Get all the data you need about the real estate market in Phnom Penh
We update this blog post regularly so the data you see here is always current.
All prices in this article are in US dollars, which is the standard currency used for condo transactions in Phnom Penh.
And if you're planning to buy a property in this city, you may want to download our real estate pack about Phnom Penh.
A quick summary table
| Metric | Value |
|---|---|
| Most expensive Phnom Penh neighborhood for condos | Tonle Bassac |
| Most affordable Phnom Penh neighborhood for condos | Meanchey / Hun Sen Blvd fringe |
| Average price per square meter across all Phnom Penh neighborhoods | $1,875 |
| Median condo price across Phnom Penh | Around $120,000 |
| Lowest realistic starting budget for a Phnom Penh condo | $30,000 |
| Most expensive condo type in Phnom Penh (by bedroom count) | Two-bedroom condo |
| Most affordable condo type in Phnom Penh (by bedroom count) | Studio condo |
| Average price for a studio condo in Phnom Penh | Around $61,000 |
| Average price for a one-bedroom condo in Phnom Penh | Around $95,000 |
| Average price for a two-bedroom condo in Phnom Penh | Around $144,000 |
| Price gap between the most and least expensive Phnom Penh neighborhoods | $1,400 per sqm (Tonle Bassac vs Meanchey) |
| Price spread across Phnom Penh condo neighborhoods | From $1,300/sqm to $2,700/sqm |
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Phnom Penh neighborhoods in 2026 ranked by condo purchase price
This table ranks the top neighborhoods in the Phnom Penh condo market by purchase price, from the most expensive to the most affordable.
For each neighborhood, the table includes the average price per square meter, the median property price, the starting budget, the average price for a studio condo, a one-bedroom condo, and a two-bedroom condo, the typical property type, 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 Condo | Average Price for a One-Bedroom Condo | Average Price for a Two-Bedroom Condo | Typical Property Type | Key Pros | Key Cons | Market Segment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Tonle Bassac | $2,700 | $200,000 | $53,000 | $82,000 | $162,000 | $255,000 | Luxury serviced condos | Embassy zone, AEON mall access, riverfront prestige, and the strongest premium condo pipeline in Phnom Penh | Wide price spread, some trophy units are overpriced, and traffic and construction can still be frustrating | Luxury |
| 2 | BKK1 | $2,550 | $176,000 | $70,000 | $85,000 | $145,000 | $205,000 | Prime city condos | Phnom Penh's best-known condo address, with walkable dining, offices, schools, and strong resale liquidity | Entry pricing is high, and smaller older units can feel expensive for their size | Luxury |
| 3 | Daun Penh / Riverside | $2,250 | $184,000 | $90,000 | $95,000 | $125,000 | $185,000 | Heritage central condos | Riverside lifestyle, tourism demand, and true downtown Phnom Penh access make this neighborhood highly distinctive | Older stock dominates and modern condo choice is thinner than in the BKK areas | Premium |
| 4 | BKK2 | $2,100 | $140,000 | $30,000 | $60,000 | $98,000 | $165,000 | Mixed urban condos | Close to BKK1 but usually cheaper, with practical central access and smaller entry-level units available | Stock is patchier and streets feel less polished than the prime BKK1 blocks | Premium |
| 5 | 7 Makara / Olympia | $2,000 | $130,000 | $48,000 | $72,000 | $105,000 | $170,000 | Large mixed-use condos | Big integrated projects, central Phnom Penh location, and strong convenience appeal for local owner-occupiers | Some towers feel dense and resale pricing can vary sharply from one building to the next | Premium |
| 6 | Toul Kork / Boeung Kak | $1,800 | $88,000 | $38,000 | $42,000 | $63,000 | $92,000 | Family-sized condos | Strong mall and school access, many newer mid-rise options, and better value than the BKK core areas | Less prestige than the prime core and some stock trades mainly on developer financing incentives | Mid-Market |
| 7 | Olympic / BKK3 / Toul Svay Prey | $1,700 | $85,000 | $45,000 | $46,000 | $68,000 | $102,000 | Compact city condos | Very central for the price, with good everyday convenience and practical commute links across Phnom Penh | Smaller stock dominates and the streetscape is less consistent than BKK1 or Tonle Bassac | Mid-Market |
| 8 | Chroy Changvar | $1,650 | $102,500 | $65,000 | $58,000 | $90,000 | $135,000 | River-view lifestyle condos | River views, larger unit sizes, and bridge connectivity make Chroy Changvar attractive for space-seeking buyers | Commute perception still hurts demand and resale depth is weaker than central Phnom Penh neighborhoods | Mid-Market |
| 9 | Russian Market / Toul Tom Poung | $1,550 | $73,000 | $53,000 | $45,000 | $67,000 | $95,000 | Compact lifestyle condos | Popular expat lifestyle area with a strong cafe scene and a lower buy-in than BKK1 | Condo stock is relatively limited and many buildings are smaller or older | Affordable |
| 10 | Sen Sok | $1,500 | $103,000 | $65,000 | $48,000 | $78,000 | $115,000 | Suburban modern condos | Modern suburban feel, mall access, airport-side convenience, and solid owner-occupier demand in Phnom Penh's northwest | Less walkable urban character and weaker prestige than central Phnom Penh neighborhoods | Affordable |
| 11 | Chbar Ampov / Nirouth | $1,450 | $122,000 | $50,000 | $52,000 | $82,000 | $120,000 | New-build edge condos | Newer Phnom Penh projects and bridge access offer fresh stock at below-core prices | Much farther from the city center and demand depends heavily on project-specific execution | Affordable |
| 12 | Meanchey / Hun Sen Blvd fringe | $1,300 | $78,000 | $56,000 | $44,000 | $62,000 | $92,000 | Corridor growth condos | New boulevard infrastructure and newer towers give buyers decent space for lower budgets in Phnom Penh | Location is still maturing and resale performance is less proven than more established neighborhoods | Budget |
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Key insights about condo purchase prices in Phnom Penh
Insights
- Tonle Bassac and BKK1 are the two clear luxury condo markets in Phnom Penh, both priced above $2,500 per sqm, but Tonle Bassac commands a roughly 6% premium over BKK1 on price per square meter.
