JET’S TO EXPAND NIGHT MARKET

JET’S TO EXPAND NIGHT MARKET

Following the popularity of Cambodia’s first-ever container night market, the company behind the project said it is investing an additional $500,000 to expand the open-air facility with an annex scheduled to open next month.

The container market, owned by Jet’s Group, will add an additional 16 modified 12-metre shipping containers, Project Manager Chhay Sophiorn said yesterday. The expansion will bring the total containers to 40 with 316 stalls for shops, restaurants and bars.

Sophiorn said that the company is renting an additional 2,860 square metres on top of the 1 hectare site that it already owns. The expansion, he said, would also include a 2-storey motorbike parking facility to accommodate the influx of visitors.

“Since the first project was so successful, we are now starting on the second part of the master plan that will provide more space for entertainment and a better and more convenient environment for customers,” he said, adding that when the market first launched in March it was quickly fully occupied.

However, with the popularity comes higher rental fees for businesses that want to secure a typical 7.5-square-metre stall, he said.

“For our first project, we were charging monthly rental fees of $300 to $350,” he said. “Now for the expansion, the stalls will cost from $500 to $600 a month.”

 

“This time we will focus more on the quality and service, and we have already recruited partners with experience in running successful pubs and restaurants that are based on Thai and Korean models for night markets,” he added.

Sophiorn previously told The Post that Jet’s Group had sunk $400,000 into developing the first stage of its container market on land that the group already owned.

With the hip shopping concept having proved wildly popular in London, Singapore and Bangkok, he added that it was no surprise that Jet’s Container Night Market has consistently drawn large crowds.

The success has already spawned imitators, with similar styled container markets in other areas of the capital, including one under construction in the Shukaku-owned Boeung Kak lake development, Phnom Penh City Centre.

Sophiorn said he had also heard of similar projects planned in Sihanoukville and Siem Reap.

 

Source :tourismcambodia.com
ReadMore: http://tourismcambodia.com/news/localnews/23305/jet%E2%80%99s-to-expand-night-market.htm

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