អិល.វ.ភី. គ្រុប / ក្រុមហ៊ុន លី យ៉ុងផាត់ គ្រុប
LYP Group / Garden City
Garden City — a 1,067-hectare satellite city in northern Phnom Penh, home to Garden City Olympic Villa, a water park and Safari World.
Important risk notice — OFAC sanctioned & deregistered developer
L.Y.P. Group Co., Ltd. (real estate entity: Garden City Development Co., Ltd.) and its owner Ly Yong Phat were sanctioned by the US Department of Treasury (OFAC) in September 2024 under the Global Magnitsky Act. Both companies were deregistered from Cambodia's official business registry in December 2024. Buyers should exercise extreme caution. Independent legal and title verification (MLMUPC) is essential for any property associated with this developer.
អំពី LYP Group / Garden City
L.Y.P. Group Co., Ltd. is a Cambodian conglomerate founded in 1992 by Senator Ly Yong Phat (the "King of Koh Kong"). Its real estate arm, Garden City Development Co., Ltd., developed the Garden City satellite city — a 1,067-hectare masterplan roughly 15km north of Phnom Penh in Chroy Changvar / Russei Keo, featuring Cambodia's largest water park ($44M, 2020), Phnom Penh Safari World ($10M, 2018), and the Garden City Olympic Villa residential borey (~535 units, $155,800–$894,800). In January 2018, the group broke ground on Pong Peay City, its first dedicated residential borey. On September 12, 2024, OFAC sanctioned the group; by December 2024 both entities had been deregistered from Cambodia's business registry.
- 1,067-hectare Garden City satellite city masterplan ~15km north of Phnom Penh
- Garden City Olympic Villa residential borey (~535 units)
- Cambodia's largest water park ($44M, 8.6 ha, opened 2020)
- Phnom Penh Safari World — Cambodia's first safari park ($10M, opened 2018)
Developer Style
Conglomerate satellite-city / mixed-use development — a single large masterplan blending residential boreys with entertainment and tourism infrastructure (water park, safari, golf, hotel), targeting all market segments from affordable to luxury.
ប្រវត្តិការអភិវឌ្ឍ
L.Y.P. Group Founded
Ly Yong Phat founds the group, starting with border trading then expanding into hospitality, casinos and utilities.
Elected to the Cambodian Senate
Ly Yong Phat elected CPP Senator; receives large land concessions the same year.
🏛️ PoliticalGarden City Land Concession
Sub-decree grants 529+ ha in Phnom Penh and Kandal for the Garden City satellite city development.
📍 Land Concessionគម្រោងពិសេស
ស្វែងរកគម្រោង
4+ គម្រោងដែលមានពី LYP Group / Garden City
Garden City Masterplan
Prek Tasek, Chroy Changvar / Russei Keo
Garden City Olympic Villa
Preaek Tasek, Chroy Changvar
boreyសកម្មPong Peay City Borey
Phnom Penh Thmey commune, NW Phnom Penh
satellite-cityនឹងមកដល់Cambodia-China Friendship City
Within Garden City masterplan · 550 ha
តំបន់គ្រប់ដណ្តប់
ទីតាំង និងខណ្ឌ
គម្រោងរបស់ LYP Group / Garden City ពាសពេញតំបន់ជាច្រើន
Garden City Masterplan
Prek Tasek, Chroy Changvar / Russei Keo — ~15km north of city centre
Pong Peay City
Phnom Penh Thmey commune — northwest Phnom Penh
Buyer pricing guidance
សញ្ញាតម្លៃសាធារណៈ
ជម្រើសហិរញ្ញវត្ថុ
Public information only. The developer entity has been deregistered — verify all pricing and title independently at MLMUPC before any transaction.
Community & Lifestyle Signals
Garden City Water Park — $44M, 8.6 ha, Cambodia's largest (opened 2020)
Phnom Penh Safari World — $10M, Cambodia's first safari park (opened 2018)
Garden City Resort / Hotel — luxury hotel within the masterplan
Garden City Golf Club — on-site golf course
Pong Peay City Shopping Mall — proposed, 151,000 sqm floor area
Cambodia-China Friendship City — 550 ha JV zone (status uncertain)
Near Morodok Techo National Stadium & National Road 6A
Chroy Changvar peninsula — growing northern Phnom Penh corridor
Recognition & Designations
ការទទួលស្គាល់សម្រាប់ LYP Group / Garden City
US OFAC Global Magnitsky Sanctions (CRITICAL — negative)
US Treasury sanctioned Ly Yong Phat, L.Y.P. Group and related businesses for serious human rights abuse (Sep 12, 2024).
US Treasury
Cambodia's Largest Water Park — Garden City Water Park
8.6 ha, $44M, built to international standards (per Ly Yong Phat, 2020 soft launch).
Thai Chamber of Commerce — "2nd Largest Family Group in Cambodia"
Described during a 2018 business tour visit to LYP Group offices and Garden City.
Thai Chamber of Commerce
Common buyer questions
Verify before purchase
- Any engagement by US persons or US-linked entities is prohibited under OFAC sanctions (E.O. 13818).
- Verify individual unit title at MLMUPC independently of the developer — do not rely on the deregistered entity.
- Confirm whether units were transferred to Hard Title before the December 2024 deregistration.
- For Pong Peay City: verify delivery and handover status — no public record exists.
- Consult a Cambodia real estate lawyer before any transaction; payments to a deregistered entity may need escrow.