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What is happening in Siem Reap’s real estate market? Are prices on the rise or decline? Is Siem Reap still a prime destination for foreign investors? How are local government policies and taxes shaping the real estate landscape in 2025?
These are the questions we hear every day from professionals, buyers, and sellers alike, from the bustling streets of Siem Reap to the serene outskirts. Perhaps you’re curious about these trends too.
We know this because we stay closely connected with local experts and individuals like you, exploring the Siem Reap real estate market daily. That’s why we crafted this article: to offer clear answers, insightful analysis, and a comprehensive view of market trends and dynamics.
Our aim is straightforward: to make sure you feel informed and confident about the market without needing to search elsewhere. If you think we missed something or could improve, we’d love to hear your feedback. Feel free to message us with your thoughts, and we’ll strive to enhance this content for you.

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1) Foreign buyers will increasingly seek properties with short-term rental income potential
Foreign buyers are increasingly eyeing properties with short-term rental potential in Siem Reap.
Why? Well, for starters, Siem Reap is buzzing with tourists. In January 2024, the city saw 115,532 international tourists, a significant jump of 49% from the previous year. This surge continued with nearly 540,000 tourists visiting in just the first two months of 2024, up by 62.69% compared to the same period in 2023. With more tourists, there's naturally a higher demand for short-term rentals.
And it's not just about the numbers. The influx of visitors has led to higher occupancy rates in short-term rentals, making these properties a hot commodity for investors. Airbnb and similar platforms are seeing a rise in listings, with a 3% increase over the past year. As tourism keeps climbing, this trend is expected to continue.
But there's more to it. The Cambodian government is rolling out the welcome mat for foreign investors. They've eased property ownership regulations, making it simpler for foreigners to invest in real estate, especially those properties ideal for short-term rentals. This is a big win for anyone looking to dive into the market.
With these favorable conditions, it's no wonder that foreign interest in Siem Reap's real estate is on the rise. The combination of booming tourism, attractive rental yields, and supportive government policies creates a perfect storm for investment.
Sources: EAC News, AirDNA, Khmer Times
2) Regulations will become more favorable, boosting international property purchases
Cambodia is making it easier for foreigners to own property thanks to recent changes in its laws.
Back in 2019, the introduction of the Trust Law was a game-changer, allowing foreigners to own landed property through local trustees. This move has significantly boosted international investments in Cambodia's real estate sector. Fast forward to 2021, and the government rolled out the new Law on Investment, offering income tax exemptions and customs duties incentives to attract even more foreign investors.
The Cambodian government isn't stopping there. They've been actively working to improve transparency and security in property transactions for foreigners, making the market even more appealing. In 2023, there was a noticeable increase in foreign trust registrations, showing a growing interest from international buyers. This trend is likely to continue as property prices in Cambodia remain competitive compared to its neighbors.
For those considering a property purchase in Cambodia, it's worth noting that the government is keen on making the process smoother and more secure. With these favorable regulations, foreign investors are finding Cambodia an increasingly attractive destination. The combination of competitive prices and supportive laws is drawing more international attention to the Cambodian real estate market.
As the market evolves, it's clear that Cambodia is positioning itself as a prime spot for foreign property investment. The government's proactive approach and the introduction of investor-friendly laws are paving the way for more international purchases. With these changes, foreign ownership in Cambodia is on the rise, and the trend shows no signs of slowing down.
Sources: Khmer Times, UNCTAD, The Better Cambodia

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.
3) Government initiatives to improve housing standards will impact property values
The Cambodian government is making big moves to improve housing standards, which could really shake up property values.
They've pumped $100 million into land registration to wrap it up by 2029. This isn't just about paperwork; it's about training thousands of officials to speed up land surveys, so people can make the most of their land, potentially boosting property values.
From January to November 2023, the government gave the green light to over 3,000 real estate projects, with a whopping $5.25 billion in capital investment. This surge in projects shows they're serious about upgrading housing standards, which could mean a nice bump in property values down the road.
They've also set up the Real Estate Investment Commission (REIC) to keep an eye on things. The REIC's job is to make sure everyone plays by the rules and to improve building standards. Better standards mean safer, more appealing homes, which is a win for property values.
These efforts are part of a broader strategy to make Cambodia's real estate market more attractive to investors. By focusing on safer and more desirable living conditions, the government is setting the stage for a property value boost.
Sources: IPS Cambodia, Construction Property, Construction Property
4) Online platforms will simplify property buying, making it easier for foreign investors to access the market
Online platforms are revolutionizing the property buying process, making it easier for foreign investors to dive into the Cambodian market.
