Time Square 11 (Time Castle BKK3): A New Urban Condo Launch in Phnom Penh’s Rising BKK3
Phnom Penh’s BKK district has long been associated with premium urban living. While BKK1 continues to command the spotlight as the city’s most prestigious residential enclave, its neighboring district BKK3 is quietly emerging as one of the most compelling locations for the next wave of condominium development.
The soon-to-launch Time Square 11, also marketed as Time Castle BKK3, represents the latest chapter in the well-known Time Square condominium series developed by Megakim World Corporation. With pre-booking now being accepted ahead of its official launch, the project is positioning itself as an accessible entry into central Phnom Penh living—targeting both investors and urban lifestyle buyers.
A Strategic Location in BKK3
Time Square 11 is located on Street 113 near Street 390 in BKK3, placing it within the extended urban core of Phnom Penh. The district benefits from immediate proximity to BKK1, yet offers comparatively more attainable property pricing.
BKK3 has developed into a vibrant lifestyle neighborhood filled with cafés, restaurants, boutique hotels, and small businesses. This urban ecosystem supports a steady stream of tenants including expatriates, young professionals, and long-stay visitors. For condominium investors, these conditions translate into strong rental demand for compact, efficient apartments.
In many ways, BKK3 is evolving into the “value extension” of BKK1—offering central city convenience while maintaining a lower entry price point.
Project Overview
Time Square 11 is designed as a 39-storey residential tower rising from a land parcel of approximately 828 square meters. The building will contain roughly 390 residential units, with typical residential floors running from Level 7 to Level 39.
The structure follows a practical urban layout commonly seen in city-center condominiums:
Ground floor: Lobby and arrival area
Floors 2–6: Parking levels
Floors 7–39: Residential units
Upper levels: Lifestyle amenities
Each residential floor features 12 units served by four elevators, creating an efficient floorplate designed for high urban density while maintaining reasonable circulation.
Unit Types and Layout Strategy
The project offers a concise selection of apartment layouts designed primarily for the rental and urban lifestyle market.
1-Bedroom Units
38 sqm
45 sqm
50 sqm
2-Bedroom Units
75 sqm
Most of the building consists of one-bedroom units ranging between 38 and 50 square meters, sizes widely considered the “sweet spot” for Phnom Penh’s condominium rental market.
The 75 sqm two-bedroom units provide an option for couples, small families, or long-term expatriate residents who require additional living space.
Pre-Launch Pricing
According to the current internal price list for floors 7F to 39F, unit prices are structured by floor level and layout size.
Typical ranges are approximately:
38 sqm – 1 Bedroom
From about $49,000
Up to about $58,000
45 sqm – 1 Bedroom
From about $58,000
Up to about $68,000
50 sqm – 1 Bedroom
From about $63,000
Up to about $74,000
75 sqm – 2 Bedroom
From about $96,000
Up to about $114,000
This places the project’s pricing roughly in the range of $1,300 to $1,500 per square meter, positioning it firmly within Phnom Penh’s mid-market condominium segment.
In comparison with typical pricing in nearby BKK1, which often ranges from $2,500 to $3,500 per square meter, Time Square 11 offers a significantly lower entry point into the central Phnom Penh property market.
Lifestyle Amenities
The development incorporates a rooftop lifestyle zone designed to complement urban living, including:
Sky swimming pool
Sky lounge
Sky gym
Outdoor sky yard
Island deck and relaxation areas
Children’s play space
These facilities emphasize community lifestyle and city views, rather than large resort-style amenities typical of suburban developments.
A Growing Time Square Series
Time Square 11 joins a growing portfolio of condominium projects developed under the Time Square brand, which already includes multiple buildings across Phnom Penh including projects in BKK1, Toul Kork, and Russian Market areas.
This expanding track record helps reinforce developer recognition among both local and international property buyers.
Who This Project Is Best Suited For
Time Square 11 is particularly well suited for:
Urban property investors seeking compact units with strong rental potential.
Young professionals and expatriates looking for a modern city apartment in a lively neighborhood.
First-time condominium buyers who want central Phnom Penh living at an attainable price.
However, buyers looking for ultra-luxury penthouses or large family residences will likely find the project more modest compared with Phnom Penh’s high-end residential developments.
The Pre-Launch Opportunity
With pre-booking now underway, early buyers typically benefit from:
Priority unit selection
Access to the earliest pricing tier
Better floor and orientation options
For investors who believe in the continued expansion of Phnom Penh’s central districts, BKK3 may represent one of the city’s most interesting emerging residential pockets.
Time Square 11 aims to capture that momentum by delivering a practical, centrally located condominium project designed for the realities of modern city living.
As someone who specializes in curating residential opportunities across Phnom Penh, I regularly review new developments before they reach the broader market.
If Time Square 11 in BKK3 caught your attention and you would like deeper insight into: • the best unit selections • investment potential • or comparable projects in the area
Contact our specialized consultant.
Hoem Seiha | Curator of Luxe Residences — Direct inquiry:
Tel: 010-699-553 /WhatsApp
Telegram: t.me/hoemseiha_era