Completed

Morgan EnMaison Smart Loft – Phnom Penh

Phnom Penh

Developer: Cam-Jiachuang Real Estate Co., Ltd

$82,000 - $400,000
Price Range

Exclusive Riel Property Discount

Up to 15% OFF Launch Pricing

Direct developer rates. No hidden fees.

Apartment
Property Type
480
Total Units
Q1 2023
Completion
Completed
Status

About This Development

โœ“ Foreign Ownership Eligible Completed – Resale Units From ~$80k Deposit: Confirm Schedule โœ“ Morgan Group 4.6m Loft Ceilings

Morgan EnMaison Smart Loft | 47-70 Storey Chroy Changvar Condo

Loft-style riverside condos with 4.6m double-height ceilings in Chroy Changvar by Morgan Group. 55-173sqm units from studios to 3-bed penthouses. Foreign ownership eligible under strata title. This is a completed project (resale availability) included in our off-plan hub for comparison.

Chroy Changvar, Phnom Penh, Cambodia

Morgan EnMaison Smart Loft Condo for Sale in Chroy Changvar, Phnom Penh

๐Ÿ’ต
Entry Price ~$80k 1 Bed from 55sqm
๐Ÿ“
Price/sqm ~$1.4-1.5k Completed pricing
๐Ÿ”ฅ
Est. Yield Indicative 8-10% Confirm with rental comps
๐Ÿ’ฐ
Deposit From 30% Confirm current schedule
๐Ÿข
Units ~4,480 Across 3 towers
๐Ÿ—๏ธ
Towers 3 (47-70F) 3 of 5 completed
โœ…
Status Completed Handover in progress
๐Ÿ“œ
Title Strata Foreign eligible
๐Ÿ›๏ธ
Beds 1-3 Bed Multiple layouts
๐Ÿ“
Size 55-173sqm Internal area
๐Ÿ“
Ceiling 4.6m Double-height loft
๐ŸŠ
Amenities Resort-Grade Click to view

Pricing, yields, and availability are indicative until confirmed in the latest developer pack.

๐Ÿ“Š Value Positioning vs Phnom Penh Market
~$1.5k
Smart Loft/sqm
~$2.5-3.5k
BKK1 Premium
~$2-2.8k
Tonle Bassac
Investment Thesis

Morgan EnMaison Smart Loft is a completed large-scale riverside development in Chroy Changvar. Developed by Morgan Group, this project offers a unique proposition: loft-style units with 4.6-metre double-height ceilings that effectively double usable living space. At ~$1,450-1,500/sqm, entry prices sit significantly below prime BKK1 and Tonle Bassac alternatives, while the completed status removes construction risk entirely.

Who rents here: Young professionals, expats seeking river views and modern amenities, long-term tenants attracted to the unique loft layouts and lower rents compared to central Phnom Penh.

๐Ÿ“ฆ Deal Pack (Verified Docs) – click to view what you’ll receive
๐Ÿ“‹ Your investor pack includes:
  • Current price list + availability (by tower, stack and floor)
  • Payment plan options (30% deposit, interest-free terms)
  • Rental assumptions + comps used
  • Floor plans and unit schedule (Smart Loft + Smart Loft MAX layouts)
  • Foreign ownership eligibility summary (strata title)
  • SPA checklist (what to confirm with your lawyer)
๐Ÿ“ฉ What happens after you message:
  1. Typically same day: Full deal pack sent to your email (business hours).
  2. Within 24 hours: Team follow-up to answer questions.
  3. No pressure: Take your time reviewing.
๐Ÿ“š Investor Guides: Buying Property in Cambodia (Foreign Investors)
Read Guides โ†’

Amenities

Morgan EnMaison Smart Loft offers resort-grade facilities across its completed towers, designed as a self-contained riverside community. Amenities listed below are as reported by the developer – confirm availability and current status in writing.

Sky-Level Amenities

๐ŸŠSky Pool
๐ŸŠInfinity Pool
๐ŸธRooftop Sky Bar
๐Ÿ‹๏ธSkyline Gym
๐Ÿง–Sauna
๐Ÿง˜Yoga Room
๐ŸšHelipad
๐ŸŒ†River Views

Riverside & Recreation

๐ŸŒณ15-Acre Gardens
๐Ÿšถ200m River Walk
โ›ตPrivate Marina
๐Ÿ–BBQ Areas
๐Ÿ‘ถKids Zone
๐ŸŽพTennis Court
๐ŸทWine Bar
๐ŸŽฌCinema

Building Services

๐Ÿ›—High-Speed Lifts
๐Ÿš—2,000 Parking Spaces
๐Ÿ”’24/7 Security
โšกBackup Power
๐Ÿ›’Ground Floor Mall
๐ŸซInternational School
๐Ÿ“ถWi-Fi Ready
๐Ÿ•Pet Friendly

Why Chroy Changvar?

