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This article breaks down the current housing prices in Siem Reap, how they have changed recently, and what experts expect for the coming years.
We regularly update this blog post with the latest data from local agencies, government sources, and trusted real estate consultancies.
Whether you are looking to buy a home or invest in rental property, you will find the numbers and context you need right here.
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 Siem Reap.
Insights
- Siem Reap has only three strata-titled condominium projects in 2026, creating a supply shortage that keeps condo prices firmer than landed homes in the city.
- Properties within 10 kilometers of Siem Reap's center show demand up to 3 times stronger than those in outer areas, making location the single biggest price driver.
- Domestic Cambodian visitors to Siem Reap jumped 71% in the first nine months of 2025, creating a more stable tourism base that supports rental demand year-round.
- Foreigners can legally own condos but not landed houses in Cambodia, which concentrates international buyer demand into the small condo segment and pushes up condo prices.
- Mortgage rates in Cambodia currently range from 6.5% to 10% per year, which limits how fast local end-user demand can grow for landed housing.
- Western-style villas built to international standards are seeing rising demand in Siem Reap from both expats and Cambodians relocating from Phnom Penh for a quieter lifestyle.
- The new Siem Reap-Angkor International Airport, which opened in late 2023, served over 1.3 million passengers in its first year and directly supports higher rental yields for centrally located properties.
- Siem Reap property prices grew 7 to 9% in 2025 according to local agencies, but this was led almost entirely by residential land and well-located homes, not outer borey projects.
What are the current property price trends in Siem Reap as of 2026?
What is the average house price in Siem Reap as of 2026?
As of early 2026, the estimated average house price in Siem Reap is around 540 million Cambodian Riel, which works out to roughly 135,000 US dollars or about 130,000 euros for a typical 3-bedroom borey-style home.
To put this in perspective, the average price per square meter for residential property in Siem Reap is approximately 3.6 million Riel (around 900 USD or 865 EUR) for landed houses, and about 6.8 million Riel (around 1,700 USD or 1,635 EUR) for condos and apartments.
In practical terms, the realistic price range that covers roughly 80% of property purchases in Siem Reap runs from about 200 million Riel to 1.2 billion Riel, or 50,000 USD to 300,000 USD (48,000 EUR to 288,000 EUR), depending on whether you are buying a townhouse in an outer area or a well-finished villa near the city center.
How much have property prices increased in Siem Reap over the past 12 months?
Over the past 12 months, property prices in Siem Reap have increased by an estimated 2% overall, which reflects a market that is stable but not booming.
That said, the range varies quite a bit by property type: condos and apartments near the center rose by 3% to 5%, well-located landed homes gained 1% to 3%, and properties in outer areas stayed mostly flat or saw slight discounts to move stock.
The single most significant factor behind this modest price movement has been the recovery in rental demand driven by tourism, which is strongest for centrally located properties that work for short and medium-term stays.
Which neighborhoods have the fastest rising property prices in Siem Reap as of 2026?
As of early 2026, the top three neighborhoods with the fastest rising property prices in Siem Reap are Svay Dangkum (the central hub near Pub Street), Sala Kamreuk (popular with expats and lifestyle renters), and select sections of Chreav (a growth corridor with established borey projects).
Svay Dangkum is seeing annual price growth of around 4% to 6%, Sala Kamreuk is tracking at roughly 3% to 5%, and the better-connected parts of Chreav are achieving 2% to 4% growth, though results vary by specific project and infrastructure quality.
The main demand driver is proximity to the city center combined with rental appeal: these neighborhoods are within the 10-kilometer radius where tourism-linked demand is strongest, and they offer the amenities and accessibility that both expat renters and local buyers prioritize.
By the way, you will find much more detailed price ranges across neighborhoods in our property pack covering the real estate market in Siem Reap.
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 property types are increasing faster in value in Siem Reap as of 2026?
As of early 2026, the ranking of property types by value appreciation in Siem Reap is: condos and apartments lead at the top, followed by villas and twin villas in established borey communities, then townhouses and link houses, with outer-ring borey homes trailing at the bottom.
Condos near the city center are appreciating at roughly 4% to 6% per year, which makes them the top-performing property type in Siem Reap right now.
The main reason condos are outperforming is a combination of very limited supply (only three strata-titled projects exist in the entire city), strong rental demand from tourism, and the fact that foreigners can legally own condo units but cannot own landed property outright, which concentrates international buyer interest into this small segment.
Finally, if you're interested in a specific property type, you will find our latest analyses here:
- How much do properties cost in Siem Reap?
- How much should you pay for a house in Siem Reap?
- How much should you pay for lands in Siem Reap?
What is driving property prices up or down in Siem Reap as of 2026?
