Phnom Penh, Cambodia
Cambodia's Land Register is kept by the Ministry of Land Management (MLMUPC) and gives cadastral information to a person with an interest, against a fee, but it has no public owner search — so who owns Phnom Penh's towers is known from listed companies' filings, state-company reports and government pages, not from the register.
9 buildings · 6 with an owner established · 24 sources · 6 tier A · 3 tier B · prepared 2026-10-20
Land in Phnom Penh is registered under the 2001 Land Law by the Ministry of Land Management, Urban Planning and Construction (MLMUPC) and its Phnom Penh cadastral office, which keep the cadastral index map, the list of owners' names and the Land Register. The law says a request for cadastral information 'by any person who has an interest in it may not be refused', with copies 'against a payment of fee' set by joint ministerial Prakas, and that cadastral information forms 'may be delivered to any person who applies' — but certificates of ownership go only to the owner. There is no free online owner search: the ministry's cadastral portal handles sale, gift and mortgage applications for Phnom Penh, and its host refused us. Owners here come from company filings and government pages.
The marquee buildings
The towers that set the tone of the core, and who holds them. A price is the price a document states, on the date it states — not an estimate of what the building is worth now.
| Building | Use | Owner | Owner type | Last price paid |
|---|---|---|---|---|
| Phnom Penh Autonomous Port — Multipurpose Terminal TS3 (port headquarters) Preah Sisowath Quay, Sangkat Srah Chak, Khan Daun Penh, Phnom Penh 8.6 ha land |
Institutional | Phnom Penh Autonomous Port (PPAP), a public enterprise of the Royal Government of Cambodia listed on the Cambodia Securities Exchange 20% of voting shares floated on CSX in 2015; the remainder not stated on the page opened PPAP's TS3 page: TS3, 'the headquarters of Phnom Penh Autonomous Port (PPAP)', is on Preah Sisowath Quay, Sras Chork, Daun Penh; 'Land Size: 8.6 ha', 5 berths, now a tourist and multipurpose terminal since cargo moved to LM17. PPAP calls itself 'one of a leading international river port of the Royal Government of Cambodia'; its stock page says it listed on CSX on 9 Dec 2015, issuing 4,136,873 shares, 'representing 20% of the total voting shares', at KHR 5,120. TS1 next door is 0.66 ha. Trap: the container port LM17 is in Kean Svay, Kandal province, ~30 km out — not in Phnom Penh. |
Government | —A |
| Phnom Penh International Airport (Pochentong), now closed to passengers Russian Federation Blvd, Khan Pou Senchey, Phnom Penh |
Institutional | Royal Government of Cambodia Wikipedia's infobox gives Owner 'Royal Government of Cambodia', operator Société Concessionnaire de l'Aéroport (Cambodia Airports), which it says is 70% Vinci Airports and 30% Muhibbah Masteron under a concession; passenger services ceased 8 Sep 2025 when Techo International Airport opened. The replacement airport is NOT in Phnom Penh: Wikipedia places Techo in Kandal Stueng district, Kandal province, on a 2,600 ha site spanning Kandal and Takeo, owned by Cambodia Airport Investment Co. (OCIC 90%, State Secretariat of Civil Aviation 10%). Tier B: owner from Wikipedia, no government page opened; the old site's future use was not established. |
Government | —B |
| Vattanac Capital 66 Preah Monivong Blvd, Sangkat Wat Phnom, Khan Daun Penh |
Mixed use | Not established the jurisdiction does not disclose owners The building's own About page: 'Phnom Penh's most prestigious commercial address. Rising to 187.3m'; 'the 188-metre, 39-storey Vattanac Capital Tower'; two towers and a podium, Grade A office floors of 1,461–1,769 sqm, Rosewood Phnom Penh on floors 25–39, 'managed by international consultancy firm Jones Lang Lasalle' (management, not ownership). The page names no owning company (footer '© 2026 - Vattanac Capital'), and the cadastre has no public owner search, so the owner is left blank. |
Not established | —A |
| Canadia Tower No. 315 Ang Duong St, corner Monivong Blvd, Khan Daun Penh |
