Discovering Time Square 8 – Phnom Penh’s Next Big Landmark
Located in the heart of the lively Toul Tom Poung (Russian Market) area of Phnom Penh, Time Square 8 is a modern, affordable-luxury condominium project developed by Megakim World Corp. Ltd – a developer with a proven track record of seven successful projects.
Time Square 8 is designed as a 50-storey tower (total 700 units) that brings high-quality, contemporary living to one of Phnom Penh’s most dynamic neighbourhoods.
Despite being centrally located and offering premium amenities, the project is positioned to be more accessible than many luxury condos — making it attractive both for homeowners and investors seeking growth and rental potential
1. Developer Background & Track Record
MEGAKIM WORLD CORP LTD is widely recognized for:
- Successfully completing 7 previous projects across Phnom Penh.
- Consistent delivery timelines and strong construction reliability.
- A long-standing reputation for affordable yet modern residential developments.
- A strong commitment to architectural quality, good layouts, and excellent after-sales support.
- A history of properties that retain value over time and deliver solid rental performance.
Time Square 8 is their next milestone – more advanced, more modern, and even more investor friendly.
2. Project Concept & Vision
Time Square 8 is designed to achieve:
- A modern lifestyle experience with functional layouts and space efficiency.
- An affordable urban living solution in the highly desirable Toul Tumpoung zone.
- A new architectural touch that blends comfort, privacy, and strategic location.
- A development relevant to expats, young professionals, digital nomads, and long term investors.
- A perfect balance between price, location, and rental demand, making it one of the strongest value projects in 2025–2028.
3. Prime Location in Toul Tumpoung (Russian Market)
This condo sits in one of Phnom Penh’s most active and well-loved districts:
- Only 3 mins from Russian Market, a major attraction for tourists and expats.
- Walkable access to cafés, co-working spaces, supermarkets, gyms, and boutique shops.
- Surrounded by high end residential demand due to the vibrant lifestyle in the area.
- Close to international schools, hospitals, popular restaurants, and nightlife spots.
- Known as one of the city’s top rental hotspots, ensuring stable tenant inflow.
- Highly convenient for both long-term residents and short term rental guests.
4. Available Unit Types, Sizes & Prices
Time Square 8 features a variety of units suitable for all lifestyles:
| Unit Type | Size (sqm) | Price (USD) |
|---|---|---|
| Studio Unit | 47 | $75,375 |
| 1 Bedroom – Type D, E, F, G, H, & I | 60 | $86,625 |
| 2 Bedrooms – Type Q & R | 73 | $103,125 |
| 2 Bedrooms – Type B & C | 88 | $130,350 |
| 3 Bedrooms – Type A | 111 | $139,025 |
| 1 Bed Duplex – Type L & M | 79 | $117,410 |
| 2 Beds Duplex – Type G & H | 104 | $148,200 |
| 3 Beds Duplex – type Q & R | 124 | $176,700 |
| 3 Beds Duplex – Type W | 140 | $199,500 |
| 4 Beds Duplex – Type B & C | 167 | $237,500 |
| 4 Beds Duplex – Type A | 173 | $250,900 |
5. Full Lifestyle Amenities & Modern Living Standards
Time Square 8 doesn’t just offer an apartment — it offers a full urban-living experience. Facilities include (but are not limited to):
- Rooftop / sky level amenities: Infinity pool (city-view pool on upper floors)
- Sky lounge / sky bar for socializing and entertaining.
- Fitness center / gym and sports facilities (e.g. tennis court) for active lifestyle residents.
- Multi-purpose hall / cinema / common areas – much more than just a place to sleep.
- Parking: multi-level parking (basement + several floors of parking), which is a practical advantage in a dense urban area.
6. Construction Status & Completion Timeline
Time Square 8 is planned for:
- Full completion in 2028.
- Ongoing construction progress following MEGAKIM’s strong track record.
- Reliable engineering partners and quality control.
- Delivery standards matching their previous 7 successful projects.
- A predictable, well managed timeline benefiting long-term planning buyers.
