Cambodia Real Estate Highlights, H2 2024
- Andrew Millar
- Feb 18, 2025
- 1 min read
Updated: Dec 1, 2025
Knight Frank Cambodia
Report Description
18th February 2025 (PDF, 19 pages)
A half-yearly review by Knight Frank Cambodia provides a detailed analysis of Cambodia’s evolving real estate landscape in H2 2024, highlighting market trends, sector performance and forward-looking indicators across key property segments.
Summary
GDP growth reached 5.5% in 2024, supported by rising exports and a rebound in international tourism.
Office supply reached 1,015,380 sqm NLA, with Grade A stock set to dominate future additions.
Retail occupancy fell to 65%, driven by oversupply and weaker consumer spending.
Hotel supply increased by 7%, driven by new openings such as the 303-key Shangri-La.
Serviced apartment supply grew to 8,400 units, with business class accounting for 56% of stock.
Condominium supply rose to 57,772 units, with 4,606 new units completed across five major projects.
Industrial investment surged by 40%, with Special Economic Zones expanding to 705 hectares.
About the Cambodia Real Estate Highlights Series
The Cambodia Real Estate Highlights series provides market-specific insights into Cambodia’s property sectors, including office, retail, hotel, residential and industrial real estate.
Each edition outlines headline trends, structural developments and economic contexts influencing investor sentiment. The series is widely used by developers, policymakers and market participants to inform decision-making.
About Knight Frank Cambodia
Knight Frank has operated in the Kingdom since 2008, forming part of the global Knight Frank network, a leading independent real estate consultancy with a presence in more than 50 markets.
The firm delivers research, valuation and advisory services tailored to Cambodia’s rapidly evolving economic and property landscape.
Its Phnom Penh office supports investors, businesses and developers with data-driven insights and strategic market intelligence.
Website: knightfrank.com