Property Review with ‘Charlotte Cambodia’ from realestate.com.kh: Time Square 8 (Toul Tom Poung) by Mega Kim World Corp

Cambodia Investment Review

Mega Kim World Corp has announced the launch of Time Square 8, their latest development in the well-known Time Square Residential Series. Located in Sangkat Boeng Trabaek,
Khan Chamkar Mon, the project offers both homeowners and investors a modern, well-located residential option in one of Phnom Penh’s most rapidly growing areas. This marks the eighth project from the developer, which has built a strong reputation for delivering quality developments across the city.

Prime Location in Toul Tom Poung: A Sought-After Neighborhood with Convenient Access

Ms. Charlotte Cambodia, a property consultant from realestate.com.kh . She is  representing Time Square 8, spoke to Cambodia Investment Review and highlighted the strategic location of the project in Toul Tom Poung, a neighborhood that has seen significant growth in demand over the past few years.

“This area is one of the safest and most convenient in Phnom Penh, with excellent connectivity to business districts, schools, and shopping centers,” she noted. The neighborhood offers a balanced lifestyle, with a mix of modern conveniences and community feel, making it an ideal choice for both residents and potential tenants.

Modern Amenities and Multiple Unit Configurations Tailored to Varied Lifestyles

The development features a range of high-end amenities designed to cater to different lifestyles. Charlotte shared that Time Square 8 includes facilities such as an infinity pool, fully equipped gym, bowling alley, and more, providing residents with both recreational and fitness options within the building. The project offers various unit layouts, ranging from one to three bedrooms, ensuring there are options for individuals, couples, and families alike.

With an emphasis on modern living, these configurations are designed to maximize comfort and practicality, meeting the needs of a diverse clientele. The development’s 24/7 security and card-access lifts further enhance the safety and convenience for its residents, contributing to the overall appeal of the project.

Read More: Phnom Penh’s Condominium Market Shows Signs Of ‘Resilience & Adaptability’ Amid Ongoing Challenges In 2024

Flexible Investment Opportunities and High Rental Potential in a Growing Market

For investors, Time Square 8 offers flexible payment options and strong rental potential. Charlotte outlined that pricing starts at $1,000 to 1800$ per square meter with a flexible 40-month payment plan that begins at just $300 per month. This affordability makes the project accessible to a wide range of buyers, from first-time homeowners to seasoned investors looking for rental assets in Phnom Penh’s competitive market.

Rental returns are expected to begin at 6% – 8% , driven by the high demand for rental properties in this well-connected area. Charlotte explained that one-bedroom units could rent for approximately $400 for 1 bedroom / month, making it an attractive investment option with potential for stable and consistent returns.

Mega Kim World Corp’s Strong Track Record in Phnom Penh’s Real Estate Market

As the eighth installment in Mega Kim World Corp’s Time Square Residential Series, Time Square 8 benefits from the developer’s established reputation for delivering quality projects. Charlotte emphasized that the company’s previous developments have consistently met the expectations of buyers, building confidence in the developer’s ability to deliver on promises. This proven track record is a key factor for both local and foreign investors, ensuring that they are investing with a developer known for reliability and excellence.

Read More: Phnom Penh Real-estate CBRE Mid-Year Review 2024: Economic Indicators and Market Trends

Adapting to Market Conditions: Competitive Pricing and Market Resilience

The Phnom Penh condominium market has seen considerable growth and changes over the past decade, with more than 50,000 units completed across the city. However, the pace of new project launches has slowed since 2021, prompting developers to adapt to the evolving market conditions. Charlotte noted that despite the recent slowdown, pricing for projects like Time Square 8 remains competitive, reflecting the broader market’s return to pre-pandemic pricing levels.

This shift offers buyers an opportunity to invest in prime properties at more affordable rates. While the market continues to correct itself, Time Square 8 stands out as a project that balances quality with affordability, making it a compelling option for those looking to enter Phnom Penh’s dynamic real estate market.

Find out more with Charlotte Cambodia!