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Siem Reap's property market is experiencing a remarkable transformation in 2025.
The city's real estate sector is thriving with tourism recovery, new infrastructure projects, and growing investor confidence driving both residential and commercial property values upward.
If you want to go deeper, you can check our pack of documents related to the real estate market in Cambodia, based on reliable facts and data, not opinions or rumors.
Siem Reap's property market is experiencing strong growth in 2025, with residential prices up 8-20% year-over-year and rental yields averaging 7-8% for condos.
Tourism recovery and major infrastructure investments are driving demand, while foreign ownership policies allow up to 70% condo ownership above ground level.
| Property Type | Price Range (USD) | Rental Yield | Market Trend |
|---|---|---|---|
| Condominiums | $100,000 - $300,000+ | 7-8% annually | 8% price growth YoY |
| Villas | $89,000 - $950,000 | 7-8% annually | 15-20% appreciation since 2024 |
| Commercial Units | $220,000 - $1,500,000 | Data limited | Strong retail demand post-COVID |
| Residential Median | $205,366 | N/A | Above pre-pandemic levels |
| Commercial Median | $691,266 | N/A | Driven by tourism recovery |
What are the current average prices for residential and commercial properties in Siem Reap?
As of September 2025, Siem Reap's residential property market shows a median price of approximately $205,366.
Condominiums in Siem Reap are priced between $100,000 and $300,000, which translates to $1,900–$2,800 per square meter depending on the project quality and location. Premium developments near tourist areas command higher prices within this range.
Villa prices span a wider range from $89,000 to $950,000, with most properties falling between $104,991 and $559,227. The significant price variation reflects differences in size, location, and amenities offered.
Commercial properties in Siem Reap have a median price of about $691,266, with units available from $220,000 up to $1,500,000. The final price depends heavily on the property's size, intended use, and strategic location within the city.
How have property prices in Siem Reap changed over the past 5 years?
Siem Reap's property market experienced a significant downturn during the COVID-19 pandemic from 2020 to 2021, but has shown remarkable recovery since 2023.
Condominium prices have increased by approximately 8% year-over-year as of September 2025. Villa properties have shown even stronger performance with 15-20% appreciation since 2024.
Residential property values in central Siem Reap and developing neighborhoods have now surpassed their pre-pandemic levels. This recovery is primarily driven by new infrastructure developments and the revival of tourism in the region.
The market's resilience demonstrates strong underlying demand from both local and international investors who recognize Siem Reap's long-term potential as Cambodia's premier tourist destination.
What are the rental yields right now for apartments, villas, and commercial units in the city?
Siem Reap offers attractive rental yields that outperform many regional competitors in 2025.
Condominiums and apartments generate average net rental yields of 7-8% per annum, which is notably higher than most ASEAN markets. Properties located near major tourist attractions and well-managed developments often achieve yields at the top of this range.
Villas produce similar or slightly higher rental yields, typically in the 7-8% range. Many villa developments offer guaranteed leaseback programs that appeal to international buyers seeking predictable returns.
Commercial property rental yield data remains limited, but early indicators suggest competitive returns due to robust retail and food & beverage demand following the pandemic recovery. The strong tourism sector supports commercial real estate performance across the city.
How is tourism recovery after COVID affecting demand for real estate in Siem Reap?
Tourism recovery has become the primary catalyst driving Siem Reap's real estate boom in 2025.
The opening of the new Siem Reap International Airport and completed national infrastructure upgrades have restored tourist confidence, pushing hotel occupancy rates to approximately 85%. This tourism surge directly translates into increased demand for both residential and commercial properties.
International visitors from China, ASEAN countries, and Europe are major forces supporting the real estate market. Their return has created strong rental demand for short-term accommodation and investment properties.
Property developers are responding to this tourism-driven demand by launching new projects specifically designed to capture rental income from the hospitality sector. The synergy between tourism recovery and real estate investment continues to strengthen throughout 2025.
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What government policies or foreign ownership rules are currently influencing property investments here?
Cambodia maintains clear and well-defined foreign ownership policies that directly impact Siem Reap's property market.
Foreign investors can own up to 70% of units in strata-titled condominium buildings, but only from the first floor upwards - ground floor units must remain Cambodian-owned. Direct land ownership by foreigners is prohibited under Cambodian law.
Alternative investment structures include forming companies with 51% Cambodian ownership, securing long-term leases ranging from 50-70 years, or utilizing trust arrangements. These options provide flexibility for foreign investors seeking property exposure in Siem Reap.
The government has maintained stable policies to encourage foreign investment while protecting local interests. It's something we develop in our Cambodia property pack.
Which neighborhoods in Siem Reap are seeing the most development and price growth?
Svay Dangkum and the eastern corridors of Siem Reap are experiencing the fastest development and price appreciation in 2025.
These areas feature new gated communities, premium villa developments, and urbanization projects such as the prominent Dreamville development. The combination of modern amenities and strategic location drives investor interest.
Central Siem Reap continues to attract luxury developments and tourism-focused investments due to its proximity to Angkor Wat and established infrastructure. Properties near the temple complex maintain premium valuations.
Emerging neighborhoods benefit from improved connectivity through new road projects and urban planning initiatives. These areas offer growth potential at more accessible price points compared to established central locations.
What are the main infrastructure projects or urban developments planned in Siem Reap?
