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Phnom Penh property prices in 2026 are recovering slowly, but the recovery is very different from one district to another.
This article explains the current housing prices in Phnom Penh, the latest price trends, and our updated forecasts for the next 5 and 10 years.
We constantly update this blog post as new Phnom Penh real estate data becomes available, because the market is changing quickly after several difficult years.
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.
What are the current property price trends in Phnom Penh as of 2026?
Phnom Penh property prices in 2026 are not rising everywhere at the same speed, because buyers are now much more focused on useful homes, fair prices and easy access to jobs, schools and shops.
The clearest trend is that practical landed homes in connected suburbs are doing better than luxury condos in central Phnom Penh, where many towers still compete for the same smaller pool of buyers.
For a normal buyer, this means the Phnom Penh housing market in 2026 is not a simple boom, but a selective recovery where location, price and daily usefulness matter more than prestige.
What is the average house price in Phnom Penh as of 2026?
As of 2026, the average house price in Phnom Penh is about 550 million Cambodian riel, or about $135,000, or about €125,000, when we blend condos, apartments, townhouses, borey homes and shophouses together.
That same Phnom Penh average works out to roughly 5.1 million Cambodian riel per square meter, or about $1,250 per square meter, or about €1,150 per square meter.
In practice, roughly 80% of residential purchases in Phnom Penh in 2026 fall between about 290 million and 1.2 billion Cambodian riel, or about $70,000 to $300,000, or about €65,000 to €275,000.
How much have property prices increased in Phnom Penh over the past 12 months?
Phnom Penh property prices increased by an estimated 2% to 4% over the past 12 months to June 2026, which points to a slow recovery rather than a strong rebound.
The range is wide because landed homes in good suburban locations are up around 3% to 6%, affordable condos are roughly flat to 2% higher, and some high-end condos are still flat or slightly down.
The single biggest reason behind this movement is that local family demand has become stronger than speculative foreign demand in the Phnom Penh residential market.
Which neighborhoods have the fastest rising property prices in Phnom Penh as of 2026?
As of 2026, the three fastest-rising areas for residential property prices in Phnom Penh are Meanchey, Chbar Ampov and Sen Sok.
Meanchey property prices are likely up around 5% to 7%, Chbar Ampov property prices around 4% to 6%, and Sen Sok property prices around 4% to 6% over the past year.
The main reason these Phnom Penh neighborhoods are rising faster is that Cambodian families want larger homes, better road access and lower prices than in BKK1, Tonle Bassac or Daun Penh.
By the way, you will find much more detailed price ranges across neighborhoods in our property pack covering the real estate market in Phnom Penh.
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Which property types are increasing faster in value in Phnom Penh as of 2026?
As of 2026, the estimated appreciation ranking in Phnom Penh is townhouse first, villa second, apartment third and condo fourth, because family-friendly landed homes have deeper local demand.
The top-performing property type in Phnom Penh is the mid-market townhouse, with annual appreciation of about 4% to 6% in well-connected borey projects.
Townhouses are outperforming because a Phnom Penh townhouse gives families private space, parking, flexible use and better resale demand than many investor-led condo units.
Finally, if you’re interested in a specific property type, you will find our latest analyses here:
- How much should you pay for an apartment in Phnom Penh?
- How much should you pay for a condo in Phnom Penh?
What is driving property prices up or down in Phnom Penh as of 2026?
As of 2026, the top three forces driving Phnom Penh property prices are local household demand, infrastructure-led suburban growth and the slow clean-up of condo oversupply.
The strongest upward pressure comes from local families buying practical homes in districts such as Meanchey, Chbar Ampov, Sen Sok, Dangkao and Kamboul.
If you want to understand these factors at a deeper level, you can read our latest property market analysis about Phnom Penh here.
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What is the property price forecast for Phnom Penh in 2026?
The Phnom Penh property price forecast for 2026 is moderately positive, but the market should remain very selective.
The best results should come from affordable and mid-market homes in districts where people actually live, work and commute every day.
Luxury condos may recover later, but Phnom Penh still has enough unsold or slow-moving condo stock to keep that segment under pressure.
How much are property prices expected to increase in Phnom Penh in 2026?
As of 2026, Phnom Penh property prices are expected to increase by about 4% for the full year, when all common residential property types are blended together.
A realistic forecast range is 3% to 5% for the overall Phnom Penh housing market, with landed homes doing better and high-end condos doing worse.
The main assumption behind this forecast is that Cambodia’s economy keeps growing, but credit remains selective and buyers continue to negotiate hard.
We go deeper and try to understand how solid are these forecasts in our pack covering the property market in Phnom Penh.
Which neighborhoods will see the highest price growth in Phnom Penh in 2026?
As of 2026, the Phnom Penh neighborhoods expected to see the highest price growth are Meanchey, Chbar Ampov, Dangkao, Sen Sok, Kamboul, Prek Pnov and selected parts of Chroy Changvar.