As of early 2026, the top three factors driving property prices in Siem Reap are the ongoing tourism recovery (which supports rental demand), the severe undersupply of condos (which keeps prices firm in that segment), and infrastructure improvements including the new Siem Reap-Angkor International Airport (which has boosted connectivity and visitor flows).
The single factor with the strongest upward pressure on property prices is the rental demand recovery linked to tourism: Siem Reap welcomed over 2.6 million domestic visitors in the first nine months of 2025 alone, and this sustained visitor flow directly supports occupancy rates and rental yields for well-located properties.
If you want to understand these factors at a deeper level, you can read our latest property market analysis about Siem Reap here.
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What is the property price forecast for Siem Reap in 2026?
How much are property prices expected to increase in Siem Reap in 2026?
As of early 2026, property prices in Siem Reap are expected to increase by around 3% overall during the year, with condos likely to outperform landed housing.
The realistic range of forecasts from different analysts spans from about 2% (conservative) to 5% (optimistic), depending on how tourism performs and whether credit conditions loosen for local buyers.
The main assumption underlying most forecasts is that tourism will continue its gradual recovery without a major shock, and that domestic Cambodian visitors will keep providing a stable demand base for rentals and local spending.
We go deeper and try to understand how solid are these forecasts in our pack covering the property market in Siem Reap.
Which neighborhoods will see the highest price growth in Siem Reap in 2026?
As of early 2026, the neighborhoods expected to see the highest price growth in Siem Reap are Svay Dangkum, Sala Kamreuk, and the better-developed sections of Chreav where infrastructure and community amenities are already in place.
Projected price growth for these top neighborhoods ranges from 4% to 6% for Svay Dangkum, 3% to 5% for Sala Kamreuk, and 2% to 4% for the strongest pockets of Chreav.
The primary catalyst is the combination of proximity to the city center, rental yield potential, and the limited supply of quality housing in these areas, which creates competition among buyers.
One emerging neighborhood that could surprise with higher-than-expected growth is the riverside corridor along the Siem Reap River, where strict development controls limit new supply and properties benefit from irreplaceable location advantages.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Siem Reap.
What property types will appreciate the most in Siem Reap in 2026?
As of early 2026, condos and apartments near the city center are expected to appreciate the most in Siem Reap, followed by well-finished villas in established borey communities, then townhouses with good road access.
The projected appreciation for top-performing condos is around 4% to 6% for 2026, driven by their rental suitability and the fact that foreigners can legally own them.
The main demand trend driving this appreciation is the shift toward experience-focused tourism and longer-stay visitors (including digital nomads), which creates demand for centrally located units that offer flexible rental arrangements.
On the other hand, outer-ring borey houses more than 10 kilometers from the center are expected to underperform because they face weak absorption, limited rental demand, and competition from newer projects closer to town.
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.
How will interest rates affect property prices in Siem Reap in 2026?
As of early 2026, interest rate trends in Cambodia are expected to have a moderating effect on property prices in Siem Reap, keeping price growth steady rather than explosive because mortgage costs remain relatively high by regional standards.
Current mortgage rates in Cambodia range from about 6.5% to 10% per year depending on the lender, and most analysts expect rates to stay in this range or edge slightly lower as banks compete for borrowers, though no dramatic cuts are anticipated.
As a general rule, a 1% change in interest rates in Cambodia can shift monthly mortgage payments by roughly 10%, which directly affects how much house a local buyer can afford and tends to have the biggest impact on the townhouse and link house segment where Cambodian end-users are the primary buyers.
You can also read our latest update about mortgage and interest rates in Cambodia.
What are the biggest risks for property prices in Siem Reap in 2026?
As of early 2026, the three biggest risks for property prices in Siem Reap are a tourism shock or slower-than-expected recovery (given the city's heavy dependence on visitor flows), oversupply in outer borey projects leading to price pressure and discounting, and macroeconomic headwinds from factors like US tariffs or regional border tensions that could weigh on Cambodia's overall growth.
The single risk with the highest probability of materializing is continued weak absorption in outer landed projects, because supply already exceeds demand in those areas and developers may resort to deeper discounts to move inventory, which could drag down headline price statistics even if central areas hold firm.
We actually cover all these risks and their likelihoods in our pack about the real estate market in Siem Reap.
Is it a good time to buy a rental property in Siem Reap in 2026?
As of early 2026, it is generally a good time to buy a rental property in Siem Reap if you focus on the right product in the right location, specifically centrally located condos or near-center landed homes with proven rental demand.
The strongest argument in favor of buying now is that prices are still below pre-pandemic peaks in many segments, rental yields in Siem Reap can reach 5% to 7% gross for well-positioned properties, and the new airport infrastructure has improved connectivity in ways that should support sustained visitor flows.
