Time Square 11 Celebrates Groundbreaking Ceremony in Prime BKK3 Location
A significant milestone has been reached for one of Phnom Penh’s newest residential developments as Time Square 11 (Time Castle BKK3) officially celebrates its groundbreaking ceremony on June 8, 2026.
បង្កើតឡើងដោយ MegaKim World Corp, the project has generated strong interest since its official launch earlier this year, attracting homebuyers and investors seeking an affordable entry point into one of Phnom Penh’s most strategically located districts.
With construction now officially underway, Time Square 11 moves from concept to reality, reinforcing the developer’s continued commitment to delivering quality condominium developments across the capital.
ទិដ្ឋភាពទូទៅនៃគម្រោង
- Project Name: Time Square 11 (Time Castle BKK3)
- ទីតាំង៖ Boeung Keng Kang 3 (BKK3), Phnom Penh
- អ្នកបង្កើតគម្រោង៖ MegaKim World Corp
- Starting Price: From approximately $1,500/sqm
- Unit Types: 1 to 2 Bedrooms
- Unit Sizes: Approximately 38–75 sqm
- Ownership: ចំណងជើងស្ត្រាតា
- Payment Terms: Up to 35–45 Months Interest-Free Installments
- Reservation Fee: From $500
- Down Payment: Starting from 20%
Bringing Affordable Urban Living to Central Phnom Penh
Time Square 11 was designed to address the growing demand for practical, modern housing within Phnom Penh’s central districts.
While neighboring BKK1 remains one of the city’s most prestigious residential areas, rising property prices have encouraged many buyers to look toward nearby districts that offer similar convenience at more accessible price points.
BKK3 has emerged as one of the strongest alternatives, offering excellent connectivity, established infrastructure, and growing residential demand.
Time Square 11 aims to provide residents with:
- Modern and functional living spaces
- Efficient layouts designed for urban lifestyles
- Contemporary shared facilities
- Professional property management
- Long-term value for both homeowners and investors
The project is particularly appealing to young professionals, first-time homebuyers, and investors seeking strong rental demand without paying premium BKK1 prices.
A Strategic Location in the Growing BKK3 District
Location continues to be one of the most important factors influencing real estate performance, and Time Square 11 benefits from a highly connected address in BKK3.
Residents will enjoy convenient access to:
- BKK1 Business District
- Tuol Sleng Area
- International Schools
- Commercial Offices
- Restaurants and Cafés
- Supermarkets and Local Markets
- Medical Facilities and Essential Services
Being only minutes away from BKK1 allows residents to enjoy the benefits of central city living while maintaining a more affordable cost of ownership.
As Phnom Penh continues to expand, BKK3 is increasingly being recognized as a strategic residential hub for both local and international residents.
Building on the Success of the Time Square Brand
The groundbreaking ceremony also represents another step forward in the continued expansion of the Time Square development series.
MegaKim World Corp has established a strong reputation through projects including:
- Time Square 1 (BKK1)
- Time Square 2 (Toul Kork)
- Time Square 3 (Toul Kork)
- Time Square 5 (BKK1)
- Time Square 6 (BKK1)
- Time Square 7 (Toul Kork)
- Time Square 8 (Russian Market Area)
- Time Square 9 (BKK1)
- Time Square 10 (Sihaoukville)
Through consistent delivery and competitive pricing strategies, the developer has earned recognition among both local buyers and foreign investors.
Time Square 11 continues this tradition by focusing on affordability, functionality, and long-term investment potential.
Strong Investment Fundamentals
The official commencement of construction provides additional confidence for buyers who have already secured units and for investors considering entry into the project.
Several factors contribute to the project’s investment appeal:
Growing Demand in BKK3
As central Phnom Penh becomes increasingly developed, districts adjacent to BKK1 continue to experience rising demand from both residents and tenants.
Competitive Entry Pricing
Compared to many projects within BKK1, Time Square 11 offers a significantly lower entry price while maintaining proximity to key commercial and lifestyle districts.
Strong Rental Potential
The location appeals to working professionals, expatriates, students, and young families, creating a broad tenant base.
Strata Title Ownership
Both Cambodian and foreign buyers can legally own condominium units under Cambodia’s strata title framework.
Potential Capital Appreciation
As infrastructure and development continue to expand throughout the BKK area, properties in strategically located districts such as BKK3 may benefit from long-term value growth.
Construction Begins as Demand for Affordable Central Living Continues to Rise
The groundbreaking ceremony marks the beginning of an exciting new phase for Time Square 11.
With construction officially underway, the project demonstrates MegaKim World Corp’s confidence in the continued growth of Phnom Penh’s residential market and the increasing demand for affordable, centrally located condominiums.
For buyers seeking a combination of location, accessibility, affordability, and investment potential, Time Square 11 remains one of the most compelling condominium opportunities currently available in Phnom Penh.
Learn More About Time Square 11
Interested buyers and investors can contact IPS Cambodia for updated pricing, floor plans, unit availability, and current promotional offers.
Contact us:
- Telegram / WhatsApp: +855 77 959 861
- អ៊ីមែល៖ inquiry@ips-cambodia.com
- Visit Our Office: No. 182 Street 63 (Corner of St. 294), BKK1, Phnom Penh
- Our Telegram Channel: IPS Cambodia (អាភីអេសខេមបូឌា)
- Our Social: YouTube, ហ្វេសប៊ុក, LinkedIn, TikTok