These growth neighborhoods could see 2026 price increases of about 5% to 8% for the best-located landed homes and shophouses.
The primary catalyst is better connectivity, especially new roads, southern growth linked to Techo International Airport and more daily services in outer districts.
One emerging area that could surprise is Prek Pnov, because land is still cheaper than in more mature districts and new housing supply is pulling more families north.
By the way, we’ve written a blog article detailing what are the current best areas to invest in property in Phnom Penh.
What property types will appreciate the most in Phnom Penh in 2026?
As of 2026, townhouses are expected to appreciate the most in Phnom Penh because the townhouse format matches the budget and lifestyle of many Cambodian families.
The projected 2026 appreciation for good Phnom Penh townhouses is about 4% to 6%, with stronger results possible in connected borey projects.
The main demand trend is that local buyers want practical homes with usable space, parking and flexible payment options, not only small investor condos.
Luxury condos are expected to underperform because Phnom Penh still has too many high-end units competing for a limited pool of foreign and expat tenants.
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How will interest rates affect property prices in Phnom Penh in 2026?
As of 2026, interest rates are likely to limit Phnom Penh property price growth rather than cause a broad price fall.
Cambodia does not have one simple mortgage benchmark like some countries, but US dollar funding conditions still matter because Phnom Penh real estate is heavily dollarized.
A 1% rise in borrowing costs can reduce what many Phnom Penh buyers can afford by roughly 8% to 10%, so higher rates usually make sellers negotiate more.
You can also read our latest update about mortgage and interest rates in Cambodia.
What are the biggest risks for property prices in Phnom Penh in 2026?
As of 2026, the three biggest risks for Phnom Penh property prices are weak condo absorption, cautious bank lending and slower job growth if external shocks hurt Cambodia’s economy.
The most likely risk is weak condo absorption, because many Phnom Penh condo projects still need more real tenants and end-users before prices can rise strongly.
We actually cover all these risks and their likelihoods in our pack about the real estate market in Phnom Penh.
Is it a good time to buy a rental property in Phnom Penh in 2026?
As of 2026, it can be a good time to buy a rental property in Phnom Penh, but only if the price is discounted, the location is liquid and the tenant demand is visible.
The strongest argument for buying now is that buyers have more negotiating power than during the past boom, especially in buildings or borey projects with slow sales.
The strongest argument for waiting is that some condo towers still face oversupply, so a buyer who overpays may wait a long time for rent or resale growth.
If you want to know our latest analysis (results may differ from what you just read), you can read our assessment on whether now is a good time to buy a property in Phnom Penh.
You’ll also find a dedicated document about this specific question in our pack about real estate in Phnom Penh.
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Where will property prices be in 5 years in Phnom Penh?
The 5-year Phnom Penh property price outlook is positive, but the best gains should not be spread evenly across the city.
The most likely winners are practical homes in districts that are still becoming more urban, more connected and more attractive for Cambodian households.
The main lesson for buyers is simple: a useful home in the right growth corridor should do better than a prestige unit bought at the wrong price.
What is the 5-year property price forecast for Phnom Penh as of 2026?
As of 2026, Phnom Penh residential property prices are expected to be about 20% to 35% higher by 2031, with a central forecast near 27%.
The conservative 5-year forecast is about 12% to 18% growth, while the optimistic forecast is about 35% to 45% growth if infrastructure, exports and local incomes improve faster.
The central case equals roughly 5% average annual appreciation for Phnom Penh property prices over the next 5 years.
The key assumption is that Cambodia keeps growing, local household demand deepens and Phnom Penh gradually absorbs the excess condo supply from the last cycle.
Which areas in Phnom Penh will have the best price growth over the next 5 years?
The top three Phnom Penh areas expected to have the best 5-year price growth are Meanchey, Chbar Ampov and Dangkao.
These areas could see cumulative price growth of about 30% to 45% over 5 years for good townhouses, shophouses and compact villas in practical locations.
This is close to the short-term forecast, but the 5-year view gives more weight to infrastructure and family demand than to short-term market sentiment.
The currently undervalued area with the best 5-year outperformance potential is Dangkao, especially where road access and airport-linked growth improve daily commutes.
What property type will give the best return in Phnom Penh over 5 years as of 2026?
As of 2026, mid-market townhouses in well-connected borey projects are expected to give the best total return in Phnom Penh over 5 years.
A good Phnom Penh townhouse could deliver about 35% to 50% total return over 5 years when price growth and rental income are combined.
The main structural trend is the rise of local middle-income families who want affordable landed homes rather than luxury investor units.
The best balance of return and lower risk should come from small shophouses and townhouses in active residential corridors, because both formats have real daily use.
How will new infrastructure projects affect property prices in Phnom Penh over 5 years?
The top three infrastructure forces expected to affect Phnom Penh property prices over the next 5 years are Techo International Airport, southern road upgrades and bridge or ring-road improvements around outer districts.
