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TESSAIC

TESSAIC

How Co-Ownership Works

Real ownership, shared sensibly. The model behind every Tessaic asset.
All of the Collection Phnom Penh Siem Reap Coastal · SihanoukvilleOpening soon Coastal · KepOpening soon Coastal · KampotOpening soon BattambangOpening soon Islands · Koh RongOpening soon Islands · Koh Rong SanloemOpening soon Coastal · Koh KongOpening soon Highlands · MondulkiriOpening soon Highlands · RatanakiriOpening soon Mekong · KratieOpening soon

CambodiaLive

Our live co-ownership market, with the district data behind it.

California & the USMarket view

Our corporate home. Market commentary only.

The Market Data Room

Every district and market table, with sources.
Phnom Penh cityscape at blue hour from above the river with warm building lights

Markets · Cambodia · Live

Read the Cambodian market the way we do.

District-level data behind every Tessaic asset, with sources. Historical figures, describing districts, not any individual co-ownership interest.

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).

6,700,125

international arrivals, 2024 · source: Cambodia Ministry of Tourism

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).

63,334

Phnom Penh condominiums, H2 2025 · source: Knight Frank Cambodia

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).

6.1%

gross rental income rate, Q3 2025 · source: Global Property Guide

National arrivals trend, annual

Series publishes here once verified
Source: N/A. Awaiting verified source data (GDT, MEF, and other primary sources).

The district data.

The centerpiece of how we underwrite. Sort it, question it, and ask us for the sources behind any line.

Source
Phnom Penh (city-wide) 6.1% -15% $2,500/sqm Global Property Guide, IPS Cambodia, CBRE Cambodia
BKK1, Phnom Penh N/A N/A $2,000/sqm realestate.com.kh
Toul Kork N/A N/A $1,450/sqm realestate.com.kh
Daun Penh / Riverside N/A N/A N/A N/A
Chroy Changvar 5.9% N/A $1,700/sqm Global Property Guide, realestate.com.kh
Siem Reap centre N/A N/A N/A N/A
Sihanoukville soon n/a N/A N/A N/A
Kep soon n/a N/A N/A Global Property Guide
Kampot soon n/a N/A N/A Global Property Guide
Battambang soon n/a N/A N/A 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.

  • 01

    Demand

    Who actually rents and buys in the district, and why they stay: agencies, expatriate postings, visitor flows, local professionals.

  • 02

    Stability

    How the district behaved through soft years, not just the good ones. We weight the drawdowns more than the peaks.

  • 03

    Supply discipline

    What is being built against what can be absorbed. Districts drowning in speculative strata supply do not clear our gate.

  • 04

    Exit liquidity

    Whether fractions and whole assets actually trade at appraisal. A price nobody transacts at is not a price.

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

Demand Stability Supply discipline Exit liquidity Example district, illustrative shape only
Illustrative. Per-district scoring publishes once the underlying figures are verified, and we discount flattering sources.

District and market figures are historical data shown for context. They are not a forecast or a promise of return on any co-ownership interest.

See Cambodian assets.

See Cambodian assets The Market Data Room