Phnom Penh real estate market — prices, rental yield and trend

• Average price: $2,907 / m²
• Gross rental yield: 5.34%
• Net rental yield: 4.59%
• Transaction cost: 8.5%
• Price basis: local-market average

Residential property in Phnom Penh averages $2,907 per square metre. That makes it the 154th most expensive of the 236 markets in the set.

What a buyer pays in Phnom Penh

The $2,907 figure is a local-market average across all residential property types: a flat in a prime district sits well above it, an older unit on the edge of the market well below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 8.5% of the price here. On a 100 m² apartment at the average price that is roughly $24,705 on top of the $290,650 purchase price. That is below the 10.3% median across the set, which shortens the time it takes for a purchase to break even. Against the Cambodia national average of $2,686, Phnom Penh carries a 8.2% premium — the gap between this market and the country as a whole.

What it earns

A square metre lets for about $12.9 a month. Against a purchase price of $2,907 per square metre that is 5.3% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 109th of 269 markets by gross yield. Rental income is taxed at 10–14% — the rate is not a single number here. That is the difference between 4.6% and 4.8% net on the same property. The 4.6% net figure we publish uses 14%.

How the tax works. 14% withholding on the gross rent paid to a non-resident, with no deductions and final (Law on Taxation 2023 art. 33). Resident individual landlords pay 10% instead under the Tax on House and Land Rent, which is the lower end of the band. With a private tenant there is no withholding agent, so the owner self-declares. Source: PwC / Andersen KH.

Who can buy in Phnom Penh

Strata-title freehold; land not permitted. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.

How this figure is built

The price figure for Phnom Penh is built from asking prices from listings. It was last refreshed on 2026-10-17. We rate our confidence in this market’s data low — treat the figures as indicative and check them before acting. We recompute every market the same way, which is what lets Phnom Penh be compared with a country average or another city.

Sources: Numbeo city page · numbeo.com. Snapshot: 2026-10-17.