The strongest argument for waiting is that outer areas still have significant unsold inventory and some developers may offer deeper discounts later in the year to clear stock, so if you are targeting those areas, patience could pay off.
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 Siem Reap.
You'll also find a dedicated document about this specific question in our pack about real estate in Siem Reap.
Buying real estate in Siem Reap can be risky
An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
Where will property prices be in 5 years in Siem Reap?
What is the 5-year property price forecast for Siem Reap as of 2026?
As of early 2026, cumulative property price growth in Siem Reap over the next 5 years is expected to reach around 20%, which translates to roughly doubling your equity if you factor in a typical 50% down payment.
The range of 5-year forecasts spans from about 12% cumulative (conservative scenario assuming tourism stagnates) to about 30% cumulative (optimistic scenario with strong tourism recovery and credit loosening).
This works out to a projected average annual appreciation rate of roughly 3.7% per year over the next 5 years in Siem Reap.
The key assumption most forecasters rely on is that Siem Reap's tourism will continue to diversify toward longer-stay visitors and domestic travelers, reducing the city's vulnerability to international tourism shocks and supporting more stable rental demand.
Which areas in Siem Reap will have the best price growth over the next 5 years?
The top three areas in Siem Reap expected to have the best price growth over the next 5 years are Svay Dangkum (the city center anchor), Sala Kamreuk (the lifestyle and expat hub), and well-positioned sections of Chreav where infrastructure has already been completed.
Projected 5-year cumulative price growth for these top-performing areas is roughly 25% to 35% for Svay Dangkum, 20% to 30% for Sala Kamreuk, and 15% to 25% for the best parts of Chreav.
This is largely consistent with our shorter-term forecast, but the gap between central and outer areas is expected to widen over 5 years because central locations benefit from compounding rental demand while outer projects may need extended time to find buyers.
One currently undervalued area with the best potential for outperformance over 5 years is the corridor along the future expressway route, where early land purchases could see significant appreciation once infrastructure is completed and accessibility improves.
What property type will give the best return in Siem Reap over 5 years as of 2026?
As of early 2026, mid-tier central condos and apartments are expected to give the best total return over 5 years in Siem Reap, combining both capital appreciation and rental income.
The projected 5-year total return for top-performing condos is roughly 45% to 55% when you combine an estimated 25% to 35% price appreciation with cumulative rental income of around 20% to 25% (at 4% to 5% net yield per year).
The main structural trend favoring condos is the combination of severe supply constraints (only three projects exist), the ability for foreigners to own them, and rising demand from digital nomads and longer-stay visitors who prefer condo-style accommodation.
For buyers who want a balance of return and lower risk over 5 years, well-located townhouses in established borey communities offer more stable local demand, lower entry prices, and less volatility than condos, even if the upside is more modest.
How will new infrastructure projects affect property prices in Siem Reap over 5 years?
The top three major infrastructure projects expected to impact property prices in Siem Reap over the next 5 years are the continued expansion of the Siem Reap-Angkor International Airport (which opened in late 2023), the planned expressway connecting Siem Reap to Phnom Penh, and ongoing urban improvements including green parks, bicycle lanes, and riverside development.
The typical price premium for properties near completed infrastructure in Siem Reap is around 10% to 20% compared to similar properties without such access, based on observed patterns after recent road and airport improvements.
The neighborhoods that will benefit most from these infrastructure developments are Svay Dangkum (which gains from airport connectivity and urban improvements), the riverside corridor (which benefits from beautification projects), and areas along the future expressway route where travel times to Phnom Penh will drop significantly.
How will population growth and other factors impact property values in Siem Reap in 5 years?
Siem Reap Province has a population of around 1 million (with the city itself at roughly 200,000 to 250,000), and population growth of about 2% to 2.5% per year is expected to add moderate upward pressure on housing demand, though the impact on property values will be more noticeable in affordable housing segments than in premium properties.
The demographic shift that will have the strongest influence on property demand in Siem Reap is the growing number of retirees and semi-retired expats choosing the city for its laid-back lifestyle, lower cost of living, and improving healthcare infrastructure, which is driving demand for Western-style villas and accessible single-story homes.
Migration patterns are expected to support property values over 5 years: Siem Reap is attracting both international lifestyle migrants and Cambodians relocating from Phnom Penh who want a quieter pace of life, while the city's role as a tourism hub continues to draw hospitality workers and service providers.
The property types and areas that will benefit most from these demographic trends are central condos (for expats and investors), near-center villas with modern amenities (for retirees and relocating families), and affordable townhouses in accessible neighborhoods (for local workers in the growing hospitality sector).
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 Siem Reap?
What is the 10-year property price prediction for Siem Reap as of 2026?
As of early 2026, cumulative property price growth in Siem Reap over the next 10 years is expected to reach around 45% in the base case scenario.
