Agile Group Holdings Ltd

The building is completed and operational - that is the single most important fact for investors. Agile Sky Residence was completed Q1 2022 and is a functioning 45-storey residential tower on Preah Monivong Boulevard in BKK3. Units are occupied, rented, and traded on the resale market. The local Naki Group partner brings its own delivery track record from Silvertown Metropolitan (2014) and other projects.

However, this is the only project delivered by this specific JV entity. There is no pipeline and no indication of further projects. The parent Agile Group's financial distress means the corporate backing that originally supported this project is no longer a reliable factor. The score reflects a genuine completed building offset by the narrow track record and parent company risk.

The physical building is solid for the BKK3 price point. Agile Sky Residence features 45 storeys with a reported height of approximately 140 metres, nine high-speed lifts, soundproof windows, 424 parking spaces and amenities including a sky swimming pool, gym, sky bar, sky club and cafe, yoga area, book lounge and fire protection systems. Interiors were reportedly designed by Patrick Leung, an interior designer marketed as having won over 200 international awards.

Units are available in bare shell and furnished options. Reports indicate that bare units are delivered without finishes (no tiles, kitchen or partition walls), with full furnishing packages marketed separately at approximately US$18,000. This is important for buyers to understand - a "bare" unit requires significant additional investment to become liveable or rentable. The overall build quality appears competent for a mass-market high-rise but not in the same tier as premium BKK1 condos.

As a completed building, Agile Sky Residence is primarily a resale market. Units have been listed from approximately US$70,000 to US$97,000 depending on floor level, unit size and furnishing status (based on third-party listing data). Some listings indicate up to 12-month instalment plans may be available on remaining developer stock, but this should be verified directly.

The completed status means no off-plan risk - what you see is what you get. However, payment flexibility is limited compared to off-plan projects that offer extended construction-period payment plans. The entry price point is accessible for the Phnom Penh condo market, but the need for furnishing packages on bare units (marketed at approximately US$18,000) adds to the true cost. The parent company's financial distress raises questions about any remaining developer warranties, incentives or support programmes.

Agile Sky Residence is situated on Preah Monivong Boulevard in BKK3, adjacent to BKK1. The location is central and well-connected, with proximity to Aeon Mall, the Russian Market, international schools and hospitals. BKK3 attracts a mix of expatriate and local tenants, though it does not command the same rental premiums as BKK1.

Active rental listings show units from approximately US$680/month for one-bedroom units (based on third-party listing data), with larger units and short-term rentals (including Airbnb-style serviced apartments) also present on the market. The key challenge is the approximately 900-unit count - this is a high-density building where multiple owners compete for the same tenant pool. High internal supply tends to put downward pressure on rental rates and can increase vacancy periods. Investors should model rental income conservatively and factor in management fees, vacancy periods and the competitive dynamics of a building with approximately 900 units.

Agile Sky Residence offers a solid amenity package for the price point: sky swimming pool, gym, sky bar, sky club and cafe, book lounge, yoga area, children's zone (indoor and outdoor), maze garden and event space. Nine high-speed lifts serve the 45-storey building, and 424 parking spaces are provided. The building offers city and river views from upper floors.

The design is functional and competent rather than architecturally distinctive. Unit layouts range from studio (approximately 39 sqm) to three-bedroom (approximately 111 sqm), with the one-bedroom (approximately 57 sqm) being the most common unit type. The building does not have a strong brand identity or design narrative that differentiates it from other mass-market high-rises in Phnom Penh. It is a straightforward residential tower positioned at an accessible price point.