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Message started by Lao Pride Administrator on 6th Apr, 2011 at 6:47am

Title: Apartments in Vientiane
Post by Lao Pride Administrator on 6th Apr, 2011 at 6:47am
There are many fully furnished apartments in Vientiane like the pictures below. It has basically everything you need, and there's even a maid to do all the full cleaning services for you, including your room, dishes and clothing.

Apartments in Vientiane are a convenient choice for those seeking long term accommodation. If you plan to stay for a few weeks, then guest houses and hotels are the best options.

This particular apartment is near the Soradith nightclub so it can be noisy late at night when nightclub goers return home.




















































Title: Re: Apartments in Vientiane
Post by Lao Democratic on 6th Apr, 2011 at 6:59am
Very nice apartment. how much for a rent a month? I want to live in something like that when I retire.
8-) ;)

Title: Re: Apartments in Vientiane
Post by Lao Pride Administrator on 6th Apr, 2011 at 7:09am
It's nice, apart from the toilet and shower area because it's not too spacious, but I'm told that the problem is just with this room.

Rent costs $300 US per month with free water usage.

Title: Re: Apartments in Vientiane
Post by Lao Democratic on 6th Apr, 2011 at 7:31am
$300 a month good prices. Get a roommate and pay $150 each. Something like that in the US will cost around $650 or more.
8-)

Title: Re: Apartments in Vientiane
Post by Lao Pride Administrator on 6th Apr, 2011 at 8:08am
They only have double size beds, so you'll have to sleep with your roommate.   :o

Title: Re: Apartments in Vientiane
Post by JSEA on 6th Apr, 2011 at 11:41am
Anything for 100/month? From what I've seen most prices are the same as Bangkok, or more expensive...and Vientiane is much smaller than Bangkok. Seems like 200 is the minimum, I don't understand the price discrepancy.

Title: Re: Apartments in Vientiane
Post by MrLao4ever on 6th Apr, 2011 at 12:50pm
Very nice indeed.  Lao Democratic, please do not get a roommate to share your apartment unless a hot Lao chick ;D.  Are the houses and aparments in Vientiane produced by the same builder?  They all looked similar to me (exterior and interior color selections and roofing style for examples).

Title: Re: Apartments in Vientiane
Post by Lao Democratic on 6th Apr, 2011 at 3:14pm

PEACE wrote on 6th Apr, 2011 at 12:50pm:
Very nice indeed.  Lao Democratic, please do not get a roommate to share your apartment unless a hot Lao chick ;D.  Are the houses and aparments in Vientiane produced by the same builder?  They all looked similar to me (exterior and interior color selections and roofing style for examples).


Good idea about roommate. Get a hot Lao wife instead.
:D ;D

Title: Re: Apartments in Vientiane
Post by JSEA on 6th Apr, 2011 at 3:27pm
Lol, wife for foreigners, girlfriend for Laotians.

Unless you're a foreigner who's partial to Lao prison.

Title: Re: Apartments in Vientiane
Post by Lao Democratic on 6th Apr, 2011 at 3:48pm

JSEA wrote on 6th Apr, 2011 at 3:27pm:
Lol, wife for foreigners, girlfriend for Laotians.

Unless you're a foreigner who's partial to Lao prison.


I don't think having a girlfriend as a roommate is a good idea in Laos because of conservative culture and tradition.
;) ::)

Title: Re: Apartments in Vientiane
Post by JSEA on 6th Apr, 2011 at 3:54pm
True. I think it's funny how the culture is modest, but then you hear about the Hmong who sometimes have multiple wives.

Title: Re: Apartments in Vientiane
Post by MrLao4ever on 6th Apr, 2011 at 5:34pm
Girlfriends are not allowed in Laos?  Just asking ::).

JSEA wrote on 6th Apr, 2011 at 3:27pm:
Lol, wife for foreigners, girlfriend for Laotians.

Unless you're a foreigner who's partial to Lao prison.


Title: Re: Apartments in Vientiane
Post by JSEA on 6th Apr, 2011 at 6:25pm
There's a law that says Lao nationals aren't allowed to sleep with foreigners, unless they are they're married.

Foreigner gets a huge fine, and khon Lao maybe goes to jail.

Actually our very own web hosts have a pretty good page about it.

http://www.laobabes.com/relationship.html

Title: Re: Apartments in Vientiane
Post by JSEA on 6th Apr, 2011 at 9:09pm
So back to the original topic, are there cheaper apartments in Vientiane? Are they actually *in* Vientiane too? Or are they 10km outside the city limits?

Title: Re: Apartments in Vientiane
Post by Lao Pride Administrator on 6th Apr, 2011 at 9:19pm
You can't find an apartment for $100 US a month in Vientiane. The low end price is about $250 US, because apartments are equipped with everything for you.

It's possible to rent an empty house, flat or other forms of accommodation for under $100 US.

