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What rental yield can you get with a condo in Phnom Penh? (2026)

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SUMMARY

We analyzed condo rental yields in Phnom Penh, as of 2026, for residential condo buyers using the raw dataset provided. The work compares estimated condo purchase prices, achievable monthly rents, gross yields, net yields, tenant demand, and buyer risk across the main Phnom Penh condo neighborhoods.

This tracker is updated regularly, so the numbers should be read as a current May 2026 Phnom Penh condo yield snapshot rather than a permanent forecast.

The main finding is that Phnom Penh can still offer attractive condo rental yields, especially when buyers focus on practical 1-bedroom and 2-bedroom units rather than prestige alone.

Chroy Changvar is the strongest yield area in the table. Its 2-bedroom condos are estimated at US$120,000 purchase price, US$950 monthly rent, 9.5% gross yield, and 6.5% net yield.

Toul Kork, Sen Sok, Daun Penh and Riverside, BKK2 and BKK3, and Russian Market also look useful for rental income because their rents are supported by real tenant demand rather than only low purchase prices.

BKK1 and Tonle Bassac remain strong stability markets. They are more expensive, but deeper expat, corporate, embassy, mall, and lifestyle demand makes them easier for a foreign buyer to understand.

The weakest income profile is Diamond Island and Koh Pich, especially for studios. The estimated studio net yield is only 4.7%, which shows how premium pricing and building costs can absorb rent.

The best unit type for a beginner foreign buyer is usually a well-located 1-bedroom condo. It requires less capital than a 2-bedroom condo, but has broader tenant depth and better resale appeal than many studios.

Gross yields in Phnom Penh can look high, but net yield is the number that matters. Vacancy, leasing costs, repairs, condo management fees, insurance, tax friction, service charges, and building quality can materially change the real return.

The practical takeaway is simple: do not buy the cheapest Phnom Penh condo. Buy the unit where net yield, tenant depth, management quality, location, fees, and resale liquidity all make sense together.

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Condo rental yields in Phnom Penh in 2026

This table compares condo rental yields in Phnom Penh by neighborhood and unit type.

For each area, the table shows estimated purchase price, estimated monthly rent, gross rental yield, and net rental yield for studio condos, 1-bedroom condos, and 2-bedroom condos. Where the provided dataset does not specify annual condo fees, occupancy, time to rent, main demand, main risk, or investment profile, the table marks those items as not specified rather than inventing figures.

Finally, please note you'll find much more detailed data in our real estate pack about Phnom Penh.

