According to the latest report from the Cambodian Property Valuers and Agents Association (CVEA), the Phnom Penh land market is showing signs of a healthy correction in the first half of 2025. After a period of increased activity and fluctuations, land prices in the Cambodian capital have stabilized at $1,790 per square meter. This stabilization indicates a transition to a more mature market phase, where pricing is becoming more predictable and based on fundamental factors of supply and demand.
This correction is likely a positive signal, reflecting the achievement of market equilibrium. This creates a more reliable foundation for continued sustainable growth rather than speculative surges. To provide a deeper understanding of the current situation, this article includes a detailed analysis of land prices in various districts of Phnom Penh, prepared by Sangkat. This research is valuable in identifying regional trends and characteristics that may influence the investment decisions of potential buyers and investors. An important factor to consider when analyzing the real estate market is the significant variability in land prices depending on location, infrastructure development, and the availability of local amenities. These differences highlight the importance of considering the specifics of specific areas when evaluating land investments or urban development planning.
How was the price data collected?
CVEA released a report analyzing land prices in all districts of Phnom Penh. The data was collected in the first half of 2024 and reflects updated average land values for each district.
The data collection methodology included a mass valuation based on a questionnaire survey of a selected sample. The responses received were carefully analyzed and summarized by experienced professionals, including executives of leading real estate valuation firms and members of the Valuation Committee of the Cambodian Valuers and Estate Agents Association (CVEA).
Key findings:
The most expensive districts: Daun Penh, Boeng Keng Kang, and 7 Makara, retained their leading positions in land prices. Prices in these areas range from $3,500 to $6,500 per square meter.
Most affordable areas: Dangkor, Prek Pnow, and Kambul districts recorded the lowest land prices. The average price here remains between $210 and $660 per square meter, with no significant changes.
CVEA Evaluation Committee Chair and Executive Vice President Sopheak Seng noted: "This trend demonstrates a desire for stability and early signs of future improvement in a number of areas. The market remains dynamic, influenced by both macroeconomic conditions and urban development trends."
1. Khan Daun Penh
Khan Daun Penh, consisting of 11 subdistricts (sangat), including Boing Raing, Chey Chumneas, Chaktomuk, Psar Chas, Psar Kandal (1, 2), Psar Thmey (1, 2, 3), Sara Chak, and Wat Phnom, is one of the most expensive areas of the city. Below is a detailed breakdown of the estimated land price ranges by sub-district (sangat) within Khan Daung Penh.
This correction is likely a positive signal, reflecting the achievement of market equilibrium. This creates a more reliable foundation for continued sustainable growth rather than speculative surges. To provide a deeper understanding of the current situation, this article includes a detailed analysis of land prices in various districts of Phnom Penh, prepared by Sangkat. This research is valuable in identifying regional trends and characteristics that may influence the investment decisions of potential buyers and investors. An important factor to consider when analyzing the real estate market is the significant variability in land prices depending on location, infrastructure development, and the availability of local amenities. These differences highlight the importance of considering the specifics of specific areas when evaluating land investments or urban development planning.
How was the price data collected?
CVEA released a report analyzing land prices in all districts of Phnom Penh. The data was collected in the first half of 2024 and reflects updated average land values for each district.
The data collection methodology included a mass valuation based on a questionnaire survey of a selected sample. The responses received were carefully analyzed and summarized by experienced professionals, including executives of leading real estate valuation firms and members of the Valuation Committee of the Cambodian Valuers and Estate Agents Association (CVEA).
Key findings:
The most expensive districts: Daun Penh, Boeng Keng Kang, and 7 Makara, retained their leading positions in land prices. Prices in these areas range from $3,500 to $6,500 per square meter.
Most affordable areas: Dangkor, Prek Pnow, and Kambul districts recorded the lowest land prices. The average price here remains between $210 and $660 per square meter, with no significant changes.
CVEA Evaluation Committee Chair and Executive Vice President Sopheak Seng noted: "This trend demonstrates a desire for stability and early signs of future improvement in a number of areas. The market remains dynamic, influenced by both macroeconomic conditions and urban development trends."
1. Khan Daun Penh
Khan Daun Penh, consisting of 11 subdistricts (sangat), including Boing Raing, Chey Chumneas, Chaktomuk, Psar Chas, Psar Kandal (1, 2), Psar Thmey (1, 2, 3), Sara Chak, and Wat Phnom, is one of the most expensive areas of the city. Below is a detailed breakdown of the estimated land price ranges by sub-district (sangat) within Khan Daung Penh.
