Chinese Developer - Sisowath Quay Riverfront, Phnom Penh
3.5 / 5.0Riel Property Rating
A Chinese developer formerly listed on the Shanghai Stock Exchange (600393, delisted July 2023) with completed residential projects in central Phnom Penh and the large-scale Yuetai Phnom Penh Harbour riverfront development on Sisowath Quay. The Harbour site is held on a 50-year lease from state land - enhanced due diligence is strongly recommended.
600393
Delisted 2023
1,000
Harbour Units
50yr
Land Lease
4 Phase
Harbour Project
Developer Overview
This profile covers Yuetai Group (Guangzhou Yuetai) as a Cambodia developer, including Yuetai Phnom Penh Harbour on Sisowath Quay and the group's completed Phnom Penh residential projects.
Guangzhou Yuetai Group Co., Ltd. (600393) is a Chinese real estate developer formerly listed on the Shanghai Stock Exchange, with listing terminated in July 2023. Originally founded in 1979 as Donghua Industrial and renamed Yuetai in 2016. The group operates in Cambodia through its local subsidiary Chean Chhoeng Thai Group Co., Ltd.
In Cambodia, Yuetai has completed several smaller residential and commercial projects in central Phnom Penh: East One (completed 2016, Norodom/Monivong intersection), East View (Norodom Boulevard, multi-complex compound) and East Commercial Center. The group has also developed Yuetai The Garden near Phnom Penh International Airport.
The flagship project is Yuetai Phnom Penh Harbour (also known as The City Gate), a large-scale mixed-use riverfront development on Sisowath Quay in Daun Penh district, comprising approximately 1,000 units. The project has been developed across multiple phases on a site held under a 50-year lease from Phnom Penh Autonomous Port. It includes condominiums, office towers, a shopping mall, hotel, commercial streets and cultural centre.
Formerly Shanghai-listed (600393, delisted July 2023) - parent company financial disclosures available via Shanghai Stock Exchange archives
Completed Phnom Penh projects - East One (2016), East View and East Commercial Center all delivered in central locations
Prime riverfront location - Phnom Penh Harbour is on Sisowath Quay in Daun Penh, one block from the Royal Palace
Leased state land - the Harbour site is held on a 50-year lease from Phnom Penh Autonomous Port, not privately held land. Verify ownership structure with independent legal advice
Chinese property sector pressures - the wider Chinese real estate sector has faced significant financial headwinds. Conduct enhanced due diligence on the parent company's current financial position
Phased development - the Harbour project has been delivered in phases. Verify the status of specific buildings and units directly before committing
Want to discuss Yuetai Phnom Penh Harbour or compare with other developers? No obligation - all terms confirmed in writing.
Many Yuetai Harbour investors purchase remotely using a Power of Attorney. Given the leased land structure, it is especially important to have independent legal representation review the SPA and lease terms before signing. Confirm all arrangements in writing. Read the step-by-step remote buying guide.
Rating Breakdown
Overall: 3.5 / 5.0 - Completed Phnom Penh projects and large-scale riverfront development. Balanced by leased land tenure, parent company delisted from Shanghai Stock Exchange in 2023, Chinese property sector pressures and the need for per-building due diligence on a multi-phase project.
Delivery Track RecordCompleted projects in Phnom Penh
East One, East View, East Commercial + Harbour (~1,000 units)
3.0/ 5.0
Detailed Assessment
Yuetai has completed several projects in Phnom Penh - East One at the Norodom/Monivong intersection (completed 2016), East View on Norodom Boulevard, plus East Commercial Center. These demonstrate the group can deliver in the Cambodian market.
The flagship Phnom Penh Harbour project comprises approximately 1,000 units across a multi-phase riverfront development. Shophouse components were reportedly sold early, indicating market traction. Verify the status of specific phases and buildings directly.
East One completed East View completed Shophouses sold ~1,000 Harbour units
Build QualityMixed-use ambition, central locations
Completed projects in good locations, limited independent reviews
3.5/ 5.0
Detailed Assessment
Yuetai's completed projects occupy prime central Phnom Penh locations - the Norodom/Monivong intersection and Norodom Boulevard. The Phnom Penh Harbour concept integrates Khmer cultural elements into a modern mixed-use design, with planned underground parking, shopping mall and cultural street components.
The parent company has delivered over 20 real estate projects in China. The Harbour project concept includes Khmer-inspired design language and river views. Independent build quality assessments for completed Cambodia projects are limited in the public domain.
Central locations 20+ China projects Khmer design elements
Historical GRR programme reported, current availability unconfirmed
3.5/ 5.0
Detailed Assessment
Various payment structures have been associated with Phnom Penh Harbour units across different sales phases. Current terms, pricing and any rental return programmes should be confirmed directly with the developer or through Riel Property. Condominium units have been available at price points accessible to both local and international buyers.
