Author: James Whitehead
Published: 2025-05-16
Categories: Buying, Investor Guide, Property Market news
Megakim World Corp., the development firm behind the Time Square condominium series, has been operating since 2011 in Cambodia with a very strong track record of completing projects on schedule, to high quality specifications.
Below is a summary of the developer’s current project portfolio in Cambodia, with prime condominium offerings in both Phnom Penh and Sihanoukville, 100% applicable for foreign ownership:

Time Square 1 is a 17-storey project in BKK1 district, Phnom Penh , including 78 one- and two-bedroom units. The project is primely located and includes hotel-standard amenities. The project is currently at around 85% total occupancy as of 2025.
Located in Toul Kork district of Phnom Penh , this 30-storey condominium project offers spacious 1-3 bedroom units with modern interior designs and amenities.
Time Square 3 is a 25-storey mixed-use development in the heart of Toul Kork district, Phnom Penh . The project includes 280 residential units and commercial spaces. The project is currently at around 85% total occupancy as of 2025.
Otherwise known as Time Square 306, Time Square 5 is located in Phnom Penh’s BKK1 district . The project is 45-storeys high and includes 350 units with amenities like a gym, infinity pool, and sky-garden deck. A perfect spot for corporate tenants, and those that want to live in the heart of Phnom Penh’s most popular expatriate zone.
Time Square 6, better known as Time Square 302, is a 48-storey residential tower in BKK1 , featuring one and two-bedroom units, and luxurious built in amenities. The project construction progress is currently at 92% and is scheduled for handover to buyers in 2027.

Time Square 7 launched construction in 2024. Once completed, the project will be 49-storey high and primely located in Toul Kork district (around 2 minutes from Time Square 3 location), offering 700 modern luxury condos with 1-3 bedrooms. The project is near a wide range of shopping centers and educational institutions (in the capital city’s University district, and a short drive to the CBD). The project construction progress is currently at 70%.
Located in Toul Tum Poung 1, better known as the Russian Market area of Phnom Penh , this 50-storey condo offers 700 units with premium amenities, just minutes away from BKK1 and the CBD. Russian Market is a quiet and multicultural location, ideal for inner-city living. The project is already 75% sold out, having launched construction in April 2025. The project construction progress is currently at 30%.
Inspired by 1920s nostalgia, Time Square 9 The Gatsby Residence will offer stylish and comfortable living spaces, with a prime location in the capital’s St. 278, BKK1 district , Phnom Penh . This project offers from 1-4 bedrooms and penthouse units with a price starting from $1,700/sqm.
Time Square 10 Otres 1, Sihanoukville , launched on 4 December 2025, and offers ocean-view condos with prices starting from $1000 p/m2. The project represents Time Square’s first coastal project, with a prime location on one of Sihanoukville’s most serene and coveted beaches. The project construction progress is currently at 15%.
Interested in investing in one of Megakim World Corp’s latest projects?
Get in touch with IPS Cambodia today to find out why both local and foreign investors love the Time Square condo series – and secure your unit!
The blueprint for Phnom Penh’s expansion is moving eastward. On January 28, 2026, the Ministry of Public Works and Transport (MPWT) convened a high-level meeting to accelerate the study and construction of the much-anticipated bridge connecting Koh Norea to the Mekong Quay (Mekong City) satellite area in Arey Ksat.
Phnom Penh’s most prestigious residential district is set to welcome another standout development with the introduction of Le Condé 2, a 60-storey luxury condominium poised to enhance the skyline of BKK1 (Boeung Keng Kang 1). Following the successful delivery of Le Condé 1 (Le Condé BKK1), this highly anticipated project continues the developer’s vision of refined urban living, offering a premium lifestyle combined with strong long-term investment appeal in the city’s most sought-after location.
Over the last decade, Phnom Penh’s skyline has changed dramatically. But if you want to see where the real “new” Phnom Penh is being built, you have to look toward the water. Phnom Penh is one of the few capital cities in the world defined by the meeting of three major rivers: the Mekong, the Tonle Sap, and the Bassac. Historically, these rivers were the lifeblood of trade; today, they are the driving force behind the city’s most prestigious real estate.