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Property
What is property valuation and why is it important?
June 16, 2022, 5:31 a.m.
News
Advice
The Papua New Guinea real estate industry is currently experiencing exponential growth, there are developments being completed every month throughout the country. The 2015 Pacific Games, along with the building stage of the Liquified Natural Gas Project and this years hosting the Asia Pacific Economic Cooperation meetings have helped to drive this growth. It doesn’t matter if you’re in the Highlands or the Niugini Islands, the Momase or the Southern region - everywhere you go, there are new building complexes, new residential developments, new hotels, airports and roads are being constructed in every region.This is an opportune time to invest in real estate. Whether you are in the process of selling, or renting out your property, it is vital to have an understanding of the value of your property in order to get it priced correctly for the market. A property that is overpriced will take a long time to sell and in the real estate world the first month is the most vital for getting your property sold, there are scenarios where a property is priced too high in the beginning and the owner ends up selling for less than the true value of the property. This why it is vital to get your property valued accurately and by the correct people. Below is brief description of what and who is involved in the valuation process.What is property valuation?Property valuation is basically a rough calculation of how much a property will sell for (this is called capital value) or can be rented out for (this is called market value) at a given time. This value also may include land and/or buildings in that given location.A number of factors influence this calculation like: location of the property, materials used, how old the property is (the wear and tear), the size and layout of the rooms and any added features of the property can add or subtract from the value of a property. At the time of valuation it is also important to remember that trivial things like how tidy your property is can also affect the value. If you are thinking of having your property valued it is advisable to tidy it up and make everything from the yard, the rooms, everything should look the best it can.What is involved in property valuation?The Valuations ActIn Papua New Guinea the Valuations Act (Chapter 327) governs all the processes and persons involved in valuations. The Office of the Valuer GeneralAlong Waigani Drive, in Eda Tano Haus, is the Department of Lands and Physical Planning and which has a division called the Office of the Valuer General. This division oversees all valuations, registration of valuers, payments to register valuations, land taxes and conflicts to do with valuations. Source: ETS ArchitectsThe Valuation RollThe valuation roll is a legal document that consists of property information of all rateable properties within the boundaries of a local level government in PNG. This roll is meant to be updated every 5 years in order for city authorities to be able to update land taxes, to plan future tariffs and provide access to sanitation and safe water.Registered ValuersIn order to get your property valued accurately and have that value recognized by all institutions you must make certain you get your property valued by a certified valuer. Many real estate agencies on Hausples.com are able to provide a registered valuer, you can click Here to see a full list. Financial institutions also conduct valuations and there are professional valuation agents in the country.What is the process involved for property valuation?For example Elaine would like to sell her house which comes with the land that it is built upon, so she requests for her property to be valued. This is classified as a private valuation.Elaine makes a deposit of the valuation fee as discussed and agreed upon with the agent or agency that she is engaging to value her property.The valuer inspects her property.The valuer checks sales data collections, combines it with market research and provides an analysis.The valuer makes a compilation of a valuation certificate and a report, altogether providing a document that at most times is from 4 to 10 pages long. It is printed, bound and signed.How long does it take to get a valuation done?Depending on the data available, the size of the property and if all necessary paperwork is available the valuation can take from a working week up to two working weeks.What is the cost of a valuation?The fees will depend on who is conducting the valuation and the scale of the project. It also must be noted that cost of valuation is always proportionate to the value of the property. The larger and more expensive the property, the greater the cost of the valuation will be. You should make it your business to request for a proposal with a description of services to be provided and the estimate costs involved. To enlist the services of the Office of the Valuer General the costs are as below.Why should I get my property valued?There are four main purposes for an accurate and registered valuation:When you want to sell property to be able to set your price so that it is competitive with current market prices and not too high or too low.When you want to purchase property you will require a valuation in order for you to make an informed decision and also for your bank to make a decision on a loan if you are requesting for one to purchase.When you want to use your property as equity to get a large loan for other purposes.When you want to get your property insured, the insurance firm will want to know the value of your property from a certified valuer.In other finance and accounting circumstances where you will need to have a complete value of everything you own it is also adivsable to get a property valuation.If you would like more information on valuations, land titles and property for rent or sale throughout Papua New Guinea, subscribe to our weekly newsletter Here or you can email [email protected].
Waigani
8 Reasons why Waigani is so great to live at
June 16, 2022, 5:31 a.m.
News
Lifestyle
Waigani | Source: YouTubeWaigani Suburb, or colloquially referred to as Waga, is centrally located between the Tokarara, Ensisi, Gordons and Gerehu suburbs, and sits ideally northwest of downtown Port Moresby and southwest of Jackson’s International Airport. As one of the largest and most iconic suburbs in Port Moresby, Waigani is home to several historical landmarks such as the National Parliament, National Museum, the National Library, Port Moresby’s National Arts Theatre, National Archives, Morauta Haus, and the newly refurbished City Hall.The sharp number of the population living in Waigani can be a pro or a con depending on your experience of the area. But one cannot deny the fact that since 2018’s APEC Summit, Waigani has experienced a boom in infrastructure development, thanks to the likes of: The Independence Boulevard; The Convention Center; Koura Way (connecting both Waigani and Hanuabada via Tokarara and June Valley); and,Keni Vani Road (links Gerehu and Rainbow with 8 and 9 mile); and,The Sir Manasupe Haus (formerly Pineapple Building) Map of Waigani | Source: Goolge maps1. Witness the nation's monumental eventsNot only is it one of the largest suburbs in the country but Waigani also has the most national and cultural attractions in it. The National Parliament, the National Museum, the Prime Minister's official residence, the Port Moresby National Arts Theatre, the National Library, National Archives, the PNG National Court, Morauta Haus (office of the Prime Minister of PNG) and the city’s only golf course - the Royal Port Moresby Golf Course are all within a five minute drive of each other, essentially sharing fences with each other.  2. AffordabilityIn the main, Waigani is home to a variety of property types to suit different needs and wallet sizes. From bedsitters to executive apartments, there is no doubt you will find what you are looking for in terms of price and quality affordable real estate. Prices range from as low as K600 (approximately AUD$208) through to K10,000 (AUD$3,458) per week.  3. AccessibilityBy accessibility we mean in the terms of access to conveniences, ease to move from that suburb to another, and road condition. Waigani had recently seen upgrades of roads and new access roads afford residents the ability to quickly move from Waigani to other suburbs. Like Boroko, Waigani allows ease of access to many conveniences: schools, groceries, a police station, postal services, four banks, service stations; pharmacies and other health services; and there are more churches in this suburb than Boroko. 