PHNOM PENH, April 5 (Reuters) - Cambodia's parliament adopted a law on Monday allowing foreigners to own property directly, one of the aims being to attract more investors to the Southeast Asian country.
"This law will surely benefit Cambodia economically, socially, legally, and integrate our country into the region and the world," Im Chhun Lim, minister responsible for construction and urban planning, told parliament after 85 lawmakers out of 96 voted for the law.
Im Chhun Lim said the law would bring an end to the complicated process through which foreigners could buy apartments through a Cambodian representative.
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