Last update05:34:29 PM
The government is examining its policies on Lao expatriates' land ownership rights in Laos so those returning to their mother country can have a place to set up a permanent life.
Ministry of Foreign Affairs Department of Lao Overseas Affairs Director General, Mr Thuan Vorasarn, spoke to Vientiane Times last week about possible changes to land laws related to Lao expatriates returning home.
By Ian MacKinnon, Financial Times
When developers proudly promise their efforts will shortly transform the sleepy Lao capital of Vientiane into a Hong Kong on the Mekong river, the future looks bleak for the city’s dwindling roster of French colonial villas that grace the tree-lined boulevards.
Demand for housing in Vientiane is expected to boom over the next few years creating new opportunities for developers, according to real estate firms.
Real estate managers are speculating growth in the housing market will take off when Laos becomes part of the Asean Economic Community in 2015 due to strong economic growth and a rising population.
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