Building and construction

Top-end woes: expat flight affects Papua New Guinea’s high-end real estate

The upper end of the housing market in Papua New Guinea is being adversely affected by the closure of the international borders, according to Tom Snelling, General Manager of property classifieds site Hausples.com. But he expects that there will be more movement in the cheaper areas of the real estate market.
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Manufacturing and transportation up in Papua New Guinea despite challenges in other sectors

The Bank of Papua New Guinea’s Quarterly Economic Bulletin reports sales were strong in the manufacturing and transportation industries during the September quarter of 2018. But in other sectors revenues were revealed to be either patchy or poor. David James gives us an overview of these sectors.
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Conditions tough in Papua New Guinea’s construction industry but hopes are rising

Papua New Guinea's construction industry continues to face challenges, says Frank McQuoid, Chairman of manufacturer Steel Industries. But others say it is on the edge of a boom that will extend beyond the resource sector. David James examines both sides of the story.
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Papua LNG expected to drive development of Special Economic Zone in Gulf Province

A fifteen-year plan to develop the Ihu Special Economic Zone is expected to be approved this month. Driving its development will be the infrastructure requirements for Papua New Guinea’s second liquefied natural gas project—Papua LNG.
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Diversification critical to success in Papua New Guinea, says Hornibrook NGI MD

Vertical integration is the key to growth in Papua New Guinea, according to Hornibrook NGI Managing Director Matthew Lewis. He tells Business Advantage PNG the steel fabrication and construction company is leveraging its in-house capacity to diversify into property and hospitality.
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Hausples property survey finds a positive outlook towards property but prices are still considered unaffordable

Hausples.com.pg has released its Real Estate Survey 2018, which shows that the biggest challenge for the market is supply side factors such as land titles, infrastructure and private sector investment. But it says these issues ‘are slowly being addressed’ and that there is ‘unequivocal market demand for housing at various price points.
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