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SUMMARY
We analyzed apartment rental yields in Phnom Penh, as of 2026, for residential apartment buyers using the raw dataset provided, then turned the figures into a practical buyer guide for May 2026.
The article compares estimated apartment purchase prices, monthly rents, gross rental yields, and net rental yields across Phnom Penh neighborhoods and apartment sizes.
We conduct this research regularly and update this page constantly, so the numbers should be read as a current Phnom Penh apartment yield snapshot rather than a permanent promise of future rental income.
The main finding is that Phnom Penh studios often give the strongest income return because small apartments rent efficiently compared with their purchase price.
Russian Market / Tuol Tompoung is the strongest yield case in the dataset, with studios estimated at 10.0% gross yield and 7.2% net yield.
7 Makara, Tonle Bassac, Toul Kork, Chroy Changvar, Sen Sok, and Daun Penh also show useful studio yields, especially for buyers who want income without paying the full BKK1 or Koh Pich premium.
BKK1 remains one of Phnom Penh's easiest rental addresses to understand, but the yield is less aggressive because purchase prices are high. A modeled 1-bedroom in BKK1 shows 7.9% gross yield and 5.7% net yield.
Koh Pich has high rents, but high purchase prices reduce the income case. The 2-bedroom estimate is only 7.2% gross yield and 5.2% net yield, even with monthly rent above 6.2 million KHR.
For a beginner foreign buyer, the safest apartment rental yield strategy in Phnom Penh is usually not to chase the cheapest unit. The better strategy is to compare net yield, tenant depth, building quality, location convenience, and resale liquidity together.
The practical takeaway is that Russian Market, BKK3, Tonle Bassac, Daun Penh, and Toul Kork offer different versions of the same trade-off: yield, renter depth, access, and long-term liquidity.
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Neighborhoods and apartment rental yields in Phnom Penh in 2026
This table compares apartment rental yields in Phnom Penh by neighborhood and apartment type.
For each area, the table shows estimated purchase price, estimated monthly rent, gross rental yield, and net rental yield for studios, 1-bedroom apartments, and 2-bedroom apartments.
Finally, please note you'll find much more detailed data in our real estate pack about Phnom Penh.
| Neighborhood | Studio average purchase price | Studio average monthly rent | Studio gross rental yield | Studio net rental yield | 1-bedroom average purchase price | 1-bedroom average monthly rent | 1-bedroom gross rental yield | 1-bedroom net rental yield | 2-bedroom average purchase price | 2-bedroom average monthly rent | 2-bedroom gross rental yield | 2-bedroom net rental yield |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 Makara | 220,275,000 KHR | 1,802,250 KHR | 9.8% | 7.1% | 360,450,000 KHR | 2,603,250 KHR | 8.7% | 6.2% | 560,700,000 KHR | 3,604,500 KHR | 7.7% | 5.6% |
| Boeung Keng Kang 1 (BKK1) | 360,450,000 KHR | 2,603,250 KHR | 8.7% | 6.2% | 580,725,000 KHR | 3,804,750 KHR | 7.9% | 5.7% | 921,150,000 KHR | 5,607,000 KHR | 7.3% | 5.3% |
| Boeung Keng Kang 2 (BKK2) | 280,350,000 KHR | 2,002,500 KHR | 8.6% | 6.2% | 460,575,000 KHR | 3,003,750 KHR | 7.8% | 5.6% | 720,900,000 KHR | 4,205,250 KHR | 7.0% | 5.0% |
| Boeung Keng Kang 3 (BKK3) | 260,325,000 KHR | 1,882,350 KHR | 8.7% | 6.2% | 420,525,000 KHR | 2,803,500 KHR | 8.0% | 5.8% | 660,825,000 KHR | 3,924,900 KHR | 7.1% | 5.1% |
| Chbar Ampov | 180,225,000 KHR | 1,321,650 KHR | 8.8% | 6.3% | 300,375,000 KHR | 2,082,600 KHR | 8.3% | 6.0% | 480,600,000 KHR | 3,003,750 KHR | 7.5% | 5.4% |
| Chroy Changvar | 220,275,000 KHR | 1,682,100 KHR | 9.2% | 6.6% | 360,450,000 KHR | 2,603,250 KHR | 8.7% | 6.2% | 580,725,000 KHR | 3,604,500 KHR | 7.4% | 5.4% |
