Ground broken as Lao, Chinese investors launch city’s newest project skywards
Ground broken as Lao, Chinese investors launch city’s newest project skywards
A new joint venture real estate project in Vientiane - Sky City – officially got underway on Thursday, with construction expected to be complete within the next two to three years.
A groundbreaking ceremony was attended by Vientiane Vice Mayor Mr Keophilavanh Aplaylath, officials from Chanthabouly district, investors, bankers and business operators.
Mr Yan Yong, CEO of the Sky City construction project, said the Lao Long Full Investment Co., Ltd. would invest about 2.56 trillion kip (US$320 million) in the project.
“The project will be a joint venture with 51 percent Lao investment and 49 percent Chinese,” the project’s Legal Representative and Development Manager, Mr Soulintha Phanthavong, said.
The complex will be built on an area of about 4.5 hectares in Chanthabouly district. It will offer lots of commercial and residential property plus a hotel, a shopping centre, a recreational park and international business facilities.
Mr Keophilavanh said the rapidly growing social and economic development in Laos was partly due to Vientiane’s cooperation with the Chinese government in investment promotion in mega-projects such as special economic zone development. This had generated significant revenue and employment in Vientiane.
At the ceremony, the Lao Long Full Investment Co., Ltd. signed agreements with the Industrial and Commercial Bank of China and Lao China Bank for financial support for the project.
Sky City will be a leading urban complex in Laos, and a future commercial centre in Vientiane. It integrates commercial apartments, a starred luxury hotel, and an office and commercial centre.
Vientiane Skyward will integrate offices, a commercial centre, high-end apartments, a starred hotel and quality residential facilities.
It will be an urban complex that provides an overall living space with complete commercial functions, well-developed planning and unlimited free modern business living style to attract a gathering of top enterprises.
The international commercial apartment building has a rectangular plane and a concise and liberal appearance. It features foursquare houses that provide residents with every convenience and a full range of comforts. Experienced international hotel management will provide living and working services to guests, meeting their different demands.
The serviced apartments provide hotel services, such as home cleaning, meal service, washing and ironing facilities, bed changing, and hourly service.
The five-star hotel will be a place to explore the culture of Vientiane through the senses of touch, taste, smell, vision and hearing.
A specialised team, 24 hour door service, luxury guest rooms and high speed wireless broadband will ensure every guest’s needs are fulfilled.
The grand banquet hall and multifunctional conference room come equipped with advanced audiovisual equipment, together with a professional service team to facilitate social activities, commercial meetings, brand exhibitions and fashion shows.
These promise to be extraordinary events, highlighting the glory and success of commercial gatherings.
People can feel happy and carefree as they swim in the indoor pool, relax in the spa centre, sweat in the fitness centre, or sing in the entertainment club.
The hotel will also provide a variety of high-quality foods and meals according to individual choice.
The upscale shopping centre will enrich the surrounding life, not only with a million choices of brand commodities but also as the best choice for relaxation and entertainment.
vientiane times