Neighborhood Studio condo average purchase price Studio condo average monthly rent Studio condo gross rental yield Studio condo net rental yield 1-bedroom condo average purchase price 1-bedroom condo average monthly rent 1-bedroom condo gross rental yield 1-bedroom condo net rental yield 2-bedroom condo average purchase price 2-bedroom condo average monthly rent 2-bedroom condo gross rental yield 2-bedroom condo net rental yield Annual condo fees or service charges Occupancy assumption Typical time to rent Main demand Main risk Rental Investment Profile
7 Makara US$59,500 US$380 7.7% 5.2% US$85,000 US$520 7.3% 5.0% US$127,500 US$780 7.3% 5.0% Not specified in dataset Not specified in dataset Not specified in dataset Central urban renters seeking access and value Less prestige than BKK1 and Tonle Bassac Balanced
BKK1 US$105,000 US$650 7.4% 5.1% US$150,000 US$1,050 8.4% 5.7% US$225,000 US$1,700 9.1% 6.2% Not specified in dataset Not specified in dataset Not specified in dataset Expats, embassy workers, corporate tenants, lifestyle renters Prestige pricing can reduce risk-adjusted yield Stable Core
BKK2 / BKK3 US$77,000 US$480 7.5% 5.1% US$110,000 US$780 8.5% 5.8% US$165,000 US$1,250 9.1% 6.2% Not specified in dataset Not specified in dataset Not specified in dataset Renters wanting BKK access without BKK1 pricing Building selection and exact street quality matter Top Pick
Boeung Tumpun US$49,000 US$330 8.1% 5.5% US$70,000 US$500 8.6% 5.8% US$105,000 US$780 8.9% 6.1% Not specified in dataset Not specified in dataset Not specified in dataset Value renters and buyers seeking lower entry prices Building quality and resale liquidity risk Higher Risk Yield
Chamkarmon US$73,500 US$450 7.3% 5.0% US$105,000 US$730 8.3% 5.7% US$157,500 US$1,150 8.8% 6.0% Not specified in dataset Not specified in dataset Not specified in dataset Central renters wanting access without full prime pricing Middle-ground area can lack a single sharp investment story Balanced
Chbar Ampov US$45,500 US$300 7.9% 5.4% US$65,000 US$450 8.3% 5.6% US$97,500 US$700 8.6% 5.9% Not specified in dataset Not specified in dataset Not specified in dataset Budget-sensitive local and value renters Thinner tenant depth than central districts Limited Appeal
Chroy Changvar US$56,000 US$380 8.1% 5.5% US$80,000 US$600 9.0% 6.1% US$120,000 US$950 9.5% 6.5% Not specified in dataset Not specified in dataset Not specified in dataset Riverfront renters, newer project tenants, value expats Weaker buildings can suffer from access and liquidity risk Top Pick
Daun Penh / Riverside US$77,000 US$500 7.8% 5.3% US$110,000 US$820 8.9% 6.1% US$165,000 US$1,300 9.5% 6.4% Not specified in dataset Not specified in dataset Not specified in dataset Tourism, nightlife, central expat and walkability demand Building quality and exact location can vary heavily Top Pick
Diamond Island / Koh Pich US$91,000 US$520 6.9% 4.7% US$130,000 US$850 7.8% 5.3% US$195,000 US$1,400 8.6% 5.9% Not specified in dataset Not specified in dataset Not specified in dataset Modern high-rise renters and lifestyle tenants High purchase prices and service charges compress net yield Limited Appeal
Russian Market / Toul Tom Poung US$64,750 US$420 7.8% 5.3% US$92,500 US$650 8.4% 5.7% US$138,750 US$980 8.5% 5.8% Not specified in dataset Not specified in dataset Not specified in dataset Expats, value renters, lifestyle tenants, local professionals Less prestige and lower luxury resale appeal than BKK1 Balanced
Sen Sok US$52,500 US$370 8.5% 5.8% US$75,000 US$550 8.8% 6.0% US$112,500 US$850 9.1% 6.2% Not specified in dataset Not specified in dataset Not specified in dataset Mall, suburban, family, and value renters Outer projects without amenities carry vacancy risk Top Pick
Tonle Bassac US$94,500 US$580 7.4% 5.0% US$135,000 US$950 8.4% 5.7% US$202,500 US$1,550 9.2% 6.2% Not specified in dataset Not specified in dataset Not specified in dataset Embassy, mall, corporate, and modern high-rise renters Premium service charges can reduce the final net result Stable Core
Toul Kork US$63,000 US$420 8.0% 5.4% US$90,000 US$650 8.7% 5.9% US$135,000 US$1,050 9.3% 6.3% Not specified in dataset Not specified in dataset Not specified in dataset Families, school-linked renters, quieter residential tenants Family appeal depends on parking, security, and maintenance Top Pick

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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 Chroy Changvar, Toul Kork, Sen Sok, Daun Penh and Riverside, BKK2 and BKK3, and Russian Market or Toul Tom Poung.

Chroy Changvar is the strongest result in the dataset. Its 2-bedroom condo estimate reaches US$120,000 purchase price, US$950 monthly rent, 9.5% gross yield, and 6.5% net yield.

Toul Kork is slightly more conservative but very useful for a beginner buyer. A 2-bedroom condo is estimated at US$135,000 with US$1,050 monthly rent, producing 9.3% gross yield and 6.3% net yield.

Sen Sok also looks strong because the entry price is lower. A 1-bedroom condo is estimated at US$75,000 and US$550 monthly rent, equal to 8.8% gross yield and 6.0% net yield.