4.VersatilityBedsitter, luxurious hotel, town house, church, market or an international sporting event - Waigani is as versatile a neighbourhood as they come. The suburb has a wide range of educational facilities initiated by private enterprises, churches and public institutions, with an array of subjects and teaching skills to suit. There’s lots to do at Waigani, for instance sports and entertainment; whether you’re an artist, an athlete, or a gaming nerd, there’s an active spot for your ingenuity to come alive. If there is one suburb that truly has it all, it is definitely Waigani. 5.SecurityIn the early 90s, Waigani shared boundaries with two other suburbs (Morata and Gerehu Stage 6) that were notorious for holds up and robberies. Modernization and a steady stream of education and employment opportunities gradually rewrote the collective attitude of the majority of inhabitants, thus, turning both suburbs into livable areas, just like any other.6. Aesthetic appealWaigani has many monuments and are found strategically located throughout the area, some in the form of infrastructure. There are structures that are graceful, symmetric and simply marvels of modern architecture; then there are also structures those that are utilitarian with carefully landscaped flower beds. and For the most part, Waigani has many mango and raintrees that sufficiently afford shades  and beautify residential areas. 7.Waigani MarketWaigani Market is one of only 3 markets in the nation’s capital that is normally active between 8am and 6pm, daily. If you are looking for cheap, organically grown fresh fruit and vegetables in a secure location (the police station is right next to the market), then look no further than Waigani market. 8. The biggest shows happen hereShow us a venue that can cater to a variety of sports and entertainment activities, and I’ll show you one that triples the effort. Yes, Sir John Guise stadium deserves a second mention, because of its location and its multi-purpose capacity. The Sir Guise stadium is usually the ideal venue for major events such as local trade shows, international sporting events, and live entertainments. The Real Estate shows from 2017 to 2019 utilized the stadium’s multi-purpose indoor complex and immediate outdoor space to that effect. Not too far down from the stadium are the  Australian High Commission, Japanese Embassy, and the iconic Sir Manasupe Zurenuoc Building, formerly Pineapple Building.All these factors make Waigani one of two of the most sought after suburbs to live in Port Moresby. 2018 Real Estate Show at the Sir John Guise Indoor Complex All of these factors make Waigani one of two of the most sought after suburbs to live in Port Moresby.If you would like to see what is available for sale or rent in Waigani you can click Here. Remember you can refine your search to Buy or Rent, you can define the Property Type your are looking for and you can search for a particular price range by clicking and entering the relevant data on the tabs. For more information you can Subscribe to our Newsletter to receive news and updates about New Developments, Land Titles News, Insurance Information, Real Estate & Housing Demand trends and other information for developers or home buyers.
Boroko
8 Reasons why Boroko is so great to live at
June 16, 2022, 5:32 a.m.
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Advice
It is not easy to find ideal locations to rent or buy anywhere worldwide. If you are looking in the National Capital District you may find it overwhelming with all the choice; so many price tags, wantoks and of course the road conditions you have to consider when searching for a place. We all want our abodes to be: affordable, accessible, versatile, secure and have aesthetic appeal but aside from your own yard and house, one should always carefully consider the suburb and indeed the neighborhood before you even begin your search.According to the 2018 PNG Real Estate Survey, most of you think that Boroko and Waigani have attractive neighbourhoods because the majority voted these two suburbs as the most sought after to live in. Today we explore reasons why Boroko is such a cool suburb to search for your home in.1.The happenings happen in BorokoFrom the map you can already work out reason 1 for choosing Boroko. There is quick access to many sporting and recreational facilities, fact is that the National Football Stadium, the Rita Flynn Netball Centre and Bisini Parade Grounds are all located along the same road and are an easy five to ten minute walk of each other. Many national and international events are hosted along this stretch of road.2. AffordableAffordability is relative to your income. What you find affordable may be extremely expensive to someone else and this is one of the best things about Boroko! There is a price tag that is just right for everyone! You can find apartments as low as K800 a week to serviced townhouses at K4,000 a week.3. AccessibleWhen we talk about accessibility we mean access to conveniences, access to other suburbs and also the actual driving conditions streets. Boroko can be described as the center of Pom City. From Boroko you have easy access to other suburbs, one of Pom City’s main public bus stops is here, so getting to and from work or school is easier. Boroko offers a police station, a fire station, a post office, two banks, a craft market, many grocery stores; service stations; pharmacies and other health services; beauty parlours; schools and an assortment of churches. Overall the condition of the roads and the general security reputation of the suburb make it one of the most choice in the nation’s capital. 4.VersatileBoroko is the most versatile suburbs, you can be living just a street away from your place of work and perhaps a block away from your soccer or netball club’s training ground with the grocery store two blocks away. You will find large four bedrooms houses to bedsitters, you will find daycares, primary schools, high schools and tertiary institutions in Boroko. Various faiths are located in this neighbourhood and there are just as many clubs and betting shops. Residential and commercial property, industrial and sporting facilities - Boroko has more packed in this little suburb compared to any other in the nation’s capital.5.SecureSecurity is one factor that many Papua New Guineans consider seriously when deciding where to live, this is one reason why many people prefer this suburb to live in. Considering the human traffic and the ‘thousands pulling’ events that happen in Boroko, it is a pretty quiet neighbourhood to live in. The police station located in this suburb also help with maintaining the law and order in this suburb.6. Aesthetic appealBoroko is built on what used to be swampland in the 1930s, this means that it is a pretty level suburb and makes for good gardens if you have the time. Boroko is surrounded by rolling hills, many streets are lined by white frangipani and orange ixora plants that remind you - in case you forget that you are in heart of the tropics.7.The freshest, organic food at affordable pricesBoroko has one of Pom City’s three functioning fresh food markets located in it. Boroko market is located opposite the National Football Stadium with a huge variety of fresh fruit, vegetables, poultry and at times depending on the seas you can find some seafood here. Everything sold here is organically grown, by buying here you are supporting the local SME sector and the bonus is you will find prices are cheaper than supermarkets.Boroko Market |Source: Loop PNG8.The best 'Kalsa' spotFrom early June to late September various provincial days or ‘kalsa days’; and pre-independence celebrations happen weekly in Pom City. No other province sees as colourful or as dedicated a show of cultural pride as NCD, where the cooking pot has at least one of all the 800 cultural ingredients in it. During this period people living in other suburbs have to either send word to back home for someone to bring an item or two for ‘bilas’ or go searching from market to market for their ‘bilas’. Boroko residents however can relax and take a casual stroll down to the craft market that happens every Monday to Saturday, from 9am until 4pm.These factors make Boroko one of two of the most sought after suburbs to live in Port Moresby. If you would like to see what is available for sale or rent in Boroko you can click Here. Remember you can refine your search to Buy or Rent, you can define the Property Type your are looking for and you can search for a particular price range by clicking and entering the relevant data on the tabs.For more information you can Subscribe to our Newsletter to receive news and updates about new developments, land titles news, insurance information, real estate & housing demand trends and other information for developers or home buyers.*bilas = traditional decoration or attire depending on the context you use the word*kalsa = culture
Airways Residences Pom City
The ultimate guide for expat rentals: Pom city's hot picks
June 16, 2022, 5:32 a.m.
