How much does property in BKK1 cost?

BKK1 is Phnom Penh's most expensive district. Premium new builds start at roughly $1,700 per sqm, and liquid units from $100,000 and up. It's a segment for an investor with a budget from ~$100,000 who values status and location liquidity.

Why is BKK1 called the best district for investment?

BKK1 concentrates embassies, international company offices and schools, so it has the most solvent and stable tenant: diplomats, senior managers, NGO staff. That gives the most expensive rent in the city and high unit liquidity.

Which NovAsia projects are in BKK1?

BKK1 is home to Odom Tower (Grade A offices with a guaranteed-income GRR programme of 8% and a 110% buy-back) and Time Square 9 — The Gatsby Residence (premium art-deco housing, freehold ownership).

BKK1 real estate, Phnom Penh

The capital's "golden square" — the most expensive and liquid district

BKK1 business district in Phnom Penh at night

If Phnom Penh has an equivalent of a city's most coveted address — Bangkok's Sukhumvit, say — it's BKK1 (Boeung Keng Kang 1). Embassies, international company offices, restaurants and international schools. This is where the solvent tenant lives: diplomats, senior managers, NGO staff. For an investor that means the most expensive and stable rent in the city — and the most liquid unit on resale.

Why BKK1 appeals to investors

The most expensive rent in the city — demand is steady year-round, with no seasonal dips.
A solvent tenant — diplomats, expats, senior management: fewer vacancies, higher rates.
Location liquidity — units in BKK1 are easier to resell than on the periphery.
Premium stock — the capital's best new builds with direct foreign ownership are concentrated here.

Prices and rent in BKK1

BKK1 is Phnom Penh's top price segment. Benchmarks as of mid-2026:

Metric	Benchmark
New-build price	premium segment, from ~$1,700 per sqm and up
Entry point for a liquid unit	from ~$100,000
Rent	the highest in the city, demand year-round
Foreign ownership	direct (strata title / freehold), quota up to 70% in a building
Who it suits	budget from ~$100,000, priority on liquidity and status

Figures are market benchmarks as of mid-2026 and change as project readiness increases. We always confirm the exact price of a specific unit with the developer at the time of the deal.

NovAsia projects in BKK1

Two projects we support are located in this district — for different strategies:

Odom Tower

Grade A offices · GRR 8% + 110% buy-back

Premium commercial space on Norodom Boulevard. A guaranteed-income programme of 8% net per year for 5 years and a buy-back at 110% in year five. Entry from $226,686. IHG management, LEED Gold certification (prelim.), completion 2027.

Time Square 9 — The Gatsby Residence

Premium art-deco housing · freehold

Residential homes in a "Great Gatsby" style on Street 278. Full ownership (freehold), 39 floors, 700 residences, units of 60–190 sqm. Sky Pool, Sky Cinema, Cigar Lounge. 0% installments over 45 months, reservation from $500, completion 2029.

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Who BKK1 suits

An investor with a budget from ~$100,000 who values location liquidity and unit status.
Those betting on predictable contractual income (GRR + buy-back) in premium commercial space.
Those who want full ownership (freehold) of premium housing right in the centre.

Who should look at other districts

With a budget under $100,000 — it's smarter to enter via Chamkarmon: "near the centre" but cheaper.
For family long-term rental — quiet Toul Kork.
For a bet on district growth with a long horizon — Chroy Changvar.

The projects listed are new builds: images in the catalogues are developer renders, with completion in 2027–2029. GRR and buy-back terms are defined by the contract with the developer. This information is for general guidance only and is not investment advice.

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