Phnom Penh City Guide

Cambodia'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.