NovHNH Commercial Residences
HNH Commercial Residences has a public history in Phnom Penh that predates the current HNH Central tower: Fresh News reported that the first shophouse phase on Hun Sen Boulevard had been under construction since mid-2022. The brand is now associated with HNH Central, a mixed-use residential and commercial development. The official website uses both “HNH Commercial Residences Real Estate & Services Joint Stock Company” and “HNH Real Estate Group”, while the company registration details were not independently confirmed in the public sources reviewed, so the exact contracting entity should be checked for each transaction.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
HNH Commercial Residences has a public history in Phnom Penh that predates the current HNH Central tower: Fresh News reported that the first shophouse phase on Hun Sen Boulevard had been under construction since mid-2022. The brand is now associated with HNH Central, a mixed-use residential and commercial development. The official website uses both “HNH Commercial Residences Real Estate & Services Joint Stock Company” and “HNH Real Estate Group”, while the company registration details were not independently confirmed in the public sources reviewed, so the exact contracting entity should be checked for each transaction.
Track record
In December 2023, Fresh News quoted the project's sales management as saying that a first phase of 200 shophouses was nearly complete and that the next phase had been launched. The same article described a three-stage master plan combining shophouses, a traditional market, condominium units and offices; those figures were project-representative statements rather than independently audited specifications. By H1 2025, Knight Frank included HNH Central among the new condominium launches in Phnom Penh. Fresh News also carried an HNH claim of more than 20 years of development history and several earlier shophouse schemes, but the reviewed sources did not independently link those legacy projects to the current contracting company.
Segments and prices
The development spans two materially different product types. In 2023, Fresh News reported that second-phase shophouses were being marketed above USD 200,000 for a three-and-a-half-storey, four-bedroom property. For HNH Central, PropertyHub Cambodia displayed asking prices at the review date from about USD 42,759 for a studio, USD 54,045 for a one-bedroom unit and USD 94,474 for a two-bedroom unit. These are changeable listing figures, not verified prices for a specific unit.
Geography
HNH Commercial Residences is located along Samdech Hun Sen Boulevard, commonly known as 60 Metre Road, in southern Phnom Penh. The official website gives Sangkat Chak Angrae, Khan Mean Chey, and the same broader location is supported by Fresh News and market sources. The 2023 report described the overall development site as approximately 14 hectares. Buyers should still verify the cadastral parcel for the specific phase because the landed shophouses and the high-rise component form different parts of the larger scheme.
Reliability and public record
The project has a public footprint beyond HNH's own marketing: Fresh News documented the shophouse development in 2023, while Knight Frank recorded HNH Central as a new condominium launch in H1 2025. Rental advertising also shows completed landed units in HNH Commercial Residences being used in the market. However, public descriptions differ materially on the scale of the high-rise component: the official site refers to roughly 400 units, PropertyHub Cambodia describes two towers with around 1,700 apartments, and the 2023 master-plan description referred to as many as 3,000 condominium units across the wider development. Buyers should therefore verify the approved tower count, unit inventory, phasing and handover schedule against permits and contractual documents rather than marketing pages.
What to verify
For any purchase, first establish the exact legal seller and developer, its registration and development licence, and its authority over the relevant land parcel. For HNH Central, request the current construction permit, approved height and unit count, handover schedule, land title, encumbrance search and payment terms; public sources currently give conflicting figures on project scale. The official website uses “guaranteed return” language, but a buyer should treat that as marketing unless the contract identifies the payment amount, term, obligor, security, exclusions and remedies for non-payment. A foreign buyer of a condominium unit should confirm that the unit is above the ground floor, is eligible for registered co-ownership title and remains within the statutory foreign quota of 70% of the total private-unit floor area. A landed shophouse cannot be transferred to a foreigner with direct ownership of the underlying Cambodian land, so any long-term land-use structure requires separate legal review and should not rely on nominee ownership.
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.
renderRender: project materials published on the HNH Central pageFrequently asked questions
Are HNH Commercial Residences and HNH Central the same thing?
Not exactly. HNH Commercial Residences is the broader project and brand on Hun Sen Boulevard, where shophouse phases were already being developed from 2022. HNH Central is the high-rise mixed-use component that Knight Frank recorded as a new condominium launch in 2025.
Does HNH have completed properties?
There is evidence that part of the first shophouse phase was completed: a project representative said in late 2023 that 200 homes were nearly finished, and later rental listings show houses within HNH Commercial Residences in use. However, the reviewed public sources do not provide a complete independently verified schedule of delivered phases or HNH's older claimed projects.
Can a foreigner own an HNH Central condominium in their own name?
Cambodian law allows this for a qualifying private unit in a co-owned building if it is above the ground floor, can receive an individual co-ownership title and remains within the foreign-ownership cap. For HNH Central, those conditions should be confirmed for the exact unit and project documents before payment.
Does HNH guarantee rental returns?
The official website uses guaranteed-investment-return language, but marketing wording alone does not create an enforceable payment obligation. A return should be treated as contractual only if the signed documents specify the amount or rate, duration, responsible legal entity, payment conditions and remedies for default.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- HNH Central / HNH Commercial Residences · HNH Central — project and company information · 27.08.2026
- Fresh News · HNH Commercial Residences second-phase launch and master-plan description · 27.08.2026
- Knight Frank Research · Cambodia Real Estate Highlights H1 2025 — Phnom Penh condominium sector · 27.08.2026
- PropertyHub Cambodia · HNH Central — project listing, pricing and stated timeline · 27.08.2026
- CAM Realty Cambodia · Shophouse rental listing inside HNH Commercial Residences · 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