The practical takeaway is that the best condo rental yields in Phnom Penh are not only in the cheapest places. The strongest results appear where the purchase price is still moderate and the tenant base is real enough to support rent.

BKK1 and Tonle Bassac are not the highest-yield bargains, but they remain attractive for stable demand. For a foreign individual buyer, that stability can matter as much as an extra few tenths of net yield.

Where can I find condos with above-average yields and below-average entry prices in Phnom Penh?

The clearest places to find condos with above-average yields and below-average entry prices in Phnom Penh are Sen Sok, Chroy Changvar, Boeung Tumpun, Chbar Ampov, and parts of 7 Makara.

Sen Sok is the cleanest example because the price is low without the market feeling purely speculative. A 1-bedroom condo is estimated at US$75,000 and US$550 monthly rent, producing 6.0% net yield.

Chroy Changvar also looks attractive on a rent-to-price basis. A 1-bedroom condo is estimated at US$80,000 and US$600 monthly rent, giving 9.0% gross yield and 6.1% net yield.

Boeung Tumpun and Chbar Ampov offer even lower entry prices. Their 1-bedroom estimates are US$70,000 and US$65,000, but the honest interpretation is that building quality, road access, management, and resale liquidity matter more there.

7 Makara sits in a middle position. The studio estimate is US$59,500 with US$380 monthly rent, giving 7.7% gross yield and 5.2% net yield, but the area has less foreign-buyer prestige than BKK1 or Tonle Bassac.

The beginner rule is to separate cheap because overlooked from cheap because harder to rent. Sen Sok and Chroy Changvar look more credible because the dataset shows both lower entry prices and enough rent support.

Where does the rent level justify the condo purchase price most clearly in Phnom Penh?

The rent level most clearly justifies the condo purchase price in Chroy Changvar, Daun Penh and Riverside, Toul Kork, BKK2 and BKK3, and Sen Sok.

Chroy Changvar gives the clearest rent-to-price signal. A 2-bedroom condo at US$120,000 and US$950 monthly rent produces 9.5% gross yield before costs and 6.5% net yield after estimated recurring costs.

Daun Penh and Riverside also look rational in the table. A 1-bedroom condo is estimated at US$110,000 and US$820 monthly rent, producing 8.9% gross yield and 6.1% net yield.

Toul Kork is strong because the rent is supported by family-style demand. Its 2-bedroom estimate of US$135,000 purchase price and US$1,050 monthly rent gives 6.3% net yield.

BKK2 and BKK3 are useful because they sit near the expat core without the full BKK1 price premium. A 1-bedroom condo is estimated at US$110,000 and US$780 monthly rent, compared with BKK1 at US$150,000 and US$1,050.

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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 places to buy for stable rental income rather than maximum yield in Phnom Penh are BKK1, Tonle Bassac, Toul Kork, Daun Penh and Riverside, and Russian Market or Toul Tom Poung.

BKK1 is the easiest stability market for many foreign buyers to understand. It has the highest recognition in the dataset, with 1-bedroom condos estimated at US$150,000, US$1,050 monthly rent, and 5.7% net yield.

Tonle Bassac gives a similar modern central profile. Its 2-bedroom estimate is US$202,500 with US$1,550 monthly rent, producing 9.2% gross yield and 6.2% net yield.

Toul Kork is the family-stability choice. The 2-bedroom condo estimate reaches US$1,050 monthly rent, which suggests that larger practical units can work when the area offers schools, parking, quieter streets, and a residential identity.

Daun Penh and Riverside are more lifestyle-driven. A 2-bedroom condo there is estimated at US$165,000 and US$1,300 monthly rent, giving 6.4% net yield, but exact building quality matters because older stock can vary.

The practical trade-off is yield versus certainty. A slightly lower-yield BKK1 or Tonle Bassac condo can beat a high-yield outer-area unit if the central unit rents faster, resells more easily, and has fewer building surprises.

Which condo or condo-style unit type gives the best return for the lowest total investment in Phnom Penh?

