Property Features:

Time Square 8 is the 8th project by the Cambodian developer Megakim World in Phnom Penh.

Located in the Toul Tom Pong area, it is the only luxury condominium project in this district.

The development includes premium amenities such as a rooftop swimming pool, a high-floor gym, a cinema, a multi-purpose hall, and a sky bar. Due to these features, demand has already been high, with more than 20% of the units sold in the first week of its launch.



Average Rental Yields:

Due to high demand in Toul Tom Pong, an area with few competing properties, rental yields are expected to reach 6-8%, even when conservatively estimated.

This makes it an attractive investment option with the potential for stable and consistent returns.



Surrounding Area:

15 minutes by car to AEON Mall (shopping center)

5 minutes by car to Sarasekai (Japanese daycare)

10 minutes by car to the Ministry of Interior and the Japanese Embassy

Within a 2 km radius, there are multiple government agencies and other foreign embassies, ensuring a very high level of safety in the area.

The neighborhood is also home to trendy casual dining spots, as well as vegan and natural food restaurants, offering a diverse and healthy food culture that is especially popular with those who are health-conscious.



Real Estate Prices and Economic Growth:

As of 2023, Phnom Penh’s population has surpassed 2 million, and it is expected to continue growing.

With a large youthful population and rapid urbanization, demand for housing and commercial spaces is anticipated to remain high.

By 2035, the population is projected to reach 6 million, which will also drive an increase in the labor force and demand for offices and commercial facilities, particularly in service and manufacturing industries.

In addition, ongoing infrastructure development and urban planning will further stimulate the real estate market, leading to the expansion of both residential and commercial developments, especially in Phnom Penh’s central and developing areas.