Lao Real Estate News/article

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...

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...

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...

(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...

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,...

Property prices in the capital Vientiane saw a remarkable increase in 2012 as land purchasers grew more confident about the economic growth prospects of the country, thus willing to speculate on future increases....

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...

By Ian MacKinnon, Financial Times When developers proudly promise their efforts will shortly transform the sleepy Lao capital of Vientiane into a Hong Kong on the...

Demand for housing in Vientiane is expected to boom over the next few years creating new opportunities for developers, according to real estate firms. Real estate managers are speculating growth in the housing market will take off when Laos becomes part of the Asean Economic Community in 2015 due to strong economic growth and a rising population. “Demand for houses and offices in Vientiane has been...

The government is examining its policies on Lao expatriates' land ownership rights in Laos so those returning to their mother country can have a place to set up a permanent life. Ministry of Foreign Affairs Department of Lao Overseas Affairs Director General, Mr Thuan Vorasarn, spoke to Vientiane Times last week about possible changes to land laws related to Lao expatriates returning home. “The...