IPS Cambodia Report Description 25th November 2025 (online) IPS Cambodia  provides a comprehensive overview of Phnom Penh’s 2025–2026 handover cycle, giving investors and homebuyers a clear roadmap of new, ready-to-move-in condo units across the city’s fastest-growing districts and insights into changing buyer behaviour. Summary Phnom Penh is entering one of its biggest handover cycles  in years, with multiple major developments slated for completion between late 2025 and 2026. The introduction of Capital Gains Tax  on real estate in January 2026 is reshaping buyer behaviour, shifting strategies from quick flips toward long-term rental-driven investments. Despite concerns about supply, rental yields remain attractive at 6.5 to 8%, supported by strong demand from expatriates seeking modern, fully managed homes. Developers are responding with improved handover quality , offering flexible payment plans and more transparent processes to meet growing investor expectations. Smart-home features and large amenity zones are becoming standard across many new condo projects, reflecting rising demand for lifestyle-style living. Buyers are increasingly prioritising unit layout , usable space, natural light, property management and payment flexibility when selecting new condos. A well-chosen development in a prime location  can still outperform the broader market, even during periods of high supply. About IPS Cambodia IPS Cambodia is a full-service real estate agency established in 2009, with offices in Phnom Penh and Siem Reap. The organisation offers expert support across residential and commercial sales, rentals, property investment, valuations and property management. Over more than a decade, IPS has built a reputation as a trusted partner for local and international clients looking to invest in Cambodia’s rapidly evolving real estate sector. Website : ips-cambodia.com

Knight Frank Cambodia Report Description 22nd December 2023 (PDF, 24 pages) Drawing on in-depth market monitoring and sector-by-sector analysis, Knight Frank Cambodia  presents a data-rich overview of real estate performance during H2 2023, highlighting key changes across Phnom Penh and Sihanoukville. Summary GDP growth for 2023 was adjusted to 5.3%, reflecting weaker external demand but improving momentum heading into 2024. Office supply in Phnom Penh expanded to 962,539 sqm, pushing occupancy down to 59% due to increasing completions. Retail occupancy softened to 68%, with new mall openings slowing and rental rates facing downward pressure. Phnom Penh’s hotel inventory grew to 14,993 rooms, supported by returning tourism and new upper-tier openings. Serviced apartments reached 8,270 units, with rental rates rising but occupancy holding at 41% amid a competitive market. Condominium stock increased 15% year-on-year to 49,102 units, with the mid-tier segment accounting for 54% of supply. Landed housing recorded 86,488 units, with sales rates slowing to 4 to 6% as higher interest rates affected buyer sentiment. About the Cambodia Real Estate Highlights Series The Cambodia Real Estate Highlights  series provides twice-yearly coverage of Cambodia’s property market, combining quantitative data with expert market commentary. Each edition analyses supply pipelines, pricing shifts and district-level performance across major asset classes. The series supports investors, developers and institutions seeking objective insights into Cambodia’s evolving real estate fundamentals.   About Knight Frank Cambodia Knight Frank Cambodia  is part of the global Knight Frank network, a leading independent property consultancy headquartered in London. The organisation delivers research, valuation, advisory and agency services across residential, commercial and industrial markets. Operating in Cambodia since 2008, it provides market-tested expertise to institutional investors, corporates and developers nationwide. Website : knightfrank.com

