About This Development
Skylar by Meridian | Serviced Residence and Condo, Tonle Bassac
28-storey serviced residence and condominium in Tonle Bassac by Meridian International Holding (Singapore-led). ~280 units (studio to 2-bed, 53-100 sqm). Part-managed by Somerset Norodom (Ascott/CapitaLand). Foreign ownership (strata title) eligible. Completed 2018.
Skylar by Meridian Condo for Sale in Tonle Bassac, Phnom Penh
Pricing, yields, and availability are indicative until confirmed. Sales progress, furnishing scope, and rental assumptions are reported/indicative.
Skylar by Meridian is a 28-storey serviced residence and condominium in Tonle Bassac’s diplomatic quarter. Developed by Meridian International Holding (Singapore-led), the building features a dual operation: private condo units and Somerset Norodom serviced apartments managed by Ascott (CapitaLand). This combination creates a strong corporate and expat tenant base with hotel-grade management. Completed in 2018 with proven occupancy. Entry from ~$135,000 with indicative gross yields of 5.5-7.5%.
Who rents here: Multinational professionals, corporate tenants, embassy staff, long-stay expatriates seeking premium serviced living.
Deal Pack (Verified Docs) – click to view what you’ll receive
- Current availability + pricing (by unit and floor)
- Payment terms for completed units
- Rental assumptions + Tonle Bassac comps
- Somerset/Ascott management details
- Floor plans and unit layouts
- Foreign ownership eligibility summary
- SPA checklist
- 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
Skylar by Meridian provides a premium living environment with hotel-grade services through its dual residential and serviced apartment operation.
Lifestyle
Building Services
Why Tonle Bassac?
Tonle Bassac is a premium residential and diplomatic district with strong lifestyle appeal, excellent safety and consistent demand from corporate and expatriate tenants. The area’s proximity to BKK1 provides access to premium amenities in a quieter, more residential setting.
Tenant profile: Corporate professionals, diplomats, long-stay expats
Rental demand: Very high – serviced residence and private rental
Key draws: AEON Mall, Bassac Lane, NagaWorld, Embassy Zone
Character: Premium, quieter than BKK1, strong international presence
Location Map
Approximate area map – contact us for exact location details.
Developer: Meridian International Holding
Meridian International Holding is a Singapore-led property group active across Cambodia and Southeast Asia. Known for strong design standards, disciplined construction quality and a professional hospitality management arm that operates across their residential portfolio.
Meridian Portfolio
Annual Holding Costs
For a full breakdown see our taxes and fees guide and hidden costs guide.
Unit Types and Pricing
Skylar by Meridian offers efficiently designed units with premium finishes, modern kitchens, large windows and strong natural light. Some units are allocated to Somerset Norodom’s serviced apartment operation.
Unit Pricing Overview
| Type | Size | From | $/sqm | Notes |
|---|---|---|---|---|
| Studio | ~53 sqm | TBC | ~$2.5k | Compact, strong yield |
| 1 Bed | ~50-65 sqm | ~$135k | ~$2.5k | Highest demand |
| 2 Bed | ~80-100 sqm | ~$210k | ~$2.3k | Couples, sharers |
Note: Prices vary by floor and view. Request the latest availability for confirmed figures.
Rental and Yields
Skylar benefits from dual demand streams: the private rental market and Somerset’s serviced apartment operation. This creates strong occupancy through both corporate and expat tenant channels.
Gross rent (1-bedroom, ~57sqm): ~$750/month
Annual gross rent: ~$9,000
Purchase price: ~$135,000
Indicative gross yield: ~6.7%
Net yield lower after costs. Actual rents depend on floor, furnishing, and market. Yields of 5.5-7.5% reported across unit types.
Regional Comparison: Why Cambodia?
Cambodia remains one of Southeast Asia’s most undervalued property markets. Read: Why Cambodia for freehold investment →
Mature market, lower yields
Emerging market, highest yields
Strong growth, but leasehold
Historic benchmark ranges for prime CBD new-builds (2024 data). Emerging markets carry higher risk.
Can Foreigners Own This?
Yes. Foreign buyers can purchase eligible strata-title (hard title) units above ground floor, subject to the building’s 70% foreign ownership quota.
