Adding to the several small malls in Siem Reap including Lucky Mall and Angkor Trade Centre and several more shopping complexes, The Heritage Walk will provide 40,000 square metres of covered and open-air retail space, accommodating about 100 shops including restaurants, coffee shops and a cinema.
Located on one hectare of land at the corner of National Road 6 and Oum Chhay Street in Siem Reap’s Svay Dongkoum commune, The Heritage Walk is set to launch its soft opening in February and a grand opening in April 2018.
The Heritage Walk project is good news for the real estate sector in Siem Reap with local real estate agents expressing optimism towards the new project.
Mario Tan, the Sales and Marketing Director of Hunter Estate, said: “The new mall would give tourists and local people more shopping and leisure options and will attract them to spend more and stay longer in Siem Reap.
“With some small malls operating successfully in the province, The Heritage Walk, the first big mall in Siem Reap, tends to have a high chance to be successful as there will be local and international tourists flocking to go shopping in this mall.”
Mr Tan added: “This is a good thing for the local economy as there will be more business activity taking place in the province. Moreover, this will also help give investors more confidence in real estate market in Siem Reap.”
It is worth noting that land prices are stagnating at the moment ahead of the coming general election with an average of between $350 and $400 per square meter.
It is hoped that The Heritage Walk will push investors to have more confidence to invest in the province, helping land prices to rise again after the election.
Vat Vin is an Editor @ RealEstate.com.kh