Archive for the ‘Interest Rates’ Category

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…

BSP Reduces Home Loan Interest Rates

Port Moresby, 31st May, 2017 | Bank South Pacific (BSP) has reduced its standard Housing Loan Rates by 1% from 8.45% pa to 7.45% pa. The interest rate for the Housing Loan products will be effective from 1 June, 2017. BSP offers two main Home Loan Products; the BSP Standard Home Loan and the First Home…

Raising the Bar on Construction

There is a desire when constructing infrastructure in Papua New Guinea to have it be within reasonable costs, together with topnotch materials and output that will last for years. But this has not been the case for the past five years. That’s according to outgoing president of the Papua New Guinea Institute of Engineers, Ila…

Hausples.com.pg Releases 2017 Real Estate Sentiment Survey Results

Click to download the full report Hausples.com.pg, Papua New Guinea’s leading real estate portal, is excited to share the results of the 2017 Real Estate Consumer Sentiment Survey. The survey sheds light on crucial information vital for property industry professionals such as Government authorities, developers, investors, insurers, financial institutions, personal home hunters, and real estate…

Green or Gold: Painting the Future of Ela Beach

Ela Beach is Port Moresby’s primary public beach. It houses the country’s whitest sands, beautiful waters, and a range of various recreational facilities like beach volleyball and basketball courts, a boardwalk, an amphitheater, and a few kiosks. Or at least that’s what it was. Now it’s playing host to a rather controversial development that foreshadows…