Picasso Sky Gemme — BKK1 Phnom Penh
Picasso Sky Gemme — view 2Picasso Sky Gemme — view 3

Overview

Picasso Sky Gemme — widely known as Picasso 2 — is a 52-storey residential tower under construction in BKK1 by Global Titan Stone Real Estate Development. The defining number is 276: for a tower of this height it is an unusually small unit count, and it shapes everything else — larger floor plans per residence, more privacy, and a building pitched at the top of the district’s rental market. Construction was in its early stages at listing (around 4% progress), with completion targeted for Q3 2029.

The mix runs from one- to three-bedroom residences and penthouses of 61–203 m² — floor plans noticeably larger than the compact-investor formula of most new BKK1 towers — with ceiling heights of 3.3–3.6 metres. Residents get a skyline infinity pool, jacuzzi and sauna, a fully equipped gym, landscaped gardens, a children’s playground and a ground-level commercial area, with 24/7 reception, video surveillance, backup power and secure parking underneath; professional property management runs the building day to day.

At US$218,000 entry this is the luxury end of the off-plan market, and the listing’s projected 6% gross / 4% net yield reflects that positioning: large-format prime property trades some yield for tenant quality and capital preservation. The natural tenants are executives and diplomatic households who need space inside the district; the natural buyers are investors who want strata hard-title ownership of a genuinely scarce product — big residences in BKK1 — secured early in the construction cycle on developer terms.

Investment Highlights

  • Only ≈276 residences across 52 floors — genuine low density for a tower of this scale
  • Large formats of 61–203 m² with 3.3–3.6 m ceilings, uncommon in new BKK1 supply
  • Projected 6% gross / 4% net yield, aimed at executive and diplomatic tenants
  • Hard title under strata ownership; developer payment terms during construction
  • Early construction stage (≈4% at listing) — entry ahead of the completion curve, Q3 2029
  • From US$218,000 in a district where large new residences are structurally undersupplied

Amenities & Facilities

  • Infinity pool
  • Jacuzzi
  • Sauna
  • Fitness center
  • Landscaped gardens
  • Children’s playground
  • Retail podium
  • Concierge service
  • 24/7 security
  • CCTV surveillance
  • Parking

Location: BKK1

BKK1 concentrates Phnom Penh’s embassies, multinational offices and international schools — and with them the tenants who pay the capital’s highest rents. For families and senior staff the binding constraint is space: most new towers slice their floors into compact investor units, so larger residences are chronically undersupplied, which is precisely the niche Picasso Sky Gemme is built to serve. Liquidity is the district’s other advantage — both the leasing and resale markets here are the deepest in the country.

Payment Plan

Developer installment plan available — typically no bank financing required.

Prices, completion dates and yield estimates are indicative, provided by the developer, and subject to change and unit availability. Yield figures are estimates, not guarantees. Independent legal review is recommended before any purchase.

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