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The average price per square meter for a Property For Sale in Phnom Penh is $1,994, which is 1% above the average price per square meter in Cambodia that is $1,980.
Phnom Penh is the spirited capital of Cambodia, lying mostly west of the intersection between the Mekong River and the Tonlé Sap and Basaac Rivers, and owing notable architecture and stylistic features to the storied history of French colonisers and the Khmer regime. Visitors and residents alike always enjoy a visit to the impressive art deco Central Market, or just a simple stroll along the riverfront with lots to enjoy from parks to restaurants in the fabulous Sisowath Quay location.
Tourism is a strong part of the economy of this ASEAN business hub, especially as new commercial and shopping centres open up; expats as well appreciate the smattering of international schools available. The latest census in 2012 reported a population of 1.5 million residents of Phnom Penh with a 4% rate of growth. Economic growth rates of late have been in the double digits and have led to a period of relative splendor for developers and investors, seeing new sky-rises, hotels, restaurants and condo & french villa projects jumping out of the ground, with property prices seeing a rise as well.
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