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Norea Square

Koh Norea, Phnom Penh

A mixed-use development within Norea City, offering buyers early exposure to one of Phnom Penh's newest waterfront masterplans supported by major infrastructure investment, city expansion, and long-term urban growth potential.

Starting Price: $63,446
Configuration: 1-Bed, 2-Bed, 3-Bed

Project Description

Norea Square is a modern residential condominium located within Norea City, one of Phnom Penh's newest waterfront master-planned districts developed by OCIC, the same developer behind Diamond Island (Koh Pich), Norea City, and the new Techo International Airport. Positioned beside the Mekong River and connected to central Phnom Penh through the Koh Norea Bridge, the project offers buyers early exposure to one of the capital's most ambitious urban expansion areas.

The development consists of a 25-storey residential tower offering one-bedroom, two-bedroom, and three-bedroom layouts ranging from approximately 49 sqm to 147 sqm gross area. Residents benefit from facilities including a swimming pool, fitness center, steam room, sauna, clubhouse, rooftop sky garden, and panoramic views overlooking the river, Koh Pich skyline, and the growing Norea City district.

Unlike many developments located within Phnom Penh's mature districts, Norea Square allows buyers to enter a large-scale master-planned community at an earlier stage of growth. With foreigner-eligible strata title ownership, flexible payment schemes, bank financing options, and direct access to the broader Norea City ecosystem including Coconut Park, Norea Parkway, commercial spaces, and future urban infrastructure, the project presents an opportunity for both homeowners and investors seeking long-term exposure to Phnom Penh's expanding waterfront corridor.

Proven developer track records
Foreigner ownership eligibility
Bank loans available
Strong property management quality
Strategic location fundamentals
Clear legal documentation

Location Advantage

Norea Square is located within Norea City, one of Phnom Penh's newest waterfront master-planned districts positioned directly across the river from the capital's traditional city center. While established districts such as BKK1 and Tonle Bassac continue to command premium property prices, Norea City offers buyers the opportunity to enter a large-scale urban development at an earlier stage of growth.

The area benefits from major infrastructure investments including the Koh Norea Bridge, improved connectivity to central Phnom Penh, and OCIC's long-term vision of transforming the district into a modern waterfront community. As residential, commercial, retail, and lifestyle developments continue to expand throughout Norea City, the area is gradually establishing itself as a new destination for both residents and businesses.

This dynamic reflects a common pattern seen in many growing cities: mature city centers reach pricing maturity, infrastructure expands outward, and new master-planned districts emerge as the next phase of urban growth. As Phnom Penh continues expanding south and east, developments such as Norea Square stand to benefit from increasing residential demand, improving accessibility, and the long-term evolution of the Norea City masterplan.

Location

Map Overview

Market Insights

Nearby Landmarks & Lifestyle

  • Located within Norea City masterplan
  • Direct access to Koh Norea Bridge connecting to central Phnom Penh
  • 5 mins to Koh Pich (Diamond Island)
  • 10 mins to BKK1 and Tonle Bassac districts
  • Nearby Norea Parkway waterfront promenade
  • Nearby Coconut Park Norea
  • Close to Norea Commercial Building and future business districts

Tenant Profile

  • Young professionals and executives
  • Corporate employees working in central Phnom Penh
  • Business owners and entrepreneurs
  • Local and foreign residents seeking newer residential communities
  • Families looking for modern living environments outside the city center

Norea Square is positioned toward residents who want convenient access to Phnom Penh's major business and lifestyle districts while enjoying a newer and more master-planned residential environment. The project appeals to tenants seeking modern facilities, waterfront surroundings, and proximity to central Phnom Penh without being located directly within the city's most crowded districts.

As Norea City continues to develop, the area is expected to attract residents who value connectivity, modern urban planning, open spaces, and long-term lifestyle convenience within one of Phnom Penh's emerging waterfront communities.

Investment Perspective

Norea Square is positioned as an early-entry residential investment within Norea City, one of Phnom Penh's newest waterfront master-planned districts developed by OCIC. Rather than competing directly with mature districts such as BKK1, the project offers buyers exposure to a growing urban area supported by major infrastructure, large-scale development, and long-term city expansion plans.

As Phnom Penh continues to expand beyond its traditional core, master-planned communities with improving connectivity often attract increasing residential and commercial activity over time. The completion of the Koh Norea Bridge, the continued development of Norea City, and OCIC's broader investment in the area contribute to the district's long-term growth story.

  • Lower entry pricing compared to many prime-core Phnom Penh projects
  • Exposure to one of the city's newest waterfront master-planned communities
  • Strong developer backing from OCIC (Koh Pich and Techo International Airport)
  • Growing connectivity through the Koh Norea Bridge and surrounding infrastructure
  • Foreigner-eligible strata title ownership with bank financing options

Unlike mature districts where much of the growth has already been realized, Norea Square offers investors the opportunity to participate in the earlier stages of a large-scale urban development that may benefit from future residential demand, commercial expansion, and continued waterfront city growth.

Estimated Rental Demand

$400-$700 for 1-bedroom units

$800-$1,200 for 2-bedroom units

$1,300 and up for 3-bedroom units

Project Highlights

Project Name

Norea Square

Developer

OCIC

Location

Koh Norea Phnom Penh

Property Type

Residential Condominium

Ownership

Strata Title (Freehold)

Launch Date

June 2026

Handover Date

December 2028

Total No of Units

140

Total Floors

26

Starting Price

$63,446

Management Fee

$1.15/gross sqm

Building Overview

Norea Square building overview

Floor Plan

Norea Square floor plan 1

Unit Sizes

Unit Type
MetricGross Size
MetricNet Size
Starting Price
ImperialGross Size
ImperialNet Size
1-Bed (Type 1A)49.06 sqm38.35 sqmFrom $63k527 sqft409 sqft
1-Bed (Type 1B)54.05 sqm42.25 sqmFrom $69k581 sqft452 sqft
2-Bed (Type 2A)85.58 sqm66.90 sqmFrom $110k915 sqft710 sqft
3-Bed (Type 3A)146.62 sqm114.61 sqmFrom $223k1,578 sqft1,234 sqft

Payment Term Breakdown

Editable calculator based on the developer payment schedule. Adjust the rates below to match your selected unit and payment scenario.

%
%
%

Auto-filled as 100% − Downpayment − Installment

Payment Reference

Booking Fee

- Payable upon reservation of your unit

Downpayment Installment

- Payable upon signing Sales and Purchase Agreement (SPA) within 1 month after booking

Monthly Installment

- Payable during construction period

Handover Balance

- Payable during unit handover

Selected Unit

1-Bed (Type 1A)

49.06 sqm gross

38.35 sqm net

Starting Price

$63,446

Booking fee
$1,000

Downpayment after booking fee

(30% of unit price) - booking fee

$18,034

Monthly installment

40% over 36 months

$705
Handover balance
$19,034

Total Scheduled

$63,446

Figures are indicative. Final payment schedule will be confirmed by the developer.