Office | Not established the jurisdiction does not disclose owners OCIC lists Canadia Tower among its projects: 'This 32-storey commercial building is home to ... Canadia Bank's corporate headquarters', 'the tallest building in Cambodia until 2014'. OCIC's portfolio page warns '*Not all projects listed in this website are solely owned by OCIC. Some projects listed here in are subsidiaries and partner companies of OCIC', so the owning entity is not established from it; OCIC describes itself as an affiliate under the Canadia Integrated Enterprise Group. |
Not established | —A |
| AEON Mall Phnom Penh (AEON Mall 1, Sothearos) Samdech Sothearos Blvd, Sangkat Tonle Bassac, Khan Chamkar Mon 69,000 m² site |
Retail | AEON Mall Investment (Cambodia) Co., Ltd. (land); AEON Mall (Cambodia) Co., Ltd. (operator) AEON Mall Co. holds 49.0% of the land company directly, plus 51.0% held by closely related or consenting parties; consolidated as a subsidiary AEON Mall's FY2025 securities report (to 28 Feb 2026), major-facilities table: AEON MALL Phnom Penh, site 69,000 m², book value buildings ¥16,328M, land ¥15,217M, total ¥31,906M. Note 8: 'AEON MALL INVESTMENT (CAMBODIA) CO., LTD. は、モールの土地保有会社であり' (is the mall's land-holding company), operation by AEON MALL (CAMBODIA) CO., LTD. (capital US$512,925k, 100%). The investment company's capital is US$10k, 49.0% [51.0%]. AEON Mall itself was delisted on 27 Jun 2025 and is now wholly owned within the AEON group. Book values, not prices. |
Public company | —A |
| NagaWorld integrated resort (Naga 1 and Naga 2) Riverfront by the Mekong–Tonle Sap confluence, Khan Chamkar Mon |
Hotel | NagaCorp Ltd. (HKEX: 3918) and its subsidiaries NagaCorp's 2026 interim report: NagaCorp 'is the largest Integrated Resort operator in Cambodia', listed in Hong Kong since 2006; 'Our flagship, NagaWorld, is Phnom Penh's only integrated hotel and entertainment complex', with a 70-year casino licence to 2065 and exclusivity within 200 km of Phnom Penh to 2045. Group property, plant and equipment $1,959,735k and right-of-use assets $126,563k at 30 Jun 2026 (report's $'000). Naga 3 completion was pushed from Sep 2025 to Sep 2029 and the company is 'considering options ... including resizing the project' — a sourced delay. The report does not say whether the resort land is freehold or leased. |
Public company | —A |
| Morodok Techo National Stadium Win Win Blvd, Khan Prek Pnov (northern Phnom Penh) |
Civic | Royal Government of Cambodia Wikipedia's infobox: Owner 'Royal Government of Cambodia', capacity 60,000, groundbreaking April 2017, opened August 2021, cost KHR6,720 billion (US$168 million); the article says 'The Chinese government provided 1.1 billion Chinese yuan (about $160 million) aid for the construction', built by China State Construction Engineering Corporation, and lists nsc.gov.kh as its website. Tier B: owner from Wikipedia; no government page opened. |
Government | —B |
| National Olympic Stadium complex Khan 7 Makara, central Phnom Penh |
Civic | Not established the jurisdiction does not disclose owners Wikipedia: built 1962–64, 30,000 seats; 'In 2000, the stadium complex was redeveloped by a Taiwanese firm, the Yuanta Group, which refurbished the stadium and also redeveloped parcels of the complex into condominiums and commercial properties.' OCIC's Olympia City page describes a 6.8 ha development 'in the heart of Phnom Penh' (Olympia Mall, offices, condominiums, Canadian International School). No document opened states who now holds title to the stadium itself or to the redeveloped parcels, so the owner is blank. |
Not established | —B |
| Grand Phnom Penh City (satellite town) St. 598, Sangkat Khmounh, Khan Sen Sok 260 ha |
Land | Chip Mong Group Chip Mong Group's page: Grand Phnom Penh City 'sits on a 260 hectares piece of land located in the north-west part of Phnom Penh's Sen Sok district. In late 2019, Chip Mong acquired the whole property of Grand Phnom Penh City', planned at 'over 4,400 households' of villas, apartments and shophouses, plus offices, malls, a hotel, school, hospital and an 18-hole golf course. No price is given and the seller is not named on the page. ownerType 'family' is a judgement about a privately held Cambodian conglomerate; the page does not describe its shareholding. |
Family / private | —A |
The core land
The most valuable ground in the city, and what the public record says about it.
