NovNew Moment Real Estate Development Co., Ltd.
New Moment Real Estate Development Co., Ltd. is publicly traceable mainly through ONE 70 in Phnom Penh. The company appears under that name in a Cambodian construction-business register published in 2019, and independent market reports later identify it as the developer of ONE 70. We did not find a well-documented multi-project portfolio, so buyers have more to gain from verifying the specific building, title and contracting entity than from relying on brand history.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
New Moment Real Estate Development Co., Ltd. is publicly traceable mainly through ONE 70 in Phnom Penh. The company appears under that name in a Cambodian construction-business register published in 2019, and independent market reports later identify it as the developer of ONE 70. We did not find a well-documented multi-project portfolio, so buyers have more to gain from verifying the specific building, title and contracting entity than from relying on brand history.
Track record
The clearest documented track record is ONE 70 in Daun Penh. Knight Frank reported that the project launched in Q2 2022 with 37 floors, 793 units and a height of about 127 metres, with construction then estimated at roughly 80% complete. A 2023 Phnom Penh market report also attributed the 793-unit scheme to New Moment Real Estate Development. Later property platforms describe the building as completed, but published completion dates differ between late 2023 and Q4 2024. For a buyer, the useful evidence is therefore the building's present condition, unit-level title documentation and formal completion records rather than a single advertised handover date.
Segments and prices
Public evidence supports only one clear product segment: urban high-rise condominiums. Knight Frank classified ONE 70 as a mid-tier Phnom Penh project and reported asking prices from about US$1,400 per square metre in 2022. More recent completed-unit and resale listings show different price points, so the launch figure should not be treated as a current quote. With only one well-documented development, there is not enough evidence to describe a broader company-wide pricing strategy.
Geography
The company's verified development activity is concentrated in Phnom Penh. ONE 70 is on Street 70 in Daun Penh, close to the capital's central districts. We did not find additional New Moment Real Estate Development projects that could be independently confirmed across multiple public sources.
Reliability and public record
There are two useful pieces of independent evidence: the company name appears in a 2019 government construction-business list, and ONE 70 is documented by professional market reports. The limitation is equally important: the public track record appears to be essentially one project, while current corporate and financial disclosure is thin. A historical registry entry does not establish today's licence status or financial position, so both need fresh verification for a transaction.
What to verify
For ONE 70, first confirm the exact legal entity named as seller and developer in the sale agreement and whether it matches the company identified in market sources. Request current corporate and project approvals, evidence of building completion, and unit-specific title documentation. A foreign buyer should also verify that the chosen unit is above the ground floor and remains within the statutory foreign-ownership quota; project-level marketing is not proof of unit eligibility. Because the building is now marketed as completed, also check service-charge arrears, actual management performance, common-area condition and the bank account receiving the purchase funds.
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: Rumavi project page; the original CAM Realty watermark is retainedFrequently asked questions
Does New Moment Real Estate Development have a large verified portfolio?
There is not enough public evidence to say so. ONE 70 in Phnom Penh is clearly documented, while we did not find additional developments that could be independently tied to the company. That makes project-level and transaction-level due diligence more important than a broad brand reputation.
What is independently documented about ONE 70?
Professional market reports attribute the development to New Moment Real Estate Development and consistently describe a 37-storey, 793-unit scheme in Daun Penh. Sources agree on the project's scale but differ on the exact completion date, so a purchase decision should rely on building records and physical inspection.
Can a foreign buyer own a unit in the project?
Cambodian law allows qualifying foreigners to own private units in co-owned buildings above the ground floor, subject to a 70% cap on the aggregate area of private units held by foreigners. That is a general legal framework, not proof that a specific ONE 70 unit is eligible, so the unit title and remaining foreign quota should be checked before payment.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- Ministry of Land Management, Urban Planning and Construction / Open Development Cambodia mirror · Cambodia registered construction-business list — New Moment Real Estate Development Co., Ltd. entry, June 2019 · 27.08.2026
- Knight Frank Cambodia · Cambodia Real Estate Highlights H1 2022 — ONE 70 launch and project specifications · 27.08.2026
- CBRE Cambodia / MAFF e-Library copy · Phnom Penh Real Estate Market Report 2023 — ONE 70 among condominium projects under development · 27.08.2026
- Riel Property · ONE 70 — current completed-project and resale listing · 27.08.2026
- Council for the Development of Cambodia · Cambodia Law on Providing Foreigners with Ownership Rights in Private Units of Co-Owned Buildings · 27.08.2026