NovGrand Richfortune Company Ltd
Grand Richfortune's verifiable Cambodia footprint is concentrated in two Phnom Penh high-rises: the operating The View serviced residence in Boeung Keng Kang 1 and The View II in Toul Kork. The first provides a tangible completed asset that can be inspected and rented today; the second requires much closer status verification because public completion claims conflict with the contractor's current project records. Public real-estate profiles also connect the brand to a Taiwan-based development background, but buyers should still verify the exact Cambodian contracting entity and current corporate registration for the specific transaction.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
Grand Richfortune's verifiable Cambodia footprint is concentrated in two Phnom Penh high-rises: the operating The View serviced residence in Boeung Keng Kang 1 and The View II in Toul Kork. The first provides a tangible completed asset that can be inspected and rented today; the second requires much closer status verification because public completion claims conflict with the contractor's current project records. Public real-estate profiles also connect the brand to a Taiwan-based development background, but buyers should still verify the exact Cambodian contracting entity and current corporate registration for the specific transaction.
Track record
The View in BKK1 is an operating serviced residence with an active accommodation website, and Knight Frank Cambodia has documented the property in Phnom Penh's serviced-apartment stock while naming Grand Richfortune as the developer-manager. The View II is a different story: SOMA Construction & Development still lists it under projects in progress and records a September 2019 construction start. Some property portals label the scheme as completed in 2022, so that date should not be treated as reliable without current handover and occupancy evidence.
Segments and prices
In Cambodia, Grand Richfortune is positioned around central-city condominiums and serviced residences rather than landed housing estates. Current resale stock at The View can provide a market reference: one Realestate.com.kh listing asks US$92,000 for 34 sq m, or about US$2,663 per sq m. That is a single resale asking price, not a developer price list. A current, independently verifiable developer price schedule for The View II was not found in the reviewed public sources.
Geography
The confirmed Cambodia geography is Phnom Penh. The View is in Boeung Keng Kang 1, while The View II is in Boeung Kak 2, Toul Kork. The reviewed sources did not provide sufficiently reliable evidence of Grand Richfortune developments in other Cambodian cities.
Reliability and public record
Grand Richfortune does have a verifiable operating asset in The View, which is meaningful evidence of delivery capability. The View II, however, needs enhanced due diligence: SOMA's current project page still categorizes it as in progress even though several portals carry a January 2022 completion date. A Taipei District Court judgment dated 18 June 2025 also records, among facts not disputed by the parties, a specific The View II transaction in which a buyer had paid US$1 million; after COVID-related non-performance, Grand Richfortune was unable to return the amount and the parties later substituted real estate in Taiwan. A single court case is not a company-wide verdict, but it makes refund rights, payment security and milestone controls especially important for any new contract.
What to verify
Confirm the exact Cambodian legal entity named as seller and developer in the sale contract, and match it against the entity holding the relevant project approvals and receiving buyer funds. For The View II, request current construction evidence plus the occupancy, completion or handover documentation applicable to the project, because public status records conflict. A foreign buyer should also verify the underlying land title, the building's co-ownership registration, eligibility for an individual strata title and the remaining foreign-ownership quota; Cambodian law permits qualifying foreign ownership above the ground floor, subject to a 70% cap by private-unit floor area. The contract should clearly address milestone-linked payments, refund rights on delay or termination, and whether escrow or another payment-protection mechanism applies.
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: current project page and HomeAbroad Cambodia
renderRender and floor plans: official The View II websiteFrequently asked questions
Does Grand Richfortune have a completed project in Cambodia?
Yes. The View in BKK1 is operating as a serviced residence and can be inspected as a real, functioning asset. That is stronger evidence than marketing history alone, although it does not replace transaction-specific legal due diligence.
Is The View II completed?
Public sources conflict. Some portals state a January 2022 completion, while SOMA Construction & Development continues to list The View II as a project in progress. Buyers should rely on current project documents and a site inspection rather than a portal completion field.
Can a foreign buyer hold a unit in their own name?
Cambodian law allows qualifying foreigners to own private units in co-owned buildings above the ground floor, with foreign ownership capped at 70% of total private-unit floor area. For a specific purchase, confirm the building's registration, the availability of an individual strata title and the remaining foreign quota at the time of transfer.
Should buyers rely on old yield promises or launch schedules?
Not without re-verification. Earlier marketing for The View and The View II included projected returns and delivery timelines, but a current decision should be based on the live contract, actual construction or operating status, real rents and current costs. Yield and handover assumptions need present-day evidence rather than archived sales material.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- The View II · The View II official website — Grand Richfortune attribution and Toul Kork location · 27.08.2026
- SOMA Construction & Development Co., Ltd. · The View II — contractor project page listing the scheme in progress, 33 floors and a September 2019 construction start · 27.08.2026
- SOMA Construction & Development Co., Ltd. · Projects in Progress — The View II remains on the contractor's current in-progress list · 27.08.2026
- The View Serviced Residence · The View Serviced Residence — operating property in Boeung Keng Kang 1 · 27.08.2026
- Knight Frank Cambodia · The View Serviced Residence Phnom Penh profile — operating serviced residence · 27.08.2026
- Knight Frank · Cambodia Real Estate Highlights H1 2018 — The View and Grand Richfortune · 27.08.2026
- Realestate.com.kh · The View resale listing — market reference of US$92,000 for 34 sq m · 27.08.2026
- FazWaz Cambodia · The View II portal record claiming January 2022 completion — source of the status discrepancy · 27.08.2026
- LawPlayer, reproduction of Taipei District Court judgment · Taipei District Court judgment, case 113年度訴字第1661號 — facts concerning a specific The View II transaction · 27.08.2026
- Council for the Development of Cambodia · Cambodia Law on Providing Foreigners with Ownership Rights in Private Units of Co-Owned Buildings · 27.08.2026