Phnom Penh's most valuable ground is Daun Penh — the riverfront, Phsar Thmei (Central Market), Wat Phnom and Monivong Boulevard, where Vattanac Capital and Canadia Tower stand — then Chamkar Mon (Tonle Bassac, where AEON Mall 1 and NagaWorld sit). There is no public assessment roll by parcel and the register gives no values, so the figures are a broker's indicative ranges and one owner's balance-sheet land value. They are not comparable to each other.
Who owns the town
At this scale the significant owner is rarely a trust or a fund: it is one or two local holding companies, a family in its second or third generation, and often the land around the town rather than the buildings in it.
In Phnom Penh the biggest holder is the State: under the 2001 Land Law roads, parks, public schools, administrative buildings and public hospitals are State public property, which is inalienable, and the government decides who may develop the large reclaimed and riverfront sites. Most of the city's largest private holdings are development rights over those sites granted to one conglomerate (OCIC) or bought whole as satellite towns (Chip Mong). Figures are what each owner's own page or filing states; none comes from the cadastre, which has no public owner search. Pagodas (wat land) and the railway are also large holders, but no holdings figure was found.
| Name | Type | Holdings |
|---|---|---|
| Royal Government of Cambodia (State public and private property) Land Law Art. 15: State public property includes property 'allocated to render a public service, such as public schools or educational institutions, administrative buildings and all public hospitals' and property for public use such as 'roads, tracks ... gardens and public parks'; Art. 16: 'State public property is inalienable'. Owns the old Pochentong airport and Morodok Techo stadium (see marquee). No citywide State holdings figure is published. |
Government | not quantifiedA |
| Overseas Cambodian Investment Corporation (OCIC) OCIC's Khmer project pages: Koh Pich (Diamond Island) is a 100 ha development invested by OCIC since 2006 'with permission from the Royal Government'; Chroy Changvar is about 380 ha over which OCIC 'received development rights from the Royal Government since 2011'; Norea City is 125 ha, a satellite city costing over US$2.5 billion; Olympia City 6.8 ha. These are development rights and projects; OCIC warns that not all listed projects are solely owned by it. OCIC is an affiliate in the Canadia Integrated Enterprise Group. |
Private company | Chroy Changvar Bay ~380 ha; Norea City 125 ha; Koh Pich 100 ha; Olympia City 6.8 haA |
| Chip Mong Group Chip Mong 'acquired the whole property of Grand Phnom Penh City' in late 2019 — 260 ha in Sen Sok, planned at over 4,400 households. The group also lists malls, a 45-storey Chip Mong Tower and housing projects in the city. |
Family / private | 260 ha (Grand Phnom Penh City, Sen Sok)A |
| AEON Mall Investment (Cambodia) Co., Ltd. AEON Mall's FY2025 securities report: land company for AEON Mall Phnom Penh (69,000 m², land ¥15,217M), AEON Mall Sen Sok City (100,000 m², land ¥7,044M) and AEON Mall Mean Chey (174,000 m², land ¥11,843M), all in Phnom Penh. Note 8 calls it 'the mall's land-holding company'. AEON Mall holds 49.0% directly plus 51.0% held by closely related or consenting parties. Book values at 28 Feb 2026. |
Public company | 343,000 m² across three mall sites (69,000 + 100,000 + 174,000 m²); land book value ¥34,104MA |
| Phnom Penh Autonomous Port (PPAP) PPAP's terminal pages give land sizes of 8.6 ha for TS3 (its headquarters) and 0.66 ha for TS1, both on Preah Sisowath Quay, Daun Penh. Its container terminal LM17 and other terminals are outside the city in Kandal. PPAP is a state port enterprise with 20% of its voting shares floated on CSX. |
Government | 9.26 ha in the city (TS3 8.6 ha + TS1 0.66 ha)A |
Who builds the houses
New-home building in this market: the volume, and the firms behind it. Ownership of a builder matters as much as its volume — a private-equity platform and a family firm behave differently.
