Authored by the expert who managed and guided the team behind the Cambodia Property Pack
Yes, the analysis of Phnom Penh's property market is included in our pack
This article breaks down the current housing prices in Phnom Penh, with data we constantly update to keep it accurate.
You will find median prices, price per square meter, neighborhood comparisons, and real examples of what you can buy at different budgets.
We also explain where we got our numbers and how we calculated them, so you can trust what you read.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Phnom Penh.
Insights
- Phnom Penh property prices are quoted in US dollars in practice, even though the official currency is the Cambodian riel, which simplifies transactions for foreign buyers.
- The median home price in Phnom Penh sits around $160,000 in 2026, but the average reaches $230,000 because luxury villas and penthouses pull the number up.
- About 80% of Phnom Penh residential properties fall between $70,000 and $450,000, meaning most buyers can find something within a fairly wide but accessible range.
- Buyers in Phnom Penh typically negotiate 5% to 10% off the asking price, with landed homes seeing larger discounts than condos.
- Smaller units like studios in prime districts have the highest price per square meter in Phnom Penh because investors bid up these rentable spaces.
- BKK1 remains Phnom Penh's most expensive neighborhood, with prices reaching $5,500 per square meter for premium condos in 2026.
- New-build properties in Phnom Penh carry about a 12% premium over comparable existing homes, thanks to bundled amenities and modern layouts.
- Transfer tax in Cambodia is set at 4% of the property value, which becomes a significant cost on higher-priced homes.
- Entry-level buyers can still find older studios in outer districts like Por Senchey for around $60,000 to $90,000 in Phnom Penh.
- Phnom Penh property prices have risen about 35% over the past decade in nominal terms, but only around 8% when adjusted for inflation.
What is the average housing price in Phnom Penh in 2026?
The median housing price is more useful than the average because it shows what a typical buyer actually pays, without being skewed by a small number of very expensive luxury properties.
We are writing this as of the first half of 2026 using the latest data from authoritative sources like the National Bank of Cambodia, CBRE, and Knight Frank, which we manually double-checked for accuracy.
The median housing price in Phnom Penh in 2026 is approximately 642 million KHR, which converts to about $160,000 or around 135,000 euros. The average housing price in Phnom Penh in 2026 is higher at roughly 923 million KHR, equivalent to about $230,000 or around 194,000 euros.
About 80% of residential properties in the Phnom Penh market in 2026 fall within the range of 281 million to 1.8 billion KHR, or $70,000 to $450,000.
A realistic entry range in Phnom Penh in 2026 is 241 million to 361 million KHR ($60,000 to $90,000, or 51,000 to 76,000 euros), which typically gets you an older studio or one-bedroom condo around 35 to 50 square meters in areas like Chroy Changvar or outer Sen Sok.
A typical luxury property in Phnom Penh in 2026 ranges from 2.4 billion to 10 billion KHR ($600,000 to $2,500,000, or 507,000 to 2.1 million euros), and this includes large three to four bedroom penthouses or sky villas of 220 to 400 square meters in prime areas like BKK1 or Tonle Bassac with high-end amenities.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Phnom Penh.
Are Phnom Penh property listing prices close to the actual sale price in 2026?
In Phnom Penh in 2026, the estimated gap between listing prices and actual sale prices is around 7%, meaning buyers typically pay about 7% less than the asking price.
This happens because developers and sellers often build in negotiation room, especially during the current market stabilization phase where incentives like price reductions and payment plans are common. The gap tends to be larger for landed homes (7% to 10% below ask) than for condos (5% to 7% below ask), and buyers with cash or flexible timelines have the most bargaining power.
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What is the price per sq m or per sq ft for properties in Phnom Penh in 2026?
As of early 2026, the median housing price per square meter in Phnom Penh is approximately 8.2 million KHR ($2,050, or 1,732 euros), while the average is around 9.6 million KHR ($2,400, or 2,028 euros). Per square foot, the median is about 764,000 KHR ($190, or 161 euros) and the average is roughly 895,000 KHR ($223, or 188 euros).
