[TOP] 10+ Cheap Condos for Sale in Phnom Penh – APS Cambodia

Phnom Penh has become one of Southeast Asia’s most active residential property markets. Rapid urban growth, rising middle-class demand, and increasing foreign investment continue to drive condominium development across districts such as BKK1, Toul Kork, Daun Penh, and emerging areas like Meanchey and Chroy Changvar. For many buyers, condos provide a practical entry into Cambodia’s property market because strata titles allow straightforward ownership for both locals and foreigners.

In this guide, a “cheap condo for sale in Phnom Penh” refers to units that sit below the city’s median condo value, which commonly ranges around USD 120,000–130,000 depending on location and size. Affordable options typically include compact studios or smaller one-bedroom units in central districts, as well as larger apartments in developing neighborhoods where land costs remain lower.

This curated list highlights projects where buyers can secure strong value relative to location, amenities, and rental demand. APS Cambodia, a professional brokerage and property services firm, manages extensive residential listings and provides in-house property management support for investors and homeowners. By combining current listings with local market knowledge, this guide helps buyers identify affordable condo opportunities with credible long-term potential.

Best Cheap Condos for Sale in Phnom Penh

1. Time Square Project

1.1 Time Square 8 – Russian Market (Toul Tumpung)

Time Square 8 sits near the well-known Russian Market area in Chamkarmon. The project attracts both investors and live-in owners because of its central location and steady expat demand. Compared with similar projects in BKK1, units here provide competitive entry prices while maintaining strong rental appeal.

The building offers practical layouts and standard condominium facilities, making it suitable for buyers who want an affordable asset in a high-activity neighborhood with restaurants, offices, and retail nearby.

• Typical price band: Competitive entry pricing for central Phnom Penh units
• Unit types: 1-bedroom, 2-bedroom, and 3-bedroom layouts (approx. 47–111 sqm)
• Amenities: Pool, gym, parking, 24-hour security
• Target buyers: Investors seeking rental demand from expats and young professionals
• Investment angle: Russian Market area maintains stable occupancy rates

Available units through APS Cambodia:

• 47 SQM 1 Bedroom Condo – compact layout with strong rental demand: https://aps.com.kh/properties/47-sqm-1-bedroom-condo-for-sale-time-square-8-russian-market-phnom-penh
• 88 SQM 2 Bedroom Condo – balanced size for small families: https://aps.com.kh/properties/88-sqm-2-bedroom-condo-for-sale-time-square-8-toul-tumpung-phnom-penh
• 111 SQM 3 Bedroom Condo – larger layout with competitive value vs BKK1: https://aps.com.kh/properties/111-sqm-3-bedroom-condo-for-sale-time-square-8-toul-tumpung-phnom-penh
• 60 SQM 1 Bedroom Condo – flexible layout for resale or rental: https://aps.com.kh/properties/60-sqm-1-bedroom-condo-for-sale-time-square-8-toul-tumpung-phnom-penh-2

Contact APS Cambodia to arrange a viewing or request current pricing.

1.2 Time Square 5 – BKK1 (Boeng Keng Kang 1)

Time Square 5 sits inside the BKK1 district, one of Phnom Penh’s most established residential and commercial neighborhoods. Smaller units allow buyers to enter this premium district at a lower price point compared with luxury developments nearby.

Because BKK1 remains the preferred location for expatriates, diplomats, and international companies, even compact units maintain strong rental demand and liquidity in the resale market.

• Typical price band: Below the average for BKK1 entry units
• Unit types: 1-bedroom and larger family apartments
• Amenities: Pool, fitness center, secure parking, lobby services
• Target buyers: Investors focused on stable rental demand
• Investment angle: High expat demand supports strong rental yields

Available units through APS Cambodia:

• 1 Bedroom Condo: https://aps.com.kh/properties/1-bedroom-condo-for-sale-time-square-5-bkk1-phnom-penh-3
• 3 Bedroom Condo: https://aps.com.kh/properties/3-bedroom-condo-for-sale-time-square-5-bkk1-phnom-penh

Contact APS Cambodia for availability and pricing updates.

1.3 Time Square 3 – Toul Kork

Time Square 3 is located in Toul Kork, a district known for international schools, shopping centers, and residential communities. Property prices here typically remain lower than BKK1 while demand from families and young professionals continues to grow.

This balance between accessibility and affordability makes Toul Kork a practical district for buyers seeking long-term capital appreciation.

• Typical price band: Lower than central Chamkarmon and BKK1 projects
• Unit types: 2-bedroom apartments suited to professionals and small families
• Amenities: Pool, parking, security, shared facilities
• Target buyers: End-users and investors seeking family-friendly neighborhoods
• Investment angle: Growing residential demand near schools and offices

Available units through APS Cambodia:

• 2 Bedroom Condo: https://aps.com.kh/properties/2-bedroom-condo-for-rent-time-square-3-toul-kork-phnom-penh-2

Contact APS Cambodia for availability and pricing updates.

