Time Square 11 – Time Castle XI
Street 113, Boeung Keng Kang 3 (BKK3), Phnom Penh
Hard Title & Legal Ownership
Title Unverified
Title status has not been independently confirmed by Bricks Property Network. Buyers must conduct their own legal due diligence before committing to any purchase.
All title and legal information on this page requires independent verification by a qualified Cambodian property lawyer before any purchase commitment. Bricks Property Network is not a legal adviser.
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 Type | Size (sqm) | Price From | Price To |
|---|---|---|---|
| 1 Bedroom (Compact) | ~38 | USD 44,251 | — |
| 1 Bedroom (Medium) | ~45 | USD 52,153 | — |
| 1 Bedroom (Large) | ~50 | USD 56,894 | — |
| 2 Bedrooms | ~75 | USD 86,922 | — |
Indicative advertised starting price — not a verified developer price list
Pricing & Acquisition Cost
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
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
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 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
Research confidence scorecard — rated High, Medium or Low based on available evidence.
Sources & Verification
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.
Pros & Cons
- BKK1/BKK3 location — prime central Phnom Penh address
- Strong rental demand from expats and international businesses
- Good access to BKK1 lifestyle and commercial amenities
- 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?
Prime BKK1 location with consistent expat rental demand.
Central location with excellent amenity access.
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
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
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.
Long-term rental investors and owner-occupiers seeking a prime BKK1 address.
Limited verified information, title verification required, premium pricing, supply competition.
Verify title with a Cambodian lawyer. Confirm current pricing and availability.
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.
Enquire About This Project
Hard Title. Individual unit title status requires independent verification with a qualified Cambodian property lawyer.
View full title detailsNeed expert advice?
Bricks Consultancy provides commission-free, independent advice for Cambodia property investors and developers.
Learn MoreThis 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.
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