NovAngkor Hearta Development Co., Ltd
Angkor Hearta Development Co., Ltd has a relatively narrow public footprint centered on the Angkor Grace resort-residence in Siem Reap. Realestate.com.kh identifies the company as the project developer, while the completed property now operates as TUI BLUE Angkor Grace. That gives buyers a tangible operating asset to inspect, but public corporate disclosure on the legal entity itself — including ownership structure, capital and a full audited development history — remains limited.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
Angkor Hearta Development Co., Ltd has a relatively narrow public footprint centered on the Angkor Grace resort-residence in Siem Reap. Realestate.com.kh identifies the company as the project developer, while the completed property now operates as TUI BLUE Angkor Grace. That gives buyers a tangible operating asset to inspect, but public corporate disclosure on the legal entity itself — including ownership structure, capital and a full audited development history — remains limited.
Track record
The clearest verified delivery record is Angkor Grace in Svay Dangkum, Siem Reap. The property's own website presents it as a residence-and-wellness concept, and TUI Group separately announced the opening of TUI BLUE Angkor Grace on 21 August 2025. This confirms that the asset reached operating hospitality use; however, the accessible sources do not provide a sufficiently documented broader completed portfolio under the exact Angkor Hearta Development Co., Ltd legal entity.
Segments and prices
The verified segment is large resort-style residences combined with hospitality management and wellness facilities. The official residence-ownership page lists one- to five-bedroom layouts of roughly 94.2–252.8 sq m, with displayed starting prices by type ranging from about $198,000 to $396,000 at the time of review. These are asking prices for a specific scheme, not an independent valuation or a benchmark for every future Angkor Hearta project.
Geography
The company's verified geographic footprint is concentrated in Siem Reap. Angkor Grace is located in Svay Dangkum, within easy reach of central Siem Reap and the Angkor temple area. The sources reviewed do not support attributing a substantial completed portfolio in other Cambodian cities to Angkor Hearta Development Co., Ltd with the same level of confidence.
Reliability and public record
The strongest verifiable point is a completed asset that is genuinely operating under an international hotel brand: TUI independently confirms TUI BLUE Angkor Grace in its portfolio. That operating brand does not, however, guarantee the developer's obligations to a buyer, validate any promised return, or replace legal review of the contract, title and selling entity. Public sources also provide too little financial disclosure to make a defensible judgment on Angkor Hearta Development Co., Ltd's balance-sheet strength.
What to verify
Before buying, verify the exact legal entity named as seller and developer in the sale and purchase agreement and whether it is in fact Angkor Hearta Development Co., Ltd. A foreign buyer should separately confirm that the building is properly registered for co-ownership, that the selected unit can receive an individual strata title, that it is on an eligible floor, and that foreign quota remains available at transfer. If the purchase includes a leaseback or rental-return programme, review the actual contract: who owes the payments, for how long, when payments can be suspended, who bears operating and maintenance costs, and what happens if the hotel operator or brand changes. TUI BLUE's presence at the operating resort should be treated separately from the contractual obligations of the property seller.
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.
Photo: IPS Cambodia, Angkor Grace Residence & Wellness Resort project profileAngkor Grace Residence & Wellness Resort
Frequently asked questions
Does Angkor Hearta Development have a completed asset buyers can inspect?
Yes. Angkor Grace in Siem Reap operates as TUI BLUE Angkor Grace, and TUI Group publicly announced the hotel's opening in August 2025. Buyers can therefore inspect a finished operating product, although that does not replace transaction-specific legal due diligence.
Can a foreign buyer hold a residence in their own name?
Cambodian law allows a foreigner to own a private unit in a registered co-owned building subject to floor and foreign-ownership limits. The law excludes the ground and underground floors from direct foreign ownership, and the applicable foreign quota must be confirmed for the specific building and unit at the time of title transfer. A unit being marketed for sale therefore does not by itself prove that it can be registered directly to a foreign buyer.
Should the leaseback programme be treated as guaranteed investment income?
Not without reviewing the contract. The property's official website markets a ten-year leaseback programme, and the Realestate.com.kh project profile also displays a stated rental return. What matters to a buyer is not the headline percentage but the signed agreement: who owes the payments, what supports them, what exclusions apply, and how the owner can exit the programme.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- TUI BLUE Angkor Grace · TUI BLUE Angkor Grace — official residence ownership page · 27.08.2026
- TUI Group · TUI announces the opening of TUI BLUE Angkor Grace in Cambodia · 27.08.2026
- Realestate.com.kh · Angkor Grace Residence & Wellness Resort — project profile · 27.08.2026
- Council for the Development of Cambodia / MLMUPC translation · Law on Providing Foreigners with Ownership Rights in Private Units of Co-Owned Buildings · 27.08.2026
- Realestate.com.kh · Strata title buying guide for foreigners in Cambodia · 27.08.2026