Chroy Changvar is one of Phnom Penh’s fastest-developing districts, situated on the peninsula between the Mekong and Tonle Sap rivers. Once a quieter suburban area, it has transformed into a corridor of modern condos and mixed-use developments, benefiting from new infrastructure and its positioning as a growth zone for the capital.

Chroy Changvar at a Glance

Tenant profile: Young professionals, expat families, long-term renters seeking value
Rental demand: Growing – lower rents than central PP attract budget-conscious tenants
Key draws: Riverside location, fresh air, modern developments, emerging lifestyle precinct
Connectivity: Cambodia-China Friendship Bridge, Cambodia-Japan Friendship Bridge, National Highway 6A

๐ŸŽ“ Norton University ~900m away
๐Ÿฅ Sunrise Japan Hospital Short drive
๐Ÿฆ– Dinosaurs Alive Theme park nearby
๐Ÿ๏ธ Koh Dach (Silk Island) Leisure destination
๐ŸŒ‰ City Centre Via Friendship Bridges
โœˆ๏ธ New Airport Access Via Highway 6A

Location Map

Approximate area map – Morgan EnMaison Smart Loft is located on Mekong River Road (Street 88) in Sangkat Chroy Changvar. Contact us for exact location details.

๐ŸŽ“
Norton University
~0.9km
๐Ÿฅ
Sunrise Japan Hospital
~3km
๐ŸŒ‰
Friendship Bridge
~2km
โœˆ๏ธ
Airport (via 6A)
~15km

Developer: Morgan Group

Morgan Group (CAM-JIACHUANG Real Estate Co., Ltd.) is an established developer in Cambodia with a portfolio of prominent projects across Phnom Penh. Known for large-scale residential developments, the group has delivered multiple towers and continues to be active in the market.

Founded 2010s
Projects 5+
Focus Mixed-Use
Track Record Delivered
๐Ÿ“‹ Morgan Group Project Portfolio
Morgan Tower
Delivered
Phnom Penh
Morgan Park Villa
Delivered
Phnom Penh
Morgan Champs-Elysees
Delivered
Phnom Penh
Morgan EnMaison
Completed
~4,480 units – Chroy Changvar

Note: Morgan Group pivoted from 5 planned towers to 3 completed towers to match market demand and avoid oversupply.

Annual Holding Costs

Understanding ongoing costs is essential for accurate yield calculations. Morgan EnMaison Smart Loft includes standard building management and maintenance fees.

๐Ÿข Service Charge
~$0.50-0.80/sqm/month
Indicative – confirm with developer
๐Ÿ”ง Sinking Fund
TBC
One-time at handover
๐Ÿ“‹ Property Tax
0.1%/year
On value above $25k
๐Ÿ‘ค Management
8-12%
Of gross rent (if using agent)
Est. Annual Cost (55sqm Smart Loft)
Service + tax + management
~$800-1,200/year
~1-1.5% of purchase

Unit Types & Pricing

Morgan EnMaison Smart Loft offers a unique product in the Phnom Penh market: loft-style units with 4.6-metre ceiling heights that allow for mezzanine configurations, effectively doubling usable living space. Units are delivered with quality finishes including air conditioning, fitted kitchens, and balconies with river or city views.

๐Ÿ“Š Detailed Unit Pricing
Type Beds Size Price $/sqm
Smart Loft 1 Bed 55 sqm ~$80k ~$1.45k
Smart Loft 2 Bed 66 sqm ~$96k ~$1.45k
Smart Loft MAX 2 Bed 83 sqm ~$120k ~$1.45k
Smart Loft MAX 2 Bed 89 sqm ~$130k ~$1.46k
Smart Loft MAX 3 Bed 105 sqm ~$160k ~$1.52k
Smart Loft MAX 3 Bed 165-173 sqm ~$200k+ ~$1.2k

Note: Smart Loft MAX units are located on Floors 30-34 of Building 2 with upgraded finishes and premium river views. Request official price list for confirmed figures.