In Phnom Penh, completed infrastructure can add about 5% to 15% to nearby residential values when the project clearly reduces travel time or improves access to jobs.
The neighborhoods likely to benefit most are Meanchey, Dangkao, Chbar Ampov, Kamboul, Prek Pnov and selected parts of Chroy Changvar.
How will population growth and other factors impact property values in Phnom Penh in 5 years?
Phnom Penh population growth and urban migration should support property values over the next 5 years, especially if the city continues to attract jobs from services, manufacturing and construction.
The demographic shift with the strongest impact will be the growth of local working households that need affordable homes, manageable monthly payments and access to schools.
Domestic migration should matter more than international migration for ordinary Phnom Penh housing demand, because Cambodian workers and families are now the main end-user base.
The biggest winners from these demographic trends should be townhouses, link houses, shophouses and affordable condos in Meanchey, Sen Sok, Chbar Ampov, Dangkao and Kamboul.
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 is the 10 year property price outlook in Phnom Penh?
The 10-year Phnom Penh property price outlook is positive, but buyers should expect cycles, slow periods and large differences between good and weak assets.
Over a decade, Phnom Penh should benefit from urbanization, income growth and better infrastructure, but not every condo or borey project will rise at the same pace.
The safest long-term strategy is to buy a home that real households or real tenants will still want even when the market becomes quiet.
What is the 10-year property price prediction for Phnom Penh as of 2026?
As of 2026, Phnom Penh residential property prices are expected to be about 55% to 85% higher by 2036, with a central prediction near 70%.
The conservative 10-year forecast is about 35% to 45% growth, while the optimistic forecast is 100% or more if infrastructure, incomes, tourism, exports and credit access all improve strongly.
The central case equals roughly 5.4% average annual appreciation for Phnom Penh property prices over the next 10 years.
The biggest uncertainty is whether Phnom Penh can absorb older condo oversupply while still building enough affordable homes for local households.
What long-term economic factors will shape property prices in Phnom Penh?
The top three long-term factors shaping Phnom Penh property prices are income growth, infrastructure expansion and the health of Cambodia’s banking and credit system.
The most positive long-term factor is rising local household income, because stronger local purchasing power can support a healthier and less speculative Phnom Penh housing market.
The greatest structural risk is a long period of weak credit and slow condo absorption, because this would keep developers cautious and limit resale gains in weaker projects.
You’ll also find a much more detailed analysis in our pack about real estate 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 used | Why this source matters | How we used it |
|---|---|---|
| Knight Frank Cambodia Real Estate Highlights H2 2025 | Knight Frank gives detailed Phnom Penh residential supply, pricing and absorption data. | We used it as the main property-market source. We relied on its condo and landed-housing figures to estimate current prices and segment trends. |
| World Bank Cambodia Economic Update, June 2026 | The World Bank is a leading macroeconomic source for Cambodia. | We used it for the 2026 growth backdrop. We treated its cautious forecast as the base case for Phnom Penh property prices. |
| Asian Development Bank Cambodia Economy Page | ADB gives regional growth and inflation forecasts for Cambodia. | We used it to cross-check the World Bank view. We used its more optimistic forecast as an upside scenario. |
| IMF Cambodia 2025 Article IV Consultation | The IMF is very useful for credit and financial-stability risks. | We used it to assess downside risks from weak demand and credit stress. We used that risk view to avoid an overly bullish forecast. |
| National Bank of Cambodia | Cambodia’s central bank is the key source for banking and credit conditions. | We used it to frame dollarization, lending and interest-rate pressure. We linked credit conditions to buyer affordability in Phnom Penh. |
| National Institute of Statistics Cambodia | NIS is Cambodia’s official statistics agency. | We used it for population and household context. We connected official demographic data to long-term housing demand in Phnom Penh. |
| Cambodia Inter-Censal Population Survey 2024, NIS and UNFPA | This is an official demographic survey supported by UNFPA. | We used it to understand urbanization and household formation. We used those trends to support the 5-year and 10-year demand outlook. |
| Techo International Airport Official Site | The official airport source confirms the new airport’s operating milestone. | We used it to confirm the airport opening in September 2025. We linked the airport to southern and southeastern Phnom Penh growth corridors. |
| Phnom Penh Post Construction Data | The article cites Cambodia’s construction ministry data. | We used it as a secondary source for construction recovery. We treated it cautiously because approvals are not the same as completed homes. |
| Realestate.com.kh Market Trends | Realestate.com.kh is a major Cambodian property portal. | We used it to cross-check asking-price and neighborhood signals. We did not treat listing prices as final transaction prices. |
| IPS Cambodia Q1 2026 Phnom Penh Land Price Report | IPS gives useful district-level land and neighborhood commentary. | We used it for local area texture. We used it as supporting evidence because land values are not the same as home prices. |
| Global Property Guide Cambodia Price History | Global Property Guide aggregates international property-market data. | We used it as a secondary check on price history and yields. We gave more weight to Phnom Penh-specific sources when estimates differed. |
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