| Daun Penh | 320,400,000 KHR | 2,403,000 KHR | 9.0% | 6.5% | 520,650,000 KHR | 3,604,500 KHR | 8.3% | 6.0% | 841,050,000 KHR | 5,206,500 KHR | 7.4% | 5.3% |
| Diamond Island / Koh Pich | 380,475,000 KHR | 2,723,400 KHR | 8.6% | 6.2% | 620,775,000 KHR | 4,205,250 KHR | 8.1% | 5.9% | 1,041,300,000 KHR | 6,207,750 KHR | 7.2% | 5.2% |
| Russian Market / Tuol Tompoung | 240,300,000 KHR | 2,002,500 KHR | 10.0% | 7.2% | 380,475,000 KHR | 2,883,600 KHR | 9.1% | 6.5% | 580,725,000 KHR | 3,924,900 KHR | 8.1% | 5.8% |
| Sen Sok | 200,250,000 KHR | 1,521,900 KHR | 9.1% | 6.6% | 320,400,000 KHR | 2,242,800 KHR | 8.4% | 6.0% | 520,650,000 KHR | 3,123,900 KHR | 7.2% | 5.2% |
| Tonle Bassac | 340,425,000 KHR | 2,603,250 KHR | 9.2% | 6.6% | 560,700,000 KHR | 3,924,900 KHR | 8.4% | 6.0% | 921,150,000 KHR | 5,807,250 KHR | 7.6% | 5.4% |
| Toul Kork | 260,325,000 KHR | 2,002,500 KHR | 9.2% | 6.6% | 420,525,000 KHR | 2,923,650 KHR | 8.3% | 6.0% | 660,825,000 KHR | 4,005,000 KHR | 7.3% | 5.2% |
We have made this infographic to give you a quick and clear snapshot of the property market in Cambodia. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
Which neighborhoods offer the best net yield among areas people actually want to live in Phnom Penh?
The best net-yield neighborhoods among areas people actually want to live in Phnom Penh are Russian Market / Tuol Tompoung, Tonle Bassac, Toul Kork, Daun Penh, BKK3, and selected central value areas such as 7 Makara.
Russian Market is the clearest yield case in the dataset. A studio is estimated at 240.3 million KHR, with monthly rent around 2.0 million KHR, producing 10.0% gross yield and 7.2% net yield.
Tonle Bassac is more expensive, but it still produces strong income numbers. A studio is estimated at 340.4 million KHR and 2.6 million KHR monthly rent, giving 9.2% gross yield and 6.6% net yield.
Toul Kork gives a similar net yield for studios, also at 6.6%, but with a different tenant story. It is less nightlife-driven than Russian Market and more useful for renters who want space, schools, quieter streets, and longer stays.
Daun Penh works best when the apartment is walkable, clean, and well managed. Its studio net yield is estimated at 6.5%, while 1-bedroom apartments reach about 6.0% net yield.
For a beginner foreign buyer, the practical takeaway is simple. Russian Market is the income play, Tonle Bassac is the premium balanced play, and Toul Kork or Daun Penh can work when tenant stability matters as much as maximum yield.
Where can I find apartments with above-average yields and below-average entry prices in Phnom Penh?
The clearest Phnom Penh neighborhoods with above-average yields and below-average entry prices are Russian Market / Tuol Tompoung, 7 Makara, Sen Sok, BKK3, Chroy Changvar, and Chbar Ampov.
Russian Market is the strongest value case because prices remain below BKK1 and Koh Pich, while rents are supported by cafés, restaurants, expats, NGO workers, and young professionals.
The numbers are unusually clear. A Russian Market 1-bedroom apartment is estimated at 380.5 million KHR and 2.88 million KHR in monthly rent, producing 9.1% gross yield and 6.5% net yield.
7 Makara also looks attractive because it is central without the prestige premium of BKK1. Its studio estimate is 220.3 million KHR, with 1.8 million KHR monthly rent and 7.1% net yield.
Sen Sok offers a lower entry point, with studios around 200.3 million KHR and 1-bedrooms around 320.4 million KHR. The yield looks good, but investors need to avoid isolated buildings or oversupplied projects.
Chroy Changvar and Chbar Ampov can also work for income buyers, but the risk is thinner tenant depth. Their prices can be attractive, yet a foreign buyer should demand a clear discount for weaker resale liquidity.
Where does the rent level justify the purchase price most clearly in Phnom Penh?
The rent level most clearly justifies the purchase price in Russian Market / Tuol Tompoung, 7 Makara, Daun Penh, Tonle Bassac, and parts of BKK3.
