About This Development
Time Square 7 Phnom Penh is a 49-storey high-rise condo in Toul Kork by established developer Megakim World Corp. 700 units from studio to 4-bedroom duplex (30-160sqm). 92% sold (reported) – only a limited number of units remain. Classic flats with 3.1m ceilings plus premium duplexes with 5.5m double-height ceilings. Foreign ownership in Cambodia (strata title) eligible. Construction approximately 25% complete (as of July 2026). Completion Q3 2028.
Project Overview
Pricing, yields, and timelines are indicative until confirmed in the latest developer pack. With 92% sold, availability is limited to remaining stacks and floors.
Time Square 7 Phnom Penh is a 49-storey high-rise Toul Kork condo under construction (~25% complete as of July 2026) in one of Phnom Penh’s most established residential districts. Developed by Megakim World Corp, part of the successful Time Square series, this off-plan condo Phnom Penh project offers an exceptionally low entry point from ~$55k with indicative rental yield potential of 7-10% gross. With 92% of units already sold (reported), availability is now limited to the remaining stacks and floors. The 700-unit tower features two distinct living concepts: Classic Flats (floors 8-33) with 3.1m ceilings and Premium Duplexes (floors 35-47) with 5.5m double-height ceilings. At ~$1-1.8k/sqm, Time Square 7 targets investors seeking affordable entry, Phnom Penh condo investment with high rental yields, and access to Toul Kork’s strong expat rental market.
Who rents here: Young professionals, expats, corporate tenants, small families near TK Avenue, AEON Mall 2, international schools.
Deal Pack (Verified Docs) – click to view what you’ll receive
- Current price list + availability (remaining stacks and floors only – 92% sold)
- Payment plan + milestone dates
- Rental assumptions + comps used
- Floor plans and unit schedule
- Foreign ownership eligibility summary (strata/hard title)
- SPA checklist (what to confirm with your lawyer)
- Within 2-4 hours: Full deal pack sent to your email, including current remaining availability.
- Within 24 hours: Team follow-up to answer questions.
- No pressure: Take your time reviewing.
Amenities: Multi-Floor Lifestyle Hub
Time Square 7 features extensive amenities distributed across multiple dedicated floors, designed to support rental appeal and resident lifestyle.
Level 7 – Active Zone
Level 34 – Time Square Club
Levels 48-49 – Sky Deck
Building Services
Why Toul Kork? Phnom Penh’s Established Residential Hub
Toul Kork is one of Phnom Penh’s most established and desirable residential districts, known for tree-lined streets, quality restaurants, and strong rental demand from expats and local professionals.
Tenant profile: Young professionals, expats, corporate tenants, small families
Rental demand: Strong and consistent; popular with long-term renters
Key draws: TK Avenue, AEON Mall 2, Paragon University, international schools
Connectivity: Easy access to central Phnom Penh and airport
Location Map
Time Square 7 is located in the Boeung Kak 1 area of Toul Kork district.
Approximate area map (Toul Kork). Request the exact building pin / street reference in writing.
Developer: Megakim World Corp
Megakim World Corp is an established Phnom Penh developer known for the successful Time Square series of high-rise condominiums. They focus on central-city locations, practical layouts, and amenity-rich towers.
Completed & Upcoming Projects
Annual Holding Costs
Understanding ongoing costs is essential for accurate yield calculations.
Unit Types & Pricing
Time Square 7 offers two distinct living concepts: Classic Flats with 3.1m ceilings (floors 8-33) and Premium Duplexes with 5.5m double-height ceilings (floors 35-47). With 92% of units sold, availability is limited to remaining stacks – confirm current options with Riel Property.
