About This Development
Time Square 8 Phnom Penh is a 50-storey high-rise in Toul Tom Poung 1 (Russian Market) by Megakim World Corp. 700 units. The developer’s original allocation is fully sold. Riel Property sources resale units from existing owners and maintains a waitlist for buyers. Rare high-rise positioning in this prime expat lifestyle district. Foreign ownership eligible (strata title). Construction approximately 21% complete.
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. Construction ~21% complete (reported).
Time Square 8’s developer allocation is fully sold. As one of the few high-rise developments in Toul Tom Poung 1, demand outpaced supply. Riel Property sources resale units directly from existing owners, and maintains a waitlist for investors who want to be notified the moment a unit becomes available.
Strong value in prime expat district – rare high-rise positioning in TTP1
Time Square 8 is a 50-storey high-rise condominium in Toul Tom Poung 1 (Russian Market) – rare high-rise positioning in this prime expat lifestyle district. Developed by Megakim World Corp with a proven track record of delivering Time Square projects, this foreign ownership eligible development’s 700 units are now fully sold from the developer. Construction is approximately 21% complete, targeting Q4 2028 handover. Riel Property sources resale units and maintains a waitlist for investors seeking affordable entry into this high-demand rental district with strong expat tenant base near Russian Market.
Who rents here: Expatriates, NGO staff, teachers, young professionals seeking Russian Market lifestyle.
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
- 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.
Original developer terms (~10% booking, staged payments) applied to first-hand sales only. Resale terms are negotiated individually with the selling owner.
Amenities: Sky-Level Lifestyle
Time Square 8 offers comprehensive sky-level amenities designed for modern urban living. As a 50-storey tower, residents benefit from elevated facilities with city views.
Sky Amenities
Entertainment & Leisure
Family & Community
Building Services
Why Toul Tom Poung 1? Phnom Penh’s Expat Lifestyle Hub
Toul Tom Poung 1 (Russian Market area) is one of Phnom Penh’s most established expat lifestyle districts. Known for its cafes, restaurants, boutique shops, and vibrant nightlife, TTP1 has consistent rental demand year-round. Time Square 8 offers rare high-rise positioning in this district, appealing to investors seeking exposure to the Russian Market lifestyle zone.
Character: Expat lifestyle hub, cafes, restaurants, boutiques
Appeal: High walkability, vibrant community, central location
Connectivity: Quick access to Independence Monument, Riverside, AEON Mall
Tenant base: Expatriates, NGO staff, teachers, young professionals
Location Map
Time Square 8 is located in Toul Tom Poung 1 (Sangkat Toul Tum Poung 1), Khan Chamkar Mon, Phnom Penh – in the Russian Market lifestyle district.
Area map only (Toul Tom Poung 1). Request the exact building pin and street reference in your resale/waitlist pack.
Developer Overview
Time Square 8 is developed by Megakim World Corp Ltd, a mid-tier developer with over a decade of activity in Cambodia and a proven track record of delivering multiple Time Square projects.
Megakim World Corp Ltd
Time Square Project Portfolio
Portfolio details are developer-reported. Confirm specific project status with Riel Property.
Completed Projects (reported):
- Time Square 1 – 17 floors, 78 units (BKK)
- Time Square 2 – 30 floors (Toul Kork)
- Time Square 3 – 25 floors (Toul Kork)
- Time Square 5 (306) – 45 floors (BKK1)
- Time Square 6 (302) – 48 floors (BKK) – Sold out, resale only
Current/Upcoming (reported):
- Time Square 7 – 49 floors (Toul Kork) – Q3 2028
- Time Square 8 – 50 floors (TTP1) – Sold out, resale only – Q4 2028
- Time Square 9 Gatsby – BKK1 – Under construction
- Time Square 10 – Sihanoukville (Otres Beach) – Sold out, resale only
Annual Holding Costs
Understanding your ongoing costs is essential for accurate yield calculations. Here’s what to budget for Time Square 8:
Megakim projects typically have competitive service charges. Confirm all fees before purchase. See taxes & fees guide.
Unit Types & Historical Pricing
Time Square 8 offers 1-3 bedroom layouts designed for both owner-occupiers and investors. 1-2 bedroom units typically offer the strongest rental demand and liquidity in TTP1. 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-Bedroom | 1 Bed | ~47sqm | From ~$75k | Singles, couples, expats |
| 2-Bedroom B | 2 Bed | ~73sqm | From ~$90k | Couples, sharers |
| 2-Bedroom C | 2 Bed | ~88sqm | From ~$95k | Small families |
| 3-Bedroom | 3 Bed | ~111sqm | From ~$167k | Families, executives |
| Corner Units | Various | Various | Premium | Enhanced light & views |
| Sky Units | Various | Various | Premium | High floor lifestyle |
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
Toul Tom Poung 1 has consistent rental demand from expatriates, NGO staff, teachers, and young professionals. As one of the few high-rises in the district, Time Square 8 offers strong positioning with indicative yields of 6-8%.
