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Phnom Penh's property market offers diverse opportunities with condos averaging $1,300-$2,700 per square meter and villas reaching $3,000+ per square meter in prime areas. The Cambodian capital shows strong growth potential, particularly in suburban districts where prices have surged 15% in recent months as infrastructure develops.
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Phnom Penh property prices vary significantly by location and type, with central condos commanding $2,500-$2,774 per square meter while suburban options start at $1,000-$1,500 per square meter.
The market shows strong momentum in emerging districts where infrastructure development drives 15% price appreciation, making suburban properties attractive for both investors and owner-occupiers seeking value.
| Property Type | Central Areas ($/sqm) | Suburban Areas ($/sqm) |
|---|---|---|
| Condos | $2,500-$2,774 | $1,067-$1,300 |
| Townhouses | $2,000-$3,000 | $1,000-$2,000 |
| Villas | $3,000+ | $1,000-$2,000 |
| Studios | $1,878 | $1,200-$1,500 |
| 1-Bedroom | $1,500-$2,000 | $1,200-$1,400 |
| 2-Bedroom | $2,184 | $1,300-$1,600 |
What's the average price per square meter in Phnom Penh today by property type?
Phnom Penh's property market shows clear price distinctions across different property types as of September 2025.
Condos dominate the market with prices ranging from $1,300 to $2,700 per square meter in central areas. Entry-level condos in emerging districts start at $1,067 per square meter, while premium units in prime districts like BKK1 command up to $2,774 per square meter.
Townhouses typically price between $1,000 and $2,400 per square meter in popular residential zones including Russian Market, Toul Tompoung, and Meanchey. These properties offer more space than condos and attract families seeking better value per square meter.
Villas represent the premium segment with prices exceeding $3,000 per square meter in central and riverside districts. Standard suburban villas in "borey" developments range from $1,000 to $2,000 per square meter, while high-end developments like Bassac Garden City ask $620,000+ for a 4-bedroom villa on 182 square meter land, equivalent to approximately $3,400 per square meter.
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How do prices differ between key areas of Phnom Penh?
Location significantly impacts property prices across Phnom Penh's districts, with central areas commanding premium rates.
| Area | Condo Price/sqm | Townhouse/Villa Price/sqm |
|---|---|---|
| Central (BKK1) | $2,500-$2,774 | $2,000-$3,000 |
| Riverside | $1,700-$3,000 | $2,500-$3,500 |
| Suburban Districts | $1,000-$1,500 | $1,000-$2,000 |
| New Developments | $1,067-$1,300 | $800-$1,400 |
| Russian Market | $1,300-$1,400 | $1,200-$1,800 |
| AEON Mall Area | $1,200-$1,600 | $1,000-$1,500 |
How do prices vary by apartment or house size?
Property prices per square meter fluctuate based on unit size, with smaller formats typically commanding higher rates per square meter.
Studios average $1,878 per square meter with total unit prices ranging from $60,000 to $110,000 in budget zones. These compact units offer the highest price per square meter but remain popular among young professionals and investors targeting rental income.
One-bedroom apartments range from $1,500 to $2,000 per square meter, with typical unit prices between $75,000 and $150,000. These properties balance affordability with functionality, making them attractive to both owner-occupiers and rental investors.
Two-bedroom units average $2,184 per square meter, with total prices spanning $120,000 to $250,000 per unit. The larger format appeals to families and offers better rental yields in the long-term market.
Large family homes and villas command $2,500 to $3,500 per square meter in premium zones, with top-tier properties exceeding $620,000 total. These properties target affluent buyers seeking luxury and space.
What's the typical total purchase price including all fees and taxes?
Phnom Penh property purchases involve several additional costs beyond the base price per square meter.
Stamp duty currently offers significant savings for qualifying buyers. First-time homebuyers pay 0% stamp duty on the first $210,000 of qualifying primary residence purchases until December 2025, representing an $8,400 savings. Properties exceeding $210,000 incur 4% stamp duty only on the excess amount.
Registration and legal fees typically range from $1,500 to $3,000, varying by agent and developer complexity. These costs cover document preparation, legal review, and administrative processing.
Transfer fees usually integrate into agent closing costs and can reach 1-2% of the property price. Capital gains tax remains deferred for individuals selling in 2025, though it typically applies at 20% for sales after 2025.
