About This Development
Time Square 9 | 4 BR Units | Phnom Penh
Time Square 9 is a luxury residential condominium in Phnom Penh’s BKK1 district, introducing Art Deco-inspired design and foreigner-eligible strata title ownership in one of the city’s most established residential locations. With entry pricing from approximately $87,640 and long-term construction payment options, the project offers access to central Phnom Penh at pricing below many comparable prime district launches.
- Prime BKK1 positioning with lower relative entry pricing
- Foreigner-eligible strata title ownership
- Extended payment schedule reducing upfront capital requirements
- Designed for owner-occupiers and long-term rental demand
Project Overview
Entry Price
From $87,640
From ~$1,700/sqm launch pricing
Price / SQM
$1,700/sqm
Launch pricing • subject to unit and floor selection
Deposit
20%
From ~$17,500 on entry unit
Status
Off-Plan
Official launch phase • construction progressing
Total Units
600
Residential floors with mixed 1–4BR layouts
Floors
39
High-rise luxury residential tower
Title
Freehold / Strata Title
Foreign ownership eligible
Size Range
57–190 sqm (gross)
1–4 bedroom residences
Beds
1–4 Bed
8 unit types
Developer
Megakim World Corp
Established Phnom Penh condominium developer
Completion
December 2029
Estimated Q4 2029 (subject to construction progress)
Amenities
Sky Pool, Sky Bar, Gym + Lifestyle Facilities
View full amenities
Unit Types & Pricing
Compare available layouts
Jump directly to unit sizes, pricing, and floor plan options before reviewing the full investment breakdown.
Location Map
Time Square 9 is located on Street 278 in Phnom Penh’s BKK1 district—one of the city’s most established residential and expatriate neighborhoods. Known for its walkability, embassy presence, cafés, and central positioning, BKK1 continues to attract long-term residents and support some of Phnom Penh’s strongest rental demand.
Independence Monument
~3 min drive / ~1 km
Royal Palace
~6 min drive / ~2 km
AEON Mall Phnom Penh
~8 min drive / ~3 km
BKK1 Café District
Walkable
Riverside (Sisowath Quay)
~10 min drive / ~4 km
Embassy District
Walkable
Norodom Boulevard
~2 min drive
Phnom Penh International Airport
~35 min drive
Neighborhood Profile
BKK1 Investment Profile
Tenant profile: Expatriates, embassy staff, professionals, executives, entrepreneurs, and long-term urban residents
Rental demand: Strong and historically liquid rental demand supported by BKK1’s established residential and commercial ecosystem
Key draws: Walkability, café culture, embassies, dining, premium residential positioning, and central connectivity
Connectivity: Fast access to Tonle Bassac, Riverside, Independence Monument, AEON Mall, and Phnom Penh’s primary business districts
Comparable: Tonle Bassac, Daun Penh, and premium BKK1 residential projects
Project Narrative
Development Overview
Time Square 9 is a luxury residential development located on Street 278 in Phnom Penh’s BKK1 district, combining Art Deco-inspired architecture with layouts designed for both owner-occupiers and long-term investors. Offering one- to four-bedroom residences with foreigner-eligible strata title ownership, the project introduces a more design-led approach within one of Phnom Penh’s strongest residential and rental markets.
With pricing beginning from approximately $87,640 and launch pricing around $1,700 per sqm, Time Square 9 creates a lower entry point into BKK1 compared with many surrounding developments while maintaining access to central Phnom Penh’s lifestyle, business, and expatriate demand.
Investment Thesis
Time Square 9 is positioned around a relatively uncommon proposition in Phnom Penh: access to BKK1 through a newer generation condominium that remains below many completed prime district benchmarks.
BKK1 continues to be one of Phnom Penh’s most established residential and expatriate markets, supported by walkability, embassies, dining, office demand, and long-term rental liquidity. While pricing in completed prime developments has continued to move upward, Time Square 9 introduces a lower relative entry point while maintaining central positioning.
At approximately $1,700 per sqm at launch pricing, the project sits between value-oriented and luxury positioning rather than competing directly with ultra-premium branded towers. The long construction payment structure further improves accessibility for overseas buyers seeking gradual capital deployment.