Russian Market is the cleanest rent-to-price example in the Phnom Penh apartment market. The studio estimate produces 10.0% gross yield, while the 1-bedroom estimate still produces 9.1% gross yield.
7 Makara works because the buyer is not paying BKK1 pricing, but still gets a central location. A 1-bedroom apartment is estimated at 360.5 million KHR and 2.6 million KHR monthly rent, giving 8.7% gross yield.
Daun Penh has a strong rent base where the apartment is walkable and not too old. A 2-bedroom apartment is estimated at 841.1 million KHR and 5.2 million KHR monthly rent, which still supports 7.4% gross yield.
Tonle Bassac is expensive, but the rent level is deep enough to make the numbers rational. Its 1-bedroom estimate reaches 3.92 million KHR monthly rent and 6.0% net yield.
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Where is the best place to buy if I want stable rental income rather than maximum yield in Phnom Penh?
The best Phnom Penh neighborhoods for stable rental income are BKK1, Tonle Bassac, Daun Penh, Toul Kork, and Russian Market / Tuol Tompoung.
BKK1 is the safest rental brand in the dataset. Its 1-bedroom apartment estimate is 580.7 million KHR, with 3.8 million KHR monthly rent, 7.9% gross yield, and 5.7% net yield.
That is not the highest yield in Phnom Penh, but it is easier to understand. BKK1 attracts expats, NGO staff, embassy workers, consultants, and professional renters who already know the area.
Tonle Bassac is similar, but slightly more lifestyle-driven. Its renter appeal comes from embassies, Aeon Mall, restaurants, central access, and premium apartment stock.
Daun Penh is stable when the unit is walkable, well managed, and not too tired. The area benefits from office users, NGO demand, riverside access, cafés, and central city convenience.
Toul Kork is the quieter stability pick. Its 1-bedroom net yield is about 6.0%, and the area can attract longer-stay renters who want schools, space, and a more residential feel.
Which apartment type gives the best return for the lowest total investment in Phnom Penh?
The best apartment type for the highest return with the lowest total investment in Phnom Penh is usually the studio apartment, followed by the 1-bedroom apartment.
The dataset is clear. Studios produce the highest net yields in Russian Market at 7.2%, 7 Makara at 7.1%, and Tonle Bassac, Toul Kork, Sen Sok, and Chroy Changvar at about 6.6%.
The lowest capital requirement is also with studios. Chbar Ampov studios are estimated at 180.2 million KHR, Sen Sok studios at 200.3 million KHR, and 7 Makara studios at 220.3 million KHR.
The 1-bedroom apartment is usually the better all-round choice. It costs more, but it can rent to singles, couples, local professionals, and corporate tenants, which gives the owner a wider tenant pool.
Two-bedroom apartments earn higher absolute rent, but the yield is usually lower because the purchase price rises faster than rent. In BKK1, the 2-bedroom net yield is 5.3%, versus 6.2% for studios.
The practical takeaway is simple. Buy a studio for yield, buy a 1-bedroom for balance, and buy a 2-bedroom only when the neighborhood has a clear family or premium tenant base.
We give you more details in the our real estate pack about Phnom Penh.
Which neighborhoods offer strong rental income with the lowest vacancy risk in Phnom Penh?
The Phnom Penh neighborhoods that combine strong rental income with lower vacancy risk are BKK1, Tonle Bassac, Daun Penh, Russian Market / Tuol Tompoung, and Toul Kork.
BKK1 has the strongest rental identity among foreign tenants. A modeled 2-bedroom rents for about 5.6 million KHR per month, while a 1-bedroom rents for about 3.8 million KHR.
Tonle Bassac has a similarly strong rent base. Its 2-bedroom apartment estimate reaches 5.8 million KHR monthly rent, and its 1-bedroom estimate is close to 3.9 million KHR.
Daun Penh performs well when the apartment is convenient and well maintained. The 1-bedroom estimate is 3.6 million KHR monthly rent, supported by central city demand and walkability.
Russian Market has lower absolute rents than BKK1 or Tonle Bassac, but lower purchase prices make the yield stronger. The area also benefits from affordability, cafés, restaurants, and a renter base that understands the neighborhood.
The honest interpretation is that low vacancy risk comes from tenant depth, not only from high rent. A high-rent apartment in a weak building can still sit empty if the price, furnishing, or management is wrong.
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.
Which areas look overpriced relative to their rental income in Phnom Penh?
