Cambodia Property Market Moves Into a More Disciplined Phase Cambodia’s property market in mid-2026 is showing signs of stabilisation, but recovery remains uneven across different segments. Headline prices are still correcting. The National Bank of Cambodia’s residential price index fell 3.67% year-on-year in January 2026, after a 3.8% decline in 2025. Phnom Penh recorded a sharper fall of 4.52%. However, the market is not moving in one direction. The borey landed housing segment remains one of the most active areas, supported by a growing middle class and better financing access. At the same time, the high-end Phnom Penh condo market showed some recovery in late 2025, with average prices rising around 5% to above US$2,800 per square metre in Q4. Cambodia also remains relatively affordable compared with other Southeast Asian capital-city markets, while rental yields are holding at a realistic 6% to 8% range. Infrastructure and Logistics Support Long-Term Demand The strongest growth drivers are now linked to infrastructure and real economic activity. The launch of Techo International Airport in September 2025 has redirected Phnom Penh’s expansion southward, while areas connected to Ring Road 3 and the new airport have seen land values rise sharply over the past decade. The industrial and logistics sector is also performing strongly, supported by regional supply-chain diversification. Meanwhile, the deferred 20% capital gains tax on immovable property until 1 January 2027 gives sellers a clear window to transact under the current tax regime. Outlook Cambodia’s property market is unlikely to see a broad-based surge in the near term. Instead, growth is expected to be gradual, disciplined and highly segmented. Affordable and mid-range properties in infrastructure-linked areas should outperform, while oversupplied luxury condos may remain challenging. For patient investors, 2026 presents a value-oriented entry window, especially in landed housing and growth-corridor land. Download to see insights from other country marketsDownload

Cambodia’s real estate market is gradually entering a more sustainable growth phase in mid-2026, supported by improving buyer confidence, infrastructure expansion, and stronger end-user demand. While the market remains selective, affordable housing and strategic land continue to attract the greatest interest from both local and regional investors. Economic growth is expected to remain stable at around 4.2% to 4.5%, supported by major infrastructure projects including the New Techo International Airport, Ring Road 3, and expanding urban transport networks. These developments continue to strengthen long-term confidence in Cambodia’s property market and improve connectivity across key growth corridors. The strongest-performing segment remains Borey landed housing, driven by middle-class demand, flexible payment plans, and improving financing access. Meanwhile, the condominium market is gradually stabilising as rental demand improves, although oversupply continues to affect selected locations. Investors are increasingly focusing on projects with strong fundamentals rather than speculative opportunities. Infrastructure-linked land remains another key growth area. Locations along the New Airport Corridor, as well as emerging districts in southern and western Phnom Penh, continue to attract attention. Areas such as Chroy Changvar, Sen Sok, Kamboul, Diamond Island, and Olympia City are benefiting from infrastructure investment and urban expansion. Buyer behaviour is also evolving. Today's purchasers are becoming more data-driven and selective, prioritising strong developers, Hard Title properties, infrastructure connectivity, and long-term value potential over short-term speculation. This shift is helping create a healthier and more sustainable market environment. Outlook Cambodia's property market is expected to strengthen gradually through the second half of 2026. Affordable housing, infrastructure-led developments, and long-term land investments are likely to remain the strongest opportunities. While condominium recovery may continue at a slower pace and remain location-dependent, the broader market is benefiting from improving fundamentals, growing infrastructure investment, and rising confidence among long-term investors. Download to see insights from other country marketsDownload

Cambodia’s real estate market is showing signs of gradual recovery in early 2026, with demand shifting away from speculative trading and moving toward real buyers, landed homes and infrastructure-linked locations. Landed Homes Lead the Recovery The borey, or landed property segment, remains the most active part of the market. Demand is supported by Cambodia’s growing middle class, better financing options and stronger buyer confidence. At the same time, condominiums are recovering more slowly due to oversupply in selected districts. However, rental demand from expats and professionals continues to support the segment. Growth Corridors Gain Investor Attention Infrastructure is becoming a major driver of property value. Areas linked to Ring Road 3, the New Airport Corridor, Chroy Changvar, Sen Sok and Kamboul are attracting more attention from buyers looking for long-term growth. Land in growth corridors has also seen strong appreciation, rising from around US$10 to US$20 per sqm in 2016 to US$100 to US$200 per sqm in 2026. Buyers Are Becoming More Careful Cambodian buyers and investors are becoming more data-driven. Instead of chasing short-term gains, they are now focusing on hard titles, infrastructure access, rental yield and long-term fundamentals. This marks a healthier shift for the market. Outlook Cambodia’s property market is expected to strengthen over the next 6 to 12 months, led mainly by landed homes and land in growth corridors. Condos may take longer to recover due to existing stock, but urban expansion toward the south and west will continue to shape new investment opportunities. For long-term investors, 2026 looks like a strategic buying window, especially for land and infrastructure-led locations. Download to see insights from other country marketsDownload