Our rating assesses developers on five criteria. Scores range from 3.0 (minimum listing threshold) to 5.0 (outstanding). A 3.0 rating indicates enhanced due diligence is recommended.
Kingston Royale is a 36-storey condominium with 310 units in Boeung Tompun (Boeng Tumpun), Phnom Penh, near Tuol Tom Poung / Russian Market. Entry pricing from approximately US$49,000 (~US$1,000/sqm) makes it one of the most affordable new-build condos in the area. The developer operates under the Kingston Estates brand, which states 15+ years of operating history and 9 projects. Strata title ownership is available for foreign buyers. Construction was reported at 5% complete as of June 2025 with handover scheduled for Q4 2027 (reported).
310
Units
36F
Storeys
$49k
Starting From
5%
Built (Jun 2025)
Developer Overview
Kingston Royale Co., Ltd. is a Phnom Penh-based property developer operating under the Kingston Estates brand. The brand states it has over 15 years of operating history and 9 projects in Cambodia. Listing agents describe the developer as "experienced" with "a strong track record of delivering projects on time" and a "growing portfolio in Phnom Penh" (IPS Cambodia). However, details of completed projects, named founders and corporate history are developer-stated. Independent verification is recommended. The developer is listed by ERA Cambodia, IPS Cambodia, DaBest Properties, CambodiaProperty.asia and realestate.com.kh - broad agent coverage that indicates active market presence.
Kingston Royale is an off-plan Phnom Penh condominium in Boeung Tompun (Boeng Tumpun), near Tuol Tom Poung / Russian Market. The 36-storey building comprises 310 units across nine or more types: six 1-bedroom layouts (43-55 sqm) and three 2-bedroom layouts (65-85 sqm), all single-bathroom. Units feature 2.8-metre ceiling heights and are marketed as delivered furnished. The project is pet-friendly. ERA Cambodia lists starting prices from approximately US$49,000 (approximately US$1,000-$1,100/sqm). IPS Cambodia reported construction at 5% complete as of June 2025 (reported), with handover scheduled for Q4 2027 (reported).
Amenities include a rooftop sky swimming pool, sky garden, gym, steam room, sauna, jacuzzi, yoga space on the 33rd floor (reported), convenience mart, on-site retail, 7 car parking floors, 2 motorbike parking levels, 3 elevators and 24-hour security with video surveillance. The location near Russian Market provides access to Chip Mong Mega Mall 271, AEON Mall 3 (nearby), Khmer-Soviet Hospital, international schools and the new airport route. Bank loans are reported as available.
Competitive entry pricing - from approximately US$49,000 (US$1,000-$1,100/sqm), among the most affordable new-build condos in central Phnom Penh
Russian Market location - Boeung Tompun near established expat area with strong rental demand drivers
Verify track record independently - Kingston Estates states 15+ years and 9 projects (developer-stated). Independent verification of completed handovers is recommended
This assessment is not investment advice. The Kingston Estates brand's track record (15+ years, 9 projects) is developer-stated. Independent verification is recommended for all off-plan purchases. Riel Property rates developers to help investors compare options, not to guarantee outcomes.
Did you know?
Early-stage off-plan projects (under 20% construction) carry higher delivery risk but often offer the best pricing. Tying payment milestones to verified construction progress in your SPA is one of the strongest protections available. See our due diligence checklist.
Rating Breakdown
Delivery Track Record15+ years and 9 projects (developer-stated)
Kingston Estates: 15+ years, 9 projects (developer-stated). 5% construction progress
3.0/ 5.0
Assessment
The project is marketed under the Kingston Estates brand, which states it has over 15 years of operating history and 9 projects in Cambodia. IPS Cambodia references a "growing portfolio in Phnom Penh" and a "trusted local developer with a solid track record". However, specific project names, completion dates, and handover evidence are developer-stated. Independent verification is recommended. Construction on Kingston Royale was at 5% as of June 2025 (reported) with Q4 2027 handover - a substantial off-plan commitment. Investors should verify the developer's claimed portfolio through site visits, title checks and handover evidence before committing.
