K MALL to Open on Veng Sreng Road in 2021

• 23 July 2020
• Local News
• 6268 Views

The new K MALL being built on 6 hectares of land along Veng Sreng Road is scheduled to open by 2021, according to a press release from the developer Urbanland on 20 July 2020.

Located along Veng Sreng Road or about 2.5 km from Stung Meanchey ​district, the project is the first phase of the KMS Park’s master plan comprised of 40 shophouses, a three-story community market, a nine-story office building, a football stadium, and a leisure park.

In the first half of this year, Phnom Penh also saw the completion of the Khalandale Mall, which added about 3.71% to the total retail stock and 24% to the existing community mall stock. Moreover, the market is expected to see 87,000 square meters of new supply by the end of 2020.

Regarding the market overview during the COVID-19, the CBRE Cambodia Q2 report showed that the retail sector is still 19% below the baseline as of June, but is expected to slowly recover, in particular during the second half of 2020 (Read more)

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