NovBorey Sangkhoem Thmey Co., Ltd
Borey Sangkhoem Thmey Co., Ltd is publicly associated with New Hope City, a residential development in western Phnom Penh. Its visible track record is concentrated in this single project, but the institutional linkage is clearer than for many small local developers: OCIC lists New Hope City within its property-development portfolio, while Canadia Bank includes it among OCIC housing projects. That is useful context for a buyer, but the legal seller and contracting entity still need to be verified for the specific transaction.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
Borey Sangkhoem Thmey Co., Ltd is publicly associated with New Hope City, a residential development in western Phnom Penh. Its visible track record is concentrated in this single project, but the institutional linkage is clearer than for many small local developers: OCIC lists New Hope City within its property-development portfolio, while Canadia Bank includes it among OCIC housing projects. That is useful context for a buyer, but the legal seller and contracting entity still need to be verified for the specific transaction.
Track record
The publicly verifiable record is centered on New Hope City. OCIC states that construction began in 2017 on roughly 40 hectares and that the scheme includes shophouses, flat houses and row houses. Compass lists a June 2017 launch and December 2020 delivery, which is useful marketplace data but should not substitute for documentary checks on a specific home. A broader independently verified portfolio under Borey Sangkhoem Thmey Co., Ltd was not found in the reviewed public sources.
Segments and prices
The development is a low-rise housing scheme built around houses, row houses and shophouse-style units. Compass displayed an indicative price from about US$49,000 per unit and described the project as using hard-title property rights, but this is a marketplace snapshot rather than a verified current developer price list. Current pricing, land size, house condition, payment terms and title status should be checked for the specific property.
Geography
New Hope City is in Kamboul on the western side of Phnom Penh, close to the Phnom Penh Special Economic Zone. The location is oriented toward low-rise residential use outside the capital's central districts. For a buyer, the practical assessment should therefore include not only the house itself but also access, surrounding infrastructure and demand on the specific street within the estate.
Reliability and public record
The clearest positive signal is the project's traceable institutional connection. OCIC presents New Hope City within its development portfolio, and Canadia Bank offers mortgage financing for OCIC housing projects while explicitly naming New Hope City. This gives the project stronger public attribution than many small standalone borey developers, but it does not by itself prove that a particular home is free of encumbrances, properly titled or being sold by the correct legal owner. Publicly accessible company-registration and licensing detail for Borey Sangkhoem Thmey Co., Ltd was not sufficient in the reviewed sources for a broader corporate assessment.
What to verify
For a purchase in this development, first match the legal entity named in the sale contract with the registered title holder and the account receiving the funds. Because these are landed homes, a foreign buyer must also establish a lawful ownership structure before paying: Cambodian law does not allow foreigners to own land directly, so a marketing reference to 'ownership' is not enough. For the specific house, obtain the current title, encumbrance and mortgage checks, plot boundaries, building status, outstanding estate charges and documented handover terms. If the property was bank-financed or previously mortgaged, evidence that the relevant security has been released should be reviewed before final settlement.
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: OCIC / New Hope City materialsBorey New Hope / New Hope City
Frequently asked questions
Is Borey Sangkhoem Thmey connected to OCIC?
Public sources provide strong evidence of a connection. OCIC includes New Hope City in its property-development portfolio, and Canadia Bank lists New Hope City among OCIC housing projects. The exact seller entity and its authority over the specific property still need to be confirmed in the transaction documents.
Is New Hope City already built?
OCIC states that construction began in 2017, while Compass lists December 2020 as the delivery date. Active addresses and service activity inside the estate also indicate an established occupied development, but the condition and legal status of any particular house should still be checked individually.
Can a foreigner buy a house in New Hope City in their own name?
A house in this type of borey is tied to land, and foreigners cannot own Cambodian land directly. Before paying, a foreign buyer therefore needs a lawful transaction structure and a separate review of the land title; the ownership route available to a Cambodian citizen does not automatically apply to a foreign purchaser.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- OCIC Group · OCIC Group — Property Development; New Hope City: approximately 40 hectares, construction start in 2017 and housing types · 27.08.2026
- Canadia Bank Plc. · Home Loan for OCIC Housing Projects — New Hope City listed among the group's housing projects · 27.08.2026
- realestate.com.kh · Borey Sangkhoem Thmey Co., Ltd profile — project location and reference to Canadia Bank financing · 27.08.2026
- Compass Real Estate · Borey New Hope City — property types, launch date, stated delivery, indicative pricing and title information · 27.08.2026
- Council for the Development of Cambodia · Land in Cambodia — restrictions on direct foreign land ownership and available property-right structures · 27.08.2026