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Advice
Source: OnePNGMany expatriates move to Papua New Guinea (PNG) with only a vague idea that it is someplace north of Australia. That’s about it. Nevermind where Port Moresby is. It is only natural then, to ask people that have worked in PNG and ask google about the country.Most of what you come across will range from tourist type reviews to notorious stories of holds up and theft. It is wise to be cautious and follow your embassy, high commission and employer's security advise but you should not let that scare you into not accepting the offer to move to PNG. The majority of expats that move here are pleasantly surprised at the amazingly unique experiences that they've had.A little about Pom CityMost of PNG’s non-national residents are posted to work in the National Capital District (NCD) the capital of PNG. Port Moresby is the ONLY district in the nation’s capital, to locals it is known simply as Pom City. It’s a city that has seen a rapid growth in short span of time. Less than five years ago there was a clear demarcation of state and customary land boundaries; of business districts, industrial areas and residential areas. The city has grown so much that these boundaries are blurred and thousands are now living in what used to be the outskirts of Pom city. Several high impact projects like the Liquified Natural Gas (PNG-LNG) project, the 2015 Pacific Games and the APEC meetings which PNG is hosting this year have been catalysts of this rapid growth in infrastructure.Suburbs in Pom CityExcluding subdivisions of suburbs (eg. Hohola 1 - 4), the nation’s capital has 28 suburbs: Downtown/Port Moresby, Kone, Badili, Koki, Taurama, Gabutu, 2 mile, 3 mile, Korobosea, Manu, Boroko, East Boroko, 4 mile, 5 mile, Gordons, Gordons 5, Hohola (1- 4), Tokarara, 6 mile, 7 mile, 8 mile, 9 mile, Gerehu (1 - 7), Waigani, Ensisi Valley, Waigani Heights, Erima, Morata. Many local and international developers and financial institutions have invested in building residential properties over the last 10 years creating a significant increase in availability of residential properties at the same time a drop in rental prices - a welcome situation currently being experienced in the city.Recommended apartments and suburbsThere are a variety of properties available from condominiums to townhouses, detached houses to apartments in all these suburbs. There are certain suburbs that are preferred by the expat community because of the higher security rating, the surrounding community and proximity to general conveniences and social hubs. If your organization has not already taken care of your accommodation - here are four suburbs and six apartment buildings that we recommend based on the surrounding environment and community, security and proximity to amenities and certain landmarks or features.The transition to a new environment can be made more enjoyable if there is less for you to organize while acclimatizing, unpacking and familiarizing yourself with a new country. This is why an apartment within a secure, fully serviced compound is the easiest option for a new comer. The following apartments offer a variety of features including pool areas, entertainment areas, gyms and access to maintenance services from professional electricians, carpenters, plumbers, gardeners, pest control providers and waste removers.Airways ResidencesLocated at 7 mile along Jacksons Parade, Airways is a great place to go home and simply forget the hustle and bustle of your work world. Within this secure and tastefully landscaped environment, is a park with a playground, a pool, a gym, tennis courts, 5 world class restaurants, a massage and beauty parlour, Westpac Bank with an ATM, a pharmacy and a well-stocked convenience store. The beautiful thing is that you have everything you need and more within walking distance. Click here for more information.Chesterfield ApartmentsChesterfield Apartments are located on Chester Street downtown. They boast breathtaking views of Walter Bay’s sparkling turquoise waters, a lush tropical pool and outdoor spa and a barbeque area equipped with a bar. These apartments are five minutes drive from the CBD. Click Here for more information.Era Matana ApartmentsOne of the newest properties to be built in the city, Era Matana is another amazing place to set up in a new country. It is within a 5 minute drive from the town CBD and has truly breathtaking views of both Fairfax Harbour and Walter Bay and some of this you can take in while you are working out! The aesthetics are out of this world and would definitely lessen the stress of moving countries. Click Here for more information.Sol Wara ApartmentsThe Sol Wara Apartments are located on the waterfront of Konedobu. The apartments are located in one of the most convenient corners of Pom City with the Yacht Club practically next door and the two largest supermarkets less than five minutes drive away. You are afforded a view of Fairfax Harbour and because of its location just off the Poreporena Freeway this makes working and school drop offs in other suburbs less of a hassle. For more information click here.Ela Vista ApartmentsEla Vista Apartments can offer the perfect sea breeze and relaxing view of Walter Bay. Tropical plants arranged thoughtfully along terraces, ample parking space, a gym with a view and all this located on peaceful Chester Street. If swimming is your thing Ela Vista's lap pool offers a swim with a awe inspiring view. Click Here for more information.Windward ApartmentsThe Windward Apartments provide quick access to the Poreporena Freeway if you need to get to other suburbs, the beachfront and the CBD. Windward also boasts a gym, tennis courts, a barbaque area and is practically next door with a less than 5 minute drive from the newly constructed APEC Haus. Click Here for more information. TownDowntown Port Moresby or simply Town is the most preferred suburb because of its captivating view of the resplendent sea overlooking both Fairfax Harbour and Walter Bay, the whispering sea breeze and the proximity to Pom’s prime social clubs (Yacht Club and the Aviat Club), all within a 10 minute driving radius. In minutes you can get from the social clubs to the Crowne Plaza and Grand Papua Hotels. In the same amount of time you can get to the shopping centres, Waterfront Boroko Foodworld and Stop N shop Harbour city. A five minute walk up the street, will bring you to ANZ, Westpac, BSP and Kina Bank branches.Rentals within this area begin at K1,800 per week (appx AUD$600), there are many apartments and duplexes in fully serviced gated communities to choose from. Click Here to see more property available for rent in Town.BorokoBoroko is one of the two most sought after suburbs to live in according to respondents in the 2018 PNG Real Estate Survey. Boroko used to be one of the busiest commercial hubs in the late 80s and had many shopping centres who’ve since left leaving a number of vacant spaces. Boroko is a largely residential area with more than 10 schools, the three international high schools are located at East Boroko a suburb of its own now but which used to be a part of Boroko.  