JV Parc Residence Co., Ltd.

JV Parc Residence delivered Parc 21 on schedule in December 2022. Residents moved in on 9 December 2022, confirming genuine completion. The building is fully operational with management and amenities active. This is the single strongest evidence of developer capability. However, it is a single data point - there is no multi-project track record, no publicly announced pipeline, and limited corporate information available. The Singapore-Hong Kong JV structure suggests international capital and experience, but specific partners have not been publicly named.

Parc 21 is built with reinforced concrete and steel structure to what the developer describes as Singaporean-standard specifications. The building features rooftop amenities including an infinity pool, jacuzzi, gym, skybar and garden with panoramic city views. Building services include underground parking, backup power, 24/7 security with CCTV, fire systems, reception and property management. The specification is solid for the Tier 2 segment, though not at the premium level of BKK1 or Tonle Bassac developments.

With the building complete, purchases are primarily through the resale market or remaining developer stock. Payment terms are negotiated directly. Current resale evidence shows 1-bedrooms around US$105,000-123,000 and 2-bed penthouses around US$198,000. Rental listings show 1-beds at approximately US$350/month, indicating a functioning resale and rental market. Service charges are reported between US$0.50-1.20/sqm/month depending on source. Bank financing is reportedly not available for foreign buyers at this development.

Boeung Trabek is an emerging Tier 2 neighbourhood increasingly popular with expatriates priced out of BKK1 who still want Chamkarmon's central location. Proximity to embassies, NGOs, AEON Mall 1, Chip Mong Noro Mall and the Russian Market area supports tenant demand from cost-conscious expats and young professionals. Absolute rents are lower than BKK1 or Tonle Bassac, but percentage yields can be competitive given the lower entry pricing. Rental listings on Khmer24 and Realestate.com.kh show 1-bed rents around US$350/month, strongly suggesting real occupancy and a functioning rental market.

Parc 21 offers five distinct unit types from compact studios (37 sqm) to spacious 3-bed penthouses (211 sqm), all with balconies. The rooftop amenity package (infinity pool, jacuzzi, gym, skybar, garden) is competitive for the price segment. The design is modern and functional rather than architecturally distinctive - solid mid-market quality that serves the investment and rental brief well without pushing design boundaries.