Market brief · Asia
Investing in Cambodia
The first listings in Cambodia are being prepared with our partners. Members hear about them first, and the markets below are open now.
Buying in Cambodia
Country guide · 17 minComplete Investor Guide to Cambodian PropertyCapitalize on Southeast Asia's most affordable dollarized condo market while navigating foreign-ownership rules and oversupplyUSD EconomyAffordable EntryOversupply RiskRead the guideCities2 guides
All Cambodia city guides
City guide · 7 minSiem ReapGateway to the Angkor Wat temple complex, Siem Reap is Cambodia's premier tourism city and a low-rise property market shaped by heritage-protection rules that cap most buildings at six storeys to preserve the spiritual skyline. That height restriction limits vertical supply and channels investment toward boutique hotels, serviced villas and short-stay accommodation around the Old Market (Pub Street) core, the Wat Bo and Sala Kamreuk riverside areas, and the airport road toward the new Siem Reap-Angkor International Airport. Residential land in 2024 traded at roughly USD 100-150 per square metre, and the market is running hot in 2025: residential prices are rising an estimated 8-10% year-on-year, with condos up around 8% and luxury villas climbing 15-20%, while short-let occupancy reached an impressive 85%. Realistic gross rental yields sit in the 6-8% range. The new international airport, which moved flights away from the temples, is the central catalyst, and analysts project continued 8-10% annual growth in the near term, making Siem Reap a tourism-led growth story for investors comfortable with a small, seasonal market.
City guide · 8 minPhnom PenhCambodia's riverside capital is Southeast Asia's most accessible high-yield condominium market, built on a US-dollar economy that shields foreign buyers from currency risk and a strata-title regime that allows full foreign ownership of units above the ground floor. The investment map centres on Chamkar Mon, which contains the blue-chip BKK1 district where premium developments average USD 2,800-3,500 per square metre, alongside the riverfront Daun Penh quarter and the emerging 7 Makara growth zone. Entry-level stock sits at a far more accessible USD 1,500-2,200 per square metre, while prime prices stabilised around USD 1,800-2,400. After a subdued first half, the high-end segment showed clear recovery signals in late 2025, with average prices rising roughly 5% year-on-year to surpass USD 2,800 per square metre in Q4. Total condo supply reached nearly 80,000 units as vacancies eased toward 15% per project. With net rental yields among the highest in the region, typically a realistic 6-8%, Phnom Penh remains a yield-led play for investors comfortable with an oversupplied but recovering, dollarised frontier market.
