Price range for condos in Phnom Penh
Our clients frequently ask about the minimum, average, and maximum prices for condos, including specific price brackets such as $60,000, $64,000, $75,000, $90,000, and above!
The Insider’s Guide to Phnom Penh Condo Prices: What $60K Really Gets You in Cambodia’s Capital
The price range for condos in Phnom Penh starts at $39,900 for studio units and goes up to $664,289 for luxury penthouses. Most buyers find good options between $60,000 to $150,000. The price range for condos in Phnom Penh varies greatly by location, with BKK1 being the most expensive at $2,774 per square meter. Smart buyers can find great deals in emerging areas for half the price.
Overview
The price range for condos in Phnom Penh spans from budget-friendly $40,000 studios to luxury penthouses over $500,000. This market covers three main segments: affordable units under $75,000, mid-range properties from $75,000 to $250,000, and premium condos above $250,000. The market caters to first-time buyers, foreign investors, and luxury seekers looking for modern living in Cambodia’s capital.
Current condo prices Phnom Penh depend on several factors including location, size, and building amenities. Key areas like BKK1 command premium rates while emerging districts offer better value. The main price points include:
- Studio apartments starting at $77,000 in central locations
- One-bedroom units ranging from $39,900 to $210,000
- Two-bedroom condos priced between $71,700 and $427,160
- Three-bedroom units spanning $118,000 to $664,289
Overall, buying a condo in Phnom Penh offers investors rental yields of 5-10% annually, making it attractive for both living and investment purposes.
Quick Summary
Condo prices Phnom Penh have stabilized after years of rapid growth. The average condo price Phnom Penh sits around $125,000, with most units selling between $60,000 and $250,000. Location drives pricing more than any other factor in the Phnom Penh condo market. Prime areas like BKK1 cost twice as much as emerging neighborhoods.
The Phnom Penh condo investment market offers strong returns, with rental yields ranging from 5% to 10% annually. Foreign buyers make up 82% of purchasers, drawn by competitive Phnom Penh real estate prices compared to other Asian capitals. Cambodia condo prices remain affordable for international standards, making the market accessible to various buyer types.
Key statistics show Phnom Penh condo cost varies significantly by district. Condo price per sqm Phnom Penh ranges from $1,067 in Toul Tompoung to $2,774 in BKK1. This price spread creates opportunities for different budgets and investment strategies.
Price range for condos in Phnom Penh – The Key Price Takeaways
Here are the most important facts about condo pricing in Cambodia’s capital:
1. Entry-Level Options Start Surprisingly Low
Affordable condos Phnom Penh begin at just $39,900 for one-bedroom units in projects like Time Square 8. These units offer 40-47 square meters of space with basic amenities. The low entry point makes homeownership possible for young professionals and first-time buyers. Many developers offer payment plans with zero interest during construction periods.
2. Mid-Range Sweet Spot Offers Best Value
The $75,000 to $150,000 bracket provides the most options in the Phnom Penh property market. Two-bedroom units in good locations typically fall in this range. Projects like Kingston Royale and Time Square 8 offer modern amenities without luxury pricing. This segment attracts both locals upgrading their living situations and foreign investors seeking rental income.
3. Luxury Market Commands Premium Prices
High-end condos Phnom Penh start around $250,000 and can exceed $600,000 for penthouses. Luxury condos Phnom Penh feature top-tier finishes, hotel-style services, and prime locations. Developments like Le Conde and Picasso Sky Gemme target affluent buyers seeking prestige addresses. These properties often include smart home features and exclusive amenities.
4. Location Creates Massive Price Differences
BKK1 district commands the highest prices in the Phnom Penh real estate market trends. Condo units Phnom Penh in this area cost $2,774 per square meter compared to $1,067 in Toul Tompoung. Waterfront locations like Diamond Island add 15-20% premiums for river views. Emerging areas offer similar amenities at half the cost of established neighborhoods.
5. Size Significantly Impacts Total Investment
Studio units average $1,878 per square meter while three-bedroom condos cost $2,184 per square meter. Larger units benefit from economies of scale in pricing. Phnom Penh condo for sale listings show one-bedroom units offer the best price per square meter value. Three-bedroom units appeal to families but require higher total investment.
6. New Developments Drive Market Innovation
New condos Phnom Penh increasingly feature smart home technology and sustainable design. Projects launched in 2024-2025 include co-working spaces and pet-friendly amenities. Phnom Penh off-plan condos often offer early-bird discounts of 10-20% off final pricing. Pre-construction purchases allow buyers to customize finishes and secure better payment terms.
