DPA
Phnom Penh - Cambodia's depressed property market received a boost Monday after parliament passed a much-anticipated law permitting foreigners to buy property.
The law, which developers had long pushed for, allows foreign nationals to buy property above the ground floor, but not the land on which the property stands.
Sok Chenda, the secretary-general of the Council for the Development of Cambodia, the government's investment body, said the law ought to help the struggling real estate market.
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