Khuadin market redevelopment expected to open in May
Khuadin market redevelopment expected to open in May
The redeveloped first zone out of the three zones of the Khuadin market area is now 70 percent complete and is expected to reopen for traders in May.
According to a staffer at Khuadin Market Office, the market is owned by a private company, Lieng Heng Trade and Market Development, which has redeveloped 20 percent of its area since August, 2015.
Whilst works are underway, the vendors have been requested to move their products to sell in other markets or some areas arranged by market authorities to make construction work more convenient.
The new construction featuring a modern style of market is expected to host more than 170 stores to sell clothes, shoes, bags and household products.
The total Khuadin market area is about 27,000 square metres in and is divided into five zones.
Each of the three zones, which feature products such as clothes, bags, and household items, will be redeveloped in turn, after the first zone opens for rent.
Another two existing zones are expected to be redeveloped mid-year and finished within 2017, which will help to ensure order for traders and ease of market management.
Market officers said the new building will soon open bookings for traders who want to sell from the new facility but it has not yet released the details on the rental prices.
The rent that the developer is currently collecting from vendors is more than 500,000 kip per month.
The number of foreign vendors, especially Vietnamese, who are selling their products together with the Lao vendors in the market, has increased significantly.
However, market authorities said the redevelopment of the three zones would not affect the two zones of Lao traders selling agricultural products and meat, which is still open for shoppers to purchase meat, vegetables and other goods.
