Picasso Sky Gemme (Picasso 2) – Phnom Penh
About This Development
Picasso Sky Gemme Phnom Penh (Picasso 2) is an art-inspired BKK1 luxury condo by Global Titan Stone developer. ~276 units with themed amenity floors. GRR: 7% (select floors, limited period, terms apply – confirm in writing). Foreign ownership eligible (strata title). Target completion 2028-2029.
Project Overview
Reported / indicative (confirm in latest developer pack). Pricing, yields, and timelines subject to change.
Picasso Sky Gemme (Picasso 2 Phnom Penh) is an art-inspired BKK1 luxury condo by Global Titan Stone developer. The project features themed amenity floors and a relatively low unit count (~276) aimed at exclusivity. Picasso Sky Gemme GRR: 7% GRR (select floors, limited period, terms apply – confirm in writing). At the reported Picasso Sky Gemme price of ~$3,500/sqm, this foreign ownership eligible project (strata title / hard title) represents BKK1 premium positioning with genuine strata title ownership.
Who rents here: Expat executives, diplomats, HNW individuals. BKK1 commands premium rents for quality luxury units.
Deal Pack – click to view what you’ll receive
- Current Picasso Sky Gemme price list + availability (by stack and floor)
- Picasso Sky Gemme payment plan + milestone dates (30% deposit, staged payments)
- Rental assumptions + comps used (BKK1 luxury analysis)
- Floor plans and unit schedule (1-4 bed layouts)
- Foreign ownership eligibility summary (strata/hard title)
- SPA checklist (what to confirm with your lawyer)
- Within 2-4 hours: Full deal pack sent to your email.
- Within 24 hours: Team follow-up to answer questions.
- No pressure: Take your time reviewing.
Amenities
Picasso Sky Gemme features multiple themed amenity floors designed around the “Euphoria Living” concept. Amenity details are developer-reported and should be confirmed.
Euphoria Living (6F-7F)
Urban Oasis (24F)
Unity Sphere (42F)
Vitality Hub (Roof)
Building Services
Why BKK1?
BKK1 (Boeung Keng Kang 1) is Phnom Penh’s most prestigious residential district. For investors looking to buy condo in BKK1 Phnom Penh, this area typically commands premium rents for quality units and has a high concentration of embassies, international schools, and premium F&B. For foreign investors seeking Phnom Penh property investment opportunities with executive tenant profiles, BKK1 remains the benchmark.
Tenant profile: Diplomats, expat executives, HNW individuals
Rental demand: Strong for quality luxury units
Key draws: Embassies, premium dining, international schools
Connectivity: Central location, easy access to CBD and Riverside
Location Map
BKK1 area map (approx.) – contact us for exact site location details.
Developer: Global Titan Stone
Global Titan Stone Real Estate Development is a luxury-focused developer in Phnom Penh. They delivered Picasso City Garden (Picasso 1) and are now developing Picasso Sky Gemme (Picasso 2). Project timelines can vary – verify delivery history independently.
Completed & Upcoming Projects
Annual Holding Costs
Understanding ongoing costs is essential for accurate yield calculations. Costs are developer-reported and should be confirmed.
Unit Types & Pricing
Picasso Sky Gemme offers 1-4 bedroom units plus penthouses. Pricing and availability are developer-reported and should be confirmed.
Unit Type Details
| Type | Size (Indicative) | Price (Indicative) |
|---|---|---|
| 1-Bedroom | ~49-76sqm | From ~$175k |
| 2-Bedroom | ~93-118sqm | From ~$350k |
| 3-Bedroom | ~170-203sqm | From ~$600k |
| Penthouse | Up to ~750sqm | POA |
Premium finishes reported: 3.3-3.6m ceilings, floor-to-ceiling glazing. Confirm specifications in latest brochure.
Rental & Yields
BKK1 commands premium rents for quality luxury units. Yields vary by unit type, floor level, furnishing, and market conditions.
