NovAir Apartments
Public sources present Air Apartments as a small Sihanoukville-focused residential development team rather than a widely documented corporate developer. The project's 2019 brochure describes Air Apartments as the team's third building after Nest Apartments and Nest Apartments 2, but the developer's full registered legal entity and the brand-to-company relationship are not clearly established in the public material reviewed. For a buyer, the practical distinction is important: the completed buildings can be inspected, while the contractual developer or seller and the payment recipient still need to be identified from transaction documents.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
Public sources present Air Apartments as a small Sihanoukville-focused residential development team rather than a widely documented corporate developer. The project's 2019 brochure describes Air Apartments as the team's third building after Nest Apartments and Nest Apartments 2, but the developer's full registered legal entity and the brand-to-company relationship are not clearly established in the public material reviewed. For a buyer, the practical distinction is important: the completed buildings can be inspected, while the contractual developer or seller and the payment recipient still need to be identified from transaction documents.
Track record
The team's own brochure says Nest Apartments was completed in 2016 with 20 apartments and that the nine-storey Nest Apartments 2 followed in 2018. A completed Nest Apartments project is independently visible on realestate.com.kh, but the public material reviewed does not establish through registry evidence that the two earlier buildings and Air Apartments were developed by the same legal entity. Air Apartments itself is now a completed, inspectable asset: current property platforms show an operating 22-storey building of roughly 120 units, although sources differ on completion timing, with December 2020 and 2021 both reported, and on the unit count, with 120 and 122 both appearing. Those inconsistencies are best resolved from the building and title records rather than marketing pages.
Segments and prices
The public record points to relatively small coastal condominium projects rather than large multi-phase master developments. The Air Apartments brochure included studios, one- and two-bedroom layouts and duplexes, while current listings show both individual-unit and bulk-resale inventory. Public asks on realestate.com.kh include about USD 61,200 for 36 sq m and USD 106,200 for 59 sq m; in August 2026 IPS marketed seven units totaling 354 sq m for USD 506,000, or about USD 1,430 per sq m. These are asking prices for specific listings, not a verified current developer price list.
Geography
The verifiable footprint is concentrated in Sihanoukville. Air Apartments is on Victory Hill in Sangkat Bei, about 900 metres from Victory Beach, while the team's earlier Nest Apartments is described in its own material as being near Koh Puos/Hawaii Beach. The sources reviewed did not establish a development footprint for this brand in Phnom Penh, Siem Reap or other Cambodian cities.
Reliability and public record
The strongest due-diligence point is that Air Apartments is no longer a paper development: the building is completed, resale inventory is publicly marketed in 2026, and a buyer can inspect both the property and a specific unit. Corporate transparency is thinner. Public sources describe the buildings in some detail but provide much less clarity on the developer's legal structure, while older occupancy and yield claims largely originate from seller-side promotional material and should not be treated as independent verification. The sensible reliability test is therefore transaction-specific: legal counterparty, unit title, building documents and the actual performance of the management operation.
What to verify
Before signing, obtain the seller's full legal name and registration details and, if the developer is a different entity, document the relationship between the two and why the stated company is receiving the funds. For the unit, review the individual title, the building's co-ownership registration and the consistency of unit number, floor and area across the title and sale agreement. A foreign buyer should separately confirm that the unit is above the ground and underground floors and that the transaction remains within Cambodia's 70% foreign-ownership cap measured against the total private-unit surface area of the building. Because this is an operating property, also review management rules, service charges and arrears, the condition of common areas, actual leases if rental income is part of the purchase case, and documentary evidence linking the claimed earlier projects to the same legal entity or project owners.
Projects in the NovAsia catalogue
This list is assembled from the project registry by the developer identifier; it is not a claim of a complete corporate portfolio.
Frequently asked questions
Is Air Apartments the confirmed legal name of the developer?
Not to a transaction-grade standard from the public material reviewed. Air Apartments is clearly used as a project and developer brand, but the sources do not establish a specific registered company with enough certainty to rely on the brand name alone. The sale agreement should be checked against the counterparty's full legal name, registration details and authority to sell the specific unit.
Can a foreign buyer own a unit in Air Apartments?
Cambodian law allows qualified foreigners to own private units in registered co-owned buildings above the ground floor, subject to a 70% cap based on the total private-unit surface area. Air Apartments listings market units as available to foreign buyers, but a specific transaction still requires review of the unit title and confirmation that foreign quota remains available in the building.
Is Air Apartments completed?
Yes. Current property platforms show a completed building with resale activity. The reported completion date is inconsistent, however: one source gives December 2020 and another gives 2021. The building can be inspected physically, but the exact handover and registration dates should come from the official building file.
Are the team's two earlier projects independently confirmed?
The project's own brochure names Nest Apartments and Nest Apartments 2 as the two preceding developments, and Nest Apartments independently appears as a completed project on realestate.com.kh. What the reviewed public record does not establish is a registry-level link showing that both earlier projects and Air Apartments were developed by the same legal entity. Until that link is documented, the history is better treated as the team's stated track record rather than a fully verified corporate record.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- Air Apartments / JGB Investment & Properties (TakProperty) · Air Apartments brochure — project specifications and the team's stated development history · 27.08.2026
- realestate.com.kh · Air Apartments — current unit listing with completion, area and asking-price data · 27.08.2026
- IPS Cambodia · Seven condominiums in Air Apartments — bulk resale listing · 27.08.2026
- FazWaz Cambodia · Air Apartments — completed project profile showing 22 floors and 120 units · 27.08.2026
- realestate.com.kh · Nest Apartments — independent project profile in Sihanoukville · 27.08.2026
- Council for the Development of Cambodia · Cambodian Law on Providing Foreigners with Ownership Rights in Private Units of Co-Owned Buildings · 27.08.2026
- BNG Legal · Foreign ownership of immovable property in Cambodia — explanation of the 70% cap under Sub-Decree No. 82 · 27.08.2026