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Siem Reap's property market is experiencing robust growth in 2025, with residential prices rising 8-10% year-on-year. The recovery is driven by tourism resurgence, new infrastructure developments, and increasing foreign investment interest in this historic temple city.
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Siem Reap property prices are rising significantly in 2025, with condominiums up 8% and luxury villas increasing 15-20% from 2024 levels. The outskirts and developing areas like Svay Dangkum are experiencing the fastest growth.
| Property Type | Price Range (USD) | 2024-2025 Change | Hot Growth Areas |
|---|---|---|---|
| Villas | $89,000-$950,000 | +15-20% | Svay Dangkum, outskirts |
| Condominiums | $100,000-$300,000+ | +8% | Central, new projects |
| Land (prime) | $3,000/m² | Stable | Downtown |
| Land (secondary) | $120-$950/m² | +5-15% | Outskirts, ring road |
| Apartments | $77.42/ft² | +5-8% | City center |
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.
What are the current median property prices in Siem Reap as of June 2025?
As of June 2025, the median price for residential properties in Siem Reap stands at approximately $205,366.
The current property market in Siem Reap shows significant price variations across different property types and locations. Residential listings currently range from about $104,991 to $559,227, indicating a diverse market that caters to various budget levels.
For villas, particularly Western-style and fully furnished properties, prices typically range between $89,000 and $950,000, depending on size, location, and amenities. The luxury villa segment has seen the most dramatic price increases, with properties experiencing 15-20% appreciation since 2023, driven by strong demand from wealthy local buyers and expatriates seeking premium accommodations.
Condominiums represent another significant segment, with new developments such as Sky Park, Rose Apple Square, and Angkor Grace showing strong performance. These properties have experienced an 8% year-on-year value increase since 2023, reflecting growing confidence in Siem Reap's urban development potential.
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How much have residential property prices increased in the past 12 months in Siem Reap?
Residential property prices in Siem Reap have shown strong growth over the past 12 months, with an overall projected increase of 8-10% in 2025.
The condominium market has been particularly robust, with values rising 8% year-on-year in 2024. This growth reflects the successful completion and occupancy of several major developments, combined with increased demand from both local and international buyers attracted to Siem Reap's improving infrastructure and tourism recovery.
High-end properties, particularly villas and luxury homes, have experienced even more substantial appreciation. Villa prices have remained stable or increased by 15-20% since 2023, with the most significant gains seen in Western-style properties that cater to expatriate communities and affluent Cambodian families seeking premium residences.
The rental market has also contributed to overall property value appreciation, with rental prices growing 5% in 2024 and occupancy rates reaching 85%. This strong rental performance has enhanced the investment appeal of Siem Reap properties, particularly for investors seeking steady income streams.
Land prices have shown more varied performance, with downtown areas maintaining stability while outlying regions experience more dynamic growth driven by new infrastructure projects and affordable housing initiatives.
Which districts or areas in Siem Reap are experiencing the fastest price growth in 2025?
The outskirts of Siem Reap are experiencing the most rapid price growth in 2025, particularly areas targeted for affordable housing projects and infrastructure improvements.
Svay Dangkum has emerged as a standout growth area, identified by local real estate experts as having strong appreciation potential. This district benefits from its proximity to planned infrastructure improvements and the anticipated relocation of airport facilities, making it increasingly attractive to both developers and individual buyers seeking value opportunities.
Areas along the new ring road are seeing substantial price increases as improved connectivity enhances their accessibility and development potential. These locations offer a compelling combination of lower entry prices and strong growth prospects, attracting investors who recognize the long-term value creation opportunities.
Central Siem Reap, while still experiencing growth, is beginning to see price stabilization as supply starts to match demand following a recent construction boom. However, prime central locations continue to command premium prices, particularly for properties with direct access to tourist areas and established infrastructure.
The areas surrounding new infrastructure projects, including improved roads and drainage systems, are witnessing accelerated price appreciation as these developments enhance living conditions and property accessibility.
What property types are seeing the biggest price increases currently?
Condominiums and Western-style villas are leading the price appreciation trends in Siem Reap's current market cycle.
| Property Type | Price Increase | Key Drivers |
|---|---|---|
| Western-Style Villas | 15-20% | Expatriate demand, luxury amenities, limited supply of premium properties |
| Condominiums | 8% | Urban lifestyle appeal, modern amenities, foreign ownership accessibility |
| Developing Area Land | 5-15% | Infrastructure improvements, hospitality development potential |
| Serviced Apartments | 6-9% | Tourism recovery, business traveler demand, rental yield optimization |
| Prime Downtown Land | Stable | Limited supply, established value, commercial development interest |
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How do current Siem Reap property prices compare to five years ago?
