Urban Living Solutions

What Urban Living Solutions does

Urban Living Solutions (ULS) is a privately held Cambodian real estate and lifestyle development company founded in 2016 and headquartered in Phnom Penh. It develops mixed-use communities across two Cambodian cities, anchored by four core properties: ODOM (luxury condominiums and Singaporean Grade A offices in Phnom Penh, priced from $225,000 with LEED certification pursuit), Rose Apple Square (mixed-use community in Siem Reap with condos from $125,000), Bakong Village (affordable modern housing from $75,000), and Velea serviced apartments. The company reports having delivered over 1,000 homes cumulatively since founding.

ULS operates a vertically integrated lifestyle portfolio extending beyond property sales into hospitality (Velea serviced apartments), co-living (Commune), co-working (Siem Reap House), heritage crafts (wholly-owned subsidiary Artisans Angkor), and cultural retail (Tsutaya Bookstore Cambodia franchise at AEON Mall). Revenue mechanics combine one-time property sales with recurring serviced-apartment and co-working income, a USD-pegged 7% fixed quarterly return program for investors with a guaranteed buy-back option, and franchise and licensing income. Distribution combines direct showroom sales in Phnom Penh and Siem Reap, an International Agents Network, and a presence at property expos in Dubai, Moscow, and St. Petersburg.

The customer base spans Cambodia's emerging middle class seeking community-focused housing, international real estate investors seeking USD-denominated exposure, commercial tenants (including the Royal Thai Consulate as anchor), and tourists and digital nomads using the hospitality products. ULS is founder-led by Kim "Leang" Kean as Managing Director, employs 11–50 people, has not disclosed any institutional funding rounds, and reports active operations through 2024 with partnerships including IHG Hotels & Resorts and CBRE Cambodia.

Name

Urban Living Solutions

Legal name

Urban Living Solutions Co., Ltd.

Website

https://urbanlivingsolutions.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Urban Living Solutions is a Cambodian real estate and lifestyle developer building mixed-use communities across Phnom Penh and Siem Reap, serving domestic homebuyers, international investors, commercial tenants, and hospitality guests through an integrated portfolio of properties, serviced apartments, co-living, and co-working spaces.

Ownership category

akta.pro rank

Headquarters

HQ city

Phnom Pen

HQ country

Cambodia

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Property Sales: ULS sells residential and commercial properties across multiple developments including ODOM (luxury condos from $225,000, Grade A offices), Rose Apple Square (condos from $125,000), Bakong Village (homes from $75,000), and Velea serviced apartments. Sales are one-time transactions with title ownership transferred to buyers.
2. Rental Management Services: ULS operates Velea at Rose Apple Square as premium serviced apartments, generating revenue through short-, medium-, and long-term stays. The company manages investor properties and pays fixed returns quarterly regardless of occupancy.
3. Fixed Return Investment Program: ULS offers guaranteed rental return programs where investors receive 7% of purchase price quarterly for 5 years. The company handles all property management and generates revenue through rental operations.
4. Franchise Operations - Tsutaya Bookstore: ULS operates Tsutaya Bookstore Cambodia as franchise owner at AEON Mall, generating revenue from book, stationery, and lifestyle product sales across 1,500 sqm retail space.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Urban Living Solutions is a Cambodian real estate and lifestyle development firm that designs, builds, and operates community-focused mixed-use developments including luxury condominiums, Grade A offices, affordable housing, serviced apartments, co-living, and co-working spaces. The company sells individual units to homeowners and investors and provides managed rental programs with a guaranteed 7% annual return for five years plus a buy-back option, with all transactions denominated in USD. Complementary lifestyle sub-brands include Artisans Angkor (heritage crafts) and the Tsutaya Bookstore Cambodia franchise.

Product overview

Urban Living Solutions (ULS) is a real estate and lifestyle development firm operating as a multi-project portfolio with distinct branded developments across Cambodia. The portfolio centers on four core properties: Odom Phnom Penh (luxury condos and Grade A offices), Rose Apple Square (mixed-use community hub in Siem Reap), Bakong Village (affordable modern housing), and Velea (premium serviced apartments). These are complemented by specialized sub-brands including Commune (co-living), Siem Reap House (co-working), Artisans Angkor (heritage crafts), and Tsutaya Bookstore Cambodia (cultural retail). The company also operates community spaces such as Rose Apple Square Park and the We Love Siem Reap Gift Shop. All developments emphasize community-focused design, sustainability, and mixed-use functionality.

