Recovery Led by Value and Infrastructure

Cambodia’s real estate market is moving through a gradual and selective recovery, with buyer confidence improving but purchasing decisions remaining cautious.

Demand is increasingly concentrated on properties offering strong value, good locations and reliable quality. Buyers are also placing greater importance on legal documentation, completed or reputable developments and long-term investment potential.

Infrastructure remains one of the strongest drivers. Ring Road 3, the New Techo International Airport, and the continued expansion of southern and western Phnom Penh are reshaping development patterns and supporting demand for land and residential projects along key growth corridors. 

Landed Homes and Growth Corridors Lead

The residential market is gradually stabilising, with the strongest demand seen in affordable and mid-market properties.

The borey segment remains relatively active, although affordability, financing conditions and household purchasing power continue to influence sales.

Condominiums are recovering more slowly. Performance remains highly location-dependent, while existing supply and absorption continue to weigh on some projects.

By comparison, growth-corridor land continues to show some of the strongest long-term potential, particularly in areas benefiting from infrastructure development and urban expansion.

Outlook

Cambodia’s property recovery is expected to remain gradual rather than broad-based.

Affordable landed housing and growth-corridor land are likely to remain the strongest-performing segments, while condominium recovery will favour projects with competitive pricing, strong locations, good quality and clear rental demand.

As investors become more disciplined, opportunities are likely to favour buyers who focus on fundamentals, infrastructure and long-term value rather than short-term speculation.

The contents of this article were contributed by Sorn Seap, Head of Juwai Cambodia.