New Developer Partnership - Technology-Driven Design - Phnom Penh
3.0 / 5.0Riel Property Rating
Imajineer and CDK Development is a developer partnership behind Citadel Manor, a 37-floor boutique condominium in Toul Tom Poung 2, Phnom Penh. The project comprises 160 residences from approximately $78,000 with strata title for foreign buyers. With no completed projects in Cambodia, the partnership currently holds a 3.0 Riel Property rating, indicating heightened due diligence is recommended.
1
Project
160
Total Units
2025
Partnership Formed
3.0
RP Rating
Developer Overview
Imajineer and CDK Development is a partnership formed in 2025 to develop Citadel Manor, a 37-floor boutique condominium in Toul Tom Poung 2 (Russian Market district), Chamkarmon, Phnom Penh. The partnership was formalised at a signing ceremony at Raffles Hotel Le Royal in August 2025. CDK Development reportedly brings real estate development experience, while Imajineer contributes architectural design, 3D visualisation technology, and smart building systems.
Imajineer is a technology and design firm headquartered in BKK1, Phnom Penh. Founded by Samuel Doe, an architect and designer of Japanese-American descent, the company specialises in 3D renders, animations, virtual tours, and architectural design. Imajineer's portfolio includes design work for projects such as Time Square 6, Picasso Sky Gemme, and LA Residence, though these were completed as a design services provider rather than as a co-developer. Citadel Manor marks Imajineer's first foray into property development as a named partner.
No completed property development projects have been identified under the Imajineer and CDK Development partnership. The developer has indicated discussions with Japanese hotel operators for the hotel-managed floors (6-14) of Citadel Manor, but no operator name or management agreement has been confirmed. The identity of the hotel operator will have a meaningful impact on building reputation, rental performance, and resale appeal.
Design-led approach. Wabi-Sabi design philosophy, 3.5m ceiling heights, and fully furnished handover differentiate the product from standard Phnom Penh condominiums.
Smart building technology. AI-integrated systems including concierge, food delivery robots, and smart room controls are planned for the building.
Competitive entry price. From approximately $78,000 at reported $1,200/sqm, positioned below BKK1 new-build averages of $2,500-3,500/sqm.
Multiple payment options. Three reported payment plan structures (30/70, 50/50, 85/15) with 0% interest during construction.
No completed projects. This is the partnership's first development in Cambodia. No delivery track record to assess. Heightened due diligence recommended.
Hotel operator unconfirmed. The developer reports discussions with Japanese hotel operators, but no name or agreement has been published.
New developer advisory: Imajineer and CDK Development is classified as a new developer with no completed projects. Investors should verify land ownership, construction permits, developer financials, and escrow arrangements independently before committing capital. See how to check a developer track record.
Did you know?
Citadel Manor's design draws on the Japanese philosophy of Wabi-Sabi, which finds beauty in imperfection and natural materials. The project's architect, Samuel Doe, has applied this principle across the building's interiors and amenity spaces. You can read more about how design and build quality affect investment decisions in our developer verification guide.
Developer Rating Breakdown
Overall: 3.0 / 5.0 A new developer partnership with no completed projects. The 3.0 rating indicates heightened due diligence is recommended. Score may be revised as construction progresses.
Delivery Track Record
No completions
3.0
Assessment: No completed property development projects identified under the Imajineer and CDK Development partnership. Citadel Manor is the developer's debut project in Cambodia. Construction has not yet commenced.
Evidence: Partnership formed August 2025. Citadel Manor announced at Raffles Hotel Le Royal signing ceremony. Construction expected late 2026. No prior residential delivery to evaluate.
Build Quality
Premium spec planned
3.0
Assessment: The specification described in marketing materials is premium - 3.5m ceiling heights, fully furnished handover, six amenity floors, AI smart building systems. However, the project is unbuilt and there is no completed product to evaluate. No named construction contractor has been publicly confirmed.
