New Real Estate Developments in Phnom Penh 2026: Complete Guide to the Latest Project Launches

Last updated: March 2026 | PropertyHub – khpropertyhub.com

Introduction: Why 2026 Is a Pivotal Year for Phnom Penh Real Estate

Phnom Penh's property market is entering one of its most active launch cycles in years. After a period of recalibration, developers are coming back with new projects spanning the city's most sought-after districts — from the prestigious BKK1 corridor to the fast-growing 60-meter road zone in southern Phnom Penh and the emerging Koh Norea riverside precinct.

This guide is a regularly updated reference for buyers, investors, and real estate professionals looking for an overview of the new real estate projects in Phnom Penh launched in 2026. It covers condominiums, borey communities, and mixed-use developments — from ultra-luxury high-rises to affordable family housing — giving you the essential details you need to start your research.

Whether you are searching for a condo for sale in Phnom Penh, a villa in a gated community, or tracking Cambodia property investment opportunities, this is the starting point.

Condominiums & Mixed-Use Towers

1. Time Square 9 – The Gatsby Residence

About the Project

Time Square 9 is the ninth instalment of the award-winning Time Square series by Megakim World Corp, one of Cambodia's most recognized condominium developers. Themed around the glamour of the 1920s "Great Gatsby" era, the tower brings Art Deco-inspired architecture to Street 278 in BKK1 — Phnom Penh's most prestigious residential address.

The project officially launched in January 2026, and within the first day around 50% of available units were reserved, underscoring persistent demand for well-located, competitively priced stock in central Phnom Penh. Units start from the high $80,000s, with payment plans offering 10–20% down and up to 45 months of zero-interest instalments.

Key Highlights

• Art Deco "Gatsby" architectural concept

• Prime BKK1 location, steps from Independence Monument

• Rooftop infinity pool and sky bar

• Full lifestyle amenities: gym, children's play areas, landscaped gardens

• Strong track record developer with multiple completed projects

Why It Matters for Investors

BKK1 remains Phnom Penh's strongest rental sub-market, driven by expatriates, embassy staff, and international businesses. Time Square 9 enters at a competitive price point for the district, making it one of the more accessible entry points for investors targeting rental yields in Cambodia's capital city.

→ View Time Square 9 Listings on PropertyHub

2. Le Condé 2 BKK1

About the Project

Following the celebrated success of Le Condé BKK1 — which was previously recognized at the Cambodia Real Estate Awards — Wangfu International has unveiled its sequel: Le Condé 2 BKK1. Pre-booking officially opened on March 18, 2026, marking one of the most anticipated luxury launches of the year.

Le Condé 2 draws architectural inspiration from Cambodia's national flower, the Romduol, creating a design that blends contemporary high-rise form with Khmer cultural identity. At approximately 63 floors and set on roughly 1,736 sqm of prime BKK1 land, the project will offer just 398 units — a deliberately low-density count that prioritizes exclusivity and privacy.

Key Highlights

• Design inspired by Cambodia's national Romduol flower

• Ultra-low density: only ~398 units in a 63-floor tower

• BKK1 corner site — one of Phnom Penh's most recognizable intersections

• Full suite of luxury amenities expected

• Sequel to Le Condé BKK1, a multi-award-winning development

Why It Matters for Investors

Exclusivity and scarcity drive long-term value. With fewer than 400 units across 63 floors, Le Condé 2 is positioned at the ultra-premium end of Phnom Penh's condo market. BKK1's historically strong resale liquidity makes this a project worth monitoring for capital appreciation potential.

→ View Le Condé 2 Listings on PropertyHub

3. G.A.T.O Tower – BKK1

About the Project

G.A.T.O Tower is one of the most ambitious real estate projects announced in Cambodia in recent years. A $100 million joint venture between Japanese and Cambodian investors — led by MIRAKU Capital & Development Co., Ltd — the 65-story mixed-use tower is set to become one of Phnom Penh's tallest and most iconic buildings upon completion in 2030.

Designed by the distinguished Japanese firm Shin Takamatsu Architect & Associates, the tower will house luxury condominiums from floors 1 to 60, alongside a premier 5-star hotel component and high-end amenities including a Japanese onsen on the 48th floor, an infinity pool and sky bar at the top, and comprehensive lifestyle facilities throughout.

Construction is scheduled to begin in Q1 2026, and pre-sale bookings have been open since January 2026, with studios starting from approximately $95,000.

