• Top 7 Property Developers in Cambodia: The Ultimate Guide

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    Many foreign residential property buyers decide to go for off-plan properties when investing in Cambodia. There are also a number of foreign companies who actively work to improve the infrastructure and develop new properties.

    Either way, a property developer is normally involved and many people wonder which the biggest and most reputable developers in Cambodia are. It’s not strange that people perform due diligence in this emerging market, where there’s many pitfalls to come across.

    Therefore, I’ve written this article where I list some of the biggest and most well-known developers in Cambodia.

    1. Borey Peng Huoth Group

    Borey Peng Huoth Group is one of the leading and biggest property developers in Cambodia. Founded in 2005, it soon becomes the prominent property developer in the country due to its large scale residential projects.

    The Group consists of three subsidiaries, all working in real estate sector. The three companies working under the umbrella of the Borey Peng Huoth Group are
    Borey Peng Huoth Construction, Borey Peng Huoth Property Development, and Borey Peng Huoth Shopping Mall.

    They’ve sold around 10,000 houses by 2017. The CEO of the group is Mr. Oknha Thay Mengly.

    Borey Peng Huoth Group is an award winning developer, that won the Best Developer Award by the Asia Property Awards in both 2017 and 2018. Many of their residential projects were also listed under the highly commended housing development.

    They also won the award for the Best Affordable Condo Development for their Star Polaris 23 project.

    Property types

    Most of the projects by Borey Peng Huoth property Development are residential projects, mostly large scale town-houses projects, with a limited number of condominiums as well. This is also reflected in their name, as the word borey refers to a collective residential gated community.

    One of their most popular housing brand names is “The Star”.

    They also build and manage shopping malls, under their Borey Huoth Shopping Mall subsidiary.

    Current projects

    • The Star Premier
    • The Star Jumeirah
    • The Star Emerald II
    • Euro Park
    • The Star Diamond

    In total, they’re currently working on 18 projects, that include residential and commercial projects, including a food street (Polaris Food Street) at Boeng Snor.

    Future projects

    PH Diamond Place

    They’ve also recently announced to develop USD 200 million shopping mall near Preah Monivong Bridge in the near future, the PH EcoMall.

    Office address

    Building 266, Street 598,
    Sangkat Phnom Penh Thmey,
    Khan Sen Sok, Phnom Penh, Cambodia.

    2. Creed Asia (Cambodia) Co., Ltd.

    Creed Asia (Cambodia) Co., Ltd. is a subsidiary of the Japanese real estate investment group, the Creed Group. It was founded in 1996 in Japan by Toshiko Muneyoshi, but it soon expanded to nine Asian countries including Cambodia.

    Creed Group currently operates in Japan, Cambodia, Lao PDR, Singapore, Myanmar, Vietnam, Bangladesh, Malaysia, and Indonesia. They have a team of around 150 people working in all these 9 countries, while their gross development value (GDV) exceeds USD 800 million.

    Creed Asia established its presence in Cambodia in 2011. The goal of the subsidiary is “to offer Japan quality to emerging markets”. They’re currently working on three residential projects in Cambodia.

    They offer a wide range of services other than property development that include property management, real estate investment, and asset management.

    In 2018 Property Cambodia Property Awards, Creed Asia won three awards that include Special Recognition in CSR, Special Recognition in Sustainable Development, and Best Housing Architectural Design for their ARATA Garden Residences project.

    Property types

    Creed Asia focus on residential projects, that are both mixes of large-scale townhouses, gated communities, and condominiums.

    Current projects

    • Borey Maha Sen Sok
    • ARATA Garden Residences
    • Bodaiju Residences

    Office address

    Banla Saet Village, Sangkat Khmounh, Khan Sen Sok, Phnom Penh.

    3. Triple Gem Assets Co., Ltd

    Triple Gem Assets Co., Ltd was founded in 2012 as a privately owned real estate development company. Mr. Oknha Kuoch Sengheng is the president of the company, while Mr. Oknha Seng Serey, Ms. Seng Vantha, and Ms. Seng Reasey also co-owns the company.

