Tag Archives: property

Laos’ First Real Estate Expo Expecting To Draw 40+ Firms To 2-Day Fiesta

via laorealestate.la yula.la & LNCCI. Laotian Times, Lao Post, Champa Meuang Lao among the media partners.

The first real estate investment expo in Laos is set to open eyes, hearts, dreams, and pocketbooks at Don Chan Palace Hotel on Friday & Saturday, March 1-2 2019.

Open to attendance from the public with free entry, Patrons will not only have a chance to eye off some the nation’s best property deals, but go in the draw to win international flight packages and a host of other prizes.

Laorealestate.la, in partnership with the Lao National Chamber of Commerce and Industry (LNCCI) and Laos’ leading online marketplace, www.yula.la, is excited to announce it will be hosting the event.

The Laorealestate.la Expo 2019 is set to bring together Laos’ top property developers, architects, builders, real estate agencies, plot land vendors, banks offering home loans, insurance companies, law firms, and even international property investments.

The Laotian Times, Lao Post and Champa Meuang Lao magazine were among media partners in attendance at the launch.

More than 40 firms will exhibit in one room, for two days only, and the event is expecting over 3000 local and international attendees. Laos’ best luxury car brands and related businesses will also exhibit at the entrance of the event.

On top of a variety of property offerings, the Laorealestate.la Expo will also offer attendees access to a dedicated free seminar room with over 20 seminars from Laos’ leading real estate agents, property development experts, economists, lawyers, financiers, and Government officials.

Various international guests will present in the seminar room, to take a look at Laos’ real estate market in a regional context.

Seminars are focussed on educating buyers and sellers on the Lao investment climate, regulation, pitfalls, and upsides of the sector, and advice for first both first home and experienced buyers.

A special guest confirmed for the event is Dr. Somchai Charoenvarakiet, a Thai Feng Shui Real Estate consultant of over 20 years.

Dr. Somchai is set to offer his insights on how to maximize the positive energy of their home or office through Feng Shui design techniques.

All seminars will be translated via headsets in Lao, English and Chinese languages.

For the first time in the country’s history, all the big names from the Lao real estate industry will be together under one roof.

This presents a perfect opportunity for local buyers and international investors to survey the country’s best property opportunities.

Property sellers and financiers will also bring special expo-only promotions to guests.

 “The LNCCI is proud to be a partner of the first ever specialised real estate investment expo in Laos,” Vice President of the Lao National Chamber of Commerce and Industry (LNCCI), Mr. Daovone Phachanthavong, told the media gathered at the launch.

“Ultimately, events such these will develop the whole sector and the wider economy, sharing information, best practices, business connections and generating a wider consumer base for exhibitors and sponsors, across both local and international networks.”

“This exciting event will provide the perfect platform to celebrate Laos’ real estate industry and to showcase the opportunities this market has to offer to both end-buyers and investors,” Mr Dominick Williams, Chief Executive Officer of APA Insurance Laos (Phongsavanh Insurance (APA) Co., Ltd), the main sponsor and key partner of the laorealestate.la Expo 19 alongside the LNCCI, Yula.la and laorealestate.la, told the gathering.

“Ultimately this will support the progress of the Laos real estate sector and the economy as a whole. As a leading local provider of property and construction insurance, as well as mortgage protection insurance, APA Insurance is delighted to support Expo as partner and main sponsor, and we very much look forward to welcoming guests to Don Chan on March 1st and 2nd, 2019”.

“The 2019 Expo is a great platform for property related businesses to generate leads and increase sales, it also represents a chance to celebrate the local real estate industry and give businesses an opportunity to strengthen their brand.” Mr. James Whitehead, CEO of Yula.la & laorealestate.la, said.

“For our attendees, we are offering a unique opportunity to view a range of property investment options in one room, over 2 days; ranging from plot land options, houses, villas, condos, construction firms, architectural designers, and property services and advice.

“First home buyers will also benefit from a range of home loan options, and specific legal and insurance advice.

“Those seeking international investment, travel, immigration and education options will also benefit from a range of exhibitors advertising opportunities in destinations such as Australia, USA, Europe, Malaysia, and Thailand – to name a few.

“The dedicated seminar room will offer a perfect and totally free opportunity for potential property buyers to learn about taxes, valuations, land laws, investment considerations, market trends and how to finance a home safely, among many other topics. We will have over 20 local and international speakers in the seminar section, over the two-day event.

