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Siem Reap's property market is experiencing strong growth in 2025, driven by tourism recovery and major infrastructure developments. Condo prices range from $1,900 to $2,800 per square meter in central areas, while villas typically sell between $200,000 to $300,000.
If you want to go deeper, you can check our pack of documents related to the real estate market in Cambodia, based on reliable facts and data, not opinions or rumors.
Siem Reap property prices have increased significantly over the past 12 months due to tourism recovery and the opening of the new international airport in 2023.
Investment opportunities are strongest in growth corridors near the airport and smart city developments, with rental yields ranging from 6-9% for residential properties.
| Property Type | Price Range | Best Investment Areas |
|---|---|---|
| Condominiums | $1,900-$2,800/sqm | Central Siem Reap, Airport corridor |
| Villas | $200,000-$300,000 | Golf course areas, West developments |
| Residential Land | $100-$150/sqm | Smart city zones, Growth corridors |
| Rental Yields | 6-9% annually | Central apartments, Serviced units |
| Tourism Impact | 85% occupancy rates | Short-term rental markets |
| Price Growth | 5% year-on-year | All property types |
| Resale Timeline | 1-2 years | Central condos (fastest) |
What's the current average price per square meter for different property types in Siem Reap?
As of September 2025, condominium prices in central Siem Reap range from $1,900 to $2,800 per square meter.
Residential land averages between $100 to $150 per square meter, depending on the development potential and proximity to infrastructure projects. Premium plots near the new airport or smart city developments command higher prices within this range.
Villas typically sell for $200,000 to $300,000 per unit, with a median price around $225,000. The wide price range reflects differences in size, location, and amenities, with luxury properties in prime areas reaching the upper end of this spectrum.
These prices represent a significant increase from previous years, driven primarily by tourism recovery and major infrastructure developments including the new Siem Reap-Angkor International Airport that opened in 2023.
How do prices compare between central Siem Reap, outskirts, and nearby developing areas?
Central Siem Reap commands the highest property prices due to proximity to major attractions, established amenities, and proven rental demand.
| Location | Price Level | Key Features |
|---|---|---|
| Central Siem Reap | Highest ($2,400-$2,800/sqm) | Tourist attractions, established infrastructure |
| Airport Corridor (East) | High-Medium ($2,000-$2,500/sqm) | Smart city development, new airport access |
| Golf Course Areas (West) | Medium-High ($1,900-$2,400/sqm) | Lifestyle estates, green developments |
| Svay Dangkum | Medium ($1,600-$2,000/sqm) | Close to city with growth potential |
| Sala Kamreuk | Medium ($1,500-$1,900/sqm) | Emerging area, below-market opportunities |
| Outer Periphery | Lower ($1,200-$1,600/sqm) | Development potential, infrastructure dependent |
| Rural Outskirts | Lowest ($800-$1,200/sqm) | Speculative, requires infrastructure upgrades |
What are the short-term market trends over the past 6–12 months?
Siem Reap property prices have trended consistently upward over the past 12 months, with acceleration since late 2023 following tourism recovery.
Property values have increased approximately 5% year-on-year across all property types, closely linked to the sharp recovery in international tourism and flight arrivals to the new airport. Occupancy rates have reached 85%, significantly higher than the pandemic lows.
Rental rates have risen in parallel with property values, benefiting both buy-to-let investors and property owners. New development activity has focused on green spaces, lifestyle amenities, and modern design targeting expatriates and digital nomads.
The market shows particular strength in areas connected to major infrastructure projects, with properties near the airport corridor and smart city developments experiencing the strongest price appreciation.
What do medium-term forecasts (next 2–3 years) suggest about property values?
Medium-term forecasts for 2025-2028 indicate continued price growth as major tourism, infrastructure, and residential projects come online.
Property values are expected to benefit from the full utilization of the new international airport, completion of smart city phases, and development of golf course and lifestyle districts. Tourism infrastructure improvements will likely drive sustained demand for both residential and commercial properties.
