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

  • 12th Cambodia int’l film festival to see return of Hollywood star

    Phnom Penh is set to come alive with the magic of cinema as the highly anticipated 12th Cambodia International Film Festival (CIFF) takes centre stage. Boasting an impressive line-up of 188 films from 23 countries, including captivating shorts, feature films, documentaries and animation, the festival promises an

  • Bareknuckle champion wants Kun Khmer fighter

    Dave Leduc, who is the current openweight Lethwei boxing champion in Myanmar, has announced that he will travel to Cambodia this year to challenge SEA Games gold medallist Prum Samnang any time that is convenient, after their planned match later this month in Slovakia was

  • Struggling Battambang artist dreams of staging full-scale gallery exhibition

    Leav Kimchhoth, a 55-year-old artist from Battambang province, is a familiar face to locals and tourists alike on the streets of the riverside in Phnom Penh. The one-armed painter and illustrator often hawks his work near the night market on weekends and public holidays. He

  • Fresh Covid warnings as Thai hospital fills

    A senior health official reminds the public to remain vigilant, as neighbouring countries experience an increase in Covid-19 cases, with the latest surge appearing to be a result of the Omicron XBB.1.5 sub-variant. Or Vandine, secretary of state and spokeswoman for the Ministry of Health,

  • New Law on Taxation comes into effect

    Cambodia has enacted the eagerly-awaited new Law on Taxation, which aims to improve the national tax regime’s compliance with present and future international standards and economic conditions; encourage accountability, effectiveness and transparency in the collection process; and promote investment in the Kingdom. King Norodom

  • PM warns of int’l election interference

    With the national election scheduled to take place in less than two months, Prime Minister Hun Sen has warned foreign nations and their diplomats not to interfere into Cambodia’s domestic affairs. He also hinted that their statements on court verdicts handed down to any