Take a look through our listings of properties in Phnom Penh. We have commercial, residential, apartments, condos and more. Lux Realty has carefully collected this listings to showcase the range of real estate in Phnom Penh.
This expanding city is a hive of activity, whose real estate market is quickly becoming the talk of the Southeast Region.
Dubbed as the “Pearl of Southeast Asia”, the city has benefitted from years of economic growth and now a significant construction boom since 2011.
The decade of growth has resulted in many new hotels, bars, restaurants and high rise commercial and residential properties appearing all around the city.
Luckily for foreigners looking at renting an apartment in Phnom Penh or renting office space away from too much hustle and bustle, the distribution of high rises is not just concentrated in a specific downtown commercial area.
The city now boasts many popular areas for foreigners. Depending on your tolerance for work travel or school pickup’s, or for people who need neither, each area of town has characteristics that will appeal.
Phnom Penh’s economy is primarily driven by commercial output such as trading, garments and a plethora of small to medium-size businesses (SME’s).
The last decade has seen the emergence of a highly competitive and burgeoning real estate market. Prices have risen, but so has supply during the same time, and a more diverse range of availability has emerged.
No longer are there just villas for sale or villas for rent in Phnom Penh. You now can take advantage of shopfronts for rent and houses or villas to rent and buy.
For example, the commercial market now boasts hotels for sale, plus offices for sale and rent and now land investment options throughout Cambodia.
The economy in the city is comprised mainly of commercial interests such as garments, trading, and small to medium businesses. The property business is also booming with rapidly increasing real estate prices.
The city greatly profits from tourism. Not only is this a historical city for many reasons, but it is also now on the road to offering world-class commercial and shopping centres, with some opened and others under construction.
With the cities infrastructure undergoing significant improvements in recent years, the allure of living in the capital for business and family purposes has never been stronger.
Despite the influx of foreign investment and tourism, the capitalist effect has not taken over local culture like seen in neighbouring countries.
Although urban areas are becoming concentrated and the city skyline dotted with new commercial and residential high-rises and increasing traffic, the culture in Phnom Penh still shines through.
Throughout the city, you will find French-colonial villas nearby Buddhist temples in the backdrop of New Modern Age Architecture in every corner.
Having watched these developments, they proved that the old Phnom Penh could be merged with the new, and tradition does not need to be moved on and disregarded in modern society.
Sisowath Quay is located on the Tonle Sap river and boats the most popular area for tourists and residents alike. The whole riverfront is covered with restaurants covering global cuisines from budget to fine dining, plentiful nightlife, cheap to 5-star hotels, travel agents, banks and ATM’s.
Along the riverfront and scattered throughout the city are the famous markets that cater to tourists and are ideal if you are new and moving to the city, such as the Russian Market, Night Market on the riverfront, and Central Market.
Phnom Penh has seen several shopping malls open in recent years. Here are some examples:
With Aeon 3 already under construction, there is plenty to see and do in the malls; they have everything from restaurants to Cinema’s inside.
The city itself and the malls now boast many international brands such as:
Plus, many more are due to arrive.
Potential residents will find a wide range of international banks and international schools in every district in Phnom Penh.
For those with children of school age, there are top-quality international schools represented by multiple nations throughout the city.
Although Phnom Penh is by far the most urbanised of the cities in Cambodia, it is still rich with historic buildings and places.
A visit to the Royal Palace is a must with its Silver Pagoda. Wat Phnom is also steeped in history.
Next to the Royal Palace is The National Museum which is not to be missed showcasing over 14,000 items is the most extensive collection of Khmer artefacts in the country.
Alternatively, for a look at the darker side of Khmer history, you can visit the Toul Sleng Museum showcasing the era of the Khmer Rouge, along with the Choeung Ek Killing fields.
With 14 districts to choose from in Phnom Penh, the capital has a selection of apartments for rent and sale that cover every individual, family or businessperson’s budget and taste.
Each of the capital’s districts and communes has unique features, character and charm.
We will find the best Phnom Penh property for rent or sale, from high-rise modern condo buildings appearing all over the city to a range of small to large serviced apartments in beautifully renovated colonial-style buildings.
Let’s take a look at a few of the most popular areas for real estate in Phnom Penh:
Generally referred to as BKK, this is the Chamkarmon residential area of Phnom Penh. The larger area of Boeng Keng Kang is divided into three sub-divisions:
Traditionally BKK1 is the more popular area for expats. If you are looking for Phnom Penh apartments, this area has plentiful options from mid-range to luxury.
The area has a vast selection of new condos and a variety of apartment styles to choose from.
