Urban Village Phase 2 | Completed Community Condo, Hun Sen Boulevard, Phnom Penh
Developer: Urban Living Solutions
About This Development
Urban Village Phase 2 | Completed Community Condo, Hun Sen Boulevard, Phnom Penh
Award-winning 4-tower completed community condo by Goldfame Group (Hong Kong) and Urban Living Solutions. 1,700 units across Buildings E, F, G (51 floors) and Sky Prime H (60 floors). Adjacent to Factory Phnom Penh, Southeast Asia’s largest creative hub. Designed by Atelier Cole (England). Hard title, foreign eligible. From $78,030. 78% sold – remaining units available for immediate move-in. Pet friendly.
Urban Village Phase 2 for Sale in Phnom Penh
This is a completed luxury community condominium for sale in Meanchey, Phnom Penh, with foreign ownership eligible hard title (strata, above ground floor, subject to quota). Immediate move-in available on remaining units.
Urban Village Phase 2 is completed and handed over. 78% sold – remaining units available for immediate purchase. All pricing indicative – confirm current availability directly.
Urban Village Phase 2 is one of Phnom Penh’s most distinctive completed developments – a 1,700-unit community condo across 4 towers (up to 60 floors) on Hun Sen Boulevard by Goldfame Group (Hong Kong). What sets it apart: it sits directly adjacent to Factory Phnom Penh, a 3.4-hectare creative hub with co-working spaces, art galleries, cafes, and cultural venues. This is not a standard tower – it is a live-work-play ecosystem. Designed by Atelier Cole (England) with 45% greening, 100% natural ventilation and lighting in all units, and pet-friendly policy. Hard title. From $78,030 (~$2,786/sqm). South corridor yields typically 6.0-8.0% gross. Completed – immediate rental income, no construction risk. Phase 1 (828 units) sold out.
Target buyer: Expats, creative professionals, and investors seeking community-focused living with immediate rental income. Especially appealing to buyers who want more than a generic condo – the Factory PP connection creates genuine lifestyle differentiation.
Deal Pack (Remaining Units) – click to view what you will receive
- Available unit list and confirmed pricing
- Floor plans and unit configurations
- Rental comparables and yield estimates
- Financing options (up to 70%)
- Foreign ownership eligibility summary
- SPA checklist and due diligence pack
- Typically same day (business hours): Full pack sent.
- Usually within 1 business day: Team follow-up with unit options.
- No pressure: Take your time.
Amenities
Urban Village Phase 2 is designed as a community-first development with 45% greening rate, 100% natural ventilation and lighting in every unit, and direct access to Factory Phnom Penh’s extensive facilities.
Residential Amenities
Building Services
Factory Phnom Penh – The Creative Hub Next Door
What truly differentiates Urban Village from every other Phnom Penh condo: Factory Phnom Penh sits directly adjacent. This 3.4-hectare creative hub – converted from a former Goldfame garment factory – is one of Southeast Asia’s largest creative spaces and gives residents an unmatched live-work-play lifestyle.
Factory Phnom Penh is a genuine tenant magnet. Creative professionals, expats, startups, and NGO workers gravitate toward the area specifically because of the hub. This creates organic rental demand that does not rely solely on proximity to offices or malls – it is driven by community and lifestyle. Over 150 businesses already operate from the complex.
Location: Hun Sen Boulevard South Corridor
Urban Village Phase 2 sits on Hun Sen Boulevard (the “60-metre street”), one of Phnom Penh’s fastest-developing corridors. The southern approach to the city centre is undergoing rapid transformation with new malls, schools, and infrastructure.
Key nearby: AEON Mall 3, Chip Mong 271 Mega Mall, ISPP (International School of Phnom Penh), Royal University of Law and Economics
Distance to centre: ~15 minutes to Phnom Penh City Centre
New airport: ~20 minutes to new Phnom Penh International Airport (Techo)
Character: Fast-growing residential and commercial corridor with strong expat community
Road: Hun Sen Boulevard (60m wide) – major arterial route
Location Map
Urban Village Phase 2 is located on Hun Sen Boulevard, Chak Angrae Leu, Meanchey. Approximate area map.
