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Area guide

Meanchey

Phnom Penh

Homes ask a median $137,450, -31% against Phnom Penh. Renting runs $600 a month, a 5.2% gross yield on that price.

Median asking price
$137,450
Middle 60% $69k to $450k
-31% vs Phnom Penh
Median asking rent
$600 /mo
Middle 60% $400 to $2k
-25% vs Phnom Penh
Price per m²
$1,406
From 301 homes stating a floor area
-14% vs Phnom Penh
Gross yield
5.2%
Median rent × 12 over median price
 

Where it sits

The sangkats of Meanchey, side by side

Every figure below is measured the same way, at the same moment, for all 11 of them. That is the only thing that makes a number like this mean anything.

Median asking priceWhat half the homes ask less than
$137kMeanchey
$200kPhnom Penh
Price per square metrePrice divided by floor area
$1,406Meanchey
$1,636Phnom Penh
Gross yieldAnnual rent against asking price
5.2%Meanchey

Boeung Tumpun 2, Stueng Mean chey 1, Stueng Mean chey 2, Stueng Mean chey 3, , Preaek Kampues carry no dots: fewer than 30 priced listings is not enough to publish a median, so the figure is withheld rather than guessed at.

Your money here

What a budget actually reaches in Meanchey

Drag the figure. The bars are the homes listed in Meanchey right now, grouped by what they ask.

94
171
109
81
61
79
87
$20k–
$60k
$60k–
$100k
$100k–
$150k
$150k–
$220k
$220k–
$320k
$320k–
$500k
$500k–
$1.5M
$220,000

455 of the 694 homes for sale in Meanchey ask this or less - 66% of what is on the market here.

That sits inside the middle 60%, just above the typical asking price of $137,450.

690 of the 694 homes for sale carry a price. The rest are price on application: counted as supply, never inside a median.

Compared

The sangkats of Meanchey, side by side

Two counts cannot tell you which one to live in. Tap a heading to re-rank.

Chak Angrae Leu212$120,000$1,715370$6506.5%
Boeung Tumpun168$80,000$1,258257$4937.4%
Chak Angrae Kraom110$265,000$1,783151$1,5006.8%
Stueng Mean chey98$199,900—77$5253.2%
Boeung Tumpun 132$100,000—94$4505.4%
Boeung Tumpun 227——24——
Stueng Mean chey 116——52$400—
Stueng Mean chey 214——10——
Stueng Mean chey 310——7——
6——9——
Preaek Kampues1——0——

A dash is not a zero. A median needs 30 priced listings behind it and a yield needs 30 on each side; 8 of these fall under that on at least one measure, so those figures are withheld rather than printed off a handful of homes.

Straight questions

The questions people ask about Meanchey

Answered from the listings themselves, and recomputed every morning.

How much does it cost to buy in Meanchey?

The typical home for sale asks $137,450. Half of the 694 on the market ask less than that, and the middle 60% sit between $69,375 and $450,000.

How much is rent in Meanchey?

The typical asking rent is $600 a month, out of 1,051 rentals listed. The middle 60% ask between $400 and $1,600.

Is Meanchey expensive?

Against Phnom Penh as a whole, homes here ask 31% less. By the square metre the gap is -14%, which is the fairer comparison because it does not reward a bigger home.

What return do landlords get in Meanchey?

Median rent over a year against the median asking price is 5.2%, before any costs. It compares asking prices with asking rents, not signed contracts.

What kind of property is for sale in Meanchey?

Mostly house, apartment / condo, villa. Of the 694 homes for sale, 337 are listed as house.

Living here

What Meanchey is actually like

The Khan (district) of Meanchey is situated in south-eastern and southern part of the capital of Phnom Penh, Cambodia.

Meanchey used to be a sleepy, underdeveloped area of the city but since the early 2000s, Meanchey has experienced an economic renaissance. The emergence of industrial factories and international property developers means the district is changing quickly.

This is especially true to the south, with land being repurposed from the former lakes of Boeung Tompun  (the Chak Angre area) and is now undergoing rapid industrialization and urbanization. Meanchey also has some of the largest malls in the country being developed within its Sangkats.

Over a relatively short amount of time, Meanchey has become one of the fastest developing districts of Phnom Penh.

History

Meanchey, since the early 2000s, has experienced an economic upturn and the emergence of industrial factories and international property developers means the district is changing quickly. 

