Suburban living trend drives developers to expand outside of Phnom Penh

Chbar Ampov, Meanchey, and Por Senchey are receiving continued interest from residential and commercial developers  

Phnom Penh’s suburban districts are experiencing the property market’s outward expansion, particularly with residential and commercial developers, reported Khmer Times.  

The suburban living trend has driven residential developers to put interest in Chbar Ampov, Meanchey, and Por Senchey, as well as commercial developments satisfying the rise of savvy shoppers.  

Chbar Ampov has been a hotspot for Borey developments, condominium projects, and even a site of the USD2 billion Norea City project by the OCIC. Meanwhile, Meanchey district has largely drawn in businesses since the completion of Hun Sen Boulevard and the announcement of the Japanese-brand mall expansion, AEON Mall 3.  

Moreover, the Por Senchey is one of the latest booming suburbs, seeing its reputation as the airport district. It serves as the gateway for all arrivals from Phnom Penh International Airport, and it is one of the largest districts in terms of land area and population.  

The district houses dozens of boreys, parks, schools, and major roads such as the Russian Federation Boulevard, National Road 3, and National Road 4, that lead to central business districts and provinces like Kampot and Sihanoukville.  

As a result, Por Senchey is now realising its potential as a commercial hub. 

In meeting the growing demand for a modern market, the Phnom Penh city government partnered with a developer to reconstruct the Old Market into a commercial centre with modern shopping conveniences.  

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The new shopping centre, the Century Plaza, will stand on top of the Old Market. Construction started in November 2019 and will feature six floors and two basement levels.  

Each floor will host a range of goods and services, including a supermarket, food & beverage areas, retail stores, and office areas. Hotel rooms and services are planned to be included in the Century Plaza’s development, due to its close proximity to the Phnom Penh International Airport. 

The Property Report editors wrote this article. For more information, email: [email protected].