2. Boeung Keng Kan (BKK)
Boeung Keng Kan, or BKK, is one of the city's key administrative divisions, divided into seven sub-districts (Sangkat). These sub-districts are named Boeung Keng Kan 1 (BKK1), Boeung Keng Kan 2 (BKK2), and Boeung Keng Kan 3 (BKK3), as well as Olympic, Tumnup Teuk, Tul Svay Prey 1, and Tul Svay Prey 2. This administrative division highlights the scale and complexity of governance in this district.
3. Makara
Khan 7 Makara, another administrative district, includes eight sub-districts (Sangkat). Among them are Boeung Prolit, Monorom, and Mithaphip, as well as four sub-districts collectively known as Oresey (1, 2, 3, and 4), and Veal Wong. The variety of subdistrict names in the 7 Makara may indicate different histories of their formation or the presence of unique characteristics.
4. Chamkarmorn
Chamkarmorn District consists of five subdistricts (Sangkat): Boung Trabaek, Psar Doeum Thokow, Tonle Bassak, Tul Tumpung 1 (TTP1), and Tul Tumpung 2 (TTP2). Subdistrict names, such as "Psar" (market) or "Tul Tumpung," may hint at their commercial or cultural character, making Chamkarmorn an important center of urban life.
5. Tul Kork (TK)
Han Tul Kork, also known as TK, is a sprawling district consisting of ten subdistricts (Sangkat). It consists of Boung Kak 1, Boung Kak 2, Boung Salang, Psar Derm Kor, as well as three subdistricts named Psar Depo (1, 2, 3), and three subdistricts named Teuk Laok (1, 2, 3). This large number of subdistricts indicates the significant territory and population of the Tul Kork district.
6. Evil Chey
Khan Min Chey consists of four subdistricts (Sangkat), including: Stueng Meanchey, Boing Tumpon, Chak Angre Leu, and Chak Angre Krom.
7. Rassi Kaew
Khan Russi Kaew consists of seven subdistricts (Sangkat), including: Russi Kaew, Tul Sangke 1, Tul Sangke 2, Kilometer 6, Chrang Chamres 1, Chrang Chamres 2, and Svay Pak.
8. Sen Sok
Khan Sen Sok consists of six subdistricts (Sangkat), including Phnom Penh Thmey, Teuk Tla, Khmuon, Krang Thnong, Ou Pek Kam, and Kuk Khlean.
9. Khroi Changwar
Khan Chroi Changwar consists of five subdistricts (Sangkat), including Chroi Changwar, Prek Tasek, Prek Lip, Ko Dach, and Bak Kheng.
10. Chbar Ampov
Khan Chbar Ampov consists of eight subdistricts (Sangkat), including Prek Thmey, Prek Kho, Nirot, Chbar Ampov 1, Chbar Ampov 2, Kbal Koh, Prek Eng, and Veal Sbov.
11. Prek Pnow
Khan Prek Pnow consists of 5 subdistricts (Sangkat), including: Ponhea Pon, Prek Pnow, Samrong, Kork Rokar, and Pon Saing.
12. Por Senchey
Khan Por Senchey consists of 7 subdistricts (Sangkat), including: Kakap (1, 2), Trapeang Krasaing, Samrong Krom, and Cham Chao (1, 2, 3).
13. Dangkor
Khan Dangkor consists of 12 subdistricts (Sangkat), including: Porng Teuk, Prey Veng, Prey Sor, Dangkor, Kraing Pongro, Sak Sampow, Cheng Ek, Prek Kampeus, Spin Tmor, Tin, Rolous, and Kong Noi.
14. Kambul
Last but not least, Khan Kambul consists of seven sub-districts (Sangkat), including Kambul, Kantaok, Owlak, Snake, Plueng Chhe Roteh, Boeung Tum, and Prataslang.
The stable average price of US$1,790 per sq. m. indicates maturity and normalization of the market, making it an opportune time for investors, developers, and buyers to reassess their strategies. A full price breakdown by Sangkat reveals where growth potential is highest and which areas offer more affordable land options.
Overall, the Phnom Penh land market adjustment in the first half of 2025 lays the foundation for sustainable growth and provides market participants with a clearer, data-backed roadmap for successfully managing the city's future development and achieving long-term, calculated returns. The stable average price of US$1,790 per sq. m. m indicates market maturity and normalization, making it an opportune time for investors, developers, and buyers to reassess their strategies. A full price breakdown reveals where growth potential is highest and which areas offer more affordable land options, allowing for more informed investment decisions.
