Get all the data you need about the real estate market in Phnom Penh
This article focuses specifically on apartments in Phnom Penh, covering all the main neighborhoods where you are likely to search.
We constantly update this blog post so the prices you see here reflect the Phnom Penh apartment market as of 2026.
The data below will help you quickly understand what budget you need, which neighborhoods fit your price range, and how much apartments typically cost across the city.
And if you're planning to buy a property in this place, you may want to download our real estate pack about Phnom Penh.
A quick summary of Phnom Penh apartment prices in 2026
| Metric | Value |
|---|---|
| Most expensive neighborhood for apartments in Phnom Penh | BKK1 (avg. $2,900/sqm) |
| Most affordable neighborhood for apartments in Phnom Penh | Por Sen Chey (avg. $950/sqm) |
| Average price per square meter across all Phnom Penh neighborhoods | Around $1,900/sqm |
| Median apartment price across Phnom Penh | Around $120,000 |
| Lowest realistic starting budget to buy an apartment in Phnom Penh | Around $30,000 (BKK2) |
| Most expensive apartment type in Phnom Penh | Two-bedroom apartments |
| Most affordable apartment type in Phnom Penh | Studio apartments |
| Average price for a studio apartment in Phnom Penh | Around $60,000 |
| Average price for a one-bedroom apartment in Phnom Penh | Around $90,000 |
| Average price for a two-bedroom apartment in Phnom Penh | Around $145,000 |
| Price gap between the most and least expensive Phnom Penh neighborhoods | About 3x on a per square meter basis (BKK1 vs. Por Sen Chey) |
| Price spread across Phnom Penh neighborhoods | Wide: from $950/sqm to $2,900/sqm depending on the area |
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Phnom Penh neighborhoods ranked by apartment purchase price in 2026
This table ranks the top neighborhoods in the Phnom Penh apartment market by purchase price, from the most expensive to the most affordable.
For each neighborhood, you will find the average price per square meter, the median property price, the starting budget, the average price for a studio apartment, a one-bedroom apartment, and a two-bedroom apartment, the typical buyer profile, the key advantages, the key drawbacks, and the market segment.
Finally, please note you'll find much more detailed data in our real estate pack about Phnom Penh.
| Rank | Neighborhood | Average Price per Square Meter | Median Property Price | Starting Budget | Average Price for a Studio Apartment | Average Price for a One-Bedroom Apartment | Average Price for a Two-Bedroom Apartment | Typical Buyers | Key Pros | Key Cons | Market Segment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | BKK1 | $2,900/sqm | $177,000 | $68,000 | $78,000 | $125,000 | $215,000 | International lifestyle buyers | Best walkability in Phnom Penh, embassy district location, strongest expat rental demand, and the deepest resale market in the city | Heavy competition for quality units, premium service charges, and many towers already price in the location advantage | Luxury |
| 2 | Tonle Bassac | $2,650/sqm | $199,000 | $90,000 | $92,000 | $138,000 | $220,000 | Prime urban investors | Strong modern tower stock near AEON, Noro Mall, and Koh Pich, with broad renter appeal across tenant types | Traffic is intense, some stock is investor-heavy, and pricing varies sharply depending on the tower | Luxury |
| 3 | Daun Penh / Riverside | $2,450/sqm | $200,000 | $49,000 | $62,000 | $105,000 | $175,000 | Central-location professionals | Historic center of Phnom Penh, riverfront access, proximity to government and business hubs, and scarce central apartment stock | Older buildings are common, parking is weaker, and product quality is less consistent from one tower to the next | Premium |
| 4 | BKK2 | $2,150/sqm | $95,000 | $30,000 | $35,000 | $72,000 | $130,000 | Value-seeking central buyers | Central Phnom Penh address at a lower entry price than BKK1, with easy access to offices and daily services | Apartment stock is thinner, many units are older, and resale comparables are less consistent than in BKK1 | Premium |
| 5 | Russian Market (Tuol Tumpung 1) | $2,050/sqm | $120,000 | $55,000 | $60,000 | $95,000 | $155,000 | Lifestyle owner-occupiers | Popular cafe and retail district in Phnom Penh with strong local buzz and good liveability for younger buyers | New-build pricing can overshoot the broader area, and small-unit data can push headline price per sqm figures higher than reality | Premium |