The lakes to the south in Boeng Tumpun were filled in to make way for large-scale developments. These have seen the addition of large scale mixed use developments, schools, residential complexes and malls being built or planned to be constructed.

The area to the southeast in Meanchey, in Steung Meanchey used to be among the most impoverished, often associated with the large dumpsite located there, and as a result many nonprofits and NGOs had set up bases to assist the many underprivileged Cambodians. The most well known of these is PSE.

Over the years, the whole area has seen improved infrastructure and roads and better economic development.

Economy

Meanchey and surrounding areas in the suburbs are known as the “factory district” of Phnom Penh. There are more than 1,500 registered factories in Cambodia producing garments, shoes, beverages, plastics, and other products. A lot of these industrial facilities, mainly garment factories, can be found in Meanchey district. 

This also has led to affordable living developments in addition to improved infrastructure and roads, which previously have been quite poor.

Currently, Cambodia hosts more than 5,000 borey (gated community) projects. Several of these residential developments are located within the borders of Meanchey district.

Prominent names include:

  •       Woodland Residences
  •       Borey Preak Toal
  •       Borey Chip Mong
  •       Borey Peng Huoth The Star Eternal
  •       Borey Penh Huoth The Star Platinum Athina.

In particular the development of the ISPP (International School of Phnom Penh) campus in the southern Meanchey area, along National Road 2, as well as the construction of the Samdech Techo Hun Sen Blvd (60-metre road) and The Factory have lead to a boom in development of residential complexes, shopping malls and showrooms all being earmarked for construction.

Urban Living Solutions is a real estate and lifestyle development firm concentrating on community-focused solutions to meet Cambodia’s rapid urbanisation and has large residential developments in Meanchey and developed the Factory.

Population

According to the 1998 census, Meanchey consisted of eight Sangkats with a total population of 157,112 and the population by the 2008 census had grown to 266,865

In 2019, Phnom Penh had a total population of 2.13 million with a population growth rate of 3.92%. The total population density in 679 square kilometres (262 sq. mi) is 3,136 inhabitants per square kilometre. 

Around 90% of the country's population is Khmer; the remaining minorities are the Cham, Vietnamese, Chinese, and indigenous ethnic groups sometimes called Khmer Loeu.

Shopping

For your shopping needs, there are many local Cambodian markets, shopping centres, and retail shops in Meanchey. These include New Steung Meanchey Market and Boeung Tumpun Market where everything from fresh produce to dry goods is available. 

Western-style shopping is available at chain establishments such as Lucky Supermarket, Smile, and Phnom Penh Superstore. 

Meanchey, particularly the area along Hun Sen Boulevard, is a favourite spot for many property developers, both local and international. Among these are some of the biggest names in the industry including ING City, which is the largest single development in Cambodia. ING City, whose development is ongoing, is composed of an array of residential, commercial, and retail facilities spread over 2,600 hectares of land. 

Meanchey is also host to other major residential and mixed-use developments like Urban Village, Lingnan Garden, and R&F City. 

Proposed shopping mall developments include Aeon Mall 3, which is due to be the biggest of the Japanese malls in Phnom Penh. It is set to be constructed along Hun Sen Blvd, in Chak Angre Krom commune, at a cost of about USD$164 million. The site is expected to cover 170,000 square meters.

The Chip Mong 271 Mega Mall is also under development and is Chip Mong’s biggest mall to date, due to be ready by 2022. Located in Khan Meanchey, it is expected to be 150,000 square meters over five floors. 

A third mega mall is also being developed along Samdech Techo Hun Sen Blvd. The PH Diamond Place was announced in 2018 to include a new supermarket on six hectares of land and the mall will cover 62,000 square metres with 30,000 square metres of rental space. 

Yuetai International Group’s YT Mall is developing a shopping and entertainment centre in Steung Meanchey commune with an area of 30,000 square meters, it was announced in 2019.

Landmarks

Meanchey is home to two big universities- Asia Development University (ADU) and Cambodia University for Specialties (CUS). Other well-known educational institutions that have a presence in the district include International School of Phnom Penh (ISPP), Beltei International School, Brighton International School, and Khmer British International School.

The district is host to a number of sports and recreation centers, including Meanchey Sports Club, Camko Sports Club, and Akira Sports Club.

It's strange to mention roads as landmarks but St 271 is a well known and very lengthy road that runs through Meanchey all the way to Toul Kork in Phnom Penh.

