Cambodia reached 5.3 per cent growth in 2024 which was largely founded on the increased tourism development as well as exports, while the property market has not yet seen the revitalisation experiences pre-pandemic.
According to the World Bank’s Cambodia Economic Update: From Recovery to Resilience: Harnessing Tourism and Trade as Drivers of Growth this expected increase is better than the 5 per cent seen in 2023 and highlights the Kingdom’s resilience and strategic focus on key economic sectors. The most recent predictions from the World Bank for Cambodia in the short-term anticipate growth of 6.1 per cent in 2025 and 6.4 per cent in 2026.
Cambodia is also in line to welcome approximately 6.7 million international tourists by the end of 2024, which would surpass the pre-COVID-19 milestone of 6.6 million visitors (recorded in 2019) for the first time.
In Phnom Penh, between January and October 2024- there have been 516 construction projects with a combined investment capital of US $1 billion.
With these positives on the economic front, what developments can we see handovers for in Cambodia in 2025, which will add to the existing stock of property and might be of interest to local and international buyers?
You can also read more about the top Cambodian infrastructure projects in 2025.
Six Phnom Penh Property Developments To Keen An Eye On in 2025
Le Conde BKK1 - Award-Winning Property
Le Condé BKK1 (located in the Boeung Keng Kang 1 district of the capital) offers not only a desirable and prime location but also exceptional amenities. The development is a mixed-use luxury development and includes the BKK Avenue Retail Store, a 240-meter sky jogging track, an indoor swimming pool, a fitness centre, a children's play area and a sky garden as well as an infinity pool, and a 24/7 concierge service.
Developed by Wangfu International Real Estate Development Co., Ltd, the 43-story property comprises residential, commercial, and business offerings and is surrounded by multinational enterprises, schools, international organisations, and luxurious restaurants.
The property consists of 4 different types of fully furnished units including studio, one-bedroom, two-bedroom and three-bedroom with integrated smart home features.
Le Condé BKK1 was the winner of multiple awards including the Home Condominium Development of the Year and the Premium Condominium Development of the Year at Cambodia Real Estate Awards 2024.
Time Square 5 (Time Square 306)
The Phnom Penh luxury real estate development Time Square 306 (commonly known as Time Square 5) had a successful topping-off ceremony in Boeung Keng Kang 1 in the Cambodian capital in September 2024.
This 45-floor project offers modern, spacious units close to essential city landmarks and entertainment hubs, offering convenience and luxury in one of Phnom Penh’s most desirable neighbourhoods.
The condominium project is from Megakim World Corp. and has 350 properties which offer extensive amenities, with the building providing a lobby cafe, gym, kids’ play area, games rooms, an infinity pool, and a garden deck, designed to cater to a modern lifestyle.
Diamond Bay Garden
Diamond Bay Garden is a mixed-used development in Phnom Penh that offers private luxury and contemporary residences with panoramic views over the Mekong, Tonle Sap, and Bassac Rivers
The property entices with waterfront living in Koh Pich district which is a growing business area with more than 700 businesses but also within walking distance of parks, riverwalks, office spaces, and an increasing number of restaurants, cafes and entertainment venues.
The 39-story, award-winning waterfront Diamond Bay Garden condominium provides residents with a range of living options, such as studios to family-friendly three-bedroom units. On-site there is a swimming pool with views of the Bassac River, Sky Garden & Sky Bar, Gym & yoga room, and a children’s Playground.
The top 10 floors of Diamond Bay Garden will be managed by Ascott under the Somerset brand, which is well-suited for business travellers, expatriates, and tourists.
The property was the recipient of the Premium Condominium Unit Design Of The Year and Waterfront Condominium Development of the Year at the Cambodia Real Estate Awards 2024.
Urban Village - Phase 2
The second phase of the Urban Village development, Urban Village Phase 2, is a 51-story residential tower offering luxury living with 1,700 residential units that range from three-bedroom, two-bedroom, one-bedroom, and loft layouts.
The green spaces, amenities and facilities are designed to cater to its residents offering a mix of tranquil living in a desirable location of the capital. There are parks, a swimming pool, relaxation areas, a fitness centre, restaurant while the properties have high-tech home systems.
Spanning an expansive 760,000 sq/m, Urban Village Phase 2 is a community-focused development strategically positioned between Hun Sen Blvd. and National Road 2.
Attractive to local & international buyers, the condo is due for handover in 2025 and from an experienced developer in real estate with a proven track record the topping-out ceremony was held at the start of 2024.
Find out what some of the most desirable amenities in the capital’s condo developments are.
Royal Platinum Condominium
The Royal Platinum Condominium is a high-end mixed-use development located in Toul Kork in Phnom Penh and developer Royal Hong Lai Huat One Company Limited is delivering a project consisting of two main towers and consists of a total of 851 residential units across 28-storeys.
There is a range of properties from studio units to 4-bedroom penthouses and every unit has a bathroom and kitchen essentials as well as offering city views, with the condo designed by Singapore century-old Architecture firm, Swan & Maclaren.
The property has several themed swimming pools, gym/fitness facilities, a sauna, a private lounge and a half basketball court. gardens and is in close proximity to essential shops and restaurants (the ground floor is an in/outdoor Shopping Boulevard), as well as schools, hospitals and other businesses.
LA VISTA ONE
The 140m tall 41-storey twin-tower LA VISTA ONE is located in Chroy Changvar in Phnom Penh at the intersection of the Mekong and Tonle Sap Rivers.
Based along the waterfront and designed with a natural landscape, the residential units are made with quality furnishings while the onsite amenities include an infinity pool, private catering, sky bar and restaurant, VIP lounge, a sky garden, sauna, and a fitness centre. There are also two levels of underground parking and the residential units sit on top of a retail podium.
The 5,000-square-meter large-scale private leisure club inside the project speaks of its intentions to cater for a luxury lifestyle and most properties have scenic views of the Mekong River.
The development offers studio, 1, 2 and 3 bedroom units and a High Guaranteed Rental Returns (GRR) starting from 6 per cent increasing to 8 per cent over 3 years.
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