As with all off-plan investments, outcomes remain dependent on developer execution, market conditions, leasing performance, and holding period.
ROI Investment Scenario
Illustrative Investment Scenario
Illustrative example based on a mid-range one-bedroom residence:
Purchase Price
~$115,000
Monthly Income
~$700–900/mo
Net Yield
~6%–7%
Holding Period
5 years
Exit Price
~$135,000–150,000
5-Year Total ROI
~35%–50%
This scenario assumes a five-year holding period with returns driven through a combination of rental income and moderate capital appreciation as construction completes and the surrounding BKK1 market continues to mature. Actual performance will vary depending on purchase timing, unit selection, financing structure, leasing conditions, ownership costs, and broader market conditions. Illustrative scenarios are not guarantees of future performance.
Developer: Megakim World Corp
Megakim World Corp is a Phnom Penh condominium developer known for its Time Square residential series and focus on centrally located urban projects. The developer has established a recognizable presence in the city through a repeatable model of accessible entry pricing, efficient unit layouts, and delivery across multiple phases of development.
Time Square 9 represents one of the developer’s more elevated projects to date, introducing a stronger architectural identity and positioning within BKK1 while maintaining the practical investment characteristics associated with the broader Time Square portfolio.
Track Record
Multiple Time Square Projects
Completed Projects
Time Square Series
Market
Phnom Penh
Focus
Urban Residential
Positioning
Central Locations
Unit Strategy
Owner-Occupier + Rental Demand
Why the developer track record matters
For investors, Megakim’s development history is relevant because it demonstrates continued participation in Phnom Penh’s condominium market across multiple cycles and locations.
The Time Square series has historically focused on balancing central locations, attainable pricing, and layouts suited to owner-occupiers and long-term rental demand.
As with any off-plan investment, buyers should evaluate developer execution, construction progress, payment structure, and broader market conditions alongside historical track record.
This should render very similarly to your Kingston Developer section without overpromising.
Lifestyle & Facilities
Amenities
Time Square 9 is designed as a full-service vertical residential environment with amenities intended to support daily living, wellness, social spaces, and elevated city views. The collection prioritizes convenience and lifestyle rather than oversized shared facilities.
Sky Lounge
Fitness Center
Co-working Lounge
Private Dining Room
Garden Terrace
24-Hour Security
Rooftop Viewing Deck
Typical Floor Layout
The residential layout at Time Square 9 balances efficiency and variety across 11 unit types, with a predominantly one-bedroom mix complemented by select larger residences. The arrangement prioritizes privacy, natural light, and a compact urban footprint suited to central BKK1 living.
Typical Layout
Unit Types & Pricing
1 Bedroom - Type Q/R/S/T
1 Bed • 1 Bath
Promotional pricing shown after 15% launch discount.
1 Bedroom - Type G/H/I/J
1 Bed • 1 Bath
Promotional pricing shown after 15% launch discount.
2 Bedroom - Type K
2 Bed • 2 Bath
Website promotional pricing shown after assumed 10% discount.
3 Bedroom - Type A
3 Bed • 2 Bath
Website promotional pricing shown after assumed 10% discount.
Payment Plan
Confirmed Payment Structure
Down payment: Minimum 20%
Construction installments: Interest-free installments over construction period (up to 40 months)
Handover balance: Remaining balance due at completion
Early bird: Launch pricing and developer incentives may apply
Price escalation: Pricing expected to increase progressively through construction phases
Time Square 9 follows a staged construction payment model designed to reduce upfront capital requirements for overseas buyers. Reservations typically begin with an initial deposit followed by scheduled construction installments throughout development, with the remaining balance settled at completion (estimated Q4 2029). Final payment structures, promotions, and availability may vary depending on unit selection and reservation timing.
Indicative Holding Costs
Ongoing ownership costs for Time Square 9 are expected to remain competitive relative to regional urban condominium markets while supporting long-term rental performance and capital preservation.
