NovBakong Village — a villa and shophouse community in Siem Reap by ULS
Community facades at sunset — developer photo (ULS).
Bakong Village isn't a tower but a whole low-rise community (borey) in Siem Reap — the city of the Angkor temples. It's the first project in our selection outside Phnom Penh and the only landed-home format rather than an apartment in a condo. The community is built around the idea of a neighbourhood: everything you need — a market, a school, cafés, green spaces — within walking distance, free of through-traffic. The developer is Urban Living Solutions (ULS), the same team behind the ODOM complex in Phnom Penh.
Key parameters
| Parameter | Value |
|---|---|
| Type | Low-rise community (borey): villas and shophouses, 2–3 floors |
| Location | Bakong (Prasat Bakong), Siem Reap |
| Site area | 4.7 ha |
| Homes in completed Village A and B | 282 (excluding the frozen Village C and D) |
| Home formats | Shophouses L and S; villas A, B, C, D |
| Areas | villas from 69 m² (1 bedroom) to ~200 m²; shophouses 228–277 m² |
| Status | Village A and B — 100% complete; Village C and D — project frozen |
| Ownership for a foreigner | long-term lease (perpetual leasehold): 50 years with the right to sell and transfer |
| Down payment | from 10% on signing the agreement (per the developer) |
| Bank financing | via partner banks (rates from ~6.7% p.a., per the developer) |
| Developer | Urban Living Solutions (ULS), since 2016 |
Why this isn't like the other projects
Every other project in our selection is a condominium tower in Phnom Penh. Bakong Village differs on three fundamental points — worth understanding upfront:
- The city. This is Siem Reap, not Phnom Penh. Siem Reap is the country's tourism capital (the Angkor temples), with its own economy, rental demand and pace of life, distinct from the capital.
- The format. These are landed homes (villas and shophouses) in a gated community with shared infrastructure, not apartments in a high-rise tower. The format suits family living more than purely investment-led short-term rental.
- Ownership. Because these are landed homes, a foreigner takes them not via strata-title (as for an apartment) but via a long-term lease (perpetual leasehold). More on this below, in the section on buying as a foreigner.
Location
The community sits in the Prasat Bakong district east of central Siem Reap — one of the city's fast-growing directions. Indicative travel times (per the developer):
- about 10 minutes to the Pub Street area and the Royal Palace in the centre;
- about 15 minutes to the Angkor temple complex;
- on the way to the new Siem Reap-Angkor International Airport;
- the dedicated Malis Road (3 km) connects the community to National Road 6 in under 5 minutes.
Inside the community
Bakong Village isn't just homes but a self-contained environment on a 4.7 ha site. On-site there is:
- A market on the ground floor — 60 stalls (around 3,174 m²) for everyday needs: groceries, household goods, cafés.
- A private primary school — 3 floors, 10 classrooms, a sports court and a playground.
- A multi-level car park — for 391 cars and 357 motorbikes.
- A pool and green spaces, pedestrian streets and Siem Reap's first pedestrian sky bridge between parts of the community.
- Per the developer — complimentary access to the pool and gym at the neighbouring ULS development, Rose Apple Square.
Security: 24/7 guards, CCTV, a fire-safety system.
Community exteriors, a terrace and show-home interiors — developer photos (ULS).
Home formats
In the completed Village A and B there are two base formats: shophouses (homes with a commercial ground floor, along the main roads) and villas (residential homes in the internal clusters).
| Type | Format | Floors | Bedrooms | Area |
|---|---|---|---|---|
| Shophouse L | shophouse | 2 | 2 | 228–238 m² |
| Shophouse S | shophouse | 3 | 3 | 263–277 m² |
| Villa A | villa | 3 | 2 | ~100 m² |
| Villa B | villa | 2 | 1 | ~69 m² |
| Villa C | villa | 2 | 2 | ~84 m² |
| Villa D | villa (large) | — | — | ~200 m² |
Areas and configurations are per the developer and open sources and may differ for specific homes. Availability is confirmed on request. Village C and D are currently frozen.
Prices and terms
The price depends on the format (villa or shophouse), the area and the home's location within the community. We send the current price and available homes on request — message the bot with your preferred format and budget. Per the developer, a purchase is possible with a down payment from 10% on signing the agreement; bank financing via partner banks is also available.
A community service fee is charged separately (per the developer, around $25–$50 per month depending on the home type). A guaranteed rental return or buy-back is not stated for this project. Rental-yield figures for Siem Reap are a market reference, not a guarantee.
Buying as a foreigner
Bakong Village consists of landed homes, not apartments in a tower. Under Cambodian law, a direct title to land (hard title) is available only to nationals. So for a foreigner the developer arranges the home via a long-term lease (perpetual leasehold): an initial term of 50 years with full control of the home, the right to sell and the right to transfer the lease to another foreigner or a Cambodian national. This differs from strata-title, under which a foreigner owns a condominium apartment directly. The specific lease terms and rights are fixed by the contract with the developer and confirmed at the deal.
For the project itself, the developer holds title to the land (a hard title to the plot), which reduces legal risk over the site itself.
The developer — Urban Living Solutions
Urban Living Solutions (ULS) is a Cambodian development company founded in 2016, focused on community-oriented projects. It's the same developer as the mixed-use ODOM complex in Phnom Penh (Odom Tower and Odom Living). ULS's delivered projects include Urban Loft, The Factory and Urban Village in Phnom Penh, and Rose Apple Square in Siem Reap. The developer's real track record and the already completed, occupied Village A and B are one of this project's main strengths.
Get current prices and available homes for Bakong Village. Message the bot with the format (villa or shophouse) and your budget — I'll send a selection of homes with a calculation for your request.
Get a calculation on Telegramor open the calculator →Frequently asked questions
Where is Bakong Village?
In the Prasat Bakong district of Siem Reap (not Phnom Penh), east of the city centre: ~10 minutes to Pub Street and the Royal Palace, ~15 minutes to Angkor Wat, on the way to the new Siem Reap-Angkor International Airport.
What homes are in the community?
Shophouses (types L and S, 228–277 m², 2–3 floors) and villas (types A, B, C, D — from a one-bedroom villa of 69 m² to a large ~200 m²). Prices and availability are confirmed on request; the completed Village A and B are available now.
Can a foreigner buy a home here?
Yes. Because these are landed homes, a direct hard title is available only to Cambodian nationals, while for a foreigner the home is arranged via a long-term lease (perpetual leasehold) for 50 years with the right to sell and transfer. This differs from strata-title in condominiums.
Who is the developer?
Urban Living Solutions (ULS), a Cambodian company founded in 2016 — the same developer as the ODOM complex in Phnom Penh.