10-Year GRR Condo units at Somerset Diamond Bay Garden, by Ascott & OCICLooking for a prime investment in the heart of Phnom Penh’s CBD with guaranteed income and stunning riverfront views? Welcome to Somerset Diamond Bay Garden, a premium waterfront condominium development on Diamond Island (Koh Pich) by trusted local developer OCIC, in partnership with The Ascott Limited—part of the globally renowned CapitaLand Group.
GRR Leaseback ProgramEarn a 70% total return of your purchase price over the first 10 years through a Guaranteed Leaseback Program managed by Ascott’s world-renowned Somerset brand. The leaseback program allows investors to generate 70% return of the initial purchase price over the first 10 years of ownership, before having the unit returned for private use or resale in as-new condition.
GRR Payout Breakdown:
Year 01: 4.5%Year 02: 5%Year 03: 5.5%Year 04: 6%Year 05: 6.5%Year 06: 7%Year 07: 8%Year 08: 8.5%Year 09: 9%Year 10: 10%Flexible Financing with Canadia BankDownpayment from 30-50%Up to 70% financing available through Canadia BankNo additional collateral needed, only the unit itself25-year loan termsAvailable to both local and foreign buyersCanadia Bank is Cambodia’s most trusted commercial bank with over $8 billion in assets, offering reliable, accessible solutions for international investors. Manageable installment plans and extended financing solutions are available to both foreign investors and local buyers, making owning and investing in Diamond Bay both accessible and convenient. This ensures a smooth and tailored investment experience.
Project HighlightsThe first of Diamond Bay Garden’s three towers, Tower A, is now nearing 100% construction completion and features 591 premium residences across 39 stories. 
Developed by OCIC, a top-tier Cambodian developerManaged by The Ascott Limited, part of CapitaLand GroupStrata Title available for foreign ownership3-tower development; Tower A near 100% completionTower A: 591 residences over 39 storiesFull handover by 2026—some units already available for move-inCurrently 60% sold outTower A at Diamond Bay Garden offers a prime location in one of the capital cities’ highest valued locations- Koh Pich/Diamond Island.
Nestled adjacent to the iconic Mekong, Tonle Sap and Bassac Rivers, the project also offers panoramic and absolute riverfront views of the three rivers’ convergence. No other condominium development in Phnom Penh offers such majestic views, and ease of access to the riverfront promenade.
Unmatched Riverfront LocationLocated in the fast-emerging Koh Pich Central Business District (CBD), Diamond Bay also offers a rare balance of convenience, accessibility, and privacy. 
Absolute riverfront views of the Mekong, Bassac, and Tonle Sap RiversImmediate access to the riverfront promenadeClose to 8+ hectares of green space, Norea Bridge, cafés, retail hubs, tech companies, and Grade A office towersLifestyle Amenities & Eco DesignDiamond Bay brings together a premium design with a commitment to sustainability. The project integrates nature into its design with lush ground gardens, cascading vertical greenery, and a serene sky garden. These thoughtfully curated green spaces bring the beauty of nature, creating a tranquil environment that merges the energy of water with the zen of plants.
Lush sky gardens, vertical greenery, and ground-level landscapingLarge swimming pool, kids’ pool, fitness center, yoga room, and playgroundTwo full parking floors with 1,378 car spacesDesigned to bring wellness, sustainability, and modern luxury together. With the existing and future expansion of the riverwalks - Diamond Bay residents can enjoy peaceful strolls, bicycle rides or invigorating exercise all along the waterfront at their very doorstep - connecting health and nature in perfect harmony.
The project will be 100% completed and handover by 2026, and already some units are available for moving in. Units for living, with no GRR, start from just $120,000. Meanwhile, Ascott’s management and GRR payments will commence in July 2026.
Act Now—Limited GRR Units AvailableContact IPS Cambodia today for a consultation or to schedule a property tour. Experience high-yield investment returns, riverside living, and peace of mind—all in one property.
For overseas buyers: This is one of Phnom Penh’s last remaining absolute riverfront investments with strata title—don’t miss out.