The condo type that gives the best return for the lowest total investment in Phnom Penh is usually a practical 1-bedroom condo.

Studios are cheaper, but Phnom Penh has heavy small-unit competition. In the dataset, studios can produce good net yields, but the strongest balance of tenant depth, resale liquidity, and affordability usually appears in 1-bedroom condos.

Chroy Changvar shows this clearly. A 1-bedroom condo is estimated at US$80,000 and US$600 monthly rent, giving 6.1% net yield, while the 2-bedroom has higher yield but requires US$120,000 of capital.

Sen Sok also supports the 1-bedroom case. A 1-bedroom condo at US$75,000 and US$550 monthly rent gives 6.0% net yield, which is strong for a lower-entry purchase.

Two-bedroom condos often produce the highest net yield in the table, including 6.5% in Chroy Changvar, 6.4% in Daun Penh and Riverside, and 6.3% in Toul Kork. But they require more capital and need the right 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 offer strong rental income with lower vacancy risk are BKK1, Tonle Bassac, Toul Kork, Daun Penh and Riverside, and Russian Market or Toul Tom Poung.

BKK1 has deep renter demand because it is a recognized expat and business district. In the table, a 2-bedroom condo rents for about US$1,700 per month and produces 6.2% net yield.

Tonle Bassac is also strong because renters pay for modern high-rise living, central access, embassies, malls, and lifestyle convenience. Its 1-bedroom condo estimate is US$135,000 and US$950 monthly rent, giving 5.7% net yield.

Toul Kork reduces vacancy risk through family-style demand. A 2-bedroom condo there is estimated at US$1,050 monthly rent, which suggests stronger demand for space than for generic small units.

Russian Market and Toul Tom Poung offer a steadier value profile. A 1-bedroom condo is estimated at US$92,500 and US$650 monthly rent, equal to 8.4% gross yield and 5.7% net yield.

The honest interpretation is that low vacancy risk rarely comes from yield alone. It comes from tenant depth, livability, building management, parking, security, and a location renters already understand.

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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 or Koh Pich, parts of premium BKK1, and some luxury Tonle Bassac buildings.

Diamond Island is the clearest example in the dataset. Its studio estimate is US$91,000 purchase price and US$520 monthly rent, which gives 6.9% gross yield but only 4.7% net yield.

The gap matters because condo ownership costs are not theoretical. Service charges, repairs, vacancy, management, insurance, and tax friction can absorb a large share of the headline rent in premium towers.

BKK1 is not a bad investment market, but buyers pay for recognition. A studio condo is estimated at US$105,000 and US$650 monthly rent, producing 5.1% net yield, which is lower than Chroy Changvar, Sen Sok, and Toul Kork.

Tonle Bassac can still work, especially for 2-bedroom condos, but the buyer must check building fees carefully. A high-service building can support rent with amenities while also reducing actual income through monthly costs.

The trade-off is lifestyle and liquidity. Diamond Island, BKK1, and Tonle Bassac may be easier to understand and resell than cheaper districts, but income-focused buyers should not confuse a prestigious address with the best net rental yield.

Which neighborhoods should I avoid even if the rental yield looks attractive in Phnom Penh?

Beginner investors should be careful with Chbar Ampov, Boeung Tumpun, weaker Chroy Changvar projects, and low-cost outer Sen Sok projects even if the rental yield looks attractive.

Chbar Ampov has low entry prices and decent table yields. A 1-bedroom condo is estimated at US$65,000 and US$450 monthly rent, giving 5.6% net yield, but tenant depth is thinner than in BKK1, Tonle Bassac, Toul Kork, or Daun Penh.

Boeung Tumpun also shows good numbers, including 6.1% net yield for 2-bedroom condos. The risk is that older buildings, weak maintenance, or harder resale can erase the advantage.

Chroy Changvar is not an avoid area overall. It is a high-potential area, but secondary buildings without river views, weak management, poor parking, or inconvenient access can underperform the neighborhood average.

Outer Sen Sok projects need the same caution. The area has strong mall and suburban momentum, but a unit far from amenities or main roads can sit longer than the table suggests.

