(KPL) The community housing project ARATA Garden Residences, on the back side of LAO ITECC and next to That Luang Lake of Xaysettha district, will start its construction in early 2019 and is expected to be completed by the end of the first quarter of 2021.
ARATA is Creed’s first project in Laos as a joint venture with the Singaporean corporation Aanandi Group Co., Ltd.
ARATA means New in Japanese and “Mai” in Lao and it brings a new concept of properly managed community living to Laos in response to changing lifestyle in the Lao PDR, said Mr Toshihiko Muneyoshi, Director of Creed Group at the lunch vent of the ARATA Garden Residences in Vientiane on Nov 10, 2018.
ARATA Garden Residence comprises more than 108 units in total, and provides various selections of house types available from shop houses, link villas and single villas. It also offers varieties of facilities such as community swimming pool, kid pool, playground, mini mart, gym, and 24hr security services. The proposal for this project is affordable and convenient living without sacrificing quality and utility, said Mr Toshihiko Muneyoshi.
We actually share this vision and see this city being a big new city not only in Laos, but in the region and we know that city will keep growing, said Mr Toshihiko.
Cities around the world are changing and people no longer want to spend half of their day in traffic. Urban planners, as well as consumers are looking at ways around this.
ARATA is located at Ban Muangnoi, Xaysetha district, Vientiane, which is one of the fastest growing areas in terms of land price and population. It is about 4 km from Lao ITECC, and close to Bazaar-B Cash & Carry wholesale market, Lane Xang Sports Complex and other potential places.
Aanandi and Creed have started cooperating with one another for ARATA Xaysetha. Aanandi Group with its headquarter in Singapore have an ongoing project in Lao Aanandi Riverview Project which started construction in Feb of 2018 and will be completed in late 2019, Mrs Soumieng Deajpanyanan, Director of the Aanandi Group. Creed and Aanandi Group are bringing the Japanese way of managing construction quality and landscape design into Laos.
Creed Group is a Japanese real estate firm with more than 20 years of experience in mature real estate market in Japan, and has been investing in the growing real estate markets in Cambodia, Malaysia, Vietnam, Myanmar, Bangladesh and Laos since 2009.
Source: Lao News Agency