Time Square 9 - The Gatsby Residence
Art Deco Luxury at BKK1's Most Coveted Address
Key Facts
| Type | Condominium |
| Completion | Pre-sale — 2029-12-31 |
| Total Units | 500 |
| Available Units | 4 unit types |
| Area | 57 – 0 m² |
| Price Range | $93,137 – $919,118 |
| Price per m² | $1,634/m² |
Description
BKK1 is not simply a neighbourhood — it is Phnom Penh's centre of gravity for diplomats, multinational executives, and the expatriate community that has made Cambodia's capital one of Southeast Asia's most compelling investment stories. Embassies line its boulevards, international schools anchor its residential fabric, and premium restaurants and medical clinics serve a tenant base that demands quality and pays accordingly. When you buy a condo in Phnom Penh, location is everything, and Time Square 9 – The Gatsby Residence places investors precisely where tenant demand is structurally strongest.
The Gatsby Residence is a 36-storey Art Deco tower conceived by Megakim World Corp, a developer with a documented track record across the Time Square series. With over 500 residences from 57 sqm, the project is designed to appeal to the BKK1 rental market on day one of handover. The Art Deco aesthetic — architectural details, proportions, and materials that read as considered luxury rather than generic high-rise — matters here because discerning tenants notice the difference and lease agreements reflect it.
Amenity provision matches what a European investor would recognise from premium developments in Warsaw, Vienna, or Amsterdam: rooftop infinity pool, sky garden, a dedicated rooftop bar with panoramic city views, fully equipped gym, landscaped garden terraces, children's playground, 24-hour concierge, CCTV surveillance, and controlled elevator access. Five-star property management is built into the operational model, meaning remote ownership — a reality for most overseas property investment buyers — is genuinely manageable from Europe.
The entry structure for this pre-sale phase is constructed to reduce capital commitment during construction: a 10–20% down payment secures your unit, followed by interest-free instalments spread across up to 40 months, with the balance due only at handover in 2029. At 6,667 PLN per square metre, this represents a price point that compares favourably with comparable-grade assets in Bangkok, Ho Chi Minh City, or Kuala Lumpur — cities where that entry window has already closed for most retail investors.
Varsovia Estate's team has reviewed the BKK1 pipeline and the Megakim World Corp project documentation directly. Our assessment is that The Gatsby Residence addresses a genuine supply gap in the district's premium segment, and the combination of developer pedigree, location fundamentals, and structured payment terms makes this one of the stronger Cambodia property for sale opportunities currently available to European investors. We recommend early-stage engagement to access the best floor and orientation selection before the pre-sale allocation closes.
Available Units
Investment Analysis
$168
$2,014
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$0
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Our calculations are based on a conservative scenario - long-term annual rental contract, which provides stable and predictable income with occupancy rates of 88-95%. Short-term rental (daily/weekly via Airbnb, Booking) can generate 30-60% higher income during peak season, but involves higher risks: seasonal occupancy fluctuations (55-75% average), higher management costs, and furniture/turnover expenses. Rental rates are based on BKK1, Phnom Penh market averages for 2024-2025. All calculations are estimates. Actual returns may vary. This is not financial advice.
Amenities
Location
Similar Properties
Price Range
from $93,137(380 000 zł)
$1,634/m²
Type
Condominium
Area
57–0 m²
Completion
2029-12-31
Available Units
4 unit types
