Time Square 5, also known as Time Square 306, has officially begun its handover phase, marking an important milestone for MegaKim World Corp and Phnom Penh’s fast-growing residential landscape. As the fifth completed tower in the Time Square residential series, this on-schedule delivery reinforces the developer’s reputation for reliability and consistent execution across multiple districts of the capital.

A New Landmark In BKK1’s Urban Core

Rising 45 floors above Street 306, Time Square 5 occupies a coveted position in the center of BKK1, one of Cambodia’s most prestigious urban neighborhoods. The tower sits among international embassies, boutique shops, cafés, wellness studios, and major commercial hubs. This unmatched walkability continues to make BKK1 the preferred address for both professionals and expats seeking a modern city lifestyle.

The project’s compact and functional layouts cater to residents who prioritize convenience and a central location, including young families, couples, and those moving to Cambodia for work.

Who It’s Suited For

Its functional, compact layouts and central location make it perfectly suited for working professionals , young couples, small families, and the expat community seeking a high-quality, central residence .

Amenities Designed For Modern Living

Time Square 5 offers a full suite of lifestyle amenities that have become a trademark of the series, including:

• Sky-level infinity pool with panoramic city views

• Fully equipped fitness center

• Garden deck and relaxation areas

• Children’s play zone

• Contemporary lobby and café

• Secure access and property management services

These shared spaces position the building as a complete residential environment rather than just a place to stay.

A Track Record Of Delivery: The Time Square Series

MegaKim World Corp’s credibility has been built on delivering projects consistently in the past decade. Each completed tower has strengthened buyer confidence, especially as the Cambodian condo market becomes more selective about developer reliability .

Earlier Projects Delivered And Sold Out:

• Time Square 1: A 17-story condo in BKK1 , completed in 2017 .
• Time Square 4: A Borey community near Phnom Penh Airport in Por Senchey, completed in 2019 .
• Time Square 2: A 30-story condo in Toul Kork , completed in 2021 .
• Time Square 3: A 25-story mixed-use development also in Toul Kork , completed in 2023 .

Time Square 5 now joins this portfolio, reinforcing a pattern of projects that reach completion close to or on schedule. For buyers, this history reduces uncertainty and provides confidence in long-term commitments such as off-plan purchases.

Why This Matters To Buyers

For both local and international purchasers, this track record translates directly into stability, predictability, and reduced risk . This provides clear expectations that their purchased unit will be delivered.

IPS Cambodia recognizes that consistency in delivery is one of the strongest signals buyers look for in a growing market like Phnom Penh.

Construction Quality And Early Impressions

Based on initial handover observations and feedback from industry professionals, Time Square 5 shows noticeable design evolution compared to earlier towers in the series:

Finishing And Interiors

Communal areas feature clean, modern materials consistent with BKK1’s residential standards. Unit interiors follow practical layouts with reliable fittings, suitable for both owners and tenants looking for move-in-ready homes.

Efficient Floor Plans

The developer continues its focus on maximizing usable space with compact but well-proportioned layouts, which aligns with rental demand trends in central Phnom Penh.

Evolving Architectural Style

The progression from earlier Time Square buildings is visible in the façade detailing, amenity integration, and the adoption of more contemporary interior themes.

Why The Time Square Series Keeps Attracting Buyers

The enduring success of the Time Square series is built on a simple formula that prioritizes lifestyle and practical benefits over speculative investing.

Accessible Pricing In Key Locations

Historically, Time Square projects offer competitive price-per-square-meter rates for central districts like BKK1, Toul Kork, and TTP.

High Rental Appeal

Compact layouts, secure buildings, and central positioning align well with the preferences of Phnom Penh’s rental market .

Developer Trust

Consistent handovers across multiple mid- and high-rise projects remain a major differentiator in a market where delivery expectations matter more each year.

IPS Cambodia has managed numerous sales and rentals within the series, giving the team firsthand insight into occupancy demand and resident preferences.

IPS Perspective On The Handover

We have seen firsthand what previous Time Square residents and tenants value: the hassle-free move-in experience and the excellent location that minimizes commute times. Expectations for rental performance and tenant demand remain strong due to the building’s central address and the high standard of modern, compact urban living that Time Square 5 delivers. This continued appetite confirms that Phnom Penh’s market prioritizes a good balance of price, quality, and location.

A Look Ahead

The completion of Time Square 5 reinforces the developer’s upward trajectory and adds another modern residence to Phnom Penh’s evolving skyline. With several future towers already in progress, the series continues to offer a growing range of choices for those seeking reliable city living in one of Southeast Asia’s most accessible and fast-developing capitals.