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PNG: Myths in buying property

PNG: Myths in buying property

Acquiring real estate property is one of the most massive investment decisions that one can make. It requires knowledge of real estate basics. There are many misunderstandings which often lead to significant losses usually incurred by buyers. This article outlines various myths involved in the real estate industry. Most buyers think that real estate agents […]

Living as an expat in Port Moresby, Papua New Guinea

Living as an expat in Port Moresby, Papua New Guinea

Do you know that Papua New Guinea (PNG) has approximately 20,000 expats? These expats are involved in various sectors including mining, tourism, aviation and other vital industries. PNG is subdivided into four regions and 19 provinces. The regions are New Guinea Islands, Mainland, Highland, and Southern. Jorge de Menezes, believed to be the first European […]

Durable and deluxe housing in PNG attainable

Durable and deluxe housing in PNG attainable

Almost everyone longs for a beautiful and durable house to live in; that longing can now find its fulfillment in Papua New Guinea’s cheaper and yet durable housing plan offered by Rhodes Construction Company. Directed by Andrew Avenell ‘Rhodes’ seeks to bring a blend of durability and affordability to the real estate scene. Avenell has […]

Papua New Guinea : Projection of Real Estate sector 2018 to 2019

Papua New Guinea : Projection of Real Estate sector 2018 to 2019

The real estate sector is slowly gaining momentum in Papua New Guinea where the demand for housing is becoming unsustainable. This current situation has resulted in the sky rocketing of rentals in real estate business, making it one of the viable sectors of the economy.  This situation was mainly caused by the slow implementation of […]

Settlers to own land and a home

Settlers to own land and a home

Nort-East Member and Minister for Urbanisation and housing, John Kaupa, and his executive director, Max Keo visited a site behind ATS to meet with Moiha clan leaders to discuss the development of the area. Mr. Kaupa said that the Moiha landowners’ clan will receive maximum benefit for resettlement and development in their area. The Minister […]

PNG looks to APEC and new energy developments to spur real estate market

PNG looks to APEC and new energy developments to spur real estate market

After a period of slow economy and rising costs, Papua New Guinea is expecting exciting changes in the residential property market for next year boosting both rentals and sales. Direct support from the government through investments in housing and infrastructure developments as well as indirect support through state spending to boost economy growth, will probably […]

Not so bright future for real estate

Not so bright future for real estate

Real estate Industries Association (REIA) president Mike Quinn said that the real estate industry will continue to decline in the market after APEC in 2018. This is because the supply for houses is bigger than the demand. He said that Port Moresby enjoyed some stimulating progress to the economy with the PNG LNG project with […]