Logo

Trusted Partner. Market Leader.Underline

IPS Cambodia

Independent Property Services (IPS) has grown to be the premier real estate company in Cambodia, with offices located in Phnom Penh and Siem Reap, providing premium real estate opportunities and catering to the local and expat market since 2009. Whether it is a new residence, commercial space, or land you seek, our property agents can present you with first-rate choices that fit your budget and lifestyle. IPS manages condominiums for rent, houses for rent, and apartments for rent in Phnom Penh, Siem Reap, and other properties are also available for rent and sale throughout Cambodia.

IPS Cambodia
  • Phnom Penh
  • Property Valuations
  • Document Processing Services
  • FAQs
  • Contact Us
  • Property Management
  • Investor's Guide
  • Siem Reap
  • Careers
  • Back to Home

IPS Cambodia – Cambodia’s Premier Real Estate Company.
#182, Street 63, BKK1, Phnom Penh, 120102 | #618, Corner Wat Bo Road and Street 24, Siem Reap, 171204

Phone+855 77 959 861
Emailinquiry@ips-cambodia.com
FacebookXLinkedInWhatsappTelegramYouTubeInstagramTikTok

2024 © IPS Cambodia. All Rights Reserved.

Terms of ServicePrivacy Policy

New Siem Reap Rising: Dawn of the Grand City

Author: Mizpah Castro Maulit

Published: 2022-08-10

Categories: Cambodia News, Property Market news

With its comprehensive tourism masterplan for the province, Cambodia guarantees there will always be something more waiting in Siem Reap, whether for tourists, locals, or the expat community.

A total of 17 strategies and 37 implementation activities are outlined in the masterplan, giving close attention to the Angkor Archeological Park, Phnom Kulen National Park, the Banteay Srei Protected Area, the Tonle Sap Lake area, the Siem Reap town proper, and the Siem Reap Thmey Tourism area.

Siem Reap Thmey, also known as “ Grand Siem Reap ", — will comprise a 7000-hectare site at the base of Koulen Mountain National Park, only 8km from the new international airport in Sotr Nikum District.

An $880-M project scheduled to open in 2023, the new airport will target a capacity of 50 million passengers by 2050, with the new city positioned perfectly and connected to the airport through a 60m-wide road and sky train. Additionally, the government will build an Expressway, connecting the Koulen area to the existing Siem Reap city, reducing the travelling distance between the 2 cities to just 30km.

Grand Siem Reap aims to widen the scope of Siem Reap attractions and increase tourist numbers in the province, even surpassing pre-Covid figures.

Supporting infrastructure ensures that the new city will not detract or replace the existing tourism base, but enhance the province as an ever-evolving, dynamic destination. They also complement the new city’s close proximity to several sites, from ancient temples to newer developments on the pipeline, e.g.

  • Angkor Wildlife & Aquarium, a project headed by International Concept Management (ICM) to educate visitors and promote wildlife conservation through a 100-hectare zoo and aquarium compound. It is scheduled to open this October, the $70-M investment showcasing several enclosures and outdoor exhibits of mostly native and several imported wildlife.
  • Banteay Srei Temple, a square-layout Hindu temple 32km northeast of the Siem Reap town proper. Its name means, “Citadel of Women, and it is known for some of the most elaborate and finest stone carvings featuring Angkorian art despite being one of the smallest sites in Angkor.
  • Phnom Kulen National Park, a popular pilgrimage site among locals and the known “birthplace” of the Khmer empire. It is 15km from Banteay Srei and features a 12km ascent from the entrance to the top plateau. Moreover, cable cars will be available within Grand Siem Reap, taking visitors directly to the top of the mountain. This park features picnic spots, as many as 20 minor temples, an impressive waterfall, riverbed carvings, life-sized replicas of certain mountain wildlife, and a giant reclining Buddha carved onto a sandstone boulder.
  • Song Saa Reserve, the first ethically led integrated resort project. It is a 233-hectare nature and wellness mixed-use development 18km from Grand Siem Reap, similarly combining aspects of cultural heritage and high-end design as the master plan includes a heritage hub, biodiversity area, a hospitality training school, several hotels, an environmental education zone, and a solar farm, as well as residential compounds and other nature-centric destinations.

