{"id":1359,"date":"2019-02-05T10:32:59","date_gmt":"2019-02-05T10:32:59","guid":{"rendered":"http:\/\/pgawards.wpengine.com\/?p=1359"},"modified":"2024-09-18T12:29:51","modified_gmt":"2024-09-18T05:29:51","slug":"how-laos-neighbours-are-impacting-its-real-estate","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/how-laos-neighbours-are-impacting-its-real-estate\/","title":{"rendered":"How Laos&#8217; neighbours are impacting its real estate"},"content":{"rendered":"<p><strong>With a Belt and Road project making headway, the landlocked ASEAN country may yet defy a regional real estate slump and shortfall in demand<\/strong><\/p>\n<figure id=\"attachment_1360\" aria-describedby=\"caption-attachment-1360\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-1360\" src=\"http:\/\/pgawards.wpengine.com\/wp-content\/uploads\/2019\/02\/How-Laos-neighbours-are-impacting-its-real-estate.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/How-Laos-neighbours-are-impacting-its-real-estate.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/How-Laos-neighbours-are-impacting-its-real-estate-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/How-Laos-neighbours-are-impacting-its-real-estate-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-1360\" class=\"wp-caption-text\">View from the top of Patuxai Arch in Vientiane, Laos. OULAILAX NAKHONE\/Shutterstock<\/figcaption><\/figure>\n<p>The regional slump in residential property prices may have some repercussions on Laos, the\u00a0<a href=\"https:\/\/www.khmertimeskh.com\/50573460\/cambodia-getting-buzz-amid-global-slump\/\" target=\"_blank\" rel=\"noopener noreferrer\">Khmer Times<\/a>reported.<\/p>\n<p>Despite being relatively isolated in the region, Laos has been &#8220;feeling some minor effects from the current slump across Asia,\u201d\u00a0James Whitehead, CEO and director of\u00a0Laorealestate.la, was quoted as saying by the\u00a0Times.<\/p>\n<p>Real estate firms in the landlocked ASEAN country need to promote investments in apartments instead of condominiums, according to regional property valuer Sopon Pornchokchai.<\/p>\n<p>\u201cMega housing projects in Vientiane are likely to disappoint because they are not suitable for such a small city but apartment projects will boom,\u201d he told\u00a0<a href=\"https:\/\/www.phnompenhpost.com\/post-property\/property-expert-encourages-investment-apartments\" target=\"_blank\" rel=\"noopener noreferrer\">The Phnom Penh Post<\/a>.<\/p>\n<p>Vientiane apartments will enjoy patronage from government employees and office workers, Sopon added.<\/p>\n<p>Ambitious projects in Laos have enlivened property experts\u00a0however. Under China\u2019s Belt and Road initiative, a 414-kilometre rail network will soon connect Vientiane to the Chinese city of Yunnan.<\/p>\n<p>Originally set for completion in 2021, the Laos-China Railway has been making headway of late, with builder China Railway No.2 Engineering Group (CREC-2) calling progress on the USD6-billion project a transition from \u201csubstructure to superstructure.\u201d<\/p>\n<p>Around 210,133 Chinese tourists made the overland crossing to Laos last year, a number that could swell once the trains become operational. The trains will run at speeds of up to 160 kilometres per hour.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With a Belt and Road project making headway, the landlocked ASEAN country may yet defy a regional real estate slump and shortfall in demand<\/p>\n","protected":false},"author":2,"featured_media":19801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-report","news_country-rest-of-asia","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How Laos&#039; neighbours are impacting its real estate | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/how-laos-neighbours-are-impacting-its-real-estate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Laos&#039; 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