2. RF Miro – Meanchey District

R&F Miro sits in the Meanchey district, one of Phnom Penh’s expanding residential corridors. Compared with central districts, condo prices here often remain significantly lower, yet infrastructure improvements and mixed-use developments continue to attract residents and investors.

The project offers modern facilities and compact units suited for buyers entering the market at lower capital levels.

• Typical price band: Often below city averages
• Unit types: Studios and 1-bedroom units (approx. 35–50 sqm)
• Amenities: Pool, gym, retail podium, security
• Target buyers: Entry-level investors or first-time condo buyers
• Investment angle: Rental demand from nearby industrial zones and offices

Available units through APS Cambodia:

• Studio unit: https://aps.com.kh/properties/38sqm-studio-condo-for-sale-rf-miro-mean-chey-phnom-penh

Contact APS Cambodia for availability and pricing updates.

3. City View – Daun Penh

City View places buyers close to Phnom Penh’s historic core and riverfront business district. Smaller studios in this project allow investors to secure a central address without paying the premium typically associated with CBD properties.

• Typical price band: Lower entry pricing for city-center property
• Unit types: Compact studios and small 1-bedroom units
• Amenities: Pool, fitness area, security
• Target buyers: Investors targeting short-term or serviced rental demand
• Investment angle: Proximity to government offices and the riverside tourism area

Available units through APS Cambodia:
Studio unit: https://aps.com.kh/properties/44sqm-studio-condo-for-sale-city-view-duan-penh-phnom-penh

Contact APS Cambodia for availability and pricing updates.

4. La Vista One – Chroy Changvar

La Vista One sits along the Chroy Changvar peninsula across the river from Phnom Penh’s central districts. Bridge connectivity and ongoing development have increased demand for residential units in this area.

• Typical price band: Lower than Chamkarmon and Tonle Bassac
• Unit types: Studios, 1-bedroom, and larger apartments
• Amenities: Pool, sky facilities, gym, parking
• Target buyers: Investors and young professionals seeking riverside living
• Investment angle: Growth driven by new bridges and infrastructure

Available units through APS Cambodia:
1 Bedroom Condo: https://aps.com.kh/properties/1-bedroom-condo-for-sale-la-vista-one-chroy-changva-phnom-penh

5. Royal Platinum – Toul Kork

Royal Platinum provides an accessible entry point into Toul Kork’s residential market. The project appeals to both students and professionals working in nearby business districts.

• Typical price band: Lower than BKK1 projects with similar facilities
• Unit types: Studios and 1-bedroom apartments
• Amenities: Gym, parking, security, shared facilities
• Target buyers: End-users and small investors
• Investment angle: Stable rental demand from nearby universities

Available units through APS Cambodia:
Studio unit: https://aps.com.kh/properties/50-sqm-studio-condo-for-sale-royal-platinum-toul-kork-phnom-penh

6. UC88 – BKK1 (Small Units Focus)

UC88 provides compact studios and small apartments inside BKK1. While larger luxury units in this district command high prices, smaller layouts provide a cheaper entry for buyers seeking a prime address.

• Typical price band: Entry-level pricing for BKK1
• Unit types: Studios and 1-bedroom apartments
• Amenities: Pool, gym, concierge, parking
• Target buyers: Investors targeting the expatriate rental market
• Investment angle: Prime location supports resale liquidity

Available units through APS Cambodia:
Studio unit: https://aps.com.kh/properties/35sqm-studio-for-sale-uc88-bkk1-phnom-penh

7. Kingstone Royal Condominium – Meanchey

Kingstone Royal Condominium sits in a rapidly developing corridor where residential demand continues to increase as infrastructure expands.

• Typical price band: Often lower than central districts
• Unit types: Studios, 1-bedroom, and 2-bedroom units
• Amenities: Pool, retail space, parking
• Target buyers: Investors seeking lower entry costs
• Investment angle: Potential capital growth as Meanchey urbanizes

Available units through APS Cambodia:
1 Bedroom unit: https://aps.com.kh/properties/1-bedroom-condo-type-i-for-sale-kingstone-royal-condominium-meanchey-phnom-penh-2

8. Grand Condo 7 – Chroy Changvar

Grand Condo 7 provides compact units in a river-adjacent district that continues to attract new developments and residential communities.

• Typical price band: Entry-level investment pricing
• Unit types: Studios and small apartments
• Amenities: Parking, security, shared facilities
• Target buyers: First-time property investors
• Investment angle: Low capital entry with improving neighborhood infrastructure

Available units through APS Cambodia:
Studio unit: https://aps.com.kh/properties/38sqm-studio-condo-for-sale-grand-condo7-chroy-chnagvar-phnom-penh

Contact APS Cambodia for availability and pricing updates.

