Logo of Phnom Penh Post newspaper Phnom Penh Post - Shopping malls mushrooming

Shopping malls mushrooming

Shopping malls mushrooming

110520_7b
Boeung Trabek at the launch event yesterday. The new shopping centre is one of 18 large malls in Phnom Penh. Hong Mena

SIX-STOREY Boeng Trabek Plaza shopping mall opened its doors in Phnom Penh yesterday, with officials claiming that 95 percent of the shops were already rented out.

Shopping malls had mushroomed in the capital in recent years as the Kingdom’s economy develops, Minister of Commerce Cham Prasidh said yesterday during the inauguration ceremony.

“More and more people have chosen to shop in modern markets and buy quality products,” he said.

“This shows progress of economic development and the improved cost of living for Cambodian people.”

There are currently 18 large shopping malls and dozens of medium and small ones in Phnom Penh, according to the minister. “They are almost everywhere in the city now,” he said

Part of the US$13 million Boeung Trabek Plaza complex located in Chamkarmon district, located near Boeung Trabek Market, rental prices for Phnom Penh’s latest shopping mall are between $130 and $325 per month, according to Plaza Sales and Marketing Managing Assistant Kaing Sokchea.

The shopping centre sits on 4,000 square meters, with some 300 stores, surrounding by residential apartments, he said.

“We’re not focused on competing with others mall and market, but we are trying to form a strong relationship with our customers, keeping them confident and stay long time,” he said.

Lay Kong Savuth, Managing Director of Boeung Trabek Market, which sits next to the newly opened Boeung Trabek Plaza, said he was not worried. He added that his market focused on an entirely different demographic.

“We are not worried about a new mall open near our market, because our clients are very different from theirs. Our market focuses on [lower income] people.”

The market charges $40 per month for renting a stall, he said.

Chheang Meng, general manager of the $1 million Bayon shopping mall said yesterday he wasn’t concerned about the high-end competition opening.

“This is a free market – we will keep our clients’ confidence and provide good services. This is our job to do to attract clients,” he said.

MOST VIEWED

  • Tourists urged not to skip trip

    The Ministry of Tourism has called on international tourists not to cancel trips to Cambodia, but urged them to adhere to several dos and don’ts when arriving in the Kingdom during the Covid-19 pandemic. The ministry released an eight-point instruction manual on Wednesday published

  • The taxman cometh – Cambodia’s capital gains tax casts the net on individual taxpayers

    In a country where only limited personal income tax existed, the new taxation law beginning January 1, 2021, will make taxpayers out of Cambodians, whether they are ready for it or not About two years ago, a little known amendment was made to Article 7 of the Law

  • Cambodian-American gets Star Trek treatment

    Kevin Ung, a Cambodian-American whose family escaped genocide during the Khmer Rouge’s reign of terror, was recently selected from thousands of applicants to participate in the Television Academy Foundation’s inaugural 2020 Star Trek Command Training Programme, a course intended to give hands-on filmmaking experience

  • Cambodia seeks to be transport hub

    Cambodia is working on several fronts to modernise its transport infrastructure and services, concentrating on opening new international gates to relieve and balance traffic congestion at its borders, Minister of Public Works and Transport Sun Chanthol said on Thursday. This is part of the Kingdom’

  • Deminers unearth ancient lion statue

    Cambodia Mine Action Centre (CMAC) director-general Heng Ratana told The Post on Tuesday that a statue of a lion was found by mine clearance experts while they were digging for a development project. It was sent to the Ministry of Culture and Fine Arts last

  • PM: West unfair to Cambodia

    Prime Minister Hun Sen released a message celebrating the International Day of Peace on Monday, saying that some major powers and western countries had been systemically cooperating to put political pressure on Cambodia as they did in the 1970s and 1980s. Hun Sen said pressuring