Evidence: Imajineer has a portfolio of architectural design and 3D visualisation work. The firm has provided design services for other Phnom Penh projects. The founder (Samuel Doe) has a design background, but the partnership's construction delivery capability is unverified.
Payment Flexibility
3 options reported
3.5
Assessment: Three payment plan options reported (30/70, 50/50, 85/15) with 0% interest on installments over 36 months. Multiple deposit levels give buyers some flexibility. Higher deposits reportedly attract larger discounts. Exact discount tiers and booking fee have not been publicly confirmed.
Evidence: Payment structures sourced from developer marketing materials and RP property listing. Standard off-plan payment structure for the Phnom Penh market. Terms should be confirmed in writing before signing any SPA.
Rental Performance
TTP location, unproven
3.5
Assessment: Toul Tom Poung has established rental demand from expatriates and long-term residents. The developer projects approximately 9% gross yield based on comparable one-bedroom rental rates of $600-800/month. However, TTP has a smaller tenant pool than BKK1 or Tonle Bassac, and the building is unproven. Rental performance will depend heavily on building management quality and the hotel operator.
Evidence: Yield projections sourced from developer materials and TTP rental comparables. Hotel operator for floors 6-14 has not been confirmed. Actual yields will depend on occupancy, management fees, and market conditions at completion.
Design & Innovation
Strong concept
3.5
Assessment: The design concept is notably differentiated from standard Phnom Penh condominiums. Wabi-Sabi design philosophy, 3.5m ceiling heights (higher than market standard), six dedicated amenity floors, AI-integrated smart systems, and a low-density 160-unit layout across 37 floors create a distinctive product proposition. However, the concept is currently expressed only in renders and marketing materials.
Evidence: Imajineer's founder (Samuel Doe) has an architectural design background with a portfolio including high-rise, modular, and yacht design. The firm specialises in 3D visualisation and smart building technology. Design intent is strong, but execution and delivery remain unverified.
Citadel Manor is the only identified project under the Imajineer and CDK Development partnership. Construction expected late 2026. Completion targeted late 2029. No additional projects have been announced.
Interested in Citadel Manor or Toul Tom Poung investment options?
Toul Tom Poung has fewer strata title condo projects than BKK1 or Tonle Bassac, which can reduce direct competition for tenants if the building delivers well. Entry pricing in TTP is typically 30-50% below comparable BKK1 projects. See our best areas guide for a full district comparison.
Investment Suitability
Entry-Level Investors
Hotel residence one-bedroom units from approximately $78,000 offer a lower entry point than BKK1 comparables. Fully furnished handover removes fit-out costs. Suited to investors comfortable with new-developer risk in exchange for competitive pricing.
Owner-Occupiers
Executive and premium floors (17-32) offer larger units with lower density (4-5 units per floor). The 3.5m ceiling heights and Wabi-Sabi design create a lifestyle product. Best suited to buyers who value design and are comfortable with a new developer.
Overseas Investors
Strata title for foreign buyers confirmed. Fully furnished handover and proposed hotel management (floors 6-14) could suit hands-off investors. Hotel operator remains unconfirmed. Remote setup available through Riel Property.
Risk-Averse Buyers
Not recommended for risk-averse investors seeking established developer track records. The developer has no completed projects. Consider developers with proven completion histories. See our developer hub for alternatives.
Payment Terms (Reported)
3 Payment Plans
30/70, 50/50, or 85/15 deposit options reported
0% Interest
On installments over reported 36-month construction period
Fully Furnished
All units handed over furnished, removing typical $5k-15k+ fit-out cost
Higher Deposit Discounts
Larger down payments reported to attract greater discounts
Payment terms sourced from developer marketing materials. Exact discount tiers and booking fee should be confirmed in writing. See payment plans explained.
Strengths & Considerations
Strengths
Differentiated design concept with Wabi-Sabi philosophy and 3.5m ceiling heights
Fully furnished handover eliminates fit-out costs for investors
Low density - 160 units across 37 floors with strong elevator ratio (1:40)
Six dedicated amenity floors including wellness sanctuary and rooftop club
AI smart building technology planned throughout
Three flexible payment plan options with 0% interest reported
Considerations
No completed projects in CambodiaHeightened due diligence essential. Verify developer financials and permits independently.
