Time Square 8 TTP Review: Megakim 50-Floor Russian Market
Time Square 8 by Megakim near Russian Market: what is verified (50 floors, TTP, about 2028), what is not, and how it differs from Time Square 7.
Quick answer: Time Square 8 is Megakim World Corp’s 50-floor condominium in Toul Tom Poung, beside the Russian Market in Phnom Penh, marketed for completion around 2028. Those three facts are what our August 2026 source check could confirm. Unit count, contractor, unit sizes and a dated price list were not verified, so this page tells you what to ask for instead of filling the gaps with estimates.
This review covers one building. The district case, with its price band per sqm, service charge and the short-let arithmetic, is set out on the Toul Tom Poung area page, and Megakim’s delivery record across the series sits in the Megakim World Corp profile. What follows is only what changes when the building is Time Square 8.
What is verified about Time Square 8, and what is not?
On 27 August 2026 we checked the project pages on this site against developer sites, realestate.com.kh, IPS, Khmer Times and other published sources. Time Square 8 passed as a real building under its own name, which is more than several project pages in this market can claim. The detail behind the name is thinner than the marketing suggests.
| Item | Status | Where to get it |
|---|---|---|
| Developer | Verified: Megakim World Corp | Sales contract counterparty |
| Location | Verified: Toul Tom Poung, Russian Market | Site visit, title plan |
| Height | Verified: 50 floors | Construction permit |
| Completion | Marketed around 2028, not a contract date | Completion clause in the SPA |
| Unit count and mix | Not verified | Unit schedule from sales |
| Main contractor | Not verified | Named on the construction permit |
| Price per sqm | Not verified for this tower | Dated official price list |
| Construction stage | Not verified | Site photos with dates |
A buyer should treat every “not verified” row as a document request. A developer that will not name the main contractor or put the completion date into the contract is telling you how much of the 2028 date it is prepared to stand behind.
How is Time Square 8 different from Time Square 7?
The two towers share a completion target and a naming line, and until this revision their pages on this site shared most of their text, which is how buyers end up confusing them. The buildings are close in height, so the difference that matters is the district each one sits in.
| Time Square 8 | Time Square 7 | |
|---|---|---|
| District | Toul Tom Poung (Russian Market) | Toul Kork |
| Floors | 50 | 49 |
| Units | Not verified | About 700 |
| Completion marketed | Around 2028 | Around 2028 |
| Main tenant pull | Street life around the market | Schools, hospitals, family housing |
| Likely resale buyer | Expats and lifestyle buyers | Cambodian owner-occupiers |
Toul Kork sells to families who want to live there, which supports occupancy but thins the foreign resale pool. Toul Tom Poung sells a way of living that foreign tenants actively choose, and the Time Square 7 review goes through the owner-occupier side of that split. If the question is which tower re-lets faster to a foreign tenant, the Russian Market address is the stronger answer. If it is which building has more local end-user demand behind it at handover, Toul Kork is.
Where does Time Square 8 sit in the Megakim pipeline?
Megakim runs the Time Square name across towers at very different stages, and the stage decides the risk. In BKK1, Time Square 306 was completed in January 2026, and Time Square 6 topped out on 10 March 2026 with early 2027 marketed, as reported on the Time Square 6 topping-out page. Two newer towers, numbers 9 and 11, broke ground on 8 June 2026. This tower sits between those groups: launched, marketed for 2028, and not yet at a milestone we could confirm.
That position has a practical use. The completed Time Square 306 lets you inspect finish quality, lifts and common areas in a building Megakim has already handed over. A buyer who has walked 306 is judging Time Square 8 on evidence of how the developer finishes a tower, which a showroom cannot supply.
Considering Time Square 8? We will request the unit schedule, the construction permit and the dated price list from Megakim, and check the completion clause before your deposit moves.
Request the documentsWhat does ownership look like for a foreign buyer here?
Foreign buyers may hold freehold strata title on private units above the ground floor under the Law of 24 May 2010, subject to Sub-Decree No. 126 (2009): foreign ownership is capped at 70% of the total area of all private units in the co-owned building. Land remains closed to foreign freehold ownership. The full rules are on the foreign ownership guide.
At Time Square 8 the ground-floor exclusion bites harder than usual. The Russian Market’s value is earned at street level by traders, and the Toul Tom Poung page shows why the apartment above only captures that value indirectly, through the tenants it attracts. Ask sales how the ground and podium floors will be used, because a retail podium that fills with cafes supports the tower’s rents and an empty one works against them.
How should the payment plan be read on a 2028 tower?
Megakim’s Time Square pages on this site describe about 20% down with the balance over roughly 40 months. The wider market convention is closer to 1% of the price a month over 30 to 40 months, interest free, as set out in the off-plan payment schedule guide. The gap is worth pricing: a heavier monthly schedule on a tower two years from completion puts more of your money into the building before it exists.