Current Siem Reap property prices in 2025 are generally higher than five years ago, having recovered from the pandemic downturn and established new growth trajectories.
Downtown land prices have essentially returned to pre-pandemic levels, demonstrating the market's resilience and fundamental strength. While some prime locations maintained relative stability throughout the crisis period, most areas experienced temporary declines during 2020-2021 before beginning their recovery phase.
The residential property market experienced a more pronounced recovery pattern, with significant downturns during the COVID-19 period (2020-2021) followed by robust stabilization and growth. Properties in sought-after locations and premium categories have not only recovered their pre-pandemic values but have surpassed them significantly.
Secondary and developing areas have shown the most dramatic improvement compared to five years ago, particularly benefiting from tourism rebound and infrastructure investments. These areas, which were relatively undervalued in 2020, have experienced substantial appreciation as investors recognized their development potential.
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What are the expert forecasts for Siem Reap property prices through 2030?
Real estate experts predict continued strong growth for Siem Reap property prices through 2030, with sustained appreciation driven by tourism recovery and infrastructure development.
The five-year outlook (2025-2030) projects continued growth at 8-10% per year in the near term, fueled by multiple positive factors including tourism recovery, strategic infrastructure investments, and increasing foreign investment interest. This growth rate is expected to moderate as the market matures but remain robust compared to regional averages.
Tourism recovery serves as a primary growth driver, with the new Siem Reap-Angkor International Airport serving over 1.3 million passengers annually and boosting local property demand. The enhanced connectivity is attracting both tourists and investors, creating sustained upward pressure on property values across multiple segments.
Infrastructure development projects, including road improvements and urban planning initiatives, are expected to enhance property values particularly in currently developing areas. The government's commitment to supporting affordable housing through tax exemptions and developer incentives is likely to stimulate additional construction and price appreciation in targeted zones.
Economists anticipate that if Cambodia achieves its goal of becoming a high-income country by 2050, Siem Reap property values could experience significant long-term appreciation as the city cements its status as a global tourism and cultural hub.
What impact is tourism growth having on current property values?
Tourism growth is serving as a major catalyst for property value increases across Siem Reap, with the sector's recovery directly translating into enhanced real estate demand.
The opening of the new Siem Reap-Angkor International Airport in 2023 has fundamentally transformed the city's accessibility and appeal. This infrastructure improvement has boosted demand for vacation homes, rental properties, and hospitality-related real estate, creating upward pressure on prices across multiple property categories.
International tourist arrivals showed remarkable recovery, with numbers up 49% in January 2024 compared to the previous year. This surge in visitors has increased demand for short-term rental properties, pushing up both rental rates and property values as investors seek to capitalize on the growing tourism market.
Major tourism events, including the Angkor Marathon and Water Festival, are drawing significant crowds and injecting vitality into the local economy. These events create sustained demand for accommodation and entertainment facilities, benefiting property owners and developers in tourist-oriented areas.
The tourism sector's growth has particularly benefited properties suitable for vacation rentals and hospitality businesses, with many investors specifically targeting these property types for their income-generating potential and capital appreciation prospects.
How are government policies affecting property prices in Siem Reap in 2025?
Government policies implemented in 2025 are providing significant support for property price growth through targeted incentives and infrastructure investments.
The 2025 exemption on property transfer taxes for first-time buyers and new developments represents a major policy intervention designed to stimulate residential transactions. This initiative is expected to boost market activity and support price growth by reducing transaction costs and encouraging new buyer participation.
Affordable housing initiatives backed by government incentives are spurring new development projects, particularly in Siem Reap's outskirts. These programs include tax breaks and reductions for developers investing in affordable housing, creating additional supply while supporting overall market growth and price appreciation in targeted areas.
Infrastructure investment programs, including the $60 million allocated for road improvements and the 38-Road Project, are enhancing accessibility and making previously less desirable areas attractive for investment. These infrastructure improvements are directly contributing to property value increases by improving connectivity and living conditions.
The government's proactive approach to supporting real estate market recovery, combined with political stability following recent elections, has enhanced investor confidence and created a favorable environment for sustained property price growth.
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 are the current rental yields for residential properties in Siem Reap?
Rental yields for residential properties in Siem Reap are currently ranging between 6-9%, making the city an attractive destination for income-focused investors.
The rental market has shown strong performance in 2024, with occupancy rates reaching 85% and rental prices growing 5% year-on-year. This combination of high occupancy and rising rents creates favorable conditions for property investors seeking steady income streams from their investments.
