NovSiha Property Co., Ltd
Siha Property’s public development record is centred on Siha Residence, a gated villa community in southern Phnom Penh along Hun Sen Boulevard. The scheme launched in May 2022, and Knight Frank recorded its 37 villas among the landed-housing completions of Q1 2023. That gives buyers a verifiable completed project to inspect, although public evidence of a broader multi-project residential portfolio remains limited.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
Siha Property’s public development record is centred on Siha Residence, a gated villa community in southern Phnom Penh along Hun Sen Boulevard. The scheme launched in May 2022, and Knight Frank recorded its 37 villas among the landed-housing completions of Q1 2023. That gives buyers a verifiable completed project to inspect, although public evidence of a broader multi-project residential portfolio remains limited.
Track record
At the 2022 launch of Siha Residence, managing director Ong Hock Keat said the group had first invested in Cambodia in 2018 through hospitality in Sihanoukville. In residential development, the clearest documented record is Siha Residence: PropertyGuru described it as the company’s first luxury housing project in Phnom Penh, while Knight Frank logged the development as completed in Q1 2023. PropertyGuru also named Siha Property Best Boutique Developer in 2023 and recognised Siha Residence across several housing and design categories.
Segments and prices
Siha Residence sits in the high-end landed-housing segment. Knight Frank described a 37-villa gated community with building footprints of roughly 232–560 sq m and developer asking prices of about US$1.6 million to US$3.8 million in H1 2023. Those figures are a dated market reference, not a current price list, so any purchase should be checked against the specific villa, inclusions and contract offered today.
Geography
The company’s documented residential project is in southern Phnom Penh along Hun Sen Boulevard, also known as Street 60m. This places Siha Property in the capital’s suburban landed-housing market rather than the central condominium segment. For a specific villa, practical access, surrounding development and nearby services matter more than a broad Phnom Penh location label alone.
Reliability and public record
Siha Property has better independent visibility than many small one-project developers: Knight Frank documented completion of Siha Residence, and PropertyGuru’s award archive confirms recognition of both the developer and the project in 2023. Awards, however, are not a substitute for transaction due diligence, and public evidence of multiple completed residential schemes under the brand is limited. The decisive checks remain the contracting entity, land title, payment terms and the completed property itself.
What to verify
The key issue at Siha Residence is that a detached villa with land is not governed by the same foreign-ownership framework as a strata condominium unit. Cambodia’s Constitution restricts direct land ownership to Khmer nationals or Khmer legal entities, so a foreign buyer should verify the exact seller and developer named in the contract, the land title and parcel attached to the villa, and the compliant ownership or long-term-use structure being offered. If the structure relies on a long-term lease, its registration, term, renewal, transfer and succession provisions should be reviewed before funds are committed.
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: CAM Realty, Siha Residence villa listingFrequently asked questions
Does Siha Property have a verifiable completed residential project?
Yes. Knight Frank listed the 37-villa Siha Residence among Phnom Penh landed-housing completions in Q1 2023. Public sources do not provide the same clarity on a large portfolio of other delivered residential schemes, so the developer should be assessed on documented projects rather than assumed brand scale.
Can a foreign buyer own a Siha Residence villa and its land directly?
Not the land directly. Cambodian law reserves land ownership for Khmer nationals and qualifying Khmer legal entities. A foreign purchaser therefore needs a compliant structure for the specific villa, and the 70% foreign quota used for eligible strata units in co-owned buildings does not by itself solve the land-ownership issue for a detached house.
Are the US$1.6–3.8 million prices current?
Not necessarily. The range comes from Knight Frank’s H1 2023 report and reflects developer asking prices at that time. A current transaction should be based on the specific villa’s present price, inclusions, taxes and fees, payment schedule and any negotiated discount shown in the current offer and contract.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- Knight Frank · Knight Frank — Cambodia Real Estate Highlights H1 2023: completion of 37 Siha Residence villas, segment, sizes and asking prices · 27.08.2026
- PropertyGuru Asia Property Awards · PropertyGuru Asia Property Awards — Cambodia 2023 archive: awards for Siha Property and Siha Residence · 27.08.2026
- PropertyGuru Asia Property Awards · PropertyGuru Asia Property Awards — Siha Residence project spotlight: May 2022 launch, product type and project description · 27.08.2026
- Fresh News · Fresh News — May 2022 opening of Siha Gallery and Siha Residence; managing director’s statements on the group’s investment history · 27.08.2026
- Council for the Development of Cambodia · Council for the Development of Cambodia — Land: restriction on direct foreign ownership of land · 27.08.2026