Supply of Landed Property and Condo by Districts in Phnom Penh

• 22 April 2021
• Local News
• 4288 Views

By the end of 2020, the number of landed properties in Phnom Penh had increased to over 186,000 units while the number of condominiums had skyrocketed to over 109,000 units, according to research data from Z1 Data Co., LTD (Cambodia).

The same data also shows that comparing 2018 to the end of 2020, the number of landed properties, known as boreys in Cambodia, rose by 21%, while the number of units jumped more than 78%.

Of the total supply, more than 84% of the landed houses were sold while only 50% of condo supply was sold, leading to an imbalance of demand and supply.

The same research also summarised the supply situation in each district as of the end of 2020:

Toul Kork: 39 condominium projects in total or equivalent to 9,141 units. There are only about 2,000 landed property units in this district.

Russey Keo: Total of 17,279 landed property units, of which over 94% have been sold. There are a total of 25 condo projects or equal to 4,219 units, and only 41% were sold.

Sen Sok: This district has the highest number of condo projects, up to 100 projects or equivalent to 15% of the total condo supply in Phnom Penh, while the selling rate is about 43%. Meanwhile, there are about 25,867 landed property units, of which more than 90% have been sold.

Chroy Changvar: There are 10,403 landed property units or equal to 6% of the total supply of Phnom Penh. Meanwhile, the district has a total of 50 buildings or 11,564 units.

Dangkor: There are 35,387 landed property units, 77% of which were sold. There are only 196 condo units, and none have been sold.

Kambol: There are 10,809 landed property units and over 78% of which are sold out. This district has no condominium projects.

Por Sen Chey: There are 48,516 landed property units or 26% of the total supply in Phnom Penh, with more than 79% sold out. As for condos, there are about 2,400 units, 50% of which were sold.

Chbar Ampov: There are a total of 16,789 landed property units and 2,532 condominium units.

Chamkarmon: There are 81 condominium projects (28,000 units) or equal to over 26% of the total supply in Phnom Penh. This district has only 1,504 landed property units.

7 Makara: This district has only 310 landed property units, with over 31 condo projects or equivalent to 6,401 units.

Boeung Keng Kang: Condo units in this district account for 6% of the total in Phnom Penh, while the number of landed property units is only 998.

Daun Penh: There are 56 condominiums or equivalent to 4,411 units and 788 units of landed property.

Prek Pnov: There are a total of 4,011 houses, or equal to 2% of the total supply, but over 84% of which are sold.

• Analysis
• Business and Market
• Projects Development
• Urbanization and Architect