Residential Real Estate - Cambodia

  • Cambodia
  • The Residential Real Estate market market in Cambodia is anticipated to achieve a value of US$0.56tn by the year 2024.
  • It is projected to exhibit a compound annual growth rate (CAGR) of 3.03% between 2024 and 2029, leading to a market volume of US$0.65tn by 2029.
  • When compared globally, China is expected to generate the highest value in the Real Estate sector, amounting to US$112.9tn in 2024.
  • Cambodia's residential real estate market is experiencing a surge in demand due to increased foreign investment and a growing tourism industry.

Key regions: Europe, Brazil, France, Asia, United States

Region comparison

Analyst Opinion

The Residential Real Estate market in Cambodia has been experiencing significant growth and development in recent years.

Customer preferences:
Cambodian customers have shown a strong preference for residential properties, particularly in urban areas. The demand for housing in cities such as Phnom Penh and Siem Reap has been driven by a growing middle class and an influx of foreign investors. Customers are looking for modern and well-designed properties that offer amenities such as swimming pools, gyms, and security systems. Additionally, there is a growing interest in eco-friendly and sustainable housing options.

Trends in the market:
One of the key trends in the Cambodian residential real estate market is the construction of high-rise buildings. Developers are capitalizing on the limited land availability in urban areas by building vertically. These high-rise buildings offer a large number of residential units, catering to the increasing demand for housing. Another trend is the development of mixed-use properties, which combine residential, commercial, and retail spaces in a single complex. This trend is driven by the desire for convenience and the need for integrated living and working spaces.

Local special circumstances:
Cambodia's real estate market has been influenced by several local factors. The country has experienced rapid urbanization, with a significant number of people moving from rural areas to cities. This has created a demand for housing in urban areas, leading to the development of residential properties. Additionally, Cambodia has seen a rise in foreign investment, particularly from China. Chinese investors have been attracted to the Cambodian real estate market due to its potential for high returns and favorable investment policies.

Underlying macroeconomic factors:
Several macroeconomic factors have contributed to the growth of the residential real estate market in Cambodia. The country's strong economic growth has resulted in increased disposable income and improved living standards, leading to higher demand for housing. Additionally, low interest rates and favorable government policies, such as tax incentives for developers, have encouraged investment in the real estate sector. The government's focus on infrastructure development, such as the expansion of road networks and the improvement of public transportation, has also made urban areas more attractive for residential investment. Furthermore, Cambodia's strategic location within Southeast Asia has made it an appealing destination for foreign investors, further boosting the residential real estate market.


Data coverage:

Figures are based on total and average value of residential real estate, residential estate transactions and leases.

Modeling approach:

Market size is determined by a combined top-down and bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.


We use a variety of forecasting techniques, depending on the behavior of the market, for instance, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.

Additional Notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.


  • Value
  • Volume
  • Analyst Opinion
  • Transaction Value
  • Revenue
  • Household Type
  • Living Space
  • Methodology
  • Key Market Indicators
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