7. Rental Returns Exceed Regional Averages
Phnom Penh condo rental yields range from 5% to 10% annually, beating Bangkok’s 5.1% average. Studio apartments can generate $400-600 monthly rental income. Two-bedroom units in good locations earn $800-1,200 per month. Phnom Penh condo ROI calculations show positive cash flow possible with 30% down payments.
8. Foreign Investment Drives Demand
International buyers represent 82% of Phnom Penh expat condos purchases. Chinese investors lead at 27%, followed by Singaporeans at 18%. Cambodia property market regulations allow foreigners to own up to 70% of units in any building. This legal framework supports continued foreign investment in the sector.
9. Infrastructure Boosts Property Values
New Techo International Airport opening in 2025 will increase nearby Phnom Penh property prices 2025. The $36.6 billion infrastructure program connects previously remote areas to the city center. Highway projects already increased values by 15-20% along major corridors. Phnom Penh real estate forecast shows continued growth from transportation improvements.
10. Market Timing Favors Current Buyers
Phnom Penh real estate value stabilized after post-pandemic adjustments. Many projects offer incentives like guaranteed rental returns or management services. Absorption rates of 75-80% indicate healthy demand for quality developments. Phnom Penh condo value appreciation of 5-7% annually expected through 2027.
Breaking Down the Numbers
| Price Bracket | Typical Units | Key Features | Target Buyers |
|---|---|---|---|
| $40,000-$60,000 | Studio/1BR in emerging areas | Basic amenities, good transportation | First-time buyers, young professionals |
| $60,000-$75,000 | 1-2BR in developing districts | Standard amenities, pool/gym | Local families, entry investors |
| $75,000-$90,000 | 2BR in established areas | Good amenities, central location | Expats, serious investors |
| $90,000+ | 2-3BR in prime locations | Premium amenities, luxury finishes | Affluent buyers, luxury seekers |
Location Price Comparison
| District | Price per sqm | Notable Projects | Best For |
|---|---|---|---|
| BKK1 | $2,774 | Le Conde, UC88 Wyndham | Luxury living, maximum prestige |
| Koh Pich | $2,106 | Diamond Bay Garden | Waterfront lifestyle, modern amenities |
| Chroy Changvar | $2,052 | La Vista One, Peninsula | River views, emerging growth |
| Tonle Bassac | $1,988 | J Tower 3, The Pinnacle | Central location, good value |
| Chamkarmon | $1,102 | Kingston Royale | Affordable luxury, local convenience |
| Toul Tompoung | $1,067 | Time Square 8 | Best value, strong community |
Detailed Development Analysis
Time Square 8 Phnom Penh: The Value Champion
This 50-story development in Toul Tompoung shows why the price range for condos in Phnom Penh offers such variety. One-bedroom units start at $39,900, making it one of the most affordable new developments. Two-bedroom units cost $73,000-$94,000, providing family space without luxury pricing.
The project sits near Russian Market, offering authentic local culture and excellent food options. Transportation links connect residents to downtown in 15 minutes. Amenities include rooftop pools, fitness centers, and sky gardens. With 78% of units sold despite only 5% construction completion, buyer confidence remains strong.
Rental yields project 5-7% annually, with similar units renting for $1,200 monthly. The developer’s track record of seven completed projects reduces completion risk. Payment plans allow $2,000 booking with extended installments during construction.
J Tower 3 Phnom Penh: Reaching New Heights
At 320 meters tall, this 77-story tower represents the luxury end of Phnom Penh condo listings. All units feature three bedrooms with 166-178 square meters of space. Pricing starts around $330,000, targeting affluent buyers seeking prestige addresses.
The Tonle Bassac location provides river views and easy access to business districts. Amenities span multiple floors, including sky bars, bowling alleys, and indoor parks. Over 75% of units sold before construction completion demonstrates strong market acceptance.
Early buyers report capital gains as construction progresses. The project’s “value luxury” positioning offers high-end features at 2013 price levels. Gross rental yields of 8% exceed the city average of 6.96%.
La Vista One Phnom Penh: Waterfront Living
This twin-tower development showcases how location affects the price range for condos in Phnom Penh. One-bedroom units cost $102,000-$130,000, reflecting premium riverfront positioning. The 52-square-meter units offer $1,962-$2,500 per square meter pricing.
Located where the Mekong and Tonle Sap rivers meet, views command premium pricing. The 41-story towers include sky bars, infinity pools, and spa centers. Nearby satellite city developments support long-term value growth.
The architectural design inspired by “VIEW” and “VICTORY” creates distinctive market positioning. Professional management and hotel-style services appeal to both residents and investors. Flexible payment terms make luxury waterfront living more accessible.
