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Yes, the analysis of Sihanoukville's property market is included in our pack
Thinking about buying a 3-bedroom apartment in Otres Beach? It’s a great area, but you're probably wondering: is now the right time to buy, or should you wait for prices to drop?
And what about long-term investment—should you look into other areas of Sihanoukville where property values might appreciate more over time?
In this article, we’ll answer these questions. We know this market quite well - and we have put all our knowledge in the Cambodia Property Pack.
Will property prices increase in Sihanoukville in 2025?
No, property prices in Sihanoukville are not expected to rise in 2025, due to a combination of economic challenges and market conditions.
Backed by our fresh, in-depth market analysis, we’re cautious about the prospects for Sihanoukville, as several factors are likely to suppress property price growth.
While there are some positive developments, the overall market sentiment remains bearish, with significant hurdles that could prevent any substantial price increases.
Signals pointing to a property price increase in Sihanoukville
Here are some factors suggesting prices could increase:
The Cambodian government is investing in infrastructure projects, such as road improvements and port expansions, which could enhance Sihanoukville's appeal as a commercial hub and potentially boost property values.
There is a growing interest from international investors, particularly from China, who are looking to capitalize on Sihanoukville's strategic location and potential for tourism development.
The local tourism industry is showing signs of recovery post-pandemic, with increasing numbers of visitors expected to drive demand for hospitality and residential properties.
Signals pointing to a property price decrease in Sihanoukville
Here are some factors suggesting prices could fall:
The oversupply of condominiums and commercial properties in Sihanoukville has led to high vacancy rates, putting downward pressure on prices as developers struggle to sell or lease their units.
Economic instability and political uncertainties in Cambodia could deter potential investors, leading to reduced demand for property in Sihanoukville.
Environmental concerns, such as pollution and inadequate waste management, continue to affect Sihanoukville's reputation, potentially discouraging new buyers and investors.
The recent crackdown on illegal gambling operations in Sihanoukville has led to a decline in business activities, impacting the local economy and reducing demand for commercial properties.
Rising construction costs and regulatory challenges are making it difficult for developers to complete new projects, which could lead to a slowdown in the real estate market.
The global economic outlook remains uncertain, with potential impacts on foreign investment and tourism, both of which are crucial for Sihanoukville's property market.
Local residents and businesses are facing financial difficulties due to the economic downturn, which could lead to a decrease in property transactions and further price declines.
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If property prices go up in Sihanoukville, how much would they increase by?
If real estate prices in Sihanoukville were to rise in 2025, the increase would likely be between 3% to 7% of their 2024 values.
Typically, real estate in emerging markets like Sihanoukville appreciates by approximately 3% to 7% annually over the long term. However, fluctuations can occur depending on factors such as region, season, and property type.
It means that, if you spot a lovely beachfront condo in Otres Beach for $150,000 today, don't be surprised if it's priced between $154,500 and $160,500 this time next year.
To give you a better understanding, here is a table that shows 7 types of Sihanoukville real estate properties, their estimated prices in 2024, and projections for 2025 based on potential price increases of 3%, 5%, and 7%.
| Type of Property | Average Price in 2024 ($) | Price in 2025 (3% increase) | Price in 2025 (5% increase) | Price in 2025 (7% increase) |
|---|---|---|---|---|
| Beachfront Condo (60 sqm / 646 sqft) | $150,000 | $154,500 | $157,500 | $160,500 |
| Modern Apartment (75 sqm / 807 sqft) | $200,000 | $206,000 | $210,000 | $214,000 |
| Luxury Villa (100 sqm / 1,076 sqft) | $500,000 | $515,000 | $525,000 | $535,000 |
| Studio (30 sqm / 323 sqft) | $75,000 | $77,250 | $78,750 | $80,250 |
| Loft (80 sqm / 861 sqft) | $250,000 | $257,500 | $262,500 | $267,500 |
| Townhouse (150 sqm / 1,615 sqft) | $400,000 | $412,000 | $420,000 | $428,000 |
| Investment Property (50 sqm / 538 sqft) | $100,000 | $103,000 | $105,000 | $107,000 |
Everything you need to know is included in our Property Pack for Sihanoukville
If real estate prices go up in Sihanoukville, which areas are likely to see the biggest increases?