Smaller units like studios and one-bedroom condos in prime districts have the highest price per square meter in Phnom Penh in 2026 because they remain affordable as a total purchase while attracting investors seeking rental yields, whereas large family homes in outer districts have the lowest price per square meter due to fewer buyers for big ticket sizes.
The highest price per square meter in Phnom Penh in 2026 is found in BKK1, Tonle Bassac, and prime riverside areas, typically ranging from 12 million to 22 million KHR ($3,000 to $5,500) per square meter. The lowest prices are in outer areas like Prek Pnov and Por Senchey, where you can expect around 4.4 million to 8 million KHR ($1,100 to $2,000) per square meter.
How have property prices evolved in Phnom Penh?
Compared to one year ago (January 2025), Phnom Penh property prices have increased by about 1% in nominal terms, but when you adjust for inflation of around 2%, prices have actually declined slightly by about 1% in real terms. This flat performance reflects a market that is stabilizing after a correction period, with developers using incentives and financing offers to move inventory.
Looking back ten years to January 2016, Phnom Penh property prices have risen by approximately 35% in nominal terms, which translates to only about 8% in inflation-adjusted terms. This modest real growth over a decade reflects the boom-then-correction cycle the city experienced, with rapid expansion in the early years followed by several years of cooling and price sensitivity among buyers.
By the way, we've written a blog article detailing the latest updates on property price variations in Phnom Penh.
Finally, if you want to know whether now is a good time to buy a property there, you can check our pack covering everything there is to know about the housing market in Phnom Penh.
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.
How do prices vary by property type in Phnom Penh in 2026?
In the Phnom Penh market in 2026, condominiums and apartments make up about 45% of listings, borey terraced houses and shophouses represent around 35%, villas account for roughly 15%, and older traditional land-plus-house properties make up the remaining 5%, reflecting the city's heavy investment in vertical housing and modern developments over the past decade.
Average prices by property type in Phnom Penh as of the first half of 2026 are as follows: condos and apartments average around 602 million KHR ($150,000, or 127,000 euros), borey terraced houses average about 883 million KHR ($220,000, or 186,000 euros), shophouses average approximately 1.28 billion KHR ($320,000, or 270,000 euros), semi-detached villas average around 1.81 billion KHR ($450,000, or 380,000 euros), detached villas average about 2.61 billion KHR ($650,000, or 549,000 euros), and penthouses or luxury units average approximately 4.81 billion KHR ($1,200,000, or 1,014,000 euros).
If you want to know more, you should read our dedicated analyses:
- How much do properties cost in Phnom Penh?
- How much should you pay for an apartment in Phnom Penh?
- How much should you pay for a condo in Phnom Penh?
- How much should you pay for a studio in Phnom Penh?
How do property prices compare between existing and new homes in Phnom Penh in 2026?
New-build properties in Phnom Penh in 2026 carry an estimated premium of about 12% over comparable existing homes.
This premium exists because new builds typically include bundled amenities like security, swimming pools, gyms, and parking, along with modern layouts and developer financing options that buyers are willing to pay extra for.
Buying real estate in Phnom Penh can be risky
An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
How do property prices vary by neighborhood in Phnom Penh in 2026?
BKK1 (Boeung Keng Kang 1) is Phnom Penh's most sought-after expat neighborhood, featuring modern condos and serviced apartments with average prices around 1.4 billion KHR ($350,000, or 296,000 euros). Prices here are high because of walkability, a concentration of restaurants and cafes, and proximity to embassies and the international community.
Tonle Bassac offers higher-end condos near lifestyle corridors and the river, with average prices around 1.2 billion KHR ($300,000, or 254,000 euros). This area attracts buyers who want central living with access to newer towers and premium amenities without the very top prices of BKK1.
Daun Penh, including the riverside core, features a mix of character buildings and premium riverfront condos with average prices around 1.12 billion KHR ($280,000, or 237,000 euros). The historic appeal and riverside setting make this area popular with those seeking a blend of old Phnom Penh charm and modern convenience.