Title: Re: Apartments in Vientiane
Post by JSEA on 6th Apr, 2011 at 9:40pm
:'( looks like I won't be moving to Laos anytime soon then.

Title: Re: Apartments in Vientiane
Post by Lao Democratic on 6th Apr, 2011 at 10:28pm

JSEA wrote on 6th Apr, 2011 at 9:40pm:
:'( looks like I won't be moving to Laos anytime soon then.


How much a month for apartment in Bangkok? I like small city. Bangkok is a big city with 11 million people. That's also mean more pollution and higher crimes rates.
:o

Title: Re: Apartments in Vientiane
Post by Tee on 6th Apr, 2011 at 10:47pm
Maybe is a opportunity for me to set-up service apartment with a nice restaurant and a 7/11 on the ground floor. Do you know witch area should I look for Admin? or maybe, I should set it up as a time share apartment? Any of you interested?

Title: Re: Apartments in Vientiane
Post by Lao Democratic on 7th Apr, 2011 at 1:21am
Time share apartment in Laos Tee?

Title: Re: Apartments in Vientiane
Post by MrLao4ever on 7th Apr, 2011 at 3:10am
Actually I was thinking something that is very similar to your idea.  A multi-unit infrastructure with a condo or an apartment on the second floor.  First floor would consists of a restaurant in the middle and other smaller units to the left and right can be rented out.


Tee wrote on 6th Apr, 2011 at 10:47pm:
Maybe is a opportunity for me to set-up service apartment with a nice restaurant and a 7/11 on the ground floor. Do you know witch area should I look for Admin? or maybe, I should set it up as a time share apartment? Any of you interested?


Title: Re: Apartments in Vientiane
Post by Lao Democratic on 7th Apr, 2011 at 4:14am
Last time read on the news government doesn't allow foreigner to invested in hotel business and fish pond anymore. Because small locals hotel are losing business. And the prices of fish drop.
:o 8-)

Title: Re: Apartments in Vientiane
Post by Tee on 7th Apr, 2011 at 4:37am
Why not? it work some where else! let see.....

Legal identity
unit share can set-up as a company share according to the company law in Laos. Those time share can sell freely according with the market price.

Capital $1.5M

Land value in 1200sqx$250=$300,000
Assume we build 40unitsX$20,000 building cost=$800,000
interior furnish $5,000 X 40Unit=200,000
A judgement cost  and other cost(that is including the restaurant and the 7/11 shop on ground floor) $200,000 to pay with
total $1.5m

Dividend and time share selling price

Cost price per unit -40/1.5m=$37,500 per unit( the reason didn't include the 2 shops because is not for sale)

$37,500xprofit 50%=$56250 per unit
$56350/50 weeks=$4,500
(in this case 2 week of the year are for vacancy rate and repaired)

The cost to own the time share are

Each time share     $4,500 (one time)
management fee    $55 (Annually)
Leasing fee            $10%(per item)

Each time share can used the unit for 4 weeks of the year and also if they don't want to use it,the management can lease is out at the market price($200 per week x 4=$800-10% leasing fee=$720

I am sure this will work...maybe someone can help me make it better.You are all welcome to throw in your idea here!

Title: Re: Apartments in Vientiane
Post by JSEA on 7th Apr, 2011 at 10:02am
Right now I am paying about USD 250 for a serviced apartment. This means it gets cleaned twice a week, sheets changed, etc. It's a 5 minute walk from the skytrain, so I can get anywhere interesting in Bangkok easily.

That being said, it is OVERPRICED. Even in Bangkok, 4000-5000 baht (USD 120-150) will get you a nice regular furnished apartment. So yeah, you have to provide your own sheets and clean it yourself, but that's really not a big deal.

I'm a bit amazed at how expensive apartments are in Vientiane, especially since the pay is so much worse (for locals *and* foreigners). I'm not sure how any foreigner could live there without working for a fancy NGO...or the UN. Well, besides marrying a Lao person and starting a business in their name (or giving up other citizenship for Lao citizenship, and then directly owning everything).

I'm sad now :(

Title: Re: Apartments in Vientiane
Post by MrLao4ever on 7th Apr, 2011 at 11:41am
Tee, sounds extremely interesting now.  I will get back with you with my estimates.  I started crunching numbers about 3 months ago.  Are you in Vientiane?


Tee wrote on 7th Apr, 2011 at 4:37am:
Why not? it work some where else! let see.....

Legal identity
unit share can set-up as a company share according to the company law in Laos. Those time share can sell freely according with the market price.

Capital $1.5M

Land value in 1200sqx$250=$300,000
Assume we build 40unitsX$20,000 building cost=$800,000
interior furnish $5,000 X 40Unit=200,000
A judgement cost  and other cost(that is including the restaurant and the 7/11 shop on ground floor) $200,000 to pay with
total $1.5m

Dividend and time share selling price

Cost price per unit -40/1.5m=$37,500 per unit( the reason didn't include the 2 shops because is not for sale)

$37,500xprofit 50%=$56250 per unit
$56350/50 weeks=$4,500
(in this case 2 week of the year are for vacancy rate and repaired)

The cost to own the time share are

Each time share     $4,500 (one time)
management fee    $55 (Annually)
Leasing fee            $10%(per item)

Each time share can used the unit for 4 weeks of the year and also if they don't want to use it,the management can lease is out at the market price($200 per week x 4=$800-10% leasing fee=$720

I am sure this will work...maybe someone can help me make it better.You are all welcome to throw in your idea here!


