Time Square 9 Condominium - Street 278, BKK1, Phnom Penh

$ 87,640 (1700/sqm)

Property Description

Time Square 9 Condominium on Street 278, BKK1, represents the next chapter of luxury living in Phnom Penh’s most exclusive residential district. Known as The Gatsby Residence, this landmark development by Megakim World Corp blends modern structural design with the timeless elegance of the 1920s. Rising 39 stories above the city, it offers a residential experience that transforms urban living into a statement of success and identity.

Project Specifications

• Location: Street 278, BKK1, Phnom Penh.
• Developer: Megakim World Corp.
• Building Height: 39 stories.
• Total Units: 600 residences.
• Architecture: 1920s Art Deco "Gatsby" design.

Market Value & Pricing

• Starting Price: From $1,700/sqm.
• District Benchmark: BKK1 condos average $2,500 – $4,000/sqm.
• Land Value Context: Local land prices exceed $7,000/sqm.
• Investment Edge: Currently the most competitive entry price in Phnom Penh’s primary residential district.

Returns & ROI

• Rental Yield: Projected 6.5% – 8.5% net yield per year.
• Capital Growth: High appreciation potential due to the low entry-to-market-value ratio.
• Ownership: Full Strata Title available for international and local buyers.

Structured Payment Terms

• Down Payment: 10% – 20% initial deposit.
• Installment Plan: 40 months interest-free (linked to construction milestones).
• Completion Balance: 40% due at handover.
• Extended Financing: Handover balance can be financed for up to 10 years.

Amenities & Facilities

• Rooftop: Infinity pool and designer sky bar with 360° city views.
• Fitness: State-of-the-art gym and wellness center.
• Social: On-site restaurant, resident lounge, and landscaped gardens.
• Security & Service: 24/7 reception, 24/7 security, and multi-level car parking.

Location Advantage

• Strategic Hub: Walking distance to major embassies, international schools, and medical centers.
• Lifestyle: Situated in the heart of BKK1’s premium dining and coffee culture.
• Proximity: Minutes to Independence Monument and the Riverside district.

IPS Full-Scope Investment Management

IPS Cambodia delivers a truly passive investment experience for overseas buyers through a comprehensive management suite:

• Legal & Due Diligence: Expert scrutiny of legal documents, purchase due diligence, title transfers, and property tax management.
• Financial Reporting: Monthly financial statements provided to all owners.
• Global Fund Access: Net rents are banked directly into your local account, accessible worldwide via Visa or Mastercard.
• Lease Acquisition: Professional marketing and vetting to secure high-quality corporate and expatriate tenants.
• Comprehensive Maintenance: Monthly fees include basic in-house repairs and preventative maintenance programs to minimize disruptions.
• Transparent Sourcing: No margins applied when sourcing replacement furniture, fittings, or equipment for your unit.
• Exit Strategy: Full re-sale marketing and sales support to maximize capital appreciation when you choose to exit.

Time Square 9 Phnom Penh delivers elegance, prestige, and security in the heart of Cambodia’s most powerful residential zone—an address designed for those who expect more from city living.

Contact IPS Cambodia today to secure your best deal!

Interested in this Street 278, Bkk1, Phnom Penh Condominium or a property similar to this? Send us a message by filling out the contact form on the right to schedule a FREE viewing with our team of professional real estate agents. IPS Cambodia offers rent and sale of Apartment in Phnom Penh, Condo for rent, office spaces for rent, and other Real Estate in Cambodia throughout Phnom Penh, Siem Reap, and Sihanoukville