You will find a much more detailed analysis by areas in our property pack about Phnom Penh. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Neighborhood | Character | Avg Price Range (KHR and $) | Avg per sqm (KHR and $) | Avg per sqft (KHR and $) |
|---|---|---|---|---|
| BKK1 | Expat / Nightlife | 1.6B - 6B KHR ($400k - $1.5M) | 14M - 22M KHR ($3,500 - $5,500) | 1.3M - 2M KHR ($325 - $511) |
| Tonle Bassac | Expat / Riverside | 1.2B - 4.8B KHR ($300k - $1.2M) | 12M - 19M KHR ($3,000 - $4,800) | 1.1M - 1.8M KHR ($279 - $446) |
| Daun Penh | Heritage / Walkable | 1B - 4B KHR ($250k - $1M) | 11M - 18M KHR ($2,800 - $4,500) | 1M - 1.7M KHR ($260 - $418) |
| Toul Tompoung | Popular / Cafes | 802M - 2.4B KHR ($200k - $600k) | 8.8M - 14M KHR ($2,200 - $3,500) | 820k - 1.3M KHR ($204 - $325) |
| Toul Kork | Family / Schools | 882M - 3.2B KHR ($220k - $800k) | 8M - 12.8M KHR ($2,000 - $3,200) | 745k - 1.2M KHR ($186 - $297) |
| Chamkarmon | Central / Mixed | 842M - 3.6B KHR ($210k - $900k) | 8.8M - 14.4M KHR ($2,200 - $3,600) | 820k - 1.3M KHR ($204 - $334) |
| Sen Sok | Family / New Builds | 401M - 1.6B KHR ($100k - $400k) | 6.4M - 10.4M KHR ($1,600 - $2,600) | 597k - 969k KHR ($149 - $242) |
| Chroy Changvar | Value / River Views | 361M - 1.4B KHR ($90k - $350k) | 6M - 10M KHR ($1,500 - $2,500) | 560k - 931k KHR ($139 - $232) |
| Mean Chey | Mass Market | 321M - 1.2B KHR ($80k - $300k) | 5.2M - 8.8M KHR ($1,300 - $2,200) | 485k - 820k KHR ($121 - $204) |
| Por Senchey | Entry / Commute | 281M - 1B KHR ($70k - $250k) | 4.8M - 8M KHR ($1,200 - $2,000) | 447k - 745k KHR ($112 - $186) |
| Chbar Ampov | Value / Expansion | 321M - 1.2B KHR ($80k - $300k) | 4.8M - 8.4M KHR ($1,200 - $2,100) | 447k - 782k KHR ($112 - $195) |
| Prek Pnov | Outer / Budget | 241M - 802M KHR ($60k - $200k) | 4.4M - 7.2M KHR ($1,100 - $1,800) | 410k - 671k KHR ($102 - $167) |
How much more do you pay for properties in Phnom Penh when you include renovation work, taxes, and fees?
When you include all additional costs, the total price of a property in Phnom Penh in 2026 typically increases by 6% to 30% above the purchase price, depending on the property condition and whether you plan renovations.
If you buy a property around $200,000 (about 803 million KHR) in Phnom Penh in 2026, you should budget for roughly $8,000 in transfer tax (4% of value), $500 to $2,000 in legal fees, and potentially $2,000 to $8,000 for light renovations. This brings your total cost to approximately $210,500 to $218,000.
For a property around $500,000 (about 2 billion KHR), the transfer tax alone is $20,000, legal and documentation fees add another $1,000 to $2,000, and moderate renovations could run $10,000 to $25,000. Your all-in cost would likely be between $531,000 and $547,000.
