NovArakawa Co., Ltd
Arakawa Co., Ltd. has operated in Cambodia since 2008; both the company website and AmCham Cambodia attribute its establishment to Japanese investor and property developer Yasumoto Kemmori. What matters more to a buyer is the visible local operating history: Arakawa moved from Bellevue Serviced Apartments into the large Arakawa Residence condominium scheme and continues to develop and manage real estate in Phnom Penh. A 2025 official gazette from Cambodia's Ministry of Commerce also lists Arakawa Co., Ltd. as a Cambodian applicant, evidence of an ongoing public corporate footprint, although it does not replace a legal-entity check for the specific sales contract.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
Arakawa Co., Ltd. has operated in Cambodia since 2008; both the company website and AmCham Cambodia attribute its establishment to Japanese investor and property developer Yasumoto Kemmori. What matters more to a buyer is the visible local operating history: Arakawa moved from Bellevue Serviced Apartments into the large Arakawa Residence condominium scheme and continues to develop and manage real estate in Phnom Penh. A 2025 official gazette from Cambodia's Ministry of Commerce also lists Arakawa Co., Ltd. as a Cambodian applicant, evidence of an ongoing public corporate footprint, although it does not replace a legal-entity check for the specific sales contract.
Track record
According to the developer, construction of Bellevue Serviced Apartments began in 2009 and the property entered operation in 2012. Arakawa Residence became the next major residential scheme: work started in 2017, and the company's current project page says completion was reached in early 2023. Independent Phnom Penh Post reporting documented progress before completion, describing the development in 2020–2021 as an approximately US$70 million, 16-building project with 21-storey blocks across two phases. That provides a verifiable execution history, but the public record for the newer Arakawa Residence 2 remains much thinner on delivery dates and detailed specifications.
Segments and prices
Arakawa's core residential segment is affordable urban condominiums, alongside serviced apartments, retail space and property management. For Arakawa Residence, the Phnom Penh Post reported a US$30,500–71,330 range in October 2021 for 23 sq m and 46 sq m units; that is a historical reference, not a current price list. The present public page for Arakawa Residence 2 does not publish detailed pricing, so the buyer should obtain the unit-specific price, payment schedule, fit-out specification and recurring charges directly for the property being considered.
Geography
Arakawa's verified development activity is concentrated in Phnom Penh. Bellevue Serviced Apartments and the company head office are in Chroy Changvar, while Arakawa Residence is in Tuek Thla, Sen Sok. At the time of review, the public Arakawa Residence 2 page did not provide a sufficiently precise project address, so its location should be confirmed from contractual and project documents rather than marketing copy alone. No comparable public development track record for Arakawa in other Cambodian cities was identified.
Reliability and public record
Arakawa has two useful verification anchors: Bellevue has operated since 2012, and Arakawa Residence is presented as completed, with independent press coverage documenting its construction and sales progress. The company also maintains an active public presence and lists Arakawa Residence 2 as its newer residential development. That is a stronger evidence base than a one-project developer with no visible history, but it is not a guarantee of timing, build quality or buyer protections on the next scheme. For an early-stage purchase, the current contracting entity, approvals, payment protections and contractual handover obligations still need specific to the project review.
What to verify
For a completed unit at Arakawa Residence, verify the title for the exact unit, the seller's right to transfer it, the unit's eligibility under the foreign-ownership quota and the actual management charges; an operating building also allows a buyer to inspect common areas and assess day-to-day management. Arakawa Residence 2 requires a different review: identify the exact legal entity acting as seller and developer, confirm its rights over the land and project, check the approvals already in place, read the contractual handover date and establish where buyer payments are held. The contract should also be checked for delay or termination refunds and for the complete list of one-off and recurring charges.
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: official Arakawa Co., Ltd / Arakawa Residence galleryFrequently asked questions
Is Arakawa a new developer in Cambodia?
No. The company states that it was established in 2008; Bellevue Serviced Apartments has operated since 2012, and construction of Arakawa Residence began in 2017. Even so, a new project should still be assessed on its own documents because past completion does not guarantee the terms of the next transaction.
Is Arakawa Residence completed?
Arakawa's current project page states that the development was completed in early 2023. Phnom Penh Post independently documented active construction and partial handovers in 2020–2021, although those articles did not verify the final completion date. A buyer should still confirm the title, physical condition and transferability of the specific unit.
What price segment does Arakawa target?
Arakawa positions its residential projects in the affordable urban housing segment. The independently verifiable public prices found for Arakawa Residence date from 2021, so they should not be treated as a current purchase price without a fresh unit-specific offer.
What should a foreign buyer verify first?
The key is to verify the actual transaction rather than rely on the brand name: the legal seller, the unit title, foreign-ownership eligibility and remaining quota for the building, the contract terms and the payment route. For an off-plan purchase, add project approvals, the contractual handover date and the refund mechanism for a material delay.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- Arakawa Co., Ltd. · Arakawa Cambodia — About Us and milestones · 27.08.2026
- Arakawa Co., Ltd. · Arakawa Residence — official project page, construction period and scale · 27.08.2026
- Phnom Penh Post · Arakawa affordable housing: construction progress, phases, unit sizes and 2021 prices · 27.08.2026
- Ministry of Commerce, Kingdom of Cambodia — Department of Intellectual Property · Department of Intellectual Property Official Gazette, Weeks 2–4 of 2025 — Arakawa Co., Ltd. entry · 27.08.2026
- AmCham Cambodia · Arakawa Co., Ltd. / Bellevue Serviced Apartments member profile · 27.08.2026