| 6 | Olympic | $1,900/sqm | $185,000 | $55,000 | $58,000 | $82,000 | $150,000 | Inner-city upgrader households | Very central location in Phnom Penh, close to Olympia Mall, and practical for buyers wanting a city-core base | Small sample size, mixed building ages, and some pricing depends heavily on one or two individual projects | Mid-Market |
| 7 | Tuek Thla | $1,800/sqm | $125,000 | $48,000 | $55,000 | $78,000 | $125,000 | Airport-corridor households | Strong access to the airport and Russian Boulevard, newer projects available, and practical pricing for local professionals in Phnom Penh | Less prestige than the central districts, and some stock feels car-dependent rather than walkable | Mid-Market |
| 8 | Boeung Kak 1 | $1,700/sqm | $110,000 | $49,000 | $52,000 | $74,000 | $125,000 | Family-focused urban buyers | Good balance of city access, schools, and newer condo projects in the Toul Kork area of Phnom Penh | Less prime than the BKK districts, and some projects are still selling off-plan rather than finished units | Mid-Market |
| 9 | Toul Kork | $1,650/sqm | $84,000 | $50,000 | $52,000 | $70,000 | $118,000 | Apartment-upgrading families | Established residential district in Phnom Penh with schools, malls, and steady family demand | Commutes can be slow, and not every project achieves the resale premiums seen in the city center | Mid-Market |
| 10 | Chroy Changvar | $1,600/sqm | $110,000 | $59,000 | $60,000 | $80,000 | $125,000 | River-view budget seekers | Riverfront setting in Phnom Penh and newer project land economics keep many units relatively affordable for the feel you get | Bridge dependence is a real factor, and some buyers see Chroy Changvar as less convenient for daily commutes into the center | Affordable |
| 11 | Boeung Tompun | $1,450/sqm | $100,000 | $55,000 | $58,000 | $72,000 | $110,000 | Emerging-area investors | Fast-growing south-side location in Phnom Penh with improving infrastructure and cheaper entry than central Chamkarmon | Micro-location quality varies a lot from one block to the next, and some projects feel more speculative than established | Affordable |
| 12 | Por Sen Chey | $950/sqm | $80,000 | $45,000 | $48,000 | $62,000 | $88,000 | Entry-budget local buyers | Lowest realistic apartment entry point among the major Phnom Penh search areas, especially near airport-side projects | Weakest prestige of any neighborhood on this list, thinner resale market, and product quality is more uneven than inner-city districts | Budget |
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Key insights about apartment purchase prices in Phnom Penh
Insights
- BKK1 apartment prices in Phnom Penh are roughly 3 times higher per square meter than Por Sen Chey, which means your neighborhood choice matters far more than your negotiation skills when setting a budget.
- Tonle Bassac has a higher median property price than BKK1 ($199,000 vs. $177,000) even though its price per sqm is lower, because the average unit sold there tends to be larger.
- Daun Penh stays expensive not because it has the newest towers, but because central Phnom Penh apartment stock is genuinely scarce, and scarcity keeps prices elevated regardless of building age.
- BKK2 is Phnom Penh's main "central but cheaper" apartment option, with a starting budget as low as $30,000, which is the lowest entry point of any central neighborhood on this list.
- Russian Market pricing can look inflated on a per sqm basis because a small number of new boutique towers with tiny studios push the average up, making the area appear pricier than it actually is across the board.
- In Phnom Penh, the price jump from a studio to a one-bedroom apartment is typically smaller than the jump from a one-bedroom to a two-bedroom, so two-bedroom units carry a disproportionate premium relative to the extra space.
- Chroy Changvar offers river-view apartments at around $1,600/sqm, which is genuinely competitive for a waterfront location, but the bridge commute into central Phnom Penh is a consistent trade-off buyers need to factor in.
- If your total budget is under $80,000, your realistic choices in Phnom Penh cluster in BKK2, Tuek Thla, Toul Kork, and Por Sen Chey. Most other central neighborhoods put you out of reach at that level.
- Around $120,000, the Phnom Penh apartment market opens up considerably: you can access a solid one-bedroom in Tonle Bassac, Russian Market, or Daun Penh, rather than being pushed to outer districts.
- Above roughly $180,000, buyers in Phnom Penh are largely paying for location quality and prestige rather than meaningfully more apartment space, since unit sizes do not increase proportionally at that price level.
- Toul Kork is more about family practicality than prestige: it consistently attracts buyers who want schools and malls nearby, not buyers chasing a prime address or resale premium.
