Compass Real Estate > Cambodia Real Estate Information > Others > Let's See the Large-Scale Development Projects for Shopping Centers That are Ready To Emerge Soon

Let's See the Large-Scale Development Projects for Shopping Centers That are Ready To Emerge Soon

2022-03-11
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Summary:The establishment of individual business centers in the provinces and cities not only brings convenience to the lives of local people, increases tourism, as well as shopping, enhances the beauty of the area, and can also increase the price of local real estate.

The modernization of business and shopping centers in the Kingdom of Cambodia has been developed on the basis of three principles: the continuation of innovation, change in change, and the main strategies for increasing the level of market recognition.

As a result, the establishment of individual business centers in the provinces and cities not only brings convenience to the lives of local people, increases tourism, as well as shopping, enhances the beauty of the area, and can also increase the price of local real estate.

Therefore, in this article, we will also introduce you to the construction site of the large-scale development project of the shopping center of the year.

Let's see it together!

1. Prince International Plaza

The Prince International Plaza is the business center project that has been under construction since 2018.

Prince International Plaza is a mixed-use development located near the former Water Park, opposite Booyoung Town on the Boulevard of the Russian Federation.

Prince International Plaza brings a new kind of life full of charm, with this project being the first multi-functional building in Phnom Penh with a total area of 200,000 square meters, including services such as a 5A office building and a one-star condominium. This commercial center offers a new one-stop living experience for businesses, supermarkets, restaurants, entertainment, and leisure.

Initially, the location of Prince International Plaza was a vacant lot, but due to its geographical location, which was at the crossroads of Khan Tuol Kork, the most popular residential area, as well as Khan Mean Chey, the goal of the development of the infrastructure in the city , and Khan Sen Sok, the location of the real estate boom. Therefore, when this kind of location meets with the idea of the project as a giant business center with potential, it will encourage more and more people to want to move to these areas. Not only that, once the project is launched, it will also be the reason why more and more investors come to invest more as a stimulus for the economy to develop more.

In addition, with the completion of the building skeleton at the end of the third quarter of last year, it was said that the condominium units of Prince International Plaza itself were almost sold out, which also turned the price of the project into a gradual increase.

2. Chip Mong Sen Sok Mall - A large supermarket in Khan Sen Sok

Chip Mong Sen Sok Mall has a temple-like design, curved up and down like a pink wave at the top, and a colorful garden with large green trees surrounding it. This project covers a total area of 40,000 square meters in front of the Park Land Sen Sok project along Oknha Mong Reththy Street.

This Chip Mong shopping mall is also the work of a subsidiary of the Chip Mong Group, which has had the groundbreaking ceremony since July 12, 2018.

This shopping mall is not only built to meet the needs of the people, but also to bring great potential to the land in the Sen Sok area as an attraction and give confidence to developers and investors.

According to the President of CVEA, Mr. Chrek Soknim, on the occasion of real estate investment at the end of 2021, he said that if used as a cash investment for better possibilities, consider investing in Sen Sok at a cost of between $60 million and $70 million, as this area on the outskirts of Phnom Penh is a potential area with a steady stream of heat, with new projects under development at a modest price. 

3.Chip Mong 271 Mega Mall

This project is located in the center, which has the high density of the capital. It is surrounded by key infrastructure such as Phnom Penh Capital Hall and the Chip Mong Land Development Zone and is located between Hun Sen Blvd., Street 271 and Street 371.

Chip Mong 271 Mega Mall has a total area of about 150,000 square meters, 5 floors, and provides parking for about 2,000 cars and 500 motorcycles.

This new supermarket is scheduled to be completed during the third quarter of this year.

As known, Chip Mong 271 Mega Mall is a world-class grocery store that offers services such as grocery stores, restaurants, children's entertainment, general clothing stores, sportswear, well-known brands, fitness clubs, and modern cinemas. 

The purpose of the construction of this shopping mall project is to actively promote the transformation of the southern landscape of the capital into a modern commercial area, which is in line with the government's strategy to increase green cities and business centers.

In addition, the Chip Mong 271 Mega Mall will bring great potential for modern businesses, with more than 250 businesses for rent. This mall will constantly improve the lives of the people living around this location.

In fact, during the construction of this market project, there has also been an increase in the types of housing projects in the local area, which is a good sign of the plan to make the area popular with the people. Therefore, when Chip Mong 271 Mega Mall is completed and opens in the future, it will be a factor in helping people turn their attention to this southern area of the city.

4. Lucky Pavilion Mall

The Lucky Pavilion Mall project, developed by Lucky Mall Co., Ltd, located along Sihanouk Blvd. In the near future, this project will become one that serves the people in the four districts that are the heart of Phnom Penh.

At present, after the successful construction of the first phase, the project has begun construction of the second phase, which is scheduled to be completed and open in mid-2022.

The Lucky Pavilion Mall project is actually a project to expand and transform the old Lucky Supermarket, which is very popular among the Cambodian and international community, into another prominent building in the center of Phnom Penh.

This new mall is a 4-storey building project with a total area of 9,500 square meters, along with luxury glass panels in the front and design ideas for retail booths that would give a special feeling of the most comfortable place for people to live and work.

This new supermarket is more than just a collection of shopping malls, it captures the importance of a location that is conducive to shopping in the mall while at the same time utilizing modern design to benefit the people in the surrounding area as well.

It should be noted that the first phase of Lucky Pavilion Mall is already launching a lease.

Concluding

All the architectural constructions, in any form, especially the projects that will come in to increase the prominence of the region, all bring about reform or change. They bring convenience to the nation by improving livelihoods, as well as by providing a variety of job opportunities or by raising real estate prices that affect the nation as a whole. On the other hand, the emergence of projects also makes investors from all walks of life more aware of the area, giving developers the confidence to invest more and more.

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Disclaimer: The re-forward articles on Compass website are for the purpose of conveying more information, and it does not mean that the Compass website agrees with its views or confirms the authenticity of its content. Article noted as "Source: Compass original", please note that the source from Compass. The content of the article is for reference only and should not consider as investment advice, and it does not mean that Compass agree with its views.

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