Overview: The Arrival of Time Square 5
In the fast-paced world of Phnom Penh real estate, few developers have built a cult following as quickly as Megakim World Corp. Their “Time Square” series has become synonymous with one specific promise: high-value urban living without the over-inflated price tag. As we move through 2026, Time Square 306 (widely known as Time Square 5) has officially transitioned from a “promising project” to a living, breathing community. Standing 45 stories tall on Street 306, it is one of the most recent handovers in BKK1. While other projects in the area lean toward “ultra-luxury” or “boutique” vibes, TS5 targets the modern, active professional who wants to be in the center of the action.
- Location: Street 306, BKK1, Phnom Penh.
- Type: Mid-Tier Residential Condominium.
- Total Units: 350 Units (Limited to 10 per floor for better privacy).
- Who it’s best for: Digital nomads, young expat couples, and savvy investors looking for high rental liquidity.
Location & Neighborhood: The “Active” Heart of BKK1
Street 306 is not just any street; it is one of the most vibrant arteries of BKK1. While J-Tower 2 (Street 398) sits in a slightly quieter residential pocket, Time Square 306 is closer to the “commercial pulse” of the district.
The 5-Minute Lifestyle
From the lobby of TS5, you are less than 500 meters from Monivong Boulevard, giving you instant access to the city’s main north-south transit line.
- Dining Hub: You are steps away from some of BKK1’s most famous eateries, including Topaz for fine dining and a dozen trendy Korean BBQ spots.
- Shopping: AEON Mall 1 is a mere 5-minute TukTuk ride away, and local premium grocers like Thai Huot are within walking distance.
- The “Secret” Advantage: Street 306 is a key cross-street. In 2026, as Phnom Penh traffic intensifies, having multiple “escape routes” to Norodom or Monivong is a massive practical benefit that residents here appreciate daily.
Unit Types & Pricing (Estimated 2026)
One of the most unique aspects of Time Square 306 is the complete absence of studio units. The developer intentionally focused on 1-bedroom layouts and larger to ensure a more stable, long-term residential community rather than a building full of “hotel-style” nightly rentals.
Current Rental & Resale Market
Since the building is a 2025/2026 handover, the units are “brand new,” which commands a slight premium in the rental market.
| Unit Type | Size (Net sqm) | Monthly Rent (Est.) | Resale Price (Est.) |
| 1-Bedroom (Type C) | 38 sqm | $600 – $650 | $88,000 – $95,000 |
| 1-Bedroom (Type B) | 45 sqm | $700 – $800 | $110,000 – $125,000 |
| 2-Bedroom (Type A) | 60 sqm | $900 – $1,200 | $160,000 – $175,000 |
| 3-Bedroom (Type S) | 100 sqm | $1,600 – $2,200 | $270,000+ |
The Utility Breakdown:
- Electricity: $0.25 / kWh (Highly competitive for BKK1).
- Water: ~$0.60 / m³.
- Management Fee: Usually included in rent, but roughly $1.50/sqm for owners.
- Parking: Car parking is roughly $60/month, while motorbikes are $10/month.
The Build: Efficient Modernism
Time Square 306 doesn’t try to be a Victorian palace or a futuristic space station. It is a functional high-rise.
- Floor Plate Efficiency: With only 10 units per floor, the hallways feel private. You don’t get the “long hotel corridor” feel that plagues larger buildings like the Bridge or the Peak.
- Interior Finishing: The units come with high-grade range hoods, TOTO bathroom fixtures, and Ariston water heaters. Megakim is known for using “tried and tested” brands that don’t break down six months after handover.
- Kitchens: Unlike many newer condos that only give you a “pantry,” TS5 units feature a one-wall kitchen that is actually functional for people who cook daily.
Amenities: Small Scale, High Impact
The facilities at TS5 are concentrated on the Rooftop (RF) and Ground Floor, designed to maximize the “lifestyle” aspect of BKK1 living.
- Rooftop Infinity Pool: While not as large as the pool at J-Tower 2, it offers a “boutique” feel with panoramic views toward the Mekong and the Independence Monument.
