Time Square 11 – Time Castle XI
Public Records OnlyUnder ConstructionTitle Unverified

Time Square 11 – Time Castle XI

Street 113, Boeung Keng Kang 3 (BKK3), Phnom Penh

Developer
Megakim World Corp. Ltd.
Type
Residential Condominium
Total Units
390
Completion
2029
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About This Project

Time Square 11, also known as Time Castle XI, is a residential condominium development by Megakim World Corp. Ltd. in Boeung Keng Kang 3 (BKK3), Phnom Penh. Located on Street 113, the project sits between the established BKK1 area and the Russian Market neighbourhood, providing access to restaurants, cafés, retail outlets, schools, workplaces and everyday services. The project is marketed as a 39-storey residential tower with approximately 390 units. Its advertised unit mix focuses on compact one-bedroom and two-bedroom apartments intended for owner-occupiers, young professionals, smaller households and property investors. Public project information describes planned shared facilities such as a rooftop swimming pool, fitness facilities, communal and landscaped spaces, parking and backup power. Buyers should confirm the final facility list, specifications, furnishing provisions and handover standard against the current developer-issued documentation. The project officially launched in March 2026, and a groundbreaking ceremony was reported on 8 June 2026. It should therefore be presented as an under-construction development, not merely as an unlaunched pre-launch proposal.

Key Highlights

  • Central BKK3 location on Street 113, between BKK1 and the Russian Market area
  • Marketed under the names Time Square 11 and Time Castle XI
  • Approximately 390 units reported across a 39-storey tower
  • Compact one-bedroom and two-bedroom apartment layouts
  • Advertised gross areas of approximately 38–75 sqm
  • Planned rooftop swimming pool, fitness facilities and communal spaces
  • Published completion target of June 2029
  • Strata-title ownership advertised, subject to independent legal verification

Unit Types & Inventory

Unit TypeSize (sqm)Price FromPrice To
1 Bedroom (Compact)~38USD 44,251—
1 Bedroom (Medium)~45USD 52,153—
1 Bedroom (Large)~50USD 56,894—
2 Bedrooms~75USD 86,922—

Indicative advertised starting price — not a verified developer price list

Pricing & Acquisition Cost

Indicative Price Range
From approx. US$44,251 — US$86,922
Indicative advertised starting price — not a verified developer price list
Estimated Rental Yield
7.0%–9.0% per year
Gross yield estimate — requires verification

Typical acquisition costs in Cambodia include a 4% transfer tax, stamp duty, notary fees (approx. 0.5–1%), and legal fees. Foreign buyers purchasing via co-ownership (strata) title should budget an additional 1–2% for title registration. All figures are indicative — consult a qualified Cambodian property lawyer for a full cost breakdown specific to your transaction.

Investment Considerations

BKK3 is an established central Phnom Penh neighbourhood positioned between BKK1 and the Russian Market area. Its surrounding amenities may support residential demand, but rental performance will depend on the individual unit, purchase price, competing supply, building quality, handover timing and actual tenant demand. A developer's experience with other projects may provide useful background, but it does not establish that Time Square 11 will be delivered on a specific date, that its title documents have been issued, or that it will achieve a particular rental return. Off-plan buyers should also consider construction and handover risk, the potential for changes in market conditions before completion, resale liquidity and competition from other condominium developments. No rental return or capital appreciation is guaranteed.

Rental & Investment Analysis

Est. Gross Yield
7.0%–9.0% per year
Total Units
390
Completion
2029
Price From
USD 44,251
Price To
USD 86,922
Management Fee
Approx. US$1.00/sqm/month — current contractual rate

Yield estimates are gross figures sourced from developer materials and local agent feedback. Net yields after management fees, vacancy, maintenance and taxes will be lower. All figures require independent verification.

Developer Background

Megakim World Corp. Ltd. is identified as the developer of Time Square 11 in publicly available project information and Cambodian property listings. The Time Square brand is associated with multiple residential developments in Phnom Penh. A developer's experience with other projects may provide useful background, but it does not establish that Time Square 11 will be delivered on a specific date, that its title documents have been issued, or that it will achieve a particular rental return. Prospective buyers should review the developer's project-specific documentation, construction progress, sale and purchase terms, title arrangements and contractual handover obligations.

Construction & Handover

Status
Under Construction
Target Completion
2029
Last Researched
18 October 2026

Construction timelines in Cambodia are subject to change. Off-plan buyers should verify current construction progress and obtain contractual protections for delays before committing.

Approvals & Compliance

Construction permit: Not independently verified. Environmental Impact Assessment / Approval: Not independently verified. Completion and occupancy documentation: Not yet verified; the project remains under construction.