    They won Special Recognition in CSR Award and Special Recognition in Sustainable Development Award in 2018 PropertyGuru Cambodia Property Awards in partnership with Creed Group.

    Property types

    Triple Gem Assets Co., Ltd has mostly developed infrastructural and educational projects, that include Bridges, a rehabilitation of the railway project, and Royal University of Phnom Penh,

    They have also developed one residential apartment project.

    Current projects

    Satia Apartments

    Office address

    No. 138, sT 51, BKK1, Chamkarmorn, Phnom Penh, Kingdom of Cambodia

    4. Shukaku Inc.

    Shukaku Inc is Phnom Penh-based real estate developer in Cambodia that was founded in 2001. They’re best known for developing the Phnom Penh City Center (PPCC) which covers 111.6 hectares of land.

    PPCC is the Cambodia’s first planned city project. It is a mega project that consists of financial and retail districts, along with residential, entertainment, medical, parks, education, and commercial real estate.

    The founder and current president of the company is Mr. Lao Meng Khin, who is also serving as a senator. He’s also chairman of the Cambodian Chamber of Commerce, and a member of the ruling party, the Cambodian People’s Party.

    In 2018, their retail project Eden Garden won Best Retail Development Award by the PropertyGuru Cambodia Awards.

    Property types

    They develop the entire planned city, and everything in it which include infrastructure projects, residential, commercial, educational, medical, and entertainment projects.

    Current projects

    Their current projects include residential and commercial projects within PPCC, like Residence 90, The Edge,

    Future projects

    They’re currently planning to build a Sports Complex in PPCC.

    Office address

    Boeung Kak
    Sangkat Sras Chork
    Khan Doun Penh Phnom Penh, Cambodia

    5. Habitat

    Established in 2003, Habitat for Humanity is a real estate developer and an organization that strives to provide affordable housing and shelter to vulnerable in society.

    Mr. Bernadette Bolo-Duthy is the National Director, while they currently have around 30 other staff members.

    Property types

    They mostly develop or renovate houses for vulnerable and build residential communities for poor people.

    Future projects

    They plan to provide homes to 6,000 poor families in the next 5 years.

    Office address

    #170, street 450, Toul Tompoung II, Chamcar Morn, Phnom Penh, Cambodia

    6. Urbanland Asia

    Urbanland Asia was founded in 2013 with an intention to build high-end boutique condominium projects in Cambodia. The company is based in Phnom Penh.

    Urbanland Asia was established by a renown architect, Mr. Hok Keng. They’ve completed or currently working on 4 projects, out of which two are residential projects, one is an office project, and another one currently planned is a boutique hotel.

    They’ve won several awards in the last few years, including Best Residential Architectural Design Awards and Best Condo Development Award at the 2016 Cambodia PropertyGuru Awards

    Property types

    They develop high-end boutique condominium projects, offices, and hotels.

    Current projects

    • Embassy Central
    • Embassy Residences
    • Raintree

    Future projects

    Treeline, a boutique hotel that is expected to open in September 2018.

    Office address

    1F – 01, Raintree, #299 Preah Ang Duong, Daun Penh, Phnom Penh, Cambodia

    7. Star5 Developers

    Star5 Developers was established in 2015, but within a couple of years, they’ve completed several residential and infrastructural projects in Cambodia. The chairman of the company is Mr. Kiran Reddy.

    They have around 30 employees.

    Property types

    They develop mostly residential projects, both condominiums and housing projects, including villas.

    Current projects

    • Skyland Condos
    • Starland 1 and Starland 2
    • Sky Villas
    • Sky Space
    • Sky Mekong

    Office address

    #124, Somdach Sothearos Blvd, Sangkat Tonle Bassac, Phnom Penh, Cambodia

    I hope that you found this article and also recommend you to read my separate guide that explains how you can buy property in Cambodia as a foreigner.

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