Key Highlights

• $100M Japanese-Cambodian development at the heart of BKK1

• Designed by Shin Takamatsu Architect & Associates (Japan)

• 5-star hotel component alongside residential condos

• Japanese onsen wellness hub (48/F), infinity pool and sky bar (67/F)

• Hotel-standard property management by WH Living & Properties Co., Ltd

• Freehold hard title — eligible for foreign buyers

Why It Matters for Investors

G.A.T.O Tower is one of the few projects in Phnom Penh combining high-rise luxury residential living with integrated 5-star hotel management, offering a potential pathway to both long-term capital appreciation and professionally managed rental income. Its positioning as one of Cambodia's tallest buildings and its prime BKK1 address give it strong long-term landmark value — though buyers should note this is a first Cambodia project for developer MIRAKU and factor appropriate due diligence.

→ View G.A.T.O Tower Listings on PropertyHub

4. Time Square 11 – Time Castle BKK3

About the Project

Time Square 11 — also branded Time Castle BKK3 — officially launched on March 4, 2026. It is the latest addition to Megakim World Corp's rapidly expanding Time Square series, this time targeting the increasingly popular BKK3 district rather than the BKK1 epicentre.

Situated on Street 113 within the Chamkarmon district, BKK3 sits adjacent to both BKK1 and the Toul Tom Poung area, offering buyers central Phnom Penh access at a significantly lower price point. Units start from under $50,000, secured with just a $500 booking deposit, with payment plans running 35 months at 0% interest.

Key Highlights

• Most affordable new off-plan condo in BKK3 at launch (from $49,616)

• $500 booking fee; 20% down payment, 35-month 0% interest plan

• Contemporary minimalist architecture with "vertical garden" concept

• Sky pool + sky lounge + sky gym amenities

• 100% delivery track record from developer across all previous Time Square projects

Why It Matters for Investors

BKK3 is attracting growing investor interest as a value play adjacent to BKK1, where existing completed condos already trade at $55,000–$90,000+ for one-bedroom units. Time Square 11 enters below that range at the pre-sale phase, offering capital appreciation potential as the project builds toward its June 2029 completion. BKK3 rental rates of $370–$700/month for 1-bedrooms provide a reasonable yield basis for buy-to-let strategies.

→ View Time Square 11 Listings on PropertyHub

5. GIA Koh Norea (GIA Norea Square)

About the Project

GIA Koh Norea (also known as GIA Norea Square) is a landmark mixed-use development rising on Koh Norea Island — Phnom Penh's most dynamic emerging riverside precinct. The project features twin towers connected by a skybridge, reaching approximately 201 meters, and incorporates both luxury residential apartments and Grade A commercial office space.

The design concept draws on nature-inspired architecture with smart building technology, delivering panoramic views of the Mekong River and the Phnom Penh city skyline. Koh Norea has been rapidly transformed by the completion of the Koh Pich–Koh Norea bridge and ongoing investment by OCIC, and GIA Koh Norea is positioned to capitalize on this momentum.

Key Highlights

• Twin towers with skybridge — a distinctive architectural landmark

• Panoramic Mekong River and Phnom Penh city skyline views

• Grade A office space + luxury residential in one development

• Koh Norea location — emerging riverfront district with strong growth trajectory

• Smart building technology and sustainable architecture

Why It Matters for Investors

Koh Norea is one of Southeast Asia's most watched emerging urban districts, with OCIC's $2.5 billion Norea City masterplan underpinning long-term infrastructure investment. Properties in this area benefit from river frontage, proximity to Koh Pich, and ongoing urban development that is expected to drive land and property values upward over the medium term.

→ View GIA Koh Norea Listings on PropertyHub

Borey & Gated Community Developments

6. Borey Peng Huoth – Phum Nimith

About the Project

Phum Nimith is one of two major new projects unveiled by Cambodia's leading residential developer, Borey Peng Huoth, as part of its 20th anniversary expansion drive. The groundbreaking ceremony took place on January 30, 2026, and the official three-day pre-sale event ran from March 6–8, 2026, drawing significant crowds and achieving strong early uptake.

The development is situated within Phase 3 of the prestigious Grand Star Platinum master-planned community in Boeung Snor, Chbar Ampov. The district is positioned at the nexus of the 60-meter road corridor and the Chbar Ampov area, a connection that will be further enhanced by the upcoming Prek Pra–Chak Angre Kraom bridge. Early buyers during the pre-sale event could access discounts of up to 10%, with additional savings reaching as high as $20,000 on select units.

Key Highlights

• Located within the established Grand Star Platinum master-plan

• Strong pre-sale demand — discounts up to 10% + up to $20,000 extra savings

• Strategic location at the 60M road / Chbar Ampov corridor nexus

• Developer with 20 years of proven delivery across Phnom Penh

→ View Phum Nimith Listings on PropertyHub

7. Borey Peng Huoth – Phum Morakot Phase II (Morakot Village 2)

About the Project

Following near-total sellout of Phum Morakot Phase I within just over a year of its May 2025 launch, Borey Peng Huoth moved swiftly to break ground on Morakot Village 2 in early 2026. The rapid sellout of Phase I reflects the strong appetite for quality housing along Phnom Penh's 60-meter road, a corridor that has experienced remarkable real estate momentum since the opening of the new Techo International Airport.