Knight Frank Cambodia Report Description 30th June 2020 (PDF, 3 pages) This Knight Frank Cambodia guide provides prospective investors with a clear, structured and practical overview of Cambodia’s property ownership framework, including foreign ownership rules, land title classifications, tenures and key legal considerations. Summary Foreign nationals may own units in co-owned buildings from the first floor and above, up to 70% of total units. Hard titles remain the strongest Cambodian land title and incur a 4% transfer tax when transactions occur. Soft titles are widely used, locally recognised and still dominate transactions despite higher litigation risk. Leasehold terms extend to 50 years  and may be renewed once for a further 50 years. Capital gains earned by non-residents are taxed at a 20% flat rate. Typical loan-to-value ratios range from 50% to 70%, with interest rates between 8% and 10% per annum. Real estate agent fees in Cambodia follow a current market rate of 3% + VAT. About Knight Frank Cambodia Knight Frank Cambodia is part of the global Knight Frank  network, a leading international property consultancy headquartered in London. The Cambodia office provides advisory services, market research and transactional support across residential and commercial sectors. Established locally in 2008, the firm delivers professional guidance to investors, developers and corporate clients across the Kingdom. Website : knightfrank.com

Knight Frank Cambodia Report Description 4th July 2024 (PDF, 3 pages) This Q2 2024 edition of the Prime Phnom Penh Development Land Index from Knight Frank Cambodia provides an evidence-based overview of land price movements, market sentiment and emerging investment conditions across the capital’s core districts. Summary Market activity in H1 2024 remained subdued, continuing the low transaction levels seen in 2023. Prime residential development land prices declined by 1.4% QOQ, while prime office land prices dropped 2.9% during Q2 2024. Annual price movements show residential and office land values falling 5.8% and 2.4%, respectively. Compared with Q2 2020, average prime residential and office land prices are down 35% and 36% as the post-Covid correction continues. Growth drivers in H2 2024 include rising exports, increased international tourism and higher inflows of FDI. The report highlights opportunities for investors to acquire land at heavily discounted prices , with values nearing the bottom of the cycle. Macroeconomic uncertainty and high interest rates remain short-term challenges impacting investor sentiment. About the Prime Development Land Index Series The Prime Development Land Index  series tracks quarterly changes in land values, in this case across Phnom Penh's key districts, providing timely insights for developers and investors. Each edition analyses market drivers, price movements and macroeconomic conditions shaping the real estate landscape. The series is designed to support strategic decision-making in Cambodia’s evolving property market.   About Knight Frank Cambodia Knight Frank Cambodia  was established in 2008, expanding the global Knight Frank  network into the Cambodian market with dedicated advisory, valuation, research and transactional expertise. The organisation supports clients across residential, commercial and industrial real estate through data-driven insights and sector-specific consultancy. Its Cambodia office plays a key role in guiding investors, corporates and policymakers in an increasingly competitive property landscape. Website : knightfrank.com

Knight Frank Cambodia Report Description 16th December 2024 (PDF, 6 pages) This comprehensive guide from Knight Frank provides a detailed examination of the Kingdom’s evolving data centre landscape, highlighting the sector’s growth drivers, market capacity, technology standards and operators shaping Cambodia’s digital infrastructure. Summary Cambodia’s GDP expanded by 7% per annum between 1995 and 2019, underpinning the modernisation that now fuels commercial data centre development. The current operational capacity stands at 7 MW, with further expansion expected following a USD $30 million project announced by the Ministry of Posts and Telecommunications. Legislation requiring companies to store data onshore is anticipated to accelerate long-term growth, with numerous feasibility-stage projects indicating an exponential expansion trajectory. Market take-up remained flat between 2018 and 2021 before rising sharply in 2022 and peaking in 2023, driven by new operators entering the sector. Major operators include ByteDC, Chaktomuk (CDC)  and Daun Penh Data Center (DPDC) , alongside Telecotech, Ezecom, Seatel, MekongNet and NeocomISP (NTC) . Data centres in Cambodia are structured across 'Live Capacity', 'Under Construction Capacity', 'Committed Capacity' and 'Early Stage Capacity', offering a clear classification of market readiness . Tier classifications from Tier I to Tier IV  define uptime, redundancy and resilience levels, with Tier IV offering 99.995% uptime and maximum fault tolerance for mission-critical operations. About Knight Frank Cambodia Knight Frank Cambodia  is part of the global Knight Frank network, a leading independent property consultancy headquartered in London. The organisation delivers research, valuation, advisory and agency services across residential, commercial and industrial markets. Operating in Cambodia since 2008, it provides market-tested expertise to institutional investors, corporates and developers nationwide. Website : knightfrank.com

