Cambodia Real Estate Highlights, H1 2024
- Andrew Millar
- Aug 13, 2024
- 2 min read
Updated: Dec 1, 2025
Knight Frank Cambodia
Report Description
13th August 2024 (PDF, 15 pages)
This report provides a detailed overview of sector-by-sector performance across the Kingdom’s property landscape, drawing on Knight Frank Cambodia market intelligence to capture demand patterns, supply dynamics and early signs of stabilisation across asset classes.
Summary
Office supply reached 963,939 sqm, while occupancy stabilised at 59%, supported by improving demand for strata title offices.
Retail supply expanded to 863,440 sqm, although overall occupancy slipped to 67% due to continued global and domestic headwinds.
Hotel room inventory grew 5% year-on-year to 15,377 rooms, reflecting rising international tourist arrivals during early 2024.
Serviced apartment occupancy improved to 55%, supported by stronger business travel and growing demand for long-stay accommodation.
Condominium supply increased by 3,118 units, with the mid-tier segment rising to 57% of total stock amid ongoing price corrections.
Landed housing supply grew to 91,510 units, with mid-tier houses representing 57% of the market and stronger sales in the core segment.
Developers across all sectors continued adjusting pricing strategies, with some high-end projects reducing prices to align with mid-tier affordability.
About the Cambodia Real Estate Highlights Series
The Cambodia Real Estate Highlights series offers twice-yearly insights into the Kingdom’s evolving property market.
Each edition tracks changes in supply, demand and pricing across residential, commercial and hospitality sectors. The series supports investors, policymakers and industry professionals seeking evidence-based guidance on Cambodia’s rapidly shifting real estate landscape.
About Knight Frank Cambodia
Knight Frank Cambodia is part of the global Knight Frank network, a leading independent property consultancy providing advisory, valuation and research services in more than 50 countries.
Established in Cambodia in 2008, the firm delivers market intelligence and strategic guidance across commercial, residential and industrial real estate.
Its research division produces authoritative analysis that informs investment decisions, urban planning and sector development nationwide.
Website: knightfrank.com