In 2023 and 2024, platforms like Realestate.com.kh have become a go-to for property seekers, with over 100,000 visitors each month and a vast selection of more than 20,000 properties available for sale and rent. This surge in digital engagement shows how much people now rely on these tools for property transactions.
Platforms such as esalesinternational.com are not just local heroes; they have a global reach, connecting buyers from Europe, Asia, and the USA with Cambodian real estate. This international connection highlights the effectiveness of digital solutions in bridging the gap between foreign investors and local opportunities.
Foreign investors are increasingly favoring digital property searches. A significant number of them, over 50%, have taken virtual tours, and a whopping 67% prefer them when checking out listings. Properties with these virtual tours not only fetch higher prices but also sell faster, proving that digital processes can significantly cut down transaction times.
Local real estate agencies are teaming up with international online platforms to make the Cambodian property market even more accessible. For example, Realestate.com.kh's partnership with HuiOne Pay has introduced online payment options, making transactions smoother and more convenient for foreign investors.
These digital advancements are not just about convenience; they are about opening doors. With the right online tools, foreign investors can easily explore and invest in Cambodian properties without the usual hassles.
Sources: esalesinternational.com, Realestate.com.kh, Online Marketplaces
5) Siem Reap’s property prices will rise moderately as tourism recovers
Siem Reap is seeing a boost in residential property prices as tourism makes a comeback.
In January 2024, international tourist arrivals in Siem Reap jumped by 49% compared to the previous year. This influx of visitors is not just filling up hotels and guesthouses; it's also sparking interest in the local property market.
With more tourists, local hotels and guesthouses are enjoying higher occupancy rates. This uptick is great for the hospitality industry and is also nudging up demand for residential properties as investors look to capitalize on the growing need for accommodations.
The Cambodian government is playing its part by actively promoting tourism and investing in infrastructure. A major project is the US$60 million road expansion from the new Siem Reap Angkor International Airport, which is making the city more accessible and appealing to both tourists and investors.
These infrastructure improvements are not just about better roads; they are about making Siem Reap a more attractive destination. This, in turn, is supporting the rise in property prices as more people see the potential for investment in the area.
As Siem Reap becomes more connected and tourist-friendly, the residential property market is expected to continue its upward trend, driven by these strategic developments and the ongoing rebound in tourism.
Sources: EAC News, Construction & Property, Hunter Estate
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6) Mid-range property prices will stabilize as the market adapts to new economic conditions
Siem Reap's real estate market is buzzing with activity as rental transactions rise, hinting at a stable future for mid-range properties.
Foreign investors are flocking to Cambodia, thanks to relaxed ownership laws and better infrastructure. This surge in investment is boosting demand and helping to keep mid-range property prices steady. Siem Reap, with its rich cultural heritage, is especially benefiting from this trend, as the tourism sector bounces back and fuels property interest.
The Cambodian government is also lending a hand with policies that make buying property more appealing to foreigners. Freehold ownership in strata-titled properties is a big draw for international buyers, adding to the stability of mid-range property prices in Siem Reap.
Financing options are another piece of the puzzle. With more ways to finance mid-range properties, international investors find it easier to enter the market, which in turn supports price stability. This financial flexibility is crucial for maintaining a balanced market.
As the market adjusts to these new economic conditions, mid-range property prices are expected to stabilize. The combination of foreign investment, government policies, and financing options creates a solid foundation for the future.
Siem Reap's appeal as a cultural hotspot, coupled with these economic factors, makes it a prime location for property investment. The ongoing recovery of the tourism sector only adds to the allure, ensuring continued interest in the region's real estate market.
Sources: Home Invest Cambodia, Keller Henson
7) Kouk Chak will draw more investors with improved infrastructure enhancing accessibility
The Kouk Chak area in Siem Reap is quickly becoming a favorite spot for investors due to major infrastructure upgrades.
In recent years, the government has poured resources into improving roads and transportation, including building 38 roads over 108 kilometers, completed in 2022. This has made Kouk Chak much more accessible, drawing the attention of potential investors.
Another big move was the allocation of US$60 million for a road project linking the new Siem Reap Angkor International Airport to the city. This 20-kilometer stretch is a game-changer for the region's connectivity, making it easier for people and goods to move around.
Historically, better infrastructure has led to increased property values. We've seen this in other parts of Siem Reap, where improved transportation has spurred economic growth and development.
Travel in the area is now easier and safer, thanks to upgraded road conditions and new systems like rainwater and sewage management, flood protection, and roadside lighting. These changes not only make the area more accessible but also more appealing to investors.