Le Conde Phnom Penh: BKK1 Luxury Redefined
This 43-floor tower in prime BKK1 shows the top end of condo prices Phnom Penh. Three-bedroom units reach $664,289, representing ultimate luxury positioning. The $3,977 per square meter pricing reflects premium location and finishes.
Smart home integration with Xiaomi technology sets new standards for modern living. Penthouses feature Fendi Casa and Bentley Home furnishings. The 8% annual leaseback program for three years provides income certainty.
Completion in June 2024 gives buyers immediate occupancy while competitors remain under construction. BKK1 location puts residents within walking distance of top restaurants, shopping, and business centers. The 18% upfront discount combined with guaranteed returns creates compelling investment structure.
Vue Aston Phnom Penh: Emerging Area Value
Located in developing Koh Norea, this project demonstrates how Phnom Penh condo investment opportunities exist beyond established areas. One-bedroom units start at $90,000, offering $2,000 per square meter pricing in a waterfront setting.
The flexible payment structure requires only $2,000 booking with 24-month installments at zero interest. This approach makes luxury waterfront living accessible to more buyers. Professional management by international brands ensures quality operations.
The emerging location provides growth opportunity as the area develops. Proximity to three-river confluence creates unique selling points. Modern amenities include pools, gyms, and spa facilities typically found in higher-priced developments.
Picasso Sky Gemme Phnom Penh: Ultra-Luxury Redefined
This 52-floor tower in BKK1 targets the ultra-luxury segment of luxury condos Phnom Penh. One-bedroom units start at $170,000, with three-bedroom units reaching $565,000. The $2,924-$2,950 per square meter pricing reflects premium positioning.
The 276-unit development offers exclusivity in Cambodia’s most desirable neighborhood. Ceiling heights of 3.3-3.6 meters create spacious living environments. Strata-title freehold ownership provides secure investment structure.
Amenities include fitness centers, landscaped gardens, and rooftop spaces with city views. The developer’s previous success with Picasso City Garden creates brand equity supporting premium pricing. Location at Street 282 and Street 57 intersection provides immediate access to major landmarks.
The Pinnacle Phnom Penh: Mid-Market Balance
This Tonle Bassac development shows how average condo price Phnom Penh creates accessible luxury. Studio units start at $77,000, providing $2,139 per square meter value in a prime location. Eastern views toward Diamond Island add appeal without commanding waterfront premiums.
Flexible financing through Prince Bank offers 9% annual interest for 25-year terms. Alternative payment plans require only 25% down with monthly payments during construction. This flexibility attracts buyers who need financing assistance.
The developer’s brand reputation and established track record reduce buyer risk. Location in Tonle Bassac provides access to business districts while maintaining residential character. Resale options indicate developing secondary market liquidity.
UC88 Wyndham Garden Phnom Penh: Hotel-Standard Living
This BKK1 development demonstrates how international management affects Phnom Penh condo cost. Two-bedroom units cost $184,343, offering $1,664 per square meter value with hotel services included. Wyndham Garden management provides professional operations and brand recognition.
Fully furnished units include modern kitchens and private balconies. Hard title ownership ensures secure investment structure. The hotel management creates rental income opportunities for investor-owners.
BKK1 location provides maximum convenience for residents and rental appeal for tenants. International brand association increases resale value and rental rates. Professional management reduces owner responsibilities while maintaining property standards.
Peninsula Phnom Penh: Riverside Tranquility
This Chroy Changvar development offers Phnom Penh apartment prices that balance location and value. Two-bedroom units cost $200,000, providing $1,752 per square meter in a riverside setting. The 114-square-meter units offer spacious family living.
Modern finishes and bright living spaces appeal to quality-conscious buyers. River views provide lifestyle amenities typically found in higher-priced locations. 24-hour security and professional management ensure resident safety and convenience.
The peaceful setting attracts buyers seeking retreat from city noise while maintaining urban access. Swimming pool and fitness center provide resort-style amenities. The balance of tranquility and convenience appeals to both families and professionals.
Wealth Mansion Phnom Penh: Guaranteed Returns Focus
This 45-story Chroy Changvar tower demonstrates how developers structure Phnom Penh condo ROI. Units start at $120,000, offering $2,149 per square meter with guaranteed return programs. The three-river confluence location provides unique waterfront positioning.
SHAMA Hotel management ensures professional operations and rental income optimization. Amenities include rooftop infinity pools, indoor stadiums, and 360-degree sky bars. The 95% construction completion reduces project delivery risk.
Thai ONYX Group operates five-star apartment services, creating premium rental appeal. The developer’s emphasis on returns attracts investment-focused buyers. Professional management allows passive ownership for international investors.