Title: Re: Apartments in Vientiane
Post by MrLao4ever on 7th Apr, 2011 at 11:45am
Fair enough - helping the locals keep their jobs. Where did you get this article from?


llX wrote on 7th Apr, 2011 at 4:14am:
Last time read on the news government doesn't allow foreigner to invested in hotel business and fish pond anymore. Because small locals hotel are losing business. And the prices of fish drop.
:o 8-)


Title: Re: Apartments in Vientiane
Post by Tee on 7th Apr, 2011 at 1:08pm
I can't find in any of the Foreign Investment law mention about that! This is the link to that law
http://www.invest.laopdr.org/
and No, I am currently not in Laos! but have plan the first step to move there and seeking land to build my home out side Vientiane.

Title: Re: Apartments in Vientiane
Post by Tee on 7th Apr, 2011 at 1:23pm
This project after finish will need to employ 6 full-time staffs to manage the property and about 10 staffs for the shop and the restaurant,that is job to the local.

Title: Re: Apartments in Vientiane
Post by Lao Democratic on 7th Apr, 2011 at 6:32pm
http://www.youtube.com/watch?v=QTsqU7z5-6Q

Title: Re: Apartments in Vientiane
Post by Old Man on 7th Apr, 2011 at 9:30pm
Your best market for customers to buy timeshares in the units would be the very large Hmong communities in the U.S., many of whom visit Laos regularly and would like to have a regular place where they could stay for a month each year or so.

For marketing to those people, you could work through the Hmong organisations in the U.S.  They probably have their own newspapers, websites, etc. that you could advertise in.

The new regulations concern guest houses (no new ones to be allowed) not mid-range/high-end hotels and bought properties.  Foreign investors are allowed to own land if they invest at least US$500,000.



Title: Re: Apartments in Vientiane
Post by Lao Democratic on 7th Apr, 2011 at 10:23pm
Thank for the infor Old Man. $500,000 wow they really welcome rich Capitalist investors.
:o 8-)

Title: Re: Apartments in Vientiane
Post by Tee on 7th Apr, 2011 at 10:23pm
Hi Oldman
Thanks for your input!
So you said this could work? I couldn't find any Law mention about Strata tile or share tile? I think the only way to set it up by make is as a service tile. What do you think?

Title: Re: Apartments in Vientiane
Post by Lao Democratic on 7th Apr, 2011 at 10:25pm

Tee wrote on 7th Apr, 2011 at 1:23pm:
This project after finish will need to employ 6 full-time staffs to manage the property and about 10 staffs for the shop and the restaurant,that is job to the local.


I like your business plan, and creating jobs for locals at the same time.
:) 8-)

Title: Re: Apartments in Vientiane
Post by MrLao4ever on 8th Apr, 2011 at 3:17am
Does $500,000 investment cutoff applies to hotel business only?  What other business types like restaurants?


wrote on 7th Apr, 2011 at 9:30pm:
Your best market for customers to buy timeshares in the units would be the very large Hmong communities in the U.S., many of whom visit Laos regularly and would like to have a regular place where they could stay for a month each year or so.

For marketing to those people, you could work through the Hmong organisations in the U.S.  They probably have their own newspapers, websites, etc. that you could advertise in.

The new regulations concern guest houses (no new ones to be allowed) not mid-range/high-end hotels and bought properties.  Foreign investors are allowed to own land if they invest at least US$500,000.


Title: Re: Apartments in Vientiane
Post by Old Man on 8th Apr, 2011 at 2:06pm
The govt. just said $500,000 investment without specifying what kind of investment, but only certain investments (like defense investments, etc.) are forbidden.  The forbidden investments are stated in the investment law and are logical.

Title: Re: Apartments in Vientiane
Post by Old Man on 8th Apr, 2011 at 2:10pm

Tee wrote on 7th Apr, 2011 at 10:23pm:
Hi Oldman
Thanks for your input!
So you said this could work? I couldn't find any Law mention about Strata tile or share tile? I think the only way to set it up by make is as a service tile. What do you think?


You won't find any law like that in Laos.  Remember, they are new to this capitalist stuff.  It wasn't even introduced in Australia until 1961


Quote:
Strata title was first introduced in 1961 in the state of New South Wales, Australia, to better cope with the legal ownership of apartment blocks. Previously, the only adequate method of dividing ownership was company title, which suffered from a number of defects, such as the difficulty of instituting mortgages. This term also applies to house-type strata title units in Australia.




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