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Logo of Phnom Penh Post newspaper Phnom Penh Post - Value of residential approvals declines

Value of residential approvals declines

THE value of investments approved by the government for residential property in Phnom Penh declined an annualized 65 percent for the first five months of the year, compared to 2009. The Ministry of Land approved 793 projects from January to May this year, worth an estimated US$58 million, government statistics show.

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