Phnom Penh Land Prices in 2025: Where Are the Cheapest and Most Expensive Land Areas in Phnom Penh 2025?

Phnom Penh’s property market in early 2025 is entering a new era of stability and maturity, according to the Cambodian Valuers and Estate Agents Association (CVEA). The latest report shows that land prices have settled at an average of $1,790 per square meter, marking a balanced adjustment after several years of fluctuation. This trend suggests a more predictable investment climate for both local business owners and foreign investors, especially those planning to expand into property-related ventures or develop e-commerce offices, warehouses, or retail spaces in Cambodia’s capital.

The CVEA’s findings based on a mass appraisal method combining survey data, valuation firm assessments, and expert review reveal a detailed overview of land values across all 14 districts (Khans) of Phnom Penh. Leading the market are Daun Penh, Boeung Keng Kang, and 7 Makara, with land values ranging from $3,500 to $6,500 per square meter due to their prime locations and established commercial activities. Meanwhile, Dangkor, Prek Pnov, and Kamboul remain the most affordable zones, priced between $210 and $660 per square meter, offering strong opportunities for future growth and expansion.

According to Sopheak Seng, Executive Vice President of CVEA, the 2025 market reflects “a movement toward stability, with early signs of future improvement across several districts.” As Cambodia continues investing in infrastructure, digital transformation, and urban expansion, entrepreneurs can expect more opportunities for business setup, warehouse operations, or long-term property investment in emerging areas like Sen Sok, Chbar Ampov, and Chroy Changvar.

Below is a full overview of Phnom Penh’s 14 districts (Khans) with short descriptions and highlights from the 2025 CVEA report:

1. Daun Penh

As the historical and commercial heart of Phnom Penh, Daun Penh commands the highest land prices, ranging from $4,000–$6,500 per sqm. It includes key areas like Wat Phnom, Phsar Thmey, and Riverside, making it ideal for luxury hotels, retail, and corporate offices.

2. Boeung Keng Kang (BKK)

Known as the city’s premium residential and business zone, BKK1 and surrounding areas average between $3,500–$6,000 per sqm. BKK is popular among expatriates, featuring modern condos, embassies, and co-working hubs, perfect for startups and service-based businesses.

3. 7 Makara

Located near the city center, 7 Makara offers land prices around $3,000–$5,500 per sqm. It’s a mixed-use area with government offices, hospitals, and shopping centers, providing strong demand for commercial and residential development.

4. Chamkarmorn

With a mix of local and international communities, Chamkarmorn includes the bustling Toul Tompong (Russian Market) and Tonle Bassac areas. Prices range from $2,000–$3,500 per sqm, attracting small developers, boutique hotels, and cafés.

5. Toul Kork (TK)

A well-developed suburban district, Toul Kork is growing as a modern residential and education hub, with land prices between $1,500–$2,500 per sqm. It’s home to universities, shopping centers, and tech businesses expanding from the city core.

6. Mean Chey

Previously a rural area, Mean Chey is now a thriving urban extension with improved roads and housing projects. Prices range from $800–$1,400 per sqm, ideal for mid-scale residential and warehouse developments.

7. Russey Keo

Positioned in the north of Phnom Penh, Russey Keo’s prices sit between $700–$1,200 per sqm. It’s becoming popular for logistics companies and light industrial projects due to its proximity to major transport routes.

8. Sen Sok

Once an outer district, Sen Sok is now a rapidly developing commercial zone, averaging $1,000–$1,800 per sqm. With large residential communities, malls, and new infrastructure, it’s a hotspot for retail and logistics investment.

9. Chroy Changvar

Situated across the Tonle Sap River, Chroy Changvar features modern residential projects and riverside developments. Land prices average $900–$1,600 per sqm, appealing to investors in hospitality, tourism, and gated communities.

10. Chbar Ampov

This district on the city’s southeast is benefiting from major bridge and road developments, offering land prices between $800–$1,500 per sqm. It’s a fast-growing area for mixed-use housing and local businesses.

11. Prek Pnov

A northern district with emerging infrastructure, Prek Pnov averages $300–$600 per sqm. It’s attracting interest from logistics, agro-industrial, and warehouse investors seeking affordable land close to Phnom Penh.

