Lao Real Estate News/article

Vientiane Smart City, Local Company to Construct Smart City in Vientiane Capital

Lao-owned construction company Douangchaleun Development Construction Group is to construct a Smart City development project in the capital of Laos. The government of Laos has granted Douangchaleun Development Construction Group permission to conduct a feasibility study for a Smart City project in Vientiane Capital and has frozen plots of land across two districts. Investors are now in the initial stages...

Open to all-comers: Laos sets its sights on foreign investors, eases homeownership guidelines

Jan 19, 2021 by Steve Finch With the pandemic wreaking havoc on its economy, little Laos is hoping that relaxed foreign ownership rules can inject life into its housing market—with Chinese investors a prime target   A decade ago, owning apartments in mainland Southeast Asia remained off-limits to overseas property buyers, except in Thailand and Malaysia. Then Cambodia opened up its condo market,...

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...

Revised (land) law allows foreign nationals to own condominiums

Lao PDR Amends Its Land Law – What’s New? 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...

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...

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