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.
Apartment sales are expected to increase by up to 8-10 percent this year as developers offer more payment options for buyers, according to a leading real estate agent.
International Real Estate comp any Century 21 has officially opened its first branch in Laos to broaden its offering of real estate services in the Southeast Asian nation.
Lao and foreign tourists who plan to visit Luang Prabang for New Year need not be concerned about finding a room as hotels and guesthouses are still not fully booked, a provincial official has said.
Apartment sales prices and rents in Vientiane are expected to decrease by around 5 percent next year as more developments come onto the market, according to a leading operator in the sector.
The Muong Thanh Group, Vietnam's largest private hotel operator, launched its first luxury hotel in Laos on Thursday in hopes of expanding its operations into overseas markets.
Champasak Grand Hotel will open its first branch outside of Pakxe district early next year with plans to build a new hotel in the tourist hotspot, Vangvieng district in Vientiane province.
As part of the first stage of the World Trade Centre (WTC) project under the Lao International Development Co., Ltd., Naga Mall recently concluded the signing of an agreement with customers to open for international and local brands.