Moreover, Grand Siem Reap will be a smart city implementing elements of Khmer architecture, sustaining the province’s “green living” reputation and paying homage to the local heritage. In-depth urban planning has also been put into this project, dividing it into three (3) main zones:

  • Tourism Zone on the north, close to the aforementioned Banteay Srei, Phnom Kulen, and Song Saa Reserve so as to keep major attractions as accessible to one another as possible.
  • Residential Zone on the west, edging towards the main road that will connect the new city to the existing town proper so that anyone coming in from that direction can restfully enter Grand Siem Reap through the quiet neighborhood paths. This is also the corner of the city closest to the Angkor Wildlife & Aquarium, which will be more than a zoo with exhibition halls, a botanical garden, and recreation area among its planned inclusions which will be perfect for complementing a quaint, countryside-oriented lifestyle for future residents.
  • Commercial Zone on the east, facing the New Siem Reap International Airport across National Road 64 so that incoming travelers can enjoy a direct route to the city’s very own bustling business district.

As this tremendous project envisions great accessibility to not just tourist destinations and commercial spots, but also to the wider Cambodian landscape, there is also a planned 30m-wide highway to encircle the base of Koulen Mountain.

This will connect Grand Siem Reap to other lands around the mountainside, offering an opportunity to build and settle down even along the outskirts of the new city as well as opening potentials for other developments with the same concept location at the base of Koulen.

From the 38-Road Project which cost approximately $150-M, to the other investments in road construction, unique tourist attractions, and the Grand City itself, it’s loud and clear that the Cambodian government is all-in with utilizing its resources and partnering with the private sector for a new, even more flourishing era for Siem Reap development.

Related Articles

Property Image

Cambodia Postpones Capital Gains Tax (CGT) on Real Estate Until 2027

The General Department of Taxation (GDT) has officially announced a further postponement of the implementation of Capital Gains Tax on real estate. This decision comes as a strategic move by the Royal Government to continue supporting the recovery of the property sector and to ease the financial burden on taxpayers…

LEARN MORE
Property Image

Sihanoukville’s Skyline Transformed: Time Square 10 Ocean View Breaks Ground, Signifying Major Investor Confidence

The vibrant coastal city of Sihanoukville, Cambodia, celebrated a major new chapter in its large-scale urban development with the official Groundbreaking Ceremony for Time Square 10

LEARN MORE
Property Image

LZ Sea View Premium: Sihanoukville’s New Architectural Landmark Breaks Ground!

The thriving coastal city of Sihanoukville, Cambodia, is set for a new wave of growth as the LZ Sea View team officially launched construction on their next flagship project: LZ Sea View Premium

LEARN MORE
Property Image

Cambodia Postpones Capital Gains Tax (CGT) on Real Estate Until 2027

The General Department of Taxation (GDT) has officially announced a further postponement of the implementation of Capital Gains Tax on real estate. This decision comes as a strategic move by the Royal Government to continue supporting the recovery of the property sector and to ease the financial burden on taxpayers…

LEARN MORE
Property Image

Sihanoukville’s Skyline Transformed: Time Square 10 Ocean View Breaks Ground, Signifying Major Investor Confidence

The vibrant coastal city of Sihanoukville, Cambodia, celebrated a major new chapter in its large-scale urban development with the official Groundbreaking Ceremony for Time Square 10

LEARN MORE
Property Image

LZ Sea View Premium: Sihanoukville’s New Architectural Landmark Breaks Ground!

The thriving coastal city of Sihanoukville, Cambodia, is set for a new wave of growth as the LZ Sea View team officially launched construction on their next flagship project: LZ Sea View Premium

LEARN MORE