Is the Taluan Lake Apartment in Laos a permanent property right?

Lake Taruan apartment in Laos is not a permanent property right. According to relevant public information, the property right of Taluanhu Apartment in Laos is 99 years, and it will be owned by Laos after the property right expires. Lao People's Democratic Republic, hereinafter referred to as Laos, is a landlocked country, located in the north of Indochina Peninsula, bordering China in the north, Cambodia in the south, Vietnam in the east, Myanmar in the northwest and Thailand in the southwest, with a land area of 236,800 square kilometers.