Your Coastal Investment and Escape: Time Square 10 - Sihanoukville
Time Square 10 is a newly launched beachfront condominium project by Mega Kim World Cooperation, a developer known for its successful "Time Square" series in Phnom Penh. This marks their first coastal development, strategically located on the pristine Otres Beach 1 in Sihanoukville, Cambodia, directly opposite popular landmarks like Brown Coffee.
Time Square 10 emerges as a golden opportunity to capitalize on this dynamic landscape. Here's a description of Time Square 10's launch and key features:
Official Launch Date: June 2, 2025.
Location: Strategically situated on Otres Beach, Sihanoukville's pristine beachfront, directly opposite Brown Coffee. This prime location offers both ocean views and easy access to popular cafes, hotels, and lifestyle destinations.
Target Audience: Designed for modern holiday homeowners, investors, and lifestyle seekers, appealing to those looking for a personal escape, full-time residence, or a high-potential investment in a rapidly growing market.
Pricing: Starting from $40,000, or around $1,000 per square meter, aiming to offer competitive value in beachfront real estate. Early bird opportunities with pre-launch pricing were available.
Developer Trust: Mega Kim World has a proven track record with 8 successful Time Square projects in Phnom Penh, instilling confidence in buyers.
Accessibility: Just a 2.5-hour drive from Phnom Penh via the improved expressway, making it an ideal weekend getaway or rental hotspot.
The allure of beachfront property has long captivated investors, promising both lifestyle appeal and robust returns.
Investing in Time Square 10 in Sihanoukville could be attractive for several compelling reasons, especially considering the current context and future potential of the area:
1. Prime Beachfront Location on a Growing Tourist Destination:
Direct Access to Otres Beach 1: Beachfront properties consistently command higher rental yields and appreciate more significantly than inland properties. Otres Beach 1's reputation for a relaxed and appealing atmosphere makes it a desirable location for tourists and long-term residents alike. This direct access translates to strong rental demand and potential for capital growth.
Sihanoukville's Rebound and Diversification: After a period of flux, Sihanoukville is actively working to diversify its economy beyond gaming, focusing on attracting a broader range of tourists and investors. This strategic shift points towards a more sustainable and robust future for the city's tourism sector, directly benefiting beachfront properties like Time Square 10.
2. Attractive Entry Price Point with High Growth Potential:
Competitive Pricing: With estimated starting prices around $40,000, Time Square 10 offers a relatively affordable entry into the beachfront property market compared to similar locations in Southeast Asia. This lower barrier to entry opens the door for a wider range of investors.
Capital Appreciation: As Sihanoukville's infrastructure improves, tourism numbers grow, and the overall economy strengthens, early investors in well-located projects like Time Square 10 are poised to witness significant capital appreciation on their investment.
3. Strong Rental Income Generation:
Demand for Quality Accommodation: The increasing influx of tourists and expatriates to Sihanoukville creates a strong demand for modern, well-equipped accommodation. Time Square 10's beachfront location and comprehensive amenities make it highly attractive to both short-term (vacation rentals) and long-term tenants.
Resort-Style Amenities Attract Renters: The planned facilities, including swimming pools, a water park, a sky bar, and a beach club, enhance the living experience and justify higher rental rates compared to properties with fewer amenities.
4. Comprehensive and Appealing Amenities:
Enhanced Lifestyle: The extensive list of amenities caters to a desirable lifestyle, attracting a wider pool of potential renters and buyers. These features create a self-contained and attractive living environment.
Competitive Edge: The inclusion of unique amenities like a water park sets Time Square 10 apart from other developments, making it a more compelling choice for those seeking leisure and convenience.
5. Track Record of the Developer:
MegaKim World Corp Ltd.'s Experience: As the tenth project under the "Time Square" brand, the developer has a history in the Cambodian real estate market. This experience can provide a level of confidence in the project's quality and timely delivery.
6. Secure Investment Structure:
Strata Title Ownership: This provides clear and secure individual ownership of the units, offering investors peace of mind and a well-defined legal framework for their investment.
7. Sihanoukville's Future Trajectory:
Government Focus on Sustainable Growth: The Cambodian government is actively promoting diverse investments and sustainable development in Sihanoukville, moving beyond its previous reliance on the gaming industry. This strategic direction bodes well for the long-term growth and stability of the real estate market.
Infrastructure Development: Ongoing improvements to infrastructure, including transportation and utilities, will further enhance Sihanoukville's appeal as a place to live, work, and visit, positively impacting property values.
8. Investment Appeal:
Affordable Entry: Starting from $40,000 or around $1,000 per square meter, making it competitive in the beachfront market.
Flexible Payment Terms: Various payment plans are available, including up to 40% financing over 10 years.
High Return Potential: Positioned as a strong investment for both capital appreciation and vacation rental income due to its prime location and comprehensive amenities.
Trusted Developer: Backed by Mega Kim World's strong track record of successful projects in Phnom Penh, ensuring quality construction and delivery.
In essence, investing in Time Square 10 offers a unique combination of:
- A prime beachfront location in a city with significant growth potential.
- An attractive entry price point with the opportunity for substantial capital appreciation.
- Strong potential for rental income generation due to high demand and appealing amenities.
- The backing of an experienced developer.
- A secure form of property ownership.
Time Square 10 aims to redefine coastal living in Sihanoukville, offering a blend of modern design, luxury amenities, and a desirable beachfront location for both residents and investors.