Khlaing Rum Sev market in the capital’s Tuol Kork district will be closed down on April 30 by the owner to redevelop the site.
A letter issued on Friday by the lawyer of the owner, tycoon Si KongTriv, informed the stall owners that their contracts, which expired earlier this month, would not be renewed and they have to move out.
“All stall owners have to vacate the premises so the owner can construct a high-rise building on the site,” the letter said.
It added that the stall owners could carry out business free of rental or electricity fees until they move out by the deadline.
There are about 500 vendors who have been operating 800 stalls in the market since it was opened in 2000.
Vendor Heng Heng said yesterday most of them were selling and buying phones and want the building owner to delay closing the market to give them more time to sell off their stock.
Mr Heng said the vendors were disappointed when they heard the market will be closed down because they have been plying their trade there for nearly 20 years.
“We have many fond memories of this market and we have a lot customers and business is good,” he said. “We do not want to see it closed.”
Another vendor, Ou Veasna, said the closure will affect their livelihood because it will be difficult for them to find a new place to run their business.
“We love our stalls at Khlaing Rum Sev market because our sales are good and our regular customers know where to come to when they want to buy items, especially phones,” he said.
Mr Veasna added that the vendors know the owner has the right to redevelop the site if he wants to.
- Tags: Si KongTriv