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

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

Knight Frank Cambodia Report Description 13th August 2024 (PDF, 15 pages) This report provides a detailed overview of sector-by-sector performance across the Kingdom’s property landscape, drawing on Knight Frank Cambodia  market intelligence to capture demand patterns, supply dynamics and early signs of stabilisation across asset classes. Summary Office supply reached 963,939 sqm, while occupancy stabilised at 59%, supported by improving demand for strata title offices. Retail supply expanded to 863,440 sqm, although overall occupancy slipped to 67% due to continued global and domestic headwinds. Hotel room inventory grew 5% year-on-year to 15,377 rooms, reflecting rising international tourist arrivals during early 2024. Serviced apartment occupancy improved to 55%, supported by stronger business travel and growing demand for long-stay accommodation. Condominium supply increased by 3,118 units, with the mid-tier segment rising to 57% of total stock amid ongoing price corrections. Landed housing supply grew to 91,510 units, with mid-tier houses representing 57% of the market and stronger sales in the core segment. Developers across all sectors continued adjusting pricing strategies , with some high-end projects reducing prices to align with mid-tier affordability. About the Cambodia Real Estate Highlights Series The Cambodia Real Estate Highlights  series offers twice-yearly insights into the Kingdom’s evolving property market. Each edition tracks changes in supply, demand and pricing across residential, commercial and hospitality sectors. The series supports investors, policymakers and industry professionals seeking evidence-based guidance on Cambodia’s rapidly shifting real estate landscape.   About Knight Frank Cambodia Knight Frank Cambodia  is part of the global Knight Frank  network, a leading independent property consultancy providing advisory, valuation and research services in more than 50 countries. Established in Cambodia in 2008, the firm delivers market intelligence and strategic guidance across commercial, residential and industrial real estate. Its research division produces authoritative analysis that informs investment decisions, urban planning and sector development nationwide. Website : knightfrank.com

realestate.com.kh Report Description 18th July 2025 (online) Understanding the full spectrum of property-related expenses in Cambodia is essential, and this comprehensive guide from realestate.com.kh  provides an in-depth breakdown of purchase prices, transaction taxes, ownership obligations and exit-related costs. Summary The average property price per sqm in Boeung Keng Kang I is USD $2,000, reflecting strong demand in central Phnom Penh. Tonle Bassac remains the capital’s highest-priced district, with average prices of USD $2,500 per sqm. Transfer tax  is charged at 4% of government-assessed value, with exemptions for the first USD $70,000 and up to USD $210,000 for qualifying new-build purchases until the end of 2025. Agent commissions  typically range from 3% to 5% on sales and one month’s rent for standard 12-month rental agreements. The annual TOIP property tax  applies at 0.1% of the assessed value above approximately USD $25,000. Rental income tax  is set at 10% for Cambodian residents and 14% for non-residents. Foreign buyers should budget 6% to 8% of the purchase price for combined transaction, legal and registration costs. About realestate.com.kh realestate.com.kh  is one of Cambodia’s leading online property marketplaces and research platforms, providing market data, news and analysis to support buyers, sellers and investors. The organisation offers property listings, advisory content and digital tools that strengthen transparency and informed decision-making across the sector. Established in 2009, realestate.com.kh continues to play a central role in improving access to real estate information throughout the Kingdom. Website : realestate.com.kh

