K MALL to Open on Veng Sreng Road in 2021

23 July 2020
Local News
6333 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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