Rental & Yields

Chroy Changvar offers competitive rental yields compared to central Phnom Penh, with lower entry prices translating to stronger percentage returns. The unique loft layouts at Morgan EnMaison Smart Loft appeal to tenants seeking modern, spacious living at lower rents than BKK1 or Tonle Bassac alternatives.

Yield Calculation Example (Indicative)

Gross rent (55sqm 1-Bed Smart Loft): ~$600-700/month (confirm with current comps)
Annual gross rent: ~$7,200-8,400
Purchase price: ~$80k
Indicative gross yield: ~9-10.5% (subject to actual rental achieved)

Net yield: Lower after service charges, management fees (8-12%), and potential void periods. Budget 1-2% for costs. Yields vary by unit, floor, and market conditions.

Regional Comparison

Cambodia offers one of Southeast Asia’s most attractive entry points for foreign property investors. Compare Cambodia vs Thailand vs Vietnam for the full picture.

๐Ÿ‡น๐Ÿ‡ญ
Bangkok, Thailand
Avg. Price/sqm $4,500-6,500
1-Bed (50sqm) $225,000-325,000
Gross Yield 4-6%
Foreign Ownership 49% quota per building

Mature market, lower yields, higher entry barrier

Best Value
๐Ÿ‡ฐ๐Ÿ‡ญ
Phnom Penh, Cambodia
Avg. Price/sqm $1,500-2,500
1-Bed (55sqm) $80,000-137,000
Gross Yield ~8-10%
Foreign Ownership 70% quota, full title

Emerging market, highest yields, lowest entry point

๐Ÿ‡ป๐Ÿ‡ณ
Ho Chi Minh City, Vietnam
Avg. Price/sqm $3,500-5,500
1-Bed (50sqm) $175,000-275,000
Gross Yield 6-8%
Foreign Ownership 50-year leasehold only

Strong growth, but leasehold and price premium

Historic benchmark ranges for prime CBD new-builds (2024 data). Sources: DDProperty, dotproperty.com.vn, Realestate.com.kh. Emerging markets carry higher risk – conduct independent due diligence.

The Cambodia Advantage
Entry price: A Chroy Changvar Smart Loft costs ~$80,000 vs $225,000+ in Bangkok or $175,000+ in HCMC – that’s often 2-3x less capital deployed.
Yield premium: Phnom Penh typically delivers higher gross yields (8-10%) compared to Bangkok (4-6%) or HCMC (6-8%), though returns vary by building and occupancy.
Ownership clarity: Cambodia offers 70% foreign freehold quota with hard title. Vietnam only offers 50-year leasehold. Thailand caps at 49% per building.
Tax environment: Real estate CGT implementation has been widely reported as deferred; confirm the position at the time of sale. Cambodia is highly dollarised – most transactions, rents, and resales are in US dollars.
๐ŸŒ Can Foreigners Own This?

Yes. Foreign ownership in Cambodia (strata title) is available under the 2010 Foreign Ownership Law. Units from the first floor upward are eligible, subject to the 70% foreign quota. Morgan EnMaison Smart Loft units come with hard title – genuine freehold ownership.

Foreign Ownership Summary

Ownership type: Strata title (hard title) – genuine ownership
Eligible floors: First floor and above
Foreign quota: Max 70% of building
Requirements: Valid passport
Transfer: Can sell, inherit, or transfer

Learn more: Strata Title Explained ยท Due Diligence Checklist

Is This Right For You?

โœ“ This suits investors who want:

Lower entry point than central PP (~$80k vs $120k+ in BKK1). Completed project with zero construction risk. Unique loft layouts with 4.6m ceilings. Higher yield potential (8-10% gross). Riverside location with resort-grade amenities. Ready-to-rent or occupy immediately.

โœ— This may not suit investors who:

Want walkable access to central Phnom Penh lifestyle (bridges required). Prefer established expat neighbourhoods like BKK1. Prioritise resale liquidity over yield (Chroy Changvar market is still maturing). Seek smaller boutique developments over large-scale projects.

Risk & Mitigations

โš ๏ธ Location maturity

โ†’ Chroy Changvar is still developing vs established BKK1. Mitigated by lower entry price and higher yields compensating for location premium.

