Time Square 306 is on Street 306 in BKK1, one of Phnom Penh’s most central and in-demand neighborhoods. This project is also commonly referred to as Time Square 5, but since it’s located on Street 306, it’s more commonly called Time Square 306. It’s in the middle of the business district, surrounded by offices, apartments, cafés, and shops. BKK1 is often called the “embassy district” because many international embassies are based there, and it’s long been seen as one of the city’s most desirable areas to live.
From the project, it’s around 5 minutes to the Royal Palace and riverside, about 10 minutes to AEON Mall, and roughly 40 minutes to Phnom Penh International Airport, depending on traffic.
The immediate area around Street 306 gives easy access to key city landmarks like Independence Monument, Olympic National Stadium, the Riverside, the Royal Palace, and a wide mix of restaurants and coffee shops. Overall, it’s convenient for people who want to be close to most of Phnom Penh’s main activities.
About the Developer
Time Square 306 is developed by Megakim World Corp Ltd, a Taiwan-based company that has been active in Cambodia’s property market since 2011. Megakim has completed several condo projects in Phnom Penh and has built a reputation for delivering on time and focusing on construction quality.
The developer’s approach is fairly straightforward. Instead of heavy marketing, they rely on the projects themselves to build their reputation. Past projects have sold out, and buyers generally see Megakim as a stable and reliable developer.
Project Overview
Time Square 306 is a 45-floor residential condominium with a site area of about 950 square meters. There are 350 units in total, with up to 10 units per floor. This relatively low number of units per floor helps keep things a bit quieter and less crowded than some other high-rise buildings.
The building layout is organized as follows:
- Basement: motorcycle parking
- Ground floor: lobby
- Floors 2–7: car parking
- Floors 8–37: standard residential units
- Floors 38–45: VIP residential units
- Rooftop level
This setup separates parking, standard units, and VIP units into clear zones, with all living spaces above the parking levels.
Unit Types & Sizes
The project focuses on 1, 2, and 3-bedroom units—there are no studio units. This is a deliberate choice to keep unit types more spacious and suitable for longer-term living or higher-value rentals.
Available configurations include:
- 1-Bedroom units: Two main size ranges (Type B and Type C), generally around 50–60 sq m, with Type C being about 50 sqm net. Layout includes a bedroom, bathroom, kitchen, and living area.
- 2-Bedroom units: Around 80 sqm (Type A), with two bedrooms, two bathrooms, a kitchen, and a living room.
- 3-Bedroom units: Two main types. Type X is 120 sq m gross (about 90 sq m net), and Type S offers around 100 sqm net with three bedrooms and three bathrooms.
Units come with a good standard of finishing. Typical features include an induction cooker, range hood, sink cabinet, ceramic tile flooring, built-in lighting, TOTO bathroom fixtures, and an Ariston water heater. Walls use branded coating, and ceilings use aluminum alloy and steel structure. Many units also include built-in storage with glass finishes.
Amenities & Facilities
Time Square 306 offers a full set of shared facilities aimed at everyday convenience and leisure:
- Fitness & Wellness: Gym with basic fitness equipment for residents.
- Recreation: Infinity sky pool (rooftop-style pool), ping pong room, and a creative play lounge.
- Dining & Social: Lobby café suitable for casual meetings or a quick coffee.
- Family Amenities: Kids’ playroom for families with children.
- Outdoor Spaces: Entertainment garden roof deck for relaxing or small gatherings.
- Parking: Basement motorcycle parking and multi-level car parking.
- Security & Safety: Fire alarms, sprinklers, CCTV, and alarm systems.
- Utilities: Backup power and generator.
The building is served by five elevators to support daily traffic across the 45 floors.
Construction & Timeline
Construction started in December 2022. Foundation and piling work took place from early 2023 through mid-2023. The main structure was completed with a topping-off ceremony in September 2024.
Interior finishing work is scheduled from January 2025 to March 2026, with overall completion targeted for around mid-2026. From start to finish, the project’s planned construction period is roughly 3.5 years.
Sales Performance & Status
By end-2025, around 98% of the units have been sold, indicating strong buyer interest. Construction progress is at roughly 95%, with the structural work complete and the project in the interior finishing stage.
The topping-off ceremony in September 2024 marked the completion of the main structure and a key step towards final handover. The project is expected to handover by December 2025, with a standard 6-month grace period available should the developer need it.
Investment & Living Appeal
For residents, the appeal comes from the mix of central location, practical layouts, modern finishes, and a wide set of facilities. The absence of studio units means everyone has at least a 1-bedroom home, which can help support better rental demand and rates compared with buildings that focus heavily on studios.
Megakim’s history of delivering completed, sold-out projects, along with strong presales at Time Square 306, gives buyers some confidence in delivery and management.
From an investment point of view, BKK1 is one of Phnom Penh’s most established and active neighborhoods. Its central position and ongoing development support longer-term value. Time Square 306 fits into the mid-range segment of this market.
Key Takeaways
Time Square 306 is a mid-range condo project in BKK1 that focuses on practical, everyday living rather than ultra-luxury. Key points include:
- Low unit count per floor
- No studio units, only 1–3 bedroom layouts
- A full set of common facilities
- Flexible payment plans
- Competitive pricing for the area
- A developer with a proven track record and strong sales performance on this project
For both own-use and investment, it offers a straightforward option in one of Phnom Penh’s most central and established districts.
