The Penthouse Residences
No. 83B, Sothearos Boulevard, Tonle Bassac, Chamkarmon District, Phnom Penh
Hard Title & Legal Ownership
Title Unverified
Title status has not been independently confirmed by Bricks Property Network. Buyers must conduct their own legal due diligence before committing to any purchase.
All title and legal information on this page requires independent verification by a qualified Cambodian property lawyer before any purchase commitment. Bricks Property Network is not a legal adviser.
About This Project
The Penthouse Residences is a completed high-rise condominium and serviced-residence development located along Sothearos Boulevard in Tonle Bassac, Chamkarmon District, Phnom Penh. Developed by The Penthouse Residence Co., Ltd., the tower is marketed as an upscale urban residence with hotel-style services, leisure facilities and panoramic city views. The project comprises 458 units across 43 floors. Published project information describes a varied residential mix, including studios, one- to four-bedroom apartments, duplex residences and larger penthouses. Publicly listed unit areas range from approximately 27 sqm to 474 sqm. The building's advertised facilities include a rooftop swimming pool, fitness centre, sauna, steam room, jacuzzi and the Celeste revolving sky bar and dining venue. The project also offers access to nearby retail, hospitality, dining and educational facilities, including AEON Mall 1 and the Sofitel Phnom Penh Phokeethra area. The development is completed and occupied. Buyers are therefore primarily considering resale units rather than purchasing into a new off-plan project. The condition, furnishing, maintenance history, current occupancy and title documentation of each resale unit should be evaluated individually.
Key Highlights
- Completed 43-storey residential tower in Tonle Bassac
- 458 units across a broad range of residential configurations
- Unit types include studios, one- to four-bedroom residences, duplexes and penthouses
- Featuring unit sizes range from approximately 27 sqm to 474 sqm
- Facilities include a rooftop swimming pool, gym, sauna, steam room, jacuzzi and revolving sky bar
- Located on Sothearos Boulevard, with access to AEON Mall 1, hotels, restaurants, schools and central Phnom Penh amenities
- Resale opportunities are available, with prices varying considerably by unit size, floor, condition and view
- Facilities, services and operating arrangements should be confirmed with the building management team before purchase
Unit Types & Inventory
| Unit Type | Size (sqm) | Price From | Price To |
|---|---|---|---|
| Studio | ~27 to 51 | USD 70,000 | USD 115,000 |
| 1 Bedroom | ~35 to 55 | USD 90,000 | USD 150,000 |
| 2 Bedrooms | ~48 to 95 | USD 120,000 | USD 240,000 |
| 3 Bedrooms / Duplex | ~154 sqm+ | USD 450,000 | USD 690,000 |
| 4 Bedrooms / Penthouses | ~223 to 588 | USD 690,000 | USD 1,890,000 |
Indicative advertised starting price — not a verified developer price list
Pricing & Acquisition Cost
Typical acquisition costs in Cambodia include a 4% transfer tax, stamp duty, notary fees (approx. 0.5–1%), and legal fees. Foreign buyers purchasing via co-ownership (strata) title should budget an additional 1–2% for title registration. All figures are indicative — consult a qualified Cambodian property lawyer for a full cost breakdown specific to your transaction.
Investment Considerations
The Penthouse Residences offers buyers a completed residential property in an established central Phnom Penh location, with a range of unit sizes and access to advertised lifestyle facilities. Its completed status allows buyers to inspect the actual unit and common areas before committing, reducing the uncertainty associated with purchasing an unfinished development. However, investment performance will vary significantly by unit. Smaller units may have a different tenant profile and rental market from large residences and penthouses. Larger units generally require a higher capital commitment and may have a narrower pool of potential buyers and tenants. Buyers should inspect the unit and common areas; verify the individual unit's title, ownership, encumbrances and transferability; obtain recent evidence of achieved rents for comparable units in the building; and check whether any rental-management or rental-guarantee arrangement remains valid and enforceable. Neither capital appreciation nor rental income should be regarded as guaranteed.
Rental & Investment Analysis
Yield estimates are gross figures sourced from developer materials and local agent feedback. Net yields after management fees, vacancy, maintenance and taxes will be lower. All figures require independent verification.
Developer Background
The project is attributed to The Penthouse Residence Co., Ltd. in public project information. The company is associated with the development of The Penthouse Residences on Sothearos Boulevard. Public sources provide project-level information, but this profile does not independently verify the company's current financial standing, ownership structure or broader corporate position. Buyers should conduct appropriate corporate and legal due diligence where relevant to the transaction.
Construction & Handover
Construction timelines in Cambodia are subject to change. Off-plan buyers should verify current construction progress and obtain contractual protections for delays before committing.
