Mixed-use developers
5 dossiers in the mixed-use segment — who is building, what they have delivered, and where the risks sit.
Two decades of delivered districts and a 2025 airport, with a bank behind it — the market's lowest completion risk. Scored below the delivery record for political proximity, a documented displacement legacy, and the imbalance of buying from a conglomerate this dominant.
Deepest balance sheet in the borey market: a 1982-founded conglomerate with its own cement JV, bank, and mall portfolio behind every project. Delivering since 2017. Deductions for conglomerate opacity, undisclosed data, and borey oversupply exposure.
Not yet scoreable. MIRAKU has announced one project and completed none in Cambodia — there is no delivery record to weigh, so we publish no trust score rather than invent one. Everything below is the announced plan and the questions a buyer should ask of it.
Ten-plus completions since 2013 across four product types, consistent awards, and a building-materials conglomerate behind it — a top homegrown delivery record. Premium-niche exposure and the in-transition corporate identity are the watch items.
Completed and occupied — a rare de-risking fact. Le Condé BKK1 is move-in ready in BKK1 with Japanese management. Chinese developer + Sichuan Huaxi construction. Capped by single-tower track record.
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