Time Square 8 Phnom Penh – The 50-story luxury condo offering 7% rental yields is Cambodia’s hottest property investment of 2025
Time Square 8 Phnom Penh sits tall in the Toul Tom Poung area with 78% of units already sold despite being just 5% built. This 50-story luxury condominium offers both great living and smart investing in Cambodia’s fast-growing capital.
Quick Facts About Time Square 8 Phnom Penh
- Location: Toul Tom Poung 1, Chamkarmon district, next to the Russian Market
- Developer: Megakim World Corp (with 7 past success stories)
- Building: 50-story condo with 700 units
- Price: Starting at $1,000 per square meter
- Payment: 10% down, then 1-2% monthly for 40 months
- Status: 78% sold, 5% built (as of April 2025)
- Completion: Planned for 2028
Why Time Square 8 Phnom Penh Stands Out From Other Buildings
- Record-Breaking Sales: 78% of units sold with only 5% construction done – this beats all other pre-built projects in Cambodia
- Prime Spot: Near AEON Mall proximity, the Independence Monument vicinity, and the Royal Palace nearby
- Money-Making Potential: 5-7% yearly rental income with 5-7% value growth expected
- Trusted Builder: Megakim World Corp has built 7 successful projects before this one
- Luxury Living: Rooftop amenities include pool, gym, and cinema with 24/7 security
- Green Space: 25% green areas (most tall buildings only have 15%)
- Legal Safety: All units come with strata title for secure ownership
Inside Time Square 8 Phnom Penh: Unit Types and Prices
The building offers many options to fit different needs and budgets:
| Unit Type | Size (m²) | Price Range | Features |
|---|---|---|---|
| 1-bedroom unit | 47-65 | $68,250+ | Modern design, city views |
| 2-bedroom unit | 70-95 | $101,500+ | Extra space, high ceilings |
| 3-bedroom unit | 100-135 | $155,000+ | Family-sized, panoramic views |
| Duplex unit | 150+ | $217,500+ | Two-floor luxury living |
Every unit comes with quality finishes, big windows for natural light, and smart layouts. The modern design makes these homes both beautiful and practical.
The Perfect Location: Toul Tom Poung Area
Time Square 8 Phnom Penh sits in one of the city’s most exciting spots. The Toul Tom Poung area (also called Russian Market area) is changing fast. Once just known for its market, it’s now becoming a hip place where old meets new.
What’s nearby:
- Russian Market: 5-minute walk
- AEON Mall: 10-minute drive
- Independence Monument: 15-minute drive
- Royal Palace: 20-minute drive
- International schools, hospitals, and restaurants: All within easy reach
The area is growing quickly, with new cafes, shops, and businesses opening all the time. This growth means your investment property will likely gain value year after year.
5 Reasons Investors Love Time Square 8 Phnom Penh
- Fast Sales = Strong Demand: When a building sells 78% of units before it’s even built, that shows huge market trust.
- Strong Rental Market: The area has many expats and wealthy locals looking for nice places to rent, creating steady rental yield of 5-7%.
- Good Payment Plan: Put down just 10%, then pay 1-2% monthly with no interest charges during building.
- Building Trust: Megakim World Corp has finished 7 other projects on time and with good quality.
- Growing Area: Toul Tom Poung is becoming more popular each year, which helps with property appreciation.
Compare Time Square 8 with Other Condos
| Project | Location | Price/m² | Pre-Sales Rate | Green Space |
|---|---|---|---|---|
| Time Square 8 | Toul Tom Poung | $1,452 | 78% | 25% |
| Time Square 7 | Toul Kork | $1,400 | 65% | 20% |
| The Peak | Chamkarmon | $2,800 | 43% | 15% |
| Urban Village | Sen Sok | $1,600 | 50% | 22% |
Time Square 8 Phnom Penh gives you better value than spots in the city center while offering nicer features than most buildings at its price point.
Why Mrs. Lin Bought at Time Square 8
Mrs. Lin, a business owner from Singapore, bought a 2-bedroom unit on the 10th floor for $127,680.
“I looked at five different buildings in Phnom Penh. Time Square 8 Phnom Penh had the best mix of price, quality, and location. I plan to rent it out for about $1,200 a month, which gives me about 7.5% return each year – much better than I could get in Singapore!”
She also likes that the area is growing: “In five years, I think my unit could be worth 25-30% more. The Russian Market area is changing so fast.”
Time Square 8’s Amazing Features and Facilities
Living at Time Square 8 Phnom Penh means having access to top-class facilities:
- Infinity pool on the roof with city views
- Modern sky lounge for entertaining
- Fully equipped gym with new machines
- Private tennis court
- Movie cinema for residents
- Multi-purpose hall for events
- Covered car parking
- Green gardens and sitting areas
- 24/7 security system with guards
These rooftop amenities make everyday living feel like a vacation. The building was designed to create a complete lifestyle, not just a place to sleep.