“The event is now over 70% sold out for exhibitors and sponsors, thanks to a huge effort from the yula.la sales and marketing team, and we have already registered over 1300 local and international guests to join us next month.”

Digital Classified Group (DCG), the Australian-based parent company of Yula.la & Laorealestate.la, is bringing the real estate show concept to Laos after having successfully ran similar expos in several other markets internationally, including Cambodia and Papau New Guinea.

It is boasting a track record of well over USD $80 million worth of property sales at those various events, 30,000 attendees and over 200+ exhibitors.

The event will also be supported through a wide array of Lao and international media partners, including major local media channels both on and offline, Lao’s most prominent business chambers, and an array of investor networks across ASEAN and in China.

Digital Classified Lao Sole Co., Ltd., the Lao subsidiary of Digital Classified Group, would like to extend the utmost thanks to our partners of the first ever Laorealestate.la Expo, namely the Lao National Chamber of Commerce and Industry (LNCCI), the Ministry of Industry and Trade, the Ministry of Industry and Commerce, the Ministry of Planning and Investment, the Ministry of Civil Affairs, the Ministry of Natural Resources and Environment & APA Insurance.

Those wanting to supercharge their brand and business connections are urged to sign up for a booth.

Lao Real Estate Expo 2019

To become an exhibitor or sponsor and take your real estate brand to the next level, visit https://realestatekh.lpages.co/lao-real-estate-expo-2019-exhibitors-sponsors/ or contact: +856 20 55 550 906 | contact@yula.la

Attendees are  encouraged to register as soon for event updates and prizes vis https://realestatekh.lpages.co/lao-real-estate-expo-2019-attendees/ to sign up for free entry and RSVP on Facebook: https://www.facebook.com/events/2192522880987586/

Sponsors include APA Insurance, provider of property and construction insurance, Archineer Associates, Architecture, Engineering and Consultancy firm; Aristo Developers, Property Developing companies in Cyprus, and Bluegrass Design Group and Guru Group, end-to-end marketing companies.

Additional Partners & Media include American-Lao Business Association, The European Chamber of Commerce and Industry in Laos, Austcham Lao, Muan.la, Bizgital, ECCIL (The European Business Chamber), The Laotian Times & LaoPost, Talatlao magazine, Realestate.com.kh, Champa Meuanglao Magazine, J&C Services, 108 Jobs, cvConnect, Kiwipay, Silkroad Media and Big Blue.

The Laotian Times reporting on real estate issues and stories can be found here.

via laorealestate.la yula.la & LNCCI. Laotian Times, Lao Post, Champa Meuang Lao among the media partners.

Lao Real Estate Expo 2019
via laorealestate.la yula.la & LNCCI. Laotian Times, Lao Post, Champa Meuang Lao among the media partners.

Words + Laotian Times; Images + Laos Briefly

140 Fires Inflict Property Damage Nationwide in 2016

A total of 140 fires were reported around the country this year, killing one person, injuring two others and causing over 115 billion kip in damages, according to the Fire Prevention and Protection Police Department.

The department, which is part of the Ministry of Public Security, noted that 188 houses burned down, along with a market, an apartment, 30 shops, three school buildings, four warehouses, two petrol stations, one furniture shop and five monks’ living quarters.

Seven cars and six motorbikes were among the many items damaged or destroyed.

Sixty-three of the fires were caused by electrical short circuits, another five by arson, 48 through carelessness or forgetfulness, and four due to technical error. Another 20 fires are still under investigation.

The biggest fire occurred at the Dao Heuang market in Pakxe district, Champassak province. The blaze gutted the market and caused damages estimated at 58 billion kip.

Sixty-one of the fires occurred in Vientiane, causing over 24 billion kip in damages.

One fire occurred last week in Nongbone village, Xaysettha district, where a house burned down after an electrical short-circuit in a bedroom.

The house was owned by Ms Sanila, 68, and the blaze caused damages estimated at over 800 million kip.

The police and Vientiane Rescue deployed fire trucks to bring the blaze under control, reporting that the fire took hold very quickly as many of the items inside the house were highly flammable. It took fire fighters about 20 minutes to completely extinguish the flames.

The second fire last week occurred in Phakhao village, Xaythany district. It destroyed one house rapidly and spread to two other houses but was then contained. Luckily, no one died.

The concrete single-storey house that was destroyed was owned by MsChanpheng, 59. The blaze caused damage estimated at over 650 million kip and police and other authorities are currently investigating the cause.