7. Payment Plan
The project offers simple, flexible plans:
- Booking / Reservation: Pay $2,000 – $5,000 to secure your unit.
- Down Payment: Pay 10% of the total unit price within 1–2 weeks of signing the contract.
- 2nd Installment: Pay 10% of the unit price, typically 1 month after the down payment.
- 3rd Installment: Pay 10% of the unit price, 1–2 months later during early construction.
- 4th Installment: Pay 10–15% as construction reaches approximately 30–50% completion.
- 5th Installment: Pay 10–15% as construction reaches approximately 60–80% completion.
- Final Installment / Handover: Pay the remaining 25–30% before ownership transfer upon project completion (expected 2028).
Notes:
- Booking amount is deducted from the first installment.
- Percentages may vary slightly depending on unit type, floor, or developer promotions.
- Some developers offer flexible payment options or discounts for early full payment.
8. Attractive ROI & Rental Potential
- The projected rental yield is strong – many sources suggest 7–9% rental yield annually, which is considered high compared with many regional markets.
- Value appreciation: Because the project is relatively early in development and prices per sqm appear competitive compared to many high-end condos, there is real potential for capital growth when Phnom Penh’s property market rebounds.
- Secure ownership: With Hard Title / Freehold (or Strata Title depending on unit/floor) – giving owners clear legal standing and easier resale or rental, both to locals and foreigners.
9. What Makes Time Square 8 Special
- Balance of price, quality, and location: many luxury condos aim for high-end buyers only; Time Square 8 positions itself to offer quality & amenities but at a price point that’s more widely accessible (including to middle-class locals, small families, or first-time buyers).
- Diverse unit options: from compact 1-bedrooms to spacious duplexes. This flexibility widens the target demographic: singles, couples, families, expats, investors.
- Strong pre-sales performance: as of recent updates, a high percentage of units are already sold (in some listings ~78–85%), a sign of investor/buyer trust and market demand.
- Integrated lifestyle amenities: landscaped common areas, sky-pool, gym, recreation, parking — offering urban living comforts usually found only in high-end developments.
- Strategic timing in market cycle: finishing in 2028 might align with expected rebound or appreciation phases in Phnom Penh real estate market, offering upside potential on both rental yield and capital growth.
10. Who Should Consider Buying / Investing in Time Square 8
- Young professionals or expats seeking a modern, convenient condo in central Phnom Penh with lifestyle perks and easy access to city amenities.
- Small families / couples who want more than a small apartment – 2 0r 3 bedroom units provide enough space and comfort, plus proximity to schools, shops, transport.
- Investors (local & international) looking for rental income: high yield (7–9% annually), appealing to tenants (expats, professionals, students), and strong potential for capital appreciation.
- First-time buyers / middle-class Cambodians – with flexible pricing and payment plans, Time Square 8 could be a gateway into property ownership without the premium condo price tag.
- Buyers seeking long-term investment – even if you wait until 2028 handover, the combination of strategic location, amenities, and developer reputation suggests good resale value or steady rental returns.
A Rare Opportunity You Don’t Want to Miss!
Time Square 8 is more than just another condominium project – it is a strategic, future ready investment positioned at the heart of one of Phnom Penh’s most dynamic neighborhoods. Backed by the trusted legacy of MEGAKIM WORLD CORP LTD, this development delivers the perfect blend of affordability, modern living, strong rental demand, and high future growth potential. With a completion date set for 2028, buyers have a rare window to secure a high-value property at an accessible price before the area’s next surge in appreciation.
From its unbeatable Toul Tumpoung location to its investor friendly payment plans and guaranteed rental return options, Time Square 8 stands out as a project designed to maximize both lifestyle comfort and long term financial gain. Whether you’re a first time buyer, seasoned investor, or someone seeking a modern urban home, Time Square 8 offers unmatched advantages that are becoming increasingly rare in Phnom Penh’s evolving real estate landscape.
In a fast growing city where prime districts are quickly becoming expensive, Time Square 8 provides the chance to invest early – at the right time, in the right place, with the right developer.
This is your moment to secure a property that will continue to grow in value, demand, and desirability for years to come.
View more details, pricing, and availability here:
