NovDaline Property Development Co., Ltd
Daline Property Development has a relatively narrow public footprint centred on The Residence, a south Phnom Penh development of shophouses and twin villas. Local media documented the project’s groundbreaking and official sales launch on 25 July 2021. The developer’s own website currently provides little beyond an under-construction notice, so buyers have limited public corporate history to rely on outside the project itself.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
Daline Property Development has a relatively narrow public footprint centred on The Residence, a south Phnom Penh development of shophouses and twin villas. Local media documented the project’s groundbreaking and official sales launch on 25 July 2021. The developer’s own website currently provides little beyond an under-construction notice, so buyers have limited public corporate history to rely on outside the project itself.
Track record
The Residence is the clearest verifiable part of Daline’s development record. Sabay News reported its construction and sales launch in July 2021, while current property portals describe the project as completed in 2023 and still show units on the market. Public sources disagree on scale: the current Realestate.com.kh unit table totals 417 homes, whereas FazWaz and BaanCoin state 574, so the final project count should be confirmed from developer documentation rather than copied from an aggregator.
Segments and prices
The publicly documented product mix is concentrated in shophouses and twin villas at The Residence. At the time of review, Realestate.com.kh listed unit types from US$198,900 to US$315,880, with several twin-villa types around US$283,890. These are current project-listing figures rather than an independent valuation, so availability, incentives, payment schedules and the final contracted price should be reconfirmed for the specific home.
Geography
Daline’s verified development activity is in Phnom Penh. The Residence sits in the city’s southern growth corridor around the 50-metre and 60-metre roads, although portals use different administrative labels such as Chak Angrae Leu, Meanchey and Cheung Aek. For due diligence, the cadastral parcel and contractual address matter more than the neighbourhood label used in marketing.
Reliability and public record
There is verifiable evidence of real project activity: The Residence launched in 2021, property portals report completion in 2023, sales were still being advertised in 2026, and the project was reported as a Cambodia Real Estate Awards 2023 winner. That supports the existence and market presence of the development, but it does not replace checks on the contracting entity, permits, land title or encumbrances. Public sources provide much less evidence of other completed Daline projects, so a broader delivery record is not established from the material reviewed.
What to verify
For The Residence, first match the full legal name of the seller and developer in the sale agreement to Daline Property Development Co., Ltd, then verify the title for the specific land parcel, any mortgages or other encumbrances, construction approvals and the completion or handover documents for the home. Ask the developer to reconcile the published project scale as well, because public portals currently show 417 versus 574 units. A foreign buyer should also obtain independent advice on the exact rights being transferred: Cambodian law restricts direct foreign land ownership, and the foreign-ownership regime for private units in co-owned buildings does not automatically make a landed borey home foreign freehold.
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 materialsThe Residence by Daline — Cheung Aek
Frequently asked questions
Which completed Daline Property Development projects are publicly verifiable?
The Residence in Phnom Penh is the strongest verifiable example: its launch was documented in 2021 and property portals describe it as completed in 2023. The sources reviewed do not establish a comparable public list of other completed Daline developments, so the developer assessment should focus on the documentation and physical delivery of The Residence.
Can a foreigner directly buy a villa or shophouse at The Residence together with the land?
Direct foreign ownership of Cambodian land is restricted by the Constitution and land law. Because the publicly marketed The Residence products are landed houses and villas, buyers should not assume that the rules allowing foreign ownership of qualifying condominium units automatically apply. The legal interest being acquired should be checked against the title, contract and independent legal advice before a material payment is made.
Does The Residence have 417 units or 574?
Public sources conflict. The current Realestate.com.kh unit table adds up to 417 homes, while FazWaz and BaanCoin state 574. Rather than selecting one figure without primary documentation, a buyer should ask Daline for the current approved master plan and unit schedule.
What price level does The Residence target?
At the time of review, the Realestate.com.kh project page showed unit types at roughly US$198,900 to US$315,880. These are asking prices, not guaranteed transaction prices, so buyers should obtain a current price list, available-unit schedule and full payment plan before reserving.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- Daline Property Development Co., Ltd · Daline Property Development official website — confirms the company name; site currently under construction · 27.08.2026
- Sabay News · Sabay News — The Residence groundbreaking and official sales launch on 25 July 2021 · 27.08.2026
- Realestate.com.kh · Realestate.com.kh — The Residence completion, unit types, pricing and current unit schedule · 27.08.2026
- FazWaz Cambodia · FazWaz Cambodia — The Residence: reported 2023 completion and 574 units · 27.08.2026
- BaanCoin · BaanCoin — The Residence: alternative source reporting 574 units · 27.08.2026
- Realestate.com.kh · Realestate.com.kh — report on The Residence receiving a Cambodia Real Estate Awards 2023 award · 27.08.2026
- KhmerAds.co · KhmerAds — advertising for the final The Residence homes in February 2026 · 27.08.2026
- Council for the Development of Cambodia (CDC) · Council for the Development of Cambodia — restrictions on foreign ownership of land · 27.08.2026
- National Committee for Sub-National Democratic Development (NCDD) · Royal Government of Cambodia — law on foreign ownership rights in private units of co-owned buildings · 27.08.2026