Hotel operator not yet confirmedThe operator will significantly impact rental performance and building reputation.
TTP has a smaller rental market than BKK1 or Tonle BassacTenant pool is present but narrower. Rental performance depends on building quality.
Construction has not yet commencedExpected late 2026. Off-plan timelines can shift. Monitor progress.
Gross-to-net ratio of approximately 70% (developer-reported)Higher common area share than typical. Compare net-to-net when benchmarking.
Mixed-use model with hotel guests sharing amenitiesSome buyers prefer residents-only environments. Consider lifestyle impact.
Frequently Asked Questions
Who are Imajineer and CDK Development?
Imajineer and CDK Development is a developer partnership formed in 2025 to deliver Citadel Manor, a 37-floor boutique condominium in Toul Tom Poung 2, Phnom Penh. CDK Development brings real estate development expertise, while Imajineer contributes architectural design and smart building technology. Their partnership was formalised at a signing ceremony at Raffles Hotel Le Royal in August 2025. This is their first joint property development project in Cambodia.
What projects has Imajineer and CDK Development completed?
As of March 2026, Imajineer and CDK Development have no completed projects in Cambodia. Citadel Manor TTP2 is their debut development. Construction is expected to begin late 2026 with completion targeted for late 2029. Investors should conduct heightened due diligence given the developer's limited track record. See the due diligence checklist for guidance.
What is Citadel Manor TTP2?
Citadel Manor is a 37-floor boutique condominium in Toul Tom Poung 2 (Russian Market district), Chamkarmon, Phnom Penh. It comprises 160 residences across 1 to 4 bedroom layouts (63-367 sqm gross). Entry from approximately $78,000. All units handed over fully furnished with 3.5m ceiling heights. The building features six dedicated amenity floors and AI-integrated smart building systems. Strata title confirmed for foreign buyers.
Can foreigners buy at Citadel Manor?
Yes. Strata title (hard title) is confirmed for foreign buyers above the ground floor, subject to the building's foreign ownership quota of up to 70% under Cambodian law. Valid passport required. Independent legal review recommended. See the strata title guide for full details.
What is the Riel Property rating for Imajineer and CDK Development?
Imajineer and CDK Development currently holds a 3.0 out of 5.0 Riel Property rating. This reflects their status as a new developer partnership with no completed projects in Cambodia. The rating indicates that heightened due diligence is recommended. The score may be revised upward as construction progresses and the developer builds a verifiable track record.
What payment plans are available at Citadel Manor?
Three payment options are reported: 30/70 (30% down, 70% in installments), 50/50 (50% down, 50% in installments), or 85/15 (85% down, 15% in installments). All options reportedly include 0% interest over 36 months. Higher down payments attract larger discounts. Terms should be confirmed in writing. See payment plans explained for guidance on off-plan payment structures.
Is Imajineer and CDK Development a safe developer to buy from?
Imajineer and CDK Development is a new developer partnership with no completed projects in Cambodia. This means there is no delivery track record to assess. No negative press or disputes have been identified. However, the absence of completed projects means heightened due diligence is essential. Verify land ownership, construction permits, and the developer's financial standing independently. See how to check a developer track record for a step-by-step verification guide.
We provide after-sales support throughout your ownership. No obligation - all terms confirmed in writing.
Riel Property is not affiliated with Imajineer and CDK Development. Information compiled from publicly available sources including developer marketing materials, industry press coverage (Construction & Property, IPS Cambodia), and the Imajineer company website. All data points should be independently verified before making any purchase decision. Riel Property does not warrant the accuracy or completeness of the information presented.
Our rating assesses developers on five criteria. Scores range from 3.0 (heightened due diligence recommended) to 5.0 (outstanding), awarded in half or full increments only.
