Phnom Penh Mid-Year Review 2025
- Andrew Millar
- Jul 10, 2025
- 2 min read
Updated: 3 days ago
CBRE Cambodia
Report Description
10th July 2025 (PDF, 50 pages)
Providing a data-rich mid-year assessment of Cambodia’s capital city real estate conditions, the guide delivers CBRE Cambodia’s detailed analysis of market sentiment, sector performance and macroeconomic forces shaping Phnom Penh’s property landscape in 2025.
Summary
GDP growth is estimated at 4.0% for 2025, alongside USD $3 billion in approved construction value between January and May.
International tourist arrivals reached 2.9 million by May 2025, with Thailand representing the largest inbound share at 26%.
Office occupancy stands at 64%, supported by new supply additions exceeding 229,000 sqm expected within 2025.
Retail occupancy is estimated at 59%, with prime rents averaging USD $21 per sqm each month.
Condominium launches surpass 3,000 units in H1 2025, while high-end sale prices average USD $2,746 per sqm.
Industrial land lease rates hold at USD $60 per sqm for 50-year tenures, supported by nearly 955 hectares of new launches.
Market caution persists as deposit growth rises and sellers maintain firm pricing strategies, prompting developers to revisit ESG integration, operational efficiency and tenant retention priorities.
About the Phnom Penh Mid-Year Review
The Phnom Penh Mid-Year Review series provides a biannual snapshot of the capital’s real estate market through detailed metrics, sector summaries and forward-looking commentary.
Each edition evaluates occupancy levels, pricing, supply pipelines and economic factors that shape investor confidence. The series serves as an essential decision-making resource for developers, lenders and corporate occupiers monitoring Phnom Penh’s evolving market environment.
About CBRE Cambodia
CBRE Cambodia has operated in the Kingdom since 2008, establishing itself as one of Cambodia’s leading real estate advisory firms.
It provides valuation, consulting, research and broking services covering commercial, residential, industrial and hospitality sectors.
Its reports are widely recognised for analytical depth, market accuracy and strategic relevance to both local and international investors.
Website: cbre.com.kh