15+ years (claimed) 9 projects (claimed) Unverified in EN sources
Build QualityUnverifiable at current stage
2.8m ceilings, furnished, pet-friendly, no awards, no named constructor
3.5/ 5.0
Assessment
Units are marketed with 2.8-metre ceiling heights, furnished specification and pet-friendly policy. However, no specific construction partner has been named, no independent design or build quality awards have been identified, and no architectural firm has been credited. The 2.8m ceiling height is lower than the 3.2m offered by some competitors at similar price points. At 5% construction, build quality cannot be meaningfully assessed. The amenity specification on paper is competitive (wellness floor, rooftop pool, 7 parking floors) but remains unverifiable.
2.8m ceilings Pet-friendly No awards
Payment FlexibilityVery competitive pricing, bank loans
From ~$49k (~$1,000/sqm), bank loans available, 5% deposit (reported), promotional discounts
4.0/ 5.0
Assessment
The strongest aspect of the project. Entry pricing from approximately US$49,000 (US$1,000-$1,100/sqm) makes Kingston Royale one of the most affordable new-build condominiums in the Chamkarmon-adjacent area. ERA Cambodia lists 9 unit types providing good configuration variety. Bank loan facilities are reported as available and promotional discounts are offered. However, specific payment plan schedules, deposit requirements and instalment milestones have not been detailed in public sources. All pricing should be confirmed directly as terms may change.
From ~$49,000 Bank loans 9+ unit types
Rental PerformancePromising location, no GRR, Q4 2027
Russian Market area, no GRR, no management partner, Q4 2027 handover
3.5/ 5.0
Assessment
The Boeung Tompun location near Russian Market is a positive rental demand driver - the area has established expat and professional tenant demand. Proximity to Chip Mong Mega Mall 271, AEON Mall 3 and Khmer-Soviet Hospital adds convenience appeal. However, no guaranteed rental return programme has been identified, no property management partner has been named, and the building will not be operational until Q4 2027 at the earliest. Rental performance at the reported price point could be attractive if delivered, but cannot be assessed until the building is complete and occupied.
Russian Market area No GRR Q4 2027
Design & InnovationSolid amenity spec on paper
Rooftop pool, wellness floor, 7 parking levels, pet-friendly, no design awards
3.5/ 5.0
Assessment
The amenity specification is competitive for the price point: rooftop sky pool, dedicated 33rd-floor wellness space (gym, steam room, sauna, jacuzzi, yoga), sky garden, convenience mart, on-site retail, and 7 car parking floors plus 2 motorbike levels. The pet-friendly policy is a differentiator as most Phnom Penh condos restrict pets. However, no architectural or design firm has been named, no design awards have been identified, and at 5% completion the amenity delivery is entirely aspirational. The building concept is straightforward single-tower residential with standard architectural design.
Boeung Tompun is emerging as a more affordable alternative to nearby Russian Market and BKK areas. Proximity to established commercial zones supports rental demand, while lower entry prices can improve net yield percentages. See our best areas investment guide.
Investment Suitability
Kingston Royale targets budget-conscious investors and first-time buyers seeking an affordable off-plan condo investment in Phnom Penh near an established expat area. The ultra-competitive pricing is the primary value proposition. The Kingston Estates brand claims experience, but track record verification is essential before committing at this early construction stage.
Competitive Entry Pricing
From approximately US$49,000 (~$1,000/sqm). Among the most affordable new-build condos in the Chamkarmon-adjacent area with 9+ unit configurations.
Russian Market Location
Boeung Tompun near established expat area, Chip Mong 271, AEON Mall 3, Khmer-Soviet Hospital, international schools and new airport route.
Pet-Friendly Policy
One of few Phnom Penh condos marketed as pet-friendly. This differentiator can widen the tenant pool and support rental demand.
Verify Track Record
Kingston Estates states 15+ years and 9 projects (developer-stated). Confirm with site visits, title checks and handover evidence. Standard due diligence for off-plan purchases.
Payment Terms
All pricing and payment information below is sourced from ERA Cambodia and other listing agents. Terms may change. Confirm all figures directly before committing.
