Citadel Manor TTP2 Phnom Penh | 37-Floor Condo from $78,000
Developer: Imajineer and CDK Development
About This Development
Citadel Manor is a 37-floor off-plan boutique condominium in Toul Tom Poung 2 (Russian Market district), Chamkarmon, Phnom Penh by Imajineer and CDK Development. 160 exclusive residences across 1 to 4 bedroom layouts (63-367 sqm gross). Entry from $78,000 (~$1,200/sqm gross). All units handed over fully furnished with 3.5m ceiling heights and floor-to-ceiling windows. 🔥 Projected gross rental yield ~9%. Strata title confirmed for foreign buyers. Construction expected late 2026, completion late 2029. Six dedicated amenity floors including infinity pool, sky bar, private cinema, and Zen garden. AI-integrated smart building systems throughout.
Off-plan opportunity – pre-launch pricing available. This page covers Citadel Manor TTP2 condo pricing, unit types, developer background, rental yield projections, and foreign buyer considerations. All yield projections are estimates based on TTP rental market data – not guaranteed. Off-plan condo for sale in Toul Tom Poung 2, Phnom Penh – foreign ownership eligible (strata title). After-sales support through handover, furnishing, and lettings for overseas buyers.
Citadel Manor Overview (TTP2, Chamkarmon, Phnom Penh)
This page covers Citadel Manor TTP2 condo pricing, unit configurations, payment structure, projected yields, developer background, and foreign buyer considerations for this Phnom Penh off-plan condo investment.
Citadel Manor is a boutique mixed-use condominium in Toul Tom Poung 2 (Russian Market district), Phnom Penh, developed by Imajineer and CDK Development. At ~$1,200/sqm (entry from $78,000), it sits below BKK1 new-build averages of $2,500-3,500/sqm while offering a premium product with 3.5m ceiling heights, fully furnished handover, and six dedicated amenity floors. The building features only 160 units across 37 floors, creating a low-density environment with strong elevator ratios (1:40). The developer projects 🔥 ~9% gross rental yield based on comparable one-bedroom units in TTP renting at $600-800/month. All units are handed over fully furnished, removing the typical $5,000-15,000+ fit-out cost. The hotel-managed lower floors (6-14) are designed as investment units with professional management, though the hotel operator has not yet been confirmed – the developer has indicated discussions with Japanese hotel operators.
Who rents here: Expatriates, professionals, and long-term residents attracted to TTP’s established residential character, proximity to Russian Market, and more accessible rents compared to BKK1. The area has a loyal tenant base but a smaller rental pool than prime central districts.
Key differentiators: Fully furnished handover (“bring a suitcase”), AI smart building systems, private member club amenities, Wabi-Sabi design philosophy, and a gross-to-net ratio of approximately 70% (developer-reported).
Yield projections are estimates based on current TTP rental data – not guaranteed. The developer has limited completed projects in Cambodia. Hotel operator not yet confirmed. Independent due diligence recommended before committing capital. See due diligence checklist.
Deal Pack – click to view what you will receive
- Full price list (all unit types and floors, all tiers)
- Floor plans and unit layouts (Hotel, Executive, Premium, Penthouse)
- Payment plan options (30/70, 50/50, 85/15 breakdown)
- Rental yield projections (TTP comparable data)
- Foreign ownership summary (strata title process)
- Developer background pack (Imajineer and CDK Development)
- Building layout and amenity floor plans
- SPA review checklist
- Remote buying process (step-by-step for overseas investors)
- Reserve: Select unit and pay booking fee.
- Contract: SPA signed within agreed timeframe.
- Down payment: 30%, 50%, or 85% depending on plan chosen.
- Construction: 0% interest installments over 36 months.
- Handover: Fully furnished unit at completion (~2029).
Projected Rental Yield 🔥
🔥 Projected Gross Yield: ~9.2%
Based on a one-bedroom entry unit at $78,000 and conservative TTP rental rates of ~$600/month ($7,200/year). Comparable one-bedroom units in TTP currently rent for approximately $600/month. With the building’s premium positioning and fully furnished handover, rental rates of $700-800/month by completion are plausible if the hotel operator is reputable and the building delivers on its promised standard.
Optimistic Scenario: ~12.3%
If rental rates reach $800/month by completion ($9,600/year), the gross yield on the $78,000 entry price reaches approximately 12.3%. This assumes the building achieves premium positioning in TTP, the hotel operator is well-regarded, and the furnished standard is delivered as promised.
