NovJV Parc Residence Co., Ltd
JV Parc Residence Co., Ltd has a public record centred almost entirely on one development: Parc 21 Residence in Phnom Penh. Realestate.com.kh describes the company as a Cambodia-based developer backed by investors from Singapore and Hong Kong, but the reviewed public materials do not identify the ultimate joint-venture partners or provide a detailed corporate ownership structure. A buyer can inspect the completed asset itself, while the developer's ownership, authority and contracting chain still need document-level verification.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
JV Parc Residence Co., Ltd has a public record centred almost entirely on one development: Parc 21 Residence in Phnom Penh. Realestate.com.kh describes the company as a Cambodia-based developer backed by investors from Singapore and Hong Kong, but the reviewed public materials do not identify the ultimate joint-venture partners or provide a detailed corporate ownership structure. A buyer can inspect the completed asset itself, while the developer's ownership, authority and contracting chain still need document-level verification.
Track record
Parc 21 Residence was delivered: the Council on Vertical Urbanism records the building as completed, while project and Realestate.com.kh materials document a grand opening on 9 December 2022. The opening coverage states 128 residential units, and the building had already topped out by September 2021. No broader JV Parc Residence portfolio was found in reliable public sources, so the completed building is meaningful evidence of execution but not a multi-project track record.
Segments and prices
The developer's documented segment is an urban condominium ranging from studios and one- and two-bedroom units to penthouses. The current Parc 21 Residence website gives roughly 37–78 sq m for the main unit types, while grand-opening coverage also refers to larger penthouses of up to 211 sq m. No consistent current developer price list was found in the reviewed sources; project stock and resale listings coexist, so pricing should be assessed for the exact unit, title, floor, fit-out and seller terms.
Geography
Parc 21 Residence is in Boeung Trabek, Chamkarmon, Phnom Penh. The Council on Vertical Urbanism lists Street 101, while the project's current website gives #135 Street 440; this may reflect different building access or mapping references, but the contractual and title address should still be reconciled. No other verified JV Parc Residence development locations were found in the reviewed public record.
Reliability and public record
The strongest verifiable evidence is the physically completed Parc 21 Residence and its publicly documented December 2022 opening. Public sources do, however, disagree on technical details: the current project website says 21 floors, 128 units and completion in June 2022, while the Council on Vertical Urbanism records 22 above-ground floors and 132 apartments, and opening coverage states 128 units with residents welcomed in December. These discrepancies are not proof of a problem, but they are a reason to verify the approved building data, occupancy documentation and registered unit schedule from primary records.
What to verify
For a Parc 21 Residence purchase, confirm that the seller named in the sale agreement has authority over the exact unit and independently verify that unit's co-ownership title. A foreign buyer should also confirm that the unit is above the prohibited ground-level floors and that the building remains within Cambodia's statutory foreign-ownership ceiling of 70% of the total surface area of private units. The project's marketing reference to “100% foreign ownership” should not be read as overriding that building-level cap; it may simply mean an eligible unit can be registered entirely in a foreign buyer's own name. If the purchase relies on the advertised return of up to 21% over three years, obtain the actual programme contract and check the payer, term, termination clauses and security because the headline rate is not, by itself, evidence that the return will be paid.
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.
Photos: IPS Cambodia and the official Parc 21 Residence websiteParc 21 Residence
Frequently asked questions
Has JV Parc Residence delivered a completed project?
Yes. Parc 21 Residence in Phnom Penh is completed and held its resident-facing grand opening on 9 December 2022. It is the only project confidently verified for the company in the reviewed sources, so it should not be presented as a broad multi-development portfolio.
How many units and floors does Parc 21 Residence have?
The most consistently reported unit count is 128, stated by the project website and grand-opening coverage. Floor and apartment counts are not fully consistent across sources: the current project site says 21 floors, while the Council on Vertical Urbanism records 22 above-ground floors and 132 apartments. Transaction due diligence should rely on the approved plans and registered unit schedule.
Can a foreign buyer register a Parc 21 Residence unit in their own name?
Cambodian law permits qualifying foreigners to own private units in co-owned buildings above the ground level, subject to a foreign-ownership ceiling of 70% of the total surface area of private units in the building. Eligibility therefore needs to be confirmed for the exact unit at the time of transfer.
Does JV Parc Residence guarantee a 21% return?
The current project website advertises a programme offering up to 21% over three years, but a marketing page is not the same as an enforceable payment obligation. Before using that figure in an investment model, review the actual contract, identify the paying entity and check any unit, timing or eligibility restrictions.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- Parc 21 Residence · Parc 21 Residence — current project data, 128 units, unit types and advertised return programme · 27.08.2026
- Council on Vertical Urbanism / The Skyscraper Center · Parc 21 Residence — building record, floor count, status and listed developer · 27.08.2026
- Realestate.com.kh · Parc 21 Residence grand opening — opening date, 128 units and unit mix · 27.08.2026
- Realestate.com.kh · JV Parc Residence Co., Ltd profile — stated backing by Singapore and Hong Kong investors · 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 ceiling — 70% of total private-unit surface area · 27.08.2026