MIRAKU Capital & Development (G.A.T.O Tower)

MIRAKU Capital & Development is the newest name in this directory and the one with the least to verify: a Japanese-Cambodian joint venture whose entire Cambodian record is a single announced project — G.A.T.O Tower, a planned 67-storey, roughly 297-metre, $100 million condominium-and-hotel on a prime BKK1 corner, with construction stated for Q2 2026 and completion in Q4 2030 [S-115]. We profile it because buyers are already being sold it; read this as a map of the questions, not a record of answers. Citations are marked [S-NNN]; the source list is at the end.

Who they are

MIRAKU describes itself as a collaboration between an experienced Japanese investor side — chaired by Nagato Daiko, with claimed investment experience across Japan, the US, the Middle East, and Malaysia — and a Cambodian side led by founder and CEO Reasey Nhim, founder of WH Living & Properties, which is credited with prior residential, hotel, and apartment work in Phnom Penh [S-012] [S-115]. Named principals on both sides is genuinely better than the anonymous promoter pattern. But note what all of that is: self-description. We have not been able to independently verify either partner’s prior delivery record, and MIRAKU itself has completed nothing in Cambodia.

The project

What is announced is striking [S-115]:

• Scale: 67 storeys and ~297 metres — which would place it among the tallest buildings in Cambodia — on a 1,760 sqm plot at Street 334 and Norodom Boulevard.
• Mix: 472 residential units (studios from 31 sqm to a 443 sqm penthouse) over a 224-room hotel on floors 9–25.
• Design: Shin Takamatsu, a genuinely renowned Japanese architect.
• Terms: pricing from about $88,000, with 20 percent down and 48-month instalment plans.
• Timeline: construction from Q2 2026, completion targeted Q4 2030.

One detail already moved between the September 2025 launch coverage and the current marketing: the tower grew from 65 to 67 storeys [S-115]. Trivial on its own; worth remembering as a baseline for whether future spec changes go noticed.

How to read the risks

This profile is shorter than the others in the directory for an honest reason: there is almost nothing to assess yet. What can be said:

• The bet is unhedged. A first-time developer attempting a supertall on a 54-month build, funded substantially by pre-sale instalments, in a premium segment that already trades 15–20 percent below its 2019 peak — every off-plan risk in our vetting guide applies simultaneously, and there is no delivery history to discount any of them.
• The checks that matter are all still ahead: the MEF housing-development licence (with its 2 percent NBC capital deposit), the construction permits, the title under the project, the funding structure beyond pre-sales, and — above all — visible, sustained construction progress after Q2 2026. Announcement-to-groundbreaking is exactly the gap where Cambodian megaprojects have historically stalled.
• The counter-case is real too: named principals, a marquee architect, and a prime freehold corner are not the profile of a fly-by-night operation. Serious people attempt ambitious things. The point is not that G.A.T.O fails — it is that a buyer today is being asked to fund the proof.

The bottom line

MIRAKU Capital is unscoreable by this directory’s standards: no completions, no track record, one announced tower of exceptional ambition. For a buyer, the practical translation is simple — treat G.A.T.O Tower as the maximum-caution end of off-plan: if the project and its terms appeal, watch for the licence, the permits, and actual construction milestones before committing instalments, size any early commitment as risk capital, and re-read off-plan vs resale first. We will update this profile — and score it — as the record forms either way.

Sources

• [S-012] Source-index identification note — “Gato” resolved — project-vs-company identification; principals.
• [S-115] Realestate.com.kh — MIRAKU Capital launches G.A.T.O Tower — full announced specs, timeline, terms; the 65→67 storey drift vs launch coverage; partner-experience claims (self-described).