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Time Square 11

BKK3, Phnom Penh

A newly launched MegaKim WorldCorp condominium in BKK3, positioned between BKK1 and the Russian Market area for buyers who want central Phnom Penh access with a lower entry price than prime-core stock.

Starting Price: $44,251
Configuration: 1-Bed, 2-Bed

Project Description

Time Square 11 (Time Castle XI) is a newly launched residential condominium located in BKK3, Phnom Penh, one of the city's emerging central districts. Officially introduced in March 2026, the project is part of the established Time Square development series by MegaKim WorldCorp, known for delivering multiple residential towers across the capital.

Positioned between BKK1 and the Russian Market area, the development benefits from proximity to two of Phnom Penh's most active lifestyle and residential hubs. This location allows residents to access key business districts, international schools, dining areas, and daily conveniences within minutes.

The project consists of 39 floors and approximately 390 residential units, offering a mix of studio, one-bedroom, and two-bedroom layouts designed for modern city living. With foreign-eligible strata title ownership and a central Phnom Penh location, Time Square 11 presents an opportunity for buyers exploring residential or investment options in the city's evolving condominium market.

Proven developer track records
Foreigner ownership eligibility
Realistic rental yield potential
Strong property management quality
Strategic location fundamentals
Clear legal documentation

Location Advantage

BKK3 sits directly beside BKK1, Phnom Penh's most established lifestyle and expatriate district.

While BKK1 commands some of the highest property prices in the city, nearby BKK3 benefits from the same central accessibility while still offering relatively lower entry prices.

This dynamic creates a common pattern seen in many growing cities: prime district, then price pressure, then demand expands to neighboring areas.

As BKK1 continues to mature, nearby districts such as BKK3 naturally absorb residential demand from professionals and expatriates looking for central living options.

Location

Map Overview

Market Insights

Nearby Landmarks & Lifestyle

  • Direct access to BKK1 businesses and embassy districts
  • 1km each to Russian Market and BKK1 Market
  • 2km to Aeon Mall
  • Surrounded by local cafes and shops
  • Surrounded by convenience stores and groceries
  • Walking distance to both local and international schools
  • In close proximity to specialty clinics
  • 2km to Intercare Hospital
  • 2km to National Olympic Stadium
  • 300m to Toul Sleng Genocide Museum

Tenant Profile

  • Mix of local and foreigner young professionals
  • NGO and Embassy staff
  • Corporate employees
  • Long-term residents working in central Phnom Penh

They choose this district because it allows them to stay within walking or short commuting distance to BKK1, but at a more moderate rental level.

It attracts tenants who value centrality but remain price-conscious.

Investment Perspective

Projects located beside Phnom Penh's prime districts often benefit from a spillover demand effect.

When the core district reaches pricing maturity, nearby areas become the next residential choice for tenants who want proximity without paying premium rents.

  • Lower entry price compared to BKK1
  • Strong central location appeal
  • Steady rental demand from professionals
  • Exposure to continued central Phnom Penh growth
  • A developer with strong proven completion track record

As Phnom Penh continues expanding its urban core, centrally located districts remain among the most resilient segments of the residential market.

Estimated Rental Demand

$300-$600 for 1-bedroom units

$700-$900 for 2-bedroom units

Project Highlights

Project Name

Time Square 11 (Time Castle XI)

Developer

Megakim World Corporation

Location

Street 113, BKK3 Phnom Penh

Property Type

Residential Condominium

Ownership

Strata Title (Freehold)

Launch Date

March 2026

Construction Date

September 2026

Handover Date

June 2029

Total No of Units

390

Total Land Size

828 sqm

Total Floors

40

Starting Price

$44,251

Management Fee

$1/sqm

Building Overview

Time Square 11 building overview

Unit Sizes

Unit Type
MetricGross Size
MetricNet Size
Starting Price
ImperialGross Size
ImperialNet Size
1-Bed (Gucci)38 sqm28 sqmFrom $44k409 sqft301 sqft
1-Bed (Prada)45 sqm33 sqmFrom $52k484 sqft355 sqft
1-Bed (Chanel)50 sqm36 sqmFrom $57k538 sqft388 sqft
2-Bed (Hermes)75 sqm56 sqmFrom $87k807 sqft603 sqft

Payment Term Breakdown

Editable calculator based on the developer payment schedule. Adjust the rates below to match your selected unit and payment scenario.

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Payment Reference

Booking Fee

- Payable upon reservation of your unit

Downpayment Installment

- Payable upon signing Sales and Purchase Agreement (SPA) within 1 month after booking

Monthly Installment

- Payable during construction period

Handover Balance

- Payable during unit handover

Selected Unit

1-Bed (Gucci)

38 sqm gross

28 sqm net

Starting Price

$44,251

Booking fee
$0

Downpayment after booking fee

(0% of unit price) - booking fee

$0

Monthly installment

0% over 0 months

$0
Handover balance
$0

Total Scheduled

$0

Figures are indicative. Final payment schedule will be confirmed by the developer.