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COMMERCIAL

Phnum Pénh, Cambodia

Guide Price
£74,250
IPS Cambodia Co., Ltd, Phnom Penh
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

Megakim World Corp. presents the latest in their portfolio of high-end urban residences in Phnom Penh, promising stylish flats and spacious duplex units perfect for enjoying the best of both worlds in Phnom Penh: create the lifestyle of your dreams or dive into the jetsetter routine - it's all about your choice at Time Square 8. Situated in "Russian Market" area, close to Toul Tom Poung, you'll pretty much have the city at your fingertips while being able to call this spectacular site your very own home.

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-Brochure

Phnum Pénh, Cambodia

NEAREST AIRPORTS

Distances are straight line measurements
  • Phnom Penh(International)
    5.0 miles

About IPS Cambodia Co., Ltd, Phnom Penh

About IPS Cambodia Co., Ltd., Phnom Penh

Independent Property Services (IPS) Cambodia was founded in 2009 with a clear vision to become the leading all-in-one source of professional real estate services in Cambodia. From its offices in both Phnom Penh and Siem Reap, the company has offered market-leading agency services, valuations, property management and legal processing services for over 16 years and counting. As of 2025, IPS has become the most renowned and trusted agency in the Cambodian market, thanks to an unmatched commitment to its clients, a vibrant and empowering culture for its staff, seamless customer experiences and firm commitment to trust and credibility.

The IPS Difference for Investors

Summary of Market Dynamics for Foreign Investors:

- Since 2010, Cambodia offers a strata title on new condominium projects, which allows 100% freehold ownership for foreign buyers with no Visa or Residency requirements.

- Meanwhile, while foreigners cannot own land directly, landed Villa’s can be held via Trust Holdings or other proven mechanisms.

- In Cambodia, property is traded in USD and foreigners can open local bank accounts accessible via the international Visa/Mastercard network.

- Cambodia offers a very low tax regime for property owners and landlords, and no Capital Gains Tax on resale.

IPS Cambodia does not represent all condo projects in Cambodia to incoming investors because we intimately understand that not all projects are created equally. In 2025, we offer only a small selection of off-plan condominium projects in Phnom Penh, Sihanoukville and Siem Reap because we know that many developers in the market over promise and under deliver. We only work with developers that finish projects to the standard expected by buyers and meet our stringent due diligence requirements. These include projects built by developers who have a long and proven track record in Phnom Penh, Sihanoukville and Siem Reap, and whose previous projects are in-fact offering strong rental returns to individual owners, and resale appreciation.

By representing only tried and proven developers, we ensure great outcomes for our clients; we don't create problems for our buyers, and we are able to maintain our strong reputation as the premier agency of professionalism, integrity, and trust in the Cambodian market. Meanwhile, we stock the largest selection of resale condominiums in the market, because these projects are now fully completed and totally de-risked, as we can physically touch and feel the outcome and understand the real rental returns those assets can achieve.

Full Scope Services for Investment Management

Not only can IPS Cambodia help you find the perfect investment property in Cambodia, but we also offer support in scrutinizing legal documents, conducting due diligence on property purchases, managing title transfers and property taxes, as well as lease acquisitions and ongoing property management of your asset. We also provide monthly financial reporting to all owners, with net rents banked directly to your local bank account, accessible worldwide through your Visa/Mastercard account.

Our Property Management team also provide basic repairs and services as part of our normal monthly fees, with no charges for minor works delivered in-house, management of external contractors for major repairs, and no margins applied when sourcing replacement furniture, fittings, and equipment for your unit. We manage and deliver preventative maintenance programs for individual apartments and condos, minimizing breakdowns and, ultimately, any disruption for your tenants. We strive to deliver your investment as a passive one by delivering solutions wherever possible.

When the time comes to exit your investment, we also offer full re-sale marketing and sales support, assuring you the best possible appreciation outcome on your property. This suite of services allows investors a totally hands-off investment, with steady and predictable returns.

Notes

These notes are private, only you can see them.

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.

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