Property still prohibitively expensive in Papua New Guinea

Welcome,

A new report indicates that most Papua New Guineans still consider house prices to be out of reach, although some believe this is an ideal time for buying. 

In Brief: signing of the Papua LNG project agreement deferred and other business stories

Welcome,

The signing of the Papua LNG project deferred, PNG LNG signs Singapore deal, and Minister flags new Mining Act. Your weekly digest of the latest business news.

Hausples property survey finds a positive outlook towards property but prices are still considered unaffordable

Welcome,

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.

Home building set to rise sharply in Papua New Guinea says real estate website CEO

Welcome,

Home building in Papua New Guinea is set to accelerate sharply, according to Matthew Care, Chief Executive and founder of the real estate website Hausples.com.pg, which has an expo in Port Moresby this weekend. He tells Business Advantage PNG that the growth is being driven by pent-up demand.

Papua New Guinea’s real estate market maturing, says Hausples CEO

Welcome,

The Chief Executive and Founder of real estate portal Hausples, Matthew Care, explains to Business Advantage PNG that the company is set to take advantage of higher rates of internet usage in Papua New Guinea. He expects rates of urbanisation to increase.

Releasing more land key to increasing Papua New Guinea home ownership

Welcome,

Demand for housing in Papua New Guinea is strong but there is a shortage of supply, according to the latest survey by Hausples, a Port Moresby-based real estate technology company.

Demand for affordable housing sees price rises, according to Papua New Guinea property survey

Welcome,

Demand for residential houses among the growing urban population, especially in Port Moresby, has increased but the supply of quality and affordable houses has seen prices rise ‘exhorbitantly’, according to a new survey of the housing market by consultancy Niugini Land and Property.