Banlao.la hits the ground running with first ever real estate expo in the country
Banlao.la will build on the success of Yula.la, Lao’s #1 general classifieds, and focus for local and international real estate buyers, sellers, renters and investors; a specialist platform and application for the purpose of finding property across the Lao PDR.
Laos is a country of 6.9 million people. In 2016, Laos’ GDP reached USD $13.76 billion dollars, and is demonstrating an ongoing yearly GDP growth rate of 7 percent. Internet penetration is currently 2.4 million, and this is growing at around 35 percent per annum.
DCG specifically targeted Laos due to its growing internet user base and strong GDP growth prospects as an ASEAN member with anticipated high immigration, fueling demand for housing, goods and services. Chinese investment into Laos marks the country as a forerunning destination of the one belt, one road initiative of the Chinese Government. Laos-China bilateral trade exceeded 1.5 billion U.S. dollars in the first nine months of 2015 and 2016 fiscal year. China became the second biggest trade partner of Laos after neighbouring Thailand. Meanwhile, as of May 2016, China has invested a total of over USD $6.7 billion into over 760 projects across Laos, including logistics infrastructure, energy and minerals industry investments and the agricultural and service sector.