12. Por Senchey

A strategic logistics hub, Por Senchey is home to the city’s airport and industrial zones. Prices range from $500–$1,200 per sqm, making it suitable for manufacturing, import-export businesses, and real estate development.

3. Dangkor

One of Phnom Penh’s largest districts by area, Dangkor offers land from $210–$500 per sqm. While still semi-rural, it’s drawing attention from agricultural investors and future urban expansion projects.

14. Kamboul

Located on the city’s outskirts, Kamboul remains one of the most affordable districts, averaging $250–$660 per sqm. With new roads and industrial parks planned, it presents strong long-term growth potential for early investors.

The overall average price of $1,790 per sqm underscores a more stable and data-driven property environment in 2025. For buisnesses, this shift offers new opportunities from renting affordable workspaces to investing in future business hubs. As Phnom Penh’s cityscape evolves, staying informed about land trends can help entrepreneurs and investors make smarter, more strategic moves in Cambodia’s growing economy.

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The Overseas Cambodian Investment Corporation (OCIC) has unveiled a $100 million plan to construct a 10-kilometer canal linking the newly inaugurated Techo International Airport (TIA) with the Bassac River and Funan River, marking a significant step in Cambodia’s transport and logistics development. Announced by Oknha Pung Khev Se, OCIC’s chairman, during TIA’s official opening on October 20, the canal will run from Boeung Cheung Lung to the Bassac River, extending toward the Funan River and ultimately the Kep Strait. The initiative aims to establish an integrated air, land, and water transport hub, reducing logistics costs, improving trade efficiency, and positioning Cambodia as a competitive player in regional commerce. The project forms part of OCIC’s long-term vision to develop a multi-modal transportation ecosystem that supports national economic growth and investment attraction.

In parallel, OCIC is advancing the TIA City development, a large-scale airport city combining residential, commercial, and transit-oriented infrastructure. Currently in its first construction phase, TIA City reflects Cambodia’s push for sustainable urbanization and smart city planning. OCIC, renowned for major projects including Koh Pich, Norea City, Chroy Changvar, and Olympia City, continues to play a central role in shaping Phnom Penh’s modern landscape. The canal, alongside the Funan Techo Canal project, is projected to strengthen agricultural and industrial logistics by linking provinces along the Tonle Sap and Mekong Rivers with export routes, fostering job creation, enhancing rural economic activity, and reinforcing Cambodia’s emergence as a logistics and trade hub in the Mekong region.

1. Boosting Trade and Export Efficiency

By creating a direct waterway connection between TIA and the Bassac-Funan river system, the canal will give Cambodia a cost-effective transport alternative to road and air freight. This means goods can move from Phnom Penh’s logistics hub to Kep Strait and the open sea much faster, reducing transport time and costs for exporters. Agricultural producers, industrial manufacturers, and small exporters will benefit from lower shipping costs and better access to international markets, making Cambodian products more competitive regionally.

Read more: 5 Reasons Why Chrey Thom Will Become Cambodia’s Next Economic Hub

2. Strengthening Local Businesses and Supply Chains

The canal will attract logistics companies, warehouses, and small-scale suppliers to set up operations around TIA and the new TIA City. This ecosystem will generate new opportunities for local entrepreneurs, from construction and transport firms to hospitality, retail, and real estate. Farmers and rural producers from provinces bordering the Tonle Sap and Mekong rivers can ship their goods more directly, linking them to domestic and export markets efficiently.

3. Stimulating Job Creation and Skills Development

OCIC’s project will generate thousands of construction jobs during the development phase and long-term employment in logistics, maintenance, and commercial services once completed. The establishment of TIA City near the canal will further support new urban communities, leading to demand for skilled workers in retail, technology, hospitality, and business services. This will not only reduce unemployment but also help upskill Cambodia’s workforce.

Read more: Can Cambodia Become Southeast Asia’s Next Startup Powerhouse?

