Nongtha Paradise land available for reservation

Domestic and foreign investors now can reserve land in the Nongtha Paradise Land project in Chanthabouly district, Vientiane, with the construction of infrastructure in the first zone almost complete.

The project will transform almost 75 hectares of land in the Nongtha wetland area into an urban development that has essential infrastructure, houses, a resort, hospital, hotels, restaurants and tourist facilities incorporated into a leisure park at an estimated total cost of about US$250 million.

Currently only the Lao-Viet Bank, which covers four hectares of land, is under construction at the site, project coordinator Mr Bounmy Sithavone told Vientiane Times recently.

Some Chinese companies recently came to gather information about the project but they have not yet decided to invest, he said.

Local investors have expressed concern about land titles because the concession only runs for 50 years, he added.

However, he assured interested parties they would be able to operate beyond the 50-year concession according to agreements made between the Lao government and the developer.

This first zone, which covers about 15 hectares, will comprise hotels, a trade centre, parking, houses and apartments for sale.

Most of the infrastructure work in the three zones will be completed by 2020, and it is hoped that the development will bring more investors from within the country and overseas.

The project is an investment of the Ha Do Group from Vietnam which has paid the Lao government about US$1.65 million to compensate peo ple who have lost land and houses to the development.

About 35 families in total are having to relocate and leave behind more than 100 plots of land.

Three zones of the project lie within an area surrounded by Nongtha Tai, Neua, Dondeng, Phonsavang and Houayhong villages.

The project is one of many such developments taking place in Vientiane to further the overall socio-economic and residential growth of the city.

The land will become an ecologically sound urban area in the heart of Vientiane. Over 60 percent of the land will be green space and will have water features, designed to be open areas in harmony with nature while offering a full range of high quality service utilities.

The completed project will contribute to improving the environment, changing the urban landscape, creating a green, clean, beautiful, bright-at-night ecological urban city, and a safe, civilised and dynamic residential community to meet the housing needs and aspirations of all people.

After a tiring day of work or study residents can enjoy relaxing in the island resort while the lake is an ideal place for walking, fishing or simply sit ting and dreaming.

By Times Reporters
(Latest Update January 18, 2016)