Cambodia is experiencing a new surge in popularity, creating high demand for new developments, especially in coastal cities. Foreign investors can purchase real estate in Cambodia directly from developers on favorable terms thanks to the virtually unlimited condominium ownership (up to 70% in a single project).
Benefits of Buying Real Estate from a Developer in Cambodia
Purchasing real estate from a developer in Cambodia reduces the final cost of the transaction, as developers often offer installment plans or discounts. Purchasing off-plan allows you to save up to 10–20% compared to completed properties.
Other advantages of new buildings in Cambodia:
- Transparency of transactions. The purchase rules are clearly defined: a contract with the developer, registration with the Cadastral Department, and insurance against delays.
- High profitability. Rental yields in Phnom Penh and Sihanoukville reach 7–10%, with payback periods of 6–8 years.
Features of New Real Estate in Cambodia
New developments in Cambodia are focused on the tropical climate and local lifestyle. Local architectural designs are inspired by the temples of Angkor and traditional Khmer stilt houses. Features include:
- Infrastructure of the complexes. Condominiums include rooftop pools, coworking spaces, and smart home systems.
- Integration with culture. Residential complexes are surrounded by green areas with tropical gardens, and Buddhist altars are often installed in the lobby.
- Flexibility for renting. Management companies actively work with foreigners and charge 8-12% for managing rental housing.
The Cost of New Housing in Cambodia
Local condominiums are the most popular among foreigners. This is not so much a type of real estate as a form of ownership. However, these days, this term refers to residential complexes in which apartments are owned by specific owners. Responsibility for common areas and grounds is shared among all residents.
Average cost of new housing in Cambodia by segment:
| Property type |
Price per square meter (USD) |
Area (sq.m.) |
| Studios | 1200–1800 | 30–50 |
| 1-2 bedroom apartments | 2000–2800 | 60–100 |
| Penthouses | 3200–4000 | 120–200 |
Where is the Best Place to Buy a New Home in Cambodia?
The most popular place to buy real estate is Phnom Penh's Chroy Changvar district. This financial hub boasts bridges across the Mekong River. Residential properties from developers in Cambodia can be purchased here for $1,800–$2,500 per square meter.
Other popular areas:
- Sihanoukville, Otres zone. A resort center with a casino and port. Local projects are focused on rental housing for tourists with yields of 8-11%. Purchase prices range from $1,500 to $3,000 per square meter.
- Siem Reap, Wat Bo area. Near this area is the famous Angkor Wat, which attracts the majority of tourists to the country. The average price per square meter is $1,200–$2,000.
- Kampot, river area. An eco-tourism hub, prices are growing at a 15% annual rate. This surge is due to the new port, which makes the city a significant logistics hub. Expat-friendly projects cost between $1,000 and $1,800 per square meter.
- Kandal, a suburb of Phnom Penh. Affordable townhouses are located here ($50,000–$80,000 for 80 sq. m.)
Purchasing in these locations is simplified: payment can be made in dollars with the presence of a notary (costing 1-2% of the total). After the transaction is completed, the notary registers it in the land registry within 7-14 days.
