Cambodia’s Property Recovery Remains Selective
Cambodia’s property market remains in a gradual recovery phase, with buyer confidence improving but transaction activity still selective.
Demand is strongest in strategic locations supported by major infrastructure projects. Ring Road 3, Techo International Airport and development across southern Phnom Penh continue to strengthen interest in nearby land.
Buyers are also becoming more cautious. Rather than purchasing based on broad market optimism, they are prioritising completed developments, realistic pricing and well-connected locations.
This shift means recovery is not happening evenly across all property segments. Properties with clear infrastructure advantages and stronger long-term demand are performing better than projects relying mainly on speculative interest.
Infrastructure-Led Land Outperforms
The residential market remains generally stable, although demand is concentrated in selected projects and locations.
The borey market continues to face pressure from weaker purchasing power and high existing supply. Cambodia’s condominium segment is also experiencing slow absorption, with limited investor demand affecting sales momentum.
In comparison, land within major growth corridors is currently the strongest-performing segment. Infrastructure improvements are making these areas more accessible and commercially relevant, which supports both buyer interest and longer-term appreciation potential.
The market increasingly rewards projects that offer clear value, practical locations and completed or visible development progress. Sellers and developers may therefore need to adjust pricing expectations and focus more closely on buyers’ concerns around quality, delivery and usability.
Outlook
Cambodia’s property recovery is expected to continue at a measured pace.
Growth corridor land should remain the most promising segment, especially near major transport and infrastructure developments. Borey and condominium markets may improve gradually as economic confidence and purchasing power strengthen.
For investors, the strongest opportunities are likely to remain in well-located, realistically priced and infrastructure-supported assets, rather than across the broader market.