The strongest growth is anticipated in the airport corridor and western golf course areas, where large-scale developments are planned or underway. Central areas will likely see steady but more moderate growth due to existing high valuations.
Rental markets should continue strengthening as tourism fully recovers and Cambodia establishes itself as a key Southeast Asian destination, supporting both property values and investment returns.
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What's the long-term outlook (5–10 years) for Siem Reap's real estate market?
The long-term outlook for Siem Reap's real estate market through 2035 is bullish, particularly for properties in growth corridors.
Major infrastructure developments including the smart city initiative, expanded airport capacity, and new tourism facilities will likely drive sustained property value appreciation. The eastern airport corridor and western lifestyle estates are positioned for the strongest long-term growth.
Cambodia's growing reputation as an investment destination, combined with government support for tourism and infrastructure development, creates favorable conditions for property appreciation. Siem Reap's status as a UNESCO World Heritage gateway ensures continued international interest.
Demographic trends including urbanization, growing middle class, and increasing foreign investment will support long-term demand. Properties with established rental income streams and good resale liquidity will likely outperform speculative land holdings.
How is tourism recovery impacting rental demand and yields right now?
Tourism recovery is fueling strong rental demand across Siem Reap, particularly benefiting short-term rental markets and serviced apartments.
Current rental yields for residential properties range from 6-9%, with serviced apartments and short-term rentals in central areas achieving up to 8.5%. Occupancy rates have improved to 85%, a significant recovery from pandemic lows.
Both expatriate long-term renters and tourist short-term renters are driving demand, creating opportunities for property investors across different market segments. Properties near major attractions and the new airport are seeing particularly strong rental performance.
The rental market benefits both buy-to-let investors seeking steady income and buy-to-flip strategies where strong rental performance supports higher resale values.
What are the projected rental returns for apartments, villas, and commercial spaces?
Rental returns vary significantly by property type and location, with apartments generally offering the most consistent yields.
| Property Type | Typical Rental Yield | Comments |
|---|---|---|
| Central Apartments | 7-8% | Highest liquidity and consistent demand |
| Serviced Apartments | 8-8.5% | Premium for short-term rental management |
| Luxury Villas | 6-8% | Higher returns for premium locations |
| Standard Villas | 4-6% | Varies significantly by location and condition |
| Budget Villas | 1.8-4% | Lower yields, longer vacancy periods |
| Commercial Retail | 5-7% | Dependent on tourist foot traffic |
| Office Space | 6-8% | Growing demand from businesses |
How do resale timelines and liquidity differ by property type and location?
Central condominiums and apartments offer the highest liquidity, with typical holding periods of 1-2 years generating capital gains exceeding 20%.
Villas generally have lower liquidity than apartments, requiring longer marketing periods but benefiting from increased tourist arrivals that improve sale velocity in prime areas. Premium villas in established locations sell faster than budget properties in peripheral areas.
Outlying land parcels have the lowest liquidity and are primarily speculative investments unless located near confirmed infrastructure upgrades. These properties may require several years to achieve optimal sale conditions.
Properties in growth corridors near the airport and smart city developments are experiencing improving liquidity as infrastructure develops, though they may still require longer holding periods than central properties to maximize returns.
It's something we develop in our Cambodia property pack.
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.
What budget ranges make the most sense for living, investing, or flipping?
Budget requirements vary significantly based on your primary objective and target property type.
1. **Living/Personal Use**: $60,000-$250,000 for quality apartments and condominiums that provide comfortable living standards with good access to amenities and infrastructure.2. **Buy-to-Let Investment**: $150,000-$350,000 focusing on central condos and apartments priced at $1,900-$2,800 per square meter that generate consistent rental income.3. **Property Flipping**: Target under-market listings or distressed assets in prime zones, typically requiring $100,000-$200,000 initial investment with potential for strong resale margins.4. **Land Banking**: $50,000-$150,000 for residential land in growth corridors, though these require longer holding periods and carry higher risk.5. **Luxury Investment**: $300,000+ for premium villas and high-end condominiums that attract affluent renters and buyers.Which areas are best positioned for growth if you're buying today?
