Time Square 10 Sihanoukville has officially broken ground at Otres Beach 1. The groundbreaking ceremony took place on 4 December 2025, after the developer secured all the required construction permits and approvals.
With the green light in place, construction is now moving into an active phase, based on a planned completion by June 2029 (with an 8-month grace period). The developer expects a large on-site workforce throughout construction, due to the scale of the project and their intention to keep things moving consistently.
What is Time Square 10?
Time Square 10 (often branded as Time Square 10 Ocean View) is a beachfront condominium development made up of three connected residential towers: Ocean Diamond, Ocean Gold, and Ocean Crystal. Together, they add up to roughly 1,300 units, ranging from compact one-bedroom condos up to larger three- and four-bedroom layouts, plus some duplex “sky residence” units.
Unit sizes start from around 36 m² for the smaller one-bedroom types and go well above 200 m² for the biggest four-bedroom units. The overall concept is a resort-style residence with on-site facilities such as a rooftop infinity pool, sky bar, lounge areas, gym, yoga spaces, cinema/clubhouse, kids’ play zones and a beach club at ground level.
From a market point of view, Time Square 10 is positioned as mid- to upper-mid range beachfront living. It’s not the most expensive product in Cambodia, but definitely above a basic “no-frills” condo.
Who is behind Time Square 10?
The project is developed by Megakim World Corporation, the company behind the broader Time Square series in Phnom Penh (projects like Time Square 1, 2, 3, 306, 302, 7 and 8).
Those earlier projects are inner-city high-rises in areas like BKK1, Toul Tom Poung and Toul Kork. Time Square 10 is Megakim’s first major coastal project, taking the same brand from the capital to the seaside in Sihanoukville.
For buyers, that track record in Phnom Penh is often seen as a reassuring point. This is not a one-off “first project” developer, but a company with multiple delivered or under-construction towers already in the market.
Where exactly is it on Otres Beach?
Time Square 10 sits right along the front line of Otres Beach 1 in Preah Sihanouk province. The site is directly on the seafront road, with unblocked ocean views and easy access to the beach.
Nearby landmarks include the Brown Coffee Seaview branch and the access point to the Phnom Penh–Sihanoukville expressway, which cuts travel to the capital to around two hours by car.
In practical terms, Time Square 10 is a true beachfront site on Otres, not a “near the beach if you squint” location. It’s also the very first strata-titled condo project on Otres Beach, with goals to prepare for the coming boom as Sihanoukville becomes a key investment focus.
What is a groundbreaking ceremony and why does it matter?
A groundbreaking ceremony is the formal start of construction. It’s usually when the developer, government representatives and key partners gather at the site, give speeches, and symbolically turn the first soil with shovels or machinery.
For Time Square 10, the ceremony matters for a few reasons:
- It confirms that permits and approvals are in place, which is a big concern for many off-plan buyers in Cambodia, especially for city with a history like Sihanoukville. The developer publicly stated that all necessary construction documents and the main permit had already been secured before the event.
- It puts a clear, public timeline on record. Construction begins in December 2025 and will be completed by June of 2029. This gives buyers and agents something concrete to work with when they plan handover and payment schedules.
- It ties the project into broader provincial policy. In his speech, the Deputy Governor linked the project to the Royal Government’s “2024 Special Program to Promote Investment in Sihanoukville Province” and to the national Pentagon Strategy (Phase 1), which focuses on growth, employment, equity, efficiency and sustainability.
Beyond symbolism, the ceremony is essentially the public start of a multi-year build where hundreds of workers are expected to be on-site daily.
Who attended the Time Square 10 groundbreaking?
Government side
On the government side, the ceremony was presided over by Mr. Yousos Solaiman, Deputy Governor of the Sihanoukville Provincial Administration. He attended as the representative of the provincial governor and spoke about investor confidence, political stability and the investment incentives now in place for Sihanoukville.
Also present were department heads and relevant provincial units, which is typical for a large real estate project that sits within a province’s wider economic development plans.
Developer and company representatives
From the private side, the event included senior figures from Megakim World Corporation, notably:
- The owner of the company, along with her representatives and team responsible for the Time Square 10 project.
- The chief engineer, who has commented publicly on the project’s expected three- to four-year delivery window and the scale of daily construction activity.
In addition, dozens of real estate professionals, agencies and content creators were either present or closely involved, including property consultants who have been covering the project and its approvals in detail across media and social platforms.
Construction timeline and expected completion
When does construction officially start?
The official start date is tied to the groundbreaking on 4 December 2025 at Otres Beach 1. That’s the point from which Megakim counts its formal construction schedule.
By that date, the company had already confirmed that all necessary permits and construction documents had been approved, and teams were mobilized on-site.
What is the target completion date?
Megakim has announced an expected completion date of June 2029, assuming things run close to schedule. Their sales contract also allows them an 8-month grace period to account for any delays that will be experienced, before any financial penalties kick in.
As with any large project in Cambodia (or anywhere else), timelines can move because of weather, materials, or regulatory changes. For buyers, it’s more realistic to prepare for completion around Q3 to Q4 of 2029 to be safe.
Are you interested in a condo at Time Square 10?
If you’re considering a unit at Time Square 10 Sihanoukville, it’s worth looking at it from a few angles:
- Is your main goal lifestyle, long-term holding, or rental yield?
- How does Time Square 10 compare to other beachfront projects and projects around Sihanoukville in terms of price per square meter, density, facilities and handover timing?
- Are you comfortable with a roughly four-year construction period before you get the keys?
Our team can help you walk through the practical side of this with current price lists and discounts, unit availability, realistic payment schedules, and an honest comparison with other beachfront options in Cambodia’s coastal market.
If you’re curious, feel free to reach out. We can share floor plans, updated construction photos, and a simple breakdown of costs so you can decide if Time Square 10 Ocean View fits your plans or if another project might suit you better.
