About This Development
Time Square 306 Phnom Penh (also known as Time Square 5) is a 45-storey BKK1 condo for sale on Street 306 by Megakim World Corp. 350 units with 1-3 bedroom layouts only (no studios). Foreign ownership eligible (strata title). Handover 2025 (reported).
Project Overview
Pricing and availability subject to change. Request current price list for confirmed figures.
Time Square 306 is a 45-storey condominium nearing completion in Boeung Keng Kang 1 (BKK1) – Phnom Penh’s most established expatriate district. Developed by Megakim World Corp Ltd, a Taiwan-based developer (reported) with a track record since 2011, this foreign ownership eligible project (strata title) offers 350 units with 1-3 bedroom layouts only – no studios. At ~$1,700-2,300/sqm with entry from ~$86,000 and indicative yields of 6-8%, Time Square 306 targets investors seeking BKK1 value positioning with near-completion status and strong rental demand.
Who rents here: Embassy staff, NGO workers, corporate relocations, international school families, long-stay professionals.
Deal Pack (Verified Docs) – click to view what you receive
- Current price list + availability (by stack and floor)
- Payment plan + milestone dates (near completion terms)
- Rental comps + yield analysis (BKK1 comparables)
- Floor plans and unit layouts (1-3 bed options)
- Foreign ownership eligibility summary (strata/hard title)
- SPA checklist (what to confirm with lawyer)
- Within 2-4 hours: Full deal pack sent to your email.
- Within 24 hours: Team follow-up to answer questions.
- No pressure: Take your time reviewing.
Amenities
Time Square 306 features a comprehensive amenity package across dedicated floors: ground-floor lobby cafe, multi-level parking podium (B1 + floors 2-7), residential units (floors 8-45), and rooftop infinity pool with entertainment deck.
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 306 sits on Street 306 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 306 is located on Street 306 in BKK1.
BKK1 area map (not the project pin). Request the exact project pin and Street 306 reference in writing in your deal pack.
Developer: Megakim World Corp
Megakim World Corp Ltd is a Taiwan-based developer (reported) with a track record in Cambodia since 2011. Known for the Time Square series of developments, Megakim has established credibility through consistent delivery (reported). Verify independently before purchase.
Other Megakim Projects
Time Square series: Multiple completed projects in Phnom Penh including Time Square 7 (Toul Kork, 49 floors). Megakim has delivered residential and mixed-use developments across Cambodia.
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 & Pricing
Time Square 306 offers 1-3 bedroom layouts only – no studios – with net sizes ranging from approximately 38sqm to 100sqm. This design choice supports stronger rental rates and tenant quality.
Unit Type Details
| Type | Beds | Size (Net) | Indicative Price | Target Tenant |
|---|---|---|---|---|
| 1-Bed A | 1 Bed | ~38-50sqm | From ~$86k | Professionals, singles |
| 1-Bed B | 1 Bed | ~45-60sqm | From ~$95k | Professionals, couples |
| 2-Bed | 2 Bed | ~60-80sqm | From ~$130k | Families, sharers |
| 3-Bed | 3 Bed | ~90-100sqm | From ~$180k | Executive families |
Note: Prices vary by floor. Standard floors (8-37) offer better value; VIP floors (38-45) command premium pricing. Request official price list for confirmed figures.
Rental & Yields
BKK1 has Phnom Penh’s strongest and most consistent expatriate rental demand. Time Square 306’s 1-3 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
Purchase price: ~$86k-100k
Indicative gross yield: ~6-8%
Net yield lower after costs. Actual rents depend on floor, furnishing, and market conditions.
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, near completion, lowest entry point
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 value pricing | Near completion (reduced construction risk) | Higher yields (6-8% indicative gross) | No studios (quality tenant focus) | Megakim developer (verify track record) | Strong rental demand
This may not suit investors who:
Want ultra-luxury finishes | Need immediate completion | Prefer studio units | Want riverfront/Tonle Bassac location | Prioritize capital growth over yield
Risk & Mitigations
Near completion reduces but does not eliminate delay risk. Confirm handover timeline.
Conservative projections based on BKK1 comps + 1-month void assumption
BKK1 has strongest resale demand in Phnom Penh + realistic 3-6 month timeline
See our taxes & fees guide
Frequently Asked Questions
Can foreigners buy at Time Square 306?
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 6-8% 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 306 is nearing completion with handover expected in 2025 (reported). Confirm exact timing with the developer in writing.
Why no studio units?
Time Square 306 offers only 1-3 bedroom layouts. This design choice supports stronger rental rates and higher-quality tenant profiles compared to studio-heavy buildings.
How do I exit/sell my investment?
You can sell to other foreigners or Cambodians. BKK1 has the strongest resale market in Phnom Penh. See our exit strategy guide for liquidity factors.
Exit Strategy Options
Investor Essentials (Foreign Buyers)
Explore Similar Projects
Important Disclaimers
- Prices: Indicative and subject to change.
- Yields: Gross estimates. Net lower after costs.
- Foreign ownership: Per 2010 law, subject to quota.
- Due diligence: Independent advice recommended.
Last verified: 2026-01-13. Subject to change.
Ready to Invest in Time Square 306?
Secure your unit in this BKK1 development at value pricing. Near completion (reported), proven developer. Get pricing, availability, and answers to your questions.
Development Details
| Developer | Megakim World Corp |
| Property Type | Apartment |
| Location | BKK1 (Boeung Keng Kang 1) |
| Total Units | 350 |
| Price Range | $100,000 - $199,000 |
| Expected Completion | Q4 2025 |
| Current Status | Ready |
| Posted Date | November 23, 2025 |
| Development ID | #260 |