NovFu Guan Yuan Development
Fu Guan Yuan Development has a limited public corporate footprint and is associated with Versailles Square in Phnom Penh. The building itself is well documented, but the developer's corporate history is much less transparent: property platforms describe the project in detail while often naming the developer simply as Versailles Square or leaving the legal developer unidentified. For a buyer, that makes deal-specific verification more important than relying on the brand name alone.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
Fu Guan Yuan Development has a limited public corporate footprint and is associated with Versailles Square in Phnom Penh. The building itself is well documented, but the developer's corporate history is much less transparent: property platforms describe the project in detail while often naming the developer simply as Versailles Square or leaving the legal developer unidentified. For a buyer, that makes deal-specific verification more important than relying on the brand name alone.
Track record
The project that can be traced most clearly for this profile is Versailles Square. Realestate.com.kh lists 320 units, 100% construction progress and ready-to-move-in inventory, while current rental listings show that the building is in active use. We did not find an independently verifiable public portfolio of additional completed projects under the exact Fu Guan Yuan Development name. If a seller presents a broader track record, each claimed project should be checked separately rather than inferred from Versailles Square.
Segments and prices
The verifiable segment is a mixed-use high-rise combining residential apartments and office space at Versailles Square. Realestate.com.kh shows an asking sale level of about US$2,000 per sq m, with a studio advertised around US$480 per month and a two-bedroom unit around US$750 per month; Cam Realty Service lists office rents around US$13 per sq m. These are marketplace asking figures, not a guaranteed developer price list or a return promise, so they should be treated only as a current positioning reference for the building.
Geography
Versailles Square is in southern Phnom Penh, in Mean Chey, along Samdech Hun Sen Boulevard. Public property sources are not fully consistent on the sangkat, using both Chak Angrae Kraom and Chak Angrae Leu. That difference is minor for general location research but matters for legal documentation, so the exact address should come from the title and sale documents rather than a portal listing.
Reliability and public record
Versailles Square provides verifiable evidence of delivery at the project level: the building is completed, occupied and represented in both residential and office rental markets. That reduces construction-completion uncertainty for a buyer considering an existing unit. It does not, however, establish the wider financial strength or development record of Fu Guan Yuan Development, because public corporate disclosure is thin and sources do not consistently identify the legal developer. The decision should therefore rest on the unit title, seller entity and building documentation rather than a broad brand-level reliability claim.
What to verify
Before buying, verify the seller's and developer's full legal names in the sale and purchase agreement against Cambodian company records and the project documents, and confirm which entity is authorised to receive payment. Obtain the title for the specific unit and evidence that the building is registered under the co-ownership regime. A foreign buyer should also confirm the remaining foreign-ownership quota and the unit's floor: Cambodian law permits foreign ownership of private units only above the ground floor, while foreign ownership is capped at 70% of the total surface area of all private units in the co-owned building. The exact legal address, current management charges, any unit-level arrears and any additional completed projects claimed as Fu Guan Yuan Development's track record should also be checked.
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.
Frequently asked questions
How well documented is Fu Guan Yuan Development's track record?
Only to a limited extent. Versailles Square is easy to verify as a real completed building, but we did not find a robust independent corporate history or a clearly documented list of other completed projects under the exact Fu Guan Yuan Development name. Any additional track-record claims should therefore be supported with specific to the project evidence rather than marketing statements.
Can a foreign buyer own a unit at Versailles Square in their own name?
Cambodian law allows a foreigner to own a private unit in a registered co-owned building above the ground floor, provided the foreign-ownership cap has not been exhausted. For Versailles Square, a portal reference to title status is not enough on its own; the specific unit title, building registration and remaining foreign quota should be confirmed before payment.
Why do some sources list 29 floors and others 30?
Realestate.com.kh lists 29 floors, while Cam Realty Service describes the building as 30 storeys. The difference may reflect how a technical, parking or lower level is counted, but the public sources reviewed do not establish the reason. If the floor count matters to a transaction, the approved building plans and title documents should take precedence.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- Realestate.com.kh · Versailles Square project profile — 320 units, construction status, unit types and market listings · 27.08.2026
- Cam Realty Service · Versailles Square — mixed-use building, floor count, office layouts and current asking rents · 27.08.2026
- Council for the Development of Cambodia · Law on Providing Foreigners with Ownership Rights in Private Units of Co-Owned Buildings — ownership above the ground floor and no ownership of the underlying land · 27.08.2026
- BNG Legal · Foreign Ownership of Immovable Property — explanation of the 70% total private-unit surface-area cap under Sub-Decree No. 82 · 27.08.2026