“Old” Buildings in Southeast Asia: 10 Years and Already a Relic?
In Phnom Penh, a building that’s 10 years old? Might as well be called “heritage.”
The pace of development here is relentless. New condos, glass towers, and boutique apartments sprout up like mushrooms after monsoon rain. In this climate, a property built in 2014 can already feel “dated” — and buyers act accordingly.
Unlike Western markets where solid buildings hold value for decades, depreciation in Southeast Asia can feel accelerated. Trends shift fast. Locations evolve. Finishing quality varies wildly.
But don’t write off every “old” building. Some are better built, better maintained, and come with character — and better pricing. Just make sure you factor in renovation costs, tenant expectations, and long-term resale prospects.
Age, here, isn’t just a number. It’s a negotiation point.