Authored by the expert who managed and guided the team behind the Cambodia Property Pack
Yes, the analysis of Phnom Penh's property market is included in our pack
Where are the best places to invest in Phnom Penh right now? Is the city center still the top pick, or are areas like Tuol Kork, Chroy Changvar, and Sen Sok gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with property developers, real estate agents, and clients who invest across the city. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Phnom Penh and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
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1) Meanchey is gaining interest for its affordable homes and expanding industrial zones boosting job opportunities
Oddar Meanchey is becoming a hotspot for affordable housing and job opportunities.
In recent years, the province has seen a noticeable increase in property sales, largely thanks to its thriving agricultural sector. This sector not only strengthens the local economy but also helps keep housing costs down, making it more accessible for many people looking to buy.
The government is also putting effort into expanding industrial zones in the area. Oddar Meanchey can produce over 2 million tons of agro-industrial crops annually, which is significant. This industrial activity translates into more jobs and growth, with the number of firms in the area growing by 20.1% in 2023, highlighting the rise in job opportunities in the industrial sector.
Infrastructure improvements, such as major irrigation systems, have been crucial in supporting this growth. These enhancements make it easier for industries to flourish, attracting more businesses and companies to the region. This influx not only boosts employment opportunities but also supports the development of affordable housing, making Oddar Meanchey appealing to middle-income buyers.
With these developments, Oddar Meanchey is drawing attention for its affordable housing options and the expansion of industrial zones, which boost employment opportunities.
Sources: Khmer Times, IDE Reports
2) Chamkarmon is gaining attention for its luxury condos and vibrant lifestyle amenities, attracting high-end buyers
Chamkarmon is buzzing with interest due to its blend of luxury condos and lively lifestyle amenities, attracting high-end buyers.
In 2023, Chamkarmon boasted the highest number of condos in Phnom Penh, holding 22% of the total supply. This shows a strong focus on luxury developments in the area. The district is known for its upscale living options, making it a hotspot for those seeking a premium lifestyle.
Looking ahead to 2028, Chamkarmon is expected to maintain its lead with 22% of future condo stock. This indicates a continued commitment to upscale living, with developers keen on meeting the demands of affluent buyers. The area is not just about luxury homes; it's about a lifestyle that combines comfort with convenience.
Property prices are on the rise, with new off-plan launches averaging USD $1,800 per sqm in 2023. This price point highlights the area's appeal to wealthy buyers who are willing to invest in quality and exclusivity. Chamkarmon is not just a place to live; it's a statement of status and success.
In 2024, developments like Le Conde BKK1 and Diamond Bay Gardens showcased Chamkarmon's vibrant lifestyle amenities. These include sky jogging tracks, infinity pools, and rooftop oases, making it a desirable location for those seeking luxury and convenience. The district offers a unique blend of modern living and leisure, catering to the tastes of discerning buyers.
Sources: Khmer Times, Realestate.com.kh, Realestate.com.kh
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.
4) Sen Sok is gaining attention for its affordable land and new residential and commercial developments
Sen Sok is gaining popularity thanks to affordable land prices and a surge in new developments.
Back in 2023 and 2024, land prices in central Phnom Penh were climbing, making Sen Sok a more budget-friendly choice. People found that renting flat-houses and single villas in Sen Sok was much cheaper than in other districts, which made it an appealing option for many.
The area has seen a residential boom, with 15 new housing projects completed in just the first half of 2023. This added over 82,000 units, mostly mid-tier, to the market. These developments have positioned Sen Sok as a major player in Phnom Penh's housing scene, contributing significantly to the city's overall supply of landed housing.
On the commercial side, Sen Sok is buzzing with activity. The district is home to AEON Mall Sen Sok City, one of the largest shopping malls in Phnom Penh. This, along with new office spaces on Street 2004, has fueled commercial growth, attracting both locals and expats.
Sen Sok's improved road networks and public transport options have made it more accessible and convenient for both living and business. This connectivity is a big draw for those looking to settle or invest in the area.
Sources: Khmer Times, Invest in Elegance
5) Chroy Changvar is attracting interest for its property appreciation potential with new bridges improving connectivity
Chroy Changvar is catching eyes for its rising property values, thanks to new infrastructure.
The highlight is the new bridge linking Russey Keo and Chroy Changvar, finished in October 2023. This bridge has made getting around much easier, cutting down on traffic jams and connecting the districts more smoothly.
Besides the bridge, there's the Bakeng water treatment plant, which started running in early 2023. It provides clean water to support the area's growth, making Chroy Changvar even more appealing to both locals and investors.
The real estate scene here is buzzing with luxurious condos and upscale housing. Developers are clearly betting on Chroy Changvar's potential, drawn by its growth prospects.
Adding to the charm are the scenic views of the Tonle Sap and Tonle Mekong rivers, which make it a perfect spot for residential projects.
With these developments, Chroy Changvar is becoming a hot spot for those looking to invest in property, as the area promises both beauty and convenience.
Sources: Construction Property, Real Estate Cambodia, City Population
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6) Phnom Penh Thmey is gaining interest for its new residential projects and closeness to international schools, attracting families
Phnom Penh Thmey is quickly becoming a favorite for families looking to settle down.
The area is buzzing with new residential projects that have popped up over the last decade. Developments like Odom offer a mix of offices, homes, and shops, making it super convenient for those who want to live and work in the same neighborhood.
One of the biggest perks is its proximity to international schools. Families, especially expats, love that schools like Northbridge International School Cambodia and iCAN British International School are just around the corner. This means kids can get a top-notch education without parents having to deal with long drives.