With these enhancements, Kouk Chak is set to attract even more investors, as the improved infrastructure makes it a more viable and attractive option.
Sources: EAC News, Asia Property Awards, Construction Property
8) Foreign buyers will target properties with strong community connections and cultural importance
Siem Reap is becoming a hotspot for cultural tourism, attracting foreign buyers interested in properties with deep cultural roots.
Thanks to the government's efforts, infrastructure improvements are happening alongside cultural preservation, making the area even more appealing. One standout project is in Wat Bo village, where community-based tourism is thriving. This initiative not only highlights the village's rich heritage but also ranks it among the world's most scenic villages, catching the eye of international investors.
With the reopening of iconic sites like Angkor Wat, tourist numbers are on the rise, boosting demand for short-term rentals in culturally significant areas. Media coverage is also playing a role, emphasizing the allure of these culturally rich neighborhoods, which are becoming increasingly attractive to foreign buyers.
Foreign buyers are particularly drawn to properties that offer a sense of community and cultural significance. In Siem Reap, the blend of modern amenities and traditional charm is a major selling point. The local government's focus on preserving cultural identity while enhancing infrastructure is a key factor in this trend.
Investors are not just looking for a place to stay; they want to be part of a community that values its heritage. This is why properties in areas with strong community ties are in high demand. The cultural richness of Siem Reap offers a unique opportunity for those looking to invest in a property that is more than just a building.
As Siem Reap continues to evolve, the focus on cultural tourism and community-based projects will likely keep attracting foreign buyers. The area's commitment to preserving its cultural identity while embracing modern development is a winning combination for investors.
Sources: The Better Cambodia, Construction & Property, Keller Henson

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9) Tax incentives will boost investment in sustainable and eco-friendly housing projects
The Royal Government of Cambodia is rolling out tax incentives to boost eco-friendly housing projects in 2023 and 2024.
These incentives are part of a broader push to attract investment and develop emerging neighborhoods like Kampong Chhang and Takeo. Green building initiatives have surged during this period, with 3,139 real estate projects approved, reflecting a growing trend towards sustainability.
In total, these projects represent a whopping US$5.25 billion in capital investment, underscoring the financial commitment to sustainable development. This wave of eco-friendly construction is reshaping the landscape of Cambodia's real estate market.
Notable projects like the Vattanac Capital Tower and the Chip Mong Insee Cement Office are leading the charge. These developments are known for their exceptional energy efficiency and likely benefited from the new tax incentives, setting a high standard for future green construction.
These projects are more than just buildings; they are benchmarks for what sustainable development can achieve in Cambodia. Investors are increasingly drawn to the potential benefits of eco-friendly housing, thanks to these government incentives.
As Cambodia continues to embrace sustainable development, these tax incentives are proving to be a game-changer. They are encouraging more investment in eco-friendly projects, transforming the country's approach to real estate.
Sources: World Bank, Constructive Voices
10) Demand for properties near Angkor Archaeological Park will surge as eco-tourism initiatives gain momentum
Properties near the Angkor Archaeological Park are becoming hot commodities as eco-tourism gains momentum.
In 2023, the park welcomed nearly 800,000 foreign tourists, bringing in over $37 million and marking a 222% increase from the previous year. This upward trend continued into 2024, with a 29.7% rise in international visitors in just the first nine months, generating $32.5 million in revenue. Such numbers highlight the park's growing appeal.
The global eco-tourism market is on the rise, with projections suggesting it could reach USD 945.34 billion by 2034. The Asia Pacific region, including countries like Thailand, Indonesia, and Malaysia, is a favorite among eco-tourists. Cambodia, with its unique blend of culture and nature, stands to gain significantly from this trend.
The Cambodian government is keen on promoting sustainable tourism, focusing on infrastructure and eco-tourism development, especially in Siem Reap. These initiatives are backed by increased funding, such as a World Bank-supported project, which could lead to more investments in properties near the park.
With the government's push for sustainable tourism and the park's rising popularity, properties in the area are poised for a boom. Investors are eyeing these opportunities, anticipating a surge in demand as eco-tourism initiatives take off.
As eco-tourism continues to grow, the demand for properties near Angkor Archaeological Park is expected to soar, making it a prime spot for investment.
Sources: Phnom Penh Post, Precedence Research, Travel and Tour World
11) Property prices in less developed areas will rise as infrastructure projects finish
In 2023 and 2024, the Cambodian government invested heavily in Siem Reap's infrastructure, including a $60 million road expansion and a monorail connecting the new airport to the city.
