Foreigners Buying Phnom Penh Condos for Under $95K — What’s Really Going On?
Own a fully-loaded condo in the city center with 24/7 security, rooftop pool, and zero shared ownership drama.
Finding affordable condos for sale in Phnom Penh for foreigners isn’t hard these days. Prices start at just $50,000 for studio units in growing areas. There are many affordable condos for sale in Phnom Penh for foreigners that offer great value with amenities like pools, gyms, and 24-hour security.
What You Need to Know About Affordable Condos for Sale in Phnom Penh for Foreigners
Cambodia has changed its laws to welcome foreign property buyers. Since 2010, non-Cambodians can buy condos above the ground floor. This has made Phnom Penh condos for foreigners a hot market. The city offers some of Southeast Asia’s best property values in 2025.
Key Takeaways About Affordable Condos in Phnom Penh:
- Legal Framework: Foreigners can only own units above ground level, with a 70% cap on foreign ownership per building. This rule shapes the condo market, creating clear options for international buyers while keeping some properties for local buyers.
- Price Points: Studio units start around $50,000, with one-bedroom options from $80,000. These prices make Phnom Penh much cheaper than Bangkok, Singapore, or Ho Chi Minh City for similar quality homes.
- Best Areas: Russian Market (Toul Tompoung), Meanchey, and parts of Toul Kork offer quality developments at lower prices than premium areas like BKK1. These growing neighborhoods give you the best bang for your buck.
- Tax Benefits: New tax breaks in 2025 include stamp duty exemptions for properties under $210,000. This saves foreign buyers thousands on purchase costs and makes entry into the market easier.
- Rental Returns: Properties earn 5-8% rental yields depending on location. This beats regional options like Bangkok (3-5%) and Singapore (2-3%), making Phnom Penh a smart investment choice.
Why Foreigners Are Buying Condos in Phnom Penh in 2025
The Phnom Penh condo market is bouncing back after a correction period. With Cambodia’s economy growing at 6.1% in 2025, property values are climbing again. Here’s why more foreigners are jumping in:
- Starting prices under $95,000 for quality units
- Strong rental yields of 5-8% (much higher than regional options)
- Phnom Penh condo prices 30-50% lower than similar units in Bangkok or Ho Chi Minh City
- Simple foreigner condo ownership Cambodia laws
- No citizenship or residency needed to buy
- Properties sold in US dollars (no currency risk)
- New tax breaks for properties under $210,000
The Legal Side: Foreigner-Friendly Laws
Cambodia made it easy for foreigners to own condos with the 2010 Foreign Ownership Property Law. As a foreign buyer, you should know:
- You can buy any unit above ground level
- Foreign ownership is capped at 70% of units in any building
- You need a property with strata title (which separates your unit from the land)
- The purchase process is straightforward with established developers
These Phnom Penh condo ownership laws are much simpler than in many neighboring countries. There’s no need for local nominees or complex company structures – you can own directly in your name.
Top Areas for Affordable Phnom Penh Condos for Foreigners
Not all areas of Phnom Penh offer the same value. Here’s where to look for the best deals:
1. Russian Market (Toul Tompoung)
The Russian Market area has become a favorite for expats who want local flavor with modern comforts. Affordable Phnom Penh condos here start around $1,400-$1,700 per square meter.
What’s great: Vibrant street life, tons of cafes and restaurants, good rental demand from young professionals and expats.
Property highlight: Time Square 8 offers units starting at $46,200 for one-bedroom configurations (40-60 sqm). Features include a 40-meter infinity sky pool, sky lounge, and art gallery.
2. Meanchey District
This southern district offers some of the best values in the city. Phnom Penh condo prices here run about 30-40% lower than central areas.
What’s great: Improving infrastructure, up-and-coming area, highest rental yields in the city (7.5-9%).
Property highlight: The Royal Condominium offers units from $65,000 with amenities including a pool, gym, and garden.
3. Toul Kork
Once overlooked, Toul Kork has grown into a desirable area with more affordable Phnom Penh condos than the city center.
What’s great: Good schools and universities, growing middle-class neighborhood, easy access to central areas.