Yield disclaimer
These are headline gross figures. They do not account for management fees, vacancy periods, maintenance, or other ongoing costs. In practice, the actual return will be lower. TTP has a smaller rental market than BKK1 or Tonle Bassac – rental demand, while present, is not as deep or fast-moving as in prime central districts. Rental performance will depend heavily on the quality of building management and the hotel operator. Past performance of comparable units does not guarantee future returns. Conduct independent rental market research before committing capital. See due diligence checklist.
Amenities and Building Facilities
Citadel Manor features six dedicated amenity floors spread across the building, plus ground floor and mezzanine facilities. The building incorporates AI-integrated smart systems and Wabi-Sabi design principles throughout.
Floor Distribution
Wellness Sanctuary (Floors 15-16)
The Citadel Club (Floors 35-37)
Building Services and Smart Technology
Why Toul Tom Poung 2?
Toul Tom Poung (TTP) is one of Phnom Penh’s more established residential neighbourhoods, best known as the area surrounding the Russian Market. It sits directly south of BKK1 and BKK3. For day-to-day living, TTP has good coverage with local markets, cafes, restaurants, and services all within easy reach. The area is popular with expatriates and long-term residents who prefer a more local, residential feel over the busier commercial districts further north.
Citadel Manor sits at the corner of Street 430, Street 460, and Street 464, right next to the Phnom Penh Sports Club. The location offers proximity to Russian Market energy while maintaining a private, upscale setting.
TTP’s condo market is smaller and quieter than areas like BKK1 or Tonle Bassac. There are fewer strata title projects in TTP, which can work in a buyer’s favour if the project executes well – less competition from neighbouring buildings means tenants have fewer alternatives. However, the tenant pool is somewhat narrower, and rental performance will depend more heavily on building management quality and overall product delivery.
Location Map
Approximate area map (TTP2, Chamkarmon). All distances and travel times are estimates and vary by traffic.
Developer: Imajineer and CDK Development
Citadel Manor is developed by Imajineer and CDK Development. This is a newer developer partnership in the Cambodian market with limited completed projects. The developer has indicated discussions with Japanese hotel operators for the hotel-managed floors (6-14), but no operator name has been confirmed and no management agreement has been signed at the time of writing. The identity and track record of the hotel operator will have a meaningful impact on the building’s reputation, service quality, and rental and resale appeal.
Unit Types and Pricing
Citadel Manor offers four residential tiers across the building, transitioning from 9 units per floor on lower levels to high-exclusivity layouts of 5 and 4 units on upper floors. All units feature 3.5m ceiling heights, floor-to-ceiling windows, and fully furnished handover. Every residence has outward-facing windows.
Hotel Residence (Floors 6-14) – 9 units per floor, all 1 Bedroom
| Unit | Type | Gross sqm | Price |
|---|---|---|---|
| A | 1 Bed | 81.93 | POA |
| B | 1 Bed | 94.96 | POA |
| C | 1 Bed | 62.80 | From $78,000 |
| D | 1 Bed | 65.17 | POA |
| E | 1 Bed | 64.98 | POA |
| F | 1 Bed | 65.04 | POA |
| G | 1 Bed | 65.04 | POA |
| H | 1 Bed | 84.55 | POA |
| I | 1 Bed | 78.07 | POA |
Executive Residence (Floors 17-28) – 5 units per floor
| Unit | Type | Gross sqm | Price |
|---|---|---|---|
| J | 1 Bed | 91.06 | POA |
| K | 2 Bed | 140.46 | POA |
| L | 2 Bed | 124.58 | POA |
| M | 1 Bed | 117.34 | POA |
| N | 1 Bed | 93.34 | POA |
Premium Residence (Floors 29-32) – 4 units per floor
| Unit | Type | Gross sqm | Price |
|---|---|---|---|
| J | 1 Bed | 91.06 | POA |
| K | 2 Bed | 140.46 | POA |
| L | 2 Bed | 124.58 | POA |
| O | 3 Bed | 239.10 | POA |
Penthouse Duplex (Floors 33-34) – 4 Bedroom
| Unit | Type | Gross sqm | Price |
|---|---|---|---|
| P | 4 Bed (duplex) | 324.13 | POA |
| Q | 4 Bed (duplex) | 304.56 | POA |
| R | 4 Bed (duplex) | 366.29 | POA |
Gross vs net area: The developer states a gross-to-net ratio of approximately 70% (developer-reported), meaning roughly 30% of the gross area figure accounts for common areas, corridors, lobbies, and amenity spaces. Many Phnom Penh condos sit closer to 75% (25% common area share), so Citadel Manor’s ratio is on the higher side – though this is not unusual for buildings with extensive amenity floors. Factor this in when comparing per-sqm prices with other projects. Compare net-to-net where possible.
