Logo of Phnom Penh Post newspaper Phnom Penh Post - Phnom Penh’s Jet’s Container Night Market shuts down

Phnom Penh’s Jet’s Container Night Market shuts down

Content image - Phnom Penh Post
Jet’s Container Night Market project manager Chhay Sophorn says due to an expired lease agreement, and the landowner increasing rent, the company decided to shut down.

Phnom Penh’s Jet’s Container Night Market shuts down

The famous Jet’s Container Night Market in central Phnom Penh has shut down due to the high cost of the land rental, company representatives claim.

Jet’s Container Night Market is the largest such market in Phnom Penh. It operated for just over two years since 2016, with a range of 200-300 shops, food and beverage outlets.

Jet’s Container Night Market project manager Chhay Sophorn said due to an expired lease agreement, and the landowner increasing rent, the company decided to shut down.

“Land rental price can be said to be the main reason. The company cannot continue to operate,” he said.

However, before shutting down, the company noted that some vendors themselves had ceased operations for several months due to a shortage of customers.

Dismantling

In the past few days, workers, trucks and cranes could be seen dismantling the site.

“The company is dismantling the materials in the location and moving them to our own land in Vihear Suor [commune in Kandal province’s Khsach Kandal district]. The company plans to develop the area [Vihear Suor] into a commercial centre and a most luxurious place to live,” said Sophorn.

A security guard at Jet’s Container Night Market said the businessman who rented the shops had moved and closed shop about a month ago after the company notified them of the closure.

Beer Market Store manager Ly Ratanak said he had rented a location in Jet’s Container Night Market on a one-year contract, but after operating for about six months, the company notified him of the closure.

He said before signing the rental contract, the company told him they had extended their land lease agreement with the landowner.

“The main reason the company told us to close the market is due to complaints from the Russian embassy about the loud noise. This closure cost me a lot of money,” he said.

Ratanak said he recently heard the news that the site would soon be developed into a shopping mall.

According to a source, the location of the Jet’s Container Night Market, which is on nearly 2ha, belongs to the Royal Group and was rented by Jet’s Group, headed by tycoon Srey Chanthan.

The Key Real Estate Co Ltd’s first-quarter report shows that price of land in the area falls between $3,500 and $6,000 per sqm.

MOST VIEWED

  • School reopening to be postponed until November

    Minister of Education Hang Chuon Naron on Tuesday wrote to Prime Minister Hun Sen requesting a delay of school reopening across the Kingdom until November, when the new academic year begins. In his letter, Chuon Naron said the postponement is warranted to avoid the new

  • Foreigners in Kingdom must now register in FPCS system

    The Ministry of Interior’s General Department of Immigration (GDI) announced that it would not grant visa extensions to foreigners staying in Cambodia if their names are not listed on the Foreigners Present in Cambodia System (FPCS) by July 1. Foreign nationals can register in the

  • Covid-19 at ‘alarming rate’, health ministry says

    The Covid-19 risk level for individual transmission is at an “alarming rate” in the Kingdom and its probability is “not low”, warned Health Ministry spokesperson Or Vandine. “Cambodia’s coronavirus scenario is classified as being at an early stage of the pandemic because of ongoing

  • Mandatory quarantine for 30,000 workers begins

    Some of the roughly 30,000 workers from factories and enterprises across the Kingdom who went on leave during Khmer New Year began their government-imposed 14-day quarantine on Monday. Speaking at a press conference while visiting workers at the Phnom Penh Special Economic Zone on Monday, Ministry

  • Unemployed to get $40 per month

    The Ministry of Labour and Vocational Training has instructed enterprises, business owners and travel agencies in five provinces to prepare the proper forms for the suspension of employment contracts. This, it said, will make it easier for the ministry to transfer $40 a month to workers

  • Gov’t travel ban flouted

    While the majority of Cambodians have paid heed to Prime Minister Hun Sen’s order to stay put and not travel during the Khmer New Year – the holidays of which were also postponed – several hundred have left Phnom Penh nonetheless. They have allegedly breached provincial

  • G20 energy ministers struggle to finalise oil output cuts

    Top oil producers struggled to finalise production cuts during a virtual summit held by Group of 20 (G20) energy ministers on Friday, despite US President Donald Trump’s mediation efforts to end a standoff with Mexico. The final G20 communique appeared to gloss over simmering divisions

  • Kingdom revises travel restriction order

    The government on Friday eased the district and provincial border restrictions issued on Thursday. People are now allowed to cross districts within their provinces. Phnom Penh and Kandal province are to be treated as a single region where people are allowed to travel freely. In

  • Private schools struggling

    The Cambodian Higher Education Association has claimed that 113 private educational establishments are facing bankruptcy because of their inability to pay rent and staff salaries in light of nationwide school closures caused by the Covid-19 outbreak. It said the financial trouble started when the Ministry of

  • Khmer New Year holidays postponed

    In an effort to halt Covid-19 infections in the Kingdom, Prime Minister Hun Sen has postponed the Khmer New Year holidays scheduled from April 13 to 16. While the people will not have their usual break, nor will there be any public celebrations or gatherings at pagodas,