named in the transaction documents rather than relying on the brand name alone.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
WJP Condo Development's public footprint is almost entirely tied to W. Condo in Phnom Penh's Toul Kork district. Pointer's 2023 market report identified WJP as the developer of the project, while Realestate.com.kh and FazWaz later attributed W. Condo to WJP Condo Development as well. Open sources reviewed for this profile do not establish a broader corporate history, founding year or additional completed developments, so buyers should focus on the exact legal entity named in the transaction documents rather than relying on the brand name alone.
Track record
In H1 2023, Pointer listed W. Condo among Toul Kork condominium projects under development and expected completion in the second half of that year. Later sources place completion in 2024: FazWaz records January 2024, while CAM Realty's current building profile also gives 2024 as the built year. The building has 28 floors and 300 units, and 2026 rental listings show that apartments are already in active use. No second comparable completed WJP development was verified in the sources reviewed.
Segments and prices
WJP's verified product is an urban condominium offering studios through three-bedroom units. Realestate.com.kh shows an asking entry price of US$79,514, and Realtor.com carried the same asking price in a listing published in January 2026; this is an advertised price, not a verified current developer price list. Rental examples from June 2026 included a furnished unit of about 50 sq m at US$400 per month and a two-bedroom unit of about 80 sq m at US$700 per month, while CAM Realty currently lists a three-bedroom unit of about 100 sq m at US$1,200 per month. These are useful unit-specific market references, not guaranteed returns or building-wide rental rates.
Geography
The verified WJP footprint is concentrated in one location: Boeung Kak 2 in Toul Kork, Phnom Penh. Pointer placed W. Condo in Toul Kork while it was still under development, and current Realestate.com.kh, FazWaz and CAM Realty profiles place the building in the same area. No verified WJP development geography outside Phnom Penh was found during this review.
Reliability and public record
The strongest evidence here is not a large corporate disclosure record but a completed building that can be inspected and already has an active rental market. Multiple independent property sources agree on W. Condo's core specifications — 28 floors, 300 units and completion in 2024 — while Pointer had already identified WJP as the developer during construction. The limitation is that public information about WJP Condo Development itself remains thin, and the sources reviewed do not support a long multi-project track record, group structure or additional completed schemes. A buyer should therefore assess the specific unit documents, physical condition and building management rather than assuming a broad developer history.
What to verify
For a purchase in completed W. Condo, first establish the seller's full registered legal name and details: the public-facing WJP Condo Development name is not a substitute for verifying the contracting entity and payment recipient. For the selected unit, obtain the registered strata title, check encumbrances, floor level and foreign-ownership eligibility, including remaining capacity under the 70% foreign quota for the building's private-unit floor area. Because the building is already operating, review actual monthly charges, parking rules, water and electricity rates, any sinking or reserve fund, management arrangements for common areas, and the history of defects or repairs. If the unit is being sold directly by the developer, deposit, refund and title-transfer terms should be written into the contract rather than left in a sales presentation.
Projects in the NovAsia catalogue
This list is assembled from the project registry by the developer identifier; it is not a claim of a complete corporate portfolio.
Frequently asked questions
Is W. Condo completed or still under construction?
Current sources treat the building as completed in 2024: FazWaz records January 2024 and CAM Realty also gives 2024 as the built year. Fresh 2026 rental listings show apartments in an operating building. Pointer's older report is useful as project history because it still classified W. Condo as under development in 2023.
What is known about WJP Condo Development's track record?
The clearest public track record is W. Condo in Toul Kork. Independent evidence follows the project from its construction phase through later records of a completed 28-storey, 300-unit building. The sources reviewed did not reliably establish additional comparable completed WJP projects, so it would be misleading to imply a broader portfolio without evidence.
Can a foreign buyer own a W. Condo unit directly?
Cambodian law allows eligible foreigners to own private units in registered co-owned buildings above the ground floor, subject to a 70% cap on the total private-unit floor area held by foreigners. Realestate.com.kh markets W. Condo with strata titles, but a buyer should verify the title of the selected unit, its floor and the remaining foreign quota rather than relying on a general project profile.
Is the advertised 6-7% rental return guaranteed?
There is no basis to treat that figure as a guarantee. Realestate.com.kh displays 6-7% as an expected rental return in the project profile, but actual performance depends on the unit purchase price, vacancy, management costs, repairs and achieved rent. For a completed building, a better approach is to calculate returns using the selected unit's price and current comparable rentals.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- Pointer Property / Ministry of Agriculture, Forestry and Fisheries eLibrary mirror · Phnom Penh Real Estate Market Report — identifies W. Condo in Toul Kork, WJP as developer and its 2023 construction status · 27.08.2026
- Realestate.com.kh · W. Condo project profile — WJP Condo Development, 28 floors, 300 units, advertised title and asking price · 27.08.2026
- FazWaz Cambodia · W. Condo — confirms 300 units, 28 floors and January 2024 completion · 27.08.2026
- CAM Realty Cambodia · W Condo operating building profile — specifications, 2024 built year and a three-bedroom rental example · 27.08.2026
- Khmer24 · W Condo rental listing dated 15 June 2026 — example of an approximately 50 sq m unit at US$400 per month · 27.08.2026
- Khmer24 · W Condo rental listing dated 15 June 2026 — example of an approximately 80 sq m two-bedroom unit at US$700 per month · 27.08.2026
- Open Development Cambodia / Royal Government of Cambodia · Law on Providing Foreigners with Ownership Rights in Private Units of Co-owned Buildings — legal basis for foreign condominium ownership · 27.08.2026
- DFDL · Foreign ownership and condominiums — explains the 70% cap on private-unit floor area · 27.08.2026