Which Condos Are Completed and Ready to Move in Phnom Penh in 2025?

At the start of 2025, realestate.com.kh highlighted some of the most anticipated condominium projects in Phnom Penh, expected to be handed over in 2025. As the year concludes, we are excited to confirm the successful completion and handover of several key developments, solidifying the continued growth and maturity of Cambodia's real estate sector.

In total, 9,000 condos were estimated to be handed over in 2025, and the 7 projects below accounted for nearly 7,000 units that have started the handover process.

Here is a look back at the projects that have successfully transitioned from anticipated developments to completed, thriving communities:

1. Time Square 306 or Time Square 5 

Time Square 306, the fifth project by Megakim World Corp., is officially ready for handover, with all units scheduled to be delivered by December. The project benefited greatly from strong market confidence surrounding the reputable “Time Square” series, known for their timely construction progress and commitment to quality delivery.

With the project having entered the handover phase, the development stands as a testament to MegaKim World Corp’s ability to execute large-scale residential projects while maintaining quality and trust.

• Located in BKK1 
• Project Status: Completed 
• Handover: Started from December 2025

READ MORE: MegaKim World Corp Starts Unit Handover at Time Square 306, BKK1

2. Le Conde BKK1

Le Conde BKK1 stands as a completed, 43-story mixed-use landmark, defining modern convenience in Phnom Penh’s esteemed BKK1 district. Developed by Wangfu International Real Estate Development Co., Ltd, the building is now fully operational, offering residents a superior lifestyle experience. Every unit is equipped with smart home technology for ultimate ease and control. 

Residents also enjoy access to a full suite of premium, ready-to-use amenities, including an infinity pool, a sky bar, a fully-equipped gym, a sky garden, and professional concierge services, along with extensive and secure parking facilities.

• Location: BKK1 
• Project Status: Completed 
• Handover: Started in March 2025

3. Urban Village Phase 2

Urban Village Phase 2 is a successful, fully completed expansion of the iconic Urban Village development. This phase features four 51 to 63-story towers, which have now delivered 1,700 units at competitive prices. Strategically situated along the fast-developing Hun Sen Boulevard (the 60-meter road), the development offers exceptional convenience.

Residents benefit from its close proximity to major landmarks, such as Aeon Mall Mean Chey (Aeon 3), Chip Mong Mega Mall, the new Techo International Airport, and international schools. Urban Village Phase 2 provides an established, modern, and highly convenient living environment.

Additional Reading: Long-Term Economic Impacts of Phnom Penh’s New Techo International Airport

• Location: on the Hun Sen Boulevard
• Project Status: Completed
• Handover: Handover Completed in 2025

4. Royal Platinum Condominium

Royal Platinum Condominium, a luxury mixed-use development in Phnom Penh’s Toul Kork district, offers 851 elegantly designed residences, from studios to four-bedroom penthouses. Developed by Royal Hong Lai Huat One, it blends comfort and sophistication with a unique X-shaped layout. 

• Location: Toul Kork
• Project Status: Completed 
• Handover: Started in Q1 2025

5. Diamond Bay Garden

Diamond Bay Garden is a premier residential development offering breathtaking, panoramic river views and immediate access to a full range of amenities. The project is now completed, with the unit handover process starting from late 2025 and continuing until Q3 2026, based on unit type and floor.

Furthermore, its location in Koh Pich or Diamond Island and near Norea City offers convenience, situating residents directly near major shopping malls, esteemed international schools, and key embassies, positioning Diamond Bay Garden as the perfect choice for affluent families and expatriates who demand both luxury and accessibility.

• Location: Diamond Island/Koh Pich 
• Project Status: Building A - Completed 
• Handover: Process started at the end of 2025, running until Q3 2026

READ MORE: Discover Norea City: Phnom Penh's New Favourite Area

6. La Vista One

La Vista One consists of twin towers that stand as landmarks in Phnom Penh’s Chroy Changvar district. Rising to a height of 140 meters, they are located at the meeting point of the Mekong and Tonle Sap Rivers. The location is surrounded by government offices and high-end residences. Residents can enjoy amazing views of both the city and the rivers.

• Location: Chroy Changva 
• Project Status: Completed 
• Handover: Started in Q1 2025

7. Vue Aston

Vue Aston stands as a modern landmark in Phnom Penh's newest area, Norea City or Koh Norea. Rising to 145 meters, it is strategically located at the meeting point of the Mekong and Tonle Sap Rivers, offering an unparalleled riverfront lifestyle. The location is rapidly evolving, surrounded by key government developments, essential infrastructure, and a growing community of luxury residences. 

• Location: Norea City
• Project Status: Completed
• Handover: Started in Q1 2025

Reliably Delivering Condo Projects

The successful completion and handover of all the projects mentioned above underscore a crucial narrative: Cambodia’s real estate market is reliably delivering on its commitments.

The transition of these highly anticipated projects from construction to occupancy signals a healthy, maturing market where developers consistently meet deadlines and fulfil their promise of quality, modern living spaces. This continued success not only benefits new residents and investors but also enhances Phnom Penh's growing reputation as a thriving investment hub in Southeast Asia.

If you want to know more about the real estate market in Cambodia, or simply want to know more about the market, contact us now at realestate.com.kh, the #1 real estate agency and portal in Cambodia or get your free report by clicking below.

Phone: +855 92 92 1000

Email: info@realestate.com.kh

FAQs

1. Which condo projects are completed in Phnom Penh in 2025?

>> Completed projects include: Time Square 306, Le Conde BKK1, Urban Village Phase 2, Vue Aston, Royal Platinum, Diamond Bay Garden (Building A), and La Vista One.

2. Can I buy a completed condo right now?

>> Yes. All listed projects are fully built and have started handover. You can contact realestate.com.kh at +855 92 92 1000 or info@realestate.com.kh

3. Are handovers happening now?

>> Yes. Some are phased, but all have begun handover.

4. Are these completed condos suitable for investment?

>> Yes. Completed units are highly attractive for rental income and capital appreciation, especially in prime areas like BKK1, Koh Pich, and Chroy Changvar.

5. Do these projects offer ready-to-use amenities?

>> Most completed developments provide full amenities such as pools, gyms, sky gardens, concierge services, and secure parking.

6. Which completed condo is closest to the new Techo International Airport?

>> Urban Village Phase 2 and R&F City offer quick access due to their location on Hun Sen Boulevard.

7. Do these condos allow foreign ownership?

>> Yes. Foreign buyers can legally own units in all these condominium developments under Cambodia’s strata-title regulations.

8. Do I need a long-term visa to own a condo?

>> No. Property ownership is not linked to your visa status. You can own a condo even if you only visit Cambodia occasionally.

9. Are there property taxes when buying a condo?

>> Yes. The main tax is the 4% transfer tax, which applies when the title is transferred to your name. 

10. Is buying a completed condo safer than buying off-plan?

>> Buying a completed unit reduces risk because the building is already finished, inspected, and ready to move in. You can see the real product before purchasing.