4. Encouraging Foreign Direct Investment (FDI)

A modern, multimodal transport hub combining air, land, and water connectivity is a magnet for foreign investors. The canal will improve Cambodia’s reputation as a strategic logistics and manufacturing base for investors seeking alternatives to Vietnam or Thailand. This can lead to industrial park expansions, joint ventures, and public-private partnerships, further driving economic growth.

5. Supporting Tourism and Regional Connectivity

The project could also have a secondary benefit for tourism. With TIA serving as a new international gateway, the canal’s connection to the Bassac River can open opportunities for river tourism, sightseeing cruises, and leisure developments. Enhanced infrastructure and accessibility will strengthen Cambodia’s position as a regional tourism and business hub in the Mekong region.

Read more: 3 Best Businesses to Make Passive Income in Cambodia

6. Long-Term National Economic Impact

Ultimately, the canal project aligns with Cambodia’s long-term goals under its “Vision 2050” strategy to modernize logistics, diversify exports, and expand trade corridors. The integrated network around TIA will help reduce dependency on congested road systems and neighboring ports, keeping more economic value inside Cambodia. This means stronger GDP growth, export diversification, and improved resilience of local industries.

Conclusion

The $100 million canal project is not just an engineering endeavor, it’s an economic catalyst. By linking Techo International Airport to vital waterways, OCIC is laying the groundwork for sustainable growth, regional competitiveness, and inclusive prosperity. This visionary project has the potential to transform Cambodia’s logistics landscape, empower small businesses, and elevate the nation’s status as a modern, connected economy in Southeast Asia.

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Chrey Thom, once an overlooked border town along the Mekong River, is rapidly emerging as one of Cambodia’s most dynamic economic frontiers. With strategic government planning, foreign investment, and growing connectivity with Vietnam, this southern gateway is being reshaped into a bustling center for trade, industry, and logistics. Here are five key reasons why Chrey Thom is set to become Cambodia’s next economic hub.

1. Strategic Location and Cross-Border Connectivity

Chrey Thom’s geographical position gives it a natural advantage. Located less than 70 kilometers from Phnom Penh and directly connected to Vietnam’s Long Binh ward via the Chrey Thom–Long Binh Friendship Bridge, the town serves as a crucial link between Cambodia’s heartland and Vietnam’s industrial south, including Đồng Nai and Ho Chi Minh City. Since the bridge’s inauguration in 2017, cross-border trade has grown significantly, transforming Chrey Thom into an emerging trade corridor that complements existing hubs like Bavet.

This proximity to both the capital and Vietnam allows Chrey Thom to efficiently channel goods, raw materials, and investments across borders—making it a logistical powerhouse in the making.

Read more: How Will Meta’s Crackdown on Fake Profiles Impact Businesses in Cambodia?

2. Rapid Infrastructure and Industrial Development

The town’s transformation is visible everywhere from upgraded roads and bridges to new warehouses, hotels, and industrial facilities. The Royal Government has prioritized infrastructure investment to support trade expansion, with ongoing projects including riverbank fortifications, power grid upgrades, and road widening.

Such developments are setting the stage for large-scale industrialization, with Chrey Thom projected to become a satellite manufacturing zone supporting Cambodia’s export industries. The potential establishment of a Special Economic Zone (SEZ) here could further enhance trade efficiency, reduce transportation costs, and attract more investors seeking to diversify away from the country’s western border zones.

Read more: How Will Cambodia’s Leap into Industry 4.0 Shape Your Business Future?

3. Rising Foreign Investment and Investor-Friendly Policies

Foreign investors particularly from China are increasingly turning their attention to Chrey Thom. Drawn by its strategic position, low land costs, and access to both the Cambodian and Vietnamese markets, these investors are funding logistics centers, retail outlets, and hospitality projects.

Cambodia’s new Investment Law has also strengthened the country’s appeal by allowing 100% foreign ownership and free capital movement, enabling investors to repatriate profits without restrictions. This liberal economic policy stands in contrast to Vietnam’s more regulated investment environment, giving Cambodia an edge as a regional investment destination.

4. Stable Bilateral Relations and Expanding Trade with Vietnam

While Cambodia’s western border with Thailand has occasionally faced trade and political disruptions, the eastern frontier with Vietnam remains notably stable. This consistent relationship has made Vietnam a trusted trade partner, with bilateral trade surpassing $10 billion in 2024.