Permit and compliance status should be independently verified with the relevant Cambodian authorities (Ministry of Land Management, Urban Planning and Construction) before any purchase.

Building Management

Management Fee
Approx. US$1.00/sqm/month — current contractual rate

Management fee structures in Cambodia vary significantly between projects. Buyers should obtain a copy of the building management agreement and verify all fees, service charges, and sinking fund contributions before purchase.

Risk Assessment

Overall Risk Rating
Medium-High

Research confidence scorecard — rated High, Medium or Low based on available evidence.

Developer Track Record
Medium
Title Security
Medium
Location Fundamentals
High
Construction Progress
Medium
Rental Demand
Medium
Resale Prospects
Medium
Overall Confidence
Medium

Sources & Verification

Public Records Only

Information is sourced from public records and developer marketing materials only. Independent verification is strongly recommended.

Information is sourced from public records and developer marketing materials only. Independent verification is strongly recommended. Public property listings reviewed include all available trusted online portals in Cambodia and other local property-market sources. Their figures may differ and are not substitutes for official records or direct confirmation from the legal developer. Research Integrity Level: Publicly and Developer Reported — Independent Verification Required.

Last Researched
18 October 2026
Research Integrity Level
Public Records Only

Pros & Cons

Advantages
  • BKK1/BKK3 location — prime central Phnom Penh address
  • Strong rental demand from expats and international businesses
  • Good access to BKK1 lifestyle and commercial amenities
Disadvantages
  • Public Records Only — limited verified information
  • Title status requires independent legal verification
  • BKK1 supply competition from multiple premium developments
  • Premium pricing may compress rental yields

Who Is This Project Suitable For?

May Be Suitable For
Long-term rental investors

Prime BKK1 location with consistent expat rental demand.

Owner-occupiers

Central location with excellent amenity access.

May Not Be Suitable For
Budget investors: BKK1 pricing is among the highest in Phnom Penh.
Buyers requiring confirmed title: Title requires independent legal verification.

Buyer suitability assessments are general in nature and do not constitute personalised financial or legal advice. All buyers should independently assess their own circumstances before making any property investment decision.

Location Highlights

District
BKK1/BKK3, Chamkarmon District
Main Road
Street 51 / Norodom Boulevard corridor
Distance to City Centre
Central Phnom Penh — 0–2 km from major business and lifestyle hubs

Nearby Amenities & Landmarks

  • BKK1 restaurants, cafes and retail
  • International schools
  • Embassies
  • AEON Mall 1
  • Tonle Bassac riverside

Infrastructure & Connectivity

BKK1 is the most developed and well-serviced area in Phnom Penh.

No major new infrastructure required.

Editor's Investment Advice

CAN BUY
Worth Considering for the Right Buyer
Assessed: 25 October 2026

Time Square 11 shares the BKK1/BKK3 location advantage of its sister towers. Limited verified information requires thorough independent due diligence. Suitable for long-term rental investors and owner-occupiers who verify title and confirm current pricing.

Most Suitable Buyer

Long-term rental investors and owner-occupiers seeking a prime BKK1 address.

Principal Risks

Limited verified information, title verification required, premium pricing, supply competition.

Key Checks Before Purchase

Verify title with a Cambodian lawyer. Confirm current pricing and availability.

When This May Change

Verified title and confirmed competitive pricing would strengthen the assessment.

Investment Disclaimer: Editor's Investment Advice represents an independent editorial assessment based on information available at the date of publication. The labels "MUST BUY", "CAN BUY" and "AVOID" are general opinions for informational purposes only and do not constitute financial, legal, tax or personalised investment advice. Property prices, rental income, capital appreciation and resale liquidity are not guaranteed. Buyers should independently assess their financial circumstances, investment objectives and risk tolerance before making any purchase.

Legal Title Disclaimer: Bricks Consultancy is not a law firm and does not provide legal opinions or certify property ownership. Title status, title transferability, foreign ownership eligibility, encumbrances, permits and other legal matters must be independently verified by a qualified Cambodian property lawyer and the relevant authorities before any payment or purchase commitment.

View full disclaimers
Indicative advertised starting price — not a verified developer price list
From approx. US$44,251 — US$86,922
Est. Rental Yield7.0%–9.0% per year

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Title Unverified

Hard Title. Individual unit title status requires independent verification with a qualified Cambodian property lawyer.

View full title details
Risk RatingMedium-High
Overall ConfidenceMedium
Title SecurityMedium
Developer Track RecordMedium

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This listing is for research purposes only. Bricks Property Network is not a licensed real estate agent. All prices are indicative. This is not financial or legal advice. Always seek independent professional advice before making any property investment decision.