At the $1,000,000 level (about 4 billion KHR), transfer tax is $40,000, legal fees are $1,500 to $2,000, and if you do significant renovations on a larger property, expect $20,000 to $40,000 more. The total cost could reach $1,061,500 to $1,082,000.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Phnom Penh
| Expense | Category | Estimated Cost Range (KHR and $) |
|---|---|---|
| Transfer Tax / Stamp Duty | Tax | 4% of property value. For a $200,000 property, this is about 32 million KHR ($8,000). This is Cambodia's standard rate for property transfers. |
| Legal and Documentation Fees | Fees | 2 million to 8 million KHR ($500 to $2,000). This covers lawyer fees for contract review and due diligence. Costs increase for more complex transactions or higher-value properties. |
| Registration and Admin | Fees | 400,000 to 1.6 million KHR ($100 to $400). This includes government paperwork, translations, and notarization. These are standard administrative costs for property registration. |
| Agent or Broker Fee | Fees | 0% to 2% of property value, if buyer pays. Often this is paid by the seller, but it varies. Negotiate this upfront before signing any agreement. |
| Light Renovation | Renovation | 8 million to 32 million KHR ($2,000 to $8,000). This covers painting, new fixtures, and minor updates. Typical for resale condos that need a refresh before moving in. |
| Heavy Renovation | Renovation | 40 million to 160 million KHR ($10,000 to $40,000). This includes kitchen and bathroom remodels, electrical and plumbing work. Common for older villas or properties bought below market value. |
We made this infographic to show you how property prices in Cambodia compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What properties can you buy in Phnom Penh in 2026 with different budgets?
With $100,000 in Phnom Penh as of the first half of 2026, you could buy a one-bedroom condo of about 45 square meters in Por Senchey (existing, basic finish), a studio or small one-bedroom of around 40 square meters in Chroy Changvar (existing), or a compact borey terraced house of 80 to 90 square meters in outer Prek Pnov (older phase), though options in prime central zones are very limited at this price point.
With $200,000, you could purchase a two-bedroom condo of about 75 square meters in Sen Sok (newer, mid-market), a one to two bedroom condo of around 65 square meters in Toul Kork (existing, good building), or a borey terraced house of 110 to 130 square meters in Chbar Ampov (newer construction).
With $300,000, your options include a two-bedroom condo of about 90 square meters in Toul Tompoung (newer), a small borey shophouse of 120 to 140 square meters in Mean Chey (newer), or a townhouse of around 140 square meters in Sen Sok (newer phase, family-oriented).
With $500,000, you could buy a three-bedroom condo of about 150 square meters in Tonle Bassac (newer, upper-mid range), a semi-detached villa of around 220 square meters in Toul Kork (newer), or a detached house of about 250 square meters in Chroy Changvar with river view pockets (newer construction).
With $1,000,000, you could purchase a large three to four bedroom condo of about 250 square meters in BKK1 (new, luxury building), a detached villa of around 400 square meters in Toul Kork (high-spec renovation), or a prime riverside-facing condo of 200 to 240 square meters in Daun Penh (premium view).
With $2,000,000, you enter trophy property territory in Phnom Penh, where inventory is limited but options include a penthouse or sky villa of 350 to 450 square meters in BKK1 (new, branded-style tower), a large detached villa of 600+ square meters in Tonle Bassac (prime plot with high finish), or an ultra-prime riverfront luxury unit of about 400 square meters in the Daun Penh river corridor (new construction).