- Boeung Tompun is one of the few Phnom Penh neighborhoods where project selection matters more than the district itself, because quality varies so much from one development to the next within the same area.
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About our methodology
Phnom Penh does not have a single official public database that publishes transaction-level apartment prices by neighborhood. For this reason, the figures in this article are triangulated estimates: we anchored them with professional market reports for the Phnom Penh condo and apartment sector, then cross-checked neighborhood medians and live asking-price data from large listing portals, and finally normalized the results into buyer-friendly apartment averages.
We also believe it is important to show our reasoning. It is one of the ways we make our work solid, transparent, and rigorous, just as you will see in our real estate pack about Phnom Penh.
First, please note that this data is updated regularly, so what you see here reflects the current values as of today.
In order to get reliable data, we applied a strict source filter. We only used authoritative, verifiable sources, not random listings or unsupported figures. More on that point below.
For each Phnom Penh neighborhood, we aggregated the freshest apartment purchase price data available. When possible, we cross-checked multiple sources to confirm the same price range.
This allowed us to estimate the average price per square meter and the median property price for each neighborhood.
We also calculated the starting budget, which represents the lowest realistic entry point to buy an apartment in that neighborhood. This is not the cheapest possible listing, but a real, achievable floor for a standard apartment purchase in Phnom Penh.
For each apartment category, we estimated an average purchase price based on local market conventions. The typical size and layout of a studio, a one-bedroom, and a two-bedroom apartment can vary across Phnom Penh neighborhoods, so we adapted our estimates accordingly.
These estimates were not applied as one flat number across the city. They were adjusted by neighborhood and apartment type to better reflect local ownership conditions and price levels in Phnom Penh.
This table should therefore be read as a structured market estimate, not as an exact guarantee of transaction prices. Honesty, quality, and rigor are at the core of our work, and they are also what you will find in our real estate pack about Phnom Penh.
What sources did we use to write this article about Phnom Penh apartment prices?
Whether it's in our blog articles or the market analyses included in our real estate pack about Phnom Penh, we rely on verifiable sources and a transparent methodology.
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 |
|---|---|---|
| IMF Technical Assistance Report on Cambodia RPPI | It is a technical report from the International Monetary Fund built around Cambodia's official residential property price index. | We used it to understand how the Phnom Penh apartment market should be split into central, inner-suburban, and outer-suburban layers. We also used it to avoid forcing false precision where neighborhood-level transaction data is not publicly available. |
| Knight Frank Cambodia Real Estate Highlights H1 2025 | Knight Frank is one of the most established international real estate research firms active in the Cambodia market. | We used it for Phnom Penh condo segment pricing, district supply levels, and buyer-demand direction. We also used it to benchmark what counts as core, mid-tier, high-end, and prime pricing across the city. |
| Knight Frank Cambodia Real Estate Highlights H2 2025 | It is a fresh professional market report covering the second half of 2025 from a globally recognized real estate research firm. | We used it to check whether the H1 2025 pricing signals still held into late 2025. We used it to make sure the neighborhood rankings were not built on a stale phase of the market. |
| IPS Cambodia Phnom Penh Condo Market Trends 2025 | IPS is a long-running Phnom Penh brokerage and research publisher focused specifically on the local residential market. | We used it for citywide price bands by condo and apartment quality tier. We then mapped each neighborhood into those bands only after checking live neighborhood listings to confirm the fit. |
| Global Property Guide Cambodia Market Analysis 2025 | It is a recognized international property research publisher that summarizes market data and references primary sources including CBRE and the National Bank of Cambodia. | We used it as a second check on Phnom Penh high-end condo price levels and annual direction. We also used it to keep the 2026 framing realistic after the 2024 to 2025 correction phase. |
| Realestate.com.kh Phnom Penh condos | It is Cambodia's largest property portal and publishes live listing medians and asking-price snapshots across the whole Phnom Penh market. | We used it as the main citywide live market reference for Phnom Penh apartments. We also used it to compare neighborhood medians back to the overall city average. |
| FazWaz Phnom Penh condos | FazWaz publishes transparent median sale prices and price-per-sqm snapshots from a large active listing base in Cambodia. | We used it as a second live-market benchmark alongside realestate.com.kh to cross-check neighborhood medians. We also used it to avoid relying on a single portal for any one neighborhood estimate. |
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