The Phnom Penh areas that look most overpriced relative to rental income are Diamond Island / Koh Pich, BKK1, and some premium parts of Tonle Bassac.
These are strong places to live, but the rental-yield case becomes weaker when the purchase price includes a large prestige premium.
Koh Pich is the clearest warning signal. A 2-bedroom apartment is estimated at 1.04 billion KHR and rents for about 6.21 million KHR per month, producing only 5.2% net yield.
BKK1 is also expensive for income buyers. A 2-bedroom apartment is estimated at 921.2 million KHR and 5.6 million KHR monthly rent, which gives 7.3% gross yield and 5.3% net yield.
Tonle Bassac is more balanced than Koh Pich, but the same caution applies in premium buildings. A 2-bedroom is estimated at 921.2 million KHR, so the buyer needs strong tenant demand and good management to justify the capital.
The trade-off is not bad neighborhood versus good neighborhood. It is rental income versus address premium. These areas can still work, but only if the buyer does not overpay for prestige.
Which neighborhoods should I avoid even if the rental yield looks attractive in Phnom Penh?
Beginner Phnom Penh rental investors should be cautious with Chbar Ampov, outer Sen Sok, weaker Chroy Changvar projects, and low-quality 7 Makara buildings, even when the headline yield looks attractive.
Chbar Ampov has strong modeled numbers, with studios at 6.3% net yield and 1-bedroom apartments at 6.0% net yield. The risk is that tenant depth can be thinner than in the central core.
Outer Sen Sok can also look good because prices are low. A studio is estimated at 200.3 million KHR and 6.6% net yield, but weaker locations may face more similar competing units.
Chroy Changvar can work well near the river or bridge access, but the investor should be careful with projects that depend mainly on future appreciation. The 1-bedroom net yield is 6.2%, but resale liquidity can be weaker than BKK or Tonle Bassac.
7 Makara is central, but building quality varies sharply. A cheap older apartment can show a high paper yield and still lose renters because of noise, weak common areas, maintenance issues, or poor management.
The practical rule is to avoid weak buildings, not necessarily whole neighborhoods. In Phnom Penh, a good micro-location and clean building management matter as much as the district name.
Which neighborhoods look risky even though the rental yield is high in Phnom Penh?
The Phnom Penh neighborhoods that can look risky despite high rental yield are Chbar Ampov, Chroy Changvar, Sen Sok, and some 7 Makara micro-locations.
The headline yield can be high because purchase prices are low, not because rental demand is exceptionally deep.
Chbar Ampov studios show 8.8% gross yield and 6.3% net yield, which looks attractive. The risk is that the renter pool is more price-sensitive and more dependent on commute patterns.
Chroy Changvar studios show 9.2% gross yield and 6.6% net yield. The issue is that demand can become project-specific, especially when the apartment is not close to bridge access, riverside amenities, or daily services.
Sen Sok also needs careful selection. The 1-bedroom estimate is 6.0% net yield, but weaker buildings can compete with too much newer supply and need discounts to fill vacancies.
The safer alternative for a beginner is often Russian Market or BKK3. Their yields are still strong, and the renter logic is easier to understand.
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What neighborhoods should I avoid when buying a rental apartment in Phnom Penh?
For beginner rental investors in Phnom Penh, the avoid list is outer Chbar Ampov, outer Sen Sok, weak Chroy Changvar projects, and poor-quality 7 Makara stock.
Outer Chbar Ampov should be avoided unless the price is clearly low and the commute logic is obvious. The yield can look good, but tenant demand is less forgiving than in central neighborhoods.
Outer Sen Sok should be avoided when the apartment is far from malls, schools, employment nodes, hospitals, or daily amenities. The area can work, but the wrong building can rent slowly.
Weak Chroy Changvar projects should be avoided when the investment case depends only on future growth. A riverside story is not enough if current renters still prefer BKK, Tonle Bassac, Russian Market, or Daun Penh.
Poor-quality 7 Makara units should be avoided when the building has weak maintenance, difficult access, noise problems, or poor common areas. The central location helps, but tenants still reject bad buildings.
The simple beginner rule is this. In Phnom Penh, avoid apartments where the only attractive number is the low purchase price.
Which neighborhoods are seeing rental demand weaken, and why, in Phnom Penh?
The Phnom Penh neighborhoods where rental demand appears more fragile are parts of Sen Sok, Chroy Changvar, Chbar Ampov, and some high-end central projects where asking rents exceed what tenants will pay.
The issue is not that Phnom Penh stopped renting. The issue is that supply and tenant choice make weak buildings less forgiving.
