Archive for January, 2017

PNG Land Titles in PNG Explained: How Freehold, Leasehold and Customary Land Works

The nature of land ownership is almost generic in many countries around the world; that is land held under freehold and leasehold. In Papua New Guinea’s case, a form of land ownership will come under either one of these two forms as well as customary land ownership. Our strong traditional connection to the land, calls…

How to ensure a quality home purchase in Papua New Guinea

When you buy a home, you naturally will want it to last. Given how much a home in PNG can cost you (47,521.33 K per square metre, according to Numbeo), purchasing an apartment in Port Moresby is a sizeable investment. So, you will want to be able to rely on that investment lasting as long…

Understanding Settlements in Urban Centres

With the recent new real estate developments occurring in and outside of Port Moresby, it’s easy to disregard another growing phenomenon – settlements. The common conception in people’s minds when they hear of the settlement areas in and around the country’s urban centres are the association with crime, coupled with poor and unsanitary living conditions….

Over 3,000 Attend Papua New Guinea’s First Real Estate Show

Papua New Guinea’s first ever real estate show -The 2017 PNG Real Estate Show – organized by Hausples.com.pg, welcomed an influx of over 3000 local and international visitors on the 3rd and 4th of November- hosted at the Sir John Guise Indoor Complex. Over 30 businesses in the real estate industry showcased their services to…

Tips for First Home Buyers and Their Loan Options

If I was considering buying a house with a Home Loan, what should I do?   There is always a first time for everything. Buying a house for the first time can be challenging, as the process will be new and you will need good advice and guidance to collect all the right documents to ensure…

The Pressing Need for Customary Land Registration

Only about 5% of land in Papua New Guinea belongs to the State, the remaining 95% of the land therefore belongs to customary landowners across the country. With the increasing number of tangible developments around PNG, the percentage of State owned land is set to increase meaning a lot more customary land owners will eventually…

Hausples Show: The First Real Estate Dedicated Show!

Papua New Guinea’s property market has been turbulent since the LNG boom just a few short years ago.  Whilst this is often regarded as doom and gloom in many countries, there is a bright light at the end of tunnel for PNG.  Firstly, the affordable housing shortage is being addressed, particularly by private sector and…

Customary Land Grab: Setting the Record Straight

Just recently, University of Sydney’s Senior Lecturer in Political Economy Dr. Tim Anderson gave his presentation on the “Framework for Assessing Compensation for The Wrongful Loss of Customary Land.” One of the things he argued was that there was a lack of concrete processes in determining the financial value of land in the country. However,…

Putting Value Into Land

Land cannot be considered a commodity in Papua New Guinea. It cannot be priced because of several factors such as ecological, cultural, and social duplication. This is according to Dr. Tim Anderson, a senior lecturer for political economy at the prestigious University of Sydney – basing it off of his “Framework for assessing Compensation for…

Why should you ensure that you’re Insured?

One of the most positive aspects of the Papua New Guinea economy is the growth of the real estate sector. With the recent emergence of real estate as a valuable asset for locals,  many citizens are looking at insuring their properties. Trans Pacific Assurance Limited has been one of the first insurance companies in Papua New Guinea…

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