About This Development
Time Square 10 is a 39-storey oceanfront condominium at Otres Beach, Sihanoukville by Megakim World Corp. 1,300 units across three towers (Ocean Diamond, Ocean Gold, Ocean Crystal) from 1-4 beds (36-215sqm). The developer’s original allocation is fully sold. Riel Property sources resale units from existing owners and maintains a waitlist for buyers seeking a unit here. Foreign ownership in Cambodia (strata title) eligible. Construction commenced December 2025, targeted completion June 2029 (reported).
Sales status, resale pricing and payment terms vary by seller and can change. Confirm in writing.
Project Overview
Time Square 10’s developer allocation is fully sold. The 39-storey beachfront condominium at Otres Beach is now under construction (commenced December 2025), with completion targeted for June 2029. Because demand outpaced supply, Riel Property now sources resale units directly 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 beachfront project that would otherwise be inaccessible through the developer.
Who rents here: Holiday rentals, digital nomads, long-stay expats, weekend escapes from Phnom Penh (2 hours). Seasonal demand peaks in high season (November-April).
Resale & Waitlist Pack – click to view what you will receive
- Current resale availability (by tower 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 schedule (Ocean Diamond, Ocean Gold, Ocean Crystal)
- 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 10 features world-class resort amenities across 39 floors, including a beach club, sky facilities, and premium leisure zones designed for beachfront living.
Beach Level and Ground Floor
31st Floor Sky Lounge
38th Floor TS Clubhouse
39th Floor Rooftop
Building Services
Why Otres Beach, Sihanoukville?
Sihanoukville is Cambodia’s premier coastal destination, and Otres Beach is widely regarded as the most desirable stretch of coastline in the region. Time Square 10 offers a rare opportunity to own beachfront condo Cambodia property with full foreign ownership Cambodia (strata title) eligibility – though now via resale or waitlist given the developer’s sold-out status. Once known for its quiet, laid-back vibe, Otres Beach 1 is now emerging as one of Sihanoukville’s most sought-after residential beachfront areas with limited supply and growing infrastructure.
Location type: Beachfront first line, direct sea views
Target market: Holiday rentals, digital nomads, expat lifestyle buyers
Key draws: White sand beach, cafes and restaurants, peaceful atmosphere
Connectivity: 2 hours from Phnom Penh, near Sihanoukville Airport
Location Map
Approximate area map (Otres Beach, Sihanoukville). Contact us for exact developer site pin and beach frontage details.
Map shows Otres Beach area (not the exact site pin). Request the developer pin in the resale/waitlist pack.
Developer: Megakim World Corp
Megakim World Corporation is one of the most established residential developers in Cambodia with multiple completed Time Square projects across Phnom Penh and now expanding to Sihanoukville. Known for the Time Square series of residential towers in BKK1 and Toul Kork. Project timelines can vary – verify delivery history independently.
Completed and Upcoming Projects
Annual Holding Costs
Understanding ongoing costs is essential for accurate yield calculations.
Unit Types and Historical Pricing
Time Square 10 features three ocean-themed towers with layouts ranging from compact 1-bed studios to expansive 4-bed penthouses. 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 for any available unit.
Detailed Tower Pricing (Historical – Launch)
| Tower | Beds | Size | Launch Price From | Target Tenant |
|---|---|---|---|---|
| Ocean Crystal | 1 Bed | 36sqm, 40sqm, 47sqm, 53sqm | From ~$50k | Digital nomads, singles |
| Ocean Gold | 1 Bed | 50sqm | TBC | Professionals, couples |
| Ocean Gold | 2 Bed | 73sqm, 78sqm, 90sqm | TBC | Families, long-stay |
| Ocean Gold | 3 Bed | 113sqm | TBC | Families, executives |
| Ocean Diamond | 2 Bed | 100sqm | TBC | Premium tenants |
| Ocean Diamond | 3 Bed | 140sqm | TBC | Executive families |
| Ocean Diamond | 4 Bed | 205sqm, 215sqm | TBC | Premium lifestyle, VIP |
| Floors 32-37 | Duplex | Various | TBC | Premium penthouse buyers |
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.
Building Structure
Ground Floor: Beach Club, lobby, landscaped green park. Floors 2-5: Dedicated parking. Floors 6-30: Residential units. Floor 31: Full-floor Sky Lounge with amenities. Floors 32-37: Premium Duplex residences. Floor 38: TS Clubhouse. Floor 39: Rooftop Sky Bar.
Rental and Yields
Sihanoukville beachfront rentals operate differently to Phnom Penh. Seasonal fluctuations are significant, with peak demand during high season (November-April) and lower occupancy during monsoon months. Holiday rental (short-term) typically outperforms long-term leases but requires active management.
1-Bed (36-50sqm): ~$400-800/month (long-term) or ~$40-80/night (short-term)
2-Bed (73-100sqm): ~$600-1,200/month (long-term) or ~$60-120/night (short-term)
3-4 Bed (113-215sqm): ~$1,000-2,500/month (long-term) or ~$100-250/night (short-term)
Occupancy note: Short-term holiday rentals may achieve 50-70% occupancy annually with seasonal peaks.
