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

  • ‘Pesticide-laden cucumbers’ kill two, poison 150 in Banteay Meanchey

    At least two youths have died and 243 others are being treated for vomiting, diarrhoea, breathing difficulties, dizziness and muscle weakness after they ate cucumbers suspected to consist of pesticides. The incident happened on Saturday, said Banteay Meanchey provincial police chief Ath Khem. He told The

  • Three dead, 13 injured in collapse at Siem Reap pagoda

    At least three people were killed and more than 10 others injured on Monday after a dining hall under construction collapsed at Prasat Kokchak pagoda in Kokchak commune, Siem Reap province. Provincial police chief Tith Narong said Military Police, soldiers and local volunteers had successfully recovered 16

  • China Unicom enters Cambodia

    China Unicom, the country’s largest telecoms operator, has expanded into Cambodia to build optical telecommunication pathways in the Kingdom as part of the Belt and Road Initiative (BRI). The Hong Kong-listed company officially opened its China Unicom (Cambodia) subsidiary on Monday to become the

  • PP-SHV Expressway on track for completion in early 2023

    The construction of the $1.9 billion Phnom Penh-Sihanoukville Expressway, which broke ground at the end of March, is on track to be completed by early 2023, Ministry of Public Works and Transport spokesman Vasim Sorya said on Monday. The 190km high-speed highway linking the capital to the

  • Kingdom’s domestic milk still cannot compete with imports

    Price competition and a lack of confidence by consumers are the main reasons the dairy market cannot compete with imports, said domestic milk producers. The large displays of imported fresh milk at the Kingdom’s supermarkets present a cumbersome obstacle for local producers, they said.

  • Forest Harmony’s $18M luxury villas break ground in Kampot

    Local and French joint-venture Forest Harmony has broken ground on its $18 million “second-home” Luxury Holiday Villas project in Kampot province. Century 21 Mekong CEO and local shareholder of the project Chrek Soknim told The Post that the project will comprise 90 villa units covering 18ha on a 97