NovOdom Tower — Grade A offices on Norodom Boulevard, Phnom Penh
This page uses developer renders — the project is under construction and the images are illustrative.
Odom Tower is a Grade A mixed-use complex on Norodom Boulevard, Phnom Penh's main business artery. It's the yield flagship among the projects in our selection: the developer offers a guaranteed rental return programme of 8% net per year for 5 years plus a guaranteed buy-back at 110% of the purchase price. The offices are built to a Singapore standard, and the complex includes a 5-star hotel managed by IHG and preliminary LEED Gold certification.
Key parameters
| Parameter | Value |
|---|---|
| Type | Grade A offices (Singapore standard) |
| Location | Norodom Boulevard, Phnom Penh |
| Entry price | from $226,686 |
| GRR (rental return) | 8% net per year × 5 years |
| GBB (buy-back) | 110% in year 5 |
| Hotel management | IHG Hotels & Resorts |
| Certification | LEED Gold (preliminary), ESG |
| Developer | Urban Living Solutions (since 2016) |
What the complex includes
Odom Tower is more than offices — it's a mixed-use environment:
- Grade A office space to a Singapore standard.
- A 5-floor shopping centre.
- An exclusive residential building of 138 apartments.
- A private club.
- A 5-star hotel managed by IHG Hotels & Resorts.
- Preliminary LEED Gold certification and ESG compliance.
The developer positions the Norodom Boulevard location as a future equivalent of Orchard Road in Singapore and Sukhumvit Road in Bangkok.
Grade A office — developer render.
The complex's spaces and architecture — developer renders.
Yield: an honest breakdown
The developer programme has two parts — the guaranteed rental return (GRR) and the guaranteed buy-back (GBB). It's important to understand how the final figure is built up, and not to confuse "total return" with "net profit".
| Component | Value |
|---|---|
| GRR — rental return | 8% net per year × 5 years = 40% |
| GBB — buy-back | 110% (return of principal + 10%) |
| Total return over 5 years | 150% of the invested sum |
| Net profit above the principal | around 50% |
150% is the total return (principal + rent + buy-back premium), not net profit. Net above the invested sum works out at around 50%. We deliberately show both figures to keep the calculation transparent.
Worked example — unit OT07-06
Below is a real calculation from the developer's yield sheet for a specific office.
| Parameter | Value |
|---|---|
| Area | 68 m² net |
| Price | $250,953 |
| Booking | $5,000 |
| SPA 20% (down payment) | $50,191 |
| Installments 50% (2%/mo × 25 mo) | $5,019/mo |
| Handover 30% | $75,286 |
| GRR per year (8%) | $20,076 |
| GRR over 5 years | $100,381 |
| Buy-back 110% (year 5) | $276,048 |
| Total return over 5 years | $376,429 (150%) |
| Net profit | $125,476 (50%) |
GRR accrues from the handover date and is paid on a delay every 3 months. During the GRR period, the developer bears the costs of management, the reserve fund, insurance and utilities.
The buyer's other costs
- Stamp duty 4%: around $10,038 (on the OT07-06 example; reliefs apply — to be confirmed).
- Legal fee and transfer of rights: around $2,000.
- Annual property tax 0.1%: around $251/year.
- After the GRR period — management and reserve fund: $3 per m² net per month; utilities at the tariff rate.
This calculation is for information only; the stamp duty and tax are indicative. The GRR/GBB terms apply to a limited number of units on a first-come basis and are defined by the contract with the developer.
The developer — Urban Living Solutions
Urban Living Solutions (ULS) is a Cambodian company founded in 2016 in Phnom Penh. Delivered projects: Urban Loft (Phnom Penh), The Factory — the city's largest IT and creative hub, Urban Village Phase 1 (Phnom Penh), Bakong Village (Siem Reap), Rose Apple Square (Siem Reap), Uchi Residences (Phnom Penh).
Get a yield calculation for Odom Tower. Message the bot — I'll send the available offices with the GRR/GBB programme and a full calculation for your budget.
Get a calculation on Telegramor open the calculator →Frequently asked questions
What is the yield on Odom Tower?
GRR 8% net per year × 5 years (40%) + a 110% buy-back in year 5. That gives 150% of the invested sum returned over 5 years, with net profit above the principal of around 50%. These are the terms of the contract with the developer, not a guarantee by NovAsia.
How much does an office cost?
Prices from $226,686. An example from the developer's sheet: OT07-06, 68 m² net — $250,953.
What is the 110% buy-back?
The developer's obligation to buy the property back in year 5 at 110% of the price. For OT07-06 that's $276,048. At the end of 5 years you can also sell the property yourself.
Is 150% the net profit?
No. 150% is the total return over 5 years (rent + buy-back of the principal with a premium). Net profit above the invested sum is around 50%. More on how to calculate yield is in the article about investing in Cambodian real estate.