The practical recommendation is to avoid weak buildings, not necessarily entire neighborhoods. A high gross yield is not enough if the condo has poor management, unclear rental demand, high service charges, or a narrow resale buyer pool.

Which neighborhoods look risky even though the rental yield is high in Phnom Penh?

The high-yield but riskier Phnom Penh neighborhoods are Chroy Changvar, Boeung Tumpun, Chbar Ampov, and some Sen Sok projects.

Chroy Changvar shows the highest net yield in the dataset, with 2-bedroom condos at 6.5% net yield. The risk is that this performance depends heavily on building quality, river access, bridge access, parking, and whether the project has a real tenant base.

Boeung Tumpun has a strong 1-bedroom estimate of US$70,000 purchase price and US$500 monthly rent, producing 5.8% net yield. But it has less foreign-buyer recognition than BKK1 or Tonle Bassac.

Chbar Ampov is the most fragile value area. The 2-bedroom estimate gives 5.9% net yield, but the rent base is smaller and more price-sensitive.

Sen Sok looks attractive overall, with 1-bedroom condos at 6.0% net yield and 2-bedroom condos at 6.2% net yield. The risk is buying an outer project without clear access to malls, schools, retail, or daily amenities.

A safer alternative is Toul Kork. Its 2-bedroom net yield is 6.3%, close to the highest-yield areas, but family demand and stronger residential identity can reduce vacancy risk.

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What neighborhoods should I avoid when buying a rental condo in Phnom Penh?

When buying a rental condo in Phnom Penh, a beginner should avoid weak buildings in Chbar Ampov, poorly located Boeung Tumpun projects, outer Sen Sok projects without clear amenities, and secondary Chroy Changvar stock without river or access advantages.

Chbar Ampov is not a full avoid. It is a beginner avoid unless the unit is cheap, well-managed, close to real transport routes, and priced for a thinner tenant pool.

Boeung Tumpun should be judged building by building. The table shows attractive 2-bedroom numbers at US$105,000 purchase price, US$780 monthly rent, and 6.1% net yield, but maintenance and resale risk matter.

Outer Sen Sok can look tempting because prices are lower than central Phnom Penh. The risk is that the project may not have enough mall, school, office, or road access to support steady renters.

Secondary Chroy Changvar units also need caution. The area average is strong, but a building without a river view, good management, bridge convenience, parking, or tenant appeal may not reach the table's yield assumptions.

The simple rule is to avoid condos where the only attractive feature is the purchase price. For a foreign individual buyer, building quality and tenant depth should be treated as part of the investment return.

Which neighborhoods are seeing rental demand weaken, and why, in Phnom Penh?

Rental demand appears more fragile in over-supplied small-unit buildings, parts of Diamond Island and Koh Pich, weaker Chroy Changvar projects, and lower-quality outer districts.

The issue is not that Phnom Penh rental demand has disappeared. The issue is that tenants can choose among many similar studio and 1-bedroom units, especially in newer or premium towers.

Diamond Island shows the warning sign in yield form. The studio estimate produces 6.9% gross yield but only 4.7% net yield, which suggests that high purchase prices and ownership costs are absorbing rental income.

Weaker Chroy Changvar buildings face a different problem. The best projects can rent well, but undifferentiated stock across the river has to compete harder on price, view, access, and amenities.

Outer districts can also be fragile when the unit is generic. Tenants may demand lower rent if the building lacks parking, reliable maintenance, security, good access, or daily conveniences nearby.

The practical takeaway is to underwrite vacancy carefully. A condo with one or two extra empty months can lose the yield advantage that looked strong on paper.

Which neighborhoods are seeing new developments that could create stronger rental demand in Phnom Penh?

The Phnom Penh neighborhoods where new development could create stronger rental demand are Sen Sok, Chroy Changvar, Meanchey and Boeung Tumpun, southern Dangkao-linked corridors, and parts of Chbar Ampov.

Sen Sok has the clearest demand-positive story because retail and suburban growth already support renter convenience. The table shows 1-bedroom condos at US$75,000, US$550 monthly rent, and 6.0% net yield.