- The Fitness Gym: Fully equipped for daily cardio and weightlifting. In 2026, the equipment is still in pristine condition.
- Entertainment & Creative Lounge: A dedicated space for residents to work or socialize. This has become a “hotspot” for the building’s many digital nomad residents.
- Kids’ Playroom & Ping Pong Room: Small touches that make the building surprisingly family-friendly for a mid-tier project.
- Lobby Cafe: A “grab-and-go” style cafe in the lobby that serves as a perfect meeting point for business or a quick caffeine fix before work.
The “Sakmai” Pros & Cons
✅ The Pros:
- Price-to-Location Ratio: You are getting a BKK1 address at a price point that is usually reserved for Toul Kork or Sen Sok.
- High Liquidity: Because these units are “affordable luxury,” they are incredibly easy to rent out. For an investor, the “void periods” (empty months) are very low here.
- No Studios: This is a huge “Pro.” It means fewer transient neighbors and a quieter, more respectful living environment.
❌ The Cons:
- Parking Scarcity: Like most BKK1 projects, car parking is limited. If you own a large SUV, you may find the 7 floors of parking a bit tight.
- Elevator Wait Times: With 45 floors and 350 units served by 5 elevators, things can get a bit slow during the 8:30 AM and 5:30 PM rushes.
- “Mid-Tier” Feel: While high quality, it lacks the “ultra-premium” lobby service or concierge of buildings like Embassy Central or Silvertown.
Comparison: TS5 vs. The BKK1 Market
| Feature | Time Square 306 | J-Tower 2 | Le Condé BKK1 |
| Main Selling Point | Value & Location | Quality & Security | Tech & Amenities |
| Management | Efficient / Local | Japanese / Strict | International / Tech |
| Average 1BR Rent | ~$650 | ~$900 (2BR min) | ~$850 |
| Vibe | “The Urban Professional” | “The Executive Hub” | “The Tech Haven” |
Final Verdict: The Sakmai Score
Time Square 306 is the building that proves you don’t need to spend $2,000 a month to live a high-end lifestyle in Phnom Penh. It is the “smart choice” for the 2026 market.
At Sakmai, we often see buildings that look great in brochures but fail in reality. TS5 is the opposite—it is a “workhorse” building that delivers exactly what it promised: a clean, modern, and safe home in the best neighborhood in Cambodia.
Final Ratings
- Location: ⭐⭐⭐⭐⭐ (Pure BKK1 convenience)
- Value for Money: ⭐⭐⭐⭐⭐ (The best in its class)
- Facilities: ⭐⭐⭐⭐ (Functional and trendy)
- Space & Comfort: ⭐⭐⭐⭐ (Well-planned layouts)
Final Verdict: ⭐ 4.6 / 5
“The most logical choice for anyone who wants to live in BKK1 without overpaying for brand-name vanity.”
Frequently Asked Questions (FAQ)
Q: Is there an ABA/Bakong payment option for rent?
A: Yes. Unlike some older buildings (like PTH), the management and most landlords at TS5 are fully integrated with the 2026 digital banking ecosystem.
Q: Are pets allowed in Time Square 306?
A: Generally, yes, but it is “landlord-dependent.” Most owners in this building are open to small, well-behaved pets.
Q: Is the building prone to flooding?
A: Street 306 is relatively high. While heavy 2026 monsoons can cause temporary “flash” puddles, the building’s entrance and parking levels are well-protected.
What’s Your BKK1 Style?
Are you looking for the high-end Japanese precision of J-Tower 2, or does the modern, efficient value of Time Square 306 fit your lifestyle better?
- Join the Conversation: Have you toured Time Square 306 yet? Drop a comment below with your thoughts on the “No Studio” layout—does it make the building feel more like a home?
- Get the Sakmai Shortlist: If you’re hunting for a unit in BKK1, [Our Agent] to receive our monthly “Hidden Gem” list of rentals before they hit the open market.
- Share the Knowledge: Know someone moving to Phnom Penh? Send them this review to help them make the smart choice!