- The biggest affordability jump in Phnom Penh does not happen between ranks 1 and 2. It happens after rank 5, where the price per sqm drops from around $2,000 in 7 Makara to $1,800 in Toul Kork.
- A first-time Phnom Penh condo buyer can still enter the BKK2 market below $30,000, which makes it one of the rare central neighborhoods with a genuinely low floor price.
- Daun Penh stays expensive relative to its building age because riverside scarcity and true downtown location matter more than the newness of the stock.
- The price gap between Tonle Bassac (the most expensive) and Meanchey (the most affordable) is about $1,400 per sqm, which means the most expensive Phnom Penh neighborhood costs roughly twice the least expensive one.
- Chroy Changvar offers river views and larger units at around $1,650 per sqm, but trades at a noticeable discount to central Phnom Penh partly because commute perception continues to weigh on demand.
- Sen Sok is not cheap anymore for new-build condos. At around $1,500 per sqm and a median of over $100,000, it sits only slightly below the mid-market neighborhoods despite its suburban location.
- Studio affordability in Phnom Penh varies more by building quality and developer than by district alone. A studio in a premium Toul Kork building can cost more than one in an older BKK2 block.
- Outer Phnom Penh condo areas like Chbar Ampov or Meanchey look cheaper on price per sqm, but their resale depth is still thin, which means selling later could take longer or require deeper discounts.
- Phnom Penh was still a buyer's market in 2025 according to Knight Frank data, meaning negotiation mattered across all neighborhoods and buyers had more leverage than in previous cycles.
- Russian Market's condo stock is shallower than BKK or Toul Kork. The lifestyle appeal is strong, but fewer buildings are available and the choice of unit types is more limited than in comparable-priced areas.
- In Phnom Penh's prime neighborhoods, walkability and prestige are priced in more heavily than raw unit size. A smaller BKK1 studio will typically cost more per sqm than a larger Sen Sok two-bedroom.
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About our methodology
Understanding how Phnom Penh condo prices were estimated is important to reading this data correctly. Here is exactly how we approached it.
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 condo 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 a condo in that Phnom Penh neighborhood. This is not the cheapest possible listing, but a real, achievable floor for a standard condo purchase.
For each condo 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 condo 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 condo type to better reflect local pricing conditions 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 have we used to write this blog article?
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 |
|---|---|---|
| Knight Frank Cambodia Real Estate Highlights H1 2025 | Knight Frank is a major international real estate consultancy with formal research specifically covering the Cambodia market. | We used this as the main market anchor for Phnom Penh condo supply, pricing direction, and district concentration. We also used its district supply charts to decide which neighborhoods are genuinely relevant to condo buyers in 2026. |
| IMF Technical Assistance Report on Cambodia RPPI | The IMF is a highly authoritative institution on statistics methodology and this report directly covers Cambodia's residential property price index. | We used this to confirm that Cambodia's official property price index is based on a quality-adjusted methodology using mortgage lending data. We also used it to justify triangulating neighborhood estimates against an official national price framework rather than relying on a single portal alone. |
| World Bank Cambodia Economic Update 2025 | The World Bank is a top-tier international institution and its Cambodia updates are standard macro references used by researchers and investors worldwide. | We used this for the broader Cambodia and Phnom Penh economic context. We also used it to frame condo demand as recovering but still price-sensitive heading into 2026. |
| realestate.com.kh Phnom Penh condo market page | Realestate.com.kh is Cambodia's largest property portal and provides transparent live asking-price ranges and medians for the whole city. | We used this as the citywide listing benchmark for Phnom Penh condo medians and practical entry prices. We also used it to sanity-check neighborhood estimates against the overall Phnom Penh market. |
| realestate.com.kh BKK1 condo page | This is a live neighborhood-level listing source with visible price ranges, medians, and unit examples specific to BKK1. | We used this to anchor BKK1 median pricing and representative studio, one-bedroom, and two-bedroom values. We also used it to calibrate BKK1 as a top-end central condo market in Phnom Penh. |
| realestate.com.kh Tonle Bassac condo page | This is a live local market page showing current asking ranges for Tonle Bassac condos and apartments in Phnom Penh. | We used this to anchor Tonle Bassac median pricing and project examples. We also used it to keep Tonle Bassac positioned above other neighborhoods in the ranking. |
| realestate.com.kh Toul Kork condo page | This is a large local listing page covering one of Phnom Penh's most active condo search zones, with many comparable units available. | We used this to anchor Toul Kork medians, entry pricing, and unit-type estimates. We also used building-level examples to separate Toul Kork from more expensive core districts in the ranking. |
| realestate.com.kh Chroy Changvar condo page | This is a current neighborhood-level listing source for one of Phnom Penh's main riverfront expansion zones. | We used this to anchor Chroy Changvar median pricing and typical condo budgets. We also used it to position Chroy Changvar above outer affordable districts but below the prime core in our ranking. |
| realestate.com.kh Sen Sok condo page | This is a current local listing source for one of Phnom Penh's most important suburban condo markets. | We used this to estimate Sen Sok's median and entry budget. We also used it to reflect that Sen Sok sits in the affordable-to-mid-market tier despite strong district supply. |
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