1BR Entry (Type I/H)
From ~US$49,000 (~47.5 sqm, 1 bed/1 bath, furnished). Approximately US$1,032/sqm. Confirm current pricing directly.
1BR Mid-Range (Type D)
From ~US$60,000 (~54.9 sqm, 1 bed/1 bath, furnished). Approximately US$1,093/sqm. Confirm current pricing directly.
2BR Entry (Type C)
From ~US$71,700 (~65.2 sqm, 2 bed/1 bath, furnished). Approximately US$1,100/sqm. Confirm current pricing directly.
2BR Premium (Type A)
From ~US$93,000 (~84.7 sqm, 2 bed/1 bath, furnished). Approximately US$1,098/sqm. Confirm current pricing directly.
Deposit & Bank Loans
Deposit from 5% (reported). Bank loan financing referenced by multiple listing agents. Promotional discounts offered. Specific instalment schedule and interest rates not publicly detailed - confirm all terms directly.
Ownership Structure
Foreign buyers eligible for strata title (hard title) ownership on units above ground floor, subject to the 70% foreign ownership quota. Unit ownership, not land. See our glossary for key terms.
Investor Due Diligence Checklist
All off-plan purchases require standard due diligence. The Kingston Estates brand states a substantial track record (developer-stated). This checklist highlights key areas investors should verify independently.
Verify Developer Track Record
Kingston Estates states 15+ years and 9 projects. Request a list of completed developments, visit completed sites, check title status of delivered units, and verify handover evidence. Confirm corporate registration with the Ministry of Commerce.
Construction Permits & Approvals
Confirm valid construction permit from relevant authorities. Verify land title and development rights for the project site. Check for any encumbrances on the land.
Escrow / Payment Protection
Establish whether buyer payments are held in escrow or paid directly to the developer. Cambodia does not universally mandate escrow for off-plan purchases. Understand your exposure if the project stalls.
Construction Progress Monitoring
At 5% complete (June 2025), request regular construction progress reports and photographic evidence. Consider tying payment milestones to verified construction stages in your SPA.
SPA Review
Have your Sale and Purchase Agreement reviewed by an independent Cambodian property lawyer. Check completion penalties, refund provisions, specification guarantees and delay remedies.
Strata Title Verification
Confirm strata title (hard title) will be issued post-completion. Verify the 70% foreign ownership quota has not been exceeded and that your unit qualifies (above ground floor).
Bank Loan Terms
If relying on bank financing, confirm loan availability, interest rates, LTV ratios and eligibility for foreign buyers before signing. Terms referenced in marketing are not binding commitments.
Exit Strategy
Assess resale liquidity for Boeung Tompun area condos. Consider the competitive supply of new-build condos at similar price points. The low entry cost limits capital-at-risk but resale demand for this developer/area is untested. See our exit strategy guide.
Strengths & Considerations
Strengths
Ultra-competitive pricing - from approximately US$49,000 (~$1,000/sqm), one of the most affordable new-build condos in the Chamkarmon-adjacent areaInvestor angle: low capital-at-risk with bank loan availability reducing upfront cash commitment
Russian Market location - Boeung Tompun near established expat area with proximity to Chip Mong 271, AEON Mall 3, Khmer-Soviet Hospital, international schoolsInvestor angle: established rental demand area with good transport links and amenity access
Pet-friendly policy - marketed as one of few Phnom Penh condos allowing pets, widening the potential tenant poolInvestor angle: pet-friendliness is an increasingly valued differentiator for expat tenants
Unit variety - 9+ unit types from 43-85 sqm across 1BR and 2BR layouts, all furnished, with bank loans and promotional discounts availableInvestor angle: broad unit mix provides flexibility for different budget levels and investor strategies
Considerations
Track record is developer-stated - Kingston Estates brand states 15+ years and 9 projects. Independent verification of handover records and title issuance is recommendedMitigation: request portfolio list from the developer, visit completed sites, verify title status and handover records independently
Very early construction stage - 5% complete as of June 2025 with Q4 2027 handover. Extended off-plan exposure with an unproven developerMitigation: tie SPA payment milestones to verified construction stages and establish escrow or refund provisions
No GRR or management partner - no guaranteed rental return programme and no named property management company. Rental income is entirely self-managedMitigation: budget for independent property management and void periods in rental projections
No awards or named construction partner - no PropertyGuru, CREA or other industry recognition. No architect or construction firm has been credited publiclyMitigation: request construction partner details, specifications and material certifications directly from the developer or Kingston Estates
Frequently Asked Questions
Who is Kingston Royale Co Ltd?