T he Fire Prevention and Protection Police Department has urged residents to check electrical devices before leaving home, to take care when burning rubbish, and not to let children play with fire.

The department also repeated its warning for people to be on guard against accidental fires and not to take risks with electrical wiring or appliances, or to leave burning candles unattended, as these are the most common causes of house fires.

Source: Vientiane Times

Valuation of Your Property in Laos

Laos Valuation

By Work Live Laos
Are you looking to purchase a plot of land, or perhaps a new family home? Or have you inherited some property and are unsure of the value? Maybe you have a portfolio of investment properties and need appraisal? In order to know the true value of your property, you’ll need professional valuation.

Despite the recent entrance of large real estate firms such as Century 21, real property valuation in Laos has not yet been officially authorized as a business activity for the private sector. Currently, certified valuation or appraisal is undertaken by the Department of Registration and Valuation, under the National Land Management Authority. It is possible to request a certified appraisal from this department, and it will be appraised in accordance with the department’s internal land pricing index.

Laos Property Valuation

Ask for a Valuation Consultation

To get an idea of your property’s true market value, however, it is worthwhile contacting a professional real estate agency who can offer you some assistance in understanding it. While this won’t be a certified valuation that can be used as verification for a loan or mortgage, it will give you a more accurate picture of market value.

Valuers in other countries use a variety of different methods to appraise a property. These approaches are often less applicable to the conditions of property ownership in Laos,  and so real estate firms in Laos normally appraise property using what is known as the “comparative method.”

The comparative method, or sales comparison approach, is a simple process of comparing sales of recent properties in a given area. Assuming that a buyer will not be willing to pay more for a property than those directly comparable, research into recently traded properties will provide a valuable insight.

A real estate firm has access to a vast database of information regarding recent sales and market prices, and can therefore make a simple valuation for you based on some quick research. While there are a number of agencies offering this service, Work Live Laos real estate agency is qualified and backed up by a number of satisfied clients.

For more information on property valuation, visit our website at www.worklivelaos.com or send an email to contact@worklivelaos.com

 

This article supplied by Work Live Laos real estate agency.
Work Live Laos

500m Yuan Payout for Property Owners Alongside Railway May Be too Small

The compensation to be paid to the owners of parcels of land and buildings that will be used or demolished to make way for the Laos-China railway may not be enough.

Ministers addressed this issue at the National Assembly’s ongoing debate session on Wednesday, answering questions put by Assembly members concerning the compensation to be paid to property owners living in areas where the railway will be built.

Minister of Public Works and Transport Dr Bounchan Sinthavong said that 500 million yuan (about 599 billion kip) had been allocated for compensation payments, but he thought this amount may be insufficient.

“To ensure that the many people who will be affected by the railway will receive compensation, we have negotiated payments with the Laos-China Joint Venture Company,” he said.

One of the questions concerned the planned 50-metre section of land that is to be fenced off along either side of the railway, which in some places runs close to Road No. 13 North and other roads. The questioner wondered if it would be possible to reduce this width.

Dr Bounchan said the matter had been discussed with the Laos-China Joint Venture Company and the consulting company on Tuesday, when officials said this might be possible, but stressed that safety must be assured alongside the track.

It was also stated that people living in the provinces and in Vientiane would be able to grow rice alongside the railway.

Assembly members put 15 questions to the Minister of Public Works and Transport, but he was only able to answer seven in the time available.

Minister of Planning and Investment Dr Souphanh Keomixay said the railway project was 70 percent owned by China and 30 percent by Laos.

Construction is scheduled to begin in December after the signing of a concession agreement in November. The US$6 billion railway, to be built over a distance of 427 km, will be completed by 2021.

The railway will use a 1.435-metre standard-gauge track. There will be 33 stations, 21 of which will be operational initially.

There will be 72 tunnels with a total length of 183.9 km, representing 43 percent of the railway’s total length. The line will also have 170 bridges totalling 69.2 km in length, accounting for 15.8 percent of the total.

Passenger trains will travel at 160 km per hour, while the speed of rail freight will be 120 km per hour.

The railway in Laos will link with the track in Thailand to form part of the regional rail link known as the Kunming-Singapore railway, covering a total distance of about 3,000km.

Source: Vientiane Times

Debt-ridden Vietnamese Property Group to Sell Rubber Plantations in Laos

Hoang Anh Gia Lai is desperate to find a way to settle its $1.44 billion debt.