About This Development
Morgan EnMaison | 5 Towers up to 70 Storeys, Chroy Changvar
Large-scale riverside living with Hard Title foreign ownership from ~$69,000
This development is listed in our off-plan hub for comparison. Confirm tower and handover status before purchase.
Morgan EnMaison condo for sale in Chroy Changvar, Phnom Penh – one of the largest Hard Title condos for foreign ownership in Cambodia. This riverside development offers accessible entry into the Phnom Penh property market with strata title ownership from approximately $69,000.
Morgan EnMaison represents one of the largest riverside condominium developments in Phnom Penh, offering accessible entry pricing for foreign investors seeking Hard Title ownership in an emerging growth corridor. At approximately $1,500-1,800 per sqm, pricing sits significantly below BKK1 and Tonle Bassac comparables, while the Chroy Changvar location benefits from ongoing infrastructure development and increasing population growth. The completed status eliminates construction risk, and the extensive amenity package supports rental demand from expatriates, local professionals, and families seeking modern riverside living. For investors prioritising affordable entry, foreign-eligible title, and scale over boutique exclusivity, Morgan EnMaison offers a core position in the Phnom Penh condo market.
- Internal competition: 4,480+ units means competing with other landlords for the same tenant pool
- Resale liquidity: High unit count can slow resale speed – expect longer holding periods
- Yield compression: Gross 6-8% becomes 4-6% net after fees, voids, and management costs
- Management variability: Large developments depend heavily on building management quality
- Location maturity: Chroy Changvar is still developing – infrastructure timeline uncertain
What’s in the Deal Pack?
- Current price list – Available units by tower, floor, and orientation
- Payment terms – Deposit requirements and balance payment options
- Rental assumptions – Comparable rents in Chroy Changvar with yield calculations
- Floor plans – All unit types from studio to penthouse
- Foreign ownership summary – Hard Title eligibility confirmation
- SPA checklist – Key items to verify with your lawyer before signing
- Select unit from available inventory
- Sign reservation agreement with deposit (typically 10-30%)
- Conduct due diligence and legal review
- Sign Sale and Purchase Agreement
- Complete balance payment
- Title transfer and key handover
Deal pack contents subject to availability. Request the latest information from our team.
Read our comprehensive guides covering foreign ownership rules, due diligence, taxes, and more. Explore Foreign Buyer Guides →
Morgan EnMaison Amenities
Morgan EnMaison delivers resort-scale amenities across its riverside site. The development features extensive outdoor spaces including landscaped gardens, multiple swimming pools, and exclusive riverfront access with BBQ areas. Premium facilities include a rooftop sky bar with panoramic city views, yacht dock, and helipad.
Location: Chroy Changvar, Phnom Penh
Morgan EnMaison occupies a prime riverside position along Mekong River Road (Street 88) in Chroy Changvar. This peninsula district extends between the Mekong and Tonle Sap rivers, directly opposite central Phnom Penh. The area has emerged as a key residential growth corridor, offering river views, open spaces, and a less congested environment than inner-city districts.
Approximate Area Map
Map shows approximate location. Verify exact position with developer.
Developer: Morgan Group
Morgan EnMaison is developed by Morgan Group (CAM-JIACHUANG Real Estate Co., Ltd.), an established developer in the Phnom Penh condominium market. The group has delivered multiple large-scale projects across the city, building a track record in high-density residential development.
Other Morgan Group Projects
- Morgan Tower – Landmark high-rise development
- Morgan Park Villa – Villa community project
- Morgan Champs-Elysees – Mixed-use development
- Morgan EnMaison Smart Loft – Loft-style units within EnMaison
Developer’s other projects demonstrate experience in large-scale residential delivery.
Holding Costs
Understanding ongoing costs is essential for accurate yield calculations. Below are typical holding costs for condos in this category.
Costs are indicative. Confirm current rates with building management. See our taxes and fees guide for details.
Unit Types and Pricing
| Unit Type | Size (sqm) | Indicative Price | Notes |
|---|---|---|---|
| Studio | 37-63 sqm | $69,000-$105,000 | High rental demand |
| 1 Bedroom | 50-68 sqm | $105,000-$140,000 | Singles and couples |
| 2 Bedroom | 66-130 sqm | $110,000-$270,000 | Families and sharers |
| 3 Bedroom | 102-130 sqm | $175,000-$270,000 | Larger families |
| Loft Duplex | 53-87 sqm | $95,000-$200,000 | Two-level layouts |
| Penthouse | 215-509 sqm | $420,000-$2.3M | Premium high floor |
Prices indicative based on current market listings. Final pricing varies by tower, floor, orientation, and furnishing. Request current availability from our team.
Rental and Yields at Morgan EnMaison
Morgan EnMaison targets the mass and mid-tier rental market in Chroy Changvar, with demand driven by expatriates, local professionals, returning Cambodians, and families seeking modern riverside accommodation. The large unit count provides a diverse tenant pool.
Indicative Rental Yields
Based on Chroy Changvar market comparables, gross yields of 6-8% are generally achievable for well-selected, furnished units. Actual yields depend on unit type, floor level, furnishing quality, and tenant profile.