Starting price: From $78,000 (~$1,200/sqm on gross area). Pricing increases with higher floors, larger units, and better positions.
Handover standard: All units fully furnished (“bring a suitcase”). Move-in ready on day one.
Request full price list with all tiers, floors, and unit-specific pricing via the enquiry form.
Payment Plans
Option 1 – 30/70: 30% down payment, 70% in 0% interest installments over 36 months.
Option 2 – 50/50: 50% down payment, 50% in 0% interest installments over 36 months.
Option 3 – 85/15: 85% down payment, 15% in 0% interest installments over 36 months.
Higher down payments attract larger discounts from the developer. Exact discount tiers have not been published yet. All three options include 0% interest on the installment portion, which is standard for off-plan projects in Cambodia. Booking fee to be confirmed.
Final payment terms confirmed at reservation. Independent legal review recommended before signing any SPA. See payment plans explained.
Indicative Holding Costs
Estimated ongoing costs for unit owners. Confirm exact rates at handover.
Regional Price Comparison
Indicative benchmark ranges for prime new-builds (varies by building and micro-area). Benchmarks shown for orientation only; verify against current listings. Last checked: March 2026. Emerging markets carry higher risk – conduct independent due diligence. See Cambodia vs Thailand vs Vietnam comparison.
Foreign Ownership – Strata Title Details
Citadel Manor offers strata title (hard title) for foreign buyers above the ground floor, subject to the building’s foreign ownership quota of up to 70% under Cambodian law. Strata title provides full ownership and inheritance rights – Cambodia’s outright foreign ownership structure for condominiums.
Valid passport required. Independent legal review recommended before signing any SPA. No additional restrictions beyond the standard quota and floor-level requirements.
Who is Citadel Manor For?
Investment Buyers (Hotel Floors 6-14)
One-bedroom hotel residence units are the most straightforward rental play, particularly if the hotel management programme is well-structured and handles tenant sourcing and operations. Smaller, more affordable, and appealing to the widest tenant and future buyer pool.
Owner-Occupiers (Executive and Premium Floors)
The executive and premium floors are better suited to buyers who want more space, privacy, and a more traditional residential experience. These units appeal to couples, families, or professionals who want a higher standard of living in a low-density building.
Lifestyle Buyers (Penthouse)
The three duplex penthouse layouts (305-366 sqm) are the flagship units. Four bedrooms with mezzanine levels. Suited to high-net-worth buyers seeking a trophy residence in Phnom Penh with premium club-style amenities.
Location Considerations
TTP is a genuine residential neighbourhood with solid day-to-day living. But it is not BKK1 or Tonle Bassac – pricing expectations on both the rental and resale side should reflect that. The entry price is attractive for the product level being offered.
Risk and Mitigations
Imajineer and CDK Development have limited completed projects in Cambodia. More due diligence is advised compared to established developers. Verify the developer’s financial standing, land ownership, and construction permits independently. See how to check developer track record.
The developer has indicated discussions with Japanese hotel operators, but no name has been announced and no management agreement has been signed. The hotel operator will have a meaningful impact on building reputation, service quality, and rental/resale appeal. Wait for confirmation before relying on this as part of your investment thesis.
Construction expected late 2026 with a 36-month build timeline (completion late 2029). Construction timelines can shift, and the final product may differ from renders. Standard off-plan risks apply.
TTP’s rental market is smaller and quieter than BKK1 or Tonle Bassac. Rental demand is present but not as deep or fast-moving. Rental performance will depend heavily on building management quality and the overall product delivered.
The lower floors (6-14) are hotel-managed, meaning there will be short-stay hotel guests using the same entrance, elevators, and shared amenities. Some buyers prefer a residents-only environment. The hotel component can improve building upkeep but changes the living dynamic.
Independent lawyer review recommended before signing SPA. Indicative transfer tax ~4% (confirm with lawyer). FX exposure depends on base currency. See taxes and fees guide.
Frequently Asked Questions
What is Citadel Manor TTP2?
Citadel Manor is a 37-floor boutique off-plan condominium at Street 430, corner of Street 460 and Street 464, in Toul Tom Poung 2 (Russian Market district), Chamkarmon, Phnom Penh. 160 exclusive residences across 1 to 4 bedroom types (63-367 sqm gross). Developed by Imajineer and CDK Development. Starting from $78,000 (~$1,200/sqm). Expected completion late 2029.
What is the starting price of Citadel Manor?
Units start from $78,000 at approximately $1,200 per sqm based on gross area. Three payment plan options available (30/70, 50/50, or 85/15). Higher down payments attract larger discounts. All units are handed over fully furnished. Request the full price list for all tiers and floors.