Annual property tax (TOIP) applies at 0.1% per year for properties valued above $25,000, creating ongoing ownership costs that buyers should factor into their investment calculations.
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What are current financing rates and their impact on effective price per square meter?
Mortgage rates significantly affect the effective cost of property ownership in Phnom Penh's market.
Residential mortgage rates range from 6-9% annually for foreign buyers, while locals access lower rates between 5-7%. USD deposit rates span from 1.5% for one-month terms to 5% for five-year terms, with the central bank benchmark rate at 0.42%.
Financing adds approximately $45 to $90 per square meter annually to carrying costs, depending on loan-to-value ratio, tenure, and specific loan terms. These additional costs can substantially impact investment returns over time.
Cash buyers secure the best value per square meter since they avoid financing charges entirely. Mortgage buyers face higher total costs over the loan life, making cash purchases more attractive when possible.
Current market conditions favor buyers who can secure favorable financing terms or purchase outright, as they can negotiate better prices per square meter with developers and sellers.
Which areas offer the best value for owner-occupiers?
Suburban districts currently provide the strongest value proposition for people planning to live in Phnom Penh.
Sen Sok, Chroy Changvar, Kakab, Kambol, and Chbar Ampov offer larger homes at attractive prices per square meter with dramatic upside potential. New roads, shopping malls, schools, and infrastructure developments drive rapid appreciation, with some areas experiencing 15% price jumps within six months.
Mid-range condos in emerging locations provide lower cost per square meter while maintaining full amenities and strong capital appreciation forecasts. These properties balance affordability with modern conveniences.
Central apartments excel for urban lifestyle preferences, offering walkability and the highest resale liquidity. Though more expensive per square meter, they provide convenience and established infrastructure.
Buyers prioritizing value should focus on suburban areas where infrastructure development creates significant upside potential while maintaining reasonable entry prices per square meter.
Which locations yield the best short-term rental returns per square meter?
Short-term rental success depends heavily on location and property format in Phnom Penh's market.
| Area | Gross Rental Yield | Best Property Type |
|---|---|---|
| Riverside | 6-12% | Studios, 1-bedroom |
| BKK1 | 5-7% | Modern condos |
| Russian Market | 6-8% | 1-bedroom, townhouses |
| Central Business District | 5-8% | Studios, 1-bedroom |
| Embassy Area | 6-9% | 1-2 bedroom condos |
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Which areas offer solid long-term rental yields and stability?
Long-term rental markets favor locations with established expat communities and stable demand patterns.
Russian Market delivers 6-8% gross yields with strong tenant stability due to its established expat community and proximity to amenities. Net yields after costs typically range from 2-4%, making it attractive for steady rental income.
BKK1 provides 5-7% gross yields with premium tenant quality, though higher property prices per square meter reduce overall returns. The area maintains excellent rental stability and attracts long-term professional tenants.
Chroy Changvar offers 6-8% gross yields in a rapidly developing area with growing expat populations. The district benefits from new infrastructure while maintaining reasonable property prices per square meter.
AEON Mall area generates 5-6% gross yields with strong family-oriented tenant demand. The location attracts stable, long-term renters seeking convenience and modern amenities.
Areas near international schools and established expat communities provide the highest rental stability, making them preferred choices for conservative rental investors seeking consistent returns.
Where are the best hotspots for property flipping?
Property flipping opportunities concentrate in areas experiencing rapid infrastructure development and price appreciation.
Suburban districts with new infrastructure offer the strongest flipping potential, particularly Kambol, Chbar Ampov, Kakab, and Sen Sok. These areas benefit from new roads and transport links, generating 15% appreciation within months of infrastructure completion.
New development zones near Techo Airport present medium-term flipping opportunities as airport development progresses. Properties in these areas typically offer lower entry prices per square meter with significant upside potential.
Areas along future metro corridors provide long-term flipping prospects, though timeline uncertainty requires careful consideration. Early position-taking can yield substantial returns when transportation projects complete.
Prime riverside luxury properties offer more stable but limited short-term upside potential. These properties work better for high-end flipping with longer hold periods rather than quick turnarounds.
Successful flipping requires timing infrastructure developments and purchasing before major price appreciation occurs in target districts.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Cambodia versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.
What are concrete examples of recent purchase prices per square meter?
