Condos for Sale in Phnom Penh | Luxury & Affordable Listings
Phnom Penh, Cambodia’s vibrant capital, is experiencing a real estate boom, making it a prime destination for property investors and homebuyers alike. Whether you’re searching for a luxury condo with panoramic river views or an affordable apartment in a central location, Phnom Penh offers diverse options to suit every budget and lifestyle.
Why Invest in a Condo in Phnom Penh?
The Phnom Penh condominium market has witnessed rapid growth due to factors such as strong economic development, increasing foreign investments, and a rising demand for modern housing. Here’s why buying a condo in Phnom Penh is a smart choice:
High Rental Yields – The city’s expat community and growing middle class drive demand for rental properties, ensuring steady income for investors.
Affordable Prices Compared to Other Asian Cities – Compared to Bangkok or Ho Chi Minh City, Phnom Penh’s property prices remain relatively low, offering great value for money.
Ownership Opportunities for Foreigners – Foreign buyers can legally own condos in Cambodia under the strata-title system, making property investment straightforward.
Booming Infrastructure & Development – The city’s rapid modernization, including new roads, malls, and public transport projects, is boosting property values.
Best Locations for Buying a Condo in Phnom Penh
When purchasing a condo in Phnom Penh, location is key. Here are some of the most sought-after districts:
1. BKK1 – The Expat and Business Hub
BKK1 (Boeung Keng Kang 1) is one of the most prestigious neighborhoods in Phnom Penh, popular among expats, diplomats, and business professionals. It offers luxury condos, high-end restaurants, and easy access to international schools and embassies.
2. Tonle Bassac – Riverside Living & High-End Developments
Located along the riverfront, Tonle Bassac is home to Phnom Penh’s most exclusive condo developments. This district offers a mix of modern high-rises and gated communities, with access to Aeon Mall, NagaWorld, and lively nightlife spots.
3. Toul Kork – A Family-Friendly Residential Area
Toul Kork has gained popularity for its peaceful environment, spacious condos, and proximity to schools and shopping centers. It’s an excellent choice for families looking for a more suburban feel while staying close to the city center.
4. Chamkarmon – The Heart of the City
Chamkarmon is ideal for those who want to live in the midst of Phnom Penh’s vibrant culture, restaurants, and entertainment hubs. With a mix of affordable and luxury condos, this district offers plenty of choices for both investors and homebuyers.
5. Chroy Changvar – Up-and-Coming Investment Hotspot
If you’re looking for affordable condos with high investment potential, Chroy Changvar is a great option. Located just across the river, this area is witnessing rapid development, making it a promising location for future appreciation.
Price Range for Condos in Phnom Penh
The price of condos in Phnom Penh varies based on location, size, and amenities. Here’s a general breakdown:
Luxury Condos (BKK1, Tonle Bassac) – $2,500 to $4,500 per square meter
Mid-Range Condos (Toul Kork, Chamkarmon) – $1,500 to $2,500 per square meter
Affordable Condos (Chroy Changvar, Suburban Areas) – $800 to $1,500 per square meter
Tips for Buying a Condo in Phnom Penh
Before making a purchase, consider these essential tips:
Work with a Trusted Real Estate Agent – A knowledgeable agent can help you navigate the market and negotiate the best deal.
Check the Developer’s Reputation – Research the track record of the property developer to ensure quality and reliability.
Understand Legal Requirements – Foreign buyers should verify that the condo has strata-title ownership to secure full legal rights.
Evaluate the Amenities & Facilities – Consider features like security, parking, swimming pools, and fitness centers when selecting a condo.
Assess Potential Rental Returns – If investing, choose a location with high demand for rentals to maximize your return on investment.
Find Your Dream Condo in Phnom Penh
Whether you’re a first-time homebuyer, an investor looking for high rental yields, or someone seeking a modern lifestyle in Cambodia’s dynamic capital, Phnom Penh’s condo market has something for everyone. With a wide range of properties available, now is the perfect time to explore your options and secure a great investment.
