{"id":10778,"date":"2021-01-27T10:20:29","date_gmt":"2021-01-27T03:20:29","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=10778"},"modified":"2021-06-04T15:57:51","modified_gmt":"2021-06-04T08:57:51","slug":"retail-in-phnom-penh-grows-with-4-more-shopping-destinations-by-2021","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/retail-in-phnom-penh-grows-with-4-more-shopping-destinations-by-2021\/","title":{"rendered":"Retail in Phnom Penh grows with 4 more shopping destinations by 2021"},"content":{"rendered":"<p><span data-contrast=\"none\">Urban area Toul Kork expects retail space to increase to 78,753 square metres<\/span><\/p>\n<figure id=\"attachment_10786\" aria-describedby=\"caption-attachment-10786\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-10786\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/01\/shutterstock_397733548.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/01\/shutterstock_397733548.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/01\/shutterstock_397733548.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/01\/shutterstock_397733548.jpg 620w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/01\/shutterstock_397733548.jpg 190w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/01\/shutterstock_397733548.jpg 1000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-10786\" class=\"wp-caption-text\">The Central Market in Phnom Penh, Cambodia. gnohz\/Shutterstock<\/figcaption><\/figure>\n<p><span data-contrast=\"none\">Phnom Penh\u2019s retail sector<\/span><span data-contrast=\"none\"> continues to flourish, with the urban and compact area of Toul Kork anticipating four additional shopping destinations by 2021, reported the\u00a0<a href=\"https:\/\/www.khmertimeskh.com\/50805307\/toul-kork-to-expect-4-more-shopping-destinations-by-2021\/\" target=\"_blank\" rel=\"noopener noreferrer\">Khmer Times<\/a>, citing data from The Mall Company (TMC) led by PropertyGuru Cambodia Property Awards esteemed judge Simon Griffiths<\/span><span data-contrast=\"none\">.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">As stated by TMC\u2019s report, modern retail premises in Toul Kork are\u00a0<\/span><span data-contrast=\"none\">centralised<\/span><span data-contrast=\"none\">\u00a0in the more crowded north communities, specifically Boeng Kak 1 and Boeng Kak 2.\u00a0<\/span><span data-contrast=\"none\">Four community malls are indicated in the report to be operating in these areas, which includes one community mall, two retail podiums, and one shopping mall under construction<\/span><span data-contrast=\"none\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Out of the total retail spaces in Phnom Penh, Toul Kork currently holds 15,292 square\u00a0<\/span><span data-contrast=\"none\">metres<\/span><span data-contrast=\"none\"> or four percent. These numbers are<\/span><span data-contrast=\"none\">\u00a0expected to rise to 78,753 square\u00a0<\/span><span data-contrast=\"none\">metres<\/span><span data-contrast=\"none\"> or 21 percent<\/span><span data-contrast=\"none\">\u00a0if all recorded projects were to be completed by their 2021 deadline.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">It is to note that such 2021 figures also include data for Phnom Penh Mega Mall, in which a 2021 launch date hasn\u2019t been released yet.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Toul Kork was placed on Phnom Penh\u2019s retail plot with TK Avenue and Samai Square.\u00a0<\/span><span data-contrast=\"none\">These retail spaces were developed as community mall formats with convenient parking\/access and street frontage, making<\/span><span data-contrast=\"none\">\u00a0them fairly smaller than other retail destinations in Phnom Penh.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">TMC\u2019s report advises that upcoming developments alike TK Avenue or Big Tree Mall would be highly sought-after if they offer conveniences such as visibility, customer flow, <\/span><span data-contrast=\"none\">sufficient parking, and popular tenant mixes, which would draw returning retail foot traffic.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/cambodias-new-shopping-hotspots-2021-2023\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: <\/strong><strong>Cambodia\u2019s new shopping hotspots 2021-2023<\/strong><\/a><\/p>\n<p><span data-contrast=\"none\">According to Google\u2019s Mobility Report, retail foot traffic surged during New Year\u2019s Eve at 66 percent above baseline, which was a record high since the Bon Oum Tok holiday in October.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Considering the consumer\u00a0<\/span><span data-contrast=\"none\">behaviour<\/span><span data-contrast=\"none\">\u00a0in Phnom Penh, residents are\u00a0<\/span><span data-contrast=\"none\">avid to drop by retail and entertainment destinations a<\/span><span data-contrast=\"none\">s<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">soon as\u00a0<\/span><span data-contrast=\"none\">COVID-19 is under control.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Urban area Toul Kork expects retail space to increase to 78,753 square metres<\/p>\n","protected":false},"author":12,"featured_media":20967,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[177,178,248,675],"class_list":["post-10778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-cambodia","tag-phnom-penh","tag-retail","tag-shopping-malls","news_country-cambodia","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Retail in Phnom Penh grows with 4 more shopping 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