9. Urban Loft – Phnom Penh Thmey

Urban Loft targets residents who prefer a quieter district while remaining within commuting distance of Phnom Penh’s business centers.

• Typical price band: Competitive suburban pricing
• Unit types: 1-bedroom and 2-bedroom units
• Amenities: Pool, gym, parking
• Target buyers: Families and young professionals
• Investment angle: Residential migration from borey housing to condos

Available units through APS Cambodia:
2 Bedroom unit: https://aps.com.kh/properties/2-bedroom-condo-for-sale-urban-loft-phnom-penh-thmey-phnom-penh

Contact APS Cambodia for availability and pricing updates.

10. City View (Alternative Layouts) – Daun Penh

Some stacks within the City View development remain competitively priced due to layout or floor position differences. These units provide investors with access to the CBD while maintaining lower entry costs.

• Typical price band: Entry pricing within the CBD area
• Unit types: Studios and compact 1-bedroom units
• Amenities: Pool, security, shared facilities
• Target buyers: Investors focused on central rental demand
• Investment angle: CBD location supports long-term liquidity

Available units through APS Cambodia:
Studio unit: https://aps.com.kh/properties/34sqm-studio-condo-for-sale-city-view-duan-penh-phnom-penh

Contact APS Cambodia for availability and pricing updates.

Understanding “Cheap” Condos in Phnom Penh’s Market Context

Phnom Penh’s condo market spans a wide price range depending on district, building quality, and unit size. Average pricing across the city often ranges between USD 1,600 and USD 3,000 per square meter, with prime districts such as BKK1 and Tonle Bassac sitting at the higher end.

In practical terms, cheap condos typically fall below the city’s median property value. Many studios or small one-bedroom units can be found below USD 100,000–120,000, particularly in emerging districts such as Meanchey, parts of Chroy Changvar, or Phnom Penh Thmey.

These units should not be confused with poor-quality developments. Instead, they often reflect lower land prices, smaller unit sizes, or early-stage project pricing.

APS Cambodia evaluates developers, project quality, and management standards before presenting listings to buyers. This screening process helps investors secure value without compromising construction quality or long-term asset stability.

How to Choose the Right Cheap Condo for You?

Selecting the right affordable condo requires balancing price with long-term investment fundamentals. Buyers should assess location, layout efficiency, and developer credibility before committing.

Key considerations include:

• Location vs budget: Fringe districts offer lower prices, while central areas often provide stronger resale liquidity.
• Unit size and layout: Studios attract single tenants, while 1- or 2-bedroom units appeal to couples and families.
• Developer reputation: Construction quality and building management affect resale value and maintenance costs.
• Monthly ownership costs: Service charges, sinking funds, parking fees, and utilities influence overall affordability.
• Foreign ownership rules: Condominiums allow foreigners to legally own strata units, typically within a building’s 70% foreign ownership quota.

Careful analysis of these factors helps buyers avoid short-term decisions that could limit future resale or rental potential.

How APS Cambodia Supports Buyers from Search to Management?

APS Cambodia provides integrated real estate services that support buyers throughout the full investment cycle—from property search to long-term management.

The company operates across residential and commercial property sectors, managing more than 900,000 square meters of assets including condominiums, offices, retail spaces, and serviced apartments. This operational experience gives investors access to real-time market insights and professional management support.

APS Cambodia assists buyers through:

• Brokerage & leasing: Identifying suitable affordable condos, arranging viewings, and negotiating purchase terms.
• Valuation & advisory: Providing market insights so buyers understand fair value rather than relying solely on listing prices.
• Property management: Tenant sourcing, rent collection, maintenance coordination, and performance reporting.
• Portfolio strategy: Helping investors scale from a single condo purchase into diversified property portfolios.

Working with APS Cambodia helps buyers:

• Save time during property search
• Avoid legal and documentation mistakes
• Secure reliable tenants quickly
• Maintain property condition through professional management
• Optimize rental income and long-term value
• Plan exit strategies when market timing is favorable

Frequently Asked Questions (FAQs)

Can foreigners buy cheap condos in Phnom Penh?

Yes. Cambodia allows foreign nationals to own strata-title condominium units above the ground floor. Up to 70% of units in a building can be foreign-owned, making condos the most straightforward property type for international buyers.

Are cheap condos safe investments or is there too much supply?

Supply increased during recent development cycles, but demand continues from expatriates, young professionals, and local buyers upgrading from landed housing. Projects in established districts or near employment centers generally maintain stronger occupancy.

What hidden costs should I budget for besides the condo price?

Buyers should plan for transfer taxes, service charges, sinking fund contributions, maintenance costs, and utility connections. These costs vary by project but remain manageable compared with many regional markets.

Can APS Cambodia help me rent out my condo after I buy?

Yes. APS Cambodia provides full property management services, including tenant sourcing, rent collection, inspections, and maintenance coordination. This allows investors to manage their property efficiently even if they live overseas.