NovThaanJaya Properties Co., Ltd.
ThaanJaya Properties Co., Ltd.'s public real-estate footprint in Phnom Penh is concentrated around Chulassa Estate, a gated landed-housing development in Chroy Changvar, together with the related Chulassa Park commercial component. The company's official website presents both as parts of the same broader concept, while Knight Frank separately recorded the launch of Borey Chulassa in H2 2024. For a buyer, the company is therefore better assessed through Chulassa's documents and actual construction progress than through a long portfolio: we did not find a verified record of multiple completed residential developments under ThaanJaya.
A company name is not a recommendation. Check the project company, contract and selected unit before reservation.
Overview
ThaanJaya Properties Co., Ltd.'s public real-estate footprint in Phnom Penh is concentrated around Chulassa Estate, a gated landed-housing development in Chroy Changvar, together with the related Chulassa Park commercial component. The company's official website presents both as parts of the same broader concept, while Knight Frank separately recorded the launch of Borey Chulassa in H2 2024. For a buyer, the company is therefore better assessed through Chulassa's documents and actual construction progress than through a long portfolio: we did not find a verified record of multiple completed residential developments under ThaanJaya.
Track record
Chulassa Estate is the principal residential development we could verify under ThaanJaya Properties. The company was publicly presenting the scheme in detail by 2023, and Knight Frank classified Borey Chulassa among the new high-end landed projects launched in H2 2024. In September 2024, Cambodian outlet Sabay also described ThaanJaya as the company behind the Chulassa project and confirmed its Road 6A location in Prek Leap. We did not find a separately verified list of earlier completed residential developments or a public notice confirming full handover of Chulassa Estate as of 27 August 2026.
Segments and prices
Chulassa Estate sits in the high-end landed-housing segment. The official project page presents five house formats — Chulassa Villa Classic, Chulassa Villa Luxury, The Manor, The Grange and The Estate — with four or five bedrooms, four to seven bathrooms and multiple parking spaces depending on the type. We did not find a current official public price list, so pricing should be obtained for the specific house together with the land-plot size, specification, construction stage and payment schedule.
Geography
The verified development footprint is in Phnom Penh's Chroy Changvar area. Chulassa Estate and Chulassa Park are located along Road 6A near the second bridge in Prek Leap; the official website provides the sales-gallery coordinates and describes the site as roughly 12 km from the city centre. Local outlet Sabay independently confirms the same National Road 6A location between the Mekong and Tonle Sap river corridors.
Reliability and public record
ThaanJaya has an active official website, a physical sales gallery and a development that appears in Knight Frank's independent Phnom Penh landed-housing research. That supports the company's genuine market presence and the existence of Chulassa Estate, but it does not provide a long delivery history: the verified public track record is still largely centred on one major residential project. We also did not find recent independent confirmation of full project completion or broad handover as of 27 August 2026. Due diligence should therefore focus on the actual stage of the specific house, permits, land documents and contract terms rather than marketing claims about quality or future value.
What to verify
For a Chulassa Estate purchase, first match the full legal seller named in the contract with ThaanJaya Properties Co., Ltd., the registered landowner and the beneficiary of each payment. Because the product is landed housing, a foreign buyer should pay particular attention to the land-title number and type, parcel boundaries, encumbrances and the lawful structure through which rights to the house and use of the land are granted: foreigners cannot directly own land in Cambodia, and nominee arrangements should not substitute for a legally verifiable structure. Also obtain the construction permits, confirm the actual readiness of the selected house, review the contractual handover date and delay remedies, and distinguish facilities already delivered from those that remain part of the Chulassa Estate and Chulassa Park concept.
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.
renderRenders: official Chulassa Estate / ThaanJaya Properties materialsFrequently asked questions
Which ThaanJaya Properties project is independently verified?
The main independently verified development is Chulassa Estate, which Knight Frank refers to as Borey Chulassa and records among the new high-end villa projects launched in H2 2024. Cambodian outlet Sabay also links the project to ThaanJaya and confirms its Prek Leap, Chroy Changvar location. Chulassa Park is presented by the company as the commercial component of the same location.
Does ThaanJaya have a long record of completed developments?
We did not verify such a record in public sources. The company's public profile is mainly tied to Chulassa Estate and Chulassa Park, while Knight Frank's independent market research records Borey Chulassa as a launch in H2 2024. This does not prove that the company has no other experience, but buyers should not attribute unverified completed projects to it.
Can a foreign buyer directly own a Chulassa Estate villa together with the land?
No. A foreign national cannot directly own land in Cambodia. A specific villa therefore requires a separate review of the land title and the lawful structure governing the buyer's rights to the house and land, including any long-term lease terms if that structure is used. Marketing a house as available for purchase does not mean the land can be registered in a foreign buyer's own name.
Sources
Sources are named for independent checking. NovAsia does not publish outbound links.
- ThaanJaya Properties Co., Ltd. · Chulassa Estate — official project profile, villa types and location · 27.08.2026
- ThaanJaya Properties Co., Ltd. · ThaanJaya projects — Chulassa Estate and Chulassa Park · 27.08.2026
- Knight Frank · Cambodia Real Estate Highlights H2 2024 — Borey Chulassa launch · 27.08.2026
- Sabay News · Chulassa Estate — local confirmation of the project and Prek Leap location · 27.08.2026
- Council for the Development of Cambodia · Cambodia land framework — restriction on foreign land ownership · 27.08.2026