Why Cambodia? · Market perspective

A country with momentum.

Cambodia combines cultural depth, a young and growing population, international connectivity, and an evolving property market. For homeowners and investors, it offers a distinctive setting for long-term opportunity.

181,035Square kilometres

16mPeople

KHR & USDDual currency

Phnom PenhCapital city

Cambodia at a glance

Connected, growing, and increasingly international.

Cambodia sits at the centre of mainland Southeast Asia, with Phnom Penh serving as its political and economic centre.

Cambodia, officially known as the Kingdom of Cambodia, is a Southeast Asian nation bordered by Thailand, Laos, and Vietnam, with a coastline along the Gulf of Thailand.

To the north, Siem Reap is home to the world-renowned Angkor temple complex, a UNESCO World Heritage site. Along the southern coast, Sihanoukville provides a gateway to tropical islands, including Koh Rong, while coastal development continues to support tourism and investment.

The country is also a key part of the Greater Mekong Subregion and the Southern Economic Corridor, strengthening its role in trade, logistics, and industry.

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100% freehold ownership allowed for eligible foreigners

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Companies can be 100% foreign-owned

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Favourable investment laws

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Ease of capital flows

USD-based investment environment

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Key part of the Belt and Road Initiative

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Young population

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Rapid infrastructure development

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Increasing urbanisation

The Cambodian condo market has historically been driven by foreign investment, and this remains evident in recent data. International buyers still dominate, with notable contributions from the U.S. (10.3%), Singapore (7%), the U.K. (6.7%), and China (6.7%). Cambodian buyers now make up 18.2% of the market, suggesting increasing confidence among domestic buyers.

Market context

Who is buying and how demand is distributed.

Buyers by region

Regional Asia — Buyers from Singapore, Malaysia, Thailand, Vietnam, and China continue to play a major role in demand for Cambodian condos.
Western Europe — Investors from the U.K., Germany, France and other markets maintain steady interest.
The Americas — U.S. and Canadian buyers provide a solid base of investors looking to diversify.
Eastern Europe — A fast-growing segment, with buyers from Russia and Poland among the notable contributors.

This international interest reflects Cambodia's appeal as a high-growth emerging market. Figures in this section are reproduced from the supplied presentation and should be independently verified.

Unit preferences

What buyers are looking for in Phnom Penh.

One-bedroom units dominate buyer preferences, while limited supply of centrally located three-bedroom units creates a potential opportunity for investors.

In Phnom Penh, one-bedroom units account for 61% of total unit mix, followed by two-bedroom units at 20.5%, studio rooms at 10.1%, and three-bedroom units at 8.4%.

The average price per square meter in Phnom Penh is shown in the supplied market material as approximately $1,800 gross.

Rental demand

Rental preferences point to one-bedroom strength.

One-bedroom units dominate rental demand at 72%, followed by two-bedroom units at 18%.

Studio units make up just 5% of long-term rental demand, while three-bedroom units account for 5%. This breakdown suggests concentrated demand among investors and developers.

In the supplied material, average monthly rents are shown at approximately $350 for studios, $500 for one-bedrooms, $900 for two-bedrooms, and $1,322 for three-bedrooms.

Location highlights

Where demand is strongest across Cambodia.

BKK1 (Boeung Keng Kang 1)

Reason to invest: A premium expatriate neighbourhood with consistent demand, high-quality services, strong rental yields, and central access.

Tonle Bassac & Koh Pich (Diamond Island)

Reason to invest: A high-end district positioned for future growth, with lifestyle amenities, new developments, and proximity to central Phnom Penh.

Toul Tom Poung (Russian Market)

Reason to invest: A fast-growing lifestyle hub with a strong local–foreigner blend and attractive affordability.

Toul Kork

Reason to invest: Rising middle-class appeal, expanding amenities, connectivity, and growing demand from Cambodian families and younger buyers.

Siem Reap

Reason to invest: A boutique market supported by tourism, short-term rental opportunities, and the limited supply of well-located condos.

Sihanoukville

Reason to invest: A coastal gateway undergoing a reset, with long-term potential connected to trade, infrastructure, SEZs, and tourism.

Renters and rental preferences

A diverse renter base with a strong expat component.

Cambodian nationals make up the largest share of renters at 13.8%, reflecting rising domestic demand. Other notable groups include Americans (10.6%), Chinese (9.8%), French (9%), Japanese (3.3%), British (5.2%), and Koreans (3.2%). The rental market reflects a diverse mix of nationalities across Asia, Europe, and the Americas.

One-bedroom units dominate rental demand at 72%, with two-bedroom units at 18%, studios at 5%, and three-bedroom units at 5% in the supplied material.

Summary of property tax

Understanding the main ownership and transaction taxes.

Tax treatment can vary. The figures below reproduce the supplied informational material and should be verified with a qualified local adviser.

Annual property tax · 0.1%Applied to the assessed value of immovable property such as condos, land, and houses.

Property value$100,000

Illustrative taxable base$55,000

Annual property tax due$55

Transfer tax · 4%Registration or stamp duty paid when property ownership is transferred.

Property sales price$200,000

Illustrative transfer tax$8,000

Transfer tax due$8,000

Capital gains tax · 20%Applied to profit earned from selling property; implementation may be subject to applicable rules and timing.

Taxable gain example$60,000

Capital gains tax payable$12,000

Property rental taxShown in the supplied material as 10% for Cambodian residents and 14% for foreigners.

Monthly rent example$1,000

Annual rent collection$12,000

Illustrative tax for foreigner$1,680

Source: supplied Cambodia market and property-tax presentation. This page is informational and not legal, tax, or investment advice.