Kingston Royale Phnom Penh: Affordable Luxury Leader
This 36-story Chamkarmon tower shows how affordable condos Phnom Penh can include luxury amenities. One-bedroom units start at $49,000, offering $1,089 per square meter pricing in a central location. Two-bedroom units cost $71,700-$93,000, providing family space at entry-level pricing.
The Russian Market location offers authentic local culture and excellent dining options. Modern amenities include pools, gyms, and sky gardens typically found in higher-priced developments. Rental yields project 6.5-7.5%, above market averages.
The 25-65% price advantage over competitors creates strong value proposition. Flexible payment plans include $350 monthly installments during construction. Loan support up to 90% makes purchasing accessible for local buyers.
Time Square 10 Sihanoukville: Beach Investment Option
This three-tower beachfront development expands the Cambodia condo prices conversation beyond Phnom Penh. One-bedroom units start at $40,000, offering $1,100 per square meter beachfront living. The Otres Beach location provides direct beach access with resort amenities.
Beach club facilities, water parks, and sky bars create resort-style living. The pricing represents one-third the cost of previous beachfront developments, making beach property accessible to more buyers. Tourism rental income provides seasonal revenue opportunities.
Comprehensive amenities include co-working spaces responding to remote work trends. The developer’s track record with Time Square 8 reduces completion risk. Beachfront location offers lifestyle benefits unavailable in urban developments.
Diamond Bay Garden Phnom Penh: Waterfront Excellence
This 39-floor Koh Pich development demonstrates premium waterfront pricing in the Phnom Penh real estate market trends. Studio units start at $85,000, with three-bedroom units reaching $360,000. The $2,125 per square meter pricing reflects prestigious Diamond Island location.
OCIC development by Cambodia’s leading infrastructure company ensures quality construction and timely delivery. Somerset hotel management provides international-standard operations. The confluence of three rivers creates unique waterfront positioning.
Koh Pich’s status as emerging CBD supports long-term value appreciation. Mix of commercial, residential, and entertainment facilities creates complete community. New Koh Norea Bridge improves connectivity to central Phnom Penh.
Urban Village Phase 2 Phnom Penh: Suburban Value
This 50+ floor development in Mean Chey shows Phnom Penh housing prices in emerging suburban areas. Three-bedroom units cost $209,000, offering $1,990 per square meter in a modern setting. Hun Sen Boulevard location provides major highway access.
ING City development creates planned community with shops, restaurants, and parks. Modern amenities include fitness centers, indoor pools, and BBQ terraces. The new development area offers growth opportunity as infrastructure improves.
24-hour concierge service provides hotel-style convenience. The suburban location appeals to families seeking space and value. Future development plans support long-term value appreciation.
Market Forces Shaping Prices
Economic Growth Drivers
Cambodia’s GDP growth of 5.8% in 2025 supports continued Phnom Penh property prices 2025 appreciation. The $36.6 billion infrastructure investment program creates jobs and improves transportation. Tourism recovery to 7.1 million visitors in 2025 drives rental demand.
Manufacturing sector expansion creates middle-class jobs supporting local buying power. Foreign direct investment continues flowing into the economy. Banking sector growth improves mortgage availability for local buyers.
Infrastructure Impact
Techo International Airport opening in 2025 will transform surrounding area property values. New expressways reduce commute times from suburban areas. The Phnom Penh-Bavet expressway already increased corridor property values by 15-20%.
Bridge projects improve connectivity between districts. Mass transit planning supports long-term urban development. Port expansion creates additional commercial activity supporting property demand.
Supply and Demand Balance
Current construction adds approximately 1,580 new units annually to the market. Total supply reached 72,000 units in 2024, up 26% from 2023. Quality developments achieve 75-80% absorption rates, indicating healthy demand.
The shift from luxury-focused to locally-oriented development better matches buyer profiles. Oversupply concerns exist in the luxury segment while affordable units remain in demand. Market timing favors buyers as incentives increase.
Regulatory Environment
Foreign ownership rules allowing 70% foreign ownership in any building support international investment. Stamp duty exemptions for homes under $210,000 through 2025 encourage first-time buyers. Capital gains tax deferrals provide additional buyer incentives.
Banking regulations support mortgage lending growth. Property registration improvements reduce transaction complexity. Legal framework stability attracts long-term investment.
Investment Strategy Guide
For First-Time Buyers
Target the $60,000-$100,000 range for best value and financing options. Consider emerging areas like Chamkarmon or Toul Tompoung for growth opportunity. One-bedroom units provide optimal liquidity and rental demand. Choose established developers with completed project track records.