Different property types offer varying yield profiles, with serviced apartments and properties suitable for short-term tourism rentals typically commanding higher yields due to the strong tourist demand. Residential apartments in central areas generally provide yields in the 7.9-8.5% range, while luxury villas may offer lower yields of 1.8-8% depending on their target market and rental strategy.
The tourism recovery has been particularly beneficial for rental yields, with 5.43 million international visitors in 2023 representing a 139.5% increase from the previous year. This influx of tourists created higher demand for short-term rentals, naturally boosting occupancy rates and rental income potential.
Infrastructure improvements, including the new airport and enhanced road systems, have improved living conditions and connectivity, supporting both rental demand and the ability to command premium rental rates in well-connected areas.
How do Siem Reap property prices compare to Phnom Penh and Sihanoukville in 2025?
Siem Reap property prices remain significantly more affordable than both Phnom Penh and Sihanoukville, while offering superior rental yields and stronger growth prospects.
| City | Median Price/m² (Apartments) | Rental Yields | 2025 Price Trend |
|---|---|---|---|
| Phnom Penh | ~$2,650 | 6.5-7.5% | +1.7% |
| Siem Reap | ~$834 (estimated) | 7.9-8.5% | +8-10% |
| Sihanoukville | ~$1,600 (coastal) | 7.9-8.5% | +5-10% |
| Rent vs. Phnom Penh | 43% lower | Higher yields | Faster growth |
What are the main factors driving property price increases in Siem Reap currently?
Multiple interconnected factors are driving the current property price increases in Siem Reap, creating a supportive environment for sustained growth.
Tourism recovery stands as the primary driver, with the new Siem Reap-Angkor International Airport fundamentally improving the city's connectivity and appeal. The airport's capacity to handle millions of passengers annually has attracted both tourists and investors, creating sustained demand across multiple property segments.
Infrastructure development projects are enhancing property values by improving accessibility and living conditions. Major road improvements, drainage systems, and urban planning initiatives are making previously less desirable areas attractive for investment while supporting price appreciation in established locations.
Foreign investment continues to play a crucial role, with European and regional investors expressing strong confidence in Cambodia's investment climate. Record-high project approvals in 2024 demonstrate sustained international interest in Siem Reap's real estate market, particularly for condominiums and luxury properties.
Government policy support through tax exemptions and affordable housing initiatives is stimulating both supply and demand, creating a favorable environment for price growth while encouraging new development projects that enhance overall market appeal.
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What is the forecast for property prices in Siem Reap for the next 2-3 years?
Property price forecasts for Siem Reap through 2027-2028 indicate continued strong appreciation, with experts predicting sustained growth driven by structural improvements and economic development.
The short-term outlook (2025-2027) projects continued growth at 8-10% annually, supported by tourism recovery, infrastructure completion, and increasing foreign investment. This growth rate reflects the market's current momentum and the positive impact of recent policy initiatives and infrastructure investments.
Infrastructure projects currently under development are expected to provide ongoing support for price appreciation through 2027. The completion of road improvements, enhanced airport connectivity, and urban development projects will continue to enhance property values, particularly in areas directly benefiting from these improvements.
Tourism sector growth is anticipated to maintain its upward trajectory, with international visitor numbers expected to continue recovering and potentially exceed pre-pandemic levels by 2027. This sustained tourism growth will support demand for both vacation properties and rental investments, maintaining upward pressure on prices.
Long-term structural factors, including Cambodia's economic development goals and Siem Reap's position as a global cultural destination, suggest that the current growth trend could extend beyond 2027, particularly if the country achieves its development targets and maintains political stability.
Conclusion
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.
Based on comprehensive market analysis and current trends, property prices in Siem Reap are definitively rising in 2025, with strong growth momentum expected to continue.
The combination of tourism recovery, infrastructure development, government support, and foreign investment interest creates a compelling case for sustained price appreciation, making this an opportune time for property investment in Cambodia's premier cultural destination.
Sources
- Real Estate for Sale in Siem Reap | realestate.com.kh
- Hunter Estate - Siem Reap Property Demographics 2024
- Khmer Times - Siem Reap Downtown Land Prices
- Bamboo Routes - Siem Reap Real Estate Market Statistics
- Cambodia Property Development - Siem Reap
- Bamboo Routes - Cambodia Real Estate Market
- Bamboo Routes - Siem Reap Real Estate Forecasts
- Global Property Guide - Cambodia Price History
- IPS Cambodia - Siem Reap Market Trends 2025
- Expat Life Cambodia - Siem Reap Real Estate Guide