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.