About This Development
Time Square 302 (also known as Time Square 6) is a 49-storey BKK1 condo on Street 302 by Megakim World Corp. 370 units with iconic beehive hexagonal facade, 1-4 bedroom layouts including sky duplexes. The developer’s original allocation is fully sold. Riel Property has exclusive access to resale units in this building and maintains a waitlist for buyers. Foreign ownership eligible (strata title). Interior fit-out currently underway, with handover reported for early 2027.
Sales status, resale pricing and payment terms vary by seller and can change. Confirm in writing.
Project Overview
Pricing shown is historical developer launch pricing. Contact us for current resale availability and indicative pricing.
Time Square 302’s developer allocation is fully sold. The 49-storey condominium in BKK1, known for its distinctive beehive hexagonal facade, is now in the interior fit-out stage, with handover reported for early 2027. Riel Property has exclusive access to resale units in this building from existing owners, and maintains a waitlist for investors who want to be notified the moment a unit becomes available. This gives buyers a route into a BKK1 landmark that would otherwise be inaccessible through the developer.
Who rents here: Embassy staff, NGO workers, corporate relocations, international school families, long-stay professionals.
Resale & Waitlist Pack – click to view what you receive
- Current resale availability (by stack and floor, where a seller is active)
- Indicative resale pricing based on recent transactions
- Waitlist registration so you are notified when a unit becomes available
- Floor plans and unit layouts (1-4 bed options inc. sky duplexes)
- Foreign ownership eligibility summary (strata/hard title)
- Resale checklist (what to confirm with your lawyer before buying second-hand)
- Within 2-4 hours: We confirm current resale availability and send the pack.
- Within 24 hours: Team follow-up to answer questions.
- No pressure: Take your time reviewing, or simply join the waitlist.
Amenities
Time Square 302 features an extensive amenity package across dedicated floors: ground-floor lobby cafe, multi-level parking podium, residential units (floors 8-47), and Floor 47 infinity pool with panoramic views. The iconic beehive hexagonal facade creates a distinctive landmark in BKK1.
Wellness & Recreation
Building Services
Why BKK1?
BKK1 (Boeung Keng Kang 1) is Phnom Penh’s most established expatriate and high-income residential district. Located in Khan Chamkar Mon, it’s the benchmark central location for walkability, international-standard services, and premium rental demand. Time Square 302 sits on Street 302 in the heart of BKK1.
Tenant profile: Embassy staff, NGO workers, international professionals
Rental demand: Highest in Phnom Penh
Key draws: Diplomatic Quarter, international restaurants, walkable lifestyle
Connectivity: Central location, easy access to airport and CBD
Location Map (BKK1 Area)
Time Square 302 is located in BKK1, Phnom Penh.
BKK1 area map only. Request the exact Street 302 location in your resale/waitlist pack.
Developer: Megakim World Corp
Megakim World Corp Ltd is a Taiwan-based developer (reported) with a track record in Cambodia since 2011. Time Square 302 is the sixth project in the Time Square series (reported). See developer profile for more details.
Other Megakim Projects
Time Square series: Multiple completed and ongoing projects in Phnom Penh including Time Square 7 (Toul Kork, 49 floors, 700 units), Time Square 306 (BKK1, 45 floors), and earlier Time Square developments. Megakim has established a reputation for delivering residential developments on schedule.
Verify developer track record independently before purchase. See our developer due diligence guide.
Annual Holding Costs
Understanding ongoing costs is essential for accurate yield calculations.
Unit Types & Historical Pricing
Time Square 302 offers 1-4 bedroom layouts across two phases. Phase 1 (floors 8-36) features designer 1-2 bedroom flats from 50-125sqm. Phase 2 (floors 38-47) offers exclusive 3-4 bedroom sky duplexes with double-height layouts and panoramic views. The table below reflects the developer’s original launch pricing for reference; as the project is now sold out, current resale pricing should be confirmed with Riel Property.
Unit Type Details (Historical – Launch)
| Type | Beds | Size (Net) | Launch Price | Target Tenant |
|---|---|---|---|---|
| 1-Bed | 1 Bed | ~50sqm | From ~$85k | Professionals, singles |
| 1-Bed Plus | 1 Bed | ~57-67sqm | From ~$95k | Professionals, couples |
| 2-Bed | 2 Bed | ~110-125sqm | From ~$180k | Families, sharers |
| 3-Bed Duplex | 3 Bed | ~145sqm | From ~$290k | Executive families |
| 4-Bed Duplex | 4 Bed | ~170sqm | From ~$340k | Large families |
Note: Prices shown are the developer’s original launch pricing and no longer reflect current market value. All original inventory is sold; contact Riel Property for current resale availability and indicative pricing.
Rental & Yields
BKK1 has Phnom Penh’s strongest and most consistent expatriate rental demand. Time Square 302’s 1-4 bed focus (no studios) means higher-quality tenant profiles and stronger rental rates.