Detailed Floor Pricing
Classic Flats (Floors 8-33)
| Type | Beds | Size | Price | $/sqm |
|---|---|---|---|---|
| Stylish | 1 Bed | 40sqm | ~$40-50k | ~$1-1.25k |
| Modern | 1 Bed | 47sqm | ~$47-55k | ~$1-1.17k |
| Crystal/Tiffany | 1 Bed | 60sqm | ~$60-86k | ~$1-1.43k |
| Diamond | 2 Bed | 76sqm | ~$76-95k | ~$1-1.25k |
| Golden/Luxury | 3 Bed | 100sqm | ~$100-147k | ~$1-1.47k |
Premium Duplexes (Floors 35-47)
| Type | Beds | Size | Price | $/sqm |
|---|---|---|---|---|
| Loft 1-Bed | 1 Bed | 60-70sqm | ~$85-95k | ~$1.35-1.42k |
| Duplex 2-Bed | 2 Bed | 100sqm | ~$141-150k | ~$1.41-1.5k |
| Duplex 3-Bed | 3 Bed | 130sqm | ~$183-195k | ~$1.41-1.5k |
| Duplex 4-Bed | 4 Bed | 160sqm | ~$220-230k | ~$1.38-1.44k |
Note: Prices vary by floor. 92% sold (reported) – very limited inventory remaining. Request official price list for confirmed current availability.
Rental & Yields
Toul Kork has strong, consistent rental demand from expats, professionals, and families. Time Square 7’s affordable entry point makes it attractive for yield-focused investors.
Gross rent (60sqm 1-bed): ~$350-500/month
Annual gross rent: ~$4.2-6k
Purchase price: ~$60-72k
Indicative gross yield: ~7-10%
Net yield lower after costs. Actual rents depend on floor, furnishing, and market.
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 (based on the indicative ranges shown below), while indicative gross yields can be higher than some regional markets, though returns vary materially by unit type, rent achieved, and occupancy. Read: Why Cambodia for freehold investment
Mature market, lower yields, higher entry barrier
Emerging market, highest yields, 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 at Time Square 7 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: Max 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:
Low entry point from ~$55k – High rental yield potential (7-10% gross indicative) – Flexible developer financing – Established Toul Kork location – Range of unit sizes (while remaining stock lasts) – Premium duplex options – Strong amenity package
✗ This may not suit investors who:
Need a wide choice of units (92% sold, limited remaining) – Want ultra-luxury positioning – Prefer prime BKK1 addresses – Need immediate rental income (completion 2028) – Prefer completed properties
Risk & Mitigations
→ Mitigate by reviewing Megakim’s track record (multiple delivered Time Square projects) + SPA completion clauses
→ Conservative projections based on Toul Kork comps + 1-month void assumption
→ With 92% sold, preferred floors/stacks may no longer be available. Confirm current options before committing to a specific layout.
→ See our taxes & fees guide
Frequently Asked Questions
Can foreigners buy at Time Square 7?
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’s the estimated rental yield?
Indicative gross yields of 7-10% based on Toul Kork comparables. Actual yields depend on unit type, floor, furnishing, and market conditions. See our rental management guide.
How do I manage the property remotely?
Most investors use local property management companies (8-12% of rent). We can recommend trusted partners. Read our property management guide.
Is developer financing available?
Yes. Megakim offers internal loans for final payments with terms from 3-10 years at ~10% interest rate (reported – terms vary, confirm in writing).
How do I exit/sell my investment?
You can sell to other foreigners or Cambodians. 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 (7-10%). Net lower after costs.
- Sales status: ~92% sold (reported); limited remaining units.
- Construction: ~25% complete as of July 2026 (reported); Q3 2028 completion target.
- Foreign ownership: Per 2010 law, subject to 70% quota.
- Due diligence: Independent advice recommended.
Last updated: 2026-07-04. Sales and construction progress subject to change.
Ready to Invest in Time Square 7?
92% sold – only a limited number of units remain in one of Toul Kork’s most accessible high-rise investments. Low entry from ~$55k, strong yields, and full foreign ownership eligibility.
Development Details
| Developer | Megakim World Corp |
| Property Type | Apartment |
| Location | Tuol Kork |
| Total Units | 700 |
| Price Range | $55,000 - $220,000 |
| Expected Completion | Q4 2027 |
| Current Status | Under Construction |
| Posted Date | November 19, 2025 |
| Development ID | #175 |
