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Property meeting

Property meeting

Some 100 property developers are to meet with the government today to

discuss contested new rules that aim to tighten licensing requirements

and establish reserve requirements for new construction projects. The

prakas, or edict,  would force developers to set aside capital in case

they go bankrupt, while setting tighter licensing requirements.

Government officials say the prakas is aimed at protecting buyers, but

some developers oppose the rule, saying it will hurt the real estate

market. The meeting starts at 2:30pm at the Hotel Cambodiana.

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