Real Estate Regulator Orders Suspension of Prince Company Condo and Housing Project Sales in Cambodia

The Real Estate and Mortgage Business Regulator has issued an official notice regarding residential and co-ownership developments associated with Prince Company.

The notice confirms that sales activities have been suspended for five projects as follows.

1. Prince Happiness Plaza, also known as The Pinnacle Residence condominium
2. Prince Golden Bay condominium
3. Prince Huan Yu Center condominium
4. Prince One Tropica residential project
5. Phum Samrong residential project

The suspension applies only to new sales of houses or condominium units under these projects.

Please note that buyers who have already signed sale and purchase agreements are required to continue fulfilling their contractual obligations until the completion of the transaction.

For buyers who have fully completed their payment obligations, ownership transfer procedures must proceed as planned. These transfers will be carried out with coordination between the Real Estate and Mortgage Business Regulator and the Ministry of Land Management, Urban Planning and Construction.

Bear in mind that this notice does not cancel existing contracts and does not affect completed ownership rights.