Chroy Changvar benefits from riverfront development, newer projects, and bridge-linked access. The area also has the strongest yield result in the table, with 2-bedroom condos at 6.5% net yield.

Boeung Tumpun and southern corridors have affordability and future-growth appeal. The 1-bedroom Boeung Tumpun estimate is US$70,000 and US$500 monthly rent, which gives 5.8% net yield.

Chbar Ampov may benefit from development and transport improvements, but it remains more sensitive to building selection. The rent base is thinner than central Phnom Penh, so future demand should not be assumed too aggressively.

The final recommendation is to buy today's rent, not only tomorrow's infrastructure story. New development helps most when jobs, schools, malls, roads, or daily services grow faster than competing condo supply.

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Which neighborhoods have become less attractive for condo investors over the last 12 months in Phnom Penh?

The neighborhoods that have become less attractive for yield-focused condo investors are Diamond Island and Koh Pich, some premium BKK1 stock, weaker Chroy Changvar projects, and undifferentiated studio-heavy buildings across Phnom Penh.

Diamond Island is the clearest yield-compression case. Its studio net yield is 4.7%, while several cheaper areas produce net yields above 5.5% for similar small-unit exposure.

Premium BKK1 remains desirable, but buyers must avoid overpaying. A 1-bedroom condo is estimated at US$150,000 and US$1,050 monthly rent, producing 5.7% net yield, which is good but not the best in the city.

Weaker Chroy Changvar projects have become more selective because the area average is strong, but performance depends on access, view, building management, and project reputation.

Studio-heavy buildings are also less attractive when they compete with many similar units. Generic studios can rent, but the landlord may need to cut rent, offer incentives, or accept longer vacancy.

The practical conclusion is not to avoid these places blindly. Avoid the weak versions: high-price low-yield luxury units, generic studio stock, and buildings where the condo fee burden is high relative to realistic rent.

Which condo types are becoming harder to rent in Phnom Penh, and in which neighborhoods?

The condo type becoming harder to rent in Phnom Penh is the generic studio, especially in studio-heavy buildings outside the deepest expat and lifestyle zones.

Studios remain useful when the price is right. Sen Sok studios are estimated at US$52,500 and US$370 monthly rent, producing 5.8% net yield, while Chroy Changvar studios reach 5.5% net yield.

The problem is generic competition. If several similar small units are available in the same tower or nearby towers, tenants can negotiate rent down or choose a newer unit.

Diamond Island studios show the risk clearly. They are estimated at US$91,000 and US$520 monthly rent, but the net yield is only 4.7%, the weakest studio result in the dataset.

Outer Sen Sok, Chbar Ampov, and weaker Chroy Changvar projects require sharper pricing for studios. Tenants in those locations often want affordability, parking, convenience, and a clean building more than a small new unit.

The second risk is expensive 2-bedroom condos in buildings with high fees but weak family appeal. Two-bedroom condos can perform very well in Toul Kork, BKK1, Tonle Bassac, and Daun Penh, but only when the tenant base values space and location together.

The practical rule is to buy tenant depth, not only condo size. A practical 1-bedroom in a liquid area is usually easier for a beginner buyer than a generic studio in an over-supplied tower.

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INSIGHTS

These insights are drawn from the Phnom Penh condo rental yield dataset, with a focus on what a foreign individual buyer should understand before buying a residential condo to rent out.

You’ll find even more insights in our our real estate pack about Phnom Penh.