realestate.com.kh Report Description 13th December 2024 (online) As Cambodia’s property market expands, this article from realestate.com.kh  presents an overview of Phnom Penh’s major condominium developments scheduled for handover in 2025, bringing together project features, locations and delivery timelines. Summary Several large-scale Phnom Penh developments are preparing for handover in early 2025 , marking another active year for project completions. BKK1 remains a high-demand district, with Le Conde BKK1 and Time Square 306 targeted for handover during 2025. Flexible payment structures continue to attract buyers, including 10% to 30% down payment options across multiple projects. Koh Pich maintains strong appeal, with Diamond Bay Garden offering premium river views and modern family-orientated amenities. Urban Village Phase 2 extends its large community footprint along Hun Sen Boulevard, supported by nearby facilities such as Aeon 3 mall and international schools. Toul Kork strengthens its position as a lifestyle hub, with Royal Platinum Condominium delivering 851 units ranging from studios to penthouses. Chroy Changvar’s riverside growth continues, reinforced by La Vista One’s twin-tower development set for handover in Q4 2025. About realestate.com.kh Since 2009, realestate.com.kh has grown into one of the country's leading online property marketplaces, offering listings, data insights and digital solutions for buyers and developers. It serves as a central platform for residential and commercial property searches across the country. Through its reports, events and consultancy services, it provides market participants with data-driven insights that enhance understanding of national real estate trends. Website : realestate.com.kh

realestate.com.kh Report Description 3rd July 2025 (PDF, 14 pages) Produced by realestate.com.kh , this Investment & Market Analysis offers a detailed evidence-based snapshot of Cambodia’s condominium market, combining transaction data, buyer behaviour and location trends to help investors make informed decisions. Summary The market remains sluggish overall, with oversupply persisting across multiple real estate sectors. Pre-COVID construction activity by opportunistic developers created excess inventory , which continues to influence market dynamics. Post-COVID, new project launches have slowed, reflecting a clearer focus on quality over quantity. Trusted developers are now leading the market and aligning supply with genuine end-user demand. Average condo prices forecast an upward trend , rising from around USD $1,500 per sqm towards higher long-term valuations. Buyer demand shows strong interest in 1-bedroom units (61%), with concentrations in BKK 1 (34%) and Tuol Kork. Sales rates in recently launched projects are robust, with some achieving over 50% sold within the first three weeks of release. About realestate.com.kh realestate.com.kh  is one of Cambodia’s leading online property portals, providing market-wide listings, research and property insights since its establishment in Phnom Penh in 2009. The platform connects homebuyers, investors and developers with trusted information and real-time market data. It continues to play a central role in supporting Cambodia’s fast-growing real estate and construction sector through accessible analysis, market reports and advisory tools. Website : realestate.com.kh

realestate.com.kh Report Description 15th August 2025 (online) Urbanisation is reshaping Cambodia at remarkable speed, and this article from realestate.com.kh  explores how shifting demographics, expanding cities and rising investor interest are combining to transform the Kingdom’s real estate landscape. Summary Cambodia’s population reached 17.9 million in 2025, supported by 1.5% annual growth due to high birth rates and improving healthcare. A youthful demographic profile , with 30% of the population aged 0 to 14 years and a median age of 26, is strengthening the labour market and productivity prospects. Urbanisation increased from 26% in 2023 to 27% in 2025, with city populations growing at nearly 3% per year. Demand for housing is rising rapidly, with tens of thousands of new units required annually to support growing cities and expanding middle-income communities. Commercial and industrial real estate growth is accelerating, driven by diversification and Special Economic Zones, particularly around Sihanoukville. Foreign direct investment has injected USD $24 billion into construction in recent years, supporting sustainable technologies and modern development standards. Expanding urban infrastructure , including transport networks and utilities upgrades, continues to push property values higher and strengthen economic competitiveness. About realestate.com.kh realestate.com.kh , founded in 2009, is a leading property information platform in Cambodia, offering listings, market insights and real estate guidance for buyers, sellers and investors. It supports transparency in the sector by providing accessible data and analysis across residential, commercial and mixed-use developments. The organisation plays an important role in shaping informed property decisions throughout Cambodia’s dynamic real estate market. Website : realestate.com.kh