Time Square 8 is a 50-storey condo project in Toul Tom Pong (Russian Market area) in Chamkarmon, Phnom Penh. It sits in a busy but livable part of the city, surrounded by cafes, restaurants, local shops, and small businesses. You’re a short drive from AEON Mall, Independence Monument, Riverside, and the Royal Palace, but not right in the middle of the tourist crowds.
The area suits both people who want to live in Phnom Penh full-time and buyers looking for a rental unit in a well-known neighborhood.
Developer and Project Details
Time Square 8 is developed by Megakim World Corp, the same company behind several other Time Square projects in Phnom Penh. The building is around 47–50 floors plus rooftop amenities, with about 700 residential units in total. Unit sizes generally range from around 30 sqm to 125 sqm (net), depending on layout and type.
It’s a strata-title, freehold condo, so buyers get individual ownership of their unit, including foreign buyers who purchase within the legal foreign-quota.
Construction Status
Time Square 8 is an off-plan project. Groundbreaking took place in 2025, and the targeted completion is around Q4 2028, with a standard 6-month grace period on handover. A large portion of units (around 78–85%) has already been pre-sold, which shows strong early uptake, but as with any off-plan project, progress should be checked directly with the developer or sales team at the time of purchase.
Unit Types and Layouts
The project offers a mix of standard flats, loft-style units, and duplexes:
- Classic Flats (roughly 8th–38th floors)
- Studios and 1-bedroom units starting from about 30–40 sqm net
- Larger 1-bedroom and 2-bedroom units going up to around 65–73 sqm net
- 3-bedroom classic units around 85 sqm net (±111 sqm gross)
- Duplex Units (upper floors)
- 1-bedroom duplexes from around 55–64 sqm net
- 2-bedroom duplexes from around 72–84 sqm net
- 3-bedroom duplexes around 93–105 sqm net
- 4-bedroom duplexes up to 125 sqm net (≈167 sqm gross)
Ceiling heights are higher than average – about 3.1 m for regular units and around 5.5 m for duplexes – which gives more light and a more open feel inside.
Facilities and Building Layout
Time Square 8 is planned as a mixed-use, amenity-rich tower with facilities spread from the basement to the rooftop. Key features include:
- Parking
- 2 basement levels for car parking
- Additional car parking from floors 2–7
- Ground Floor
- Main lobby
- Balcony café/coffee space facing the street
- Sky Amenities
- 39th floor: sky lounge / art gallery–style common area
- 48th floor: 40-meter infinity sky pool, sky terrace and sky patio
- 49th floor: gym, sky yoga/boxing space, and a tennis court
- 50th floor: “High Ground” rooftop level, designed as a social or viewing area
- Other Facilities
- On-site cinema and multi-purpose / co-working or event spaces
- 24/7 reception, security and CCTV
- Multiple elevators and backup power/generator for the building
Overall, the facilities are set up to create a “vertical community” where residents can swim, exercise, work, and relax without leaving the building.
Pricing and Payment Terms
Pricing and promotions change over time, but most listings place starting prices from the low-$40,000s to around the low-$70,000s for the smallest units, with larger duplexes going up above $200,000, depending on floor, view, and layout. On a price-per-square-meter basis, many offers fall in roughly the $1,000–$1,400+ per sqm range.
A typical payment structure looks like this:
- Reservation deposit (often a few hundred to a few thousand USD)
- Around 10% down payment when signing the Sale & Purchase Agreement
- Interest-free monthly installments during construction (often around 1–2% of the total price per month for roughly 40–45 months)
- Final payment on handover of the unit
This “self-financing” style can be attractive for buyers who don’t want bank financing during construction, but, as always, it’s important to check the latest official payment plan and any special discounts directly.
Who It May Suit
Time Square 8 is likely to appeal to:
- Buyers who want a city condo in a lively neighborhood rather than a quiet suburban area
- Young professionals, small families, and expatriates who value modern facilities and sky amenities
- Investors looking at rental income in the Russian Market/Toul Tom Pong area, where there’s a steady mix of locals, expats, and short-term tenants
Some marketing materials suggest expected rental yields around 6.5–8% per year, plus potential capital growth, but these are projections and not guaranteed. Real returns will depend on purchase price, unit type, management, and future market conditions.
What Makes It Different
A few points that help Time Square 8 stand out in Toul Tom Pong:
- One of the tallest and most amenity-heavy condos in the Russian Market area
- Sky lounge, cinema, 40-meter infinity pool, sky gym, and rooftop levels that you typically see in more expensive areas like BKK1
- Located in a lively, well-known neighborhood that is still generally more affordable than ultra-prime districts
- Backed by a developer with a track record of other completed Time Square projects in Phnom Penh
Ownership and Legal Notes
Units are sold under strata title (freehold), with individual titles issued per unit. Foreigners can buy within the foreign quota under Cambodian condo law, making the project open to both local and international buyers, subject to standard legal requirements.
