NovIM Capital Holding
IM Capital Holding’s public footprint is centered on resort real estate and hospitality operations on Koh Rong. The group presents itself as the investor, developer and future operator of Port Yves Palace, while pointing to Apsara Resort as an already operating asset. Its own disclosures also name separate affiliated companies: MBIS Development Co., Ltd. as the landowner for Port Yves Palace and Apsara Resort Koh Rong Co., Ltd. in connection with the operating resort. For a buyer, the brand should therefore be distinguished from the exact Cambodian entity signing the sale and project documents.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
IM Capital Holding’s public footprint is centered on resort real estate and hospitality operations on Koh Rong. The group presents itself as the investor, developer and future operator of Port Yves Palace, while pointing to Apsara Resort as an already operating asset. Its own disclosures also name separate affiliated companies: MBIS Development Co., Ltd. as the landowner for Port Yves Palace and Apsara Resort Koh Rong Co., Ltd. in connection with the operating resort. For a buyer, the brand should therefore be distinguished from the exact Cambodian entity signing the sale and project documents.
Track record
The clearest verifiable execution record is the operating Apsara Resort on Koh Rong. Major booking platforms show an active 28-room resort, and Booking.com carries hundreds of guest reviews as of the access date. Sources disagree on the opening year: Port Yves Palace materials refer to 2024, while Agoda lists 2025, so the exact year should not be treated as settled. Port Yves Palace remains a development in progress: its official website states a December 2027 opening, while Realestate.com.kh also lists 2027 as the completion year.
Segments and prices
The main retail product is Port Yves Palace, a nine-storey resort aparthotel with 151 units. As of the access date, the official project website publishes unit sizes of roughly 26.5 to 79.2 sq m and prices from US$126,924 to US$454,944 depending on category and view. A separate Realestate.com.kh listing for a roughly 52 sq m two-bedroom unit shows US$308,352, matching the project’s published price for that layout. These are current asking prices, not guarantees of future value or investment return.
Geography
The group’s confirmed geographic focus is Koh Rong in Preah Sihanouk province. Apsara Resort operates at Coconut Beach, while Port Yves Palace is marketed as a beachfront development on Koh Rong. That concentration gives the group practical exposure to island hospitality operations, but it also makes outcomes more sensitive to tourism demand, transport access, island infrastructure and the quality of long-term hotel management.
Reliability and public record
IM Capital Holding has a stronger public footprint than many small project brands: Apsara Resort is independently visible on international booking platforms, and several Port Yves Palace specifications match between the project website and Realestate.com.kh. That does not replace legal due diligence on the development under construction. Claims about land ownership, future individual unit titles and the roles of affiliated companies are largely project-reported, and we did not find a complete independent public set of corporate and cadastral documents that would verify the full transaction chain in advance.
What to verify
Before reserving at Port Yves Palace, obtain the exact legal name of the entity signing with the buyer and document how it relates to IM Capital Holding and the stated landowner, MBIS Development Co., Ltd. Request the land title and encumbrance information, the construction permit, evidence that the building is or will be registered as a co-owned building, and the legal basis for issuing an individual title to the selected unit. Cambodian law allows qualifying foreigners to own private units in a registered co-owned building only above the ground floor, while foreign ownership is capped at 70% of the total surface area of all private units. The project’s promise of individual strata ownership should therefore be verified for the exact unit and remaining foreign quota. Also confirm which entity receives staged payments, whether any buyer-fund protection or escrow mechanism exists, and what the contract provides if the stated 2027 completion schedule slips.
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: Port Yves Palace project materialsPort Yves Palace
Frequently asked questions
Does IM Capital Holding already have an operating property on Koh Rong?
Yes. Apsara Resort is independently listed on Booking.com, Agoda and other international platforms as an operating 28-room resort. That is useful evidence of real hospitality operations on the island, but it does not automatically verify Port Yves Palace’s construction schedule, title structure or financial model.
Can a foreign buyer own a Port Yves Palace apartment directly?
The project states that buyers will receive individual strata ownership. Cambodian law does allow qualifying foreigners to own private units in registered co-owned buildings above the ground floor, subject to a 70% cap measured against the total surface area of private units in the building. Before purchase, verify the registration of this specific building, the title path for the selected unit and remaining foreign quota rather than relying only on the project website.
Is the projected return at Port Yves Palace guaranteed?
No. The project website presents approximately 12.8% as a projection, and its Polish-language version explicitly states that the calculation is not a guarantee. Realestate.com.kh likewise labels 12.8% as an expected rental return. A buyer should separately review the management agreement, revenue split, operating costs, occupancy assumptions and downside scenario if tourism demand underperforms.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- IM Capital Holding · IM Capital Holding projects — Apsara Resort, Port Yves Palace and Apsara II · 27.08.2026
- Port Yves Palace / IM Capital Holding · Port Yves Palace — project specifications, pricing, opening schedule and stated legal structure · 27.08.2026
- Realestate.com.kh · Port Yves Palace Koh Rong — independent project profile and listings · 27.08.2026
- Booking.com · Apsara Resort Koh Rong — operating property and guest reviews · 27.08.2026
- Agoda · Apsara Resort Koh Rong — 28 rooms and opening information · 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
- BNG Legal · Foreign ownership in Cambodia — explanation of the 70% cap under Sub-Decree No. 82 · 27.08.2026
- Realestate.com.kh · Port Yves Palace two-bedroom unit — approximately 52 sq m and US$308,352 asking price · 27.08.2026