Gross rent (1BR TTP1): ~$400-500/month
Annual gross rent: ~$4,800-6,000
Historical purchase price: ~$75k (47sqm 1BR entry)
Indicative gross yield: ~6-8%
Assumes tenant-ready furnishing; premium floors/views command higher rents. Net yield lower after management fees, service charge, and voids. Yield on a resale purchase will depend on the actual resale price paid. See rental management guide.
Tenant Profile
Standard leases are 12 months with 1-2 months deposit. TTP1 has year-round rental absorption.
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
Time Square 8 – rare high-rise in TTP1
Strong growth, but leasehold and price premium
Historic benchmark ranges for prime new-builds (2024 data). Returns vary by unit type, rent achieved, and occupancy.
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:
Affordable entry into a prime expat district | Rare high-rise positioning in TTP1 | Proven Megakim developer track record (reported) | 6-8% indicative yields | Strong rental demand from expats/NGOs | A sold-out, proven address | Flexibility to join a waitlist for future availability
This may not suit investors who:
Want completed buildings (Q4 2028 target) | Need to buy today at fixed developer pricing (sold out) | Prefer BKK1 or premium districts | Seeking immediate rental income | Are uncomfortable with construction timeline (~21% reported) | Want premium-only finishes
Risk & Mitigations
Currently ~21% complete (reported) with Q4 2028 target. Megakim has delivered 6+ Time Square projects (reported). Track progress via developer updates. See due diligence checklist.
As all developer inventory is sold, resale units may carry a premium over original launch pricing. Confirm current market rates before committing.
Megakim World Corp has operated since 2011 with 6+ completed projects. Mid-tier developer with consistent delivery record. Confirm developer credentials.
6-8% yields are indicative based on TTP1 comparables. Actual returns depend on achieved rent, occupancy, and costs. Always factor in voids and management fees.
Frequently Asked Questions
Is Time Square 8 sold out?
The developer’s original allocation is fully sold. Riel Property sources resale units from existing owners in Toul Tom Poung and can add you to our availability waitlist so you are notified when a unit becomes available.
Can foreigners buy at Time Square 8?
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.
What is the estimated rental yield?
Indicative gross yields of 6-8% based on Toul Tom Poung 1 rental comparables. Strong expat rental demand in the Russian Market area. Net yields lower after management fees and costs.
Why is Time Square 8 popular with investors?
Time Square 8 offers rare high-rise positioning in Toul Tom Poung 1, a prime expat lifestyle district near Russian Market. Full sell-out from the developer demonstrates strong demand. Megakim has delivered multiple completed Time Square projects successfully.
Where is Time Square 8 located?
Time Square 8 is located in Toul Tom Poung 1 (also known as TTP1 or Russian Market area), Khan Chamkarmon, Phnom Penh. The area is known for its expat lifestyle scene, cafes, restaurants, and proximity to Independence Monument and central Phnom Penh.
When is completion expected?
Construction is approximately 21% complete (reported) with handover targeted for Q4 2028. Megakim World Corp has a track record of delivering projects on schedule (reported). Confirm timeline with Riel Property.
What is the best unit type for resale investment?
1-bedroom and 2-bedroom units typically offer the strongest rental demand and liquidity in TTP1. The expat tenant profile favours smaller, efficiently-designed units in this lifestyle district.
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 (6-8%). Net lower after management and costs.
- Status: Under construction (~21% reported), Q4 2028 completion target.
- Foreign ownership: Per 2010 law, subject to quota.
- Developer: Megakim World Corp Ltd (Time Square series).
- 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 8
Rare high-rise positioning in Toul Tom Poung 1 – developer sold out. Riel Property can source a resale unit or add you to our waitlist. Construction ~21% complete, targeting Q4 2028.
Development Details
| Developer | Megakim World Corp |
| Property Type | Apartment |
| Location | Phnom Penh |
| Total Units | 700 |
| Price Range | $75,000 - $220,000 |
| Expected Completion | Q4 2028 |
| Current Status | Under Construction |
| Posted Date | November 19, 2025 |
| Development ID | #177 |
