Lao Real Estate News/article

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...

Tuesday, 13 September 2011 The government has decided to allow foreign investors to own residential land rights after spending more than a year defining the details of the law. Officials from the Ministry of Planning and Investment said on Friday that foreigners who have invested US$500,000 or more in Laos can now apply to buy land from provincial and capital authorities in accordance with the amended...

Dongmakkhai to become a new city area The allocation of land for new government offices in the Dongmakkhai area of Xaythany district has now been completed after works were progressed over the past year, a senior official from the Ministry of Natural Resources and Environment confirmed yesterday. An area of 800 hectares of conservation forest in Dongmakkhai area will be utilised for this development...

A total of 148 hectares of land in part of Salakham marsh in Hadxaifong district, Vientiane, will be converted into a scenic area with comprehensive facilities to attract visitors. The state owned property has been leased out under a 70 year concession to two companies who will build a recreational area encompassing a guesthouse, restaurant, sports complex, conference rooms, laboratory, organic fruit...

Vientiane Center Project is developed by North NongchanComplex Development Co., Ltd., which was jointly established by Yunnan Overseas Investment Co., Ltd., and KrittaphongGroup Co., Ltd in 2011. Designed by SCP Consultant Ltd (Singapore), the project will be the first urban complex in Vientiane. A wide range of international experience and operation mode will be introduced into the project as to shape...