Le Conde 2 | 60-Storey Luxury Condo, BKK1, Phnom Penh
Developer: Wang Fu Guo Ji Property Development Co.
About This Development
Le Conde 2 BKK1 | 60-Storey Luxury Condo, Phnom Penh
60-storey luxury condominium on a 1,736 sqm corner plot at Street 352 and Street 63, BKK1 by Wangfu. 398 units (1-5 bed + penthouses). Freehold hard title, foreign eligible. Xiaomi smart home. 3.2m ceilings. Fully furnished. Pre-sale phase. Follow-up to Le Conde 1 (1,080 units, 800+ sold, multiple Cambodia Property Awards).
Le Conde 2 for Sale in BKK1, Phnom Penh
This is an off-plan luxury condominium for sale in BKK1, Phnom Penh, offered on a POA pre-sale basis with foreign ownership eligible strata title (freehold hard title, above ground floor, subject to quota).
Le Conde 2 is in pre-sale phase. All pricing, yields, unit sizes, and specifications are indicative/reported until officially confirmed by the developer. Third-party pricing estimate (~$2,424/sqm) is unverified.
Le Conde 2 is BKK1’s most anticipated new launch – a 60-storey luxury tower by Wangfu on a prime 1,736 sqm corner plot at Street 352 and Street 63. The sequel to Le Conde 1 (43 floors, 1,080 units, 800+ sold, multiple Cambodia Property Awards, managed by Hopetree Japan). Le Conde 2 is more exclusive: 398 units versus 1,080 in Phase 1. Freehold hard title, fully furnished, Xiaomi smart home, 3.2m ceilings. BKK1 luxury yields typically 6.0-8.0% gross. Pre-sale entry may offer capital uplift between purchase and completion, though outcomes vary by pricing, delivery timelines and market conditions.
Target buyer: International investors, high-net-worth expats, diplomats, corporate tenants seeking BKK1’s most prestigious new address.
Deal Pack (Pre-Sale Access) – click to view what you’ll receive
- Priority unit selection and confirmed pricing
- Pre-sale payment plan options
- Floor plans and unit layouts
- Le Conde 1 performance data (rental comps, occupancy)
- Foreign ownership eligibility summary
- SPA checklist and due diligence pack
- Within 2-4 hours: Full pre-sale pack sent.
- Within 24 hours: Team follow-up with unit options.
- No pressure: Take your time.
Amenities
Le Conde 2 is expected to deliver premium amenities building on Le Conde 1’s award-winning facilities. Specifications are pre-sale and subject to final confirmation.
Lifestyle
Building Services
Why BKK1?
BKK1 is Phnom Penh’s undisputed premium district – the only neighbourhood enclosed by four major boulevards. Home to 29 embassies, international schools, premium dining and the strongest rental demand in Cambodia. Le Conde 2 sits at the corner of Street 352 and Street 63 – walkable to everything that makes BKK1 the capital’s most sought-after address.
Tenant profile: Diplomats, corporate executives, high-net-worth expats, international professionals
Rental demand: Strongest in Phnom Penh – consistent premium demand year-round
Key draws: 29 embassies, AEON Mall 1, international schools, Bassac Lane, NagaWorld
Land values: Exceeding $7,000/sqm – limited future supply of new developments
Character: Phnom Penh’s crown jewel – 1.4 sqkm special district
Location Map
Le Conde 2 is located at the corner of Street 352 and Street 63, BKK1.
Developer: Wangfu
WANG FU GUO JI PROPERTY DEVELOPMENT CO., LTD (Wangfu) is one of BKK1’s most trusted developers, with a proven track record from Le Conde 1 – a 43-storey, 1,080-unit tower that sold over 800 units, began handover in March 2025, and was recognised at the Cambodia Property Awards (confirm specific categories and years with the developer). Le Conde 1 is managed by Hopetree Japan and features Xiaomi smart home integration – Cambodia’s first.
Annual Holding Costs
Le Conde 1 reference: $1.50/sqm/month maintenance, ~$45/month parking. Transfer tax ~4% of property value. See taxes and fees guide and hidden costs guide.
Unit Types and Pricing
Le Conde 2 offers 398 high-end residential units across 1-5 bedrooms plus penthouses. All units delivered fully furnished with Xiaomi smart home integration, 3.2m ceiling heights (standard) and 3.5m (penthouses). Detailed specifications and floor plans are pre-sale – confirm directly.
Unit Overview (Pre-Sale)
| Type | Ceiling | Price | Notes |
|---|---|---|---|
| 1 Bed | 3.2m | POA | Core rental unit |
| 2 Bed | 3.2m | POA | Expat families, corporates |
| 3 Bed | 3.2m | POA | Premium family unit |
| 4-5 Bed | 3.2m | POA | Large family/diplomat |
| Penthouse | 3.5m | POA | Ultra-premium, top floors |
Note: All units fully furnished with Xiaomi smart home. Pre-sale pricing may offer upside versus completion pricing, though outcomes vary by market conditions. Unit sizes TBC – register for full floor plans.
Rental and Yields
BKK1 commands the highest and most consistent rental demand in Phnom Penh, driven by diplomats, corporate executives and high-net-worth expats. Le Conde 1 offered a 24% GRR over 3 years (8% per annum) – Le Conde 2 GRR terms (if any) are TBC.
BKK1 luxury gross yields: ~6.0-8.0%
Le Conde 1 GRR: 24% over 3 years (8% p.a.)
