NovNURI D&C Co., Ltd.
NURI D&C is a Korean-origin developer and construction company that was active in Phnom Penh from at least 2004 and became best known for the De Castle condominium line. Its public record is stronger than that of many small Cambodian developers: contemporary construction-industry coverage, the operating De Castle Royal website and independent references to completed buildings remain available. We did not verify a current Cambodian commercial-registry extract in the open sources reviewed, so the present legal status of the company and the authority of any seller should be checked from transaction documents rather than assumed from the brand name.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
NURI D&C is a Korean-origin developer and construction company that was active in Phnom Penh from at least 2004 and became best known for the De Castle condominium line. Its public record is stronger than that of many small Cambodian developers: contemporary construction-industry coverage, the operating De Castle Royal website and independent references to completed buildings remain available. We did not verify a current Cambodian commercial-registry extract in the open sources reviewed, so the present legal status of the company and the authority of any seller should be checked from transaction documents rather than assumed from the brand name.
Track record
By 2014, Construction & Property magazine linked NURI D&C to four Phnom Penh residential schemes: De Castle TK-24, De Castle TK-83, Noblesse Residence and De Castle Royal. De Castle Royal in BKK1 has the clearest documentary trail: the building's official site records 414 units, construction completion on 30 June 2014 and opening on 28 July 2014. The project also had a material delay history. Construction began in 2008, stopped repeatedly, and Canadia Bank provided a US$28 million facility to NURI D&C in late 2012 to restart the works. The building was ultimately completed, and De Castle Royal was Highly Commended in the central Phnom Penh condominium category at the 2016 Cambodia Property Awards.
Segments and prices
NURI D&C's verifiable product history is concentrated in upper-segment urban condominiums. De Castle Royal ranges from one-bedroom apartments to penthouses, with the official building site giving floor areas of roughly 89.5 to 705.1 sq m. Launch-era asking prices and return promotions are no longer a reliable guide for buyers: the building has been completed for years and units now trade partly on the resale market. We did not find a current primary-sales price list published by NURI D&C for a new development.
Geography
The verified development footprint is concentrated in Phnom Penh. De Castle Royal is in BKK1, while the earlier De Castle TK-24, De Castle TK-83 and Noblesse Residence are associated with the Tuol Kork area. We did not find reliable evidence of NURI D&C developments in other Cambodian cities in the sources reviewed.
Reliability and public record
NURI D&C has one useful due-diligence advantage: several completed buildings can be physically identified and have operated for years, while De Castle Royal has a detailed independent record covering construction and completion. Royal's history also shows why an established brand should not be equated with zero execution risk: the project experienced prolonged stoppages and needed substantial bank financing before completion. Current corporate transparency is more limited. Dun & Bradstreet still lists NURI D N C CO. LTD. in Phnom Penh, but that is not a substitute for a fresh Ministry of Commerce extract. For a buyer today, transaction quality therefore depends more on the unit title, the identity and authority of the seller, registered encumbrances and the condition of the operating building than on the developer name alone.
What to verify
For a purchase in a completed De Castle building, first establish who is selling the apartment today: NURI D&C, a related entity or a private resale owner. Obtain the individual ownership certificate for the selected unit, check registered mortgages and other encumbrances, verify the seller's authority, confirm any outstanding common charges and review the building's management rules. A foreign buyer should also confirm that the unit is in a properly registered co-owned building and sits above the ground level; Cambodian rules cap aggregate foreign ownership at 70% of the total private-unit floor area in the building. In an older condominium, the physical condition of common areas, the effectiveness of management and potential major repair costs are now more relevant than the developer's original marketing package.
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 De Castle Royal websiteFrequently asked questions
Which NURI D&C projects can be verified in Phnom Penh?
A 2014 Construction & Property report links the company to De Castle TK-24, De Castle TK-83, Noblesse Residence and De Castle Royal. De Castle Royal has the strongest supporting record: its official building site confirms 414 units and construction completion in June 2014. This should not be treated as a complete lifetime portfolio; it is the set we could trace with confidence in public sources.
Did De Castle Royal experience construction delays?
Yes. Construction & Property reported that the project, launched in 2008, stopped repeatedly amid financing difficulties. Canadia Bank provided NURI D&C with a US$28 million facility in late 2012 to restart construction. The later outcome also matters: the building's official site records completion on 30 June 2014 and opening on 28 July 2014.
Can a foreign buyer own a De Castle condominium unit?
Cambodian law allows qualifying foreigners to own eligible private units in registered co-owned buildings above the ground level, subject to a 70% cap on the total private-unit floor area held by foreigners. That general rule does not establish the eligibility of a specific apartment. The unit title, building registration and remaining foreign quota should be verified for the chosen property at the actual transfer date.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- De Castle Royal · De Castle Royal — building specifications, 414 units and construction completion date · 27.08.2026
- Construction & Property Magazine · Foreign Developer Prospers in Cambodia — NURI D&C history and four De Castle projects · 27.08.2026
- Construction & Property Magazine · De Castle Royal’s Construction Resumes — construction stoppages and Canadia Bank financing · 27.08.2026
- Asia Property Awards · Cambodia Property Awards 2016 — De Castle Royal recognised in the central condominium category · 27.08.2026
- Dun & Bradstreet · NURI D N C CO. LTD. — public Phnom Penh company profile · 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
- Council for the Development of Cambodia · Handbook on Investing in Cambodia — foreign ownership and the 70% quota · 27.08.2026