  • Chroy Changvar 2-bedroom condos lead the Phnom Penh yield table, but the result needs careful building selection. The 6.5% net yield is attractive only when access, view, parking, management, and tenant demand are real.
  • Phnom Penh 1-bedroom condos usually offer the best beginner balance. They require less capital than 2-bedroom condos, but usually have better tenant depth and resale appeal than generic studios.
  • BKK1 looks expensive, but 2-bedroom rents keep yields competitive. The table estimates BKK1 2-bedroom condos at 6.2% net yield, which is strong for a prestige district.
  • Diamond Island and Koh Pich show why net yield matters more than rent level. Rents are high, but high purchase prices and service charges compress the final investor return.
  • Sen Sok is the clearest low-entry yield profile in the dataset. A 1-bedroom condo at US$75,000 and 6.0% net yield gives foreign buyers a lower capital requirement than BKK1.
  • Daun Penh and Riverside 2-bedroom condos outperform studios because some renters pay for space, centrality, nightlife, tourism access, and walkability together.
  • Russian Market and Toul Tom Poung offer steadier value than prestige. The area is useful when a buyer wants real tenant demand without paying full BKK1 pricing.
  • Boeung Tumpun yields look strong, but the risk is execution. Building quality, maintenance, resale depth, and access can matter more than the headline 6.1% net yield for 2-bedroom condos.
  • Chbar Ampov is cheap, but cheap is not the same as safe. The table yields are acceptable, but the tenant pool is thinner than in central Phnom Penh.
  • Toul Kork 2-bedroom condos suit family demand better than studio investors. The 6.3% net yield is supported by space, quieter residential identity, and school-linked renter logic.
  • BKK2 and BKK3 can outperform BKK1 on yield because purchase prices fall faster than rents. That makes them useful for buyers who want BKK access without paying full BKK1 premiums.
  • Chamkarmon is a middle-ground Phnom Penh play. It has decent yield and central access, but less of a single sharp investment identity than BKK1, Tonle Bassac, or Toul Kork.
  • Studios rarely dominate Phnom Penh after costs because small-unit competition is heavy. A studio can work, but only when the building is liquid, affordable, and easy for renters to understand.
  • Prime Phnom Penh buildings require careful fee checks. Pools, gyms, lifts, reception, and security can support rent, but they also reduce the net yield through service charges and maintenance.
  • The best Phnom Penh rental logic is not the cheapest price. The better test is whether realistic rent is supported by tenant depth, building quality, manageable costs, and resale liquidity.

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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 our own analysis manually from the ground up by neighborhood and condo type. We did not reuse a third-party yield dataset.

For each area, we looked separately at studio condos, 1-bedroom condos, and 2-bedroom condos, using comparable residential condo units wherever possible.

First, we manually researched current residential sale listings across major Cambodia and Phnom Penh property platforms such as Realestate.com.kh, IPS Cambodia, and FazWaz Cambodia.

For each neighborhood and condo type, we collected comparable sale listings ourselves, then removed duplicate listings, unrealistic asking prices, luxury outliers, distressed assets, serviced-style offers, incomplete listings, and other properties that would distort the estimate.

We kept only reasonably comparable properties based on location, property type, size, condition, and listing quality. Where possible, we used the median purchase price as the main reference, and used the average only when the sample was clean enough.

We then built the rental side of the dataset separately. For the same Phnom Penh neighborhood and condo type, we manually reviewed rental listings, removed outliers and non-comparable units, and estimated a realistic monthly rent using the median rent where possible.

Purchase prices and rents were researched separately, then matched by neighborhood and condo type to estimate gross rental yield. The gross rental yield was calculated as annual rent divided by estimated purchase price.

To estimate net yield, we avoided applying one flat discount across every Phnom Penh condo segment. The deduction was adjusted by neighborhood and condo type because a small central condo, a premium tower with service charges, and a value-area condo should not be treated as having the same operating cost profile.

Net yield adjustments considered the costs and risks that matter for each segment, including vacancy risk, maintenance, management costs, agent fees, tax friction, repairs, insurance, utilities where relevant, service charges, building costs, and other operating costs when the information was available.

For condo markets, listed purchase prices and asking rents are not enough by themselves. We also pay attention to condo fees, common-area charges, building maintenance quality, rental restrictions, tenant depth, management standards, and resale liquidity when those inputs are available in the raw data.

Each estimate is assigned a confidence level based on the quality and size of the comparable listing sample. A sample of 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 guarantees of future rental income. Honesty, quality, and rigor are central to the work, and they are also what you will find in our real estate pack about Phnom Penh.