Le Conde 2 GRR: TBC – confirm with developer
Pre-sale appreciation: Some investors target uplift during construction, but outcomes vary
Illustrative only. GRR claims require independent verification. Net yields lower after costs. Actual rents depend on unit type, floor, furnishing and market conditions. Le Conde 1 data used as reference only – Le Conde 2 terms may differ.
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 CBD new-builds (2024 data). Emerging markets carry higher risk.
Can Foreigners Own This?
Yes. Freehold hard title (strata) ownership above ground floor, subject to the 70% foreign ownership quota. Same structure as Le Conde 1.
Ownership: Freehold hard title (strata)
Floors: First floor and above
Quota: Max 70%
Requirements: Valid passport
Transfer: Can sell, inherit, or transfer
Furnishing: Fully furnished delivery
Learn more: Strata Title Guide · Foreign Buyer Guides
Is This Right For You?
✓ This suits investors who want:
BKK1’s most anticipated new luxury condo with pre-sale pricing advantage. A proven developer with a delivered Phase 1 and award-winning track record. Freehold hard title in Phnom Penh’s strongest rental district. Fully furnished, smart home-integrated units ready to rent on completion. More exclusivity than Le Conde 1 (398 vs 1,080 units). Potential capital uplift between pre-sale and completion (market-dependent). Premium tenant demand from diplomats and corporates.
✗ This may not suit investors who:
Need immediate rental income (this is pre-sale, completion TBC). Prefer completed buildings with established occupancy. Want a low entry price (this is BKK1 luxury segment). Are uncomfortable with off-plan construction risk. Need certainty on GRR terms before committing. Prefer smaller or mid-tier developments. Want a fully proven resale track record for this specific building.
Risk and Mitigations
Pre-sale phase – 60-storey tower typically requires 3-4 years. Mitigated by Wangfu’s proven delivery of Le Conde 1 (completed March 2025). See due diligence checklist.
POA with third-party estimates of ~$2,424/sqm. Final pricing, payment plans, and any GRR terms are TBC. Confirm all figures directly with the developer before committing.
Multiple premium launches in BKK1 (Time Square 9, G.A.T.O Tower). Increased supply could affect rental rates and resale values. BKK1’s limited land mitigates long-term risk.
USD widely used in Cambodia. FX exposure depends on your base currency.
Independent lawyer review recommended for SPA. Transfer tax ~4%. Due diligence checklist.
Cambodia capital gains tax rules have been subject to timing changes. For immovable property, implementation has been stated as from 1 January 2027 in recent tax briefs. Confirm the latest position with your lawyer or tax adviser. Taxes guide.
Frequently Asked Questions
Can foreigners buy at Le Conde 2?
Yes. Freehold hard title (strata) above ground floor, subject to the 70% quota. Same structure as Le Conde 1. Strata title guide.
What is the estimated rental yield?
BKK1 luxury condos typically deliver 6.0-8.0% gross. Le Conde 1 offered 24% GRR over 3 years (8% p.a.). Le Conde 2 GRR terms TBC. See rental management guide.
When will Le Conde 2 be completed?
Currently in pre-sale. A 60-storey tower typically requires 3-4 years from groundbreaking. Estimated completion TBC – confirm directly with Wangfu.
Who is the developer?
Wangfu (WANG FU GUO JI PROPERTY DEVELOPMENT CO., LTD). Proven by Le Conde 1: 43 floors, 1,080 units, 800+ sold, handover March 2025, multiple Cambodia Property Awards. Managed by Hopetree Japan. See developer track record guide.
How does Le Conde 2 compare to Le Conde 1?
Le Conde 2 is taller (60 vs 43 floors) with fewer units (398 vs 1,080) – a more exclusive product. Both feature Xiaomi smart home and fully furnished delivery. Le Conde 1 was recognised at the Cambodia Property Awards.
What is the pricing?
POA. Third-party sources report approximately $2,424/sqm. Pre-sale buyers may access preferential pricing. Confirm current terms directly. Confirm current pricing and payment plans directly.
What are the annual holding costs?
TBC. Le Conde 1 reference: $1.50/sqm/month maintenance. Property tax 0.1% on value above $25k. Transfer tax ~4%. See taxes guide and hidden costs guide.
How do I exit or sell?
Freehold strata title – sell to foreigners or Cambodians. BKK1 has the strongest resale liquidity in Phnom Penh. Some investors target uplift between purchase and completion, but outcomes are market-dependent. Cambodia CGT on immovable property has been stated as from January 2027 in recent tax briefs – confirm timing with your adviser. See exit strategy guide.
Exit Strategy Options
Investor Essentials (Foreign Buyers)
Explore Similar Projects
Important Disclaimers
- Status: Pre-sale. All specifications subject to final confirmation.
- Prices: POA. Third-party estimates unverified. Confirm directly.
- Yields: BKK1 range 6.0-8.0% gross (indicative). Net lower after costs.
- Foreign ownership: Freehold strata, subject to 70% quota.
- Due diligence: Independent legal advice strongly recommended.
Last updated: 14 February 2026. Subject to change.
Interested in Le Conde 2?
BKK1’s most anticipated 60-storey luxury launch by Wangfu. Pre-sale access now open. Get priority unit selection, pricing, and floor plans.
Development Details
| Developer | Wang Fu Guo Ji Property Development Co. |
| Property Type | Apartment |
| Location | BKK1 (Boeung Keng Kang 1) |
| Total Units | 398 |
| Expected Completion | 2029 |
| Current Status | Pre Launch |
| Posted Date | February 14, 2026 |
| Development ID | #944 |