Service Charge
TBC by developer
Sinking Fund
One-time contribution at handover (TBC)
Property Tax
0.1%/year
Monthly Management Fee
Estimated ~$0.90–$1.20/sqm (gross)
Total Holding Cost
Moderate holding costs relative to central Phnom Penh market
Service charges, sinking fund contributions, and management fees remain subject to final confirmation by the developer and building operator.<br />
<br />
Property tax is currently approximately 0.1% annually in Cambodia. Management fees may vary depending on operating standards, final amenities, and service levels.<br />
<br />
Buyers should verify final recurring ownership costs prior to completion and handover.
Regional Price Comparison
New-Build Condo $/sqm Comparison
Time Square 9
~$1,700/sqm
BKK1 Phnom Penh (Prime)
~$2,500–3,500/sqm
Kuala Lumpur (Prime)
~$2,500–3,500/sqm
Bangkok (Prime)
~$4,000–6,000/sqm
Ho Chi Minh City
~$3,500–5,500/sqm
Singapore (Prime)
~$18,000+/sqm
Time Square 9 is positioned below many completed BKK1 developments while maintaining exposure to Phnom Penh’s most established residential district.
Regional pricing comparisons are illustrative and intended to provide broad context only. Actual market pricing varies by location, specification, ownership structure, and project positioning.
Full Remote Setup for Overseas Investors
Time Square 9 supports a streamlined overseas purchase process. International buyers generally do not need to be physically present in Cambodia for reservation, SPA signing, payment scheduling, or preparation for handover and ownership transfer.
Remote Reservation
Reserve from overseas
Digital Documentation
SPA review and signing support
International Transfers
Structured payment process
Ownership Assistance
Support through handover process
Rental Preparation
Property setup guidance and services available
Foreign Ownership: Strata Title Confirmed
Time Square 9 is expected to offer foreign ownership through Cambodia’s strata title framework, allowing international buyers to legally own eligible condominium units.
The purchase process can generally be completed remotely depending on developer procedures at the time of reservation and sale.
International buyers should independently confirm ownership eligibility, documentation requirements, payment procedures, and applicable regulations prior to purchase.
This should render very similarly to Kingston but feel a bit more premium and internationally oriented.
FAQ
Below are common questions from overseas buyers considering Time Square 9 and residential ownership in Phnom Penh’s BKK1 district.
Can foreigners buy at Time Square 9?
Yes. Foreign buyers can purchase eligible condominium units under Cambodia’s strata title ownership structure, subject to prevailing ownership regulations.
Can I complete the purchase remotely?
Generally yes. Reservation, SPA signing, payment scheduling, and much of the purchase process can typically be completed remotely depending on developer procedures at the time of purchase.
What ownership type will I receive?
Eligible units are expected to be delivered under strata title ownership, allowing foreign ownership of condominium units under Cambodian law.
Who typically rents in BKK1?
BKK1 typically attracts expatriates, embassy staff, NGO professionals, executives, entrepreneurs, and long-term urban residents seeking central Phnom Penh access.
Why consider BKK1 over emerging districts?
BKK1 generally offers stronger location recognition, established infrastructure, walkability, and historically resilient rental demand compared with earlier-stage residential areas.
Project information, pricing, payment structures, ownership eligibility, and timelines remain subject to developer confirmation and may change over time.
Who This Development Is For
Time Square 9 is best suited to buyers seeking long-term exposure to central Phnom Penh through one of the city’s strongest residential districts, combining BKK1 positioning with more accessible entry pricing than many completed prime developments.
Best Suited For
- Buyers prioritizing central Phnom Penh positioning
- Long-term rental investors targeting expatriate demand
- Overseas buyers seeking phased payment schedules
- Owner-occupiers wanting established neighborhood infrastructure
- Investors building a Phnom Penh residential portfolio
Less Suitable
- Buyers seeking immediate completed-unit cash flow
- Short-term appreciation strategies
- Investors focused on maximum yield over location quality
- Buyers prioritizing suburban family-oriented environments
- Highly risk-averse buyers avoiding off-plan exposure
Potential Exit Strategies
- Hold for rental income within Phnom Penh’s most established residential district
- Resell post-completion as central supply becomes more constrained
- Upgrade into larger BKK1 formats while preserving market exposure
- Retain as a long-term urban residential asset