Siem Reap benefits from several major infrastructure projects that are reshaping the city's real estate landscape.
| Project Name | Status | Impact on Real Estate |
|---|---|---|
| Siem Reap River Improvement Project Phase 2 | Completed | Enhanced flood control and waterfront property values |
| Siem Reap River Improvement Project Phase 3 | Planned | Further urban beautification and property appreciation |
| Ring Road 3 (Green Urban Bypass) | Under construction | Improved connectivity and new development zones |
| New 15km tourist access roads | Completed | Better accessibility to Angkor Wat area properties |
| Dreamville Gated Community | Active development | Premium residential supply in eastern corridor |
| New Siem Reap International Airport | Operational | Increased tourism and property demand |
How much supply is coming onto the market in terms of new condos, hotels, and commercial buildings?
Siem Reap's property supply is carefully managed to prevent oversupply, with only three major condominium projects currently in the market due to city height restrictions.
New residential supply primarily comes from luxury villa developments and affordable master-planned suburban communities rather than high-rise condominiums. This controlled supply approach helps maintain price stability and rental yields.
Commercial and hospitality supply is expanding in response to tourism recovery, but developers are taking a cautious approach to avoid the oversupply issues seen in other Cambodian markets like Phnom Penh.
The development pace reflects both heritage preservation requirements around Angkor Wat and strategic market planning. This measured approach to new supply supports sustained price growth and rental performance across property types.
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 financing options are available locally for both Cambodians and foreign investors?
Financing options in Siem Reap differ significantly between Cambodian nationals and foreign investors.
Cambodian buyers can access mortgages from both local and international banks operating in Cambodia, with competitive interest rates and terms. Major banks like ABA Bank, ACLEDA Bank, and Canadia Bank offer residential mortgage products.
Foreign investors face more limited financing options, with formal mortgages rarely available to non-residents. Most foreign buyers purchase properties with cash or utilize developer financing plans that spread payments over construction periods.
Alternative financing structures include joint venture companies with local partners, leasehold arrangements with payment plans, and trust structures that can facilitate property acquisition. It's something we develop in our Cambodia property pack.
How does Siem Reap's market compare with Phnom Penh and Sihanoukville right now?
Siem Reap's property market distinguishes itself from Cambodia's other major cities through unique characteristics and performance metrics.
| Market | Condo Prices (USD/sqm) | Rental Yield (%) | Supply/Development | Main Market Drivers |
|---|---|---|---|---|
| Siem Reap | 1,900–2,800 | 7–8 | Cautious, heritage-constrained | Tourism, limited supply |
| Phnom Penh | 2,200–3,500 | 5–7 | Oversupply in luxury segment | Urbanization, mixed investment |
| Sihanoukville | 1,800–2,400 | 7.1 | Casino/hospitality boom | Chinese investment, tourism |
What risks or challenges could impact the property market outlook in Siem Reap in the next 3–5 years?
Several risk factors could influence Siem Reap's property market performance over the medium term.
- Tourism Dependence: The market's heavy reliance on tourism makes it vulnerable to global travel disruptions, economic downturns, or geopolitical tensions affecting visitor arrivals.
- Political and Regulatory Changes: Potential modifications to foreign ownership laws or investment policies could impact international buyer demand and market liquidity.
- Infrastructure Misalignment: Delays in planned infrastructure projects or poor execution could limit accessibility and development potential in emerging areas.
- Oversupply Risk: Rapid development in certain segments could lead to oversupply, particularly if tourism growth doesn't keep pace with new property supply.
- Climate and Environmental Factors: Flooding, extreme weather events, or environmental restrictions around Angkor Wat could affect property values and development opportunities.
What do local agents and developers expect in terms of price trends for the coming year?
Local real estate professionals maintain optimistic expectations for Siem Reap's property market in 2025-2026.
Agents and developers anticipate annual property price growth of 8-10%, particularly in areas benefiting from tourism recovery and infrastructure improvements. This growth expectation is based on sustained demand and controlled supply.
Tourism-linked properties and infrastructure-enhanced zones are expected to lead price appreciation. Well-located condominiums, premium villas, and properties in new lifestyle-oriented communities are projected to outperform the market average.
The consensus among market participants is that Siem Reap's unique position as Cambodia's cultural and tourism hub will continue driving property values upward. However, they emphasize the importance of location and project quality in achieving optimal returns. It's something we develop in our Cambodia property pack.
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.
Siem Reap's property market outlook for 2025 remains highly positive, supported by tourism recovery, strategic infrastructure investments, and controlled supply growth.
The combination of attractive rental yields, clear foreign ownership policies, and ongoing urban development makes Siem Reap an compelling destination for both investment and lifestyle property purchases.
Sources
- IPS Cambodia - Siem Reap Condo Market Trends 2025
- BambooRoutes - Siem Reap Price Forecasts
- BambooRoutes - Siem Reap Property Guide
- RealEstate.com.kh - Commercial Properties Siem Reap
- BambooRoutes - Siem Reap Real Estate Market
- Global Property Guide - Cambodia Price History
- BambooRoutes - Cambodia Buy Property Guide
- Hunter Estate - Siem Reap Market Update 2025
- CBRE Cambodia - Real Estate Law Guide 2025
- RealEstate.com.kh - Foreign Ownership Laws Cambodia