1 Bedroom Type D
1 Bed Bed • 1 Bath
About This Development
Time Square 11 | Phnom Penh
Time Square 11 is a modern strata-title condominium development in Phnom Penh, offering efficiently designed one- and two-bedroom units aimed at both owner-occupiers and investors. Positioned at an accessible entry point within a growing residential district, it provides a lower-cost pathway into Cambodia’s USD-denominated condominium market.
- Located within an emerging residential district with growing local and expat demand
- Efficient unit layouts designed for practical urban living and rental appeal
- Lower entry pricing compared to central Phnom Penh condominium developments
Project Overview
Entry Price
From $44,251
Starting from approximately $1,164/sqm
Price / SQM
$1,164/sqm
Approximate pricing after 10% early bird discount
Deposit
20%
~$9,834 on entry unit
Status
Off-Plan
Launched Mar 4, 2026
Total Units
390
Residential floors 7 - 39
Floors
39
High-rise tower
Title
Freehold Strata-Title
Hard title confirmed
Size Range
38 - 75 sqm (gross)
28 -56 sqm net
Beds
1-2 Beds
4 unit types
Developer
Megakim World Corp
Award-winning
Completion
June 2029
Excl. 6-month grace
Amenities
Sky Pool, Gym +
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Unit Types & Pricing
Compare available layouts
Jump directly to unit sizes, pricing, and floor plan options before reviewing the full investment breakdown.
Location Map
BKK3 is an emerging central Phnom Penh neighborhood positioned adjacent to the established BKK1 district and near the popular Russian Market area. As land values and pricing in core BKK1 continue to rise, BKK3 has attracted growing interest from buyers seeking more accessible entry points while remaining close to the city’s key commercial, dining, and lifestyle districts. The area offers convenient access to international schools, major city routes, and expanding urban infrastructure, making it an increasingly attractive location for modern condominium living and long-term investment.
Russian Market (Tuol Tom Poung)
~3 mins / ~1 km
Tuol Tom Poung Café District
~5 mins / ~1.5 km
AEON Mall Phnom Penh
~8 mins / ~3 km
BKK1 District
~10 mins / ~3.5 km
Bassac Lane
~10 mins / ~3.5 km
Independence Monument
~12 mins / ~4 km
Chip Mong 271 Mega Mall
~8 mins / ~3.5 km
New Techo Airport
~35 mins / ~18 km
Neighborhood Profile
BKK3 Investment Profile
Tenant profile: Young professionals, expats, small families
Rental demand: Growing — limited high-rise competition nearby
Key draws: Russian Market lifestyle, BKK1 proximity, lower rents
Connectivity: ~5 min to BKK1, ~5 min to Russian Market
Comparable: Time Square 8 (3 streets away) nearing sell-out
Project Narrative
Development Overview
Time Square 11 is a contemporary residential condominium located in Phnom Penh, offering a mix of one- and two-bedroom units under strata-title ownership available to foreign buyers. The project incorporates standard lifestyle amenities including a swimming pool, fitness center, and communal areas designed to support both residents and long-term tenants.
The development is positioned as part of the broader Time Square series, known for delivering mid-scale, functional residential buildings across the city. With a focus on efficient layouts and livable design, Time Square 11 is suited to young professionals, first-time buyers, and investors seeking practical, well-located urban housing at a more accessible price point.
Investment Thesis
Phnom Penh’s residential market continues to be supported by urban population growth, a young demographic profile, and increasing demand for professionally managed condominium units. Emerging districts are seeing gradual infrastructure improvement and tenant demand expansion, particularly among local professionals and long-term expatriates seeking more affordable alternatives to central areas.
Time Square 11 is positioned at a lower entry price relative to core districts, allowing investors to access higher relative rental yields compared to premium central developments. Typical performance expectations for projects of this type range around 6%–8% gross yields, supported by steady tenant demand and accessible rental pricing.
As a mid-market development, performance will depend on execution, property management, and the pace of surrounding area development. While offering stronger yield potential, this segment carries greater variability in resale timing and tenant profile compared to prime central locations.
ROI Investment Scenario
Illustrative Investment Scenario
Illustrative example based on an early-stage one-bedroom unit in Time Square 11, reflecting entry pricing and rental positioning in an emerging Phnom Penh residential area.
Purchase Price
~$65,000–$80,000
Monthly Income
~$350–$500/mo
Net Yield
~6.5%–8%
Holding Period
5 years
Exit Price
~$85,000–$110,000
5-Year Total ROI
~35%–55%
This scenario assumes a 5-year hold, with returns driven by rental income and continued development in the surrounding district. As with all emerging-area investments, performance will vary depending on project delivery, unit selection, leasing demand, and broader market conditions.
Developer: Megakim World Corp
Megakim World Corporation is the developer behind the Time Square series, active in Phnom Penh since 2011. The company focuses on well-located, mid-market condominiums designed for urban living and rental demand.