Boroko Market offers a great variety of fresh, organic local produce at cheap prices but it’s best to go with a local guide the first couple of times you go. The is across the road from the National Football Stadium, Rita Flynn Netball Courts, the Cricket grounds, the country’s central sports arena is located within Boroko.Rentals within this area begin at K700 per week (appx AUD$240). Click Here to see more property available for rent in Boroko.WaiganiThe second most livable suburb is Waigani or as locals know it Wagga. Waigani is known as the seat of the government as it hosts almost all government institutions. The National Parliament, National Museum, Port Moresby National Arts Theatre, National Library, the National Archives building and the Supreme Court of PNG are all in Waigani. Port Moresby’s only golf course is located in this suburb just 10 minutes drive from the Sir John Guise Stadium and the country’s only mega mall, Vision City. PNG’s 2 movie cinemas are also located in this suburb. The UN Building which will host all UN agencies and the World Bank will be also within this suburb once construction is complete. Three are the Stop N Shop chain of shops (Waigani North and Waigani Central), Jack’s, the Stanley Hotel and Suites, Holiday Inn, Laguna Hotel, Dream Inn Hotel and BSP and ANZ banks are all within in a 20 minute drive of each other taking traffic into consideration. There are a number of gated communities like Islander Village, Lamana and Savannah Heights which would take you 10 minutes drive to get to any of these establishments. For a variety of activities and also the convenience of a short travel Waigani is a great location to rent. Gordon’s 5, a suburb which has the Solomon Islands, British and Australian High Commissions; Indonesian, Japanese, Chinese and Korean Embassies all within a five minute walk of each other - shares a boundary with Waigani. Rentals within this area begin at K650per week (appx AUD$240). Click Here to see more property available for rent in Waigani.GordonsThe Gordons suburb is the industrial hub of the capital city. It has the most businesses and warehouses but it also features a vast residential area with many standalone houses. Gordons is the closest to Jackson’s International Airport out of the four suburbs featured. Boroko Foodworld and RH two of the largest shopping centres are located within Gordons. For many expatriates this suburb is attractive because of its ease of its location in the city - easy to get to offices in good time and if you want a weekend escape outside of town to explore the rugged mountains or the white sandy beaches of Central Province then this is an ideal location to search.Rentals in this area begin at K600 per week (appx AUD$204). Click Here to see more property available for rent in Gordons. For more information you can Subscribe to our Newsletter to receive news and updates about new developments, land titles news, insurance information, real estate & housing demand trends and other information for developers or home buyers.
Gordons 5 NCD Papua New Guinea
What is Hausples?
June 16, 2022, 5:33 a.m.
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Events & Announcements
Aerial view of Gordons 5, NCD | Source: FlipboardYou probably have gotten an email, or seen the posts on Facebook, Instagram, maybe you have been hearing about it on the radio and seeing the red, black and white themed ads on the digital billboards at Waigani. Yes Hausples.com.pg has fast become a household name throughout Papua New Guinea. Recently Hausples organized the 2018 PNG Real Estate Show that was attended by over 8,000 people. But there are many that are still unsure what this Hausples is about.So what exactly is Hausples?The best online real estate portalMaybe you have been seeing this phrase but don’t know what an ‘online portal’ is. Basically it means that Hausples.com.pg is the best website in Papua New Guinea to help you buy, rent and sell property. There are over 3,000 properties listed by individuals, developers, builders and agencies.No feesTo sell or lease property on Hausples.com.pg you simply need to register - for free! There is NO commission charged, there is NO registration fee to market your property on Hausples.com.pg. If you are searching for property to rent or buy you simply subscribe to the website - for free! There is no charge for searches or requests for further information.Easy to useAs soon as you enter the Hausples website a pop-up chat menu activates with a real person chatting with you - no automated responses, no bots! The site is easy to navigate regardless of your computer literacy. If you are searching or leasing out, or selling, your experience will always be pleasant. If you report an issue it will get attended to - promptly. If you do get confused there are alternative contact details provided, for example you can email [email protected] or you can call D: +675747 00243 | B: +675752 64887.Furthest ReachHausples is the most effective website to market your land or property with a network that reaches over 65,000 local and international followers. As mentioned before Hausples also utilizes three social media platforms that bring additional additional traffic to the website.Facts you should know about Hausples:Hausples was founded in 2013.Hausples works with the region's leading real estate agencies, developers and lenders .Real estate customer relationship management systems and websites are offered to many leading real estate agents in the region.Hausples is NOT a real estate agency.Hausples does NOT charge a registration fee.Hausples does NOT charge commission.Hausples has over 65,000 global followers on the website, facebook, instagram and twitterHausples has over 3,000 property listings.For more information you can Subscribe to our Newsletter to receive news and updates about new developments, land titles news, insurance information, real estate & housing demand trends and other information for developers or home buyers.
Real Estate Show Glory Group
The 2018 PNG Real Estate Show showcasing the Glory Group - PNG’s most versatile property development and construction company
June 16, 2022, 5:36 a.m.
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Events & Announcements
Many Papua New Guineans, especially residents of the nation's capital are working, planning and saving to purchase their own homes. Regardless of age, professional background and level of income most people seek similar circumstances when searching for a home; a secure neighbourhood, close proximity to amenities including distance to schools and bus stops and most importantly we are all seeking affordable purchasing prices!The demand in NCD has been extremely high whilst the supply has been severely low for economically viable housing, this has led to many organizations in both the private and public sector working to ensure that citizens have access to financial and legal support to achieve this aim.  Pictured above: Ela Vista ApartmentsThe Glory Group is a property development and construction company that has property in various locations that tick many of the boxes that Papua New Guineans are looking for when searching for housing. The Glory Group offers homes in safe neighbourhoods, that are conveniently located close to bus stops, markets, schools and the best thing is the Glory Group is able to cater for all sectors of the market. From Ela Vista Apartments for the high end market to the economical Sky View Estate and Glory Gardens. The 2018 PNG Real Estate Show gives you the opportunity to find out what further exciting developments the Glory Group has planned in the near and distant future.Come to the Sir John Guise Indoor Complex for the 2018 Real Estate Show on either the first or the second of June; and talk to an expert representative the Glory Group. The real estate show will be happening on the first and second of June. You will find the Glory Group booth directly opposite the tantalizing food stalls at the show. You can register by clicking here on REGISTER or you can email [email protected] or call B:75264887 | D:74700243.
Real Estate Show Nambawan Super
Learn how to save more for a better tomorrow with Nambawan Super Ltd at the 2018 PNG Real Estate Show
June 16, 2022, 5:36 a.m.
