Looking for a condo for sale in Phnom Penh?
At the time of writing Phnom Penh’s current condominium supply stands at over 17,000 units. In a city with a population of over 2.5 million people and an expanding expatriate population (many of whom are looking for rental properties) means that foreign investors looking for a condo for sale in Phnom Penh have plenty of options to consider.
Although still low compared to Western or European Nations domestic demand for both condominium purchase and rental is now growing with most domestic purchasers buying for residence rather than rental returns.
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Condo for sale in Phnom Penh: High end, mid range, or affordable?
The high-end segment currently dominates the market with over 10,000 units in supply accounting for roughly 61% of the market. A high-end segment condo for sale in Phnom Penh would start at approximately USD $2,200 Per Sqm.
The mid-tier segment makes up for around 6,800 units accounting for around 39% of the current market share. A mid-tier condo for sale in Phnom Penh would start at approximately USD $1,100 Per Sqm.
Recently more and more affordable housing projects have been launched with “no-frills” developments offering compact basic units at prices ranging between USD $25,000 to $90,000. Many of these developments are catered towards locals but have attracted increased attention from overseas buyers looking for a good value condo for sale in Phnom Penh.
Investment in the Phnom Penh condo market: Guaranteed rental returns
Many condominium developers offer buyers GRR or Guaranteed Rental Returns. This means that once payments have finished and the condo unit has been handed over to the buyer, the developer promises to repay a certain percentage of the purchase value over a specified amount of time essentially guaranteeing a rental income on the property. GRR has proved popular with many foreign investors.
Typically a condominium project needs to have 30% local ownership to 70% foreign ownership of the total amount of units. Foreigners are restricted to purchasing units on the first floor and above only.
Foreign investors can legally buy condos in Phnom Penh
For foreign investors looking for a condo for sale in Phnom Penh it’s important to do the necessary due diligence on a developer, always check they have the necessary licenses and are eligible to issue all buyers with a strata title thus registering the buyer as the legal owner of the property.
Apartments for sale in Phnom Penh are not the same as condos
There are many cheap apartments for sale in Phnom Penh that are individual units in older shop house buildings, but these cannot offer a strata title and so are only available for Cambodian citizens to purchase. Foreigner buyers should only consider fully licenced condo developers when looking for a condo for sale in Phnom Penh.
For more information on condo for sale in Phnom Penh, including up to date market value, the most desirable residential locations and prices, as well as time-saving information regarding strata-titled properties, contact the residential real estate sales agents at Knight Frank Cambodia.
Condos for sale in BKK1
Boeung Keng Kang is a popular central residential area of Phnom Penh
Condos for sale in Tonle Bassac
Along the banks of the Bassac river adjacent to BKK1
Condos for sale in Daun Penh
Phnom Penh's desirable riverside area
Condos for sale in Russian Market
Southern district popular with expats. Also known as Toul Tom Poung.
Condo for sale in Toul Kork
Western suburb of Phnom Penh with many modern high rise condo buildings
Condos for sale in Chroy Changva
Condos located on Chroy Changva peninsular.
You might find your ideal condo for sale in Phnom Penh in these condo developments:
Urban Village
Arakawa Residence
CamKo City
Mekong View Tower
Mekong View Tower 6
The Bridge
Rose Apple Square
One Park
Diamond Twin Tower
Times Square
240 Phnom Penh
Sky Villa
The Gateway
Mesong
The Peak
Imperial Crown
The View
Odom
Agile Sky Residences
BK Residence
Bliss Residences
Embassy Central
Garden One TK
Garden Residency 2
La Vista One
Northpark Condo
The Hexa Condo
The Peninsula
Vue Aston
Skylar by Meridian
Axis Residences
The Penthouse Residence
Casa Meridian
Aura Condo
Sky Tree
Urban Loft
Platinum Bay
D.I. Riviera
Prince Central Plaza
WorldBridge Sport Village
Rose Condo
Bodaiju Residences
De Castle TK
East One
TK Royal One
Time Square 2
Sky 31
Manhattan
AKJ Bright Pearl
Sun City Bassac
CA&SA
UK Condo
Olympia City
Booyoung Town
Ly Condo
Please contact our professional team of real estate agents at +855 23 966 878 or enquiry@kh.knightfrank.com if you are interested in condos for sale in Phnom Penh.