Cambodia Real Estate Highlights, H1 2025
- Andrew Millar
- Aug 27, 2025
- 1 min read
Updated: Dec 1, 2025
Knight Frank Cambodia
Report Description
27th August 2025 (PDF, 28 pages)
The H1 2025 edition provides an in-depth assessment of economic conditions and sector performance across Phnom Penh and key provinces, offering timely insights from Knight Frank Cambodia into supply trends, demand movements and evolving investor sentiment.
Summary
GDP growth is forecast at 4% for 2025, influenced by global trade uncertainty and rising NPLs.
Phnom Penh’s office supply reached 1,015,380 sqm, with Grade B representing 49% of stock.
Retail occupancy softened to 62%, driven by oversupply and weaker consumer spending.
Hotel supply increased 6%, adding 400 rooms across two international brands.
Serviced apartments expanded to 8,975 units, with business-class properties forming 53% of the market.
Condominium supply climbed to 61,564 units, supported by strong Core-segment launches.
Industrial growth accelerated, with 290 newly approved projects and 42% located in SEZs.
About the Cambodia Real Estate Highlights Series
The Cambodia Real Estate Highlights series provides twice-yearly analysis of economic conditions and property market performance across Cambodia.
Each edition outlines major developments in commercial, residential and industrial segments, supported by data on supply pipelines, pricing trends and investment activity. The series helps investors, developers and policymakers understand structural shifts shaping the country’s long-term real estate trajectory.
About Knight Frank Cambodia
Knight Frank Cambodia is a leading property consultancy providing research, valuation and advisory services across the Kingdom.
The firm operates as part of the wider Knight Frank global network and delivers market intelligence to developers, investors and corporate clients.
Established in Cambodia in 2008, the organisation employs staff across research, agency, valuation and professional services.
Website: knightfrank.com