Areyksat will develop significantly as the Korean government explores grand designs of a Mekong River bridge connecting Phnom Penh to Kandal Province.
Areyksat, on the eastern bank of the Mekong, is mooted to fall under the jurisdiction of Phnom Penh.
As part of the plan, it will become a satellite city with shopping malls, residential, commercial, leisure and entertainment precincts.
Technical teams researched numerous potential sites at Chroy Changvar and at Daun Penh’s Riverside to connect with Kandal Province.
A ‘Bay Area Economic Circle’ is forming in central Phnom Penh and incorporating the Mekong and Tonle Bassac rivers into the city fabric will be a landmark achievement.
Connecting the various population centres is expected to alleviate traffic congestion and make travel more convenient.
Phnom Penh’s outward expansion has been prevalent in the north (Sen Sok), the south and west (Meanchey) now full of boreys from well-known developers.
But, the Cambodia South Korea Friendship Bridge (Svay Chrum) will open up an eastward expansion.
Chbar Ampov to the southeast is a major population centre for almost 170,000 residents with many new residential and commercial projects underway including a new bridge connecting it to Koh Pich (Koh Norea Bridge).
This services the new Koh Norea Satellite City (currently at 30% completion) directly opposite Areyksat on the Mekong.
These projects indicate a definitive eastward expansion of the city.
Plans to incorporate Areyksat into Phnom Penh will be the final result of the ongoing development of Chbar Ampov and Chroy Changvar.
When measured on a satellite map in December 2020, Koh Norea is about 420 metres wide.
In November 2021, the infill had narrowed the Mekong by about one-third at that location.
The channel may be narrowed further due to infilling on the opposing bank for a separate satellite city project.
This suggests another bridge is being considered.
Mekong River Bridge – one step closer for retail to dominate the city
According to a recent report, major retail spaces in the city of Phnom Penh are expected to dominate, growing to just under 1M sqm by 2025 across 62 shopping destinations.
This phenomenon is driven by the now global expectation of the youth generation (Gen Z and Millennials).
Quite simply, they want more and better shopping. They also want a wide range of entertainment options under one safe and comfortable air-conditioned roof.
They differ from previous generations in that they consider the journey to be as important as the destination.
If not, more.
Shopping isn’t just about buying stuff, it’s about meeting friends and sharing experiences.
More and more, we are witness to product launches, fashion shows, dance and singing competitions offered as extras to the shopping environment.
This is changing the major retail landscape in most cities across the globe… and now Phnom Penh.
With some exceptions, retail supply growth is being largely driven by the popularity and growth of the Borey market, located in the outer suburbs of Phnom Penh.
Developers, driven by increased competition, are looking to provide a wider selection of major retail options and events as a selling point to attract property buyers.
As a result, shopping malls, retail plazas, and community malls are being incorporated into the broader design and construction of Borey and township projects.
The predominant areas of growth – Sen Sok, Meanchey, Chamkarmon, Toul Kork, and Chbar Ampov – are the new nexus in the city’s expansion.
Major retail options are now expanding to cater for the daily needs of the population in these high growth areas.
Of the 5 primary retail classifications – shopping malls, community malls, shopping centres, retail podiums, and retail arcades, community malls are proving to be the most popular retail properties.
More than 50% of Phnom Penh’s current retail properties are classified as a Community Mall, making it the most prominent type of retail property, followed by shopping centres.
The city’s retail spaces are expected to continue to dominate retail space offerings.
However, retail podiums and arcades are also expected to increase to complement the ongoing development of large mixed-use projects.
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