Phnom Penh received 89 new high-rise building projects with five floors or more in the first nine months of 2026. Despite facing global and regional economic challenges, Cambodia continues to attract steady investment in its real estate and construction sectors. A report from the Phnom Penh Department of Land Management, Urban Planning, and Construction confirmed these developments.

According to Sarin Vanna is the Director of the Phnom Penh Department of Land Management, Urban Planning, Construction and Cadastra,, the 89 high-rise projects are divided into different height categories. There are 65 projects with 5 to 9 floors, 16 projects with 10 to 19 floors, 5 projects with 20 to 29 floors, 2 projects with 30 to 39 floors, and 1 project with 40 floors or more.

Neak Oknha Dr. Sam Soknoeun, chairman of the SAM SN Group, noted that while many people predict the real estate market will face greater challenges in 2027, top investors and business leaders around the world continue to maintain their investments in real estate, technology, and construction.

The report also showed that by the end of September 2026, the department had issued permits for 512 construction projects. These included 225 projects under 500 square meters, 169 projects under 3,000 square meters, and 118 projects larger than 3,000 square meters. Among all these approved developments, 357 projects applied to begin construction.

These numbers indicate that despite current economic difficulties, investment activity in Cambodia’s real estate and construction industries remains active.

Published: October 24th, 2026