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 […]
A novel Port Moresby is on the horizon with the construction of additional land mark buildings which will include commercial, residential and hospitality infrastructure, all this expected to be rolled out in readiness for the APEC Summit in 2018. Steady progress is being recorded at different stages of development as outlined below: a) APEC House […]
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 […]
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 […]
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 […]