Developer: Goldfame Group and Urban Living Solutions
Urban Village is a joint venture between Goldfame Group (Hong Kong) and Urban Living Solutions. Goldfame has deep roots in Cambodia, originally operating some of the country’s largest garment factories before pivoting to real estate development. The Factory Phnom Penh creative hub was born from repurposing one of these factory complexes.
Goldfame has operated in Cambodia for over two decades and was recognised at the PropertyGuru Asia Property Awards (confirm specific categories and years with the developer). Phase 1 of Urban Village (828 units across four 23-storey buildings) sold out. The broader Urban Hub project represents a total investment reportedly exceeding $1 billion. See developer track record guide.
Annual Holding Costs
Transfer tax ~4% of property value. See taxes and fees guide and hidden costs guide.
Unit Types and Pricing
Urban Village Phase 2 offers 1,700 units across 4 towers with a wide range of configurations. All units feature balconies, 100% natural ventilation and lighting. 78% sold – remaining units available for immediate move-in.
Unit Overview
| Type | Size (net) | Price From | ~$/sqm |
|---|---|---|---|
| Studio | 28 sqm | $78,030 | ~$2,786 |
| 1-Bedroom | 37-60 sqm | TBC | Varies |
| Loft | Varies | TBC | Higher ceilings |
| 2-Bedroom | Varies | TBC | Varies |
| 3-Bedroom | Up to 111 sqm | TBC | Varies |
Note: Sales price includes basic flooring, lighting, wooden doors, kitchen cabinet, bathroom wares, and 10% VAT. Transfer tax (4%) payable by buyer at handover. 30% downpayment, up to 70% financing available. Confirm current availability and pricing for specific units.
Rental and Yields
The Hun Sen Boulevard south corridor benefits from growing expat demand, driven by proximity to international schools (ISPP), the Factory Phnom Penh community, and improving infrastructure. Completed status means immediate rental income – no waiting for construction.
South corridor gross yields: ~6.0-8.0%
Tenant profile: Expats, creative professionals, NGO workers, ISPP families
Key demand driver: Factory Phnom Penh adjacent – organic lifestyle tenants
Pet friendly: Rare in PP condos – broadens tenant pool
Completed: Immediate rental income, no construction wait
Illustrative only. Net yields lower after costs. Actual rents depend on unit type, floor, furnishing and market conditions.
Regional Comparison: Why Cambodia?
Cambodia remains one of Southeast Asia’s most undervalued property markets. Read: Why Cambodia for freehold investment →
Mature, lower yields
Emerging, highest yields
Strong growth, leasehold
Historic benchmark ranges for prime new-builds (2024 data). Emerging markets carry higher risk.
Can Foreigners Own This?
Yes. Hard title (strata) above ground floor, subject to the 70% foreign ownership quota per Cambodian law. Up to 70% bank financing available.
Ownership: Hard title (strata)
Floors: First floor and above
Quota: Max 70%
Requirements: Valid passport
Financing: Up to 70% available
Transfer: Can sell, inherit, or transfer
Learn more: Strata Title Guide · Foreign Buyer Guides
Is This Right For You?
✓ This suits investors who want:
Completed project with immediate rental income – zero construction risk. Community-focused lifestyle with Factory Phnom Penh creative hub adjacent. Strong expat tenant demand driven by ISPP, co-working spaces, and lifestyle amenities. Pet-friendly policy broadening the tenant pool. Affordable entry from $78k with 70% financing available. Proven developer with Phase 1 sold out and award-winning track record. 100% natural ventilation and lighting in all units. 45% green space in a community designed by English architects.
✗ This may not suit investors who:
Want a BKK1 or Daun Penh central address. Prefer boutique low-density developments. Need ultra-premium finishes and concierge-level services. Are concerned about 1,700-unit supply volume. Want city-centre walkability to embassies and corporate offices. Prefer newer, freshly launched projects with pre-sale pricing upside.
