Phnum Pénh, Cambodia
- PROPERTY TYPE
Residential Development
- BEDROOMS
2
- BATHROOMS
2
- SIZE
947 sq ft
88 sq m
Key features
- 100% applicable for freehold foreign ownership
- 8-9% net returns in previous projects by this developer
- Low tax requirements for foreign owners and no capital gains tax on resales
- Already 85% sold out, construction 20% complete.
- Pay off available for up to 14 years term (4 years interest free)
Description
Spanning a total of 1,494 sqm. in land area with a total of 700 units spread across its 47 floors, Time Square 8 will leave you lacking for nothing. Each unit will come finished with quality fixtures to make urban living a breeze. Seven (7) lifts/elevators ensure ease of accessibility, while you can look forward to a vibrant array of amenities, from the gym and tennis court to the sky lounge that'll be a favorite among those eager to socialize with likeminded neighbors. On the 48th floor, you'll also find an infinity swimming pool promising breathtaking views of the surrounding cityscape that you can enjoy amidst a refreshing dip.
With these features, Time Square 8 is a supreme choice for anyone looking to explore all that Cambodia's capital has to offer, at affordable starting pricing and with highly desirable payment terms.
The neighborhood will make for a productive stay, whether you intend to engage in quiet living as you raise a family here; fast-track your career or business ventures by banking on the city's diverse network of international connections; or even consider yourself as more of a transient or global nomad.
Nearby:
2mins from BELTEI International University (Campus 1) & Boeung Trabek Plaza
4mins from Aeon Mall & the Russian Hospital 7mins from the Independence Monument
10mins from the International School of Phnom Penh (ISPP)
Booking = $500
1 month deposit for Sales and Purchase Agreement (SPA) = 20%
40% over approx. 40 month construction cycle = 1%
Handover final payment Q4 2028 = 40% (also available of developer finance, open to foreign buyers, with 10 year pay off terms)
Unit Types
Classic Flat: 8th - 38th Floor, Total 30 Floors
1-Bedroom
Type J: 30 sqm net, 40 sqm gross
Type KLMNOP: 35 sqm net, 47 sqm gross
Type DEFGH: 45 sqm net, 60 sqm gross
2-Bedrooms
Type BC: 65 sqm net, 88 sqm gross
Project overview:
B1-B2: Car parking
GF: Lobby & Balcony Café
2-7F: Car Parking Levels
8-38F: Classic Flat Floors
39F: Time Square Sky Lounge
40-47F: Duplex Floor
48F: Infinity Pool
49F: Gym & Tennis Court
50F: High Ground Sky Bar
7 Elevators for ultimate accessibility
Developer: Megakim World Corp. Ltd - Taiwanese Developer, with 6 successful projects in Cambodia and 5 more in pipeline.
Location: Boeung Trabek, Chamkamorn, Phnom Penh (2 minutes from major local market and 2 minutes from Chinese Embassy, various other consulates and international schools and Universities)
No. of Levels: 47
No. of Units: 700 (Studio Units, 1-3BR Flats, Loft Units, 2-4BR Duplex Units)
No. of Parking Levels: 8 (B1-B2, 2F-7F)
No. of Parking Spaces: 200
Ownership: Freehold/Strata Title
Hand over condition: Finished, Kitchen, bathroom, lighting, flooring, AC
Completion Date: December 2028
Management fee 0.8 USD/sqm on gross
Car parking 30-40 USD per lot
Moto parking 7-10 USD per lot
Full investment management available from IPS Cambodia including unit management, maintenance, lease acquisition and financial reporting for owners (with net rental return paid to owners account on monthly basis). No requirements of residency or visa for owners. SPA's can also be signed from abroad. IPS Cambodia can also assist in future resale.
Brochures
TS8-BrochurePhnum Pénh, Cambodia
NEAREST AIRPORTS
Distances are straight line measurements- Phnom Penh(International)5.0 miles
Notes
This is a property advertisement provided and maintained by IPS Cambodia Co., Ltd, Phnom Penh (reference 19520) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.