In Sen Sok, demand exists, but renters can compare many similar units. A studio may show 6.6% net yield on the model, yet an isolated building may need lower rent or better furnishing to compete.
In Chroy Changvar, demand can weaken when the project is too far from everyday needs. A river view or future-growth story is weaker than bridge access, food options, security, and easy transport.
In Chbar Ampov, affordability helps, but the tenant pool is more local and more price-sensitive. That can make rent collection, vacancy, and tenant turnover more important than the headline yield.
In high-end central projects, demand weakens when the rent no longer matches the renter budget. A premium address does not protect the landlord if similar furnished options are available at lower rents nearby.
Which neighborhoods are seeing new developments that could create stronger rental demand in Phnom Penh?
The Phnom Penh neighborhoods where new development could support stronger rental demand are Tonle Bassac, Koh Pich, Sen Sok, Chroy Changvar, and the southern airport corridor.
The important distinction is demand-creating development versus supply-heavy development. Offices, schools, hospitals, retail, and transport can deepen demand, while too many similar apartments can simply create competition.
Tonle Bassac and Koh Pich benefit from lifestyle infrastructure, offices, restaurants, malls, and premium apartment stock. The risk is that a large part of that upside is already priced into purchase values.
Sen Sok benefits from suburban commercial growth, malls, schools, and newer residential stock. It can attract families and local professionals, but investors should avoid generic buildings with too many direct competitors.
Chroy Changvar benefits from riverside development and cross-river expansion. The opportunity is real, but timing, bridge access, and resale liquidity matter.
The southern airport corridor is a medium-term story rather than a simple apartment-yield signal today. It may support logistics, hospitality, and worker demand over time, but a buyer should not pay today for demand that has not yet arrived.
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Cambodia. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
Which neighborhoods have become less attractive for apartment investors over the last 12 months in Phnom Penh?
The neighborhoods that have become less attractive for apartment investors over the last 12 months in Phnom Penh are overpriced high-end central projects, weaker Koh Pich units, outer Sen Sok stock, and poorly located Chroy Changvar projects.
The point is not that these are bad Phnom Penh neighborhoods. The problem is that the balance between purchase price, rent, net yield, tenant depth, and resale liquidity has become less forgiving.
Koh Pich is the clearest example because the purchase price is high. A 2-bedroom apartment is estimated at more than 1.04 billion KHR, while the net yield is only 5.2%.
High-end central projects can also become less attractive when prices stay high but rents do not rise enough. In that situation, the owner has a beautiful asset but a weaker income return.
Outer Sen Sok became less attractive where similar units compete for the same tenant pool. The headline studio yield is strong, but the wrong building may need discounts, better furnishing, or longer leasing time.
Chroy Changvar became less attractive where investors bought a future-growth story before current renter demand caught up. For a beginner buyer, the safer rule is to buy current tenant demand first and future upside second.
Which apartment types are becoming harder to rent in Phnom Penh, and in which neighborhoods?
The apartment types becoming harder to rent in Phnom Penh are expensive 2-bedroom apartments in premium buildings, poorly furnished studios in fringe areas, and generic 1-bedroom apartments in oversupplied projects.
Premium 2-bedroom apartments are harder when the rent crosses the budget of normal expat couples, local professionals, and small families. This risk is strongest in Koh Pich, BKK1, and Tonle Bassac if the purchase price is too high.
The numbers show the issue. Koh Pich 2-bedroom apartments rent for about 6.21 million KHR per month, but the purchase price is around 1.04 billion KHR, which limits the net yield to 5.2%.
Poorly furnished studios are harder in Sen Sok, Chbar Ampov, and weaker Chroy Changvar buildings. Studio demand exists, but tenants still expect convenience, security, decent furnishing, and easy commutes.
Generic 1-bedroom apartments are harder in oversupplied buildings. A 1-bedroom is normally Phnom Penh's most liquid rental format, but not if the building has weak management and too many identical vacant units.
The safest apartment type remains the well-located 1-bedroom. The highest-yielding type is often the studio, but only in renter-dense areas such as Russian Market, 7 Makara, BKK3, Tonle Bassac, and Daun Penh.
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INSIGHTS
These insights are drawn from the Phnom Penh apartment rental yield dataset, with a focus on what a foreign individual buyer should understand before buying a residential apartment to rent out.
- Russian Market studios show the strongest simple income profile in Phnom Penh. The estimated 7.2% net yield is not just a high number, it is supported by a renter base that values cafés, restaurants, affordability, and central access.