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Events & Announcements
In our society, it does not matter whether you have a regular and stable income or not - there will always be *haus krais, *kaikais, bride price ceremonies and generally there will always be customary obligations that require funds. When one reaches retirement age this becomes a stress factor in many families, most times the retiree feels a sense of guilt and gets upset that they are not able to maintain what they used to be able to offer as support to their extended family. Instead of relaxing and enjoying retirement the retiree stresses about activities such as this or about other finance related issues.Retirement should not be like this! It should be a time of relaxation and strengthening ties with family. There is one such organization that can offer advice and various methods of building a secure nest to assist you to make that future retirement less stressful and more enjoyable! Nambawan Super Ltd the corporate trustee of the Public Officers Superannuation Fund is THE organization you should make an appointment to come and have a chat with at the Sir John Guise Indoor Complex next week at the 2018 PNG Real Estate Show.If you want to find out what steps you need to take in order to increase you and your employees contribution to your retirement fund, or the best way to save for that property or register your business, or you just want to make sure that you have enough to get by and be able to contribute to *kastom wok - you should not miss the Nambawan Super booth! Come to the 2018 PNG Real Estate Show on either Friday 1st or Saturday 2nd of June, enter for FREE; and make sure that you pay a visit to the superfund pros to get relevant and up to date information to make your future more comfortable - and keep up to date with your kastom wok no matter your employment status.You can register here by clicking on REGISTER and entering your details and if you have any queries you can email [email protected] or call B: 75264887 OR D: 74700243.*haus krais - traditional Papua New Guinean wake.*kaikais - feast or food or to eat depending on which context used, in this context it means a feast.*kastom wok - various processes associated with customary obligations.
Pacific Palms Property Real Estate Show
Come talk to Pacific Palms Property - PNG’s most innovative property developers at the 2018 PNG Real Estate Show
June 16, 2022, 5:37 a.m.
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Events & Announcements
If you are in process of moving your business to a new location, it is ideal to find a premises where you need not organize your own security, furniture, pest control, maintenance and is as good is for you and your staff to move in and begin work.Or perhaps your family has to be relocated for work? You will want a home away from home, a residential area that offers detailed security, recreational facilities and easy access to general amenities without you having to stress about an inattentive landlord.If you are looking for these or maybe you are looking to invest in a property that features Papua New Guinea's mountainous majesty in the highlands region, or a backdrop of the sparkling azure Pacific Ocean within the islands - then do not miss the opportunity to come to the PNG Real Estate Show at the Sir John Guise Indoor Complex and speak to the pros of Pacific Palms Property who have just the sorts of property that you are interested in!Pictured Above:Windward ApartmentsPictured above: Hagen Central Commercial CenterPacific Palms Property offers a variety of options for you to rent or purchase a home or office space in some of the most exclusive and statuesque residential and commercial properties in Papua New Guinea. Come to the PNG Real Estate Show and talk to a friendly specialist about the services Pacifc Palms Property offers, their upcoming developments and more. At the show the Pacific Palms Property booth will be one of the easiest to find, just three booths to your left from from the main entrance.Pictured above: Pacific Palms Property booth at the 2017 PNG Real Estate ShowThe second annual real estate show will be happening on Friday the first and Saturday the second of June. The show offers you the freedom to speak to experts in secure and comfortable surroundings with catering specialists, builders, architects, banks, insurance firms, property developers, real estate agents, electrical and furniture retailers and wholesalers - in fact everyone you need to talk to when setting up a home or an office will be present at the Sir John Guise Indoor Complex next weekend!You can register by clicking on REGISTER and filling in your details - do not miss out on this opportunity to speak to the experts FREE of charge. Yes you read right - free entry, free parking and free opportunity to attend seminars and expert presentations at the PNG Real Estate Show next weekend.For more information you can email [email protected] or call D:747 00243 or B:75254887
PNG Real Estate Show
Come and witness industry experts present at the 2018 PNG Real Estate Show
June 16, 2022, 5:37 a.m.
News
Events & Announcements
Have you been considering investing in real estate? Have you got a family home that has potential to be converted into rental units and provide additional income? Have you plans to renovate and put your house up for sale? Do you own land and want to bring in investors but do not want to be taken advantage of?The 2018 PNG Real Estate Show is the perfect opportunity to have all these questions and more answered!Register by clicking on REGISTER to attend the 2018 PNG Real Estate Show and talk to professionals in the real estate industry at their booths.The PNG real estate show will not only allow you to learn from these specialists at their exhibition stalls, but there will be informative panel discussions on topics that impact the market. Topics like building and finance and many more - will be discussed at the show by panels of experts at the seminar section in the foyer.There will also be opportunity for you at the show to receive gems of information from experts who will be speaking of their experiences and knowledge in their respective fields.The following is a sneak preview on who you can expect at PNG’s premier real estate show.Pictured above: Chris Hawkins - PNG APEC Authority Chief Executive Officer; who will be sharing the impact of APEC on the real estate market.Pictured above: Kili Tambua - Bank South Pacific’s Retail Deputy General Manager will be giving us perspective on banking and the associated challenges in real estate.Claire Lee - Corporate Affairs Manager at the Glory Group of companies speak about choosing the right homes.Pictured above: John Leahy - Partner in prestigious law firm Leahy, Lewin, Lowing and Sullivan will expound on the use of company titles for real estate.Pictured above: Andrew Avenell - Managing Director of Rhodes PNG will elaborate on the specifics of modern building techniques.Pictured above: Kym Yong - Director of Edai Town Development will share with you some easy steps to affordable home ownership.Pictured above: Mike Quinn - President of the PNG Real Estate Industry Association, has information on the impact of rapid growth of housing developments in Port Moresby.Pictured above: John Nell on behalf of Poly Allied Products will be speaking about clean safe drinking water solutions to remote communities from any water source whether your source is contaminated freshwater, brackish or seawater.Chris Giddings - Managing Director of Trans Pacific Assurance Limited.Pictured above: Tom Snelling - General Manager of Hausples.Do not miss out on this opportunity - be there at the Sir John Guise Indoor Complex on the 1st and 2nd of June 2018.For more information call our hotline on D: 74700243 or B: 75264887
Monier 2017 RES
Get the best advice for safely storing and filtering drinking water at the 2018 PNG Real Estate Show
June 16, 2022, 5:37 a.m.