โš ๏ธ Large development scale

โ†’ Mitigated by completed status and unit differentiation (loft layout), plus verifying current availability and achieved rents before committing.

โš ๏ธ Rental variability

โ†’ Conservative projections based on Chroy Changvar comps. Budget 1-month void assumption annually.

โš ๏ธ Liquidity risk

โ†’ Chroy Changvar resale market is developing. Realistic 6-12 month sale timeline. See exit strategy guide.

โš ๏ธ Fees & taxes

โ†’ Annual costs ~1-1.5% of purchase price. See our taxes & fees guide.

โš ๏ธ Legal process

โ†’ Independent lawyer review recommended. Use our due diligence checklist.

Frequently Asked Questions

Can foreigners buy at Morgan EnMaison Smart Loft?

Yes. Foreigners can purchase strata title units under Cambodia’s 2010 Foreign Ownership Law. Units from the first floor upward are eligible, subject to the 70% foreign quota. All units come with hard title (freehold) ownership. Learn more about strata title ownership.

What is the entry price for Morgan EnMaison Smart Loft?

Entry-level 1-bedroom Smart Loft units (55sqm) start from approximately $80,000. Smart Loft MAX units on higher floors (83-173sqm) range from $120,000 to $200,000+. Request the current price list for confirmed availability.

What makes the Smart Loft units unique?

Smart Loft units feature 4.6-metre ceiling heights allowing for mezzanine/double-decker configurations. This effectively doubles usable living space – a 55sqm footprint becomes functional two-level living. This product is rare in Phnom Penh and appeals to tenants seeking modern, spacious layouts.

What is the estimated rental yield?

Indicative gross yields of 8-10% based on Chroy Changvar comparables, though actual yields depend on unit type, floor level, furnishing standard, and market conditions. A 55sqm unit at $80k with ~$650/month rent would deliver approximately 9.75% gross – confirm with current rental comps before purchase. See our rental management guide for more details.

What is the deposit and payment plan?

Deposits have been reported from 30% of purchase price. Interest-free payment plans up to 36 months have been offered historically. Confirm current terms and promotions directly with the developer or seller as these may have changed.

Is the project completed?

Yes. Morgan EnMaison Smart Loft has completed construction and units are being handed over. The developer completed 3 of the originally planned 5 towers to better match market demand. This removes construction risk entirely – you can inspect finished units before purchase.

How do I manage the property remotely?

Most investors use local property management companies (8-12% of rent). We can recommend trusted partners. Read our property management guide for what to expect.

What due diligence should I do?

Verify the unit’s title status, confirm the foreign ownership quota hasn’t been exceeded, and review the SPA terms carefully. Use our due diligence checklist and consider independent legal advice.

How do I exit/sell my investment?

You can sell to other foreigners or Cambodians. The Chroy Changvar resale market is still developing compared to BKK1 – expect a 6-12 month sale timeline. See our exit strategy guide for liquidity factors.

What are the annual holding costs?

Budget approximately 1-1.5% of purchase price annually for service charges, property tax, and management fees if renting. For a $80k unit, expect ~$800-1,200/year. See our taxes & fees guide.

Exit Strategy Options

๐Ÿ”„
Resale
Sell to foreigners or locals. Market developing in Chroy Changvar.
๐Ÿ“ˆ
Hold & Rent
Strong yields (8-10%) while area matures.
๐Ÿ 
Personal Use
Regional base or riverside lifestyle.

Full exit strategy guide โ†’

๐Ÿ“š Investor Essentials (Foreign Buyers)

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๐Ÿ“‹ Important Disclaimers

  • Prices: Indicative and subject to change. Confirm with developer.
  • Yields: Gross estimates (8-10%). Net lower after costs.
  • Foreign ownership: Per 2010 law, subject to 70% quota.
  • Due diligence: Independent advice recommended before purchase.

Last verified: January 2026. Subject to change.

Ready to Invest in Morgan EnMaison Smart Loft?

Secure a unique loft-style unit with 4.6m ceilings in this completed riverside development. Lower entry point than central Phnom Penh, higher yield potential, and zero construction risk. Get the full deal pack with pricing, availability, and floor plans.

Development Details

Developer Cam-Jiachuang Real Estate Co., Ltd
Property Type Apartment
Location Phnom Penh
Total Units 480
Price Range $82,000 - $400,000
Expected Completion Q1 2023
Current Status Completed
Posted Date November 24, 2025
Development ID #280
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