Property Prices Soar in Lao Capital

[rct]

In today's Bangkok Post:

http://www.bangkokpost.com/breakingnews ... ao-capital

A couple of key paragraphs:

The government also last year allowed foreigners who invest more than 500,000 US dollars to own 800 square metres of residential and office land, which has further boosted property prices.

Houmphan said land in Vientiane's prime locations such as along the Mekong River bank was going for 3,000 dollars per square metre, up from 2,000 dollars in 2011.

*****
Let's see, at those rates one rai on the river would cost nearly $5 million US dollars. Any forum members rushing to buy? Or better yet, to sell? Makes downtown Udon Thani sound reasonable by comparison.

[Aardvark]

They must have added too many zero's

[Prenders88]

They must have added too many zero's

On par with the London Borough of Chelsea and Kensington, I agree the figures don't make sense.