Por Senchey soon-to-be retail hub in Phnom Penh

Por Senchey soon-to-be retail hub in Phnom Penh

Phnom Penh’s suburban districts continue to see the property market’s outward expansion. The areas of Chbar Ampov, Meanchey, and Por Senchey, seemingly left behind just a few years ago, are receiving continued interest from residential developers capitalizing on the suburban living trend, followed by commercial developments meeting the rise of savvy shoppers.

In recent years, Chbar Ampov has been a hotbed of borey developments, condominium projects, and even become site of the $2-billion Norea City project by the OCIC. Neighbouring Meanchey district has largely become more appealing to businesses since the completion of Hun Sen Boulevard and the announcement of the AEON Mall 3. The Japanese-brand mall AEON has seen much success in the Kingdom, having also recently announced plans to expand the capacity of AEON Mall 1 in Tonle Bassac.

The Por Senchey district is one the latest additions to the capital city’s booming suburbs. Popularly known as the airport district, it serves as the gateway for all arrivals from Phnom Penh International Airport. Por Senchey is also one of the biggest districts in Phnom Penh in terms of land area and is home to a similarly large number of residents numbering ~227,000 or over 10% of Phnom Penh’s total population according to the General Population Census 2019.

Additionally, Por Senchey is home to dozens of boreys, parks, schools, and major roads such as Russian Federation Boulevard, National Road 3, and National Road 4, roads leading inwards to central business districts and out to provinces like Sihanoukville and Kampot. Given its large population and Phnom Penh’s outward expansion, Por Senchey is now realizing its potential as a commercial hub.

Por Senchey’s Old Market is among the oldest and most popular community markets in the district. Located along Russian Boulevard, it was a convenient place for locals to buy both wet and dry goods, making it the go-to area for its residents’ daily necessities.

In meeting the growing demand for a modern market, developer JLECC partnered with the Phnom Penh city government to develop the Old Market into a commercial centre with modern shopping conveniences. JLECC is an established developer in Cambodia with 6 Chinese National Grade A Engineering Consulting Qualifications and 2 Cambodian National Grade A Design and Construction Qualifications.

The new shopping centre called the Century Plaza will stand on top of the Old Market. Construction began in November 2019 and will feature 6 floors and 2 basement levels. Each floor will host a range of goods and services, including a supermarket, food & beverage areas, retail stores, and office areas. JLECC plans to include hotel rooms and services into the Century Plaza’s development due its proximity of ~1.5km from the Phnom Penh International Airport.

Century Plaza is already widely known in Por Senchey as the new shopping center rising on top of the popular Old Market. The new shopping plaza already has over 670 stalls occupied mainly by the tenants of the Old Market. The stalls have temporarily been moved to the Por Senchey playground, in front of the Century Plaza’s construction site. Many in Por Senchey are looking forward to the project’s completion expected by late Q4 2021. Khmer Times