Time Square 11
A newly launched MegaKim WorldCorp condominium in BKK3, positioned between BKK1 and the Russian Market area for buyers who want central Phnom Penh access with a lower entry price than prime-core stock.
Project Description
Time Square 11 (Time Castle XI) is a newly launched residential condominium located in BKK3, Phnom Penh, one of the city's emerging central districts. Officially introduced in March 2026, the project is part of the established Time Square development series by MegaKim WorldCorp, known for delivering multiple residential towers across the capital.
Positioned between BKK1 and the Russian Market area, the development benefits from proximity to two of Phnom Penh's most active lifestyle and residential hubs. This location allows residents to access key business districts, international schools, dining areas, and daily conveniences within minutes.
The project consists of 39 floors and approximately 390 residential units, offering a mix of studio, one-bedroom, and two-bedroom layouts designed for modern city living. With foreign-eligible strata title ownership and a central Phnom Penh location, Time Square 11 presents an opportunity for buyers exploring residential or investment options in the city's evolving condominium market.
Location Advantage
BKK3 sits directly beside BKK1, Phnom Penh's most established lifestyle and expatriate district.
While BKK1 commands some of the highest property prices in the city, nearby BKK3 benefits from the same central accessibility while still offering relatively lower entry prices.
This dynamic creates a common pattern seen in many growing cities: prime district, then price pressure, then demand expands to neighboring areas.
As BKK1 continues to mature, nearby districts such as BKK3 naturally absorb residential demand from professionals and expatriates looking for central living options.
Location
Map Overview
Market Insights
Nearby Landmarks & Lifestyle
- Direct access to BKK1 businesses and embassy districts
- 1km each to Russian Market and BKK1 Market
- 2km to Aeon Mall
- Surrounded by local cafes and shops
- Surrounded by convenience stores and groceries
- Walking distance to both local and international schools
- In close proximity to specialty clinics
- 2km to Intercare Hospital
- 2km to National Olympic Stadium
- 300m to Toul Sleng Genocide Museum
Tenant Profile
- Mix of local and foreigner young professionals
- NGO and Embassy staff
- Corporate employees
- Long-term residents working in central Phnom Penh
They choose this district because it allows them to stay within walking or short commuting distance to BKK1, but at a more moderate rental level.
It attracts tenants who value centrality but remain price-conscious.
Investment Perspective
Projects located beside Phnom Penh's prime districts often benefit from a spillover demand effect.
When the core district reaches pricing maturity, nearby areas become the next residential choice for tenants who want proximity without paying premium rents.
- Lower entry price compared to BKK1
- Strong central location appeal
- Steady rental demand from professionals
- Exposure to continued central Phnom Penh growth
- A developer with strong proven completion track record
As Phnom Penh continues expanding its urban core, centrally located districts remain among the most resilient segments of the residential market.
Estimated Rental Demand
$300-$600 for 1-bedroom units
$700-$900 for 2-bedroom units
Project Highlights
Project Name
Time Square 11 (Time Castle XI)
Developer
Megakim World Corporation
Location
Street 113, BKK3 Phnom Penh
Property Type
Residential Condominium
Ownership
Strata Title (Freehold)
Launch Date
March 2026
Construction Date
September 2026
Handover Date
June 2029
Total No of Units
390
Total Land Size
828 sqm
Total Floors
40
Starting Price
$44,251
Management Fee
$1/sqm
Building Overview

Unit Sizes
| Unit Type | MetricGross Size | MetricNet Size | Starting Price | ImperialGross Size | ImperialNet Size |
|---|---|---|---|---|---|
| 1-Bed (Gucci) | 38 sqm | 28 sqm | From $44k | 409 sqft | 301 sqft |
| 1-Bed (Prada) | 45 sqm | 33 sqm | From $52k | 484 sqft | 355 sqft |
| 1-Bed (Chanel) | 50 sqm | 36 sqm | From $57k | 538 sqft | 388 sqft |
| 2-Bed (Hermes) | 75 sqm | 56 sqm | From $87k | 807 sqft | 603 sqft |
Payment Term Breakdown
Editable calculator based on the developer payment schedule. Adjust the rates below to match your selected unit and payment scenario.
Payment Reference
Booking Fee
- Payable upon reservation of your unit
Downpayment Installment
- Payable upon signing Sales and Purchase Agreement (SPA) within 1 month after booking
Monthly Installment
- Payable during construction period
Handover Balance
- Payable during unit handover
Selected Unit
1-Bed (Gucci)
38 sqm gross
28 sqm net
Starting Price
$44,251
Downpayment after booking fee
(0% of unit price) - booking fee
Monthly installment
0% over 0 months
Total Scheduled
$0
Figures are indicative. Final payment schedule will be confirmed by the developer.