Chrey Thom is now playing an increasing role in this trade flow, serving as a new export route for Cambodian agricultural goods while importing essential commodities from Vietnam. As infrastructure continues to improve, this route is expected to handle greater trade volumes, bolstering economic resilience and regional integration.

Read more: How Will the Phnom Penh–Siem Reap–Poipet Expressway Boost Local and Regional Business?

5. Emerging Tourism and Service Potential

Beyond trade and industry, Chrey Thom is becoming an appealing destination for cross-border tourism. The Friendship Bridge allows for easy entry and exit between Cambodia and Vietnam, attracting visitors seeking cultural experiences, shopping, and local cuisine. Plans to upgrade the checkpoint to full international status could open the door to more visitors, supporting local small businesses and hospitality services.

The town’s riverside charm, proximity to Phnom Penh, and improved accessibility make it a perfect location for leisure, business, and logistics all of which support a more diverse and sustainable economy.

A Gateway to Cambodia’s Economic Future

Chrey Thom’s rise reflects Cambodia’s strategic pivot toward Vietnam, a move rooted in connectivity, stability, and opportunity. With infrastructure projects accelerating, foreign capital flowing in, and trade steadily expanding, this once-quiet border town is poised to become the Kingdom’s next major economic hub.

For investors, policymakers, and businesses alike, Chrey Thom represents not just a town on the map—but a vision of Cambodia’s future growth and regional integration.

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Cambodia’s entrepreneurial movement started slowly around 2010, with only a handful of small ventures struggling to survive due to limited funding, weak infrastructure, and a shortage of skilled talent. For nearly a decade, progress was sluggish. However, in 2019, the landscape began to shift when the government launched the Entrepreneurship Promotion Centre and Khmer Enterprise (KE), two major initiatives designed to nurture innovation and entrepreneurship across the country. Supported by the Techo Startup Center under the Ministry of Economy and Finance, these efforts brought financial grants, mentorship programs, and tax incentives that gradually sparked the country’s innovation scene. Today, the Kingdom proudly hosts over 200 startups, including 119 technology-driven ventures across e-commerce, fintech, SaaS, edutech, and healthtech, marking a new era for Cambodia’s digital economy.

Read more: How AI is Transforming Access to Finance in Cambodia?

Why did Nham24’s acquisition by Grab create such a buzz?

In early 2025, the Cambodian startup scene made headlines when Grab, Southeast Asia’s biggest tech company, acquired Nham24, a homegrown platform offering food delivery, ride-hailing, courier, and grocery services. This deal wasn’t just about business, it symbolized a turning point for Cambodia’s innovation ecosystem. The acquisition signaled growing investor confidence, gave early backers an exit opportunity, and showcased that Cambodian startups can scale beyond national borders. Merging Nham24’s local knowledge with Grab’s global resources is expected to further accelerate Cambodia’s transition into a regional tech hub.

Where does Cambodia stand globally in the startup world?

According to the Global Startup Ecosystem Index 2025 by StartupBlink, Cambodia climbed seven spots to rank 105th globally and maintained 7th place in Southeast Asia, just behind the Philippines. Phnom Penh also earned a place on the map as the country’s central innovation hub. The growth reflects steady improvements in funding, government backing, and digital adoption, especially with the introduction of Startup Cambodia, a national program under the Cambodia Digital Economy and Society Policy Framework. This initiative continues to connect entrepreneurs, mentors, and investors, building a collaborative ecosystem for sustainable growth.

Read more: How Are AI-Generated Images Tricking You Into Fake Charity Donations?

Who are the standout startups driving this change?

Several local ventures are now making a name for themselves: FirstFinance MFI and Pi Pay in fintech; ATEC Biodigesters in clean energy; vKirirom, DirexPlay, and Beebush in social tech and tourism; and BookMeBus, Somleng, and Clik in digital services. Industry expert Zia Bharwani, CEO of Red Team Partners and mentor at the American University of Phnom Penh’s Startup Accelerator, emphasized the importance of emerging technologies. “These are the best industries with the highest growth rate across the world. Innovation and advanced technologies are crucial for startups to survive and thrive in today’s competitive and fast-paced market,” he said, urging entrepreneurs to focus on AI, blockchain, and cybersecurity.