Looking for condos for sale in Phnom Penh? Contact us today for expert advice and access to the best property listings!
Can I rent my apartment after buying it?
Yes, once you’ve purchased an apartment in Phnom Penh, you can rent it out. Many investors buy apartments to generate rental income, particularly in popular areas for expats and tourists.
How long does the property buying process take in Phnom Penh?
The buying process typically takes around 1 to 2 months, depending on the complexity of the purchase and the property type. This includes legal checks, contract signing, and any necessary paperwork. Working with an experienced real estate agent can help expedite the process.
What amenities are typically included in Phnom Penh apartments?
Many luxury apartments in Phnom Penh come with modern amenities such as swimming pools, fitness centers, 24/7 security, parking, and concierge services. Affordable apartments may include essential features like basic kitchen setups, air-conditioning, and security.
Where are the best areas to buy apartments in Phnom Penh?
Some of the most sought-after areas to buy apartments in Phnom Penh include:
- BKK1 (Boeung Keng Kang 1) – known for its central location, international community, and proximity to cafes, restaurants, and shops.
- Russian Market – a vibrant area with a mix of traditional and modern living.
- Khan Chbar Ampov – an emerging neighborhood with affordable housing options and future growth potential.
What is the average price of apartments in Phnom Penh?
The price of apartments in Phnom Penh varies based on location, size, and amenities. On average, prices for 1-bedroom apartments range from $50,000 to $150,000, while luxury condos can go upwards of $200,000 depending on their size and location.
What types of apartments are available in Phnom Penh?
Phnom Penh offers a variety of apartment types including affordable flats, luxury condos, and modern apartments. You can find properties suited to all budgets and preferences, from budget-friendly homes to high-end living spaces with premium amenities.
Can foreigners buy apartments in Phnom Penh?
Yes, foreigners can buy apartments in Phnom Penh.
What are the legal requirements for foreigners buying property in Phnom Penh?
While foreigners can buy property in Phnom Penh, there are some legal requirements to consider. Foreigners are not allowed to own land outright, but they can own strata-titled properties, such as condominium units. Our experienced agents can guide you through the process and help you navigate any legal requirements.
How can I find affordable housing options in Phnom Penh?
We specialize in helping clients find affordable housing options in Phnom Penh. Whether you’re looking for a budget-friendly apartment or a cozy landed house, we can help you find the perfect property that fits your budget and preferences.
What are the benefits of investing in real estate in Phnom Penh?
Investing in real estate in Phnom Penh offers several benefits, including high potential for capital appreciation, steady rental income, and favorable investment regulations for foreigners. With its growing economy and vibrant real estate market, Phnom Penh is an attractive destination for investors.
How is the real estate market in Phnom Penh performing?
The real estate market in Phnom Penh is experiencing significant growth, driven by the city’s booming economy and increasing tourism. With a steady influx of foreign investors, there’s never been a better time to invest in Phnom Penh’s real estate market.
What are the most popular residential areas in Phnom Penh?
Some of the most popular residential areas in Phnom Penh include BKK1, Tonle Bassac, Toul Kork, and Boeung Keng Kang (BKK). These areas offer a wide range of housing options, from luxurious condominiums to affordable apartments.
What types of properties are available for sale in Phnom Penh?
In Phnom Penh, you can find a variety of properties for sale, including condominiums, apartments, landed houses, villas, and commercial spaces. Whether you’re looking for a cozy apartment or a spacious villa, there’s something for everyone in Phnom Penh.
What are the main attractions in Phnom Penh?
Phnom Penh is home to several attractions, including the Royal Palace, Wat Phnom, the National Museum, and the vibrant Riverside area. Visitors can also explore the city’s bustling markets, delicious street food, and vibrant nightlife.
What makes Phnom Penh a popular destination for real estate investment?
Phnom Penh is experiencing rapid economic growth, making it an attractive destination for real estate investment. With its booming tourism industry and increasing commercial activities, the demand for residential and commercial properties is on the rise.