Unit sizes for the Harbour condominiums range from studio to 3-bedroom configurations. Payment structures for available units should be verified before committing.
Multiple unit types Accessible pricing Verify current terms
Management PartnershipWhite Swan Hotel brand associated
Chinese hotel brand planned, no international operator confirmed
3.0/ 5.0
Detailed Assessment
The Phnom Penh Harbour masterplan has included a hotel component under the White Swan brand, a Chinese hotel group. This is not an internationally recognised hotel management chain in the same category as Accor, Marriott or Ascott. Verify current hotel and management arrangements directly.
For residential unit management, the developer's own property management capabilities will likely apply. No publicly confirmed third-party international management partnership has been announced for the residential components.
White Swan associated Not international brand Resi mgmt unconfirmed
Ambitious mixed-use vision, Khmer cultural integration, riverfront
4.5/ 5.0
Detailed Assessment
The Phnom Penh Harbour masterplan is one of the most ambitious development concepts in Cambodia. The design integrates Khmer cultural elements with modern mixed-use planning across a riverfront site near the Royal Palace. The scale - encompassing cultural centre, commercial streets, shopping mall, office towers, hotel and residential towers - is unlike anything else currently planned in Phnom Penh.
The concept of combining a commercial avenue with Cambodian cultural tourism elements and underground infrastructure is innovative for the market. Whether the full vision is delivered remains to be seen, but the design ambition is clear.
Mega-scale vision Khmer cultural Riverfront prime Mixed-use integrated
Yuetai Cambodia Projects
All known Yuetai Group developments in Cambodia. Projects listed on Riel Property are linked. Foreign strata title ownership is available above the ground floor, subject to standard conditions. Note the Harbour site's leased land tenure - seek independent legal advice.
Residential condo at the Norodom/Monivong intersection. ~23,000 sqm construction area. Central Phnom Penh location.
Completed 2016
East View
Norodom Boulevard, Phnom Penh
Multi-complex compound on Norodom Boulevard. Mixed residential and commercial. Near Ministry of Culture and Fine Arts.
Completed
East Commercial Center
Phnom Penh
Commercial development in central Phnom Penh. Part of the East-branded portfolio alongside East One and East View.
Completed
Yuetai The Garden
Veng Sreng Blvd, near Airport
Residential community on a 17,000 sqm site near Phnom Penh International Airport. ~110,000 sqm construction area. Eco-living concept.
Residential
Did you know?
Ownership costs for Yuetai Phnom Penh Harbour units will include management fees, sinking fund contributions and annual property tax. These vary by unit size and floor level. The 50-year land lease structure may also affect resale and exit options - confirm all costs and conditions in writing before committing. See the full ownership costs breakdown.
Investment Suitability
Yuetai Group targets investors interested in Phnom Penh's premium riverfront corridor who accept higher risk in exchange for potential upside from a mega-project in a prime location.
Listed Parent Company
Formerly Shanghai-listed (600393, delisted July 2023). Verify current parent company financials
Prime Riverfront
Sisowath Quay location one block from the Royal Palace - one of Phnom Penh's most prestigious corridors
Mega-Scale Vision
Four-phase mixed-use development with hotel, shopping, office, residential and cultural components
Foreign Ownership
Strata title ownership for foreign buyers above the ground floor. Verify tenure implications
Best for
Investors who accept higher risk for potential upside in a prime riverfront location, are comfortable with leased land structures, and can afford to wait for a multi-phase development to mature. Suits those with existing China/Cambodia market knowledge.
Considerations (who should think twice)
Buyers seeking immediate occupancy, proven delivery on large-scale projects, privately held land tenure, or internationally branded management. The leased land structure and delivery timeline require careful evaluation.
Payment Terms
Yuetai Phnom Penh Harbour includes multiple unit types across its phased development. All pricing and payment structures should be confirmed directly with the developer or through Riel Property.
Condominiums
Studio to 3BR, ~38-129 sqm. Riverfront views on upper floors. Foreign ownership eligible on strata title
Shophouses
Ground-floor commercial units. Early phases reportedly sold out. Commercial avenue concept
Office / SOHO
Office and SOHO units planned within the development. Twin tower concept in later phases
Hotel
White Swan Hotel (Chinese brand) planned as five-star hotel component within the masterplan
All pricing, GRR terms and payment structures are subject to change and should be verified directly. The land is held on a 50-year lease from Phnom Penh Autonomous Port. See our strata title ownership guide and payment plan structures guide for context.
