Over the last decade, Phnom Penh’s skyline has changed dramatically. But if you want to see where the real “new” Phnom Penh is being built, you have to look toward the water.
Phnom Penh is one of the few capital cities in the world defined by the meeting of three major rivers: the Mekong, the Tonle Sap, and the Bassac. Historically, these rivers were the lifeblood of trade; today, they are the driving force behind the city’s most prestigious real estate.
Riverfront land is a finite resource. You can always build further out into the suburbs, but you can’t “create” more land where three rivers meet. This scarcity is exactly why waterfront districts in major cities, think London’s South Bank or Bangkok’s Riverside, hold their value and tend to appreciate more than anywhere else. In Phnom Penh, the waterfront has moved from being a scenic backdrop to becoming the city’s new growth engine.
The transformation of Koh Pich (Diamond Island) is one of the most successful urban stories in Southeast Asia. Not long ago, this was a quiet area characterized by small fishing communities. Today, it is a bustling district of glass towers, innovative hubs, international schools, and manicured parks within a prime residential area.
The evolution wasn’t accidental. It was the result of:
If you look at a map of Phnom Penh today, Koh Pich sits at a strategic crossroads. It serves as the bridge between the established diplomatic quarter of BKK1 and the booming new developments across the river in Koh Norea.
A major turning point for the district has been the arrival of global hospitality names. When a brand like The Ascott Limited (from Singapore) enters the market, it changes the game.
If Koh Pich is the crown of Phnom Penh’s waterfront, Diamond Bay Garden (DBG) is its centerpiece. Rising 39 stories (over 150m) at the confluence of the three rivers, this branded residence reflects the ultimate goal of the district: luxury that embraces nature.
Developed by OCIC in partnership with Ascott, DBG offers a unique investment model:
| Feature | Details |
| Developer | OCIC Group |
| Total Floors | 39 Stories |
| Total Units | 591 |
| Unit Types | Studio, 1BR, 2BR, 3BR, & Shophouses |
| Floor Area | 60 sqm to 170 sqm |
| Title Type | Freehold (Strata Title) |
| Completion | 2026 |
Each residence is designed to maximize natural light and capture panoramic views. With high-quality finishes, these units, studio, 1-bed, 2-bed, and 3-bbed, are built for longevity.
Some of DBG’s amenities include:
Explore our up-to-date listings and find the layout that fits your goals:
View the Main Project Page: Diamond Bay Garden – Full Project Details & AvailabilityAt IPS Cambodia, we don’t just list properties; we provide the local insight and international standards required to make a confident investment. Whether you are looking for a “hands-off” managed asset or a primary residence at the confluence of the three rivers, our team is here to guide you.
Contact Us Directly:
Buying, Investor Guide, +1 more Buying, Investor Guide, Property Market news
Building height affects far more than the view. Compare low-rise and high-rise condo living in Cambodia and decide which residential style suits you.
Buying, Condo Sales, +2 more Buying, Condo Sales, Investor Guide, Property Market news
Discover G.A.T.O Tower Phnom Penh, a 296-meter, 67-story luxury mixed-use landmark at Norodom Blvd & St. 334 in BKK1.
Investor Guide, Buying, +1 more Investor Guide, Buying, Condo Sales
Discover the GATO Tower location profile on Norodom Boulevard and Street 334 in BKK1.