The best cities in Cambodia for real estate investment, particularly in the condominium market, are Phnom Penh, Siem Reap, and Sihanoukville. Each city offers unique advantages and opportunities for investors.
1. Phnom Penh
As the capital city, Phnom Penh is the economic and cultural heart of Cambodia. It has experienced significant growth in real estate, particularly in the condominium sector, due to a rising middle class and increased foreign investment.
Market Insights:
The city is home to a diverse population, including locals and expatriates, creating a strong demand for rental properties. Popular residential areas include Boeung Keng Kang (BKK), Chamkarmon, and Tonle Bassac, which offer convenient access to amenities and commercial centers.
Average Prices:
Condominium prices vary based on location and quality:
- Studio units: Approximately $80,000
- 1-bedroom units: Approximately $110,000
- 2-bedroom units: Approximately $160,000
- 3-bedroom units: Approximately $290,000
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2. Siem Reap
Known for its proximity to the Angkor Wat temple complex, Siem Reap attracts millions of tourists annually, making it a prime location for real estate investment.
Market Insights:
The city has a mix of residential properties, including villas and condominiums, catering to both locals and tourists. The influx of visitors ensures a steady demand for rental properties, particularly in the hospitality sector.
Investment Potential
With a vibrant tourism industry and a growing expatriate community, Siem Reap presents opportunities for both short-term and long-term rental investments.
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3. Sihanoukville
Sihanoukville, a coastal city, is rapidly developing as a tourist destination and commercial hub, especially following the opening of new infrastructure, including expressways.
Market Insights:
Market Insights: The city is famous for its beaches and islands, making it attractive for holiday homes and resorts. The real estate market here is expanding, with many new developments catering to both local and international buyers.
Average Prices:
Condominium prices in Sihanoukville are also competitive:
- 1-bedroom units: Approximately $75,000
- 2-bedroom units: Approximately $165,000
- 3-bedroom units: Approximately $260,000
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Conclusion
Investing in real estate in Cambodia, particularly in these three cities, offers promising opportunities due to their growing economies, increasing rental yields, and vibrant tourism sectors. Each city has its unique characteristics that cater to different investor needs, making them worthwhile considerations for real estate investment in the region.
