TL;DR: BKK306 (Time Square 306) is a residential project in BKK1, Phnom Penh, developed by Megakim World Corp Ltd. The property holds an archived status and is currently off-market. The developer is unverified, and there is a discrepancy in the number of floors reported. Starting price: from $1,600/sqm. Due diligence through a verified local partner is required before any consideration.

Data current as of 2025. Project status may change — always verify with a local partner before making decisions.

What is BKK306 and Why Is It Archived?

BKK306, also marketed as Time Square 306, is a residential development on Street 306 in the BKK1 district of Phnom Penh, Cambodia. The project is part of the Time Square series by Megakim World Corp Ltd.

The property currently carries an archived status, meaning it is not actively listed for sale. Off-market status in Cambodia's real estate databases is often assigned when listing data can no longer be confirmed, or when the developer has not renewed active marketing activity. This is not automatically a sign of project failure — but it does require additional verification before any investment step.

BKK1: Why Location Still Matters Here

Boeung Keng Kang 1 (BKK1) is consistently ranked among Phnom Penh's most desirable and liquid residential districts. Home to embassies, international restaurants, coworking hubs, and multinational offices, the area maintains strong rental demand from expatriates and local professionals alike.

For international investors looking at Cambodia real estate, BKK1 offers one of the lowest vacancy rates in the city and competitive rental yields by Southeast Asian emerging market standards. Even an archived listing in this district can represent a genuine opportunity — provided the underlying data checks out.

Three Red Flags You Cannot Overlook

BKK306 comes with a specific set of unresolved issues that make it unsuitable for recommendation without further clarification:

  1. Unverified developer. Megakim World Corp Ltd is active in the local market, but corporate data and track record have not been confirmed through standard due diligence.

  2. Floor count discrepancy. Sources differ on whether the building has 45 or 27 floors. This is not a minor detail — it affects density assessment, infrastructure load, and unit pricing logic.

  3. Off-market status without explanation. Closed sales without a public statement raise questions: Is the project complete? Stalled? Rebranded? The answer matters before any funds move.

None of these flags alone disqualifies the project. All three together require resolution before proceeding.

What Does $1,600/sqm Mean for BKK1?

The reported starting price of $1,600 per square meter sits at the lower end of BKK1's current range. Comparable verified projects in this district typically start from $2,000–2,500/sqm for newly developed stock.

A significant discount in a premium location isn't automatically attractive — it may reflect: - Outdated pricing from a period when the listing was active - Lower finish quality or limited amenities compared to newer competitors - Risk premium embedded in unverified developer and project data

Any price well below market in BKK1 deserves a clear explanation — and that explanation should come from a verified source, not a marketing sheet.

How to Approach Archived Properties in Cambodia

If BKK306 or similar archived listings are on your radar, here is the minimum due diligence framework:

  • Contact a verified local partner before engaging the developer directly. Ground-level confirmation is the only reliable data source for off-market assets.
  • Check developer registration with Cambodia's Ministry of Economy and Finance (MEF).
  • Clarify land title status — hard title vs. soft title, and whether any encumbrances exist.
  • Request the construction permit and compare the approved floor count against what is stated in marketing materials.
  • Do not transfer funds until all data points are confirmed and independently verified.

Archived does not mean dead. It means: do the work before you decide.

Frequently Asked Questions

Q: Is it possible to buy a unit in BKK306 today? A: No. The project is currently off-market, meaning active sales are closed. To determine whether units could become available, contact a verified Cambodia real estate partner directly. Engaging an unverified developer without prior checks carries significant risk.

Q: Is BKK1 still a good investment district in 2025? A: Yes — BKK1 remains one of Phnom Penh's most resilient residential markets, with consistent expat demand and relatively low vacancy. However, district quality does not offset project-level risks. A poorly structured deal in a great location is still a poor deal.

Q: Why does the floor count discrepancy matter? A: A difference between 27 and 45 floors is substantial. It affects the project's density, the number of total units, elevator-to-unit ratios, and ultimately resale and rental pricing. Discrepancies in basic specs are a reliable indicator of broader data reliability issues.

Q: What does 'unverified developer' mean in practice? A: It means that Megakim World Corp Ltd's corporate registration, financial standing, and delivery track record have not been independently confirmed. Working with an unverified developer increases exposure to delivery delays, project changes, and potential legal disputes over title or contract terms.