---
title: "Cambodia Market View · Tessaic"
description: "District-level data behind every Tessaic asset, with sources. Historical figures, describing districts, not any individual co-ownership interest."
url: https://tessaic.com/markets/cambodia/
---

# The Cambodian market, the way we read it

## The national picture
- Arrivals and tourism trend: Cambodia received a record 6.70 million international visitors in 2024, passing the 2019 peak of 6.61 million, with tourism revenue of 3.63 billion dollars (Ministry of Tourism, via Xinhua).
- Condominium supply: Phnom Penh's existing condominium stock reached 63,334 homes in late 2025, up 9.6 percent year on year, with developer launch pricing well below its long-term average (Knight Frank Cambodia, Real Estate Highlights H2 2025).
- Rental benchmark: Phnom Penh apartments posted gross annual rental income of 6.13 percent of property value in Q3 2025, among the strongest in regional capitals; net figures typically run 1.5 to 2 points lower (Global Property Guide).

## The district data
- Phnom Penh (city-wide): rental income TTM 6.1%, price gains 5-yr -15%, avg $2,500/sqm. Sources: Global Property Guide, IPS Cambodia, CBRE Cambodia
- BKK1, Phnom Penh: rental income TTM N/A, price gains 5-yr N/A, avg $2,000/sqm. Sources: realestate.com.kh
- Toul Kork: rental income TTM N/A, price gains 5-yr N/A, avg $1,450/sqm. Sources: realestate.com.kh
- Daun Penh / Riverside: rental income TTM N/A, price gains 5-yr N/A, avg N/A. Sources: N/A
- Chroy Changvar: rental income TTM 5.9%, price gains 5-yr N/A, avg $1,700/sqm. Sources: Global Property Guide, realestate.com.kh
- Siem Reap centre: rental income TTM N/A, price gains 5-yr N/A, avg N/A. Sources: N/A
- Sihanoukville (opening soon): rental income TTM n/a, price gains 5-yr N/A, avg N/A. Sources: N/A
- Kep (opening soon): rental income TTM n/a, price gains 5-yr N/A, avg N/A. Sources: Global Property Guide
- Kampot (opening soon): rental income TTM n/a, price gains 5-yr N/A, avg N/A. Sources: Global Property Guide
- Battambang (opening soon): rental income TTM n/a, price gains 5-yr N/A, avg N/A. Sources: N/A

All figures are historical market data from the sources cited, provided for context only. Not a forecast and not a representation of return on any Tessaic co-ownership interest.

## How we pick a district
1. Demand: who actually rents and buys in the district, and why they stay.
2. Stability: how the district behaved through soft years; we weight the drawdowns more than the peaks.
3. Supply discipline: what is being built against what can be absorbed.
4. Exit liquidity: whether fractions and whole assets actually trade at appraisal.

On every criterion we discount flattering sources and weight figures stated against interest.

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Tessaic offers direct fractional co-ownership of specific, identified properties in Cambodia. Tessaic is not a fund, a collective investment scheme, a security, or a managed investment product, and nothing on this site is an offer of, or a solicitation to acquire, any security or investment product in any jurisdiction. No co-ownership interest is offered or sold in the United States. Any rental, occupancy, or price figures shown describe historical, market-level data from the sources cited, are provided for general information only, are not a forecast, and are not a representation or guarantee of any return on any co-ownership interest. Property values and income can fall as well as rise. Co-ownership involves risk, including limited liquidity. Tax treatment depends on your individual circumstances and may change. We do not provide legal, financial, or tax advice. Obtain your own independent advice before acquiring any interest. Full structure, fees, and exit terms are set out in the ownership documents for each property.