Everhealth International Investment & Development Co.

Everhealth International has no completed Cambodia track record to assess. Wealth Mansion is their first project in the country. The parent group claims over 20 years of development experience and a 3 million square metre portfolio in China, but these claims are not independently verified through publicly accessible records at the time of writing.

Construction began in June 2019, but completion timelines have been inconsistent across sources. One source reported completion in Q2 2023, another stated full completion targeted for Q1 2025, while a third reported 95% construction progress with a 2024 target as recently as late 2025. The original handover estimate when the project launched from Singapore in late 2021 was December 2022. Investors should verify the current completion and handover status directly before committing. The use of China Construction Third Bureau, a Chinese state-owned enterprise, as the main contractor does provide some construction execution credibility.

Wealth Mansion is a 45-storey tower standing at approximately 166 metres, making it one of the taller residential buildings in the Chroy Changvar district. The building features floor-to-ceiling glass windows, green plant walls and water features on each floor, and units are delivered fully furnished with modern fittings. The total floor area is approximately 140,000 square metres across 600 total units (residential and office).

The use of China Construction Third Bureau as the main contractor provides some construction credibility, as CCTB is a subsidiary of the state-owned China State Construction Engineering Corporation. Amenities include an infinity pool, fitness centre, spa, sky bar, dining facilities and 24/7 security. The ONYX Hospitality Group management adds hotel-standard operational practices. However, there is no independent build quality verification available and buyers should inspect units in person before committing.

Wealth Mansion has offered a 10% deposit entry point with progressive payment terms, which is accessible for entry-level investors. The developer has also advertised a guaranteed rental return (GRR) programme: 21% over 3 years for residential units and up to 45% over 10 years for office and retail spaces, with these amounts paid upfront at purchase.

Upfront GRR models should be understood clearly. When a developer pays guaranteed returns upfront at the point of purchase, this effectively reduces the net purchase price rather than providing ongoing rental income. It means the rental guarantee is already priced into the unit cost. Investors should verify: what happens after the guarantee period expires, whether the GRR programme is still available on current stock, and the financial backing behind the guarantee. Payment terms and promotional offers have changed over the project's sales period, so current terms should be confirmed directly.

Chroy Changvar is positioned as a future CBD and growth corridor for Phnom Penh, with significant infrastructure plans including a proposed light rail connection. The district sits on a peninsula between the Mekong and Tonle Sap rivers, offering riverside views and proximity to Garden City Water Park, Norton University and the OCIC satellite city development. However, the district's rental market is still developing compared to established areas such as BKK1, Tonle Bassac or Toul Kork.

The ONYX/Shama management partnership is a genuine differentiator for rental performance. Shama's serviced apartment expertise and distribution network provide professional leasing, marketing and daily operations that most standalone developments in emerging districts lack. This does support occupancy prospects, particularly for short-to-medium term stays. However, long-term residential rental demand in Chroy Changvar depends on continued infrastructure delivery and commercial development in the district. Verify current occupancy rates and achieved rental figures independently before purchase.

Wealth Mansion introduces a hotel-integrated serviced apartment model to Chroy Changvar, combining residential ownership with ONYX Hospitality Group's Shama brand operations. This concept allows owners to benefit from professional hotel-standard management, daily cleaning services and centralised leasing without needing to manage units independently.

The building design incorporates biophilic elements including green plant walls and water features on each floor, which is relatively unusual for Phnom Penh's high-rise market. Floor-to-ceiling glass maximises the riverside panoramic views across the three-rivers confluence. The mixed-use format includes residential, office and retail components. Unit configurations range from studios (approximately 35 square metres) through to 3-bedroom layouts (approximately 128 square metres), providing flexibility across different investor budgets. The scale at 45 storeys and 600 units makes it one of the larger single-tower developments in the district.