The Point Community Mall, an ambitious mixed-use development in Phnom Penh’s Chamkarmon district, will re-open later this year after $6 million were spent on renovations.
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The Point will open during the fourth quarter of the year after seven months of renovations to modernise the complex to meet the needs of Cambodia’s growing middle and upper classes, the project’s owners, who are all Cambodians, said last week during the soft launch.
The project, located on Mao Tse Toung Boulevard, comprises office space and a community mall. Investors describe it as an innovative project composed of a 2,200-square metre community mall and a 9,200-sqm office building.
The whole complex occupies one hectare of land in Toul Svay Prey commune.
According to investors, it is Phnom Penh’s first green mixed-use development, boasting an attractive and modern façade.
Po Sothearak, The Point chairman, said at the soft opening last week that it has been designed to seamlessly blend nature and functionality. He said the community mall and the office building are located in a park-like setting, with ample space for car parking and a largely pedestrianised streetscape.
“With very good design to meet the needs of our citizens, The Point will become a business community centre. The Point is designed to make life and business more convenient and more fun. All the basic needs of people and businesses have been taken into consideration,” he said.
The project will have parking space for 200 cars and hundreds of motorcycles and bicycles, Mr Sothearak added.
According to a report from real estate services firm CBRE earlier this month, the supply of central office space in Phnom Penh reached 359,300 square metres at the end of June. This represents an increase of 12 percent from where the figure stood at the same time last year.
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