The eastern airport corridor and smart city development zone offer the strongest growth potential for property buyers in 2025.
The airport corridor benefits from direct connectivity to the new international airport and planned smart city phases, making it attractive for both residential and commercial development. Properties in this area are positioned to benefit from increased business activity and tourism traffic.
Western golf course and lifestyle estates represent the second-strongest growth opportunity, targeting mid to high-end buyers with focus on green urban design and premium amenities. These developments appeal to affluent retirees and expatriate professionals.
Central Siem Reap maintains the most established rental and resale markets with the greatest liquidity, making it suitable for investors prioritizing steady returns over maximum growth potential.
Svay Dangkum and Sala Kamreuk offer opportunities for buyers seeking below-market deals with upside potential, though they require more careful market timing and property selection.
What risks (regulatory, economic, infrastructure) could affect property ownership?
Regulatory risks include condominium development height restrictions due to proximity to Angkor Wat and potential changes in zoning laws affecting development rights.
Economic risks center on Cambodia's high dependence on international tourism recovery, where economic slowdowns or travel disruptions could significantly impact property prices and rental demand. The market's tourism sensitivity creates vulnerability to external shocks.
Infrastructure risks involve uneven utilities and access in outlying areas, though conditions are rapidly improving in designated growth corridors. Properties in peripheral locations may face delays in infrastructure upgrades that could affect development timelines and property values.
Foreign ownership regulations and potential changes to property laws represent additional regulatory considerations that buyers should monitor closely.
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How should a buyer position themselves now depending on their goal—living, renting out, or reselling?
Your buying strategy should align closely with your primary objective and risk tolerance.
**For Living/Personal Use:**- Target central apartments or mid-range villas that offer lifestyle benefits, easy rental potential if needed, and good resale prospects- Prioritize established areas with proven infrastructure and amenities- Budget $150,000-$300,000 for quality properties with good long-term value retention**For Buy-to-Let Investment:**- Focus on serviced apartments and condos in high-occupancy zones including downtown and smart city corridor- Seek properties generating 6-8% rental yields with strong tenant demand- Consider professional property management services for short-term rentals**For Flipping/Resale:**- Seek distressed or below-market listings in growth corridors with upcoming infrastructure improvements- Time purchases to coincide with major project launches for maximum upside potential- Target properties requiring minor improvements that can add significant value**General Positioning Advice:**- Prioritize properties near the airport, smart city, or golf/lifestyle districts for best long-term appreciation- Maintain vigilance about infrastructure plans and regulatory changes- Expect continued improvement as tourism recovery strengthens through 2025-2026Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Siem Reap's property market presents compelling opportunities in 2025, driven by tourism recovery and major infrastructure developments that are transforming the investment landscape.
Success requires careful area selection, with the airport corridor and smart city developments offering the strongest growth potential for long-term investors.
Sources
- IPS Cambodia - Siem Reap Market Trends 2025
- BambooRoutes - Siem Reap Real Estate Market
- BambooRoutes - Siem Reap Price Forecasts
- IPS Cambodia - Siem Reap Condo Market Trends 2025
- BambooRoutes - Cambodia Real Estate Market
- Asia Property Awards - Siem Reap Investment Opportunities
- Cambodia Investment Review - CBRE Cambodia Report
- Global Property Guide - Cambodia Price History
-Complete Guide to the Property Buying Process in Siem Reap
-Siem Reap Property Taxes and Fees: What You Need to Know
-How to Successfully Invest in Siem Reap Property
-Siem Reap Property Market Forecast and Analysis
-Siem Reap Real Estate Market Outlook
-Average Rental Prices in Siem Reap