The protection is in the trigger. Ask for each instalment to be tied to a named construction stage with dated photos, and for the SPA to state what happens to paid instalments if the 2028 date slips. With banking non-performing loans near 8.9% in 2026, delivery risk on presale-funded towers is part of the model and has to be priced in.
What rent can Time Square 8 expect?
No rent data exists for Time Square 8 because nobody lives there yet. The nearest honest comp is the completed Time Square cluster, where the site corpus records $420 to $510 a month for a furnished one-bedroom. The Russian Market adds a lifestyle tenant who stays longer and re-lets quickly, and it also caps the ceiling, because that tenant chose the district partly to avoid BKK1 rents.
Two cautions apply to this tower in particular. Short lets are the story most often told about the Russian Market, and the district page shows the published nightly rates and occupancy do not support it for most units. And any 12% to 15% gross yield in the brochure should be discarded before modelling. Build net yield from the rent comp, one to two months of vacancy and the service charge, using the Phnom Penh rental yield guide.
Who should consider Time Square 8?
It suits a buyer who wants the Russian Market address, is comfortable holding an off-plan position until about 2028, and will insist on the documents listed above before paying. It suits an owner-occupier who plans to live near the market and treats rent as a fallback.
It does not suit a buyer who needs income before 2028, who needs a quick resale, or who wants embassy-grade tenants. For that profile, completed stock in BKK1 such as Time Square 306 or the BKK1 district is the better starting point.
Before you pay a deposit
Confirm the contract names Time Square 8 in Toul Tom Poung and no other Time Square tower. Get the unit schedule, the named main contractor and the dated price list. Tie every instalment to a construction stage, put the completion date and the remedy for delay into the SPA, and request the foreign quota position in writing. Then walk a completed Time Square building before you sign, and walk the Russian Market in the evening to count the furnished rental signs you will be competing with.
Frequently Asked Questions
Time Square 8 is a 50-floor Megakim World Corp condominium in Toul Tom Poung, the Russian Market district of Phnom Penh, with completion marketed for around 2028. Our August 2026 source check confirmed the building exists under this name. Unit count, contractor and a published price list were not verified.
Yes, as strata co-ownership above the ground floor. Under Sub-Decree No. 126 (2009), foreign ownership is capped at 70% of the total area of all private units in the building, so ask for the quota position in writing before any deposit.
We could not verify a Time Square 8 price list. Toul Tom Poung sits at the lower end of Phnom Penh's district price range, which runs from about $1,067 to $2,774 per sqm across the city. Ask Megakim for the dated price list and the net sqm of the exact unit.
Time Square 7 is a 49-floor, roughly 700-unit tower in Toul Kork aimed at Cambodian owner-occupiers. Time Square 8 is a 50-floor tower in Toul Tom Poung, where tenants are drawn by the Russian Market street life. Both are marketed for about 2028, so the district and its tenant pool are what separate them.
No Time Square 8 rent data exists yet because the tower is not complete. The site corpus records $420 to $510 a month for a furnished one-bedroom in the completed Time Square cluster, which is a reasonable starting comp. Treat any 12% to 15% brochure yield as marketing.
Time Square 306 in BKK1 was completed in January 2026 and can be inspected today. Time Square 8 is a 2028 promise. A buyer who needs certainty should start with completed stock; a buyer who wants the Russian Market address on a payment plan accepts two more years of delivery risk.
Frequently Asked Questions
Time Square 8 is a 50-floor Megakim World Corp condominium in Toul Tom Poung, the Russian Market district of Phnom Penh, with completion marketed for around 2028. Our August 2026 source check confirmed the building exists under this name. Unit count, contractor and a published price list were not verified.
Yes, as strata co-ownership above the ground floor. Under Sub-Decree No. 126 (2009), foreign ownership is capped at 70% of the total area of all private units in the building, so ask for the quota position in writing before any deposit.
We could not verify a Time Square 8 price list. Toul Tom Poung sits at the lower end of Phnom Penh's district price range, which runs from about $1,067 to $2,774 per sqm across the city. Ask Megakim for the dated price list and the net sqm of the exact unit.
Time Square 7 is a 49-floor, roughly 700-unit tower in Toul Kork aimed at Cambodian owner-occupiers. Time Square 8 is a 50-floor tower in Toul Tom Poung, where tenants are drawn by the Russian Market street life. Both are marketed for about 2028, so the district and its tenant pool are what separate them.
No Time Square 8 rent data exists yet because the tower is not complete. The site corpus records $420 to $510 a month for a furnished one-bedroom in the completed Time Square cluster, which is a reasonable starting comp. Treat any 12% to 15% brochure yield as marketing.
Time Square 306 in BKK1 was completed in January 2026 and can be inspected today. Time Square 8 is a 2028 promise. A buyer who needs certainty should start with completed stock; a buyer who wants the Russian Market address on a payment plan accepts two more years of delivery risk.
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