Look for flexible payment plans during construction periods. Verify legal documentation and strata title registration. Consider proximity to transportation and local amenities. Plan for additional costs including management fees and utility deposits.
For Foreign Investors
Focus on professionally managed properties for passive ownership. Target rental yields of 6-8% for conservative projections. Consider currency stability and exchange rate impacts. Understand tax implications in home and host countries.
Diversify across price segments and locations to reduce risk. Partner with local property management companies. Verify legal requirements for foreign ownership. Consider exit strategy and resale market liquidity.
For Luxury Buyers
Prioritize location over unit size for maximum appreciation opportunity. Focus on waterfront or prime district properties. Consider developments with unique architectural features. Evaluate hotel-standard amenities and services.
Look for exclusive developments with limited unit counts. Consider penthouses for maximum prestige and views. Verify construction quality and developer reputation. Plan for higher management fees and utility costs.
For Rental Income Focus
Target areas with strong expat and business traveler demand. Consider studio and one-bedroom units for maximum rental efficiency. Look for developments with professional property management. Verify rental yield projections with comparable properties.
Consider seasonal variations in tourist areas like Siem Reap. Factor vacancy rates and management costs into return calculations. Choose locations with good transportation and amenities. Plan for property maintenance and improvement costs.
Financing Your Purchase
Local Bank Options
Cambodian banks typically offer 70% loan-to-value ratios for condo purchases. Interest rates range from 8-12% annually for qualified borrowers. Loan terms extend to 20-25 years for most properties. Documentation requirements include income verification and employment history.
Foreign buyers face additional requirements including work permits or business registration. Local income sources strengthen loan applications. Bank relationships improve approval chances and rates. Some banks offer preferential rates for premium developments.
Developer Financing
Many developers offer installment plans during construction periods. Interest-free payment options often available for 12-36 months. Down payment requirements typically range from 20-30% of purchase price. Final payment due at unit completion and handover.
Some projects offer guaranteed rental return programs. Leaseback arrangements provide income during initial years. Flexible payment schedules accommodate buyer cash flow. Early payment discounts sometimes available.
International Financing
Overseas mortgage options limited for Cambodia property purchases. Some international banks offer portfolio loans for qualified clients. Private banking relationships provide additional financing options. Cross-border lending requires substantial documentation.
Currency hedging considerations for foreign-earned income. Tax implications vary by buyer’s home country. Legal advice essential for international financing structures. Insurance requirements may differ from local standards.
Legal Considerations
Ownership Structure
Foreign buyers purchase through strata title ownership of individual units. Maximum 70% foreign ownership per building enforced by law. Leasehold options available for ground floor commercial spaces. Co-ownership with Cambodian nationals creates additional complexity.
Hard title provides strongest ownership rights and bank financing eligibility. Soft title offers lower costs but limited financing options. Title verification essential before purchase commitment. Legal counsel recommended for all foreign purchases.
Due Diligence Process
Verify developer licenses and project approvals before purchase. Check construction progress against payment schedule. Review building management agreements and fee structures. Confirm utility connections and infrastructure completion.
Inspect sample units for construction quality and finishes. Review neighboring developments and area planning. Verify transport links and community amenities. Check for any legal disputes or liens on the property.
Transaction Process
Purchase agreements typically require 10% deposit upon signing. Legal review period allows contract examination and due diligence. Progress payments tied to construction milestones. Final payment and title transfer at completion.
Transfer taxes and registration fees add 4-6% to purchase price. Legal fees typically 1-2% of purchase price. Property management setup required before occupancy. Insurance arrangements necessary for protection and financing.
Conclusion and Action Steps
The price range for condos in Phnom Penh offers something for every budget and investment goal. From $39,900 starter units to luxury penthouses over $500,000, the market provides diverse opportunities. Smart buyers who research locations, verify developers, and understand legal requirements can find excellent value.
Now is a good time to buy as the market stabilizes after post-pandemic adjustments. Infrastructure improvements will drive future value growth. Foreign investment continues supporting market liquidity and development quality.
Take These Steps Today:
- Set your budget including down payment and additional costs
- Research locations matching your lifestyle or investment goals
- Contact established developers to view sample units and floor plans
- Verify financing options through banks or developer programs
- Schedule site visits to compare projects and neighborhoods
For personalized advice on finding the perfect condo within your budget, contact our experienced team who specialize in helping buyers navigate Cambodia’s property market.
Helpful Resources:
Cambodia Property Investment Guide – Learn about foreign ownership rules, tax implications, and market fundamentals for successful property investment in Cambodia.
These resources provide essential information for making informed decisions in Cambodia’s dynamic property market.