New homes in Phnom Penh are mostly landed houses in gated estates (borey) on the city's edges, built by Cambodian conglomerates and a few foreign developers; the core gets condominium towers. A valuation firm's 2019 study counted about 150,000 landed homes in the city, growing about 25,000 a year, with Por Sen Chey the largest district (almost 50,000). No builder league table exists; the figures below come from developers' own pages.
| Name | Type | Scale |
|---|---|---|
| Chip Mong Land (Chip Mong Group) Chip Mong Land, established 2008, 'one of the subsidiaries of Chip Mong Group'; 'As of 2019, we have developed 7 landed property projects' (Park Land Sen Sok, Park Land 598, Park Land TK, Landmark 271, Land Riche Chamkardoung, Landmark 60M, Park Land 6A), and its first condominium, Park Land Condo TK, started in May 2019. Grand Phnom Penh City figure from the group page (s18). |
Family / private | Grand Phnom Penh City: 4,400+ households planned on 260 ha; 7 landed projects by 2019B |
| Overseas Cambodian Investment Corporation (OCIC) OCIC's satellite cities mix condominiums (The Elysée on Koh Pich), borey estates (La Seine) and commercial buildings. No unit count is stated on the pages opened. |
Private company | Koh Pich 100 ha; Chroy Changvar ~380 ha; Norea City 125 haA |
| Prince Huan Yu Real Estate (Cambodia) Group Co., Ltd. (Prince Group) US Treasury: OFAC sanctioned 146 targets in the 'Prince Group Transnational Criminal Organization', a 'Cambodia-based network' whose businesses operate 'through entities under the control of Prince Group TCO, including Prince Holding Group, Prince Bank Plc., and Prince Huan Yu Real Estate Cambodia Group Co. Ltd.'; 'Headquartered in Phnom Penh, this multi-national conglomerate has investments in entertainment, finance, and real estate.' US-person dealings in blocked property are prohibited. No unit figure; recorded as sourced distress on a major Phnom Penh developer. |
Private company | sanctioned by US OFAC, 14 Oct 2025A |
Commercial landlords
The commercial side, counted separately from housing: who holds the office, retail and industrial floor area.
Phnom Penh has no REIT holding a named tower, and office floors in newer towers are often sold strata-title, so the developer is not always the owner. The visible commercial landlords are a Japanese mall group that owns its land through a Cambodian land company, Cambodian conglomerates that keep malls, hotels and towers on their own books, and a Hong Kong-listed casino resort. Figures are as each owner states them and are not comparable.
| Name | Type | Holdings |
|---|---|---|
| AEON Mall (Cambodia) Co., Ltd. / AEON Mall Investment (Cambodia) Co., Ltd. Securities report, major facilities: AEON Mall Phnom Penh ¥31,906M, Sen Sok City ¥22,506M, Mean Chey ¥39,399M total book value at 28 Feb 2026. The operator is 100% owned by AEON Mall Co. (now wholly owned in the AEON group after its 27 Jun 2025 delisting). |
Public company | 3 malls; ¥94.4B combined book value (buildings, land and other)A |
| NagaCorp Ltd. (HKEX: 3918) Owner and operator of NagaWorld (Naga 1 and Naga 2), Phnom Penh's only integrated resort; the group's PP&E is almost entirely the resort plus Naga 3 under construction (completion moved to Sep 2029). |
Public company | PP&E $1,959.7M (30 Jun 2026, report's $'000)A |
| Chip Mong Group (Chip Mong Retail, Chip Mong Land) Chip Mong Retail's page: the group 'has broken ground for 6 retail centers' — Noro Mall and Bak Touk Commercial Center (opened late 2019), Sen Sok Mall and 598 Mall, 271 Mega Mall, and 'The 45-storey Chip Mong Tower' with a Fairfield by Marriott, Grade A offices and retail. It also lists Hyatt Regency Phnom Penh (247 rooms) under a Hyatt management agreement. The page is dated in tense (written c. 2020). |
Family / private | 6 retail centres broken ground; 45-storey Chip Mong TowerA |
| Overseas Cambodian Investment Corporation (OCIC) OCIC lists Canadia Tower, Olympia City's mall and offices, and Koh Pich's offices, hotels and convention centre among its projects, with the caveat that not all are solely owned by OCIC. |
Private company | Canadia Tower (32 storeys), Olympia Mall, Koh Pich exhibition centre and officesA |
Looked for and not found
Claims this page would have made if a source could be opened. They are left out rather than guessed.
