About This Development
Time Square 9 Gatsby Phnom Penh is a 36-storey art-deco condominium in BKK1 by Megakim World Corp. ~500 units from 1-4 beds (57-186sqm). Foreign ownership in Cambodia (strata title) eligible. Completion ~2029.
Project Overview
Pricing, yields, and timelines are indicative until confirmed in the latest developer pack.
Time Square 9 Gatsby is a ~36-storey art-deco condominium now under construction in BKK1 – Cambodia’s premier expatriate district, following its groundbreaking ceremony in June 2026. Developed by Megakim World Corp on Street 278, this foreign ownership eligible project (strata title / hard title) targets proven rental demand in a supply-constrained location. At ~$1,700/sqm, entry pricing undercuts completed BKK1 stock by 30-50%. For investors seeking BKK1 Phnom Penh condo investment with art-deco design, lower density, and high livability, TS9 Gatsby delivers a compelling combination.
Who rents here: Embassy staff, NGO workers, international professionals. BKK1 typically commands among the highest rents and lowest vacancy rates in Cambodia.
Deal Pack (Verified Docs) – click to view what you’ll receive
- Current price list + availability (by stack and floor)
- 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.
- Within 24 hours: Team follow-up to answer questions.
- No pressure: Take your time reviewing.
Amenities
Inspired by 1920s glamour, TS9 features elegant art-deco interiors, panoramic city views, wellness-focused amenities, and discreet five-star services.
Rooftop & Wellness
Building Services
Why BKK1?
BKK1 (Boeung Keng Kang 1) is Phnom Penh’s most established expatriate district. It typically commands among the highest rents and lowest vacancy rates in Cambodia. For foreign investors seeking Phnom Penh property investment opportunities, BKK1 remains the benchmark for rental demand and tenant quality.
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
Approximate area map (BKK1). Contact us for the exact developer pin and Street 278 frontage details.
Developer: Megakim World Corp
Established Cambodian developer with multiple completed Time Square projects across Phnom Penh. Known for the Time Square series of residential towers in BKK1 and Toul Kork. Project timelines can vary – verify delivery history independently.
Completed & Upcoming Projects
Annual Holding Costs
Understanding ongoing costs is essential for accurate yield calculations.
Unit Types & Pricing
TS9 offers 1-4 bedroom layouts ranging from 57sqm to 186sqm. Largest 4-bed units face North with premium views over Independence Monument and Royal Palace.
Detailed Floor Pricing
| Type | Beds | Size | Price | Target Tenant |
|---|---|---|---|---|
| Standard | 1 Bed | From 57sqm | From ~$88k | NGO staff, professionals |
| Standard | 2 Bed | TBC | TBC | Couples, long-stay |
| Standard | 3 Bed | TBC | TBC | Families |
| Premium | 4 Bed | Up to 186sqm | TBC | Owner-occupiers |
Note: Prices vary by floor. Higher floors command 2-5% premium per tier. Request official price list for confirmed figures.
Rental & Yields
BKK1 attracts professional tenants: embassy staff, NGO workers, and international business professionals. Some employers provide housing allowances; corporate leases are common.
Gross rent (57sqm 1-Bed): ~$700-850/month
Annual gross rent: ~$8.4-10.2k
Purchase price: ~$88k
Indicative gross yield: ~6-9%
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). Sources: DDProperty, dotproperty.com.vn, Realestate.com.kh. Emerging markets carry higher risk and higher liquidity – 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: 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:
Hands-off rental income in USD · Long-hold capital growth · BKK1’s proven tenant demand · Diversification away from Western markets · A developer with track record · Art-deco design differentiation
✗ This may not suit investors who:
Need a fast flip · Require mortgage financing · Want guaranteed completion dates with penalties · Are uncomfortable with frontier market risk · Need immediate rental income
Risk & Mitigations
→ Mitigated by developer track record (9+ projects, TS5 recently delivered) + SPA completion clauses
→ Conservative projections based on BKK1 comps + 1-month void assumption
→ BKK1 has strongest resale demand in Phnom Penh + realistic 3-6 month sale timeline
→ Independent lawyer review recommended before signing SPA
→ See our taxes & fees guide
Frequently Asked Questions
Can foreigners buy at Time Square 9 Gatsby?
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 6-9% based on BKK1 comparables. Actual yields depend on unit type, floor, furnishing, and market conditions. See our rental management guide for more details.
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 for what to expect.
What due diligence should I do?
Always verify developer track record, title status, and contract terms. Use our off-plan due diligence checklist and consider independent legal advice.
How do I exit/sell my investment?
You can sell to other foreigners or Cambodians. The resale market is developing – see our exit strategy guide for liquidity factors and pricing considerations.
When will Time Square 9 Gatsby be completed?
Construction began following the groundbreaking ceremony in June 2026. Targeted completion is ~2029 (indicative). Construction progress should be confirmed directly with the developer. See our banking guide for payment and transfer information.
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: 2026-07-04. Construction commenced following the June 2026 groundbreaking ceremony; timelines subject to change.
Ready to Invest in Time Square 9 Gatsby?
Secure your unit in one of BKK1’s most anticipated art-deco developments, now under construction following its June 2026 groundbreaking. Pricing from ~$1,700/sqm, flexible payment plans, and full foreign ownership eligibility. Get exclusive pricing, floorplans, and answers to your questions.
Development Details
| Developer | Megakim World Corp |
| Property Type | Apartment |
| Location | BKK1 (Boeung Keng Kang 1) |
| Total Units | 500 |
| Price Range | $87,984 - $455,000 |
| Expected Completion | 2029 |
| Current Status | Under Construction |
| Posted Date | December 19, 2025 |
| Development ID | #435 |