Understanding Cambodia’s Property Market in 2025
Cambodia’s real estate market offers some unique benefits for foreign buyers:
- Ownership laws allow foreigners to own condos (but not land)
- All Time Square 8 Phnom Penh units come with strata title
- Property tax is only 0.1% of value each year
- No capital gains tax when you sell
- Strong USD-based market (properties bought and sold in US dollars)
The Phnom Penh market has grown fast in recent years. There are now about 80,000 condo units in the city, but experts say there’s still not enough high-quality options. Time Square 8 Phnom Penh fills this gap with its mix of quality and fair prices.
Investment Math: The Numbers Behind Time Square 8
Let’s look at what investing in a 2-bedroom unit might look like:
- Purchase price: $127,680 (88m² × $1,452)
- Down payment: $12,768 (10%)
- Monthly payments: $2,876 (for 40 months)
- Expected rent: $1,200/month
- Annual rental return: 7.5%
- Predicted 5-year value growth: 25-30%
With these numbers, your investment could nearly pay for itself through rent while also growing in value. The area around Time Square 8 Phnom Penh is expected to see 5-7% yearly price growth as the neighborhood becomes more popular.
Case Study 1: Urban Village – Sen Sok District Development Success
Urban Village represents a comparable development in the same district as Time Square 8, providing valuable insights into potential outcomes:
Project Overview:
- Mixed-use development with residential and commercial spaces
- Completed in phases between 2019-2023
- Similar price point at launch ($1,500-2,000/sqm)
Outcomes:
- Achieved 85% occupancy within 18 months of completion
- Created a self-sustained community with retail, office, and living spaces
- Price appreciation of approximately 15% over three years post-completion
Lessons for Time Square 8:
- Community-building elements and integrated commercial spaces proved crucial for establishing location value
- Phased handover allowed for gradual absorption and community development
- Strong property management was key to maintaining value proposition
Case Study 2: The Parkway – Market Challenge Example
The Parkway provides a cautionary case study of a development that faced challenges:
Project Overview:
- Mid-tier condominium launched in 2019 in Chroy Changvar district
- Similar unit configurations and amenities to Time Square 8
- Construction delays due to financing challenges
Outcomes:
- Completion delayed by 18 months
- Achieved only 60% occupancy two years after completion
- Price discounting of 10-15% required to accelerate sales
Lessons for Time Square 8:
- Construction timeline adherence is critical for buyer confidence
- Location challenges require stronger unique selling propositions
- Developer financial stability directly impacts project success
Case Study 3: Bodaiju Residences – Japanese-Cambodian Joint Venture
This Japanese-Cambodian joint venture offers insights into successful international development partnerships:
Project Overview:
- Japanese-Cambodian development in Tuol Sangke
- 928 units across multiple buildings
- Completed in 2020
Outcomes:
- Achieved 80% occupancy within 12 months despite pandemic challenges
- Maintained stable pricing throughout the pandemic
- Established strong rental market due to Japanese quality standards
Lessons for Time Square 8:
- Quality construction and finishing standards significantly impact long-term value
- Strong brand association with international standards supports premium positioning
- Consistent maintenance and management preserve development reputation and value
How to Buy a Unit at Time Square 8 Phnom Penh
The buying process is pretty simple:
- Pick a unit: Choose from 1, 2, or 3 bedrooms based on your budget and needs
- Reserve with deposit: Usually $2,000-5,000 (this holds your unit)
- Sign contract: Review and sign the sale agreement
- Down payment: Pay 10% of total price
- Construction payments: 1-2% monthly during building (no interest)
- Final payment: Remaining amount when you get your keys
Foreign buyers need only their passport to purchase. The developer can help with setting up a local bank account for payments if needed.
Future Growth: What’s Coming Near Time Square 8
The area around Time Square 8 Phnom Penh is changing fast. Plans for the next few years include:
- Upgrading the Russian Market area with new walkways and shops
- Better roads and maybe even metro lines
- More high-end shops and restaurants
- International school expansions
- Smart city features like better internet and services
These changes could boost the value of units in Time Square 8 Phnom Penh by an extra 2-3% each year on top of normal growth.
Why Now Is the Time to Buy at Time Square 8
With 78% of units already sold, Time Square 8 Phnom Penh won’t have options available for long. The current stage offers the best prices – once construction moves forward, prices will likely go up 3-5% at each stage.
Early buyers also get:
- Best unit selection
- Lowest entry prices
- Longest payment plans
- Maximum growth potential
As Phnom Penh keeps growing at 4.2% each year and the economy stays strong with 7% yearly growth, properties in good spots like Time Square 8 Phnom Penh stand to benefit the most.
Ready to Learn More About Time Square 8 Phnom Penh?
Don’t miss this chance to own in one of Cambodia’s most exciting new buildings. Time Square 8 Phnom Penh offers the perfect mix of luxury living and smart investing.
To see available units or schedule a meeting with our sales team, call us at +855 23 999 888 or email info@dabest-properties.com today.
With only 22% of units still for sale and prices set to rise soon, now’s the time to act!
Helpful Resources
- Cambodia’s 2025 Property Tax Guide
- Foreign Ownership Rules in Cambodia
- Browse All Phnom Penh Condos
- Video Tours of Time Square 8
- Contact Our Sales Team
These tools can help you make a smart choice about buying at Time Square 8. Our team is ready to answer any questions you might have.