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Phnom Penh.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Phnom Penh, we always rely on the strongest methodology we can … and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why It's Authoritative | How We Used It |
|---|---|---|
| National Bank of Cambodia (Exchange Rates) | Cambodia's central bank publishes official daily reference exchange rates. | We used NBC's rates to convert USD prices into Cambodian riel and euros. We took the latest available rates before January 2026 for consistency. |
| National Bank of Cambodia (Statistics) | The central bank's official distribution point for economic time-series data including CPI and property indexes. | We used this to track the direction of housing prices over time. We cross-checked with other sources to avoid relying on a single data series. |
| IMF Technical Assistance Report | An IMF document specifically focused on improving Cambodia's Residential Property Price Index methodology. | We used this to validate that Cambodia's official housing price index exists and is maintained with international support. We referenced it for methodology credibility. |
| Knight Frank Cambodia (H2 2024) | A major global real-estate consultancy with on-the-ground market tracking in Cambodia. | We used Knight Frank's data to understand Phnom Penh's market structure and demand signals. We shaped our price examples based on their segment descriptions. |
| CBRE Phnom Penh (Q3 2024) | CBRE is a top-tier global real-estate firm with consistent metrics and recurring market reports. | We used CBRE's headline condo sales-price metric to anchor price-per-sqm levels. We triangulated this with other sources to estimate citywide typical prices. |
| Global Property Guide | A secondary source that transparently cites NBC and CBRE figures, making verification straightforward. | We used this only as a cross-check for NBC and CBRE data. We did not treat it as a primary source, only as a triangulation layer. |
| KPMG TaxNewsFlash | KPMG is a top global audit and tax firm summarizing official tax measures with traceable references. | We used KPMG's guidance to support our tax and fee section, especially temporary relief measures. We paired it with other sources since it's an interpretation. |
| Knight Frank Cambodia Tax Guide | A major real-estate advisory firm publishing practical tax guidance that matches statutory practice. | We used this for the standard transfer tax rate and timing information. We triangulated with KPMG to reduce single-source error risk. |
| National Bank of Cambodia (Main Site) | The central bank's main website provides access to all official monetary and financial publications. | We used the main NBC portal to navigate to specific datasets. We verified that data downloads matched published reports. |
| CBRE Cambodia | The local office of a global commercial real estate services firm with market research capabilities. | We used CBRE Cambodia's published research to understand local market conditions. We cross-referenced their findings with Knight Frank data. |
| Knight Frank Cambodia | A global property consultancy with a dedicated Cambodia team producing regular market analysis. | We used their local website for additional property guides and market context. We combined this with their formal research PDFs. |
| International Monetary Fund | The global financial institution provides technical assistance and validates statistical methodologies. | We referenced IMF publications to confirm the credibility of Cambodia's official property statistics. We used their methodology guidance for context. |
| World Bank | A major international financial institution tracking economic development indicators globally. | We used World Bank data to contextualize Cambodia's economic growth. We cross-checked macroeconomic figures that affect property markets. |
| Asian Development Bank | A regional development bank with detailed economic reports on Southeast Asian countries. | We referenced ADB reports for regional economic context. We used their Cambodia assessments to understand broader market conditions. |
| Realestate.com.kh | Cambodia's leading property listing portal with extensive inventory data. | We used listing data to verify price ranges across different property types. We compared asking prices with consultancy estimates. |
| PhnomPenh.com | A local information portal that aggregates property market reports and local news. | We accessed CBRE reports hosted on this site. We used it as a convenient source for market research PDFs. |
| Construction and Property Magazine | A Cambodia-focused publication covering real estate development and construction trends. | We used their articles to understand new development activity. We cross-referenced project launches with consultancy data. |
| Khmer Times | A major English-language newspaper in Cambodia covering business and property news. | We used news articles to track recent market developments. We verified significant announcements against official sources. |
| Phnom Penh Post | Cambodia's oldest English-language newspaper with extensive business coverage. | We referenced their property market coverage for context. We used their reporting to identify market trends. |
| General Department of Taxation Cambodia | The official government tax authority responsible for property transfer taxes. | We verified transfer tax rates against official government sources. We used this to confirm the 4% stamp duty rate. |
| Ministry of Land Management | The government ministry overseeing land registration and property rights in Cambodia. | We referenced ministry information for property registration procedures. We used this to understand documentation requirements. |
| National Institute of Statistics Cambodia | The official government statistics body publishing demographic and economic data. | We used NIS data for population and household statistics. We cross-referenced their figures with central bank publications. |
| Asia Property Awards | A regional property awards organization that tracks notable developments across Asia. | We used their coverage to identify significant new projects in Phnom Penh. We referenced their reporting for luxury market context. |
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