Boeung Keng Kan, or BKK, is one of the city's key administrative divisions, divided into seven sub-districts (Sangkat). These sub-districts are named Boeung Keng Kan 1 (BKK1), Boeung Keng Kan 2 (BKK2), and Boeung Keng Kan 3 (BKK3), as well as Olympic, Tumnup Teuk, Tul Svay Prey 1, and Tul Svay Prey 2. This administrative division highlights the scale and complexity of governance in this district.
3. Makara
Khan 7 Makara, another administrative district, includes eight sub-districts (Sangkat). Among them are Boeung Prolit, Monorom, and Mithaphip, as well as four sub-districts collectively known as Oresey (1, 2, 3, and 4), and Veal Wong. The variety of subdistrict names in the 7 Makara may indicate different histories of their formation or the presence of unique characteristics.
4. Chamkarmorn
Chamkarmorn District consists of five subdistricts (Sangkat): Boung Trabaek, Psar Doeum Thokow, Tonle Bassak, Tul Tumpung 1 (TTP1), and Tul Tumpung 2 (TTP2). Subdistrict names, such as "Psar" (market) or "Tul Tumpung," may hint at their commercial or cultural character, making Chamkarmorn an important center of urban life.
5. Tul Kork (TK)
Han Tul Kork, also known as TK, is a sprawling district consisting of ten subdistricts (Sangkat). It consists of Boung Kak 1, Boung Kak 2, Boung Salang, Psar Derm Kor, as well as three subdistricts named Psar Depo (1, 2, 3), and three subdistricts named Teuk Laok (1, 2, 3). This large number of subdistricts indicates the significant territory and population of the Tul Kork district.
6. Evil Chey
Khan Min Chey consists of four subdistricts (Sangkat), including: Stueng Meanchey, Boing Tumpon, Chak Angre Leu, and Chak Angre Krom.
7. Rassi Kaew
Khan Russi Kaew consists of seven subdistricts (Sangkat), including: Russi Kaew, Tul Sangke 1, Tul Sangke 2, Kilometer 6, Chrang Chamres 1, Chrang Chamres 2, and Svay Pak.
8. Sen Sok
Khan Sen Sok consists of six subdistricts (Sangkat), including Phnom Penh Thmey, Teuk Tla, Khmuon, Krang Thnong, Ou Pek Kam, and Kuk Khlean.
9. Khroi Changwar
Khan Chroi Changwar consists of five subdistricts (Sangkat), including Chroi Changwar, Prek Tasek, Prek Lip, Ko Dach, and Bak Kheng.
10. Chbar Ampov
Khan Chbar Ampov consists of eight subdistricts (Sangkat), including Prek Thmey, Prek Kho, Nirot, Chbar Ampov 1, Chbar Ampov 2, Kbal Koh, Prek Eng, and Veal Sbov.
11. Prek Pnow
Khan Prek Pnow consists of 5 subdistricts (Sangkat), including: Ponhea Pon, Prek Pnow, Samrong, Kork Rokar, and Pon Saing.
12. Por Senchey
Khan Por Senchey consists of 7 subdistricts (Sangkat), including: Kakap (1, 2), Trapeang Krasaing, Samrong Krom, and Cham Chao (1, 2, 3).
13. Dangkor
Khan Dangkor consists of 12 subdistricts (Sangkat), including: Porng Teuk, Prey Veng, Prey Sor, Dangkor, Kraing Pongro, Sak Sampow, Cheng Ek, Prek Kampeus, Spin Tmor, Tin, Rolous, and Kong Noi.
14. Kambul
Last but not least, Khan Kambul consists of seven sub-districts (Sangkat), including Kambul, Kantaok, Owlak, Snake, Plueng Chhe Roteh, Boeung Tum, and Prataslang.
The stable average price of US$1,790 per sq. m. indicates maturity and normalization of the market, making it an opportune time for investors, developers, and buyers to reassess their strategies. A full price breakdown by Sangkat reveals where growth potential is highest and which areas offer more affordable land options.
Overall, the Phnom Penh land market adjustment in the first half of 2025 lays the foundation for sustainable growth and provides market participants with a clearer, data-backed roadmap for successfully managing the city's future development and achieving long-term, calculated returns. The stable average price of US$1,790 per sq. m. m indicates market maturity and normalization, making it an opportune time for investors, developers, and buyers to reassess their strategies. A full price breakdown reveals where growth potential is highest and which areas offer more affordable land options, allowing for more informed investment decisions.