The developer of the That Luang Marsh Special Economic Zone in Laos has spent $200 million on the project’s development since it began operations in 2012.
With the market for large lots slowing down, property owners have begun subdividing their land into smaller blocks to attract more buyers and spur sales.
The price of apartments in Vientiane is expected to have slightly decreased in the first three months of 2017 compared to the same period last year, say sector officials.
Viet Nam’s PetroVietnam Oil Corporation (PV OIL) is running profitably in Laos, with average revenues of over US$100 million and a contribution of over $20 million to the host country’s budget a year.
BIM Group Vietnam and Intercontinental Hotels Group, one of the world’s leading hotel companies, recently launched a new 197-room hotel in response to the growth of tourism in Laos.
Hotel in historic Vientiane underscores company's growing APAC footprint
Phongsavanh Group of Laos expects to cooperate with a major Thai property investor, Isaan Piman Group Co Ltd, on a condominium development in Thailand in the future.
Property investors are currently drawing up a law that will call on the National Assembly (NA) to consider foreigners to be able to purchase apartments, according to officials in the sector.