Gross rent (1-bed BKK1): ~$500-700/month
Annual gross rent: ~$6,000-8,400
Historical purchase price: ~$85k-100k
Indicative gross yield: ~6.5-8.5%
Net yield lower after costs. Actual rents depend on floor, furnishing, and market conditions. Yield on a resale purchase will depend on the actual resale price paid.
Resale Payment Terms
The developer’s original financing terms ($500 reservation, 20% deposit, balance over construction) applied to first-hand sales only, which are now closed. Resale payment terms are negotiated individually with the selling owner and typically require a higher upfront payment.
Note: Confirm current resale terms with Riel Property before proceeding.
Regional Comparison: Why Cambodia?
Cambodia remains one of Southeast Asia’s most undervalued property markets. Phnom Penh entry prices can be materially lower than neighbouring capitals, while indicative gross yields can be higher than some regional markets. Read: Why Cambodia for freehold investment
Mature market, lower yields, higher entry barrier
BKK1, iconic design, strong sell-through
Strong growth, but leasehold and price premium
Historic benchmark ranges for prime CBD new-builds (2024 data). Emerging markets carry higher risk – conduct independent due diligence.
Can Foreigners Own This?
Yes. Foreign ownership in Cambodia (strata title) is available under the 2010 Foreign Ownership Law. Units from the first floor upward are eligible, subject to the 70% foreign quota.
Ownership type: Strata title (hard title) – genuine ownership
Eligible floors: First floor and above
Foreign quota: Up to 70% of building
Requirements: Valid passport
Transfer: Can sell, inherit, or transfer
Learn more: Foreign Buyer Guides | Strata Title Explained
Is This Right For You?
This suits investors who want:
BKK1 prime location at a proven, sold-out address | Higher yields (6.5-8.5% indicative gross) | Iconic beehive design | Sky duplex options | Proven developer (Megakim track record) | Strong rental demand | Flexibility to join a waitlist for future availability
This may not suit investors who:
Need to buy today at fixed developer pricing (sold out) | Need immediate completion (handover early 2027) | Prefer completed projects | Want smaller studio units | Prioritize capital growth over yield
Risk & Mitigations
Interior fit-out underway with early 2027 handover target (reported). Megakim has track record of delivery across multiple projects.
As all developer inventory is sold, resale units may carry a premium over original launch pricing. Confirm current market rates before committing.
Conservative projections based on BKK1 comps + 1-month void assumption
BKK1 typically has the deepest buyer pool in Phnom Penh, but resale timelines vary by pricing and condition
See our taxes & fees guide
Frequently Asked Questions
Is Time Square 302 sold out?
The developer’s original allocation is fully sold. Riel Property has exclusive access to resale units in this building and maintains a waitlist so buyers are notified when a unit becomes available.
Can foreigners buy at Time Square 302?
Yes. Foreigners can purchase strata title units under Cambodia’s 2010 Foreign Ownership Law. Units from the first floor upward are eligible, subject to the 70% foreign quota. Learn more about strata title ownership.
What is the estimated rental yield?
Indicative gross yields of 6.5-8.5% based on BKK1 comparables. Actual yields depend on unit type, floor, furnishing, and market conditions. See our rental management guide for more details.
When is completion?
Time Square 302 is in the interior fit-out stage, with handover reported for early 2027. Confirm exact timing with Riel Property before committing.
What is the payment structure for resale units?
The original developer financing terms ($500 reservation, 20% deposit, balance over construction) applied to first-hand sales only, which are now closed. Resale payment terms are negotiated individually with the selling owner and typically require a higher upfront payment. Confirm current terms with Riel Property before proceeding.
How do I exit/sell my investment?
You can sell to other foreigners or Cambodians. BKK1 typically has the deepest buyer pool in Phnom Penh, but expect longer timelines than mature markets. See our exit strategy guide for liquidity factors.
Exit Strategy Options
Investor Essentials (Foreign Buyers)
Explore Similar Projects
Important Disclaimers
- Sales status: Developer allocation is sold out. Riel Property offers exclusive resale sourcing and a waitlist service only.
- Prices: Historical launch pricing shown for reference; current resale pricing is indicative and subject to change.
- Yields: Gross estimates. Net lower after costs.
- Foreign ownership: Per 2010 law, subject to quota.
- Construction: Interior fit-out underway; handover reported for early 2027.
- Due diligence: Independent advice recommended, particularly for resale title verification.
Last updated: 2026-07-04. Sales status, construction progress, and resale pricing subject to change.
Join the Waitlist for Time Square 302
The developer’s allocation at this iconic BKK1 beehive tower is fully sold, but Riel Property has exclusive access to resale units and can add you to our waitlist for the next one that becomes available. Interior fit-out is underway, with handover reported for early 2027.
Development Details
| Developer | Megakim World Corp |
| Property Type | Apartment |
| Location | BKK1 (Boeung Keng Kang 1) |
| Total Units | 370 |
| Price Range | $100,000 - $350,000 |
| Expected Completion | Q2 2027 |
| Current Status | Under Construction |
| Posted Date | November 23, 2025 |
| Development ID | #258 |