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Q3 2025 Market Insights

Updated: Dec 27, 2025

CBRE Cambodia

Q3 2025 Market Insights Cover


Report Description

16th October 2025 (PDF, 50 pages)

This Q3 market update provides a data-driven overview of Cambodia’s commercial real estate trajectory, highlighting shifting demand, sector performance and macro-level trends across office, retail, residential, hotel and industrial assets.


Summary

  • Office occupancy stood at 65%, with tenants increasingly prioritising value and quality in a tenant-favoured market, putting greater pressure on landlords.

  • Retail occupancy reached 59%, while mall activation programmes and events began improving footfall, especially within viable shopping malls.

  • Infrastructure milestones such as the Techo International Airport (100% completion) and several bridge and motorway projects continued to reinforce long-term growth confidence.

  • Over 370 projects were recorded in the Green Net Survey, with 32% topping out and 33% completion, indicating steady construction progress.

  • Residential developers aligned new launches with realistic buyer capacity, offering 0% interest instalment plans and down payments as low as 5%, improving sales performance.

  • Hotel sector performance reflected increased Chinese tourist arrivals, rising 30%, supporting premium hotel segment resilience despite ongoing border-related concerns.

  • Brand movements and repositioning accelerated in the retail sector due to cross-border consumer disputes, resulting in store closures, rebrandings and fresh openings across the city.


About the Market Insights Series

The Market Insights series provides quarterly analysis of Cambodia’s property market, combining sector indicators with on-the-ground observations.

Each edition highlights emerging trends, risk factors and opportunities influencing investor sentiment. The series aims to equip decision-makers with reliable, timely and consistently structured intelligence to navigate market shifts effectively.

 

About CBRE Cambodia

CBRE Cambodia is a leading real estate advisory firm offering research, valuation, consulting and broking services across Cambodia’s commercial and residential property sectors.

The organisation combines global standards with local market expertise to deliver high-quality, data-driven advisory support.

Its research publications play a central role in shaping investor understanding of market performance and long-term development trajectories.



Website: cbre.com.kh

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