Historically, when Siem Reap upgrades its infrastructure, property values tend to rise. Take the 38-road renovation project, for instance, which not only resurfaced roads but also modernized city amenities, making neighborhoods more attractive.
Experts from CBRE predict that these infrastructure improvements, like new airports and roads, will continue to boost property values in developing areas. This is evident as demand grows in regions with new infrastructure, especially with the reopening of iconic sites like Angkor Wat.
New projects like the airport and monorail are making Siem Reap more accessible, which is a key factor in driving up property values. Easier access means more people can visit and live in the area, enhancing its overall appeal.
As these infrastructure projects wrap up, properties in less developed areas are expected to see a significant price increase. This is because improved connectivity often leads to higher demand and, consequently, higher property values.
For those considering buying property in Siem Reap, now might be the time to act. With these ongoing developments, the potential for property value appreciation is substantial, especially in areas benefiting from new infrastructure.
Sources: Construction Property, B2B Cambodia, Construction Property, Bakong Village
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12) Luxury rental yields will stabilize as the high-end accommodation market matures
Siem Reap is buzzing with new luxury villas and condos, showing a maturing market for high-end living.
With more luxury spots popping up, rental prices are becoming steadier, making it less of a rollercoaster for investors. This is great news for those looking to invest, as a balanced market means more predictable returns.
Tourism is a big deal here, and it's driving up the demand for fancy short-term rentals. High occupancy rates are the norm, which means property owners can count on a steady stream of income.
Even though there was a flood of new properties at first, rental prices are now leveling out. Developers are sweetening the deal with offers, and owners are tweaking prices to bounce back from past economic hiccups.
Foreign investors are jumping in, especially from overseas, boosting confidence in the market. This wave of investment signals that people believe in the long-term potential of Siem Reap's luxury real estate.
All these factors together mean that high-end rental yields are stabilizing as the market finds its footing.
Sources: Keller Henson, Khmer Times, Henderson Investment Group
13) Interest in properties with shared amenities will grow due to a shift towards community-focused living
In 2023 and 2024, there's a growing trend towards community-focused living, sparking interest in properties with shared amenities.
Take Siem Reap, for example, where developments like the Commune at Rose Apple Square are making waves. These places offer co-living spaces that cater to long-term travelers and professionals, providing private rooms with en-suite bathrooms and access to communal kitchens and co-working spaces.
Urban Living Solutions (ULS) is seeing a surge in demand for their community-focused projects, like Bakong Village. This development features centralized parking and encourages social interaction among residents, appealing to the Cambodian middle-class with affordable yet quality living options.
The media is also buzzing about the benefits of shared amenities. Articles from reputable sources highlight how developers like ULS are redefining housing landscapes with creative solutions that improve people's lives, emphasizing the advantages of community-focused living.
These shared spaces are not just about convenience; they foster social connections and enhance the quality of life, making them increasingly popular among buyers.
As more people seek out these community-centric environments, the demand for properties with shared amenities is expected to rise, driven by a desire for enhanced social interaction and a better living experience.
Sources: Urban Living Solutions, Los Angeles Times
14) Suburban rental yields will drop as more properties enter the long-term rental market
In 2023 and 2024, suburban areas like Siem Reap have seen a boom in residential property development.
This surge is fueled by urbanization and a growing need for housing and commercial spaces. As more properties hit the market for long-term rental, the market becomes saturated, leading to an oversupply.
With too many properties and not enough demand, landlords are in a race to attract tenants. This competition often means lowering rental prices to make properties more appealing. As prices drop, so do the yields, which are the returns landlords earn from renting out their properties.
There's also a trend of people leaning towards urban living for better services, education, and healthcare. This shift means fewer people are interested in suburban rentals, worsening the oversupply issue.
As a result, suburban rental yields are likely to decline as landlords struggle to fill vacancies and keep prices competitive. The oversupply and changing preferences are making it tough for landlords to maintain their returns.
Sources: Urban Land Institute, Knight Frank

We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Cambodia. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
15) Rents in remote areas will drop as tenants prefer more convenient locations
In Siem Reap, rental trends have shifted noticeably over the past few years.
Back in 2023 and 2024, rental prices in less accessible areas were already on the decline. The pandemic played a big part in this, causing a significant drop in rental rates. Even though prices have started to recover, they haven't reached their pre-pandemic levels. Meanwhile, properties in central or more accessible areas have maintained higher rental prices because tenants are increasingly valuing convenience and accessibility.
Real estate agents have reported that tenants are willing to pay more for locations that offer easy access to public transportation, tourist attractions, and amenities. The Siem Reap Smart City project has also played a role in this trend. By improving public transportation and amenities, the project has made certain areas more desirable. As a result, properties near these improvements have seen increased demand and higher rental prices.