Purchase price: $80,000 (Studio, ~45sqm)
Monthly rent: $450
Annual rent: $5,400
Gross yield: $5,400 / $80,000 = 6.75% gross
Net yield will be lower after service charges, management fees (if applicable), vacancy periods, and other holding costs. Budget 1-2% reduction for net yield calculation.
Demand Drivers
- Growing expatriate population in Chroy Changvar
- Local professionals seeking modern condo living
- Families attracted to riverside environment and amenities
- Returning Cambodians seeking investment-grade accommodation
- Mid-range pricing attracting broader tenant pool
Regional Comparison: Why Cambodia?
How does Morgan EnMaison compare to similar entry-level investment options in neighbouring markets? Cambodia offers compelling advantages for foreign investors seeking affordable exposure to Southeast Asian property.
Foreign Ownership at Morgan EnMaison
Morgan EnMaison offers Hard Title (strata title) ownership eligible for foreign buyers under Cambodia’s 2010 Foreign Ownership Law. This provides full legal ownership from the first floor upward.
Key Points:
- Title type: Hard Title (strata title) – full ownership, not leasehold
- Foreign eligibility: Units from first floor upward (ground floor reserved for Cambodians)
- Quota: Maximum 70% foreign ownership per building
- Rights: Sell, lease, inherit, mortgage same as Cambodian owners
- No land: Title covers unit only, not land (standard for condos)
Always verify title status with independent legal counsel before purchase. Ensure the unit is properly registered under the strata title system.
Is Morgan EnMaison Right for You?
- Accessible entry point under $100k
- Hard Title foreign ownership
- Completed project (no construction risk)
- Resort-scale amenities
- Riverside location with views
- Rental yield focus over capital growth
- Diversified exposure to PP condo market
- Large tenant pool potential
- You prefer boutique, low-density developments
- Prime BKK1 or Tonle Bassac location is essential
- You need immediate high capital appreciation
- You want exclusive, low-supply product
- Building management quality is paramount
- You are concerned about oversupply in large developments
Risks and Mitigations
Morgan EnMaison: Frequently Asked Questions
Can foreigners buy at Morgan EnMaison?
Yes. Foreigners can purchase Hard Title (strata title) units from the first floor upward under Cambodia’s 2010 Foreign Ownership Law. This provides full legal ownership, not leasehold. Read our strata title guide for details.
What is the entry price at Morgan EnMaison?
Entry-level studio units start from approximately $69,000 on the resale market. Developer pricing for new units typically starts around $76,000. Prices vary by tower, floor, unit size, and current market conditions.
What rental yields can I expect?
Indicative gross yields of 6-8% are achievable based on Chroy Changvar comparables. Actual yields depend on unit type, floor level, furnishing standard, and market conditions. Net yields will be lower after management fees, service charges, and vacancy periods. See our rental management guide.
How many towers does Morgan EnMaison have?
Morgan EnMaison comprises 5 residential towers (numbered 1, 2, 3, 5 and 6) with heights ranging from 47 to 70 floors. The development contains over 4,480 units across approximately 420,000 sqm of floor area.
What is the deposit requirement?
For completed units, deposit requirements vary by seller. Typical range is 10-30% on signing, with the balance due on title transfer. Resale transactions may have different terms. Confirm current requirements with our team.
How do I manage the property remotely?
Most investors use local property management companies, typically charging 8-12% of rent. Services include tenant finding, rent collection, maintenance coordination, and reporting. We can recommend trusted partners. See our property management guide.
What due diligence should I do?
Always verify: title status (Hard Title registration), developer/seller legitimacy, unit condition, service charge status, and contract terms. Use independent legal counsel familiar with Cambodia property law. See our due diligence checklist.
How do I exit or sell my investment?
You can sell to other foreigners (within the 70% quota) or to Cambodians. The resale market is developing. Factors affecting liquidity include pricing, unit condition, market timing, and the large number of comparable units. See our exit strategy guide.
Exit Strategy Options
Investor Essentials (Foreign Buyers)
Explore Similar Projects
Important Disclaimers
- Prices: Indicative and subject to change. Verify current pricing with developer or seller.
- Yields: Gross estimates based on market comparables. Net yields lower after costs.
- Foreign ownership: Per 2010 law, subject to 70% quota per building.
- Due diligence: Independent legal and financial advice strongly recommended.
Last verified: January 2026. Information subject to change.
Ready to Invest in Morgan EnMaison?
Explore one of Phnom Penh’s largest riverside developments. Hard Title foreign ownership from approximately $69,000, completed and ready for occupation or rental. Get current availability, pricing, and floor plans from our team.
Development Details
| Developer | Morgan Group |
| Property Type | Apartment |
| Location | Phnom Penh |
| Total Units | 4,840 |
| Price Range | $69,000 - $500,000 |
| Expected Completion | Q2 2024 |
| Current Status | Ready |
| Posted Date | November 24, 2025 |
| Development ID | #274 |