Between 2000 and 2019, the value of residential and commercial land tripled. Cambodia opened its doors to foreign investment, which directly drove the increase in land transactions, specifically: farmland was converted to industrial use; unused land was used to build factories and warehouses; urban plots became commercial spaces and residential Building; then individual investors can purchase the divided residential property with limited funds.
Whether it is land, ordinary apartment or condominium, whether it is rent or sales price, the overall trend is rising. The Russian market (Toul Tumpong) in Phnom Penh is a good example. The arrival of the Chinese has created demand, which has driven up selling prices and rents. Industry insiders predict that even if the price level is generally stable, demand will remain strong, which will slowly push up real estate prices. As long as local demand and Chinese demand continue to be strong, the strength of the entire real estate market will remain unchanged.
