2024-11-26 UPDATED
USD 132,217 ~ 149,410
Time Square 302
St. 302, BKK1 BKK 1 Phnom Penh Cambodia
67.0 ㎡ 1 Bedrooms
Type of Property | Condominium / Apartment |
---|---|
Access | A 40-minute drive to Phnom Penh International Airport |
Total Levels | 49-Story |
Built in | July 2026(scheduled) |
Total Units | 370 |
Immediate Move-in | No |
Expected Move In Date | Negotiable |
Sold by | Megakim World Corp Ltd. |
Managed by | Megakim World Corp Ltd. |
Size | 67.0 sqm(㎡) / 721.18 sqf |
Land Rights | Freehold |
Floor plans
1Bedroom
- 67.0㎡
- 1
Description
[Property Highlights]
Time Square 302 is the latest project by Mega Kim World Corp., a highly reliable developer with a strong track record of successful developments in Cambodia.
Located in Phnom Penh's Boeung Keng Kang 1 (BKK1) district, known as an ultra-luxury residential area, it is at the heart of commercial facilities, cafes, and international businesses.
[Average Rental Yield]
The average rental yield for condominiums in Boeung Keng Kang 1 (BKK1), where Time Square 302 is located, ranges from approximately 5% to 8%.
This area is highly popular among foreign expatriates and high-income business professionals, ensuring stable demand and solidifying its reputation as an investment hotspot.
Additionally, the novelty of the project and its high-end amenities are expected to result in yields that may exceed this range in individual cases.
[Surrounding Environment]
Aeon Mall (shopping mall): 10-minute drive
Sunrise Medical Center (hospital): 15-minute drive
Marugame Seimen (Japanese noodle restaurant): 1-minute walk
Time Square 302 is located in Boeung Keng Kang 1 (BKK1), offering the convenience of urban living and a luxurious residential environment.
The surrounding infrastructure is well-developed, catering to expatriates with facilities such as the "International School of Phnom Penh" and the "British School of Cambodia."
[Real Estate Prices or Inflation Rate in Surrounding Areas]
Phnom Penh, particularly the Boeung Keng Kang 1 (BKK1) area, has been rapidly developing, with significant real estate price increases in recent years.
The area has seen a surge in new shopping malls, office buildings, restaurants, cafes, and educational institutions, attracting attention from residents and investors alike.
For instance, increasing demand for residential properties and the development of nearby commercial facilities have contributed to an annual rise in property values.
This trend is driven by improved urban infrastructure, a growing young population, and abundant investment opportunities.
With ongoing developments and infrastructure upgrades, the value of properties in this area is expected to continue rising in the future.
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.