Cambodia is on the verge of a transformative infrastructure milestone with the Techo International Airport (TIA), a $1.339 billion project that is now 92% complete as of December 2024. Slated for a grand opening in July 2025, TIA is set to redefine Cambodia’s aviation landscape and create significant opportunities for economic and real estate growth. Located just 19 kilometers south of Phnom Penh in Kandal province, the airport spans an impressive 2,600 hectares and is being developed in a phased approach to meet the country’s long-term aviation needs.
Development Phases of Techo International Airport
The construction of TIA is being carried out in three distinct stages, each designed to progressively enhance its capacity and functionality:
Initial Phase (2025)
The first phase will feature a 4-kilometer runway capable of handling Code 4F aircraft, with an annual passenger capacity of 15 million. This phase will establish TIA as a modern, world-class airport ready to serve as Cambodia’s primary international gateway.
Expansion Phase (2040)
By 2040, the airport’s capacity will double to 30 million passengers annually. This phase will focus on improving operational efficiency and connectivity, ensuring TIA can accommodate the growing demand for air travel.
Final Phase (2050)
The ultimate phase will see TIA reach its full potential, with a capacity of 45 million passengers per year. Once completed, the airport will position Cambodia as a key aviation hub in the region, rivaling other major international airports.
Upon its completion, TIA will replace Phnom Penh International Airport (PNH) as the country’s main entry point for international travelers, marking a new chapter in Cambodia’s aviation history.
Real Estate Opportunities Around TIA
The development of TIA is expected to have a profound impact on Cambodia’s real estate market, particularly in Kandal province and the southern areas of Phnom Penh. Key locations such as Takhmao, Sa’ang, and Kien Svay are likely to see significant property value appreciation as the airport becomes operational.
Key Drivers of Real Estate Growth
Several factors are driving this anticipated growth:
- Increased demand for residential and commercial properties near the airport.
- Rising investments in infrastructure, including highways, rail networks, and commercial hubs.
- Enhanced connectivity that will benefit logistics and industrial zones.
Real estate developers are already securing land in the region, anticipating the economic ripple effects of TIA. With Kandal province offering more affordable property options compared to Phnom Penh, it is becoming a focal point for investors seeking long-term growth opportunities.
Boosting Logistics and Tourism
Beyond passenger services, TIA is expected to play a pivotal role in Cambodia’s logistics and air cargo industry.
Logistics Growth
The development of freight-handling facilities, warehouses, and e-commerce fulfillment centers will create demand for commercial properties such as industrial parks, factories, and office spaces.
Tourism Recovery
Tourism, a cornerstone of Cambodia’s economy, is also set to benefit from TIA’s opening. In 2019, the country welcomed 6.61 million international visitors, with 3.71 million arriving by air. Despite the pandemic’s impact, tourism has rebounded strongly, with 5.43 million arrivals recorded in 2023—a 139.5% increase from the previous year. TIA’s launch is expected to further accelerate this recovery, driving demand for hospitality-related real estate, including hotels, resorts, serviced apartments, and short-term rental accommodations.
Supporting Infrastructure Projects
To ensure seamless connectivity, the Cambodian government is investing in a range of infrastructure projects that complement TIA’s operations.
Key Projects Include:
- New expressways linking TIA to Phnom Penh and other key regions.
- Railway extensions to enhance passenger and cargo transport.
- Smart city initiatives aimed at promoting sustainable urban development near the airport.
One notable project is the Kbal Thnal Sky Bridge, a $36 million overpass connecting Samdech Techo Hun Sen Blvd and Monivong Blvd. Expected to be completed in 2025, this two-tier flyover will alleviate traffic congestion and improve access to the new airport.
A Growing Aviation Sector
Cambodia’s aviation industry is expanding rapidly, with new international routes being introduced. For instance, Siem Reap-Angkor International Airport (SAI), which opened in late 2023, will soon welcome direct flights from India’s IndiGo Airlines, operating three times weekly between Kolkata and Siem Reap. Additionally, Cambodia Angkor Air has expanded its operations, further strengthening the country’s regional connectivity.
What This Means for Investors
The completion of TIA represents a transformative opportunity for Cambodia’s real estate market.
Key Trends to Watch:
- Significant appreciation of land and property values in Kandal province.
- The emergence of commercial and industrial zones as prime investment areas.
- Growing demand for tourism-driven real estate, such as hotels and serviced apartments.
- Improved accessibility through infrastructure projects, driving urban expansion.
For investors, developers, and homebuyers, the areas surrounding TIA offer a wealth of opportunities. As Cambodia continues to establish itself as a regional economic powerhouse, the real estate sector is poised to benefit significantly from this transformation.
Contact Us:
For more information on property opportunities near Techo International Airport, contact our experts at 📞 015 537 577 or 📧 sales@luxrealty.asia.