Property spotlight: Urban Village (Phase 2) has units starting from $71,000 with modern amenities and co-working spaces.
4. Sen Sok District
Located in northwest Phnom Penh, Sen Sok offers good value with improving connections to the city center.
What’s great: Home to Aeon Mall, growing commercial area, new road connections.
Property options: Several new developments with starting prices from $70,000-$80,000 for one-bedroom units.
Current Affordable Condo Developments in Phnom Penh for Foreigners
Let’s look at some top Phnom Penh condo projects that offer great value:
1. ONE 70 Phnom Penh
Located in Daun Penh district near the French Embassy, ONE 70 offers:
- Studio units from $56,298 (around $1,500/sqm)
- One-bedroom units from $88,475
- 37 floors with roof garden, sky bar, restaurant, spa, swimming pool, and gym
2. Time Square 8
A standout in the Russian Market area with:
- One-bedroom units from $46,200 (40-60 sqm)
- Two-bedroom units from $76,450 (73-88 sqm)
- 40-meter infinity sky pool, sky lounge, and art gallery
3. Time Square 6/302
Located in the upscale BKK1 area:
- One-bedroom units from $93,000
- Great location in Phnom Penh’s premier district
- Access to city center amenities
4. Urban Village (Phase 2)
Modern living in Sen Sok district:
- Units starting from $71,000
- 45-90 sqm options
- Co-working space, retail areas, and modern design
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Price Comparison: Why Phnom Penh Offers Great Value
Let’s compare Phnom Penh condo prices with other Southeast Asian cities:
| City | Entry-Level 1BR Condo | Mid-Range 1BR Condo | Premium 1BR Condo |
|---|---|---|---|
| Phnom Penh | $50,000-$80,000 | $80,000-$120,000 | $120,000-$200,000 |
| Bangkok | $100,000-$150,000 | $150,000-$250,000 | $250,000-$500,000 |
| Ho Chi Minh | $80,000-$120,000 | $120,000-$200,000 | $200,000-$400,000 |
| Kuala Lumpur | $70,000-$100,000 | $100,000-$180,000 | $180,000-$350,000 |
| Singapore | $300,000-$500,000 | $500,000-$800,000 | $800,000+ |
This table shows why affordable condos for sale in Phnom Penh for foreigners draw so much interest. You get similar or better quality at a fraction of the cost.
Understanding Rental Returns on Phnom Penh Condos
Many foreigners buy condos in Phnom Penh as investments. Here’s what you can expect for rental yields:
| District | Gross Rental Yield | Net Rental Yield |
|---|---|---|
| BKK1 | 6.0-7.5% | 4.5-6.0% |
| Russian Market | 7.0-8.5% | 5.5-7.0% |
| Toul Kork | 6.5-8.0% | 5.0-6.5% |
| Daun Penh | 5.5-7.0% | 4.0-5.5% |
| Meanchey | 7.5-9.0% | 6.0-7.5% |
These Phnom Penh condo investment returns beat what you’d get in most developed markets. Even with management fees and taxes, net yields remain strong.
The Buying Process: How to Own a Phnom Penh Condo as a Foreigner
The foreigner condo ownership Cambodia process is straightforward:
- Property Selection: Choose a condo that fits your budget and needs
- Due Diligence: Check developer reputation and building permits
- Deposit: Typically 10-30% to secure the unit
- Contract: Sign a sale-purchase agreement
- Payment: Make payments based on construction progress or in full for completed units
- Registration: Complete the title transfer at the Land Office
- Taxes and Fees: Pay applicable taxes (reduced in 2025 for properties under $210,000)
Most Phnom Penh condo developers offer payment plans stretching 1-5 years, making entry even more affordable.
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Common Questions About Affordable Condos for Sale in Phnom Penh for Foreigners
Can foreigners really own property in Cambodia?
Yes! Foreigners can legally own condos (not land) through the Phnom Penh strata title condo system. You’ll own your unit outright with your name on the title.
What are the ongoing costs?
Expect to pay:
- Management fees ($0.50-$1.50 per sqm monthly)
- Annual property tax (0.1% of property value above $25,000)
- Utility bills
- Income tax on rental income (if applicable)
Is it safe to buy pre-construction?
