Phnom penh: Megakim World Corporation officially held the groundbreaking ceremony for Time Square 9 and 11 - The Gatsby Residence and The Time Castle, marking a new phase of expansion and reflecting continued confidence in Cambodia's real estate sector. The ceremony gathered company executives, business leaders, investors, partners, and invited guests to launch what is positioned as one of Phnom Penh's upcoming premium residential developments.

According to Agence Kampuchea Presse, the projects are located in the capital's BKK1 district. Time Square 9 - The Gatsby Residence is planned as a 39-storey luxury condominium featuring facilities including a rooftop infinity pool, sky bar, fitness centre, landscaped communal spaces, and city views. The development builds on the Time Square brand's portfolio of residential projects across BKK, Toul Kork, Russia Market in Phnom Penh, and Otres Beach in Sihanoukville, reflecting the company's continued presence in Cambodia's property market.

Time Square has focused on quality construction, strategic locations, and project delivery standards that have attracted both domestic and international buyers seeking long-term investment opportunities. The groundbreaking comes as Phnom Penh continues to undergo infrastructure expansion, including development linked to Techo International Airport, expressway networks, and growing international business activity. These developments are contributing to Cambodia's position as an emerging regional destination for investment, commerce, and tourism.

Foreign interest in Cambodia's condominium sector has also been supported by competitive property prices, rental market opportunities, and regulations permitting foreign ownership of condominium units. With construction officially commencing, Time Square 9 and 11 is expected to contribute to Phnom Penh's ongoing urban development and expanding residential market.