Off-Plan
Time Square 11
Boeng Keng Kang 3 (BKK3)
Investor Snapshot
Entry Price
From $49,168
Projected Yield
~11% Gross Yield
Deposit
20% Deposit
Ownership
Strata Title
Completion
June 2029
About This Development
Time Square 11 | Phnom Penh
This page covers Time Square 11 BKK3 condo pricing, unit configurations, payment structure, projected yields, developer track record, and foreign buyer considerations for this Phnom Penh off-plan condo investment.
Read Full Overview
Time Square 11 (also known as Time Castle XI) is the latest addition to the Time Square series by Megakim World Corp, officially launched March 4, 2026, in BKK3, Phnom Penh. At $1,299/sqm (entry from $49,168), it sits well below Time Square 9‘s BKK1 launch price of ~$1,700/sqm and roughly half the going rate for BKK1 new-builds ($2,500-3,500/sqm). The developer projects 
~11% gross rental yield (~9% net), backed by BKK3’s growing tenant demand from young professionals and expatriates. Megakim is an award-winning developer (Best Affordable Condo Developer, SE Asia) with a 100% completion rate across all Time Square projects. TS9 sold ~80% of units within one month of launch, TS10 sold ~60%, and Time Square 8 (also BKK3, three streets away) is nearing sell-out. A 10% early bird discount is live now, with a further ~10% price increase expected in September 2026 when construction begins.
Who rents here: Young professionals, expatriates, small families. BKK3 attracts tenants seeking BKK-zone lifestyle at more accessible rents. Russian Market proximity adds strong F&B and retail convenience. Limited high-rise competition in the immediate area supports occupancy.
Remote investors: Full remote setup available – furniture packages, property management, tenant placement, and handover coordination without requiring the buyer to be present in Cambodia.
Sales absorption and launch pricing references are based on developer marketing materials, partner agent briefings, and prior launch snapshots held by Riel Property. Yield projections are estimates, not guarantees. Independent buyers should verify current availability and pricing before reserving.
Project Overview
Entry Price
From $49,168
$1299/sqm - early bird
Price / SQM
$1,299/sqm
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 +
Click to view all
Investment Thesis
Time Square 11 (also known as Time Castle XI) is the latest addition to the Time Square series by Megakim World Corp, officially launched March 4, 2026, in BKK3, Phnom Penh.
At $1,299/sqm (entry from $49,168), the project sits below Time Square 9’s BKK1 launch pricing and well below comparable new-build stock in central Phnom Penh. The development projects gross rental yield around 11% (~9% net), backed by BKK3’s growing demand from young professionals, expatriates, and small families.
Megakim is an award-winning developer with a strong completion track record across the Time Square series. The combination of sub-$50k entry pricing, 20% deposit structure, foreign strata eligibility, and full remote setup makes this project particularly attractive for overseas investors seeking affordable city exposure.
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
Location Map
Approximate area map (BKK3, Chamkarmon). All distances and travel times are estimates and may vary by traffic.
Time Square 11
BKK3 area
Time Square 8
~3 streets away
BKK1
~5 min drive
Russian Market
~5 min drive
Int’l Schools
Nearby
Phnom Penh Airport
~10 km
Developer: Megakim World Corp
Megakim World Corp is a Phnom Penh-based developer with a growing portfolio of residential condominiums across Cambodia. The company is the force behind the Time Square series, one of the most recognizable affordable condo brands in the market.
Megakim has won regional recognition for affordable condo development and maintains a strong completion track record across previous Time Square projects. For investors, the developer’s consistency, price positioning, and market familiarity make Time Square 11 more credible than many first-time launches.
Track Record
100% Completion
Projects
TS1–TS11 (full series)
Focus
Affordable High-Rise
Award
Best Affordable (SEA)
Developer Track Record
Megakim World Corporation, the developer behind the Time Square condominium series, has been active in Cambodia’s real estate sector since 2011 and has built a reputation for delivering modern residential projects in key urban locations. The company focuses primarily on condominium developments under the “Time Square” brand, which have become a recognizable presence in Phnom Penh’s rapidly evolving skyline.
Over the past decade, Megakim has launched multiple projects across Phnom Penh, including developments in BKK, Toul Kork, and the Russian Market area. Several earlier Time Square projects — such as Time Square 2, 3, and Time Square 306 — have been completed and achieved strong sales performance, helping establish the developer’s credibility among both local buyers and international investors.
The developer’s strategy has generally focused on offering well-located urban condominiums with competitive pricing and lifestyle amenities targeted at young professionals, expatriates, and investors seeking rental demand in central Phnom Penh districts. Many projects in the Time Square series have sold strongly during pre-sale phases, reflecting consistent buyer demand for the brand’s product positioning.
Megakim World Corp has also received industry recognition, including regional awards for affordable condominium development, further reinforcing its reputation within Southeast Asia’s emerging property markets.
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.
Unit Types & Pricing
Time Square 11 offers a focused mix of efficient 1-bedroom and 2-bedroom residences designed for owner-occupiers and yield-focused investors. Gross sizes range from 38 sqm to 75 sqm, with net sellable areas from approximately 28 sqm to 56 sqm.
Type
Gross
Net
Price From
1 Bedroom • 1 Bath
38 sqm
28 sqm
From $49,168($1,299/sqm)
2 Bedroom • 2 Bath
75 sqm
56 sqm
From $97,425($1,299/sqm)
Indicative pricing only. Developer may adjust unit inventory, exact floor premiums, and promotional discounts without notice. Contact us for the latest availability sheet.
Payment Plan
Confirmed Payment Structure
Down payment: 20%
Construction installments: 0% 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)
No developer financing or mortgage required during construction. The 0% interest installment structure is designed for international investors who can spread payments over the build period. Final payment terms confirmed at reservation.
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)
Management
Professional management available
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.
FAQ responses are indicative only and should not replace independent legal, tax, or technical advice.
Who This Development Is For
Yield Investors
Small-unit layouts and strong tenant demand in Chamkarmon support stable long-term rental income.
Early Entry Buyers
Pre-sale launch pricing allows investors to enter before construction-driven appreciation.
Remote Investors
Purchase, furnishing, and rental setup can all be handled remotely through local management.
Portfolio Diversification
USD-denominated real estate exposure in a fast-growing frontier market.
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
Amenities
- Co-Working Lounge
- Fitness Center
- Kids Pool / Play Area
- Parking
- Reception / Lobby
- Rooftop Pool
- Security / Access Control
- Sky Lounge
Compare Other Projects
Explore similar condominium developments in Phnom Penh and compare pricing, location, and positioning.
Off-Plan
Interested in this development?
Request pricing, availability, or schedule a viewing.
Our team will respond within 24 hours.
Request Information, Pricing & Availability
We respond fastest via Phone/Whatsapp/Telegram. No spam – just details on the development.