
Vientiane residents will have another exciting shopping option when a new mall open its door in a few years time.
Construction of the seven-storey mall on a 2.4 hectar site will begin this year and will complete within 3 years.
The new complex will be located in Shikay village on Souphanouvong avenue in Sikhottabong district.
This mall is being developed by Singaporean and Taiwanese group at a cost of 50 million dollars.
The plans and blueprints of the new “Regal MegaMall City”; a 5 storey mega-mall which will include over 1000 shops. Regal MegaMall City will also host restaurants, a children’s playground, a video game arcade, a huge cinema complex and of course a hypermart (like Tesco, Big C, Carrefour or similar). Later, in a second phase, property development around the site has been planned which will include modern private residences for rent or sale.

According to Raymond Wong, General Manager of Regal Global Investment Development Group, construction of the Regal MegaMall City will start in July 2011 and should be completed by 2013. “It will be a shopping destination and every Laotian’s dream to have a mall to call their own” Mr Wong further explains.
The Regal Global Group intends to sell the 1000 retail spaces to local investors, providing special conditions for the first 500 investors. According to Mr. Wong the land has been leased from the Lao Government for a period of 50 years.

Source: VTEtimes
2:13 PM |
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Talat Sao shopping mall, situated in the heart of capital, opened its door last Friday after 15 months of construction work.
The grand opening ceremony of this shopping mall was organized solemnly and with the presence of Mr. Sintlavong Khoutpaythoun, Mayor of Vientiane municipality and the ambassador of Singapore, the founder of new Talat sao, shopping mall...more
In the grand opening, there was a big concert with famous singers Lao and Thai and a great play equipped with many gifts.
Talat Sao shopping mall, built on five storeys, this first building adds up 160 shops: 138 shops for the tradesmen lao and 22 shops for the foreign tradesmen (China, Thailand, Hongkong, Japan and Malaysia).
The first building of Talat Sao includes/understands five large entrance doors; on the third floor 24 restaurants are who can receive 500 consumers; the fourth and last stage are occupied by Carparks.
This first building represents only the first phrase of the commercial complex which will completely finished by 2009. Other buildings will be continue to be built, in particular on the western zone of the old market of the morning.
The investment for this mall is more than 259,3 million dollars brought by the Singaporean company of BTP Excalibur. The contract signed with Lao government up to 40 years plus five years for construction.
source: Le renovateur
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7:26 AM |
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