Cambodia vs Thailand: Which Market Offers Higher Real Estate Growth?
Cambodia: high yield, higher risk
Phnom Penh is attracting capital from China, Japan, and Korea. The average price per square meter in the premium segment is $2,200–$3,000-a fraction of the price in Bangkok. Sihanoukville, after the casino boom, is undergoing a transformation: the government is cleaning up the market, and new regulations from 2024 increase protection for foreign buyers.
Key advantages:
- Dollarized economy - no currency conversion risk
- GDP growth of 5.5–6% annually, per World Bank projections
- Foreigners can own freehold from the first floor up
Thailand: stability and mature demand
Phuket welcomed over 9 million visitors in 2024, driving short-term rental demand to record levels. Koh Samui attracts digital nomads and retirees seeking lifestyle properties. Premium condo prices on Phuket sit at $5,000–$8,000 per sqm, with capital appreciation of 3–5% per year.
Thailand's strengths:
- Transparent legal system and well-regulated market
- World-class tourism infrastructure
- Strong, year-round short-term rental demand
The verdict
Cambodia offers higher growth potential for risk-tolerant investors. Thailand delivers safer, more predictable returns. The smartest play? Diversify across both markets.
Get personalized property recommendations
Our advisor will prepare a selection of properties matching your criteria and budget.
- 3-5 hand-picked properties matching your criteria
- Full cost analysis and investment potential overview
- Free consultation with a dedicated advisor