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Events & Announcements
PNG currently ranks at the bottom of all Pacific countries for all WASH (or Water Sanitation and Hygiene) related health statistics, with over 6,000 diarrheal deaths per year and a re-emergence of cholera in 2009, according to UNICEF statistics. Something that you should be giving considerable attention to particularly if you are in the process of purchasing, building or renovating your home in any location that doesn't have access to piped and treated water supplies.  Where you store your drinking water, the material of the container, the volume of water you store and how easily you can access clean water and sanitary tanks - all these are vital considering that this is the age of water borne disease risks as a result of El Nino, La Nina weather patterns. Home renovators or builders should consider installing a system that will purify, store and keep water safe without too much maintenance, fuss or cost in whatever area of PNG you are located at.  Poly Allied Products or PAP a subsidiary of Monier Ltd specializes in providing solutions for water borne risks! PAP provide assorted water storage tanks, and are the specialists in water filtration systems not matter the sources of water; be it bore water, well water, river, sea water and bay water - PAP have options to filter it and make it acceptable and safe for drinking.  The 2018 Real Estate Show will be your opportunity to speak to a professional from Poly Allied Products and get up-front, up-to-date information for FREE! All you have to do is spare an hour of your time on either the first or the second of June. Come on down to PNG’s prestigious real estate show at the Sir John Guise Indoor Complex and talk to one of their professionals to find out exactly what product will suit your budget and needs.REGISTER HERE or you can email [email protected] or call B: 74700243 D: 75264887 for more information.
PNG Real Estate Show
THE 2018 PNG REAL ESTATE SHOW - 17 DAYS AWAY!
June 16, 2022, 5:38 a.m.
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Events & Announcements
The 2018 PNG Real Estate Show is 17 days away!If you didn’t already know - the show is an exposition of over 30 organizations that supply expert services and products to the real estate industry in PNG and internationally. You will have FREE access to each one of these organizations in air conditioned comfort at the Sir John Guise Indoor complex! Yes you read correctly - FREE ACCESS. No gate fee, no parking fee and for your contentment, security will be hyped up.Financial and insurance institutions will be at the show for you to find out what you need to not only finance buying, building and developing your home but it's an excellent opportunity to find out the benefits of insuring your assets. Many of us do not see the value of getting our property insured, which is quite ironic considering Port Moresby’s reputation for being a high security risk city. It makes sense to to find out what options are available for your peace of mind when you’re going about your daily business.  Quite a number of us do not make adequate inquiries into professional home builders and end up spending alot on maintenance, a situation which could have been avoided had the structure been built precisely with the correct material. Come to the show and talk to the experts to find out what material and structure is best for the type of property you want, the location you’re building at and what weather elements you need to consider when building.There are many ways in which one can utilize different spaces in their home by the furnishings, the appliances and decorations they choose in their home. If you can use your bedroom as an office, a bedroom, a store room and and a room to exercise in - imagine what business you could run in a two bedroom unit?! The 2018 Real Estate show provides an opportunity for you to find out choices and prices from different experts that sell versatile furniture, electrical appliances, decorative items and other home furnishings.There is also a growing number of us that are in that stage of life where we have a house for our family, our children are in the process of leaving home and we are looking to invest in property that will allow us to make a comfortable retirement nest. It is wise to ask those that have been in the property development business what risks and benefits there are to be made in investing in different upcoming developments throughout the country. Make it your business to come on down to the show and talk to the different property developers to learn more about what’s happening in the market.The majority of us rely on the three main mobile network providers for internet access, at the show you can talk to alternative internet providers and see what packages are available in PNG.For parents with younger children, there will be a teacher supervised creche for the kiddies at the show! Make a plan to visit the booths and then some time out with the children with a variety of food booths just down the aisle.First aid and medical emergency services available in the country will also be exhibited  at the show. Once again in case you forget - the PNG Real Estate Show is an exposition of all those that play a defining role in the real estate industry.Make it your business to visit the 2018 PNG Real Estate Show on either the first or second of June. Click on REGISTER to register for the day and for more information email: [email protected] or phone: D: +675 7470 0243|B: +675 7526 4887
2017 PNG Real Estate Show - BSP Booth
BSP Making Home Ownership a Reality
June 16, 2022, 5:38 a.m.
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Events & Announcements
The dream of owning your own home may not be too far off.You have been looking through different property for sale on the Hausples.com and Marketmeri.com websites. You may have decided where you want to build and perhaps already have a home builder or a developer in mind. The next thing you will want to do, is to get as much information as you can in order to finance this plan and make it become a reality.BSP will be at the 2018 PNG Real Estate Show on Friday the 1st and Saturday the 2nd of June to give you exactly the type of information you need to help you take the final steps to purchase your home. The BSP booth will be the second booth from the left as soon as you enter the main arena.The 2017 PNG Real Estate Show - visitors at the BSP Booth At BSP they know that, owning a house or property is not only a good investment, it gives you security, a stable place for your family and the freedom to build a home that you can call your own.The Bank offers two main Home Loan Products, the Standard BSP Home Loan which now offers 7.45% pa and First Home Ownership Scheme (FHOS) with an interest rate of 4% pa. The main difference between these two products is; the Standard BSP Home Loan is for individuals seeking to purchase, build or extend a home to live in or to refinance an existing debt from a known financial institution. The FHOS Loan is available to customers who wish to buy their first home for their own dwelling.The FHOS offers loan amounts between K200, 000 to K400, 000 while the Standard BSP Home Loan amounts vary. Customers who fall outside of the FHOS can still take advantage of the reduced interest rates and obtain a Standard Home Loan for a term of 40 years. The equity requirement under the Standard BSP Home Loan is 20% while the FHOS requires 10% equity with special conditions that apply.Standard BSP Home LoanWhat do I need?Completed BSP Home Loan ApplicationThree (3) latest pay slipsLetter of offer disclosing the purchase priceAcceptance of offer by the vendorCopy of Title deed from vendor confirming ownershipEvidence of 20% equity contributionConfirmation letter of employment from employer disclosing salary and housing allowance (if any) or copy of contract of employment (if any)First Home Ownership Scheme LoanEligibilityBe a PNG Citizen and a first home buyerProvide proof and evidence of 10% equityBe an employee of either public service or the private sector and earninga regular incomeWhat do I need?Provide three (3) months statement if account is held with another bankProvide three (3) latest payslipsConfirmation of employment or copy of contract of employmentHow to ApplyComplete a BSP Loan ApplicationSubmit copy of Title Deed confirming ownership of land/Lease is State ownedStatutory declaration confirming acquisition is your first and will be owner occupiedRestrictions will apply on refinancing or resale of the property under this housing scheme. While there has been interest, BSP continues to encourage potential home buyers to have a plan, set goals and start saving for your home equity.You can register here and come visit the BSP exhibition booth during the 2018 PNG Real Estate Show on Friday June 1st and Saturday June 2nd in order to get more information on what steps you need to take in order to own your own home. For more information you can email [email protected] or call D: +675 7470 0243|B: +675 7526 4887
PNG Real Estate Show
Anticipating The 2018 PNG Real Estate Show
June 16, 2022, 5:38 a.m.
