May 16, 2026Cambodia

Top Property Developers in Cambodia for Foreign Buyers in 2026

Cambodia's property market, centered on Phnom Penh, has attracted significant foreign investment since the 2010 Foreign Ownership Law opened condo ownership to non-Cambodians. The developer landscape includes Cambodian firms, Chinese-backed companies, Japanese groups, and regional players. Here is a factual overview of the developers most active in selling to foreign buyers.

How We Compiled This List

This is not a ranking or endorsement. Developers were identified based on active projects marketed to foreign buyers in 2025-2026, registration with the Ministry of Commerce of Cambodia, and completed projects that foreign buyers have purchased in. We checked corporate registrations through public company records where available.

Urbanland

Urbanland is one of Phnom Penh's most active developers, established in 2014. Their portfolio includes several condominium towers in Phnom Penh's core districts including BKK1, Chamkarmon, and Toul Kork. Notable projects include Urbanland The Embassy and various mixed-use developments. The company markets directly to both Cambodian and international buyers.

Urbanland's units are structured with strata titles that allow foreign ownership above the ground floor, compliant with the 2010 Law on Providing Foreigners with Ownership Rights in Private Units of Co-Owned Buildings (commonly called the Foreign Ownership Law). Pricing for Urbanland projects in central Phnom Penh ranges from approximately $2,000-$3,500/sqm. Information at urbanland.asia.

Prince Real Estate Group

Prince Real Estate Group is a major Cambodian developer with one of the largest project portfolios in Phnom Penh and Sihanoukville. Founded in 2015, the company has developed residential towers, commercial projects, and mixed-use developments. Their Phnom Penh projects include Prince Central Plaza and several residential tower developments.

Prince is one of the few Cambodian developers listed on the Cambodia Securities Exchange (CSX), which provides some financial transparency through regulatory filings with the Securities and Exchange Regulator of Cambodia (SERC). Their CSX listing means quarterly and annual financial reports are publicly available.

Prince's projects qualify for foreign ownership under the strata title system. Pricing varies widely by project and location, generally ranging from $1,500-$3,000/sqm.

OCIC (Overseas Cambodian Investment Corporation)

OCIC is one of Cambodia's largest development companies, responsible for major infrastructure and real estate projects. OCIC developed the Koh Pich (Diamond Island) reclamation project in Phnom Penh, which houses multiple residential towers, commercial buildings, and an exhibition center. The company is connected to prominent Cambodian business interests.

OCIC's residential projects on Koh Pich and in other areas of Phnom Penh include units eligible for foreign ownership. However, OCIC's corporate structure is less transparent than listed companies, and buyers should conduct thorough corporate due diligence.

Chip Mong Land

Chip Mong Group is one of Cambodia's oldest and largest conglomerates, with businesses spanning cement manufacturing, retail, banking, and real estate. Chip Mong Land, the real estate arm, has developed several condominium and mixed-use projects in Phnom Penh including the Chip Mong 271 Mega Mall residential towers.

Chip Mong's long corporate history (founded in 1982) and diversified business base provide more stability than newer, single-project developers. Their residential projects comply with the foreign ownership framework. Information at chipmongland.com.

Japanese-Backed Developers

Several Japanese companies have entered the Cambodian market, bringing construction standards and corporate practices that appeal to foreign buyers.

Creed Group (Japan) has developed multiple projects in Phnom Penh through joint ventures with local partners. Their projects feature Japanese-standard construction quality and are marketed to Japanese, regional, and Western buyers.

Arakawa Co., Ltd operates in the mid-to-upper residential segment in Phnom Penh. Japanese-backed projects typically feature higher construction quality and after-sales service compared to local developers, but at premium pricing.

Chinese-Backed Developers

Chinese investment dominated Cambodia's property market from approximately 2016-2019, particularly in Sihanoukville. Many of these developers have since scaled back or exited. However, some remain active.

Graticity Real Estate Development operates in Phnom Penh with residential tower projects. Chinese-backed developers in Cambodia have faced scrutiny following the Sihanoukville construction boom and bust, and buyers should exercise heightened due diligence regarding financial stability and project completion guarantees.

The Chinese developer exodus from Sihanoukville after the 2019 online gambling crackdown left multiple unfinished projects. Any Chinese-backed development, whether in Phnom Penh or elsewhere, should be evaluated carefully for financial stability and completion risk.

Sihanoukville: A Cautionary Note

Sihanoukville experienced an extreme boom-bust cycle from 2016-2020. Chinese investment poured in, primarily for casinos and associated developments. The Cambodian government's crackdown on online gambling in August 2019 triggered a mass departure of Chinese investors and developers, leaving hundreds of unfinished construction projects.

As of 2026, Sihanoukville is in a recovery phase, with the government promoting legitimate tourism and industrial development. However, many stalled projects remain unresolved, and buyers considering Sihanoukville should exercise extreme caution. The Preah Sihanouk Provincial Authority has been working to address abandoned developments, but progress is slow.

Due Diligence for Foreign Buyers

Due diligence in Cambodia requires more effort than in markets with stronger regulatory frameworks.

Verify the developer's registration with the Ministry of Commerce. Confirm the project's construction permit from the Ministry of Land Management, Urban Planning and Construction (MLMUPC). Check that the project has received an Environmental Impact Assessment (EIA) where required.

For condominium purchases, verify that the building's strata title registration has been completed or is in process with the MLMUPC. Without a strata title, you cannot obtain a foreign ownership title (a hardtitle in your name). Many buildings in Cambodia, particularly older ones, operate without strata title, which means foreign ownership is not legally possible.

Engage a Cambodian law firm with experience in real estate and foreign ownership. The Bar Association of the Kingdom of Cambodia (BAKC) maintains a list of licensed lawyers.

For independent property data and developer research in Cambodia, Bektu provides transparency resources for foreign buyers evaluating the market.

Bottom Line

Cambodia's developer market is less regulated and less transparent than markets in Europe or developed Asia. The safest bets for foreign buyers are established Cambodian conglomerates (Chip Mong, OCIC) with diversified businesses and long track records, or listed companies (Prince) with mandatory disclosure requirements. Japanese-backed developers offer higher construction standards but at premium prices. Any Sihanoukville investment requires extreme caution. Always verify strata title eligibility before committing to any purchase.

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Top Property Developers in Cambodia for Foreign Buyers in 2026