Yield estimates are indicative gross figures based on Sihanoukville beachfront comparables. Net yields will be lower after management fees (10-15% for short-term), service charges, and seasonal voids. Actual performance depends on unit type, floor level, furnishing quality, and marketing.
Regional Context: Southeast Asia Beachfront
How does Time Square 10 compare to beachfront investment in neighbouring Southeast Asian destinations? Cambodia offers the lowest entry point with full foreign ownership. Read our regional comparison guide for detailed analysis.
Mature market, established tourism, premium pricing
Emerging market, highest yields, lowest entry point
Growing beach destination, leasehold restrictions
Benchmark ranges for beachfront new-builds (2024-2025 data). Sources: DDProperty, dotproperty.com.vn, Realestate.com.kh. Emerging markets carry higher risk and liquidity considerations – conduct independent due diligence.
Can Foreigners Own This?
Yes. Foreign buyers can purchase eligible strata title units under Cambodia’s foreign ownership rules, subject to the building’s foreign ownership quota and eligible floors (ground floor excluded).
Ownership type: Strata title (hard title) – genuine ownership
Eligible floors: Above ground floor (confirm eligible floors)
Foreign quota: Subject to building quota (typically max 70%)
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:
Beachfront property at a proven, sold-out address – Holiday rental income potential – Long-hold capital growth in emerging destination – Diversification away from city markets – A developer with proven track record – Direct beach access and resort amenities – 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 rental income (completion 2029) – Want stable year-round occupancy (seasonal market) – Are uncomfortable with frontier market risk – Need easy resale liquidity – Prefer established city locations
Risk and Mitigations
Mitigated by developer track record (10+ projects, TS5 recently delivered) + SPA completion clauses
As all developer inventory is sold, resale units may carry a premium over original launch pricing. Confirm current market rates before committing.
Inherent to coastal markets – peak Nov-Apr, lower May-Oct. Budget for 50-70% annual occupancy.
Sihanoukville resale market less liquid than Phnom Penh. Plan for 6-12 month sale timeline.
See our taxes and fees guide
Frequently Asked Questions
Is Time Square 10 sold out?
The developer’s original allocation is fully sold. Riel Property sources resale units from existing owners at Otres Beach and can add you to our availability waitlist so you are notified when a unit becomes available.
Can foreigners buy at Time Square 10?
Yes. Foreign buyers can purchase eligible strata title units under Cambodia’s foreign ownership rules, subject to the building’s foreign ownership quota and eligible floors (ground floor excluded). Confirm eligible floors and registration in the latest pack. Learn more about strata title ownership.
What is the estimated rental yield?
Indicative gross yields of 5-8% based on Sihanoukville beachfront comparables. Actual yields depend on unit type, floor, furnishing, and market conditions. Seasonal fluctuation is expected with peak demand November-April. See our rental management guide for more details.
What is the payment plan for resale units?
The original developer terms (20% deposit, booking fee of $500, 40% financing over up to 10 years) 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. Read our payment plans guide for how original developer terms worked.
How do I manage the property remotely?
Most beachfront investors use local property management companies (10-15% of rent for short-term rentals). Holiday rental management is essential for Sihanoukville. We can recommend trusted partners. Read our property management guide for what to expect.
What due diligence should I do?
For resale purchases, verify the seller’s title registration, confirm the unit is free of encumbrances, and review the original SPA terms that transfer to the new owner. Use our off-plan due diligence checklist as a starting point and consider independent legal advice.
How do I exit or sell my investment?
You can sell to other foreigners or Cambodians. The Sihanoukville resale market is developing – see our exit strategy guide for liquidity factors and pricing considerations. Plan for longer sale timelines than Phnom Penh.
When will Time Square 10 be completed?
Construction commenced in December 2025. Targeted completion is June 2029 (reported). Progress should be confirmed in writing with the developer. See our banking guide for payment and transfer information.
What are the differences between the three towers?
Ocean Crystal offers compact 1-bed units (36-53sqm) ideal for entry-level investment. Ocean Gold provides mid-range 1-3 bed layouts (50-113sqm) for families. Ocean Diamond features premium 2-4 bed units (100-215sqm) including duplex penthouses on floors 32-37. All towers are connected within a single integrated structure.
Exit Strategy Options
Investor Essentials (Foreign Buyers)
Explore Similar Projects
Important Disclaimers
- Sales status: Developer allocation is sold out. Riel Property offers 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. Seasonal fluctuation expected.
- Foreign ownership: Per 2010 law, subject to quota.
- Due diligence: Independent advice recommended, particularly for resale title verification.
Last updated: 2026-07-04. Construction commenced December 2025; sales status and resale pricing subject to change.
Join the Waitlist for Time Square 10
The developer’s beachfront allocation at Otres Beach is fully sold, but Riel Property can source a resale unit or add you to our waitlist for the next one that becomes available. Full foreign ownership eligibility, resort-style amenities, and a proven developer track record.
Development Details
| Developer | Megakim World Corp |
| Property Type | Apartment |
| Location | Sihanoukville |
| Total Units | 1,300 |
| Expected Completion | 2029 |
| Current Status | Under Construction |
| Posted Date | January 15, 2026 |
| Development ID | #670 |