Apartments in this area can range from studio’s up to 4-bedroom serviced apartments and penthouses with state-of-the-art facilities.
Due to its location near the ever-burgeoning CBD, BKK1 commands premium prices in the apartments for sale and rental market.
BKK1, BKK2 and BKK3 apartments and condos approximate prices range from:
Situated next to BKK1 on the other side of the famous Norodom Boulevard is Tonle Bassac.
It is a quieter location in comparison to BKK1 but has a range of fantastic apartment rentals. Tonle Bassac has many mid-range apartments and modern high-rise buildings to choose from that are serviced and non-serviced.
The location itself is popular with foreign residents for places like Bassac Lane that has an abundance of chic restaurants and bars with a vibrant night time scene.
There are several international schools in the area, and it boasts a large Aeon Mall.
Tonle Bassac apartments and condos approximate prices range from:
The historic part of town, home to Wat Phnom and the famous Royal Palace, the iconic riverside promenade offers bustling local and western culture.
There are numerous bars and restaurants with a popular night market; the area is full of life at night. If you need to be in the heart of the action, then Daun Penh is for you.
Here you will find a range of colonial apartment options from recently renovated buildings along with a variety of cheaper apartments for rent or sale in Phnom Penh.
Here you may find yourself living above a shophouse or a restaurant, as is the case in the area as there are fewer condos and modern apartment buildings than in other areas of the city.
Daun Penh apartments and condos approximate prices range from:
Known to residents as Russian Market, located in the Charmkarmon district, it has become increasingly popular with expats for being a cheaper location with just as much of a vibrant nightlife and eatery scene as Daun Penh.
Here you will find a diverse range of bars and eateries with a more hipster and cafe vibe.
The famous Russian Market acts as a focal point where many clothing, electrical, and souvenir shops are littered around.
Russian Market (Toul Tom Poung) apartments and condos approximate prices range from:
Whereas downtown, you will likely be looking to buy or rent an apartment or condo, the suburbs offer some spectacular houses and villas or houses for sale in Phnom Penh.
Naturally, you will be getting more space for your Dollar. However, the housing market is not as simple as the apartment or condo for rent or sale market.
In the last decade, many colonial-style houses and villas have made way for the new wave of condominiums and high-rise commercial buildings.
Certain areas carry very hefty rental fees as high as US$5000 per month. However, our experts at Lux will provide you with various options to help avoid the high inner-city prices.
As a rule-of-thumb, a detached house is usually around 800m2 and can be between two to four storey’s in height and can be found across many city districts. Usually, these plots will contain amenities such as your own garden and swimming pool.
In Toul Kork, the buildings can be in the range of 500-1500m2 plots and range anywhere between 4 to 8 bedrooms, sometimes more, and usually en-suite.
As a rule-of-thumb, many semi-detached houses are a minimum of 250m2 a can go up to three storeys.
These properties have become the choice for middle-class foreigners and Cambodians with families. These are typically gated communities and are commonly known as Borey developments.
These generally have facilities such as a communal swimming pool, a gymnasium, and possibly a playground and mini-mart. These developments are mainly situated in Toul Kork and Sen Sok. However, significant developments are now complete in Chroy Changvar.
These houses are generally in the 4 to 6-bedroom range, mainly en-suite.
These developments are a collection of mainly semi-detached townhouses.
The typical house consists of 4 bedrooms, en-suite bathrooms and comes with sizeable Western-style kitchens, furnished or un-furnished
The average price here is around US$1500 per month.
These developments are a collection of semi-detached properties in varying styles with townhouses and shopfronts.
Here a 4-bedroom house can cost just US$800 per month, which in the Phnom Penh real estate community is considered a bargain.
This development offers a range of houses for rent in Phnom Penh, similar to Borey Orkide Villa.
Properties are commonly 4 to 6 bedrooms that are rentable but mainly privately owned.
Depending on it being fully furnished or unfurnished, the price range can be between US$1500 – US$2000 per month.
In Borey’s, you will often find a selection of shophouses available to buy or rent.
These consist of the bottom floor being used for commercial or retail purposes. These can be a useful starting point for a couple or small family looking to run a small family business from their property.
In a Borey development, it is typical that the owner owns the shophouse, as in many instances in the city and on the riverside, each floor is usually rented separately.
Foreigners can buy and invest in property and land in Cambodia.
There are four classifications of ownership in the Kingdom.
Hard Title – Soft Title – LMAP (Land Management and Administration Project) Title and Strata Title.
Land Investment strategies are also available so, if you are a foreign investor, you need to fully understand the legalities and benefits of the different ownership options. So be sure to speak to your Lux expert to get fully informed.
Interested in a property?