Megakim World Corp
Phnom Penh's leading mid-tier condo developer — the Time Square series, 5 towers delivered since 2017, foreign strata title, from $39,000.
Note on the Time Square Series Numbering
The Time Square series numbering jumps from Time Square 3 to Time Square 5 (also marketed as Time Square 306) — number 4 is not publicly used, in line with regional convention. This is a branding choice, not a missing or failed project. Megakim's confirmed portfolio runs Time Square 1 through 11.
Time Square 12 — Unconfirmed
Time Square 12 (rumoured Sihanoukville coastal project, anticipated May–June 2026) is pre-announcement only and not officially confirmed as of June 2026. It is based on low-confidence market intelligence and should not be treated as an available project. Verify any TS12 marketing directly with the developer before committing funds.
About Megakim World Corp
Megakim World Corp Ltd was established in 2011 in Phnom Penh, Cambodia, and has grown into one of the city's most recognisable mid-tier condominium developers. The company operates with strong Taiwanese investment and development influence, bringing efficient structural design and well-planned unit layouts drawn from mature Asian markets. Its flagship Time Square brand spans a series of high-rise condominium and mixed-use towers across Phnom Penh and Sihanoukville, targeting mid-tier urban buyers and international investors seeking rental yield.
Megakim delivered its first project, Time Square 1, in BKK1 in 2017, followed by Time Square 2 (Toul Kork, 2021), Time Square 3 (Toul Kork, 2023) and the 45-storey Time Square 5 / 306 (BKK1, 2025). The active pipeline includes Time Square 6 (302), 7, 8 and the coastal Time Square 10 at Otres Beach 1, Sihanoukville — the company's first beachfront project, comprising 1,300+ units across three 30-storey towers. Pre-selling projects include the art-deco Time Square 9 – The Gatsby Residence in BKK1 and Time Square 11 (Time Castle) in BKK3.
Managing Director Palancica Vladimir leads the company, which is known for consistent on-time delivery, flexible interest-free payment plans, foreign strata-title eligibility, and typical rental yields of 6–9%. Megakim won Best Developer of Affordable Condominiums at the DOT Property Southeast Asia Awards 2025 and is a PropertyGuru Cambodia Property Awards winner.
- 10+ years active in Cambodia (since 2011) with no public project cancellations
- Creator of the Time Square series — 11 confirmed projects (TS1–TS11) across Phnom Penh and Sihanoukville
- Five high-rise towers delivered on time: Time Square 1 (2017), 2 (2021), 3 (2023) and 5/306 (2025)
- Foreign strata-title ownership eligible on all projects (above ground floor, subject to 70% foreign quota)
- Strong rental absorption — typical 6–9% yields, up to 11% marketed; 85%+ post-completion occupancy
- Flexible, low-entry payment plans with extended interest-free monthly instalments (e.g. TS8: 20% upfront)
- Winner — Best Developer of Affordable Condominiums, DOT Property Southeast Asia Awards 2025
- Lowest entry point in its segment from $39,000 (Time Square 7); coastal expansion via Time Square 10, Sihanoukville
Developer Style
Mid-tier high-rise condominium development with hotel-standard amenities, practical and efficient unit layouts (Taiwanese design influence), investor-friendly interest-free payment plans, and strata-title foreign-ownership eligibility — delivered as a consistent, brand-led Time Square tower series in Phnom Penh's urban core and along the Sihanoukville coast.
Company Timeline
Megakim World Corp Founded
Established in Phnom Penh, Cambodia, entering the country's condominium market during its early development cycle with Taiwanese investment and development influence.
🏗️ FoundedTime Square 1 Completed (BKK1)
Megakim's first project delivered — a 17-storey, 78-unit strata-title tower on Street 278, BKK1. Now sold out at approx 85% occupancy.
🏁 First DeliveryTime Square 2 Completed (Toul Kork)
30-storey condominium delivered on time in Toul Kork with modern finishes. Sold out.
🏁 CompletionFeatured Projects
Find Your Match
10+ projects available from Megakim World Corp.
Time Square 5 (306)
Street 306, BKK1, Chamkarmon, Phnom Penh
Time Square 1
Street 278, Boeung Keng Kong I (BKK1), Chamkarmon, Phnom Penh
Time Square 3
Toul Kork, Phnom Penh
Time Square 2
Toul Kork, Phnom Penh
Time Square 7
Toul Kork, Phnom Penh
Time Square 6 (302)
Street 302, BKK1, Chamkarmon, Phnom Penh
Developer Coverage
Location & Districts
Projects by Megakim World Corp spread across multiple districts.
BKK1, Chamkarmon
Streets 278, 302 & 306, Boeung Keng Kong 1 — Megakim's premium urban-core corridor
Toul Kork
Northern Phnom Penh — near TK Avenue and AEON Mall 2
Russian Market & BKK3
Toul Tom Poung / BKK3 — central southern Phnom Penh tourist and lifestyle district
Otres Beach, Sihanoukville
Otres Beach 1 — Megakim's first coastal, resort-style beachfront corridor
Buyer pricing guidance
Public price signals
Financing options
Public information only. Prices vary by project, unit type, floor and launch phase, and foreign strata-title units are eligible above ground floor. Developer-marketed rental yields (up to 11%) should be verified independently. Confirm current pricing and availability directly with the developer or authorised agents.
Community & Lifestyle Signals
Hotel-standard amenities across the Time Square series — gyms, swimming pools and landscaped parks
Time Square 7 — Sky Lounge (top floor), Time Square Club (34th floor) and duplex residences (floors 35–47)
Time Square 10, Sihanoukville — water park, beach club, swimming pools and children's play areas
24/7 security and in-house property management at flagship towers
Mixed-use retail + residential (Time Square 3) and 2 levels of underground parking (Time Square 7)
Company commitment to Cambodia's sustainable urban future and 'building communities' (per About Us — specific CSR not confirmed)
Awards & Recognition
Recognitions for Megakim World Corp.
Best Developer of Affordable Condominiums
Awarded to the Time Square series at the DOT Property Southeast Asia Awards 2025 in Bangkok.
DOT Property Southeast Asia Awards
PropertyGuru Cambodia Property Awards Winner
Recognition for the Time Square series at the 8th Annual PropertyGuru Cambodia Property Awards.
PropertyGuru Asia Property Awards
Cambodia Real Estate Awards Recognition (Time Square 6)
Time Square 6 recognised at the Cambodia Real Estate Awards 2024 (medium-confidence source).
Cambodia Real Estate Awards
Common buyer questions
Verify before purchase
- Confirm unit pricing, the floor/phase price and availability directly with the developer or an authorised agent.
- Verify strata/hard title status and the foreign-ownership quota at the Ministry of Land Management before signing.
- Request the full payment plan, deposit and interest-free instalment schedule in writing.
- Treat developer-marketed rental yields (up to 11%) with caution — check against real rental comparables.
- Apply extra due diligence for Sihanoukville (Time Square 10) given higher coastal-market volatility.
- Confirm construction progress and handover timelines for under-construction towers (TS6, 7, 8, 10).