Full Height Achieved: Time Square 6 (Time Square 302) Redefines the BKK1 Skyline

In the high-speed evolution of Phnom Penh’s skyline, one district remains the undisputed benchmark for prestige and demand: Boeung Keng Kang 1 (BKK1). A major milestone has just been reached in this prime neighborhood, the official topping out ceremony of Time Square 6 (also known as Time Square 302).

This structural completion marks a significant step for Megakim World Corp.’s sixth residential high-rise, signaling that the project is on track to meet its contribution to the city's most internationally oriented district.

The Power of the "BKK1" Address

Location isn't just a buzzword in Phnom Penh: it is the primary driver of capital appreciation and rental yield. BKK1 has long served as the city’s diplomatic and commercial heart.

Residents of Time Square 302 find themselves within a 10-minute radius of:

• Global Connectivity: Major embassies and international NGOs.

• Education & Health: Top-tier international schools and private medical clinics.

• Lifestyle Hubs: A high concentration of artisan cafés, fine dining, and the nearby AEON Mall 1.

For the modern expatriate or corporate professional, this "walkable" lifestyle is the ultimate luxury in a growing metropolis. Lifestyle & Security: The Modern Standard

To remain competitive in the BKK1 rental market, a building must offer more than just four walls. Time Square 302 integrates a suite of essential amenities on its 37th and 48th floors:

• The Essentials: A 48th-floor rooftop featuring a yoga studio, fitness center, and a swimming pool with panoramic views.

• Community Space: A cinema room, golf simulator, karaoke room, and resident lounges on the 37th floor.

• Peace of Mind: A robust security framework including 24-hour personnel, CCTV, and controlled-access elevators.

The Bottom Line

Time Square 302 represents a location-driven investment positioned for the rental market in BKK1, a district that historically maintains stable demand despite broader market fluctuations.

• Yield Expectations: Current market data for BKK1 shows one-bedroom units commanding competitive monthly rates, which aligns with some of the highest gross yield percentages for the area.

  
  

• Project Maturity: With construction nearly finished and a handover scheduled for next year, the project is transitioning from primary development pricing toward secondary market valuation.

  
  

• Regulatory Context: The extension of the Capital Gains Tax postponement until early next year provides a specific window for investors to structure exit strategies or portfolio adjustments without the impact of the tax during this period.