The range of 10-year forecasts spans from about 25% cumulative (conservative scenario where tourism remains choppy and supply overshoots demand) to about 60% cumulative (optimistic scenario where tourism fully normalizes with higher-spend, longer-stay visitors).
This translates to a projected average annual appreciation rate of roughly 3.8% per year over the next 10 years in Siem Reap.
The biggest uncertainty factor in making 10-year predictions for Siem Reap is the future trajectory of tourism: the city's economy remains heavily dependent on visitor flows, and any major disruption (whether from global economic shocks, regional competition, or health crises) could significantly alter the growth path.
What long-term economic factors will shape property prices in Siem Reap?
The top three long-term economic factors that will shape property prices in Siem Reap over the next decade are tourism competitiveness (connectivity, safety perception, and visitor mix), Cambodia's broader economic growth model (whether it shifts toward more domestic consumption or stays export-driven), and financial conditions (how freely banks lend for housing and at what cost).
The single long-term factor with the most positive potential impact on Siem Reap property values is the diversification of tourism toward longer-stay visitors and higher-spend travelers, which would increase rental demand and reduce the city's vulnerability to seasonal fluctuations.
The single long-term factor that poses the greatest structural risk is Siem Reap's continued heavy dependence on tourism: if the city fails to develop alternative economic drivers, property values will remain vulnerable to any disruption in visitor flows, whether from competition, health crises, or geopolitical tensions.
You'll also find a much more detailed analysis in our pack about real estate in Siem Reap.
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 Siem Reap, 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 | Why it's authoritative | How we used it |
|---|---|---|
| Knight Frank Cambodia | Global real estate consultancy with a dedicated Cambodia research team and transparent reporting. | We used it as our core Siem Reap-specific reference for price ranges, supply data, and neighborhood analysis. We also relied on their demand split between central and outer areas. |
| Global Property Guide | International housing data platform with clearly attributed sources including CBRE and NBC. | We used it as a cross-check for price direction and rental yield benchmarks. We treated their Cambodia-wide data as context rather than Siem Reap-specific. |
| Asian Development Bank | Major multilateral institution and primary source for regional macro forecasts. | We used their GDP growth projections to frame the economic backdrop for housing demand. We translated their national forecasts into Siem Reap implications. |
| World Bank | Top-tier international institution with transparent methodologies and vetted data. | We used their macro outlook to triangulate growth expectations. We also referenced their Siem Reap city profile for population baseline data. |
| IMF DataMapper | Primary source for internationally comparable macro projections. | We used it as a third forecaster to avoid relying on any single institution. We used their projections to bracket economic scenarios. |
| National Bank of Cambodia | Central bank's own publication with high authority on credit and financial conditions. | We used it to support our discussion of credit availability and why housing growth stays subdued when lending is cautious. |
| CBRE Cambodia | Global real estate services firm with consistent Cambodia market commentary. | We used it as a private-sector cross-check on market sentiment. We compared their stabilization timeline against other sources. |
| IPS Cambodia | Local real estate agency with on-the-ground Siem Reap market expertise. | We used their market presentations for Siem Reap-specific transaction trends. We incorporated their insights on villa demand and buyer profiles. |
| Hunter Estate | Local Siem Reap agency with detailed neighborhood-level market analysis. | We used their outlook for infrastructure impacts and neighborhood rankings. We incorporated their 2026 predictions for market direction. |
| Phnom Penh Post | Leading national newspaper citing official aviation authority data. | We used it to confirm airport passenger milestones. We connected this to rental demand implications for central Siem Reap. |
| Council for the Development of Cambodia | Official government source for Cambodia's foreign ownership legal framework. | We used it to explain why condos attract more foreign buyers than landed homes. We incorporated this into our segment analysis. |
| Cambodia Ministry of Tourism | Official government statistics on visitor arrivals and tourism trends. | We used their regional visitor data to quantify Siem Reap tourism recovery. We connected visitor numbers to rental demand drivers. |
| ABA Bank Cambodia | Major Cambodian bank with publicly available mortgage rate information. | We used their lending rates to benchmark mortgage costs. We incorporated this into our affordability analysis. |
| Canadia Bank | Cambodia's largest local bank with longstanding mortgage lending presence. | We used their home loan information to cross-check lending conditions. We referenced their market position in our credit analysis. |
| Cambodia Property Asia | Specialized property research platform focused on Cambodian markets. | We used their condo market analysis for price per square meter benchmarks. We incorporated their supply constraint observations. |
| Bamboo Routes | Our own research team with direct engagement with local agents and developers. | We used our proprietary data to validate external sources and fill gaps. We incorporated transaction-level insights not available elsewhere. |
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If you want to go deeper, you can read the following: