Market Hopes Property Law Will Boost Growth

The passage of a new law for the ownership of property by foreigners could give a boost the stagnant real estate market as well as bring in more investment, industry experts say. The much-anticipated Foreign Ownership Property law was passed by the National Assembly last week and must now move through the Senate before being [...]

Foreigner Property Law Debated

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 [...]