Cambodia Investment Review

Honored As Best Real Estate Developer 2023 By Property Guru, OCIC Group Is Set to Launch New Mixed-Used Waterfront Developments Projects Before Year End

Honored As Best Real Estate Developer 2023 By Property Guru, OCIC Group Is Set to Launch New Mixed-Used Waterfront Developments Projects Before Year End

Cambodia Investment Review

OCIC, one of the leading property developer in the country, wins big at the Property Guru Awards 2023. OCIC has been awarded “Best Developer 2023,” while its condominium project, Diamond Bay Garden, bagged two awards for “Best Waterfront Condo 2023” and “Best Condo Development 2023.” These awards won from the Singapore’s regional Property Guru organization, serve as a recognition of OCIC’s strong commitment for value creation, innovation, and customers dedication, while contributing to invest in the growth of real estate in Cambodia.

Read more: PropertyGuru Celebrates Cambodian Real Estate Excellence with the 8th Annual Property Awards

OCIC’s success in the annual awards as the “Best Developer 2023” highlights the consistency and the investments of the Group for the last 23 years and its contribution to the Real Estate industry in Cambodia. OCIC’s is set to launch its new uniquely positioned Diamond Bay Garden Koh Pich, which won two Awards as “Best Condo Development 2023” and “Best Waterfront Condo 2023”.

It is one of the latest property under development, and to be launched to the public market in the last quarter of 2023. OCIC Group is investing in a unique location at the heart of the vibrant and revitalized Koh Pich’s commercial district. In the middle of one of the city’s new center of gravity among popular attractions to expats and young affluent khmer such as Coconut Park, Treelion Park, Aquation Offices Park, the Riverwalk week end markets, Elysee Square or Elysee Bay, OCIC has conceptualized a strategically developed Condominium masterpiece of 1,500 units split in 3 High Rise Towers overlooking the amazing views of the Mekong River, the Tonle Sap and the Bassac River.

Mr. Thierry Tea, Vice President of OCIC Group, also expressed the group’s gratitude to the awards-giving body, We are truly excited that our industry experts share their appreciation of the work OCIC Group has been putting to develop Diamond Bay Garden in Koh Pich, with a focus on crafting a property that embraces one of the best wonder in Cambodia, the view of the Mekong River.” Additionally, being honored as the ‘Best Developer 2023’ is a legacy recognition for our Founder Neak Okhna Dr Pung Kheav Se, underlining his hard work and dedication to improving the standards in Cambodia over the last two decades, Thierry Tea adds.


Tea further comments, “as we are receiving these awards from an established international organization of the caliber of Property Guru, we at OCIC Group, thank all our customers for their continuous trust over the last twenty years. We also value our partners from the public and private sector and our entire teams and employees who support the ecosystem that OCIC is building for today and tomorrow’s next generation of Cambodian. We all believe in our Chairman’s mission to contribute to the growth of Cambodia”. These recognitions only motivate us even more, to push forward in building our next properties to focus on community-centric developments in the country.”

OCIC’s accomplishments reflects upon the group’s dedication to setting new benchmarks in the real estate sector and always redefining urban living in Cambodia. The group’s story reminisces from the early days of the new millennium, dating back to when OCIC Group was building the first shopping mall in Cambodia with Sorya Mall. The Group has pioneered building some of the very first townships such as Borey Chamkarmon, Borey Sunway in Toul Kork, Borey Bassac Garden, some of the first high rise condominium, some of the first high rise office building and some of the first satellite cities. Overall, OCIC has been creating opportunities for the early customers households of the Group that have benefited from value creation and asset appreciation. In the meantime, the Group has contributed to create hundred of thousand of jobs directly and indirectly.

Winning the ‘Best Developer 2023’ award sheds light in the group’s approach to serve Cambodia’s infrastructure improvement through sustainable and holistic planning of real estate developments. This specificity is consistent throughout its diverse portfolio of residential, commercial, and mixed-use developments, showcasing its central focus towards believing in serving the communities it is building.

OCIC Group’s 23-year long track record of delivering transformational mega projects such as Koh Pich, Chroy Changvar Satellite City or Koh Norea, each spanning across several hundred of hectares. These townships districts developments coupled with flagship residential offerings such as Diamond Bay Garden or Chroy Changvar Gardens, showcase OCIC’s significant local footprint and contribution to the real-estate sector of the fast-growing Kingdom’s economy. The Group keeps contributing to create connectivity and mobility, through the infrastructures it is building, such as bridges and roads, serving the everyday transportation needs of millions of Cambodian families.” Thierry Tea adds.

Meanwhile, winning the ‘Best Waterfront Condo 2023’ and ‘Best Condominium Development 2023’ awards for Diamond Bay Garden is an extra feather in the cap in its goal of creating shared value in the modern property development space. Through its design, amenities, and prime location, the group is geared to set new trends further contributing to the real estate sector in the Kingdom.
With its strategic location, the judges were also impressed with Diamond Bay Garden and its architectural soundness, and wide range of amenities, a development that offers a blend of metropolitan cues nestled in the beauty of the great rivers of Mekong and Tonle Sap, providing residents with a worthwhile experience.

OCIC Group’s journey underlines the passion to contribute to the real estate story of Cambodia and to its very own vision of building opportunities for as many Cambodian people as possible.

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