Risk and Mitigations
1,700 units across 4 towers means significant supply. 78% sold is strong, but remaining inventory and future resales create competition. See exit strategy guide.
Meanchey / Hun Sen Boulevard is not BKK1 or Daun Penh. Some tenants and buyers still perceive “south of centre” as secondary. The area is developing rapidly but remains less established than core central districts.
Hun Sen Boulevard is attracting multiple new developments. Increased supply along the corridor may affect rental rates and occupancy. Monitor new launches in the area.
USD widely used in Cambodia. Capital gains tax rules have been subject to timing changes and have been deferred previously. Confirm current position with your adviser. Taxes guide.
Independent lawyer review strongly recommended for SPA. Transfer tax ~4%. Due diligence checklist.
Frequently Asked Questions
Can foreigners buy at Urban Village Phase 2?
Yes. Hard title (strata) above ground floor, subject to the 70% foreign ownership quota. Up to 70% bank financing available. Strata title guide.
What is the estimated rental yield?
Phnom Penh south corridor yields typically range 6.0-8.0% gross. Factory Phnom Penh and ISPP proximity drive strong expat tenant demand. Net yields lower after costs. See rental management guide.
Is Urban Village Phase 2 completed?
Yes. 100% construction complete. Handover ongoing. 78% of units sold. Remaining units available for immediate purchase and move-in.
Who is the developer?
Joint venture between Urban Living Solutions and Goldfame Group (Hong Kong). Goldfame has over two decades in Cambodia. Phase 1 (828 units) sold out. The project was recognised at PropertyGuru Asia Property Awards (confirm specific categories and years with the developer). See developer track record guide.
What is Factory Phnom Penh?
A 3.4-hectare creative hub adjacent to Urban Village, converted from a former garment factory. Includes co-working spaces, art galleries, studios, cafes, restaurants, skateboard park, trampoline park, and cultural events. Over 150 businesses operate from the complex. Residents have direct access. Phnom Penh area guide.
What are the unit types and pricing?
Studios from 28 sqm, 1-beds from 37-60 sqm, 2-beds and 3-beds up to 111 sqm, plus loft units with higher ceilings. From $78,030 (~$2,786/sqm). 30% downpayment, up to 70% financing. Confirm current availability for remaining units.
Is Urban Village pet friendly?
Yes. Urban Village Phase 2 is pet friendly, which is relatively rare among Phnom Penh condos and broadens the tenant pool for investors. Rental management guide.
How do I exit or sell?
Hard title (strata) – sell to foreigners or Cambodians. Being completed with proven occupancy and the Factory PP lifestyle connection strengthens resale positioning. The Hun Sen Boulevard corridor continues to develop with new infrastructure. Capital gains tax rules subject to change – confirm with your adviser. See exit strategy guide.
Exit Strategy Options
Investor Essentials (Foreign Buyers)
Explore Similar Projects
Important Disclaimers
- Status: Completed. 100% construction. 78% sold.
- Prices: From $78,030 (~$2,786/sqm). Confirm current availability.
- Yields: South corridor 6.0-8.0% gross (indicative). Net lower after costs.
- Developer: Goldfame Group (Hong Kong) + Urban Living Solutions. Phase 1 sold out.
- Foreign ownership: Hard title strata, subject to 70% quota. 70% financing available.
- Factory PP: Adjacent creative hub – 3.4ha, 150+ businesses.
Last updated: 14 February 2026. Subject to change.
Interested in Urban Village Phase 2?
Completed community condo by Goldfame Group. Adjacent to Factory Phnom Penh creative hub. Hard title, 70% financing, pet friendly. From $78k. Get available unit list and rental estimates.
Development Details
| Developer | Urban Living Solutions |
| Property Type | Apartment |
| Location | Phnom Penh |
| Total Units | 1,700 |
| Price Range | From $78,000 |
| Expected Completion | 2024 |
| Current Status | Pre Launch |
| Posted Date | February 14, 2026 |
| Development ID | #954 |