Ownership type: Strata title (hard title)
Eligible floors: First floor and above
Foreign quota: Max 70% of building
Requirements: Valid passport
Transfer: Can sell, inherit, or transfer
Learn more: Strata Title Ownership Guide · Foreign Buyer Guides
Is This Right For You?
✓ This suits investors who want:
A completed building with proven occupancy and serviced residence operation. International-grade management through Somerset (Ascott/CapitaLand). Strong corporate and diplomatic tenant demand in Tonle Bassac. Singapore-led developer with professional hospitality arm. Dual income potential through private rental or serviced apartment channels. Freehold strata title with long-term capital appreciation potential.
✗ This may not suit investors who:
Want sub-$130k entry (1-beds start from ~$135k). Prefer boutique low-density living (~280 units in this building). Need brand-new finishes (completed 2018, now 8 years old). Are seeking the very highest yields (5.5-7.5% is mid-range). Prefer quieter residential-only environments over serviced apartment buildings.
Risk and Mitigations
Rents depend on floor, view, furnishing and market conditions. Mitigated by Somerset serviced operation and strong Tonle Bassac demand.
Completed 2018 – now 8 years old. Maintenance costs may increase over time. Mitigated by professional management and sinking fund provisions.
Resale market is developing. Mitigated by Tonle Bassac’s strong demand, Somerset brand, and Meridian’s reputation.
USD is widely used in Cambodia, but FX exposure depends on your base currency.
Independent lawyer review recommended. Use our due diligence checklist.
Transfer tax of 4% applies on completed property purchases. See our taxes and fees guide.
Frequently Asked Questions
Can foreigners buy at Skylar by Meridian?
Yes. Foreign buyers can purchase strata-title (hard title) units above ground floor, subject to the building’s 70% foreign ownership quota. Learn more about strata title ownership.
What is the estimated rental yield at Skylar by Meridian?
Indicative gross yields of 5.5-7.5%. A 1-bedroom at ~$135k renting at ~$750/month delivers approximately 6.7% gross. Actual yields depend on unit type, floor, furnishing, and market conditions. See our rental management guide.
Is Skylar by Meridian completed?
Yes. Completed in 2018 with strong occupancy through its serviced residence operation. No construction risk – you can inspect units and verify rental performance before purchasing.
What is the Somerset Norodom connection?
Some units are allocated to Somerset Norodom, an Ascott (CapitaLand) brand providing international-standard serviced apartment management. This creates a hotel-grade management option and dual demand stream for the building.
Which units rent best at Skylar by Meridian?
1-bedroom and 2-bedroom units perform best for corporate tenants and expatriates. The serviced apartment operation supports strong occupancy across all unit types.
How do I manage the property remotely?
Meridian operates an in-house hospitality division. Somerset (Ascott) manages allocated serviced units. Third-party management is also available at 8-12% of gross rent. See our rental management guide.
What are the annual holding costs?
Annual costs include service charge (confirm with developer), property tax (0.1% on assessed value above $25,000), and optional management fees. See our taxes and fees guide and hidden costs guide.
How do I exit or sell my investment?
Units can be sold to foreigners or Cambodians. Tonle Bassac has strong resale demand. The completed status, Somerset brand, and Meridian reputation support buyer confidence. See our exit strategy guide.
Exit Strategy Options
Investor Essentials (Foreign Buyers)
Explore Similar Projects
Important Disclaimers
- Prices: Indicative and subject to change.
- Yields: Gross estimates (5.5-7.5%). Net lower after costs.
- Foreign ownership: Per 2010 law, subject to 70% quota.
- Due diligence: Independent advice recommended before purchase.
Last updated: 13 February 2026. Subject to change.
Ready to Invest in Skylar by Meridian?
Access Tonle Bassac’s premium serviced residence market with Somerset (Ascott) management, proven occupancy, and freehold strata title. Get current availability, pricing, and rental performance data.
Development Details
| Developer | Meridian International Holding |
| Property Type | Apartment |
| Location | Phnom Penh |
| Total Units | 280 |
| Price Range | From $135,000 |
| Current Status | Completed |
| Posted Date | February 13, 2026 |
| Development ID | #906 |