NovH.C.N MALL AND RESIDENCE DEVELOPMENT CO., LTD.
The public profile of H.C.N MALL AND RESIDENCE DEVELOPMENT CO., LTD. is centred on HCN Residence, a mixed-use residential development in Toul Kork, Phnom Penh. Public attribution is inconsistent: Realestate.com.kh lists H.C.N MALL AND RESIDENCE DEVELOPMENT CO., LTD. as the project company, its description names Zhongneng Boyi Co., Ltd., while Compass attributes the development to Heng Cham Nol Co., Ltd. For a buyer, the important point is therefore the exact legal entity shown in the unit and transfer documents, not the brand name used by a listing portal.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
The public profile of H.C.N MALL AND RESIDENCE DEVELOPMENT CO., LTD. is centred on HCN Residence, a mixed-use residential development in Toul Kork, Phnom Penh. Public attribution is inconsistent: Realestate.com.kh lists H.C.N MALL AND RESIDENCE DEVELOPMENT CO., LTD. as the project company, its description names Zhongneng Boyi Co., Ltd., while Compass attributes the development to Heng Cham Nol Co., Ltd. For a buyer, the important point is therefore the exact legal entity shown in the unit and transfer documents, not the brand name used by a listing portal.
Track record
One development can be traced with confidence: HCN Mall & Residence, also marketed as HCN Residence. CBRE Cambodia included it among eight new condominium launches in Q2 2019. Realestate.com.kh currently lists 640 units, 23 floors, 100% construction progress and a 2020 completion year; FazWaz also lists 640 units and completion in January 2020. The sources reviewed did not establish a broader verified portfolio of completed projects for this company.
Segments and prices
HCN Residence is an urban condominium development. Compass lists one- and two-bedroom units of roughly 46-100 sq m, although its project data differs from Realestate.com.kh on unit and floor counts, so it is better treated as indicative rather than definitive. In 2026, a 46 sq m one-bedroom unit was advertised at about US$50,000 on Realestate.com.kh and US$55,000 on Khmer24. These are individual asking prices on the market, not a verified current developer price list.
Geography
The verified footprint is limited to Phnom Penh. HCN Residence is in Boeung Kak 1, Toul Kork, around the junction of Streets 347 and 516. The sources reviewed do not establish other cities or separate developments attributable to H.C.N MALL AND RESIDENCE DEVELOPMENT CO., LTD.
Reliability and public record
The asset itself has an independent market trail: CBRE recorded its 2019 launch, while current property platforms show a completed building and resale activity. The corporate side needs more care. Three names appear across sources — H.C.N MALL AND RESIDENCE DEVELOPMENT CO., LTD., Zhongneng Boyi Co., Ltd. and Heng Cham Nol Co., Ltd. — and Compass lists 620 units and 20 above-ground floors, whereas Realestate.com.kh and FazWaz show 640 units and 23 floors. These discrepancies do not prove a problem, but they do mean that the project's legal structure and the specifications of a particular unit should not be established from portal listings alone.
What to verify
Before paying, obtain a current company extract and establish the documented relationship between H.C.N MALL AND RESIDENCE DEVELOPMENT CO., LTD., Zhongneng Boyi Co., Ltd. and Heng Cham Nol Co., Ltd. if any of those names appear in the sale contract, title or payment instructions. For the specific unit, request the individual ownership certificate, evidence that the building is registered as a co-owned building, an encumbrance check, lawful completion or occupancy documentation, and the current management rules and service charges. A foreign buyer should also verify the unit's floor and the remaining foreign quota: Cambodian law allows foreign ownership of private units above the ground floor, while foreign ownership is capped at 70% of the total private-unit floor area of the building.
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
Who is the actual developer of HCN Residence?
The public portals do not give one clean answer. Realestate.com.kh associates the project with H.C.N MALL AND RESIDENCE DEVELOPMENT CO., LTD. but names Zhongneng Boyi Co., Ltd. in the project description, while Compass lists Heng Cham Nol Co., Ltd. Before a transaction, official documents should establish which entity held the project land, obtained the relevant approvals and has the legal right to sell or transfer the specific unit.
Is HCN Residence completed?
Property platforms list 2020 as the completion year, Realestate.com.kh shows 100% construction progress, and resale units are being advertised in 2026. That is still not a substitute for legal due diligence: buyers should request the building's lawful completion or occupancy documentation and the individual title for the chosen unit.
Can a foreigner own a unit in HCN Residence directly?
Potentially yes, if the specific unit is above the ground floor, the building is properly registered as a co-owned building and foreign quota remains available. Cambodian law does not allow foreign ownership of the land or units on the ground or underground floors, and foreign ownership of private units is capped at 70% of the building's total private-unit floor area. A title label in an advertisement therefore does not by itself confirm eligibility for a particular foreign buyer and unit.
What is the current asking-price range for a small unit?
In 2026, public listings showed roughly US$50,000-55,000 for a 46 sq m one-bedroom unit. These are secondary-market asking prices rather than an official developer price, so any valuation should compare floor level, net and gross area, condition, furniture, title status and transfer costs.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- Realestate.com.kh · HCN Residence project profile · 27.08.2026
- Realestate.com.kh · H.C.N MALL AND RESIDENCE DEVELOPMENT CO., LTD. profile · 27.08.2026
- CBRE Cambodia · Phnom Penh Marketview Q2 2019 - HCN Mall & Residence launch · 27.08.2026
- Compass Real Estate Cambodia · H.C.N. Residence listing with alternative developer attribution · 27.08.2026
- Khmer24 · One-bedroom HCN Residence resale listing · 27.08.2026
- Council for the Development of Cambodia · Law on Providing Foreigners with Ownership Rights in Private Units of Co-Owned Buildings · 27.08.2026
- DFDL · Foreign Ownership and Condominiums in Cambodia - 70% rule · 27.08.2026