Additionally, the abundance of serviced apartments and short-term rentals has led to a renter's market, especially in less accessible areas. This surplus has resulted in higher vacancy rates, as tenants prefer more convenient locations. Real estate market reports have shown that central locations continue to attract higher-paying tenants, further emphasizing the shift in tenant preferences.
In less accessible areas, the decline in rental prices is evident as tenants seek more convenient locations. The Siem Reap Smart City project, with its focus on improving public transportation and amenities, has made certain areas more desirable. As a result, properties near these improvements have seen increased demand and higher rental prices.
Real estate market reports have shown that central locations continue to attract higher-paying tenants, further emphasizing the shift in tenant preferences. The abundance of serviced apartments and short-term rentals has led to a renter's market, especially in less accessible areas. This surplus has resulted in higher vacancy rates, as tenants prefer more convenient locations.
Sources: Phnom Penh Post, Grantourismo Travels, IPS Cambodia
16) Rents in new developments will stay stable as supply aligns with demand
In 2023 and 2024, Siem Reap experienced a boom in construction with projects like the new Siem Reap Angkor International Airport and the Angkor Lake of Wonder resort.
These developments were designed to enhance infrastructure and tourism, which in turn boosted the housing market by increasing supply. The government played a key role by planning the Grand Siem Reap city near the new airport.
This initiative aimed to balance the housing demand that the old city couldn't handle, ensuring that supply met the growing demand from tourists and residents. Real estate market analyses from the past showed stable rental prices.
With median rents around $598 per month, this stability indicated a well-balanced market. Supply effectively met demand, keeping rents affordable and steady.
Rents in newly developed areas will remain stable as supply meets demand. This trend is particularly notable in areas surrounding the new airport and resort.
Investors and potential homeowners can expect consistent rental prices in these burgeoning areas, making it an attractive option for those looking to buy property in the country.
Sources: Construction Property, FazWaz, Construction Property
17) Rents in tourist-heavy areas will increase as visitor numbers return to pre-pandemic levels
Siem Reap is buzzing with tourists again, and it's changing the local property scene.
In 2023, over 3.5 million international visitors flocked to Siem Reap in just the first eight months. This surge is a big jump from the previous year, and it's expected to keep climbing. By the end of 2024, nearly 300,000 foreign tourists are projected to visit the famous Angkor Archaeological Park.
With this influx, hotels in Siem Reap are seeing full occupancy during peak times, like the Khmer New Year holiday. This means more people are not just visiting but staying longer, which naturally boosts the demand for places to stay.
As more tourists wander through hotspots like Pub Street, the need for short-term rentals is on the rise. Tourists want convenient and comfy places, and with more visitors, competition for these rentals heats up. This fierce demand is a major reason why rental prices in these tourist-heavy areas are climbing.
For those considering buying property here, it's worth noting that rents in tourist-heavy areas will rise as visitor numbers return to pre-pandemic levels. This trend is driven by the increasing number of tourists looking for short-term stays.
Sources: Asian News Network, Cambodia Investment Review, Travel and Tour World
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18) Rents in traditional neighborhoods will rise as they become more attractive to expatriates
Traditional neighborhoods in Siem Reap are becoming hotspots for expatriates.
These areas are drawing in more expats because of their unique cultural and historical charm. As a result, the demand for housing in these neighborhoods has skyrocketed. The influx of expatriates is not just a passing trend; it's reshaping the local real estate landscape.
One of the key factors making these neighborhoods more attractive is the significant infrastructure improvements initiated by the Cambodian government. Areas like Sala Kamreuk have seen enhancements in amenities, which have caught the eye of both local and foreign investors. This development is turning traditional neighborhoods into prime real estate spots.
Social media and media coverage have played a big role in showcasing the cultural allure of Siem Reap's traditional neighborhoods. This increased visibility has not only attracted more residents but also boosted investment. The presence of international schools and services tailored for expatriates further adds to the appeal, making these areas even more desirable.
Real estate market reports are showing a clear shift in housing preferences among expatriates, who are now leaning towards these traditional neighborhoods. With the tourism sector bouncing back, rental yields in these areas are expected to climb, offering lucrative opportunities for property investors.
For those considering property investment, these neighborhoods are becoming increasingly attractive. The combination of cultural charm, improved infrastructure, and rising demand is setting the stage for potentially higher rental returns in the near future.
Sources: IPS Cambodia, Home Invest Cambodia, Realestate.com.kh
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.