Deep in the booming real estate of Phnom Penh, two buildings are changing luxury living forever; Time Square 7 and Time Square 8. Developed by Megakim World Corp., these mega-scale condominium projects are selling out at an unprecedented pace, making them a hot topic among savvy investors and eager homebuyers alike. Now, let’s get into why these developments are so deliciously irresistible.
Prime Locations
Time Square 7 is located in the bustling Toul Kork district, which is quickly becoming an attractive business center. Its counterpart, Time Square 8, is strategically located in the vibrant Toul Tompoung neighborhood, also known as the Russian Market area. These locations offer residents unmatched access to assorted society landmarks, shopping malls, international academic establishments, as well as an extensive-range of dining and entertainment options.
Time Square 7
This 48-story stunner offers a suite of luxury amenities including:
- A rooftop infinity pool and sky gym on the 48th floor
- An all-in-one Time Square Club at the 34th floor with game lounge, cinema studio, and sports facilities
- Various residential unit types, such as duplex and loft floors
Time Square 8
Soaring 50-stories over the capital, Time Square 8 will soon be an iconic part of the Phnom Penh skyline:
- Sky-high pool with sweeping city views
- Cream of gym and private cinema
- Ritter Centeno multi-purpose hall for residents
- Unbeatable Value
Both developments represent an outstanding proposition despite their premium offerings. At Time Square 8, for example, you can get a unit starting from only $1,000 per square meter. With flexible payment terms and this price point, luxury living is possible for a wider range of buyers.
Investor-Friendly Terms
Both projects emerged with lucrative payment plans:
- Time Square gives you payments of 1% to 2% over 40 months where there are no interest rates
- *Entry barrier is lower (with low down payment requirement up to 10% to developers such as Time Square 8)
- High Rental Potential
The prime locations and top-tier amenities of both developments command high rental demand. Time Square 8, for instance, touts rental returns from 6% upwards, with one-bedroom deals around $400 per month.
Limited Supply, High Demand
According to data, over 20% of the units have been sold within the first week of its launch, making Time Square 8 the only high-end condo project in Toul Tompoung. This scarcity factor along with the developments’ premium features has certainly added to their rapid sell-out.
Megakim World Corp. Has the Upper Hand
Megakim World Corp. proved a trusted name, with seven successful projects behind Time Square 7 in Phnom Penh’s real estate sector. This reputation gives buyers confidence in the quality and timeliness of the delivery of their investments.
Conclusion
Time Square 7 and Time Square 8 are a result of a perfect storm — of a prime location, architectural excellence, attractive pricing, flexible terms and strong investment potential. These projects are evidence of Phnom Penh’s refrain from dabbling in traditional properties while embracing the trend for affordable luxury as the city matures at an alarming rate.
Both Time Square 7 and Time Square 8 provide outstanding options for investors wanting to break into the Phnom Penh real estate market or for homebuyers to find the perfect blend of luxury and practicality in a new home. But with units moving quickly, prospective buyers are encouraged to act fast to claim a piece of these landmark developments.
