Investors Push Cambodia on Real Estate

PHNOM PENH, Cambodia - Foreign investors pushed the Cambodian government Tuesday to allow foreign ownership of buildings, apartments and condominiums, saying such a step is important to advance the country's economic growth. "It will help further develop the real estate market in Cambodia," said Bretton Sciaroni, an American lawyer, in a speech at a government forum Tuesday. Sciaroni cited the examples of Singapore, Thailand, Malaysia, Indonesia and the Philippines, which all permit foreign ownership of apartments and condominiums.