(Photo: Cambodge Soir Hebdo)By Chun Sakada, VOA Khmer
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.
The Council of Ministers drafted the law in December, in a move to improve private ownership right, increase investment and make doing business in Cambodia easier. It allows for the ownership of apartments from the second story and a larger stake in residential property for foreigners.
“Our real estate market will have more progress after the law comes out,” Cambodian People’s Party lawmaker Cheam Yiep said. “This law is very important to encourage foreigners to invest and to fulfill their duties as investors.”
Land Minister Im Chhun Lim told lawmakers Thursday the law would “boost economic growth” and provide employment in construction. With a better property market, Cambodians will learn more technical skills, he said.
Sung Bonna, head of the National Valuers Association and owner of his own real estate group, said realtors had been waiting for the law “for a long time.”
“In this law there are mostly no negative points,” he said.
The law could invigorate the real estate market, which has languished in recent years, he said.
“This law cannot make higher prices for real estate or land,” he said. “It will just recover the activities of buying and selling, because it provides confidence to investors.”
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.
The Council of Ministers drafted the law in December, in a move to improve private ownership right, increase investment and make doing business in Cambodia easier. It allows for the ownership of apartments from the second story and a larger stake in residential property for foreigners.
“Our real estate market will have more progress after the law comes out,” Cambodian People’s Party lawmaker Cheam Yiep said. “This law is very important to encourage foreigners to invest and to fulfill their duties as investors.”
Land Minister Im Chhun Lim told lawmakers Thursday the law would “boost economic growth” and provide employment in construction. With a better property market, Cambodians will learn more technical skills, he said.
Sung Bonna, head of the National Valuers Association and owner of his own real estate group, said realtors had been waiting for the law “for a long time.”
“In this law there are mostly no negative points,” he said.
The law could invigorate the real estate market, which has languished in recent years, he said.
“This law cannot make higher prices for real estate or land,” he said. “It will just recover the activities of buying and selling, because it provides confidence to investors.”
7 comments:
In a multi-parties parliament, the seating shouldn't be placed like that at all. It should be place into tow groups; opposition group in one side and ruling group in one side and speaker, deputy speakers at the midle. The leader of the opposition and his deputies will face straight to the sitting of the Prime Minister and his deputies. All ministers are sitting at the front row and all other MP called back benchers are sitting at the back row.
In this way of sittings, we can see them attack to each other very efficiency.
To make multi-parties rules efficiently, all opposition members must demande for change.
Areak Prey
More YUON will come to live and own the lands inside Cambodia. Woot CPP is YUON pupet now they done more favor for YOUN>
Cambodian people relied very much to their leaders for their honesty.
If Cambodian parliament approve this property law for foreigners to own, Cambodian people will be in Hell again by loosing their land and now from their historic place of birth to foreigners.
The governme should encourage investors to build more and sell cheap to local Cambodian so that Cambodian people can live in better standard. If they allow forreigners to own, it will push Cambodian property price and will push Cambodian to live in poverty and to be homemaids of foreigners in their home country. Will it be a hurtfull feeling for all Cambodian for this kind of destruction?
The lawmakers need to be monky mind to approve this law.
Diplôme de la honte
There should be a limited ability of foreigners to own land if they build a factory or a business because if one owns land and building,it's much easer to get financing. This in turn allows for jobs for locals.
I'm against ownership of large tracks of land and I'm also against these 90 year + 20 year leases by the RG- those should be limited to 20 years and renewable if providing positive contributions to society.
hypocrite Chhay Son, you are always talk nonsense. Your ideas just very confusing from time to time.I think you just like to talk and no substance at all.
please think more than talk
Democratic Kampuchea Pol Pot Khmer Rouge Regime
Members:
Pol Pot
Nuon Chea
Ieng Sary
Ta Mok
Khieu Samphan
Son Sen
Ieng Thearith
Kaing Kek Iev
Hun Sen
Chea Sim
Heng Samrin
Hor Namhong
Keat Chhon
Ouk Bunchhoeun
Sim Ka...
Committed:
Tortures
Brutality
Executions
Massacres
Mass Murder
Genocide
Atrocities
Crimes Against Humanity
Starvations
Slavery
Force Labour
Overwork to Death
Human Abuses
Persecution
Unlawful Detention
Cambodian People's Party Hun Sen Khmer Rouge Regime
Members:
Hun Sen
Chea Sim
Heng Samrin
Hor Namhong
Keat Chhon
Ouk Bunchhoeun
Sim Ka...
Committed:
Attempted Murders
Attempted Murder on Chea Vichea
Attempted Assassinations
Attempted Assassination on Sam Rainsy
Assassinations
Assassinated Journalists
Assassinated Political Opponents
Assassinated Leaders of the Free Trade Union
Assassinated over 80 members of Sam Rainsy Party.
"But as of today, over eighty members of my party have been assassinated. Countless others have been injured, arrested, jailed, or forced to go into hiding or into exile."
Sam Rainsy LIC 31 October 2009 - Cairo, Egypt
Executions
Executed over 100 members of FUNCINPEC Party
Murders
Murdered 3 Leaders of the Free Trade Union
Murdered Chea Vichea
Murdered Ros Sovannareth
Murdered Hy Vuthy
Murdered Journalists
Murdered Khim Sambo
Murdered Khim Sambo's son
Murdered members of Sam Rainsy Party.
Murdered activists of Sam Rainsy Party
Murdered Innocent Men
Murdered Innocent Women
Murdered Innocent Children
Killed Innocent Khmer Peoples.
Extrajudicial Execution
Grenade Attack
Terrorism
Drive by Shooting
Brutalities
Police Brutality Against Monks
Police Brutality Against Evictees
Tortures
Intimidations
Death Threats
Threatening
Human Abductions
Human Abuses
Human Rights Abuses
Human Trafficking
Drugs Trafficking
Under Age Child Sex
Corruptions
Bribery
Embezzlement
Treason
Border Encroachment, allow Vietnam to encroaching into Cambodia.
Signed away our territories to Vietnam; Koh Tral, almost half of our ocean territory oil field and others.
Illegal Arrest
Illegal Mass Evictions
Illegal Land Grabbing
Illegal Firearms
Illegal Logging
Illegal Deforestation
Illegally use of remote detonation bomb on Sokha Helicopter, while Hok Lundy and other military officials were on board.
Lightning strike many airplanes, but did not fall from the sky. Lightning strike out side of airplane and discharge electricity to ground.
Source: Lightning, Discovery Channel
Illegally Sold State Properties
Illegally Removed Parliamentary Immunity of Parliament Members
Plunder National Resources
Acid Attacks
Turn Cambodia into a Lawless Country.
Oppression
Injustice
Steal Votes
Bring Foreigners from Veitnam to vote in Cambodia for Cambodian People's Party.
Use Dead people's names to vote for Cambodian People's Party.
Disqualified potential Sam Rainsy Party's voters.
Abuse the Court as a tools for CPP to send political opponents and journalists to jail.
Abuse of Power
Abuse the Laws
Abuse the National Election Committee
Abuse the National Assembly
Violate the Laws
Violate the Constitution
Violate the Paris Accords
Impunity
Persecution
Unlawful Detention
Death in custody.
Under the Cambodian People's Party Hun Sen Khmer Rouge Regime, no criminals that has been committed crimes against journalists, political opponents, leaders of the Free Trade Union, innocent men, women and children have ever been brought to justice.
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