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Events & Announcements
The 2018 PNG Real Estate Show is less than thirty days away! This year's show is set to exceed the resounding success of last year’s event which connected over 3,000 visitors and over 30 businesses from all around the globe. The inaugural show was created in 2017 to promote a diverse set of exhibitors within a world-class venue to encourage growth for potential investors, property buyers, property renters, and the public. The two day event is an ideal opportunity for those looking to get a foot into the Papua New Guinea real estate market.The Papua New Guinea Real Estate Show 2018 will also give registered guests the opportunity to listen and learn from even more presenters at a more private set-up, the seminars have been moved to the foyer to allow visitors better listening comfort. Presenters include industry experts like Mike Quinn, who is the President of the PNG Real Estate Industry Association and John Leahy, partner of Leahy, Lewin, Lowing, Sullivan Lawyers. Pictured above: Presentation by Kim Yong, Director of Edai Town Development There will be greater diversity in discussion topics that will contribute to the current dialogue on the growth in the PNG real estate market’s current and upcoming developments, financial opportunities, and how these will contribute to the country’s socio-economic development.With thirty eight exhibition booths to choose from; attendees will be able to sharpen their knowledge about the ins and outs of buying and renting during the country’s present real estimate climate, giving them a competitive edge over other buyers and renters. A few featured exhibitions include: Monier, Bank South Pacific, Pacific Palms Property, Nambawan Super Ltd, Glory Estate, NASFUND, Century 21, Trans Pacific Assurance Limited and Kina Bank. There will also be displays from: Credit Corporation, Strickland Real Estate, Airways, Post Courier, Pacific Balance Fund, Akzo Nobel, Shoreline, Kenmore, Rhodes PNG, PNG Forest Products and Click/Light Speed.Pictured above: Monier Exhibition booth during 2017 PNG Real Estate Show Pictured above: Nambawan Super Ltd Exhibition booth during 2017 PNG Real Estate Show If guests are looking for something to eat, after checking out the different real estate agents and businesses within the vicinity, they have the opportunity to move to the appetizing food and refreshment stalls, which will be serving up better food options than last year. Parents bringing their kids along won’t have to worry about carrying their children during all of this as there will be a crèche to help keep the young ones entertained.As always, entry to the exhibitions and seminars is absolutely free and there will also be secure parking provided for free. Entry is completely Free and all attendees are welcome to bring in friends and family members.The Papua New Guinea Real Estate Show 2018 will be held from June 1 to June 2 and registering has never been so easy. Just click 2018 PNG Real Estate Show Registration, type in your details, click submit and then you’re done.If you are an agency, developer or a company related to the real estate services and would like to exhibit at the show and reserve a booth please send and email to [email protected] at the earliest.
PNG Real Estate Survey
PNG Real Estate Survey
February 21, 2023, 7:53 a.m.
News
Events & Announcements
2023 PNG Residential Real Estate SurveyDOWNLOAD THE 2023 RESIDENTIAL SURVEY REPORT 2022 PNG Commercial Real Estate SurveyDOWNLOAD THE 2022 COMMERCIAL SURVEY REPORT 2022 PNG Real Estate SurveyDOWNLOAD THE 2022 SURVEY REPORT  2021 PNG Real Estate Survey Like every other major sector, 2020 was a challenge for the real estate market due to the impact of COVID-19. However this survey indicates that the market was not as affected as poorly it may appear.On the important question of affordability, for instance, the survey illustrated almost the same results as early 2020, which reflects highly of the overwhelming confidence in the PNG property market. This was boosted by the extensive affordable housing projects that were planned for completion in 2020, before COVID-19 struck.Hausples.com.pg is proud to present you the PNG Real Estate Survey 2021. We hope you can use this survey throughout the year to inform your choices, either as an agent, investor, buyer, or renter. DOWNLOAD THE 2021 SURVEY REPORT 2020 PNG Real Estate SurveyReal estate enthusiasts had much to gain from Valentine's Day than the average night-for-two hotel package. PNG’s leading property portal, Hausples Limited, revealed the PNG Real Estate Survey 2020 last Friday, 14th of February, 2020 at the Lamana Hotel. With four years of data on hand, Hausples is able to update and single out consistency in the data, since the first survey edition in 2017. However, according to Mr. Snelling, anomalies are a given every now and then. So what the number one property portal does is to visit the blueprint of these anomalies, in order to determine a corresponding standard. Hausples proclaims that such occasions are strategic paths for real estate and related industry professionals to extend their market reach, as well as improve their list of genuine business partners. In retrospect, this survey is designed to benefit real estate agents, developers, builders and contractors. DOWNLOAD THE 2020 SURVEY REPORT 2019 PNG Real Estate SurveyThe results of the 2019 Real Estate Survey delivers key information about the property market from the perspective of the general public and analyses key factors such as rentals, sales, financial literacy and consumer feedback. This valuable report is the third annual survey of its kind, which means we can compare results against previous years to see the trends that are shaping PNG. The survey was distributed electronically to the Hausples.com.pg email database, its social network followers and visitors to the Real Estate Shows resulting in nearly 1,500 respondents over a two week period earlier this year.DOWNLOAD 2019 SURVEY REPORT 2018 PNG Real Estate SurveyThe 2018 edition of the survey provides more in-depth insights about the current state of the PNG real estate sector; such as demand in specific suburbs, market buying power, and an analysis of changes in trends since the 2017 survey. The 2018 questionnaire resulted in over 2,000 respondents over a three week period in February 2018.DOWNLOAD 2018 SURVEY REPORT 2017 PNG Real Estate SurveyHausples.com.pg 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 governmental authorities, developers, investors, insurers, financial institutions, personal home hunters, and real estate agents. It was distributed over various digital and physical channels to over 2,000 respondents in both Papua New Guinea and globally; this is likely the most comprehensive real estate survey in PNG history.   DOWNLOAD 2017 SURVEY REPORT
Port Moresby, view overlooking Fairfax Harbour
The ultimate guide to live in Port Moresby as an Expat
June 16, 2022, 5:43 a.m.