Track Record
Multiple Time Square projects delivered
Projects
Time Square Series (Phnom Penh)
Focus
Central, Rental-Oriented Condominiums
Developer Track Record
Megakim has completed and launched several Time Square developments across key districts including BKK, Toul Kork, and the Russian Market area. Earlier phases have been delivered and absorbed well, supporting consistent buyer demand.
The developer’s model is straightforward — central locations, practical layouts, and pricing aligned with investor and end-user demand. This repeatable approach has driven strong pre-sale performance across multiple projects.
For buyers, the existing Time Square portfolio provides a clear reference point for delivery, positioning, and long-term rental viability.
For buyers evaluating new launches such as Time Square 11, the developer’s track record of completed projects and the ongoing expansion of the Time Square series provide an additional layer of confidence regarding delivery and long-term project viability.
Typical Floor Layout
Typical Layout
Unit Types & Pricing
1 Bedroom Type C
1 Bed Bed • 1 Bath
1 Bedroom Type B
1 Bed Bed • 1 Bath
2 Bedroom Type A
2 Bed Bed • 2 Bath
Payment Plan
Confirmed Payment Structure
Down payment: 20%
Construction installments: 1% interest for up to 35 months
Handover balance: At completion (June 2029)
Early bird: 10% discount available now
Price escalation: ~10% increase expected Sep 2026 (construction start)
Indicative Holding Costs
Estimated ongoing costs for unit owners. Confirm exact rates at handover.
Service Charge
TBC at handover
Sinking Fund
TBC at handover
Property Tax
~0.1%/year on value above taxable threshold (confirm with lawyer)
Monthly Management Fee
$1.00/sqm per month.
Total Holding Cost
Confirmed at handover (~2029)
Figures shown are indicative only and may change before completion. Buyers should verify final service charges, sinking fund policy, and tax treatment with the developer and an independent lawyer.
Regional Price Comparison
New-Build Condo $/sqm Comparison
$1,299/sqm
TS11 BKK3
$2,500–3,500
BKK1 Phnom Penh
$3,000–6,000
Bangkok (prime)
$4,000–8,000
Ho Chi Minh (prime)
Indicative benchmark ranges for prime new-builds. Market pricing varies by building, location, launch timing, and finish level. Use for orientation only and verify against current active listings.
Full Remote Setup for Overseas Investors
Time Square 11 supports a complete remote investment process. Overseas buyers do not need to be present in Cambodia for reservation, SPA signing, payment scheduling, handover, or rental setup.
Remote Purchase
Reservation, SPA, and payments handled remotely
Furniture Packages
Turnkey furnishing support available
Remote Handover
Snagging and key collection managed locally
Tenant Placement
Professional rental management support available
Foreign Ownership: Strata Title Confirmed
Foreign buyers are eligible to purchase strata-title units above the ground floor, subject to Cambodian ownership quota rules. Buyers should still conduct independent legal review before signing any reservation agreement or SPA.
FAQ
Below are common questions from overseas buyers considering Time Square 11.
Can foreigners buy at Time Square 11?
Yes. Foreign buyers may purchase eligible strata-title units above the ground floor, subject to Cambodian foreign ownership quota rules. Buyers should confirm final legal structure with an independent lawyer before signing.
Can I complete the purchase remotely?
Yes. Reservation, contract review, payment scheduling, and most pre-handover steps can be handled remotely. Local support can also assist with handover and rental setup.
What is the payment schedule?
Current launch terms indicate a 20% down payment with 0% interest installments during construction. Final payment structure should always be confirmed directly with the developer before reservation.
When is completion expected?
Construction is expected to begin in September 2026, with estimated completion targeted for June 2029, subject to construction progress and final developer timelines.
What rental yield is projected?
Indicative gross rental yield has been projected around 11%, with net yield around 9%, depending on furnishing, management, and final achieved rent.
Indicative gross rental yield has been projected around 11%, with net yield around 9%, depending on furnishing, management, and final achieved rent.
Who This Development Is For
Time Square 11 is suited to investors and urban residents seeking accessible entry pricing within Phnom Penh’s condominium market. The development appeals to buyers targeting rental demand from young professionals and long-term tenants, as well as those looking to enter the market at a lower capital threshold while maintaining exposure to the city’s continued residential expansion.
Yield-Oriented Investors
- Targeting higher relative rental yields from practical, mid-market residential units
Entry-Level International Buyers
- Seeking strata-title ownership in Phnom Penh at a lower capital entry point
Emerging District Positioning
- Comfortable with developing areas where growth and demand are still evolving
Potential Exit Strategies
- Hold for rental income and long-term appreciation
- Resell near project completion
- Portfolio diversification asset
- Short-term resale if early price appreciation occurs