Strengths & Considerations
Strengths
Formerly Shanghai Stock Exchange listed (600393, delisted July 2023) - historical regulatory filings available for due diligence
Completed projects in Phnom Penh - East One, East View and East Commercial Center demonstrate delivery capability in Cambodia
Prime Sisowath Quay location - riverfront site in Daun Penh, one block from the Royal Palace, strong long-term location fundamentals
Ambitious mixed-use vision - hotel, shopping, cultural centre, office and residential across four phases creates a potential destination hub
Early sales traction - shophouse component reportedly sold out quickly, indicating initial market demand
Khmer cultural integration - design concept combines Cambodian heritage elements with modern mixed-use planning
Considerations
50-year leased state land - the site is leased from Phnom Penh Autonomous Port, not privately owned. This creates a different ownership dynamic
Seek independent Cambodian legal advice on the implications for unit buyers under this tenure structure
Chinese property sector pressures - the parent company operates in a sector that has experienced widespread financial stress in recent years
Publicly listed status means financial disclosures are available for due diligence via Shanghai Stock Exchange filings
Multi-phase complexity - the Harbour project has been developed in phases with varying timelines. Individual building status should be confirmed
Focus due diligence on the specific building and unit you are purchasing, rather than the masterplan as a whole
No internationally branded hotel operator - White Swan is a Chinese hotel brand, not Accor/Marriott/Ascott
Chinese hotel brands may have strong appeal for the project's target market which includes mainland Chinese buyers
Ready for a shortlist or deal pack? We provide after-sales support throughout your ownership.
Yuetai Group is a Chinese developer formerly listed on the Shanghai Stock Exchange (600393, delisted July 2023), originally founded in 1979 and renamed Yuetai in 2016. The group operates in Cambodia through subsidiary Chean Chhoeng Thai Group Co., Ltd. Completed projects in Phnom Penh include East One and East View. See our developer directory for more Cambodia developers.
What is Yuetai Phnom Penh Harbour?
Yuetai Phnom Penh Harbour (also known as The City Gate) is a large-scale riverfront mixed-use development on Sisowath Quay in Daun Penh district. It is being developed in four phases and aims to include condominiums, office towers, a shopping mall, White Swan Hotel, commercial streets and a cultural centre. The site is held on a 50-year lease from Phnom Penh Autonomous Port. See the full project page.
Can foreigners buy units in Yuetai projects?
Foreign buyers may purchase strata title (hard title) units one floor above the ground floor, subject to the 70% foreign ownership quota per building. The Harbour site's leased land tenure creates additional considerations - verify the exact ownership structure and implications with independent Cambodian legal counsel. See our strata title ownership guide.
What is the current status of Yuetai Phnom Penh Harbour?
Yuetai Phnom Penh Harbour is currently listed as Under Construction on Riel Property, comprising approximately 1,000 units with pricing from US$68,000. As a multi-phase development, the status of individual buildings may vary. Verify specific building and unit status directly before committing. Contact us for the latest availability and pricing.
Is the land leased or owned?
The Phnom Penh Harbour site is held under a 50-year lease from Phnom Penh Autonomous Port (a state entity listed on the Cambodia Securities Exchange). This is leased state land, not privately held land. Buyers should seek independent legal advice on what this means for their unit ownership rights and long-term tenure. See our strata title ownership guide for broader context.
How does Riel Property rate Yuetai Group?
We rate Yuetai Group 3.5/5.0, reflecting completed projects and the large-scale Phnom Penh Harbour development. The rating is balanced by leased land tenure, the parent company's delisting from the Shanghai Stock Exchange in 2023, Chinese property sector pressures and the need for per-building verification. Enhanced due diligence is strongly recommended. See our full developer directory for comparisons.
How does Riel Property rate developers?
We assess developers across five criteria: delivery track record, build quality, payment flexibility, management partnership, and design and innovation. Every developer we list meets our minimum listing threshold. Ratings highlight where enhanced due diligence is recommended. Our ratings provide transparent guidance to help you compare options and make informed decisions. See our full developer directory.
Speak to our team about current availability, pricing and the land tenure structure. We provide after-sales support throughout your ownership. No obligation - all terms confirmed in writing.
Information on this page is for general guidance only. Riel Property is not affiliated with Yuetai Group, Guangzhou Yuetai Group Co., Ltd. or Chean Chhoeng Thai Group Co., Ltd. Information compiled from Phnom Penh Post, realestate.com.kh, Fresh News Asia, CamboJA News, investing.com, Simply Wall St and other public sources. Yields, pricing and project details are indicative and subject to change. The Phnom Penh Harbour site is held on a 50-year lease from Phnom Penh Autonomous Port. Always conduct independent due diligence before making investment decisions. Foreign ownership is subject to Cambodian law.
Our rating assesses developers on five criteria. Scores range from 3.0 (minimum listing threshold) to 5.0 (outstanding), awarded in half or full increments only. A 3.0 rating indicates enhanced due diligence is recommended.
