Cambodian consumers can look forward to new shopping scenes in the upcoming years
While the country has hit a speed bump in 2020, Cambodian consumers can expect new scenes and a more energetic shopping sector in 2021-2023, according to Khmer Times.
Cambodian retail specialist The Mall Company recently published a report revealing analysis and insight into the present and future of the retail environment in Meanchey and Chbar Ampov.
As stated by The Mall Company’s report, AEON Mall 3, Chip Mong MegaMall, Eco Mall, and Diamond Plaza are the largest developments shooting up in Meanchey and Chbar Ampov – forecasted from Q4 2021 to 2023.
Meanchey is expected to be the south’s urban shopping district. The region’s urban areas and main roads pose opportunities for modern community malls. It also presents a golden opportunity to maximise on the convenience of such malls that makes it more appealing via accessibility to a large demographic.
The report also proposes that the substantial retail developments in Boueng Tumpun and Chak Angre will push more population and residential growth into the district.
Simon Griffiths, managing director of The Mall Company and PropertyGuru Cambodia Property Awards judge, said, “for mall developers, flexible leasing strategies are required as well as creative trade zone use, clearly identifiable mall concepts, and looking beyond Cambodia to attract new brands with particular attention to attracting key anchor tenants.”
According to The Mall Company’s write-up, retail in Chbar Ampov focuses greatly on food & beverage and convenience, with over 85 percent of supply devoted to such uses. This offers an opportunity in services, entertainment, and mainstream fashion.
Chbar Ampov’s subdistrict Nirouth is becoming a spotlight in the area, seeing that the Koh Norea Island City is under way development by the Overseas Cambodian Investment Corporation (OCIC).
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