How much are house prices in Cambodia? Latest market data and trend analysis in 2024
In recent years, the Cambodian real estate market has attracted much attention from international investors, especially the fluctuations in housing prices in the capital Phnom Penh and the tourist city Siem Reap have become hot topics. This article combines the hot discussions on the Internet in the past 10 days, collates the latest housing price data, regional comparisons and investment trends, and provides reference for interested investors.
1. Overview of housing prices in major cities in Cambodia (updated in June 2024)
| city | Average apartment price (USD/㎡) | annual increase | Popular areas |
|---|---|---|---|
| Phnom Penh | 2,500-3,800 | +5.2% | BKK1, Diamond Island |
| Siem Reap | 1,200-2,000 | +3.8% | City center, airport area |
| Sihanoukville | 1,500-2,500 | -1.5% | ocher die beach |
2. Price breakdown of various types of real estate in Phnom Penh
| Property type | Average price range (USD) | rental yield |
|---|---|---|
| High-end apartment (furnished) | 150,000-500,000 | 6-8% |
| Mid-range apartment | 80,000-150,000 | 5-7% |
| Townhouse (townhouse) | 200,000-800,000 | 4-6% |
3. Analysis of recent market hot spots
1.Phnom Penh’s BKK1 district continues to lead gains: As an embassy district and high-end commercial center, the average apartment price in this area has reached US$3,800/㎡, with some projects exceeding US$4,000, attracting a large number of foreign-funded company executives to move in.
2.Sihanoukville Port market adjustment: Due to the impact of early over-development, the prices of some projects have fallen back, but coastal land parcels still have long-term investment value.
3.Impact of new policies: The Cambodian government recently launched a revised draft of the "Foreigners Real Estate Property Rights Law", which has triggered heated discussions and may further relax restrictions on foreign property purchases.
4. Investment suggestions and risk warnings
•Advantages: USD assets, no foreign exchange controls, young demographic dividend;
•risk: There is oversupply in some areas and the transparency of legal enforcement needs to be improved;
•Suggestions: Prioritize existing housing projects in core areas of Phnom Penh to avoid the risk of unfinished projects.
5. Excerpts from expert opinions
The vice chairman of the Real Estate Association of Cambodia said: "The market will be polarized in 2024. Prices of high-quality projects in Phnom Penh may increase by 8-10%, while secondary locations may face destocking pressure."
Summary: Cambodia’s housing prices are generally at the low end of Southeast Asia, but regional differences need to be noted. Investors are advised to focus on Phnom Penh’s mature business districts and Siem Reap cultural and tourism real estate projects based on their own capital scale.
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