How is the government helping startups grow?

The Cambodian government has established a supportive framework through Khmer Enterprise (KE), which runs over 100 programs annually to help startups across all 25 provinces. KE offers grants, mentorship, and networking opportunities, helping young entrepreneurs build scalable and sustainable businesses. As Chhieng Vanmunin, CEO of KE, shared, “We are offering support to startups across all 25 provinces in the country. The project and fund distribution system is much effective to help investors to venture into a project in any part of the country.” Moreover, the Techo Startup Center, the Commerce Ministry’s Single Portal, and accelerator programs like ARC Start-up Accelerator simplify business registration, improve investor access, and connect startups with global partners.

What challenges still hold Cambodian startups back?

Despite impressive progress, many startups face difficulties expanding into new markets. Some entrepreneurs argue that existing support programs haven’t yet provided enough tools for international scaling. Expat founders also face barriers in accessing certain incentives and government-backed initiatives, limiting foreign participation in Cambodia’s innovation ecosystem. Funding is another challenge. Though promising startups like vKirirom, ATEC Biodigesters, and Beebush have raised between $1 million and $2.9 million, venture capital inflow remains limited. Local VCs like OOCTANE ($55 million fund) and OBOR Capital ($30 million fund) are leading the way, but regional investment still lags compared to neighbors like Vietnam and Thailand.

Read more: What is Cambodia’s National AI Strategy? Why Does It Matter for Your Business?

What do experts say about the road ahead?

According to Victor La, Director at the Canadian Chamber of Commerce in Cambodia, local entrepreneurs must focus on homegrown innovation that solves real problems. “We must understand that commercialisation is driving the modernisation of incubated technologies,” he said. This means building Cambodian-made tools that address local needs before expanding globally. Meanwhile, Renjith Thomas, an Indian entrepreneur eyeing Cambodia’s market, believes that fostering a strong venture capital ecosystem will be critical. He argues that “novelty and innovation remain the key to success,” and warns that copying existing business models like Foodpanda or Grab could stunt long-term progress.

So, what’s next for Cambodia’s startup ecosystem?

Experts agree that the next phase will depend on innovation, inclusivity, and global integration. With continued government backing, growing investor interest, and an increasingly tech-savvy population, Cambodia has the potential to transform from a small startup market into a dynamic regional innovation hub. As Renjith Thomas aptly put it, “Greatness cannot be planned; it emerges by solving unique, real-world problems that people or businesses face in their everyday lives and by embracing those challenges with creativity and persistence.”

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Cambodia Targets 5% Economic Growth in 2025: Deputy PM. Cambodia’s economy is projected to grow by 5 percent in 2025, a slight decrease from 6 percent in 2024, according to Permanent Deputy Prime Minister Vongsey Vissoth.

Speaking at the official launch of the National Strategic Development Plan on Thursday, Vissoth explained that the slower pace of growth is linked to external pressures, notably, the ongoing border tension with Thailand and the 19-percent tariff recently imposed by the United States on Cambodian exports.

“On Aug. 1, the United States imposed a 19 per cent tariff on all goods imported from Cambodia,” he noted, emphasizing how such trade measures have dampened the nation’s economic momentum.

Despite these challenges, Cambodia’s GDP per capita is expected to increase from $2,520 in 2023 to $2,713 in 2024, reaching nearly $3,000 by 2025.

The deputy prime minister reaffirmed that the economy’s main drivers remain consistent — garment, footwear, and travel goods exports, along with tourism, agriculture, real estate, and construction.

A report by the Ministry of Economy and Finance projects that in 2025, the industrial sector (including garments, non-garment manufacturing, and construction) will expand by 7.1 percent. The service sector, covering tourism, transport, telecommunications, trade, and real estate, is expected to grow by 3.8 percent, while agriculture is set to rise by 0.9 percent.

Source: Xinhua

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