Phnom Penh: Prime Minister Samdech Moha Borvor Thipadei Hun Manet this morning announced that the housing market is experiencing a significant uptick, with current growth rates demonstrating greater resilience compared to previous periods.

According to Agence Kampuchea Presse, the announcement was made during the opening ceremony of the Cambodia Outlook Conference 2025, themed ‘Cambodia’s New Growth Strategy: Priorities for High Quality and Sustainable Development.’ The event, organised by the Cambodia Development Resource Institute (CDRI), took place at the Sokha Phnom Penh Hotel and Residence. The Prime Minister emphasized the recovery of the real estate sector as a key indicator of the nation’s economic health.

Prime Minister Hun Manet shared insights provided by H.E. Deputy Prime Minister Say Samal, the Minister of Land Management, Urban Planning and Construction, who noted that housing and real estate sales are on the rise again, although not yet matching the pace seen before the COVID-19 pandemic. The Premier described this as a positive sign, suggesting that the current growth reflects genuine, sustainable demand.

The Cambodian economy continues its gradual recovery following the pandemic, with Gross Domestic Product (GDP) growth projected at 5 percent in 2023 and 6 percent in 2024. The manufacturing sector, particularly garment and non-garment industries, has nearly returned to pre-pandemic levels, contributing to this economic resurgence.

Moreover, the agriculture and tourism sectors are exhibiting positive trends, with economic growth expected to exceed 6 percent in 2025. This overall economic optimism underscores the resilience and adaptability of Cambodia’s market in the face of global challenges.