Cambodia: Asia's investment breakthrough and a country where Russian speakers are still welcome

When it comes to investing in real estate in Asia, familiar names immediately pop up in your head: Thailand, Bali, Vietnam. Cambodia is not usually included in this list. Not because she is worse — but because they know almost nothing about her.
Meanwhile, Cambodia today is becoming one of the most undervalued and promising markets in Southeast Asia.

Where is Cambodia in the first place — and why is it important

Cambodia is located in the heart of SEA, between Thailand, Vietnam and Laos, with access to the Gulf of Thailand. From Phnom Penh — the capital of the country — direct flights throughout Asia: Bangkok, Singapore, Kuala Lumpur, Hong Kong, Seoul.
This is not «the outback of Asia», but a strategically important point in the region, which has been developing slowly for a long time — and that is why it is now having a low base effect.

Cambodia today — is not at all what you are representing

The image of Cambodia stuck with many somewhere in the 70s. In fact, the country has undergone a large-scale transformation over the past 5–7 years.
Phnom Penh today — is:

• skyscrapers and business centers,
• offices of international companies,
• international hotels, rooftop bars, restaurants,
• active youth, startup environment and digital economy.

And Sihanoukville — a coastal city that in 10 years has transformed from a fishing village into a new maritime metropolis with resort and residential development.
The infrastructure is evolving quickly and consistently:

• the high-speed highway connected the capital with the sea
• renewed Sihanoukville International Airport,
• new Phnom Penh Airport opened,
  *in 2025, the seaport of Kampot is launched with connections to Vietnam.

These are not «plans on paper» — these are already implemented projects.

Why Cambodia is interesting as an investment

Cambodia's main advantage — entry price.
Today, for a budget that can buy a small studio in Phuket or Bali, you can buy it in Cambodia:

• downtown apartment,
• apartments with sea views,
• in some projects — even penthouse or duplex.

The market is just emerging, and that’s why:

• prices are still lower than their regional counterparts
• demand grows faster than supply,
• developers offer terms that will be unavailable in a few years.

This is a typical «early entry» — situation where the main money is earned not from speculation, but from market growth.

Loyalty to Russian speakers — rare factor in 2026

There is one more point that is critically important for many investors today.

In the 1980s–1990s, thousands of Cambodian students studied in the USSR and post-Soviet countries. Today, among the graduates of that education system — are the ministers of economy and finance, education, culture and representatives of the apparatus of the Council of Ministers.
Therefore, there is a special attitude towards Russian speakers here —, and this is still felt at the level of attitude — from business to everyday communication.
Another important thing:

*today there are no direct sanctions restrictions for citizens of Russia, Ukraine, Kazakhstan and other CIS countries in the real estate sector

• easy to obtain an annual visa,
• settlements are made in US dollars
• the banking system is open to foreigners.

With many markets becoming closed or difficult, Cambodia remains neutral, understandable and open.

Why it's important to log in through a professional platform

With all the potential of Cambodia, it is important to understand that this is a developing market, and the correct selection of projects and developers is especially important here.
That is why more and more investors are coming through platforms that:

• check developers and projects,
• work directly with developers,
  *give analytics, not just «beautiful renders».

One such example is the TINORA platform, which specializes in investment real estate in Asia and has already opened the Cambodia direction.
Through TINORA you can:

• view selected projects,
• compare formats and budgets,
• enter the market with both a full purchase and a small amount
• get support and transparent analytics.

Cambodia — not exotic. This is a window of opportunity

Cambodia today — this is not a story about «an exotic country». This is a story about a market that:

• just picking up speed,
  *not overheated yet,
• and yet already has infrastructure and demand.

Such windows of opportunity appear infrequently — and usually close quickly.
If you are interested in understanding what Cambodia looks like as an investment destination, and what properties are available right now, you can view the selection on the TINORA https://tinora.com/ru website in the «Cambodia» section.
Sometimes the strongest decisions — are not obvious choices, but ones that most people learn about too late.