NovSH Development Co., Ltd
A public profile on Realestate.com.kh describes SH Development Co., Ltd. as a local Cambodian developer operating since 2009 and focused mainly on housing for middle-income buyers. The same profile attributes Kob Srov Flathouse and SH Condo in Phnom Penh to the company and identifies The Vincent Condo in Sihanoukville as a later project. We did not find a standalone official company website or an independently accessible corporate-registry record in the sources reviewed, so buyers should verify the exact legal entity in the sale contract and government registry rather than relying on the brand name alone.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
A public profile on Realestate.com.kh describes SH Development Co., Ltd. as a local Cambodian developer operating since 2009 and focused mainly on housing for middle-income buyers. The same profile attributes Kob Srov Flathouse and SH Condo in Phnom Penh to the company and identifies The Vincent Condo in Sihanoukville as a later project. We did not find a standalone official company website or an independently accessible corporate-registry record in the sources reviewed, so buyers should verify the exact legal entity in the sale contract and government registry rather than relying on the brand name alone.
Track record
SH Condo on Phnom Penh's Chroy Changvar peninsula is the project most consistently linked to SH Development. Several property databases describe it as a 28-storey building with 283 units, although reported completion dates differ between January 2019 and 2021. The Vincent Condo presents a larger conflict: the developer profile on Realestate.com.kh places it in Sihanoukville, separate project databases describe a 27-storey, 224-unit scheme there, while other current listings use the name The Vincent Condo for SH Condo in Phnom Penh and give the 28-storey, 283-unit specifications. Those records should not be merged into a single project history without primary project documents.
Segments and prices
SH Development's public positioning is associated with middle-market housing. Listings for SH Condo show smaller units of about 33 sq m at roughly US$50,000–53,000, while Sihanoukville listings for The Vincent Condo have advertised entry prices around US$45,500. These are listing and project-database figures, not a verified developer price list as of 27 August 2026; a buyer should obtain the current unit-specific price, all mandatory charges and the building-management terms before relying on them.
Geography
The company's public geography needs to be split into at least two distinct data sets. SH Condo is consistently tied to Chroy Changvar in Phnom Penh. The SH Development profile and separate project databases place The Vincent Condo in Sihanoukville, in Sangkat Bei, but some newer listings call a Chroy Changvar property The Vincent Condo while effectively describing SH Condo. For any unit, the address, cadastral parcel, construction permit and project name in the contract should therefore be cross-checked against one another rather than taken from a single aggregator page.
Reliability and public record
SH Development has a verifiable public trail of residential projects that are described as completed or operating, so the brand is not supported by a single isolated listing. At the same time, the open-source record is weaker than would be desirable for legal due diligence: we did not locate an official corporate source, and project names, locations and completion dates conflict across property platforms. That does not by itself establish a problem with the developer, but it means reliability should not be inferred from directory profiles; a specific transaction requires primary company and project documents.
What to verify
First, confirm the full registered names of the seller and developer in the sale contract and match them against Cambodia's Ministry of Commerce registry. For SH Condo or any unit marketed as The Vincent Condo, request the land documents, construction permit, completion or occupancy documentation, exact address and official project name; this is particularly important because public records conflict between Phnom Penh and Sihanoukville. A foreign condominium buyer should separately verify the unit's strata title, that it is above the ground floor and that foreign-ownership quota remains available in the specific building. The payment recipient, its relationship to the contracting party, refund terms, management arrangements and title-transfer process should also be documented.
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.
The Vincent Condo
Frequently asked questions
Is The Vincent Condo in Phnom Penh or Sihanoukville?
Public sources conflict. The SH Development profile on Realestate.com.kh and separate project databases place The Vincent Condo in Sihanoukville, while some newer listings use that name for a Chroy Changvar property in Phnom Penh and reproduce SH Condo specifications. NovAsia therefore does not merge these records; the location of a specific unit should be verified from the contract, cadastral information and project documents.
Does SH Development have a completed project?
Yes. Multiple independent property databases describe SH Condo in Chroy Changvar as a completed 28-storey, 283-unit project. They disagree on the exact completion date, however, so a buyer assessing delivery history should rely on building documentation and actual title records rather than a single database date.
Can a foreign buyer own a condominium unit in such a project?
Cambodian law allows foreign ownership of private units in co-owned buildings subject to conditions: the unit must be above the ground floor, have the appropriate strata title, and foreign ownership may not exceed 70% of the total private-unit floor area. This is the general legal framework; title status and remaining quota must still be verified for the specific unit.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- Realestate.com.kh · SH Development Co., Ltd. profile — company history and attributed projects · 27.08.2026
- Realestate.com.kh · SH Condo — unit specifications and stated completion year · 27.08.2026
- Asia.Villas · SH Condo in Chroy Changvar — 28 floors, 283 units and an alternative completion date · 27.08.2026
- FazWaz Cambodia · The Vincent Condo in Sihanoukville — project profile · 27.08.2026
- HomeAbroad Cambodia · The Vincent Condo — conflicting profile placing the name in Chroy Changvar · 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