Phum Morakot Phase II builds on the success of its predecessor with luxury villa types, including the new "King Majestic" model — a flagship residence featuring premium international-standard materials, smart home technology, and a private swimming pool. Business villas (Villa Rozana Modern series) are also part of the offering for entrepreneurial buyers seeking residential-commercial hybrid properties.

Key Highlights

• Phase I achieved ~100% sales within 1 year, signaling strong underlying demand

• New King Majestic villa type: premium finishes, private pool, smart home tech

• Business villa options for entrepreneurs

• Located along the rapidly growing 60M road near the new airport

• Borey Peng Huoth's 20th anniversary expansion — heightened developer commitment

→ View Phum Morakot Phase II Listings on PropertyHub

8. Borey Chip Mong – Grand Landmark 271 Phase II

About the Project

Chip Mong Land — the real estate arm of Cambodia's diversified Chip Mong Group conglomerate — has launched the official groundbreaking and pre-sales for Grand Landmark 271 Phase II, the expansion of its flagship Landmark 271 master-planned development. The groundbreaking follows a strong market reception for Phase I and comes shortly after Chip Mong Land also launched the adjacent Home Office II project at the same development.

Grand Landmark 271 Phase II introduces three new luxury additions to the "Grand Collection":

• King Grand Villa

  — the pinnacle of the range, designed to embody aristocratic luxury

• Queen Grand II Villa

  — modern sophistication with premium amenities

• Business Villa

  — a "Golden Location" commercial villa at the heart of the 271 district

The development sits at one of Phnom Penh's most commercially active intersections, with seamless access to the 60M Boulevard, Street 271, Street 371, and Oknha Hun Neang Boulevard. The area benefits from proximity to Chip Mong 271 Mega Mall, Chip Mong Convention Centre (Cambodia's largest events venue), iCAN British International School ($100M investment), and convenient access to Techo International Airport.

Key Highlights

• Three new premium villa types in an established, award-winning masterplan

• Adjacent to Chip Mong 271 Mega Mall and Chip Mong Convention Centre

• iCAN British International School — $100M investment on-site

• World-class strategic road connectivity across south Phnom Penh

• Trusted developer: Chip Mong Group, one of Cambodia's largest conglomerates

→ View Grand Landmark 271 Phase II Listings on PropertyHub

Market Context: Phnom Penh Real Estate in 2026

The 2026 project pipeline reflects a maturing market. After years of adjustment following the pandemic, Cambodia's property sector is showing signs of selective recovery — particularly in prime locations and from developers with proven delivery records.

A few trends shaping the projects above:

BKK1 remains the prime address. Both Time Square 9 and Le Condé 2 are targeting the same prestige district, and G.A.T.O Tower occupies a Street 334 address just off Norodom Boulevard. BKK1 properties consistently command Phnom Penh's strongest resale liquidity and rental demand — especially from expatriates, embassies, and multinational businesses.

BKK3 is the value play. Time Square 11's launch at under $50,000 per unit positions BKK3 as the accessible alternative for buyers who want central Chamkarmon living without BKK1's premium pricing.

The 60M road corridor is accelerating. The opening of Techo International Airport has validated long-term confidence in the southern corridor. Both Borey Peng Huoth and Chip Mong Land are doubling down here, with Phum Nimith, Phum Morakot Phase II, and Grand Landmark 271 Phase II all positioned along or adjacent to this growth zone.

Koh Norea is maturing. Once considered peripheral, Koh Norea now has a bridge, a parkway, a growing retail scene, and the GIA Norea Square development adding landmark mixed-use density to the island.

Capital Gains Tax (CGT) note. The Cambodian government has deferred the 20% capital gains tax on property sales to January 1, 2027. Investors planning a resale exit before that date should plan accordingly.

How PropertyHub Can Help

PropertyHub (khpropertyhub.com) is Cambodia's online real estate marketplace, connecting buyers, sellers, and investors with the latest listings across Phnom Penh and Cambodia's key property markets. Each project listed above will have a dedicated page on PropertyHub with updated pricing, floor plans, and agent contacts.

Browse all new development listings → khpropertyhub.com

This article is updated regularly as new projects launch. If you are a developer with a new project in Phnom Penh and would like to be featured, contact the PropertyHub editorial team.

Tags: Phnom Penh real estate 2026 | new condo Phnom Penh | BKK1 condo | Time Square 9 | Le Condé 2 | GATO Tower | Time Square 11 | GIA Koh Norea | Borey Peng Huoth | Chip Mong Land | Cambodia property investment | borey Phnom Penh