Property still prohibitively expensive in Papua New Guinea

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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. 

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

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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.

Real estate demand still strong in Papua New Guinea despite fall in rental costs

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Commercial real estate activity in Port Moresby and Lae remains strong despite a fall in demand for executive rentals associated with the winding down of the six-year construction phase of the ExxonMobil-led LNG PNG project.

Interview: Geoff Cundle, Steamships

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One of PNG’s largest and most diversified companies has a new Managing Director. We caught up with Steamships’ Geoff Cundle (pictured below) a few weeks into his new job. Business Advantage PNG (BAPNG): This isn’t your first time working in PNG …? Geoff Cundle (GC): I was here about 20 years ago, again with Steamships, […]