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In Brief: Units sold on $1m estate

In Brief: Units sold on $1m estate

ABOUT 20 units of 36 planned for a US$1 million residential development in Kandal province’s Kien Svay district earmarked for government officials have been pre-bought, according to developer Thong Sarath. Houses in the 5,000-square-metre site in Veal Sbov commune were priced between $30,000 and $35,000, he said. Buyers were also given Camry vehicles valued at around $8,000. Thong Sarath said he did not expect to make a profit on the development but was hoping to make a good return on a similar, larger development planned for Phnom Penh’s Meanchey district.

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