Kingston Royale Co., Ltd. operates under the Kingston Estates brand, which states it has over 15 years of operating history and 9 projects in Cambodia. These are developer-stated claims. Independent verification is recommended. The project is listed by major agents including ERA Cambodia, IPS Cambodia and DaBest Properties. Investors should verify the developer's completed projects through site visits, title checks and handover evidence. See our developer hub for all Cambodia developers and our due diligence guide for verification steps.
What is Kingston Royale Condominium?
Kingston Royale is a 36-storey condominium under construction in Boeung Tompun, Phnom Penh, near Russian Market. The project comprises 310 units across 1-bedroom (43-55 sqm) and 2-bedroom (65-85 sqm) configurations. All units are single-bathroom, furnished and feature 2.8-metre ceiling heights (reported). Pricing starts from approximately US$49,000. The project is marketed as pet-friendly. Construction was reported at 5% complete as of June 2025, with handover scheduled for Q4 2027. See our glossary for key Cambodia property terms.
Can foreign buyers purchase Kingston Royale units?
Yes. Foreign buyers can purchase eligible units via strata title (hard title) ownership, subject to the standard conditions: units must be above ground floor and within the 70% foreign ownership quota per building. This is unit ownership, not land ownership. Confirm availability and quota status with the developer before committing. See our strata title guide for full details on foreign ownership in Cambodia.
What are Kingston Royale prices?
ERA Cambodia lists 9 unit types: 1-bedroom units from approximately US$49,000 (43 sqm) to US$60,000 (55 sqm), and 2-bedroom units from approximately US$71,700 (65 sqm) to US$93,000 (85 sqm). Pricing is approximately US$1,000-$1,100 per sqm. Bank loans are reported as available and promotional discounts are offered. All pricing should be confirmed directly as terms may change.
What is the construction status of Kingston Royale?
As of June 2025, IPS Cambodia reported construction at approximately 5% complete. Handover is scheduled for Q4 2027. This is a very early-stage project. Investors should request regular construction progress updates and consider tying payment milestones to verified construction stages in their SPA. See our due diligence guide for off-plan investment considerations.
Does Kingston Royale offer guaranteed rental returns?
No guaranteed rental return programme has been publicly identified for Kingston Royale. The project is marketed with bank loan availability and promotional discounts, but no GRR or rental management partnership has been reported. Investors planning to rent should budget for independent property management and research comparable rental yields in the Boeung Tompun area independently. See our rental management guide.
How does Riel Property rate Kingston Royale Co Ltd?
Riel Property rates Kingston Royale Co Ltd 3.5/5.0, reflecting the very competitive pricing (from ~US$49,000), good Boeung Tompun location near Russian Market, and the Kingston Estates brand claiming 15+ years and 9 projects. The score accounts for these track record claims being developer-stated; independent verification is recommended, no awards, very early construction stage (5% as of June 2025, reported), and no named construction or management partners. See our developer track record guide for our rating methodology.
Speak to our team about Kingston Royale availability, pricing and payment terms. We provide after-sales support throughout your ownership. No obligation - all terms confirmed in writing.
All information on this page is sourced from publicly available listing agents (ERA Cambodia, IPS Cambodia, CambodiaProperty.asia, DaBest Properties, realestate.com.kh) and the developer's own website. The Kingston Estates brand's track record (15+ years, 9 projects) is developer-stated. Prices, specifications and availability may change without notice. This is not financial or investment advice. Strata title ownership conditions apply. Investors should seek independent professional advice.
Riel Property is not affiliated with Kingston Royale Co., Ltd. and does not receive commission from the developer.
