City Park Development PLC

City Park Development PLC has a relatively narrow public footprint in Cambodia. Its clearest documented development is The 352 Platinum I, a condominium on Street 352 in Phnom Penh's Boeung Keng Kang area. The developer's own website remains centred on that property, while an independent Cambodian project list also attributes the building to City Park Development Plc. We did not find sufficiently reliable public evidence of a broader completed portfolio under the same legal name, so the company is best assessed through this delivered project rather than through brand-level claims.

Phnom Penh · 1 linked project

A company name is not a recommendation. Check the project company, contract and selected unit before reservation.

Overview

Track record

The strongest verifiable track-record point is The 352 Platinum I. A Japan International Cooperation Agency study of Phnom Penh lists it as a 130-unit condominium, with a 2015 start, a 2017 end year and a constructed status. A separate project list reproduced in a Royal University of Law and Economics study names City Park Development Plc as the company behind the development. We did not verify additional completed schemes under the same legal name to a comparable standard.

Segments and prices

The documented product sits in the central Phnom Penh condominium segment rather than the mass-market landed-housing market. Because The 352 Platinum I is already completed, a buyer should focus on the asking price and legal area of the specific unit, floor, condition, fit-out and ownership documents rather than on an old launch price. We did not find a current official City Park Development PLC primary-sales price list in the sources reviewed.

Geography

The verified geography is Phnom Penh. The official project website gives the address as No. 51–53, Street 352, Boeung Keng Kang, Phnom Penh, and describes a central location close to Monivong Boulevard, embassies, banks and government institutions. We did not find reliable evidence of City Park Development PLC projects in other Cambodian cities.

Reliability and public record

There is a meaningful delivery signal: the 130-unit condominium linked to the company is documented as constructed, and the project's official website is still online. Corporate disclosure is much thinner. We did not verify the company's ownership structure, shareholders, financial position or a broader completed portfolio from primary public records. For a buyer, the delivered building is useful evidence of execution, but it does not replace unit-level title checks, seller verification and a review of how the building is currently managed.

What to verify

For a purchase at The 352 Platinum I, first establish who is selling the specific unit today: City Park Development PLC, a related party or a resale owner. Obtain the ownership certificate for that unit, check registered encumbrances, confirm the seller's authority and make sure the payment recipient matches the contract. A foreign buyer should also verify that the unit is above the ground and underground levels and that the foreign-ownership quota has not been exhausted at registration; Cambodian rules cap foreign ownership at 70% of the total private-unit surface in a co-owned building. Because this is an operating building, review management rules, common-area charges and any arrears, and identify who is currently responsible for building operations and shared facilities.

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 materials

Condominium

The 352 Platinum

Phnom Penh · BKK1

City Park Development PLC

Based on developer materialCompleted

Completed residential high-rise condominium · 25 floors · 130 units

From $432,560Availability and price confirmed personallyFrom $432,559.50 in a resale listing for a 108.82 sqm two-bedroom unit updated on April 12, 2026. This is the lowest verifiable reference among the reviewed listings, not a developer price list; availability, condition, furniture, title and final transaction terms need to be checked separately with a specialist.

Ask Open

Frequently asked questions

Which City Park Development PLC project is publicly verified?

The clearest verified project is The 352 Platinum I in Phnom Penh. Independent sources attribute it to City Park Development Plc, while a Japan International Cooperation Agency study lists 130 units and records the development as constructed.

Can a foreigner own a unit at The 352 Platinum I?

Cambodian law allows qualified foreigners to own private units in co-owned buildings above the ground level; ground and underground floors are excluded. Foreign ownership is capped at 70% of the building's total private-unit surface. That general rule does not prove that a particular unit is eligible, so the ownership certificate and remaining foreign quota should be checked at the time of transfer.

Does City Park Development PLC have a verified large portfolio?

Not in the sources we reviewed. The 352 Platinum I is well documented, but we did not find comparable evidence for additional completed projects under the same legal name. The developer should therefore not be credited with a larger track record unless further primary documentation is produced.

Sources

Sources are named for independent checking. NovAsia does not publish outbound links.

CITYPARK · CITYPARK official website — The 352 Platinum I contact details and project address · 27.08.2026
Japan International Cooperation Agency (JICA) · Data Collection Survey on Urban Transport in Phnom Penh — condominium development table including The 352 Platinum I · 27.08.2026
Royal University of Law and Economics · Royal University of Law and Economics — project/company list naming The 352 Platinum I and City Park Development Plc · 27.08.2026
Council for the Development of Cambodia · Law on Providing Foreigners with Ownership Rights in Private Units of Co-Owned Buildings — floor and registration rules · 27.08.2026
DFDL · Foreign Ownership and Condominiums in Cambodia — explanation of the 70% foreign-ownership cap · 27.08.2026