What unit types does Citadel Manor offer?
Four residential tiers: Hotel Residence 1 bed (floors 6-14, 63-95 sqm gross, 9 units/floor), Executive Residence 1-2 bed (floors 17-28, 91-140 sqm, 5 units/floor), Premium Residence 1-3 bed (floors 29-32, 91-239 sqm, 4 units/floor), and Penthouse Duplex 4 bed (floors 33-34, 305-366 sqm). All units have 3.5m ceiling heights, floor-to-ceiling windows, and outward-facing views.
What is the projected rental yield at Citadel Manor?
Projected gross rental yield is approximately 9% based on a one-bedroom entry unit at $78,000 and conservative TTP rental rates of ~$600/month. An optimistic scenario of $800/month would produce ~12.3% gross yield. These are headline gross figures – actual returns will be lower after management fees, vacancy, and ongoing costs. Yields are projections, not guarantees. See due diligence checklist.
Can foreigners buy an off-plan condo at Citadel Manor?
Yes. Strata title (hard title) confirmed for foreign buyers above ground floor, subject to the building’s foreign ownership quota of up to 70% under Cambodian law. Strata title provides full ownership and inheritance rights. Valid passport required.
What are the payment plan options?
Three options: 30/70 (30% down, 70% installments), 50/50 (50% down, 50% installments), or 85/15 (85% down, 15% installments). All options include 0% interest over 36 months. Higher down payments attract larger discounts. See payment plans explained.
When will Citadel Manor be completed?
Construction expected to begin late 2026 with a 36-month build timeline. Expected completion late 2029. The developer has limited completed projects in Cambodia – monitor construction progress updates during the build period.
Who is the developer of Citadel Manor?
Imajineer and CDK Development. This developer partnership has limited completed projects in Cambodia and is classified as “NEW” on our track record system. More due diligence is advised. The hotel operator for the hotel-managed floors (6-14) has not been confirmed. See how to check a developer track record.
Is Citadel Manor a good investment?
Citadel Manor offers a competitive ~$1,200/sqm entry with fully furnished handover and extensive amenities. Projected gross yields of ~9%. However, the developer has limited track record, the hotel operator is unconfirmed, and TTP has a smaller rental market than prime districts. The entry price and fully furnished handover remove a significant cost barrier, but independent due diligence is essential given the newer developer profile.
What is the elevator ratio at Citadel Manor?
With 160 units and 4 passenger elevators, the ratio is 40 units per elevator. This is a strong number by both local and global standards and is a genuine quality-of-life factor for daily living and tenant satisfaction.
What does gross-to-net ratio mean for Citadel Manor?
The developer states a 70/30 split (70% net, 30% common area). This is higher than the Phnom Penh average of approximately 75% (25% common area). The higher common area share is explained by the six dedicated amenity floors. When comparing per-sqm prices with other projects, always compare net-to-net where possible. See glossary for property terms.
Do you accept cryptocurrency (USDT)?
We can accept USDT (crypto) for applicable service fees where permitted. Network/processing fees may apply and KYC/AML checks are required. Please request payment instructions in writing.
Exit Strategy Options
Investor Essentials (Foreign Buyers)
Compare Citadel Manor With Other Phnom Penh Projects
Compare Citadel Manor with other off-plan condo for sale options across Phnom Penh.
Important Disclaimers
- Status: Off-plan. Construction expected late 2026, completion late 2029 (36-month build).
- Pricing: From $78,000 (~$1,200/sqm gross). Full price list not yet publicly released.
- Yield: ~9% gross is a projection, not a guarantee. Actual returns depend on market conditions, occupancy, and management quality.
- Developer: Imajineer and CDK Development – limited completed projects in Cambodia. More due diligence advised.
- Hotel operator: Not yet confirmed. Developer in discussions with Japanese firms.
- Foreign ownership: Strata title confirmed. Up to 70% foreign quota. Above ground floor.
- Platform: Riel Property is not the developer or seller.
- Sources: Information based on developer marketing materials and brochure. Verify independently.
Last updated: March 2026.
Explore Citadel Manor
37 floors, 160 boutique residences, Toul Tom Poung 2 – from $78,000 with fully furnished handover and 6 amenity floors. Projected ~9% gross yield. Strata title for foreign buyers. Get the full price list, floor plans, and payment schedule.
Development Details
| Developer | Imajineer and CDK Development |
| Property Type | Apartment |
| Location | Phnom Penh |
| Total Units | 160 |
| Price Range | From $78,000 |
| Current Status | Pre Launch |
| Posted Date | March 31, 2026 |
| Development ID | #1293 |
