NovBooyoung Khmer II
Public records point to Booyoung Khmer II as a Cambodian arm of South Korea's Booyoung Group rather than an unrelated local brand. Booyoung Group lists the company among its Cambodian operations, while a Cambodian government release in May 2024 identified group founder Lee Joong Keun as chairman of Booyoung Khmer II. That gives buyers a verifiable corporate link, but the exact seller and payment recipient for any unit should still be confirmed in the contract rather than inferred from the group name.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
Public records point to Booyoung Khmer II as a Cambodian arm of South Korea's Booyoung Group rather than an unrelated local brand. Booyoung Group lists the company among its Cambodian operations, while a Cambodian government release in May 2024 identified group founder Lee Joong Keun as chairman of Booyoung Khmer II. That gives buyers a verifiable corporate link, but the exact seller and payment recipient for any unit should still be confirmed in the contract rather than inferred from the group name.
Track record
The clearest residential track record is Booyoung Town in Phnom Penh's Sen Sok area. The project's official site lists four first-phase residential buildings with 1,474 units, and the Phnom Penh Post described the completed mixed residential-commercial complex in December 2024 as containing 1,474 residences and 223 commercial units. Knight Frank Cambodia separately attributes the 716-unit, roughly 11-hectare Borey Booyoung Khmer development to Booyoung Khmer II. Public materials do not always make the boundary between a phase, a sub-development and a separate project explicit, so buyers should match any claimed delivery record to the address, phase and contracting entity.
Segments and prices
The verified product mix is large-scale residential development: condominium buildings with retail and community infrastructure, plus a landed or borey-style component identified by Knight Frank as Borey Booyoung Khmer. Booyoung Town's official site does not publish a single public price list. As market reference points rather than developer quotes, CAM Realty advertised 65.64 sq m one-bedroom units at about US$119,000-US$151,000 in 2026; Pointer showed an approximately 85 sq m two-bedroom unit at US$154,000 in March 2026 and an approximately 117 sq m three-bedroom unit at US$212,000 in a December 2025 listing. Asking prices can differ by building, floor, view, fit-out and whether the unit is a direct developer sale or resale.
Geography
The residential activity that can be verified confidently from public sources is concentrated in Phnom Penh. Booyoung Town is on Russian Federation Boulevard in Sen Sok, and Knight Frank also places Borey Booyoung Khmer in Sen Sok. This supports a meaningful footprint in that part of the capital, but it should not be stretched into a claim that Booyoung Khmer II has a broad active residential portfolio across Cambodia without project-level evidence.
Reliability and public record
Booyoung Khmer II has a more visible public footprint than many small local developers. Its link to Booyoung Group is supported by the group's own website and a Cambodian government release; the company also appears in a 2019 published construction-company register from the Ministry of Land Management, Urban Planning and Construction, while Booyoung Town has an active official website and independent reporting following completion of its first phase in 2024. These are useful signs of an operating history, not a transaction-level guarantee. The 2019 register is historical, and current licensing, the selected unit's title, foreign-ownership availability and the seller's contractual obligations still need fresh verification.
What to verify
For Booyoung Khmer II, due diligence should begin with the documents for the specific property rather than the group name. Confirm which legal entity is named as seller and developer in the sale-purchase agreement, which entity owns the bank account receiving funds, and how those parties relate to Booyoung Khmer II. For a condominium unit, verify the building's co-ownership registration, the unit-level title, the floor and the remaining foreign-ownership capacity: Cambodian rules allow qualifying foreigners to own private units above the ground level subject to a cap of no more than 70% of the building's total private-unit floor area. If the property is a landed house in a borey, condominium rules do not solve the land-ownership issue, so the lawful tenure or lease structure must be checked separately. Buyers should also confirm whether the unit belongs to the completed 2024 phase or a later stage, how handover and defects are documented, what management and facility charges apply, and whether buyer funds are protected by any separate escrow or controlled-payment mechanism. The public sources reviewed do not establish one standard protection structure for all Booyoung Khmer II sales.
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: WorldKorean.netFrequently asked questions
Is Booyoung Khmer II actually linked to South Korea's Booyoung Group?
Yes. Booyoung Group lists Booyoung Khmer II among its Cambodian operations, and a Cambodian government release in May 2024 identified group founder Lee Joong Keun as chairman of Booyoung Khmer II. Buyers should still verify the exact contracting entity for the property they are purchasing.
Does the company have a verifiable completed residential development?
The clearest example is the first phase of Booyoung Town in Phnom Penh. The official project site lists 1,474 apartments across four buildings, and independent reporting in late 2024 described the mixed residential-commercial complex as completed and operational. A buyer should still match the selected building and phase because the wider development has been planned in stages.
Can a foreign buyer own a Booyoung Town condominium unit directly?
Cambodian law generally allows a qualifying foreigner to own a private condominium unit in a properly registered co-owned building if it is above the ground level and the building remains within the foreign-ownership cap. That eligibility must be checked for the specific building and unit; the fact that a development is marketed internationally does not by itself prove that the selected unit has a registrable title or available foreign quota.
What prices are currently being advertised at Booyoung Town?
Public listings from 2025-2026 showed reference points from about US$119,000 for a 65.64 sq m one-bedroom unit up to US$212,000 for an approximately 117 sq m three-bedroom unit; one roughly 85 sq m two-bedroom listing was priced at US$154,000. These are agent asking prices rather than an official Booyoung Khmer II price list, so they should be checked against the exact unit and current sales terms.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- Booyoung Town · Booyoung Town official website — first-phase buildings and unit count · 27.08.2026
- Booyoung Group · Booyoung Group — global subsidiaries and Cambodian operations · 27.08.2026
- Press and Quick Reaction Unit, Office of the Council of Ministers, Cambodia · Cambodian government release on the meeting with the chairman of Booyoung Khmer II · 27.08.2026
- Phnom Penh Post · Booyoung Khmer Bank head-office relocation to Booyoung Town — completed-complex details · 27.08.2026
- Knight Frank Cambodia · Borey Booyoung Khmer — developer, land area and unit count · 27.08.2026
- Ministry of Land Management, Urban Planning and Construction of Cambodia, copy hosted by Open Development Mekong · 2019 construction-company register of the Ministry of Land Management, Urban Planning and Construction · 27.08.2026
- Council for the Development of Cambodia · Law on Providing Foreigners with Ownership Rights in Private Units of Co-Owned Buildings · 27.08.2026
- BNG Legal · Foreign ownership of immovable property — explanation of the 70% cap under Sub-Decree No. 82 · 27.08.2026
- CAM Realty Cambodia · Booyoung Town — one-bedroom sale listing and 2026 asking-price reference · 27.08.2026
- Pointer Property Marketplace · Booyoung Town — two-bedroom sale listing updated in March 2026 · 27.08.2026
- Pointer Property Marketplace · Booyoung Town — three-bedroom sale listing from December 2025 · 27.08.2026