Logo of Phnom Penh Post newspaper Phnom Penh Post - Capital’s bustling Veng Sreng to welcome new mall

Capital’s bustling Veng Sreng to welcome new mall

Content image - Phnom Penh Post
K Mall is part of the larger KMH Park, a new development masterplan by Urbanland Asia, which is a member of the ISI Group. Photo supplied

Capital’s bustling Veng Sreng to welcome new mall

Long known as an industrial zone that generates tens of thousands of jobs, the capital’s Veng Sreng area will welcome a new entrance of an attractive mix of much-loved homegrown brands and international retailers, and a variety of dining options.

Developed by Cambodian-owned Urbanland and scheduled to launch in 2021, K Mall is set to tap into the Kingdom’s rising middle-class.

Just minutes from the Stung Meanchey and Chaom Chao junctions, the community mall – a first in Veng Sreng – is strategically located on the famous Veng Sreng Boulevard. The mall is easily accessible via National Ring Road 3 and Hun Sen Boulevard from the South.

With 12,000sqm of leasable space spread over three floors, K Mall exudes vibrancy with exciting food and beverage options, convenient grocery shopping, entertainment and stylish fashion offerings, creating a one-stop shop for the people’s daily needs.

Hok Kang, managing director of Urbanland Asia Investment, said K Mall has achieved more than 50 per cent of its retail leasing target and expect more to be signed in the coming months.

“Buying into K Mall’s vision and its strategic location are some of the deciding factors for the support received from our retail partners. Much precision and details have been put into consideration of its interior design, bringing a whole new experience to shoppers and visitors.

“We hope that our shoppers will enjoy the one-of-its-kind concept and modern architecture, with an exciting tenant mix to cater to Cambodian lifestyle,” he said.

Ann Sothida, the director CBRE Cambodia – the local affiliate of US commercial real estate services and investment firm CBRE Group Inc – said the mall market in Cambodia has been booming over the last few years. She said however that new players need to think of new ways to complement the existing ones in order to sustain.

“K Mall is located along Veng Sreng Blvd, which is home to the capital’s lower and middle class. So the new tenants have to understand customer’s need and determine what to place in the mall.

“It’s too early to say whether the mall will be successful. But I think it will be good in the next two years. Meanwhile, K Mall should differentiate itself and complement the mall market instead of competing with others,” she said.

K Mall is part of the larger KMH Park, a new development masterplan by Urbanland Asia, which is a member of the ISI Group. In Phase 1, the six-hectare development will include 40 shophouses, a three-storey community mall, nine-storey office tower, football stadium, and leisure park.

According to a CBRE Cambodia report, as of the end of the first quarter of this year, there are 23 shopping malls totalling around 38ha in Phnom Penh.


  • Ministry mulls ASEAN+3 travel bubble

    The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The Post on

  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Courts’ decisions now published as reference source

    The Ministry of Justice has published 44 verdicts from civil litigation cases which can be used as models for court precedents and for study by the public and those who work in pertinent fields. Publication of the verdicts on December 31 came as the result of joint

  • Reeling in Cambodia’s real estate sector

    A new norm sets the scene but risks continue to play out in the background A cold wind sweeps through the streets of Boeung Trabek on an early January morning as buyers and traders engage in commerce under bright blue skies. From a distance, the

  • Quarantine site in north Phnom Penh inaugurated

    A four-building quarantine centre in Phnom Penh’s Prek Pnov district was formally inaugurated on January 6. The centre can house up to 500 people, according to Phnom Penh municipal governor Khuong Sreng. At the inauguration ceremony, Sreng said the municipal hall had cooperated with the Ministry

  • China firm to develop Mondulkiri airport

    Tourism to the Kingdom’s northeast corridor could experience a remarkable metamorphosis after the government decided in principle of a Chinese company to study and develop a proposal to build a regional-level airport in Mondulkiri province, according to industry insiders. The Council of Ministers said