It can be, but stick with established developers with a track record. The Phnom Penh condo ownership process is safest with completed buildings or from developers with multiple finished projects.
What kind of returns can I expect?
Most investors see 5-8% gross rental yields, with net yields of 4-7% after expenses. Capital appreciation adds to your total return as the city grows.
Tips for Finding the Best Affordable Condos in Phnom Penh
- Work with reputable agents: Companies like DaBest Properties specialize in helping foreigners find quality options.
- Consider location carefully: Proximity to restaurants, shops, and transportation adds value and rental appeal.
- Check developer track records: See their guide to foreign property ownership for tips on choosing reliable developers.
- Take advantage of 2025 tax breaks: Learn about Cambodia’s 2025 property tax incentives that can save you money on your purchase.
- Visit before buying: Nothing beats seeing properties and neighborhoods in person. Check out video tours on YouTube if you can’t visit right away.
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Case Studies: Real Investors in Phnom Penh’s Affordable Condos
UK Investor in BKK1
A British investor bought a one-bedroom condo in BKK1 for $120,000 in 2018:
- Current value (2025): $132,000
- Monthly rental: $800
- Gross yield: 8.0%
- Net yield: 6.5%
- Capital growth: 10% over 7 years
Despite modest appreciation due to market corrections, strong rental income has made this a solid investment.
Singaporean Investor in Russian Market Area
A Singaporean investor bought two studio units near Russian Market in 2022:
- Combined purchase: $110,000 ($55,000 per unit)
- Monthly rental: $700 ($350 per unit)
- Gross yield: 7.6%
- Net yield: 5.9%
- Occupancy rate: Over 90%
The investor bought during a buyer’s market and enjoys steady income from young professionals and digital nomads.
Why Cambodia Appeals to Foreign Property Buyers
Cambodia offers unique benefits that make it stand out for property investors:
- Growing economy: 6.1% GDP growth projected for 2025
- Young population: Nearly 65% under 30 years old
- Dollarized economy: Properties priced and rented in US dollars
- Simple ownership laws: No complex structures needed
- Low property taxes: Minimal ongoing costs
- No foreign exchange controls: Easy to move money in and out
- No inheritance tax: Simpler estate planning
These factors create a friendly environment for foreign investors looking at affordable condos for sale in Phnom Penh for foreigners.
Investment Strategies Based on Your Budget
Entry-Level Budget ($50,000-$80,000)
- Focus on studio or one-bedroom units in Meanchey or Sen Sok
- Look for developments with good amenities
- Target 7-9% gross rental yields
- Consider pre-construction with payment plans
Mid-Level Budget ($80,000-$120,000)
- Explore one-bedroom or small two-bedroom units in Russian Market or Toul Kork
- Balance rental yield (6-8%) with appreciation potential
- Consider dividing your budget between two smaller units
- Look at both new developments and resale opportunities
Upper-Level Budget ($120,000-$200,000)
- Consider premium units in BKK1 or Daun Penh
- Focus on developments with proven track records
- Accept lower yields (5-7%) for stronger appreciation
- Look for unique features (river views, premium amenities)
Final Thoughts on Affordable Condos for Sale in Phnom Penh for Foreigners
Phnom Penh offers rare value in today’s property market. With condos starting under $95K, strong rental returns, and simple ownership rules, it’s no wonder foreign buyers are taking notice.
The best time to buy is now, while prices remain 30-50% lower than similar regional options. The market correction has created buying opportunities, but with 6.1% economic growth, prices won’t stay this low forever.
Want to see these affordable condos for sale in Phnom Penh for foreigners for yourself? Contact DaBest Properties today to set up viewings of the best options on the market.
Helpful Resources for Foreign Condo Buyers in Phnom Penh
These sites offer more info on buying property in Cambodia:
- Global Property Guide – Cambodia – Shows price changes in Cambodia’s housing market
- The Wandering Investor Guide – Honest look at Phnom Penh property buying
- DaBest Properties Foreign Ownership Guide – Rights and rules explained simply
- Khmer Times Tax Guide – Property taxes in 2025
Use these resources along with professional help to find your perfect Phnom Penh condo.