Differentiator

Problem solved

Functional benefit

Products and services

• ODOM Phnom Penh Luxury mixed-use development in Phnom Penh featuring high-end condominiums and Singaporean Grade A office spaces, with LEED-targeted sustainability features such as rainwater harvesting, EV charging, and green community spaces, for homebuyers, investors, and commercial tenants.
• Rose Apple Square Mixed-use community development in Siem Reap combining premium serviced apartments, strata office spaces, retail areas, co-living (Commune), co-working (Siem Reap House), and a central green courtyard, marketed to homebuyers, investors, commercial tenants, and travelers. Condos start from $125,000 with Guaranteed Rental Return and Guaranteed Buy-Back programs.
• Velea at Rose Apple Square A collection of 40 fully furnished premium serviced apartment suites at Rose Apple Square with 24/7 concierge service, offering short-term and long-term stays with nightly rates starting from $49 (studio), $66 (1BR), and $96 (2BR), for travelers and digital nomads.
• Bakong Village Affordable modern residential community in Siem Reap featuring contemporary shophouse-inspired homes organized in community clusters, with offerings for both freehold and leasehold ownership, marketed to Cambodian families and foreign buyers seeking attainable housing from $75,000.
• Commune at Rose Apple Square Co-living space within Rose Apple Square offering private living spaces with shared amenities including communal kitchen, lounge areas, and co-working spaces for long-term travelers and professionals.
• Siem Reap House The largest co-working space in Siem Reap, spanning over 2,643 square meters across three floors, offering hot desks ($5/day, $25/week, $90/month), private offices, and event spaces for professionals, startups, and businesses.
• Tsutaya Bookstore Cambodia Cultural and lifestyle bookstore franchise operated by ULS at AEON Mall Phnom Penh, featuring over 70,000 books, stationery, collectibles, a cafe, and children's zone, serving Cambodian consumers and visitors.
• Artisans Angkor Craft and artisan hub in Siem Reap that produces and sells traditional Cambodian craftsmanship in wood, silk, stone, and metal, with training programs to preserve heritage crafts, serving cultural tourism and Cambodian consumers.
• Fixed Return Investment Program Investment program offering a guaranteed 7% annual return on property purchase price paid quarterly for five years, with a guaranteed buy-back option and full rental management handled by ULS, targeted at Cambodian and international real estate investors.

Quantifiable outcome

• Over 1,000 homes delivered
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

16 partnerships are on record, tiered community, flagship, minor, strategic, major and anchor.