- Title search fee: the Land Law (Art. 230) leaves fees to a joint Prakas of MLMUPC and the Ministry of Economy and Finance; MLMUPC's own 'service fee table' page rendered with no table when opened (Oct 2026), so no fee is stated here.
- Exchange Square (Hongkong Land) — Hongkong Land's and Jardine's sites refused automation; the owner was not established from a filing.
- Techo International Airport is NOT in Phnom Penh (Kandal Stueng, Kandal province); Wikipedia gives its owner as Cambodia Airport Investment Co. (OCIC 90%, State Secretariat of Civil Aviation 10%) — kept out of this record's marquee for that reason.
- Borey Peng Huoth, World Bridge Land and Booyoung (Borey Booyoung Sen Sok, reported 716 households) — none of their own pages could be opened, so no unit figures are recorded.
- Royal Group Phnom Penh SEZ (CSX-listed PPSP) industrial landholding — the site was blocked and CSX filings are not readable; no hectare figure recorded.
- Pagoda (wat) land, Royal Railway land and the old Pochentong airport site's future use — no document opened gave a figure.
- Royal Palace and National Assembly — State public property under the Land Law's categories, but no page opened names the holding body, so they are not in the marquee.
Sources
- Land Law (NS/RKM/0801/14, 30 Aug 2001), English translation prepared by MLMUPC with ADB TA 3577 and GTZ — Articles 227–244 (Cadastre) — MLMUPC, hosted by UN-REDD Programme · openA
- Sub-decree No. 46 ANK.BK (31 May 2002) on the Procedures to establish Cadastral Index Map and Land Register — MLMUPC, via FAOLEX · openA
- DFDL Cambodia Legal Alert: Trial launch of four public services via MLMUPC's online platform — DFDL · openA
- Service fee table (តារាងតម្លៃសេវា) page — MLMUPC · openA
- About PPAP; Multipurpose Terminal TS3; Passenger and Tourist Terminal TS1; PPAP's Stock — Phnom Penh Autonomous Port · openA
- PPAP's Stock — being a listed company — Phnom Penh Autonomous Port · openA
- Phnom Penh International Airport — Wikipedia · openB
- Techo International Airport — Wikipedia · openB
- Canadia Tower (project page) — OCIC Group · openA
- Property Development (portfolio page, with ownership caveat) — OCIC Group · openA
- About us — building overview — Vattanac Capital · openA
- 有価証券報告書 第115期 (Annual Securities Report, FY to 28 Feb 2026) — 関係会社の状況 and 主要な設備 (major facilities), note 8 — AEON Mall Co., Ltd. · openA
- NagaCorp Ltd. 2026 Interim Report (six months to 30 June 2026) — NagaCorp Ltd., hosted by irasia.com · openA
- Properties — NagaWorld — NagaCorp Ltd. · openA
- Morodok Techo National Stadium — Wikipedia · openB
- Olympic Stadium (Phnom Penh) — Wikipedia · openB
- Olympia City (project page) — OCIC Group · openA
- Grand Phnom Penh (business page) — Chip Mong Group · openA
- Chip Mong Retail (business page) — Chip Mong Group · openA
- About Us — Chip Mong Land · openA
- Koh Pich; Chroy Changvar Bay; Norea City (project pages, Khmer) — OCIC Group · openA
- Treasury, alongside the United Kingdom, takes largest action ever targeting Southeast Asian cyber scam centers (press release sb0278, 14 Oct 2025) — U.S. Department of the Treasury · openA
- Almost half a million landed homes in Phnom Penh by 2030: study (citing VTrust Appraisal, Phnom Penh 2030) — PropertyGuru Asia Property Awards / Property Report · openA
- CBRE Cambodia: Indicative Land Value in H2 2024 — Cambodia Investment Review · openA