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

  • ‘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

  • 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 accepts Chinese vaccine, PM first to get jab

    Prime Minister Hun Sen said China would offer Cambodia an immediate donation of one million doses of the Covid-19 vaccine produced by the Sinopharm company. In an audio message addressing the public on the night of January 15, he said Cambodia has accepted the offer and

  • 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

  • PM asks India for vaccine help

    Prime Minister Hun Sen is seeking assistance from India for the provision of Covid-19 vaccines as the country has produced its own vaccine which is scheduled to be rolled out to more than 300 million Indians this year. The request was made during his meeting with

  • Capital set to beef up security

    Phnom Penh municipal governor Khuong Sreng held the first meeting of the year with heads of armed forces in the capital to review and repair the deficiencies related to gun control, drug crimes, social order disruptions due to alcohol consumption and traffic law enforcement. Municipal