- Studios usually outperform larger apartments because small units monetize location efficiently. In Phnom Penh, this is especially clear in Russian Market, 7 Makara, Tonle Bassac, Toul Kork, Sen Sok, and Chroy Changvar.
- Two-bedroom apartments often look better as lifestyle or family assets than pure yield assets. They earn higher monthly rent, but the purchase price often rises faster than rent.
- BKK1 is safer than it is spectacular. It remains one of Phnom Penh's clearest rental brands, but the income return is compressed by a high entry price.
- BKK2 and BKK3 are useful compromises for buyers priced out of BKK1. They keep access to the same broad rental ecosystem while offering better rent-to-price value.
- Tonle Bassac is one of the most balanced Phnom Penh apartment markets. It is expensive, but rents are high enough to keep the income case credible when the buyer avoids overpaying.
- Koh Pich is a warning for pure yield buyers. High rent does not automatically mean strong return when the purchase price is above 1.0 billion KHR for a modeled 2-bedroom apartment.
- Daun Penh works best when the apartment is walkable and well managed. The neighborhood name alone is not enough because older or poorly maintained stock can lose tenant appeal quickly.
- Toul Kork is more of a stability market than a maximum-yield story. It can suit families, local professionals, and renters who want more space and quieter streets.
- Sen Sok needs sharper building selection than central Phnom Penh. The model shows strong yields, but oversupply and weaker foreign-renter recognition can reduce real-world performance.
- Chroy Changvar is a real opportunity only when access is strong. Riverside appeal helps, but bridge access, building management, and daily convenience decide whether the yield is achievable.
- Chbar Ampov is attractive on price, but less forgiving on tenant depth. A buyer should require a clear discount and a realistic rent assumption.
- 7 Makara proves that centrality can produce yield, but building quality is decisive. A cheap old unit can become expensive if it is hard to rent, noisy, or poorly maintained.
- The main Phnom Penh risk is not only vacancy. It is buying a unit that looks good on gross yield but loses too much to repairs, management friction, tenant turnover, and weak resale liquidity.
- The best beginner strategy is to compare net yield before gross yield. Gross yield is useful, but net yield is closer to what the owner actually keeps after costs and vacancy risk.
- You’ll find even more insights in our our real estate pack about Phnom Penh.
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OUR METHODOLOGY TO BUILD THIS TRACKER
To estimate purchase price, monthly rent, and rental yield in different Phnom Penh neighborhoods, we built the analysis manually from the ground up by neighborhood and apartment type. For each area, we looked separately at studios, 1-bedroom apartments, and 2-bedroom apartments.
We did not reuse a third-party yield dataset. We manually researched current residential sale and rental listings across major Phnom Penh property platforms such as Realestate.com.kh, FazWaz Cambodia, and Khmer24.
For each neighborhood and apartment type, we collected comparable sale listings ourselves. We then removed duplicates, excluded non-comparable properties, filtered unrealistic asking prices, and cleaned out luxury outliers, distressed assets, serviced-style offers, incomplete listings, and other properties that could distort the estimate.
Sale prices were reviewed based on location, apartment type, size, condition, listing quality, and comparable evidence. We used the median price as the main reference where possible, and the average only when the sample was clean enough to make the average meaningful.
We built the rental side of the dataset separately. For the same neighborhood and apartment type, we collected rental listings, removed outliers and non-comparable listings, and estimated realistic monthly rent using the median rent where possible.
Purchase prices and rents were researched separately, then matched by neighborhood and apartment type to estimate gross rental yield. Gross rental yield was calculated as annual rent divided by estimated purchase price.
To estimate net yield, we avoided applying a single flat discount to every property. The deduction was adjusted by neighborhood and apartment type because a small central apartment, a premium apartment with higher building costs, and a less liquid outer-area apartment do not have the same operating cost profile.
The net yield adjustment reflects the costs and risks that matter for Phnom Penh apartment owners, including vacancy risk, maintenance, management costs, agent fees, tax friction, repairs, utilities, service charges, building costs, and other operating costs when relevant.
Each estimate was assigned a confidence level based on the quality and size of the comparable listing sample. 30 to 40 comparable listings means higher confidence, 20 to 30 comparable listings means usable but less robust, and fewer than 20 comparable listings means directional only unless the comparable area is widened.
These estimates are updated regularly and should be read as structured market estimates, not as guarantees of future rental income. 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.
