NovTang Chen Investment Co., Ltd.
Tang Chen Investment Co., Ltd.'s public Cambodian record is centred on Platinum Bay, a 32-storey condominium on Street 282 in central Phnom Penh. A 2013 Phnom Penh Post report preserved in a local archive quoted general manager Zhang Dong Yang and described Platinum Bay as the company's first investment project in Cambodia; Knight Frank's current project profile also directly identifies Tang Chen Investment Co as the developer. Public disclosure on the company's current ownership structure, financial history and active corporate website is limited, so the profile is better assessed through the verified Phnom Penh asset rather than older claims about wider international experience.
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Overview
Tang Chen Investment Co., Ltd.'s public Cambodian record is centred on Platinum Bay, a 32-storey condominium on Street 282 in central Phnom Penh. A 2013 Phnom Penh Post report preserved in a local archive quoted general manager Zhang Dong Yang and described Platinum Bay as the company's first investment project in Cambodia; Knight Frank's current project profile also directly identifies Tang Chen Investment Co as the developer. Public disclosure on the company's current ownership structure, financial history and active corporate website is limited, so the profile is better assessed through the verified Phnom Penh asset rather than older claims about wider international experience.
Track record
Platinum Bay was announced in 2013 and was initially expected to finish by the end of 2015, but the building actually opened in spring 2017. Knight Frank now records a Q3 2014 launch and Q1 2017 completion. Public sources even disagree on the number of apartments: the 2013 report cited 144 units, the 2017 opening report cited 222, and Knight Frank's current profile lists 174. A single definitive figure should therefore not be asserted without the building's approved documentation. No second completed Cambodian development by Tang Chen Investment was reliably confirmed in the sources reviewed.
Segments and prices
Platinum Bay now operates as a completed urban condominium with several unit sizes. Knight Frank describes two-bedroom layouts of about 88.6 sq m and three-bedroom units of roughly 109–118 sq m, with an indicative sale rate around US$2,200 per sq m. Realestate.com.kh has listed a one-bedroom unit of roughly 41–42 sq m at US$111,800 and a two-bedroom 88.63 sq m unit at US$235,000; a current one-bedroom rental listing for 44 sq m shows US$500 per month. These are individual asking prices and market references rather than a current developer price list, so the seller, documented floor area, level, furnishing, condition and outstanding management charges should be checked for the exact apartment.
Geography
Tang Chen Investment's verified Cambodian development footprint is limited to Phnom Penh. Platinum Bay is on Street 282 in the Boeung Keng Kang area; public platforms differ on whether they label the immediate administrative location BKK1 or BKK2, so transaction documents should rely on the cadastral address and title rather than the marketing district name. A 2013 statement that the company intended to develop another office tower of more than 40 storeys in Phnom Penh could not be verified as a completed Tang Chen Investment project.
Reliability and public record
The company's strongest verifiable result is the physically completed Platinum Bay, which has operated for years and remains active in both sale and rental markets. That is materially stronger evidence than a developer history based only on marketing materials. At the same time, the project finished later than originally announced, while public sources disagree materially on the apartment count and some building details. Corporate disclosure on Tang Chen Investment after completion is also limited. For a buyer, the strength of the profile is therefore the existing asset; the weakness is the thin corporate and project disclosure that must be resolved through unit-level documentation.
What to verify
For a purchase at Platinum Bay, first obtain the ownership certificate for the exact apartment and match the registered owner to the contractual seller. The title terminology deserves particular attention: some Realestate.com.kh listings label units as carrying 'Hard Title', but direct foreign condominium ownership requires verification of the individual strata title and the building's formal co-owned-building registration rather than reliance on a listing label. Mortgages, attachments and other encumbrances, the title-recorded floor area, outstanding service charges and building-management rules should also be checked. Because public sources disagree on the total unit count, requesting the approved building plan and register of private units is sensible. A foreign buyer must confirm that the apartment is above the ground level permitted for foreign ownership and that foreign quota remains available, as aggregate foreign ownership is capped at 70% of the private-unit floor area.
Projects in the NovAsia catalogue
These are the projects currently shown in the NovAsia catalogue; the list is not a complete corporate portfolio.
renderRender: archived project material published in 2017Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- Knight Frank Cambodia · Platinum Bay — developer, 32 storeys, 174 units, layouts, completion and pricing references · 27.08.2026
- Khmer Sahrika / Phnom Penh Post · 2013 Phnom Penh Post report — Platinum Bay launch, Tang Chen Investment and initial project parameters · 27.08.2026
- JINS Global Biz / Phnom Penh Post · 2017 Platinum Bay opening report — actual opening timing and reported 222 units · 27.08.2026
- Realestate.com.kh · Platinum Bay — 88.63 sq m two-bedroom listing at US$235,000 and listing title description · 27.08.2026
- Realestate.com.kh · Platinum Bay — current one-bedroom rental listing · 27.08.2026
- Council for the Development of Cambodia · Cambodian land law — foreign-ownership restrictions · 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