Infrastructure is also getting a boost with better roads and bridges, making it easier to get around. Add in modern amenities like shopping malls and healthcare facilities, and you've got a recipe for a high-quality lifestyle.
Phnom Penh Thmey's growth is attracting families who want a mix of convenience and quality living. The area is not just about homes; it's about creating a community where everything you need is within reach.
With all these developments, it's no wonder that Phnom Penh Thmey is on the rise, drawing in families who value both education and convenience.
Sources: SCMP, Education Cambodia, Regr.biz
7) Sangkat Tuek Thla is booming with its strategic location near the airport and new commercial developments
Sangkat Tuek Thla is booming thanks to its prime spot near the upcoming Phnom Penh International Airport, Techo Takhmao.
Set to open in 2025, this airport will be a game-changer, with an initial capacity for 13 million passengers annually. Just 12 miles from Phnom Penh's city center, it promises to boost connectivity and bring new economic opportunities to the area.
Nearby, new commercial hubs and business parks are sprouting up, signaling a wave of growth. While specific projects in Sangkat Tuek Thla aren't detailed, the trend is clear. Think of it like Dublin, where businesses thrive near international terminals.
The government's got a plan, too. Their economic roadmap aims to enhance global connectivity, which is great news for Sangkat Tuek Thla. The France-Cambodia Business Forum and the Prime Minister are all in, showing strong support for the area's economic rise.
With these developments, Sangkat Tuek Thla is on the radar for investors and businesses looking to tap into a growing market. The strategic location near the airport and the buzz of new commercial activity make it a hot spot.
So, if you're considering a property investment, keep an eye on Sangkat Tuek Thla. It's not just about location; it's about being part of a thriving community with unmatched potential for growth.
Sources: Archpaper, Angkor Photography Tours
8) Russey Keo is gaining interest for its large development plots and proximity to the city center
Russey Keo is becoming a hot spot in Phnom Penh because of its large plots of land available for development and its proximity to the city center.
In recent years, the real estate market here has seen a boom, with growing interest from both local and foreign investors. This surge is reflected in the rising property prices, indicating a high demand for both residential and commercial spaces. The district's appeal lies in its substantial land availability, which is a rarity in other parts of Phnom Penh.
Russey Keo stands out for its ample land for development, making it a magnet for investors eyeing both residential and commercial projects. Its strategic location, with major roads like National Road 5, connects it seamlessly to other parts of the city, enhancing its attractiveness.
Infrastructure development has been a game-changer for Russey Keo. The construction of new overpasses and flyovers is designed to ease traffic and improve connectivity. The completion of the Russey Keo Chroy Changvar bridge in 2023 has further boosted accessibility, making it easier to move between districts.
These infrastructure improvements, coupled with modern amenities, make Russey Keo a prime choice for businesses and residents alike. The district's strategic location and enhanced connectivity are key factors in its rising popularity.
Sources: Regr.biz, Knight Frank
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.
9) Kakab is gaining interest for its affordable land and new residential communities
Kakab is catching eyes in the real estate world because of its affordable land prices.
As prices in central Phnom Penh soar, buyers are turning to Kakab for budget-friendly options. Compared to pricier districts like Chbar Ampov and Dangkor, Kakab offers a more wallet-friendly choice. This shift is making Kakab a hot spot for those looking to invest without breaking the bank.
New residential projects are popping up, adding to Kakab's appeal. Take TKS Residence, a Borey development in Kakab Commune, Porsenchey district. It's strategically located near the International Airport, offering a variety of homes that cater to different buyers. The increase in construction permits shows that developers are keen to meet the growing demand for new homes in the area.
Government infrastructure projects are boosting Kakab's charm as a place to live. With better roads and transport links, getting to central Phnom Penh and other parts of the city is a breeze. This makes Kakab even more attractive for those seeking convenience without the high price tag.
Demographic studies reveal a growing population in Phnom Penh's outskirts, including Kakab. This growth is driven by the search for affordable housing and improved living conditions. As more people move to the area, the demand for housing continues to rise, making Kakab a promising market for real estate.
Sources: Cambodia Investment Review, Harbor Property
10) Sangkat Boeung Tumpun is gaining attention for its property appreciation potential amid urban redevelopment and infrastructure upgrades
Sangkat Boeung Tumpun is becoming a hotspot for property investors due to its ongoing urban redevelopment and infrastructure upgrades.
Phnom Penh is buzzing with major projects like the Phnom Penh - Sihanoukville Expressway and the Korea - Cambodia Friendship Bridge, which are set to boost connectivity and make areas like Boeung Tumpun more accessible. These improvements are not just about roads; they’re about transforming the way people move and live in the city.
Foreign investors are pouring money into Phnom Penh, backing new high-rise buildings and shopping centers. This trend of urban redevelopment is likely to spill over into Boeung Tumpun, making it a prime spot for future growth. The residential real estate market in Cambodia is on the rise, signaling a growing demand for properties in areas that are being redeveloped.
Land prices in Phnom Penh are climbing, and areas like Boeung Tumpun, which are undergoing redevelopment, are expected to see a significant increase in land values. Real estate agencies are already marking Boeung Tumpun as a growth area, which is a strong indicator of its potential for property appreciation.
Local and international investors are increasingly interested in Phnom Penh's real estate market, and this interest is likely to drive more investment into Boeung Tumpun. The area is being recognized for its potential, and as infrastructure projects continue, its appeal is only set to grow.
Sources: Atlas Invest Group, Statista, The Diplomat
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.