Today sees the entry into force of the new Law on Land No. 70/NA dated 21 June 2019 (the “2019 Land Law”), which among other things, includes new provisions concerning the limited ownership of land-use rights by foreigners under certain circumstances, and the limited ownership of individual units in a condominium or apartment building.Read more
Prime Minister Thongloun Sisoulith says he wants to end the Lao government’s policy of bartering land for development, in a reversal of a long-term practice that has seen large swaths of the country go to foreign-backed investors.
“The business sector should not convince the governmental sector to create debts for the nation,” Thongloun told the Lao version of the chamber of commerce earlier this month. “In recent years, many big development projects, including ….
Laos reaching its target of issuing one million land titles by 2015 “is possible”, Minister of Natural Resources and Environment Mr Noulin Sinbandith said on Friday.
Work on giving out land titles began in 1997 and since then around 730,000 have been issued.
“The ministry has assigned provinces to pursue the ambitious target [of issuing the remaining 270,000 titles] by 2015,” the Minister told …..
Ten ministries and other public offices are set to be relocated to the Dongmarkkhai area in Vientiane’s Xaythany district under the capital’s urban development master plan.
The move is aimed at addressing rising traffic congestion in Vientiane and shifting development interest from the city centre to the new site, just 20km away. Land authorities have allocated 200ha of land in Dongmarkkhai to accommodate the relocation.
Since the government unveiled the plan for the relocation of public offices to Dongmarkkhai, public interests in buying land plots has shifted to the area. Some people want to buy parcels of land and hold them until they can get a …..
Construction of the 12 kilometre embankment for flood protection in Vientiane will be completed on schedule by December this year.
Nearly two kilometres more needs to be finished and then the project is complete. The workers are carrying this out at Vattay-Yai village in Sikhottabong district.
In addition to providing secure flood protection, the development has given Vientiane an additional and beautiful area of land for residents and visitors to enjoy, from Don Chan Island through Chao Anou Park.
The overall cost of construction is more than ….
Compensation for lands taken for development projects topped debate in parliament yesterday with law-makers stating that affected people should receive reasonable compensation in order to address the emerging land dispute issue.
Members of the National Assembly (NA) are debating to develop the draft National Land Policy at the assembly’s fifth ordinary session of the NA’s Seventh Legislature.Deputy Minister of Natural Resources and Environment, Dr Akhom Tounalom, gave a presentation on the draft process to the NA, opening the floor for debate.
The parliamentarians welcomed the draft policy, which indicates that compensation for …..
Property prices in the capital Vientiane saw a remarkable increase in 2012 as land purchasers grew more confident about the economic growth prospects of the country, thus willing to speculate on future increases.
Price of houses and land in Vientiane saw an increase of between10 to 15 percent in 2012, thanks to growing investor confidence…..