• Cambodian Children's Fund (CCF)communityGTM or Marketing Partner · 24 November 2024ULS supported CCF's Annual Youth Talk event at Rose Apple Square Auditorium, hosting over 100 youth participants for discussions on women's empowerment and gender-based violence awareness.
• Artisans AngkorflagshipStrategic or Co-development Partner · 10 November 2024Artisans Angkor is part of ULS's portfolio, operating as a hub for Cambodian craftsmanship that provides training programs and preserves traditional crafts. The silk farm reopened in November 2024 with attendance by Her Excellency Dr. Pich Chanmony Hun Manet.
• Realestate.com.khminorGTM or Marketing Partner · 19 October 2024ULS participated in Property, Business & Lifestyle Expo 2024 with Realestate.com.kh, showcasing projects to attendees and industry professionals.
• Shift 360 / Mekong Food FestivalminorGTM or Marketing Partner · 19 September 2024ULS participated in the White Hats Gala Dinner, the concluding event of the Mekong Food Festival, supporting the Naomi Scholarship Fund for culinary education.
• Cambodia Rural Students Trust (CRST)communityStrategic or Co-development Partner · 3 September 2024ULS partnered with Cambodia Rural Students Trust for tree-planting initiatives, planting 395 trees along 7 Makara Road in Chanlong Village, Siem Reap.
• Run With SaicommunityStrategic or Co-development Partner · 1 September 2024Independent artist Sai organized the Koh Ker Heritage Trail marathon, with ULS and Rose Apple Square participating and supporting the event celebrating the temple's World Heritage listing anniversary.
• Elite Soccer CoachingminorGTM or Marketing Partner · 1 September 2024ULS sponsored Elite Soccer Coaching's youth football team for the second year, supporting youth sports development in Cambodia.
• CBRE CambodiastrategicGTM or Marketing Partner · 19 July 2024ULS co-hosted the Mid-Year 2024 Phnom Penh Real Estate Outlook with CBRE Cambodia, an event providing market insights and expert analysis on Cambodia's real estate sector.
• IPS CambodiamajorStrategic or Co-development Partner · 12 July 2024ULS co-hosts 'One Vision, One Siem Reap' events with IPS Cambodia and Siem Reap Tourism Club, bringing together industry leaders, investors, and stakeholders to discuss Siem Reap's future.
• Royal Thai ConsulateanchorChannel Partner/ Reseller/ Distributor · 20 June 2024The Royal Thai Consulate became an anchor tenant in Rose Apple Square's office spaces, occupying significant office area in the Siem Reap mixed-use development.
• AmCham Cambodia (American Chamber of Commerce)strategicGTM or Marketing Partner · 12 June 2024ULS hosted AmCham's Real Estate and Construction Committee networking event at ODOM Showroom, drawing over 100 members from Phnom Penh's business community.
• Project T-Trees for LifecommunityStrategic or Co-development Partner · 29 April 2024ULS partnered with T-Trees for Life for tree-planting initiatives in Siem Reap, planting 600 trees in April 2024 and 395 trees in September 2024 in various villages.
• Tsutaya BookstoremajorOEM/ Whitelabel/ Licensing Partner · 24 April 2024ULS operates Tsutaya Bookstore Cambodia as franchise owner, opening the first Cambodian location at AEON Mall Phnom Penh on April 24. The 1,500 sqm store features 70,000+ books, stationery, collectibles, and a cafe, with plans for cultural programs.
• Xynergy RealtystrategicGTM or Marketing Partner · 1 April 2024ULS partnered with Xynergy Realty to host exclusive dinner events in Jakarta, Bandung, and Medan, Indonesia to promote Cambodian real estate investment opportunities to Indonesian investors.
• Apsara National AuthoritymajorStrategic or Co-development Partner · 1 February 2024ULS partnered with Apsara National Authority for tree-planting campaigns in Siem Reap and historical preservation of ancient roads from Phnom Bakheng to Rolous area.
• IHG Hotels & ResortsflagshipStrategic or Co-development Partner · 30 January 2024ULS partnered with IHG Hotels & Resorts for the ODOM project in Phnom Penh. Patrick Finn, VP Development for SE Asia and Korea represented IHG at the partnership announcement, indicating a significant hotel/hospitality component to the ODOM mixed-use development.

Scale indicators5 records

Recent moves6 records

Expansion highlights7 records

Broad incumbents

• Vinhomes (Vingroup): Vietnam's largest mixed-use and residential developer offering branded master-planned communities with integrated retail, education, and hospitality — analogous to ULS's mixed-use community model with embedded branded amenities.
• Hong Leng (Chip Mong Group): Cambodian conglomerate with significant mixed-use real estate, residential, and commercial property holdings, comparable to ULS's mixed-use community model in Phnom Penh and surrounding provinces.
• Royal Group Cambodia (Canadia): Cambodia's largest conglomerate with extensive real estate development across Phnom Penh including Borey and commercial projects; a broader incumbent against which ULS competes for institutional tenants and premium positioning.

Regional players

• Ciputra Development: Major Indonesian residential township and mixed-use developer targeting Southeast Asia's middle class with community-focused masterplans; comparable to ULS's community-anchored masterplanning approach.
• Land & Houses: Thailand's leading residential developer focused on masterplanned communities targeting middle-class buyers; comparable customer segment and scale thesis to ULS's Cambodian emerging-middle-class focus.

Others

• CBRE Cambodia: Global commercial real estate services firm with Phnom Penh presence that co-hosts market outlook events with ULS; comparable to ULS's commercial leasing and Grade A office positioning.
• PPSEZ (Phnom Penh SEZ): While primarily a special economic zone operator, PPSEZ is part of Cambodia's broader urban/infrastructure development ecosystem overlapping with ULS's commercial and Grade A office positioning in Phnom Penh.
• Century 21 Cambodia / IPG (real estate brokerage): International real estate brokerage active in Cambodia including Siem Reap that supports foreign-buyer transactions; comparable channel overlap with ULS's International Agents Network approach.

Direct peers

• Borey Peng Huoth: One of Cambodia's largest residential landed housing and Borey developers, directly comparable to ULS as a Cambodian community-based housing developer targeting the emerging middle class.
• Crown City (Ocifu): Phnom Penh-based condominium and serviced apartment developer with mixed-use positioning in the Cambodian capital; direct peer to ULS's ODOM and Velea offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/urbanlivingsolutions
• LinkedInlinkedin.com/company/urban-living-solutions

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Urban Living Solutions