Recent transactions across Phnom Penh demonstrate clear price segmentation by location and property type.
| Area/Segment | Property Type | Price per sqm |
|---|---|---|
| BKK1 (Premium) | Studio Condo | $2,774/sqm |
| Russian Market (Mid-range) | 1-Bedroom Condo | $1,300-$1,400/sqm |
| Riverside (Luxury) | 2-Bedroom Villa | $2,500-$3,000/sqm |
| Suburbs (Budget) | Townhouse | $1,000/sqm |
| Chroy Changvar (Emerging) | 2-Bedroom Condo | $1,200-$1,500/sqm |
| AEON Mall Area | 3-Bedroom Townhouse | $1,100-$1,400/sqm |
How have prices per square meter changed over recent years?
Phnom Penh's property market experienced significant fluctuations over the past five years before stabilizing in 2024-2025.
In 2020, average apartment prices reached $2,913 per square meter, with high-end properties at $3,041 per square meter. The market peaked during this period before experiencing corrections.
By 2024, average prices had adjusted to $1,500-$2,500 per square meter for central condos, representing approximately a 30% correction from 2019-2020 peaks due to oversupply concerns and market rebalancing.
Current 2025 averages range from $1,300-$2,700 per square meter for central condos and $1,000-$1,500 per square meter in suburban areas. The market has stabilized and shows renewed growth momentum.
Suburban areas demonstrate the strongest recent performance with 15.4% price increases over two years. Growth resumed in 2024-2025, particularly in outer zones benefiting from infrastructure development.
The market correction created opportunities for buyers who entered during the adjustment period, while recent stabilization suggests sustainable growth ahead.
What's the forecast for price per square meter in Phnom Penh?
Price forecasts for Phnom Penh show steady growth driven by infrastructure development and economic expansion.
2026 projections indicate average prices reaching $1,400-$1,600 per square meter, representing 5-10% annual growth from current levels. This growth rate appears sustainable given infrastructure investments and economic development.
By 2030, prices could reach $2,000-$2,400 per square meter as major infrastructure projects complete and urban development accelerates. The five-year outlook reflects moderate but consistent appreciation.
Long-term forecasts for 2035 suggest prices of $2,500-$3,000 per square meter, assuming successful completion of major metro projects and continued economic growth. These projections depend on sustained infrastructure investment and political stability.
Suburban areas likely will experience above-average growth as infrastructure development continues, while central areas may see more moderate appreciation from their higher base prices.
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How does Phnom Penh compare to other regional cities?
Phnom Penh offers competitive pricing compared to other major Southeast Asian cities as of mid-2025.
Ho Chi Minh City commands approximately $3,000 per square meter with 59% five-year price growth and strong sustained forecasts. The Vietnamese market shows greater maturity and higher price points than Phnom Penh.
Bangkok prices range from $3,500-$4,500 per square meter with 20-30% five-year growth and moderate future outlook. The Thai capital represents a mature market with limited upside compared to Phnom Penh.
Kuala Lumpur averages $2,500-$3,500 per square meter with 10-20% five-year growth but flat prospects and less upside potential. The Malaysian market faces headwinds that don't affect Cambodia.
Phnom Penh's $1,300-$2,700 per square meter pricing with 15% recent growth and moderate steady forecasts positions it as the most affordable option with considerable upside potential. The Cambodian capital offers emerging market dynamics with established infrastructure.
Regional comparison favors Phnom Penh for value-seeking investors willing to accept emerging market risks for potentially higher returns and lower entry costs per square meter.
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Phnom Penh's property market presents compelling opportunities across multiple price segments, from affordable suburban developments to premium central condos.
The combination of infrastructure development, stable growth forecasts, and competitive regional pricing makes the Cambodian capital attractive for both investors and owner-occupiers seeking value and upside potential.
Sources
- IPS Cambodia - Phnom Penh Condo Market Trends 2025
- Dabest Properties - Condo Price Range Phnom Penh
- BambooRoutes - Phnom Penh Property Analysis
- CBRE Cambodia
- Cambodia Realty Service - Bassac Garden City
- Asia Property Awards - Phnom Penh Market Updates 2024
- BambooRoutes - Phnom Penh Property Investment Guide
- Cambodia Property Asia - Average Apartment Prices
- Dabest Properties - Cambodia 2025 Property Tax Incentives
- CBRE Cambodia - Real Estate Law Guide 2025