NovLDST Development (Cambodia) Co., Ltd.
LDST Development (Cambodia) Co., Ltd. operates in Phnom Penh across development, construction and property management, with its public track record centred mainly on the TV Tower residential brand. The company emphasises Japanese and Cambodian engineering involvement and a Japanese-led construction approach; those points come primarily from LDST’s own materials, so buyers should verify the actual specifications and supervision arrangements for the unit or project they are considering.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
LDST Development (Cambodia) Co., Ltd. operates in Phnom Penh across development, construction and property management, with its public track record centred mainly on the TV Tower residential brand. The company emphasises Japanese and Cambodian engineering involvement and a Japanese-led construction approach; those points come primarily from LDST’s own materials, so buyers should verify the actual specifications and supervision arrangements for the unit or project they are considering.
Track record
TV Tower 1 in Russey Keo is the clearest publicly verifiable delivery associated with LDST. Independent project databases describe 253 units across 31 storeys, and current listings show active sale and rental inventory in the building. Completion timing is not fully consistent across sources: some databases date completion to 2023, while LDST’s own 20 January 2025 update says the building infrastructure was completed in mid-2024 and residential fit-out was about 96.5% complete by late 2024. Buyers should therefore confirm the legal completion and handover date from project documents rather than relying on a single marketing date. LDST continues to present a second tower as a separate project, but independent public evidence on its current delivery status is much thinner.
Segments and prices
Public inventory is concentrated in urban high-rise condominium units. A current Rumavi listing shows a roughly 49 sqm one-bedroom unit at about US$113,672, while Realestate.com.kh carries a two-bedroom rental offer in the US$700–1,200 per month range. These are listing-level figures, not a verified developer price sheet, so a buyer should request the current unit schedule, total purchase price, fees and payment terms before comparing the project with alternatives.
Geography
LDST’s publicly verifiable activity is concentrated in Phnom Penh. Its official site places the company office and TV Tower site in Russey Keo, Kroal Kor Village, Sangkat Kilometre 6. We did not find reliable open-source evidence of completed LDST residential developments in other Cambodian cities.
Reliability and public record
For a buyer, the strongest positive signal is that LDST is associated with an operating building that has current sale and rental activity rather than only a pre-launch concept. The limitation is a relatively short independently verifiable development history and inconsistencies between public sources on floor count and completion timing for the first tower. LDST states that it is registered with Cambodia’s Ministry of Commerce and holds a construction licence from the Ministry of Land Management, Urban Planning and Construction, but we did not independently retrieve a current registry extract or licence number from accessible public sources. Japan-based LDS Group also lists LDST Development Cambodia and Meas Vichet in its corporate information, which helps cross-check the company’s public identity but does not by itself guarantee performance under a specific sale contract.
What to verify
Before buying, obtain a current company extract for LDST and confirm the exact legal entity named as seller and developer in the sale and purchase agreement. For the specific unit, review the underlying land and building documents, strata-title status, unit number and area, and — for a foreign buyer — eligibility of that floor and remaining foreign-ownership quota. Cambodian law permits qualifying foreigners to own private units above the ground floor in co-owned buildings, subject to a 70% cap on the aggregate private-unit floor area held by foreigners. Also verify specific to the project permits and actual construction status, the payment schedule and beneficiary account, refund provisions for delay, handover documentation, defect warranty, management charges and rental rules. These checks matter even more if the purchase is in a later tower rather than the already operating TV Tower 1.
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.
Photo: official TV Tower / LDST Development materialsFrequently asked questions
Who is behind LDST Development Cambodia?
LDST’s official site identifies Meas Vichet as founder and CEO and presents a team of Cambodian and Japanese specialists. Japan-based LDS Group separately lists LDST Development Cambodia and Meas Vichet in its corporate information. For a purchase, however, the relevant question is still which legal entity signs the contract and receives the buyer’s money.
Does LDST have a completed project?
TV Tower 1 appears in current sources as an operating property with active sale and rental inventory. Public sources do not use the same completion date: independent databases point to 2023, while LDST reported infrastructure completion in mid-2024 and near-complete residential fit-out by late 2024. For a transaction, request the formal completion, handover and title documents for the specific unit.
Can a foreigner own an LDST condominium unit?
Yes, provided the specific apartment qualifies as a private unit in a co-owned building, is above the ground floor and the building’s foreign-ownership quota remains available. Cambodian rules cap foreign ownership at 70% of the aggregate private-unit floor area. A unit being marketed for sale does not by itself prove that it can be registered to a foreign buyer, so the strata title and quota should be confirmed before payment.
What price level does LDST target?
Public listings place LDST in Phnom Penh’s urban condominium market; for example, a roughly 49 sqm one-bedroom unit is currently advertised at about US$113,672. Actual pricing depends on the unit, floor, view, condition and deal terms, and a portal listing should not be treated as the developer’s official price sheet.
What is known about the next TV Tower building?
LDST continues to present TV Tower 2 on its website, but independent and sufficiently current evidence on construction stage and handover timing is much thinner than for the first tower. A buyer in a later-phase building should therefore obtain the permits, land-right documentation, current construction evidence, payment structure and contractual delay remedies directly.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- LDST Development (Cambodia) Co., Ltd. · LDST official About page — legal name, leadership, team and TV Tower description · 27.08.2026
- LDST Development (Cambodia) Co., Ltd. · LDST Services — company statement on registration and construction licence · 27.08.2026
- TV Tower / LDST Development · TV Tower 1 construction progress — infrastructure completion and fit-out progress statement · 27.08.2026
- Rumavi · TV Tower 1 profile — storeys, unit count, current inventory and developer information · 27.08.2026
- Realestate.com.kh · Current TV Tower Condominium listing — rent, amenities and completed-project status · 27.08.2026
- LDS Group Corp. · LDS Group corporate page — LDST Development Cambodia, Meas Vichet and Phnom Penh office listing · 27.08.2026
- Council for the Development of Cambodia / Royal Government of Cambodia · Cambodian Law on Providing Foreigners with Ownership Rights in Private Units of Co-Owned Buildings — core ownership rules · 27.08.2026
- DFDL · Legal commentary on the 70% foreign-ownership cap in Cambodian co-owned buildings · 27.08.2026
- FazWaz Cambodia · TV Tower 1 Condominium profile — 253 units, 31 floors and current sale listing · 27.08.2026