NovBorey Laorthmey Penhchet
Borey Laorthmey Penhchet has a clearly traceable low-rise housing development in Bak Khaeng on Phnom Penh’s northeastern side. Compass and Harbor identify Samnang Laor Thmey Penh Chet Co., Ltd. as the developer behind the project, while a 2023 PAPA Cambodia business profile says the business began in 2005. That start date is useful context, but it is not independently confirmed by an open corporate-registry document in the sources reviewed, so buyers should treat it as an attributed company-history claim rather than a fully verified incorporation fact.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
Borey Laorthmey Penhchet has a clearly traceable low-rise housing development in Bak Khaeng on Phnom Penh’s northeastern side. Compass and Harbor identify Samnang Laor Thmey Penh Chet Co., Ltd. as the developer behind the project, while a 2023 PAPA Cambodia business profile says the business began in 2005. That start date is useful context, but it is not independently confirmed by an open corporate-registry document in the sources reviewed, so buyers should treat it as an attributed company-history claim rather than a fully verified incorporation fact.
Track record
The strongest public track record is the Borey Laorthmey Penhchet development itself in Chroy Changvar. Compass lists an October 2020 launch and a December 2022 delivery date, while FazWaz currently labels the project ready to move in; together, those sources show a development that moved beyond the launch stage, although the condition and handover status of any specific house still need to be checked. The project also received the 2023 Cambodia Real Estate Awards title for Best Borey (Landed Property) in Eastern Phnom Penh. A broader independently documented portfolio of completed developments under the same company name is not readily visible in the public sources reviewed.
Segments and prices
Public listings describe the scheme as a mix of shophouses, twin villas and linked-villa formats. One property portal shows four- and five-bedroom homes of roughly 84–132 sq m with a project-level price reference from US$69,500. That figure is an aggregator snapshot rather than a verified current developer price list. A buyer should request a fresh schedule that ties price to the exact house type, land plot, specification, payment plan and transfer package.
Geography
The development is in Kdei Chas village, Sangkat Bak Khaeng, Khan Chroy Changvar, Phnom Penh, along the National Road 6A corridor. PAPA Cambodia, Fresh News and multiple property portals point to the same location. For an actual purchase, the practical questions are more local: access to the chosen row or plot, the condition of internal roads and utilities, drainage, and normal-day travel times to the services the household will actually use.
Reliability and public record
The project itself has a stronger public footprint than the company’s corporate profile. Several independent property sources align on the project name, location and developer entity, and the development received industry recognition in 2023. What remains thin in the open record is the company’s ownership structure, financial disclosure, phase-by-phase completion history and specific to the project licensing trail. For a buyer, the award and stated operating history are background signals only; they do not replace verification of the exact property, contracting entity and payment recipient.
What to verify
For this development, start by matching the seller and developer named in the sale contract to the entity whose rights over the specific land parcel can be evidenced, rather than relying on the project brand alone. Because these are landed homes, ask for the title covering the exact plot and house, confirm the transfer process, review the relevant construction approvals, and inspect the property’s actual completion status. A foreign buyer cannot directly own Cambodian land, so a portal’s “hard title” label does not by itself create direct freehold ownership for a foreign purchaser of a villa or house; any lawful lease or company-based structure needs transaction-specific legal review, without nominee arrangements. The payment recipient, outstanding balance, utility connections, defect obligations and any recurring community charges should also be checked before signing.
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.
Photos: project materialsFrequently asked questions
Can Borey Laorthmey Penhchet be treated as a developer with a 20-year history?
A 2023 PAPA Cambodia profile says the business started in 2005 and names Iv Meng and Chea Ny as founders. That is a specific public statement about the company’s history, but the reviewed open-source set does not include a registry document independently confirming the start date. For due diligence, delivered projects and transaction documents are stronger evidence; 2005 is best treated as an attributed company-history date.
Is the development completed?
Compass lists December 2022 as the delivery date, and FazWaz currently marks the scheme ready to move in. That is useful evidence that the development progressed beyond early sales, but a portal status is not a substitute for inspecting the exact house. Check handover records, finishes, utilities, outstanding defects and the ability to register the intended transfer for the selected property.
Can a foreign buyer own a villa or house here directly?
Foreign nationals cannot directly own land in Cambodia. Cambodian law allows qualifying foreign ownership of private units in co-owned buildings under specific conditions, but Borey Laorthmey Penhchet is a landed housing development. A foreign purchaser therefore needs a transaction-specific review of the lawful ownership or lease structure; a marketing reference to a hard title does not override the land-ownership restriction.
How much weight should the 2023 Cambodia Real Estate Awards recognition carry?
The award shows that the development had industry visibility and was recognised as Best Borey (Landed Property) in Eastern Phnom Penh. It is not a legal or financial guarantee. For a purchase, the title to the selected property, seller authority, approvals, payment terms and the condition of the house are more important.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- PAPA Cambodia · Borey LaorThmey Penhchet — business history, founders, location and housing types · 27.08.2026
- Compass Cambodia · Borey Laorthmey Penhchet — project listing: developer, timing, home types, title and price · 27.08.2026
- Harbor Property · Borey Laor Thmey Penhchet — project page and named developer entity · 27.08.2026
- Cambodia Investment Review · Cambodia Real Estate Awards 2023 results — Eastern Phnom Penh project recognition · 27.08.2026
- Fresh News · 2023 real estate awards results — corroboration of the project’s Eastern Phnom Penh award · 27.08.2026
- FazWaz Cambodia · Borey Laor Tmey Penh Chet — current readiness status and project overview · 27.08.2026
- Council for the Development of Cambodia · Land in Cambodia — foreign ownership restriction and land-use rights · 27.08.2026
- Fresh News · Borey Laorthmey Penhchet — 2022 report on location, housing types and sales terms · 27.08.2026