Compare NovAsia projects in Phnom Penh
Three different projects — three different investment logics. Odom Tower is about guaranteed passive income, Kingston Royale about a low entry threshold, Time Square 9 about pre-sale pricing and growth potential in the best district. Below is a table for a quick comparison to see which property fits your goal.
Comparison table
| Parameter | Odom Tower | Kingston Royale | Time Square 9 | G.A.T.O Tower | Diamond Bay Garden | Le Condé BKK1 | Time Square 11 |
|---|---|---|---|---|---|---|---|
| Type | Commercial (Grade A office) | Residential (condominium) | Residential (residences) | Condos + 5-star hotel | Waterfront condo | Completed serviced condo | Residential (condominium) |
| District | Norodom Boulevard | Chamkarmon | BKK1 | BKK1 | Koh Pich | BKK1 | BKK3 (Chamkarmon) |
| Entry from | from $226,686 | from $40,664 | example ~$105,000 | from ~$90,000 (indicative) | from ~$106,000 (indicative) | from ~$130,000 (resale) | from ~$49,616 (indicative) |
| Area from | 68 m² | 43 m² | 60 m² | 31 m² | 45 m² | 37 m² | 38 m² |
| Booking | $5,000 | $2,000 | from $500 | on request | $2,000 (indicative) | on request | $500 (indicative) |
| Installments | 25 months (0%) | 36 months (0%) | 45 months (0%) | up to 48 months (30% down) | 5% on SPA, balance per schedule | completed — payment by agreement | 35 months (0%), 10–20% down |
| GRR (guaranteed rent) | 8% net/year, 5 years | no (market rent) | no (market rent) | no (market rent) | 60% net / 10 years (floors 27–37) | 24% / 3 years (phase 1, confirm) | no (market rent) |
| Buy-back | 110% after 5 years | no | no | no | no | no | no |
| Ownership | direct (strata-title) | direct (strata-title) | freehold (strata-title) | freehold (strata-title) | freehold (strata-title) | freehold (strata-title) | freehold (strata-title) |
| Developer | Urban Living Solutions | Cambodian team | Megakim World Corporation | MIRAKU (first project) | OCIC | Wangfu International | Megakim World Corp |
| Management / brand | IHG (Vignette Collection) | developer's management | Megakim | WH Living & Properties | Somerset by Ascott (27–37) | Hopetree Japan | developer's management |
| Completion | 2027 | Dec 2027 | 2029 | 2030 | 2026 | completed (since 2025) | 2029 |
| Furnishing | no | yes (included) | no | no | per contract | yes (included) + Xiaomi | per contract / confirm |
| Amenities | 5★ hotel, mall, club | pool, gym, sauna, Sky Garden | Sky Pool, Cinema, Cigar Lounge | 5-star hotel, Japanese onsen, sky bar | pool, fitness, Sky Garden, Somerset | rooftop pool, sky bar, sky garden, BKK Avenue | sky infinity pool, sky lounge, sky gym (39F) |
| Strategy | passive income (GRR) | low entry / rental | pre-sale / capital growth | long hold / Japanese premium | GRR on upper floors / waterfront | completed property / no construction risk | low entry / pre-sale in BKK3 |
| What to watch (risk) | 5-year hold; income and buy-back depend on the developer's performance | rent is market-based, no income guarantee | value growth is a forecast, not a guarantee; completion only in 2029 | new developer with no completed projects; long hold to 2030 | under construction (~80% ready); GRR only floors 27–37; large first-phase supply | 1,080 units — competition for tenants/resale; GRR may be exhausted | off-plan, completion 2029; construction starts only in 2026; prices are broker estimates |
| Best for | investor with $200K+ | investor with $40–150K | investor with $100K+ | investor with $90K+ | investor with $106K+ | investor with $130K+ who wants a completed property | investor with $50K+ who wants a low entry |
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Data as of 25 June 2026. Prices, areas and timelines are per developer data; they are confirmed on request and fixed in the contract. GRR and buy-back are developer terms, not a guarantee by NovAsia. For Time Square 9 the figure shown is an indicative example for a specific unit, not a minimum price. For G.A.T.O Tower the prices are indicative per broker data, not a developer offer. For Time Square 11 the prices, areas and terms are indicative per broker data at the off-plan stage, not a developer offer.
How to choose
Odom Tower — if you want guaranteed passive income
You receive a fixed 8% net per year under the contract with the developer plus a 110% buy-back in year 5. You don't have to find tenants or manage the property — during the programme the developer takes that on. It suits those who want a clear investment horizon and minimal involvement. Important: 150% over 5 years is the total return (principal + rent + buy-back premium); net profit above the invested sum is around 50%. More about Odom Tower →
Kingston Royale — if a low entry threshold matters
The lowest entry of the three projects, interest-free installments over 3 years, furniture and appliances included. The apartment is ready to let immediately after handover. It suits a first step into a dollar asset or those considering a back-up option for relocation. More about Kingston Royale →
Time Square 9 — if your strategy is pre-sale and capital growth
Entry at pre-sale pricing, a recognisable Gatsby Residence concept and the capital's best district, BKK1. The bet is on value growth by completion. Note: value growth is a market-dependent forecast, not a developer guarantee. More about Time Square 9 →
G.A.T.O Tower — if you want a Japanese premium in BKK1 on a long horizon
A 67-floor skyscraper with Japanese architect Shin Takamatsu and a 5-star hotel in the city's most prestigious district. It suits those taking a quality asset in a core location for the long term. Note: MIRAKU is a new developer with no completed projects in Cambodia, and completion is planned for 2030 — a long horizon with no rental income during construction. More about G.A.T.O Tower →
Diamond Bay Garden — if you want a waterfront, an established developer and a Somerset GRR
A premium waterfront condominium on Koh Pich by OCIC — the island's master developer with a long track record. The standout feature is the upper 10 floors (27–37) managed by Somerset by Ascott with a guaranteed rental return programme (per the developer brochure — 60% net over 10 years). Note: the GRR is available only for units on floors 27–37 and applies per the contract terms; the project is under construction (Tower A completion in 2026). More about Diamond Bay Garden →
Le Condé BKK1 — if you want a completed property with no waiting
The only completed project in the selection: a 43-floor tower in BKK1, delivered and occupied since 2025. The main advantage is no construction risk or multi-year waiting — a unit can be inspected in person and rented out straight away. Japanese Hopetree management, Cambodia's first Xiaomi smart home, a recognised BKK1 address. Note: the large scale of a single tower (1,080 units) creates internal competition for tenants and on resale; the phase-1 GRR on a completed property may be exhausted — this needs to be checked separately. More about Le Condé BKK1 →
Time Square 11 — if you want a low entry threshold in BKK3
The most affordable entry in the selection: compact units from 38 m² at an indicative price from ~$49,616 and interest-free installments over 35 months. A 39-floor tower by Megakim in BKK3 — next to BKK1 and the Russian Market, but cheaper per m². The bet is on a low threshold and pre-sale growth in an established district. Note: this is off-plan with completion in 2029, construction starts only in 2026, and the prices and terms are indicative per broker data that needs confirming on request. The project has no guaranteed rental income — the yield is market-based. More about Time Square 11 →
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