Time Square 9
The most affordable project in the most expensive neighborhood in the capital. Time Square 9 (Gatsby Residence) sits inside BKK1, Phnom Penh's most established expatriate and business district, giving buyers direct access to one of the city's strongest and most consistent rental markets.
Project Description
Time Square 9 (Gatsby Residence) is a residential condominium located in BKK1, Phnom Penh, widely recognized as the city's most established expatriate, embassy, and business district. Developed by MegaKim WorldCorp under the Time Square brand, the project continues a series of centrally located residential developments across Phnom Penh.
Positioned within BKK1 itself, the project offers immediate access to key business offices, international organizations, dining establishments, and lifestyle amenities. This level of centrality places it within one of the most active and resilient residential rental zones in the city.
The development offers a range of unit types designed for modern urban living, catering primarily to expatriates and professionals working in central Phnom Penh. With foreign-eligible strata title ownership, Time Square 9 presents an opportunity for buyers seeking exposure to a mature and demand-driven residential market.
Location Advantage
BKK1 is widely recognized as Phnom Penh's most established expatriate, embassy, and lifestyle district.
Unlike emerging areas that are still developing their identity, BKK1 already benefits from mature infrastructure, strong international presence, and some of the city's most consistent residential demand.
Its combination of walkability, dining, international schools, cafes, co-working spaces, and business accessibility continues to support both lifestyle appeal and rental demand.
Because of its established positioning, BKK1 is often viewed less as a speculative growth play and more as a prime-core residential market within Phnom Penh.
Location
Map Overview
Market Insights
Nearby Landmarks & Lifestyle
- Direct access to BKK1 businesses and embassy districts
- 500m (street away) from Independence Monument
- 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
- 2km to Naga World
- 300m to Toul Sleng Genocide Museum
Tenant Profile
- Mix of local and foreign professionals
- NGO and embassy staff
- Corporate employees and business owners
- Long-term expatriate residents working in central Phnom Penh
They choose this district because it places them directly within Phnom Penh's most established international and business environment, minimizing commute times while maximizing lifestyle convenience.
Investment Perspective
For investors, BKK1 supports a balanced strategy centered around strong tenant demand, higher rental stability, and better resale liquidity.
BKK1 itself functions as Phnom Penh's primary expatriate and lifestyle hub, where residential demand is already deeply established rather than dependent on future growth assumptions.
- Strong and consistent rental demand
- Premium rental positioning within Phnom Penh
- Lower vacancy risk compared to emerging districts
- Long-term appeal driven by proven location fundamentals
- An established developer with a strong completion track record
As Phnom Penh continues expanding, prime-core districts such as BKK1 remain among the most resilient segments of the residential property market.
Estimated Rental Demand
$700-$800 for 1-bedroom units
$1,000-$1,200 for 2-bedroom units
$1,400 and up for larger units
Project Highlights
Project Name
Time Square 9 (Gatsby Residence)
Developer
Megakim World Corporation
Location
Street 278, BKK1 Phnom Penh
Property Type
Residential Condominium
Ownership
Strata Title (Freehold)
Launch Date
January 2026
Construction Date
June 2026
Handover Date
December 2029
Total No of Units
600
Total Land Size
1,765 sqm
Total Floors
40
Starting Price
$87,984
Management Fee
$1/sqm
Building Overview
Floor Plan
Unit Sizes
| Unit Type | MetricGross Size | MetricNet Size | Starting Price | ImperialGross Size | ImperialNet Size |
|---|---|---|---|---|---|
| 1-Bed (Type L / N-T) | 60 sqm | 40 sqm | From $87k | 646 sqft | 431 sqft |
| 1-Bed (Type D-J) | 75 sqm | 50 sqm | From $109k | 807 sqft | 538 sqft |
| 1-Bed (Type B) | 80 sqm | 55 sqm | From $120k | 861 sqft | 592 sqft |
| 2-Bed (Type M) | 90 sqm | 60 sqm | From $131k | 969 sqft | 646 sqft |
| 2-Bed (Type K) | 95 sqm | 65 sqm | From $142k | 1,023 sqft | 700 sqft |
| 3-Bed (Type A) | 130 sqm | 90 sqm | From $195k | 1,399 sqft | 969 sqft |
| 4-Bed (Type C) | 190 sqm | 130 sqm | From $285k | 2,045 sqft | 1,399 sqft |
Payment Term Breakdown
Editable calculator based on the developer payment schedule. Adjust the rates below to match your selected unit and payment scenario.
Auto-filled as 100% − Downpayment − Installment
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 at 0% interest
Handover Balance
- Payable during unit handover
Selected Unit
1-Bed (Type L / N-T)
60 sqm gross
40 sqm net
Starting Price
$87,984
Downpayment after booking fee
(30% of unit price) - booking fee
Monthly installment
40% over 36 months
Total Scheduled
$87,984
Figures are indicative. Final payment schedule will be confirmed by the developer.
