The Olympia Condominium

Phnom Penh is quietly becoming one of Southeast Asia's most compelling stories for overseas property investment, and The Olympia Condominium places you at the very centre of that narrative, both literally and figuratively. Priced from USD 63,201, this ready-to-move-in development offers European investors an immediate foothold in Cambodia's capital at a price point that would be unthinkable in Bangkok, let alone Kuala Lumpur or Singapore. Our Varsovia Estate team has inspected the project on the ground and can confirm the quality of finish and the strategic value of this address.

The project is part of the wider Olympia City mixed-use development, a self-contained urban district that integrates a shopping mall, hotel, office towers, and a medical centre within the same complex. For landlords targeting long-term tenants, this is exactly the kind of live-work-play infrastructure that commands premium rents and low vacancy rates. Expatriate professionals, regional executives, and medical staff working within the complex represent a reliable, high-quality tenant pool that investors in Warsaw or Berlin would immediately recognise as a strong rental foundation.

Residents have access to a full suite of leisure facilities: a swimming pool, sauna, fitness centre, and a badminton court, all complemented by landscaped communal areas and dedicated parking. City views from upper-floor apartments add a layer of lifestyle appeal that goes beyond the numbers. Unit sizes range from practical studios at 48.3 sqm to spacious two-bedroom layouts at 103-117.45 sqm, giving investors flexibility to target different segments of the rental market from a single building.

At USD 1,309 per sqm, this is priced below replacement cost in the area and well below comparable assets in other ASEAN capitals. Cambodia operates a relatively open property ownership framework for foreigners in condominiums above the ground floor, making legal acquisition straightforward. With only 17 units in total, this is a boutique development with a natural scarcity premium, not a mass-market tower where your unit competes with hundreds of identical listings.