Gross yields: Often marketed in the 5-8% range for BKK1 luxury condo projects
Picasso Sky Gemme GRR: 7% GRR (select floors, limited period, terms apply – confirm in writing)
Net yields: Lower after service charge, management fees, and costs
Note: Actual returns vary – confirm assumptions in deal pack
Regional Comparison
Cambodia offers USD-denominated property with genuine strata title ownership. Why Cambodia for investment?
Mature market, lower yields
Picasso Sky Gemme – indicative
Growing market, leasehold only
Indicative ranges – verify current pricing. Market conditions vary.
Can Foreigners Own This?
Yes. Foreigners can purchase strata title units from the first floor upward, subject to the building foreign quota (up to 70%) and standard KYC requirements.
Related: Strata Title Guide – Foreign Buyer Guides
Who Is This For?
This may suit investors who want:
BKK1 luxury positioning | Art-inspired design concept | 7% GRR option (terms apply) | Premium tenant profile | USD-denominated asset | Strata title ownership | Multiple amenity floors
This may not suit investors who:
Want completed buildings | Need immediate rental income | Prefer established developers | Are uncomfortable with construction risk | Want lower entry points | Need short holding periods
Risks & Considerations
Under construction with target completion 2028-2029. Timelines can shift. Verify current progress and schedule independently. See due diligence checklist.
Global Titan Stone is a newer developer with Picasso City Garden as their first completed project. Verify track record independently.
Picasso Sky Gemme GRR: 7% GRR (select floors, limited period, terms apply – confirm in writing). Confirm current eligibility and exact conditions before purchase.
Rental rates and resale values depend on market conditions at completion. Yields are indicative only. Independent advice recommended.
Frequently Asked Questions
Can foreigners buy at Picasso Sky Gemme?
Yes. Foreigners can purchase strata title units from the first floor upward, subject to the building foreign quota (up to 70%) and standard KYC requirements.
What is the estimated rental yield?
Indicative gross yields are often marketed in the 5-8% range for BKK1 luxury condo projects, but actual returns vary by unit type, achieved rent, costs and occupancy. Picasso Sky Gemme GRR: 7% GRR (select floors, limited period, terms apply – confirm in writing).
When will Picasso Sky Gemme be completed?
Target completion is 2028-2029 (developer-reported). Construction timelines can vary. Confirm the latest schedule directly with the developer or sales team.
What makes Picasso Sky Gemme unique?
An art-inspired ultra-luxury concept in BKK1 with multiple themed amenity floors and a relatively low unit count (reported ~276) aimed at exclusivity. Premium finishes with high ceilings (3.3-3.6m reported).
What is the payment structure?
Reported payment structure includes 30% deposit with staged payments during construction. Confirm exact terms, milestones, and any available financing options in the latest developer pack.
Exit Strategy Options
Investor Essentials (Foreign Buyers)
Explore Similar Projects
Important Disclaimers
- All information is developer-reported / indicative and subject to change.
- Picasso Sky Gemme price, yields, and timelines should be confirmed in the latest developer pack.
- Picasso Sky Gemme GRR: 7% GRR (select floors, limited period, terms apply – confirm in writing).
- Foreign ownership: subject to 70% building quota and KYC requirements.
- Independent legal and financial advice is recommended before purchase.
- Riel Property is not the developer and does not guarantee any claims.
Last verified: 2026-01-13. Subject to change.
Interested in Picasso Sky Gemme?
Get the full deal pack with current pricing, availability, payment plans, and GRR eligibility details.
Development Details
| Developer | Global Titan Stone Real Estate Development Co. |
| Property Type | Apartment |
| Location | BKK1 (Boeung Keng Kang 1) |
| Total Units | 276 |
| Price Range | $170,000 - $700,000 |
| Expected Completion | Q4 2029 |
| Current Status | Under Construction |
| Posted Date | November 21, 2025 |
| Development ID | #224 |