Approvals & Compliance
Construction and completion approvals: Not independently verified for this profile. Occupancy and unit documentation require unit- and building-specific verification. The completed status reported by public listings does not itself establish that every relevant approval or document is available for inspection.
Permit and compliance status should be independently verified with the relevant Cambodian authorities (Ministry of Land Management, Urban Planning and Construction) before any purchase.
Building Management
Management fee structures in Cambodia vary significantly between projects. Buyers should obtain a copy of the building management agreement and verify all fees, service charges, and sinking fund contributions before purchase.
Risk Assessment
Research confidence scorecard — rated High, Medium or Low based on available evidence.
Sources & Verification
Information is sourced from public records and developer marketing materials only. Independent verification is strongly recommended.
Information is sourced from public records and developer marketing materials only. Independent verification is strongly recommended. Public property listings reviewed include all available trusted online portals in Cambodia and other local property-market sources. Their figures may differ and are not substitutes for official records or direct confirmation from the legal developer. Research Integrity Level: Publicly and Developer Reported — Independent Verification Required.
Pros & Cons
- Completed 43-storey tower on Sothearos Boulevard — prime Tonle Bassac address
- Wide unit range (studios to 4-bedroom penthouses, 27–474 sqm) suits multiple buyer profiles
- Revolving sky bar and premium facilities are genuine lifestyle differentiators
- Proximity to AEON Mall 1, hotels, restaurants, schools and central Phnom Penh
- Resale and rental inventory widely available — established secondary market
- Hard Title reported — individual unit title verification recommended
- Resale market is competitive — 458 units with wide price variation
- Older completed building — facilities and management quality require on-site inspection
- Premium pricing for larger units ($450k–$1.89M+) limits the buyer pool
- Management fee ($1.90/sqm/month) is among the highest in this review
- Rental yields may be compressed at premium price points
Who Is This Project Suitable For?
Prime Sothearos Boulevard location with premium facilities and central amenity access.
Established building with consistent expat and diplomatic rental demand in Tonle Bassac.
Penthouse and duplex units offer premium lifestyle in a central location.
Wide resale inventory allows price negotiation and unit selection.
Buyer suitability assessments are general in nature and do not constitute personalised financial or legal advice. All buyers should independently assess their own circumstances before making any property investment decision.
Location Highlights
Nearby Amenities & Landmarks
- AEON Mall 1 (approx. 1 km)
- Tonle Bassac riverside
- International hotels
- BKK1 restaurants and lifestyle amenities
- International schools
- Embassies
Infrastructure & Connectivity
Sothearos Boulevard is one of Phnom Penh's primary riverside boulevards with established commercial and residential infrastructure.
The area is fully developed. No major new infrastructure projects are required or planned for the immediate vicinity.
Editor's Investment Advice
The Penthouse Residences offers a completed, premium product on Sothearos Boulevard with a wide range of unit types and an established resale market. The Hard Title framework, prime location and revolving sky bar are genuine positives. The high management fee, competitive resale market and need for individual unit inspection are the key considerations. Suitable for owner-occupiers and long-term rental investors who inspect the specific unit and verify title.
Owner-occupiers, long-term rental investors and high-net-worth buyers seeking a central Tonle Bassac address.
High management fee, competitive resale market, building age and condition variability, premium pricing for larger units.
Inspect the specific unit in person. Verify individual unit title with a Cambodian lawyer. Confirm current management fee and building services. Research comparable Tonle Bassac rental rates.
The investment case is already reasonably established for the right buyer. Negotiated pricing in the resale market would improve yield prospects.
Investment Disclaimer: Editor's Investment Advice represents an independent editorial assessment based on information available at the date of publication. The labels "MUST BUY", "CAN BUY" and "AVOID" are general opinions for informational purposes only and do not constitute financial, legal, tax or personalised investment advice. Property prices, rental income, capital appreciation and resale liquidity are not guaranteed. Buyers should independently assess their financial circumstances, investment objectives and risk tolerance before making any purchase.
Legal Title Disclaimer: Bricks Consultancy is not a law firm and does not provide legal opinions or certify property ownership. Title status, title transferability, foreign ownership eligibility, encumbrances, permits and other legal matters must be independently verified by a qualified Cambodian property lawyer and the relevant authorities before any payment or purchase commitment.
Enquire About This Project
Hard Title. Individual unit title status requires independent verification with a qualified Cambodian property lawyer.
View full title detailsNeed expert advice?
Bricks Consultancy provides commission-free, independent advice for Cambodia property investors and developers.
Learn MoreThis listing is for research purposes only. Bricks Property Network is not a licensed real estate agent. All prices are indicative. This is not financial or legal advice. Always seek independent professional advice before making any property investment decision.
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