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GRED (secondary attribution)

Public sources do not support treating GRED as a separate developer from Graticity Real Estate Development Co., Ltd. EuroCham Cambodia states that One Park is the public project name registered under Graticity Real Estate Development Co., Ltd. and explicitly uses the formulation One Park by GRED. This record is therefore best understood as a secondary attribution of the same developer, while any transaction should still use the full legal entity shown in the contract and title documents.

Phnom Penh

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Overview

Public sources do not support treating GRED as a separate developer from Graticity Real Estate Development Co., Ltd. EuroCham Cambodia states that One Park is the public project name registered under Graticity Real Estate Development Co., Ltd. and explicitly uses the formulation One Park by GRED. This record is therefore best understood as a secondary attribution of the same developer, while any transaction should still use the full legal entity shown in the contract and title documents.

Track record

One Park in Phnom Penh is the only development consistently tied to GRED across current independent sources. Realestate.com.kh lists the scheme at 100% construction progress with a 2019 completion year, while APS Cambodia also describes it as a completed 2019 development. We found no evidence of a separate project portfolio belonging to a second developer called GRED, so this record should not be expanded into an independent track record.

Segments and prices

The documented product mix is a large urban mixed-use scheme rather than a broad catalogue of unrelated projects. One Park combines condominiums and serviced residences with commercial space, offices and other on-site uses; EuroCham also references hotel, education and townhouse components. We did not find a current verified primary price list from the developer, so portal asking prices should be treated as unit-specific market listings rather than official GRED pricing.

Geography

The confirmed footprint is Phnom Penh City Center in Srah Chak, Daun Penh. A recent Hong Kong Stock Exchange disclosure gives GRED's registered office at Land Plot 58 inside the Boeung Kok development area, Village No. 1, Sangkat Srah Chak, Khan Doun Penh, while EuroCham lists One Park at No. 58, Street R8. The matching location helps establish that the abbreviated GRED attribution points back to the same One Park developer entity.

Reliability and public record

The underlying legal entity is relatively well documented for a private Cambodian developer. A Hong Kong Stock Exchange disclosure identifies Graticity Real Estate Development Co., Ltd. as incorporated in Cambodia and records Vong Pech as its controlling shareholder at the relevant filing date, while current market sources continue to list One Park as a completed development. The limitation is breadth rather than identity: the independently verifiable delivery record is concentrated on One Park, and the GRED abbreviation does not establish a second corporate track record.

What to verify

The first check is attribution: the sale agreement, title and payment instructions should make clear whether the seller is Graticity Real Estate Development Co., Ltd., another related entity or a private owner. For a completed One Park unit, verify the specific title, encumbrances, outstanding building charges, management rules and the beneficiary of every payment. A foreign buyer should also confirm that the unit is a registrable private unit in a co-owned building, sits on an eligible floor and remains within the available foreign-ownership quota; Cambodian rules cap foreign ownership at 70% of the total surface area of private units and exclude the ground and underground floors.

Frequently asked questions

Are GRED and Graticity Real Estate Development separate developers?

The reviewed evidence does not support that interpretation. EuroCham directly connects the GRED abbreviation and One Park brand with Graticity Real Estate Development Co., Ltd., and we did not verify a separate developer entity behind this secondary attribution.

Which completed GRED project is publicly verified?

One Park in Phnom Penh. Realestate.com.kh reports 100% construction progress and a 2019 completion year, and APS Cambodia also lists the development as completed in 2019. We did not find a broader independently verified portfolio attached specifically to this secondary record.

Can a foreign buyer own a One Park condominium in their own name?

Cambodian law permits foreign ownership of private units in registered co-owned buildings subject to floor and foreign-quota restrictions. For a specific One Park unit, the individual title, building registration and remaining foreign quota should be confirmed before payment; a sales listing alone is not enough to establish registrability.

Sources

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

  1. EuroCham Cambodia · Graticity Real Estate Development Co., Ltd. profile and One Park/GRED attribution · 27.08.2026
  2. Hong Kong Exchanges and Clearing Limited · Substantial shareholder disclosure: Graticity Real Estate Development Co., Ltd. · 27.08.2026
  3. Realestate.com.kh · One Park project profile — current status and specifications · 27.08.2026
  4. APS Cambodia · One Park Tower — completed residential development in Phnom Penh · 27.08.2026
  5. DFDL · Foreign ownership rules for private units in co-owned buildings · 27.08.2026
  6. Ministry of Land Management, Urban Planning and Construction · Official explanation of the foreign ownership law for private units in co-owned buildings · 27.08.2026