Logo of Phnom Penh Post newspaper Phnom Penh Post - More boreys emerge in Siem Reap



More boreys emerge in Siem Reap

Content image - Phnom Penh Post
The success of the Angkor Premium Borey, pictured above, has prompted a second development. Moeun Nhean

More boreys emerge in Siem Reap

Siem Reap is renowned for its overwhelming number of hotels and guest houses. However, the city is also starting to witness a growing number of residential properties being built, specifically boreys.

About five to 10 years ago, in the outskirts of Siem Reap city, there was only one borey project named Siang Nam, but this number has now expanded to at least six, with Borey Prem Prey and Borey Perfect Angkor among some of the new comers.

A female employee stationed at the under-construction Borey Perfect Angkor said the new development will consist of flats and villas.

However, the employee did not specify the price of the houses, only revealing that the starting price was $100,000.

The success of borey Premium Angkor Palace in Siem Reap has prompted its local investor to build a second borey development in the area, according to general assistant for the project, Vann Dara.

“We are going forward with the second project which is to start off with 150 houses or so,” she said.

Dara explained that because Premium Angkor Palace was one of the biggest mixed-used development projects in Siem Reap city, the timeframe for a completion date has yet to be set.

“But we’re going forward with the development little by little,” she added.

While borey developers are pouring into Siem Reap, for the locals, buying a borey to call their own is not so easy.

For Sem Theoun and his wife, who work as employees of a hotel in addition to managing their own restaurant, getting a foot into the property market is getting more difficult.

“When I arrived in Siem Reap in 2012, the land and house price here was only about $40,000-$50,000; therefore, you could afford a house in Borey Sieng Nam quite easily,” he said.

“These days, the price goes up so high that you can’t afford a borey house unless you have $10,000 on hand.”

MOST VIEWED

  • Omicron patients can stay home: PM

    The Ministry of Health has issued a directive on the treatment of people who have tested positive for the highly transmissible Omicron coronavirus variant, following a suggestion from Prime Minister Hun Sen on the night of January 21. The directive permits home quarantine for those who

  • The effects of the USD interest rate hike on Cambodian economy

    Experts weigh in on the effect of a potential interest rate expansion by the US Federal Reserve on a highly dollarised Cambodia Anticipation of the US Federal Reserve’s interest rate hike in March is putting developing economies on edge, a recent blog post by

  • Cambodia’s first ever anime festival kicks off Jan 22 at capital’s F3 centre

    Phnom Penh's first ever Anime Festival will bring together fans, artists, shops and other local businesses with ties to the Japanese animation style for cosplay competitions, online games, pop-up shops and more on January 22, with Friends Futures Factory (F3) hosting. F3 is a project that

  • Hun Sen gets 4th Covid shot, urges compatriots to follow

    Prime Minister Hun Sen and his wife Bun Rany on January 14 received their fourth dose of Covid-19 vaccine and called on compatriots to follow suit as the Omicron coronavirus variant continues to spread in the community. This marks the launch of Cambodia's fourth-dose vaccination campaign,

  • Fourth dose Covid booster drive jabs 43K in two days

    In the first two days of the fourth-dose Covid-19 vaccination campaign, more than 43,000 people volunteered to get the jabs, while over 4.6 million people have received a third shot. Health ministry spokeswoman Or Vandine said that fourth-dose vaccinations, which began on January 14 exclusively with the Pfizer

  • Singapore backs Cambodia's efforts on Myanmar

    Singaporean Prime Minister Lee Hsien Loong supports Cambodia in its efforts to seek a solution to the ongoing Myanmar crisis as the chair of ASEAN. Lee expressed his support during a meeting with Prime Minister Hun Sen via videoconference on January 14, with the talks focused