​Cambodia Real Estate Sector Posts Sluggish Growth in 2025 Amid Regional Tensions

By Leng Deth

PHNOM PENH, January 30, 2026 (KPT) – Cambodia’s real estate sector grew just 0.5 percent in 2025, down from 0.9 percent the previous year, according to the National Bank of Cambodia, as house sales rose but condominium transactions declined and property prices softened.

The central bank reported house sales increased 30.5 percent last year, driven by demand for affordable housing and easier down‑payment terms. By contrast, condominium sales fell 19.6 percent. The Residential Property Price Index dropped an average of 3.4 percent, with prices down 3.6 percent in Phnom Penh and 1.9 percent in the provinces. Mortgage lending for home ownership was estimated to have fallen to 9 percent.

Kim Heang, CEO of KW Cambodia, said sales of Borey and condominiums rose early in 2025 but tightened after the outbreak of the Cambodia–Thailand conflict. He noted the sector has faced repeated shocks since the COVID‑19 pandemic and the Russia–Ukraine war, with transactions remaining subdued.

Century21 Mekong CEO Chrek Soknim said growth was slow but steady, while CBRE Cambodia director Kim Kinkesa observed that unsold housing and condominium supply remained high, keeping prices low. She added that developers continue to offer installment plans and promotions, with fewer new launches pushing buyers toward older projects.

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