2024-11-18 UPDATED
USD 62,208 ~ 154,350
Time Square 3
St 604 Sangkat Boeung Kak2 Khan Tuol Kouk Phnom Penh Cambodia
36.0 ~ 75.0 ㎡ 1 ~ 3 Bedrooms
Type of Property | Condominium / Apartment |
---|---|
Total Levels | 25-Story |
Built in | January 2023 |
Total Units | 280 |
Immediate Move-in | Yes |
Expected Move In Date | - |
Sold by | Megakim World Corp Ltd. |
Managed by | Megakim World Corp Ltd. |
Size | 36.0 ~ 75.0 sqm(㎡) / 387.5 ~ 807.29 sqf |
Land Rights | Freehold |
Floor plans
1 Bedroom
- 36.0㎡
- 1
2 Bedroom
- 50.0㎡
- 2
3 Bedroom
- 75.0㎡
- 3
Description
【Property Highlights】
Times Square 3 is a mixed-use condominium located in the heart of Cambodia's capital, Phnom Penh.
The condominium offers a variety of shared amenities, including a fitness gym and a swimming pool.
The rooftop features a popular sky bar, which has become a local favorite. Additionally, the office spaces within the building are nearly fully occupied, with a high concentration of tenants such as law firms.
【Average Yield】
The average yield ranges from 6% to 10%. With a price per square meter that is approximately half of the current real estate market rate in Cambodia, this property offers the potential for even higher returns in the future.
【Surrounding Environment】
10 minutes by car to AEON Mall (shopping mall)
7 minutes on foot to TK Avenue Mall (shopping mall)
5 minutes on foot to 7-Eleven (convenience store)
In addition to these conveniences, the surrounding area is well-developed, making it a comfortable living environment. It is home to various educational institutions such as “TG International School,” “Western International School,” and “Paragon International School,” as well as numerous medical facilities. This has made the area highly popular among expatriates and affluent local residents.
【Increase in Real Estate Prices and Living Costs in the Surrounding Area】
The area is currently experiencing rapid growth, with numerous new projects underway, which further enhances its appeal as an investment destination.
The expansion of the city is driving increased demand for both residential and commercial real estate, coupled with improvements in local infrastructure, leading to anticipated growth in property values.
As one of the most accessible and high-potential areas in Phnom Penh, this neighborhood is attracting significant interest from investors. Investing now presents a promising opportunity for future returns.
Developer information
Megakim World Corp Ltd.
Megakim World Corp Ltd. is a developer in Cambodia that has successfully completed 2 previous projects in the capital city of Phnom Penh. The company continues to expand and build on it's reputation in the Kingdom with it's quality buildings.