NovChan Residence
Chan Residence has a fairly narrow public footprint and is mainly visible through Borey ChanCastle, a landed residential scheme in Phnom Penh. The Cambodia Chamber of Commerce identified Chhim Panha as founder and CEO of Borey ChanCastle in a 2021 member announcement, but the public sources reviewed do not clearly establish the registered legal entity behind the Chan Residence brand or the entity that signs sales contracts. Buyers should therefore verify the contracting company rather than relying on the project or marketing name alone.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
Chan Residence has a fairly narrow public footprint and is mainly visible through Borey ChanCastle, a landed residential scheme in Phnom Penh. The Cambodia Chamber of Commerce identified Chhim Panha as founder and CEO of Borey ChanCastle in a 2021 member announcement, but the public sources reviewed do not clearly establish the registered legal entity behind the Chan Residence brand or the entity that signs sales contracts. Buyers should therefore verify the contracting company rather than relying on the project or marketing name alone.
Track record
The clearest documented development is Borey ChanCastle in Prey Sa, Dangkao. Realestate.com.kh records a March 2020 groundbreaking, 119 homes across roughly 20,000 square metres, with shophouses, commercial houses and twin villas; Compass also lists the scheme in Prey Sa as a landed residential development. We did not find sufficiently reliable public evidence of a broader completed portfolio attributable specifically to Chan Residence, so the track record should be treated as concentrated around this project unless further corporate records are produced.
Segments and prices
Public listings place Chan Residence in the landed-housing segment rather than the condominium market. The price trail is not fully consistent across portals: Compass has shown Borey ChanCastle from around US$160,000 per home, while Realestate.com.kh has carried examples from roughly US$188,000 for a shophouse up to US$330,000 for certain commercial-house configurations, with some units priced on application. Those figures are portal listings rather than a live developer price sheet, so current pricing, incentives and payment terms should be reconfirmed for the exact property.
Geography
The verified footprint is concentrated in one part of Phnom Penh. Borey ChanCastle is listed in Prey Sa, Dangkao, around 50m Road and Ring Road 2. The sources reviewed do not establish a comparable Chan Residence development presence in other Cambodian cities.
Reliability and public record
There is a genuine third-party public trail: Borey ChanCastle appears in Cambodia Chamber of Commerce materials, a Cambodian business directory and a major property portal, with individual project listings updated into late 2024. At the same time, the sources reviewed did not provide enough evidence on audited financials, the precise seller entity, developer licensing, permits or a documented multi-project completion history. That is not evidence of wrongdoing; it simply means confidence should come from transaction documents and regulatory checks rather than brand visibility.
What to verify
For Borey ChanCastle, start by identifying the full legal name of the seller and developer in the sale agreement and matching it against the landholder, project licence and payment account. For the selected home, verify the underlying land title, encumbrances, construction and completion approvals, the actual delivery status of common infrastructure, and the handover terms. Because this is a landed borey project, a foreign buyer should not assume that a listing described as having a registered land title creates direct foreign ownership of the land. Cambodia's special foreign-ownership regime applies to qualifying private units in co-owned buildings and does not remove the general restriction on foreign land ownership. The ownership structure for a specific house should be reviewed by independent Cambodian counsel before a material payment is made.
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
Are Chan Residence and Borey ChanCastle the same legal entity?
Public property sources connect Chan Residence with Borey ChanCastle, while the Cambodia Chamber of Commerce lists Borey ChanCastle in its own membership materials. That still does not prove that the marketing brand, the project name and the contracting entity are legally identical. The seller's registered name should be confirmed from corporate and project documents.
Can a foreign buyer own a Borey ChanCastle house directly in their own name?
Not as straightforward direct ownership of the underlying land. Cambodia generally restricts foreign land ownership. The 2010 foreign-ownership law creates a separate route for qualifying private units in co-owned buildings above the ground floor, with foreign ownership capped at 70% of the total private-unit floor area, but that regime should not be assumed to cover an ordinary landed borey house. The lawful structure for the specific property needs to be checked before purchase.
Does Chan Residence have a verified portfolio of completed projects?
The public record reviewed clearly supports Borey ChanCastle, but it is too thin to present a broader completed portfolio as established fact. If the seller cites additional projects, ask for project names, the developer entities involved and completion evidence so the claimed track record can be tied back to the same group.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- Cambodia Chamber of Commerce · Cambodia Chamber of Commerce — new-member announcement for Borey ChanCastle founder and CEO · 27.08.2026
- Realestate.com.kh · Realestate.com.kh — Borey ChanCastle project profile: location, 119 units, unit types and asking-price references · 27.08.2026
- Cambodia Business Directory · Cambodia Business Directory — Borey Chancastle business listing in Phnom Penh · 27.08.2026
- Council for the Development of Cambodia / Ministry of Land Management, Urban Planning and Construction · Cambodia Law on Providing Foreigners with Ownership Rights in Private Units of Co-Owned Buildings — ownership scope and floor restrictions · 27.08.2026
- DFDL · DFDL — Cambodia Real Estate Investment Guide: borey regulation and foreign-ownership framework · 27.08.2026
- Compass Cambodia · Compass — Borey ChanCastle listing: Prey Sa location, housing types and price reference · 27.08.2026