In addition, the Samdech Techo Hun Sen Blvd (60-metre road), was inaugurated on 3 April 2017 by Samdech Techo Hun Sen. The road has a total length of 9,169 meters and is 60 meters wide in total and is the spine to many of the new developments in the Chak Angre area. 

Many iconic landmarks in Meanchey have already been mentioned. The International School of Phnom Penh is one of the most prestigious, expensive and best schools in the country. With excellent facilities, sporting and academic, as well as black box theatre, the school covers large grounds which include floodlit sports fields and an olympic size swimming pool.

Food

There is no shortage of eateries in Meanchey. In the past, the area was dominated by small-scale dining outlets offering local Cambodian fare. But things have rapidly changed in the last few years. 

Now, local and international restaurants are facing intense competition, and there are a number of  Chinese, Korean, and Japanese restaurants in Meanchey. It is not hard to find well known brands and franchises like Le Seoul or Korean BBQ in Meanchey.  

There is also an abundance of coffee shops in Meanchey, including well-known names like Amazon, Koi, Brown Coffee, and Chatime. Lesser-known names like Coffee Today and Coffee Premium also have a presence in the district. 

The glut of new shopping malls will also diversify the culinary options in Meanchey in years to come.

At The Factory, Fulcrum Cafe (run by Feel Good Cafe), the Analog Factory Bar and Two Birds bar provide a range of food and drinks.

Nightlife

Khan Meanchey is not a place with a rich nightlife, however it is well connected with major roads to many parts of the city of Phnom Penh with a better reputation for nightlife.

Again, the new developments will change this quickly as they will attract more visitors, residents and tourists to Meanchey and nightlife venues will pop up.

Within The Factory setting, the multi-purpose facility is home to sports activities, shared working spaces, cafes and events. In addition, Two Birds Craft Beer has set up its brewery onsite and has a fully functioning bar.

ISPP also offers evening evening sports games and school events and activities.

Transportation

Khan Meanchey has a good road network, which has seen some major upgrades throughout the Khan. The city bus service runs through the district, and there are also many tuk-tuks and motodops for hire (ride-hailing apps are available or they can be waved down for use).

Infrastructure development is often key to the economic growth of an area. Meanchey is no exception. In the last few years, the district has seen many new roads, sewer systems, and other infrastructure. 

In addition to Hun Sen Boulevard and several other major road projects, the government has also built several flyovers in a bid to ease traffic congestion. To lessen the possibility of flooding, a pumping station was installed between Boeung Tumpun and Hun Sen Blvd. Canals and sewer systems in the area were also repaired and improved which makes the roads less prone to flooding.

Phnom Penh International Airport is located close to Steung Meanchey.

Expats

There were previously large tracts of land available but huge swathes have been purchased for development and there is a lot of construction going on throughout Meanchey.

Although, traditionally, not many expats lived in Meanchey, this has changed and the overall development of the Khan is attracting more expat residents to the area.

In a few short years to come, some of the Sangkats will be unrecognisable and as malls, schools and other amenities are added, as well as new mixed use development and condos, Meanchey will lure many more expats to live in the area.

Every word above is already written, and already on the site.

From here

On the market in Meanchey right now

2 to 1rentals outnumber homes for sale. Meanchey is a landlord’s market before it is a buyer’s one.
8listings can be walked through on video before you visit in person.
301 of 694homes for sale show a price per square metre, worked out from a public asking price and a floor area (a development shows its own published rate).

Straight answers

What these figures are, and what we will not print

Where these figures come from, and where they stop.

Asking, not sold

Every price here is what a seller or landlord advertises on this site today. Cambodia publishes no register of transaction prices, so nobody can honestly print what homes actually sold for.

Why there is no price chart

Our historical figures are not measured consistently enough to compare one year with another, so we would rather show no trend line than a misleading one.

Small samples are withheld

A median needs 30 priced listings behind it, and a yield needs 30 on each side. Below that the figure is a dash. A dash is an admission; a number would be a claim.

Per square metre is computed

Price divided by floor area, every time, over the homes that state one. The per-square-metre figure agents type into the listing form is never used here.

These counts match the search

Every count is what the search results page returns for the same area, because it is the same query.

Written by people

The sections under "Living here" were researched, written and photographed for this site. Nothing on this page is generated prose.