Yes, foreigners are allowed to buy/invest in property in Cambodia. It is one of the few countries where it allows foreigners to own on Freehold Title and there is no Capital Gain Tax.

In fact, many Singaporeans as well as Asians have already invested in Cambodia. The Bridge Retail Mall is one of the fastest selling development in Cambodia as it comes with 70% Guaranteed Rental Return over 10 years with more than 87% sold. Whereas The PEAK Cambodia is one of the most luxurious mixed development in Cambodia and is integrated with Shangri-La Hotel. Both developments are located in one of the most prime districts in Phnom Penh, which is surrounded by Casinos, 5 Stars Hotels, Embassies, Shopping Malls which has potential for capital growth.