Lao Real Estate News/article

Vtetimes: Revised law allows foreign nationals to own condominiums

Revised law allows foreign nationals to own condominiums Foreigners will be able to own condominiums in Laos once the authorities enforce the newly revised Law on Land. The Lao Official Gazette, a government website that publishes state legislation, has posted the latest version of the Law on Land, which permits foreigners to own condominiums. Under Article 132 of the law, foreigners can now purchase and...

Foreigners Permitted To Purchase Limited Ownership Of Land-Use Rights – Amended Lao Land Law

Lao PDR Amends Its Land Law – What’s New? Source: VDB/Loi August 27, 2020 Today sees the entry into force of the new Law on Land No. 70/NA dated 21 June 2019 (the “2019 Land Law”), which among other things, includes new provisions concerning the limited ownership of land-use rights by foreigners under certain circumstances, and the limited ownership of individual units in a condominium or...

Capital of Laos Seeks Stronger Ties to China

By Chris Horton VIENTIANE, Laos — Two decades ago, this sleepy city on the Mekong River was just starting to pave its streets. Today, Vientiane, the Laotian capital, is abuzz with change. Cars choke the paved city streets, and the downtown area is brimming with cafes, restaurants and bars catering to the small but growing middle class. In recent years, Chinese investment in resource-rich Laos has...

Vientiane floats new plans for Nam Ngum tourism activities

Vientiane floats new plans for Nam Ngum tourism activities Vientiane has plans to develop new tourism services on the Nam Ngum River in Xaythany district, aiming to attract more visitors. Director of the Information, Culture and Tourism office in Xaythany district, Mr Boualy Keomanyvanh, told Vientiane Times yesterday the capital’s Information, Culture and Tourism Department and the district had...

Three companies shortlisted for Vientiane expressway contract

hree companies shortlisted for Vientiane expressway contract Three companies have been shortlisted to carry out construction of an expressway linking Vientiane city centre to the outskirts, with the new road aimed at easing traffic congestion in the capital. The 15-km expressway will run from Lao-ITECC in Xaysettha district to Dongmakkhai village in Xaythany district.The four-lane, 54-metre-wide road...

Lao govt gives green light for tourism complex development in Vangvieng

VIENTIANE (Vientiane Times/ANN) - A Chinese company is beginning construction of a more than US$200-million tourism complex at the disused airfield in Vangvieng district, one of the top tourist destinations in Laos. The government has agreed for the developer, the Lao Yijin Group Co., Ltd to carry out the project after the completion of all required measures, such as a feasibility study in line with the...

Developer asked to provide more details of planned complex in Vangvieng

Vientiane provincial authorities have asked investors to further study the potential environmental impact of a tourism complex that has been proposed for the disused airfield in Vangvieng district. Following an agreement with provincial authorities last March, Yijin Construction Engineering Lao Co., Ltd. began a one-year feasibility study for the project, which is planned on a 15-hectare site. According...

Chinese Investors Launch Multimillion Dollar Project

(KPL) Two Chinese companies Wen Hao and Zhongtuo Guangfu have launched a multimillion dollar real estate project which will involve the development of a business centre, a four-star hotel, and a modern condominium in Sikhottabong district, Vientiane Capital. The real estate complex will be built in the place of Ta Lad Leng, a Chinese market located in Vientiane Capital. The complex will sit on 5,000 sq m...

First zone of Nongtha project well underway

The Nongtha Paradise Land project in Chanthabouly district of Vientiane has completed about 60 percent of the first zone's basic infrastructure works like land clearance and marking out roads and building plots. This first zone, which covers about 15 hectares, will comprise hotels, a trade centre, parking, houses and apartments for sale and it is expected that the zone will be finished in 2015,...

Land price increase slows

The price of prime land in Vientiane has witnessed only small increases this year as it nears its peak, according to a major real estate firm. Rent and Buy Property, Managing Director, Mr Houmphan Sayalath, said his company had been monitoring land prices in Vientiane for several years and had seen only minor increases this year. “Land prices in prime areas of Vientiane have been stable; one of the...

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