Today, people who want to move to Sihanoukville are looking for the coastal charm, but they also want modern conveniences and vibrant social scenes, which Serendipity Beach delivers. Hence, we could see a price increase there in 2025.
Also, lately, there's been a shift toward more youthful, vibrant neighborhoods, and Otres Beach has really taken off.
We like it when information is clear and easy to digest. So, here’s a table that highlights the areas where prices might rise the most, along with the reasons behind those expected increases. It’s very high-level. If you want more details on a specific area, please check our real estate pack tailored to the Sihanoukville market.
| Neighborhood | Level of Increase | Why |
|---|---|---|
| Serendipity Beach | High | Recent development of luxury resorts and its increasing appeal to international tourists as travel normalizes post-pandemic, driving demand. |
| Otres Beach | High | Expected rise due to limited beachfront properties, upcoming eco-friendly projects, and growing demand for prime coastal real estate. |
| Victory Hill | Medium-High | Ongoing gentrification and new transport links, along with several planned redevelopment projects in the area, are likely to push prices higher. |
| Independence Beach | Medium | The shift towards hybrid workspaces is driving demand for residential properties near business districts, combined with new mixed-use developments. |
| Koh Rong | Medium-High | Eco-friendly tourism projects and recent construction of new resorts and recreational facilities are increasing its attractiveness for investors, pushing prices upward. |
| Downtown Sihanoukville | Medium | Investment in local infrastructure, such as the extension of road networks and renovation of commercial areas, is boosting long-term value. |
| Ream National Park | Medium-High | With new eco-tourism and conservation projects being developed, this area is seeing increased demand from both residents and investors. |
| Kampong Som | High | Upcoming large-scale urban regeneration projects and improved public transport access are expected to make this area more desirable. |
| Koh Puos | Medium-High | Its proximity to Sihanoukville, along with new luxury developments, makes it increasingly attractive to professionals seeking more space. |
| Kbal Chhay Waterfall | Medium | Gentrification and eco-tourism projects are attracting new residents, leading to rising prices as the area becomes more fashionable. |
| Koh Rong Samloem | High | As new luxury resorts are launched, demand for premium beachfront properties among wealthy buyers is expected to further increase property values. |
| Prek Treng Beach | High | Upcoming restoration of natural habitats and high-profile eco-friendly projects are driving a renewed focus on this scenic, coastal location. |
-The best areas to buy a property in Sihanoukville
If I'm looking to invest in real estate, what types of properties should I focus on for the best value appreciation in Sihanoukville?
In 2025, Sihanoukville real estate trends focus on beachfront condos, eco-friendly resorts, properties with ocean views, and sustainable developments—all driving higher demand and prices. Here is a summary.
- Beachfront Condos with Modern Amenities:
With Sihanoukville's growing reputation as a coastal hub, beachfront condos equipped with modern amenities are in high demand. These properties attract both local and international buyers looking for luxury and convenience.
- Eco-Friendly Resorts and Villas:
As eco-tourism gains traction, resorts and villas that emphasize sustainability and environmental responsibility are becoming popular. These properties appeal to environmentally conscious investors and tourists.
- Properties with Ocean Views:
Post-pandemic, the desire for scenic views and open spaces has increased. Properties offering stunning ocean views are highly sought after, providing a serene escape and promising value appreciation.
- Sustainable Developments with Green Certifications:
Sihanoukville's focus on sustainable growth is boosting demand for developments with green certifications. Investors are increasingly interested in properties that support the city's environmental initiatives, leading to price growth in this sector.
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