Original report from Phnom Penh
01 April 2010
The National Assembly Thursday began discussing a new law that allows foreigners for the first time to own apartments and other residential property—above the ground floor.
Officials say they hope the law will draw more foreign investment, but opposition lawmakers Thursday said the law needed clarifying.
“We are very worried on some points in the draft law affecting our national sovereignty and interest,” Sam Rainsy Party parliamentarian Son Chhay said.
One section in the law seems to allow foreigners property rights within 30 kilometers of the national border, he said, but the same article allows for buildings in special economic zones and other areas while giving the government the opportunity to grant foreign rights.
“This is a point that stirs up doubt and worry,” he said.
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