Cambodia Investment Review
A new condominium development, Time Square 11, is scheduled to launch on March 4 in Phnom Penh’s BKK3 district, with units starting in the $50,000 range, according to project information released ahead of the launch.
The development is being undertaken by Megakim World Corp and forms part of the broader Time Square residential series, which has delivered several mid-rise projects across the capital over the past decade.
Pricing And Payment Terms
Project materials indicate that buyers will be able to secure units with a down payment of between 10% and 20%, alongside a 0% interest installment plan extending up to 45 months.
Flexible installment structures have become a feature of Cambodia’s condominium market in recent years, as developers respond to shifting buyer sentiment and tighter liquidity conditions. Industry observers note that extended payment plans can make off-plan purchases more accessible, particularly for domestic buyers and smaller-scale investors.
The entry-level pricing places the project within Phnom Penh’s mid-market segment, which has seen a steady pipeline of developments in centrally located districts.
Location And Market Context
Time Square 11 is located in BKK3, approximately five minutes from Russian Market and within close proximity to established residential and commercial areas. BKK3 has increasingly attracted mid-range residential projects, benefiting from its location near the more established BKK1 district while generally offering lower price points.
Phnom Penh’s condominium sector has undergone a period of adjustment following rapid expansion in the years prior to the pandemic. Developers have since shifted toward smaller unit configurations, more competitive pricing strategies, and installment-based financing to align with current demand conditions.
Market analysts say that projects in established inner-city districts continue to draw interest from buyers seeking proximity to amenities, schools, retail outlets and transport routes.
Developer Background
Megakim World Corp has developed multiple projects under the Time Square brand in Phnom Penh. The series has focused primarily on mid-rise condominium buildings targeting urban buyers.
As with other off-plan developments in Cambodia, purchasing decisions are typically influenced by factors such as location, price, payment terms and the developer’s track record.
The launch of Time Square 11 comes amid broader signs of stabilization in segments of Cambodia’s property market, although transaction volumes remain below previous peak levels.
Additional details on pricing and available units can be obtained by contacting +855 96 399 4083.