News
Advice
Traveling to another country is always an unsettling experience regardless of what you do, the distance you’ve traveled or whether your new country has a similar culture to your origins or not. This process has been made slightly easier by the internet but accessing reliable and current information is still a chore and information obtained locally is more trustworthy and relevant. Moving to Papua New Guinea or PNG, would be a daunting process, especially if one is moving from a more economically developed country. This tiny Pacific island country is one hundred and sixty kilometers north of Australia, has a population of over 7 million, over 800 languages and a reputation for being ‘The Land of the Unexpected’; but it has an exotic allure combining the best of urban entertainment whilst allowing for various off-the-beaten track type of holiday adventures.PNG, being located in the heart of the tropics, provides a wide range of outdoor activities and you can be guaranteed that the weather will be perfect not matter your chosen activity. Another great advantage is the countless locations to choose from to go diving, snorkeling, swimming, trekking, kayaking, fishing, birdwatching etc. The statutory body that is responsible for coordinating and regulating all tourism activities is the Tourism Promotion Authority.Entry RequirementsFor your benefit it’s best to know your specific visa requirements prior to you making your journey, you can contact the nearest PNG Mission in your vicinity. As with any location it is better to familiarize yourself using a long time resident or a local tour guide that speaks the lingua franca ‘Tok Pisin’ fluently.SecurityPapua New Guineans are generally friendly and fun loving people. As with any other major centre in the world, there might  be unscrupulous opportunists so it is wise take precautions by paying attention to your surroundings, avoiding secluded places, organizing your travels to daytime and ensure that your valuables including passports and other travel documents are in a secure place. It is advisable to seek the local contact of your high commision or embassy and keep it on hand.  PNG’s national security will be heightened until the end of November this year (2018) to cater for the Australia Pacific Economic Cooperation (APEC) which is being hosted in Port Moresby.CommunicationThere are four mobile service providers in PNG, Digicel has the best reach throughout the country, Bmobile Vodafone and Telikom networks may not be accessible in rural locations. All plans are compatible to international call rates. A new sim card will cost you K20, equivalent to about AUD$8.20 and the call plans range from daily plans for K3 (AUD$1.22) to monthly plans for K100 (AUD$40.99).AirportsJackson’s International Airport, also known as Port Moresby Airport, is the main hub for the nations two major commercial airlines; Air Niugini the national flag carrier and PNG Air. There are three other international airports; Gurney Airport in Milne Bay Province, Kagamuga Airport in the Western Highlands Province and Nadzab Airport in Morobe Province, provide links to coastal, highlands and in-land getaways respectively. The National Airports Corporation is the body that regulates all air services in PNG. Road travel is geographically challenging because of the rugged terrain carved out by many river systems throughout the country, many journeys are interrupted if a river floods a road or bridge.National Capital District and Central ProvinceOur focus is the National Capital District (NCD), the capital of Papua New Guinea and Central Province. NCD is built upon what used to be traditional land of the people of Central Province. NCD is commonly referred to as ‘Mosbi’ by locals even though Port Moresby is a suburb within NCD. According to projections from the 2011 PNG National Census, NCD and Central Province should have a total population of about eight hundred thousand. NCD and Central offer the best combination of urban nightlife entertainment and outdoor tropical adventures. NCD is where the majority of the nations hotels, motels, restaurants and the foreign missions are located.ShoppingNCD consists of eight suburbs which have their own shopping centres but if you prefer having the convenience of doing your grocery shopping, while grabbing a bite to eat,  and also watching a movie and perhaps having beauty treatment done in one stop; you have the choice of Vision City, Stop N Shop Waigani and Waterfront Foodworld. For locally grown organic food every Sunday between 6am to 10am The Pacific Adventist University grounds host a fresh food and produce market that offer secure parking and attractive prices. If you are planning a weekend outside of Port Moresby, there are also larger trade stores located in the main districts within the Central Province for your convenience.Pictured: Vision City Mall | Source: Looppng.com AccommodationFor short term stay there are literally hundreds of lodges, motels and hotels to choose from that offer a variety of services including airport shuttles, city tours and restaurants. Costs can vary from less than K100 per night for the budget traveller to over K1000 for the travelling executive.For a longer term stay the Airways Residences offer secure, beautifully landscaped grounds that have a convenience store, a bank, a pool, several restaurants, a gym, a massage parlour and generally everything you need in one compound.For longer term accomodation, there are over 3,000 properties and 78 real estate agencies that you can contact by visiting PNG's leading online property portal; Hausples.com.pg. Dining outThere are many places which offer a combination of a great scenic and gastronomic experiences. The following offer sea views: The Ela Beach Hotel, The Yacht Club, The Naked Fish on the Pier and The Edge. Outside of Port Moresby you have Loloata Island Resort and Sunset Lodge. If you prefer having a river and majestic mountains as your backdrop Cafe 630, Koitaki Country Club and the Kokoda Trail Motel are ideal locations. There is also a wide variety of Asian cuisine, including Fusion, Seoul Haus, Daikoku, Imperial, Golden Bowl and Fu Gui. Social ClubsNetworking and getting to know other expatriates in the country can be made easier by going to your nearest social club which include the Aviat Club, Car Club and the Yacht Club. During the weekends there is always a craft market happening where you can purchse examples of the art and culture of Papua New guinea. There are many expatriate clubs that gather frequently in the city - it is really a matter of linking up with those that share similar interests.Pictured: Royal Papua Yacht Club | Source: Royal Papua Yacht Club Business Site Places to VisitDepending on what tickles your fancy there are places that offer a great view, historical and cultural insights and resplendent traditional works of art like The National Museum, The PNG National Parliament House and the Port Moresby Nature Park.Pictured: Variarata National Park | Source: PNG Journeys (Twitter)If it’s a more family oriented leisure activity you are after there is the Port Moresby Adventure Park, The Variarata National Park pictured below has a walking track and many groups conduct their survival and team building camps in this area. The Crystal Rapids offer a refreshingly cool river with barbeque facilities available. There is also Sirinumu Dam - the dam that supplies water to the whole city, if you simply want to escape the city and let the kids run loose.There are many more places to eat, socialize, swim, snorkel, shop and be entertained that NCD and Central Province have to offer. Be adventurous and take a little time out and you will make some amazing memories in PNG.
Countdown is on: 4 weeks until the 2018 PNG Real Estate Show
Countdown is on: 4 weeks until the 2018 PNG Real Estate Show
June 20, 2022, 6:01 a.m.
News
Events & Announcements
Boost your branding! Make an impact! Have your products and services in the faces of thousands of real estate enthusiasts.The 2018 PNG Real Estate Show has very few booths available!Hausples has made adjustments to ensure maximum success of the 2018 show, keeping in line with over a thousand audience responses to a post-show survey in 2017; which gave massive insight into the wants and needs of the audience.This year offers an even better variety of amenities, such as dedicated catering stalls which will include FAB Catering and Paradise Foods plus a creche for the kids, as well as enhanced security, provided by SecurityPlus, to ensure comfort and safety of both exhibitors and attendees.A slight change in the seminar format. This year, for added comfort, the speeches will take place in the stadiums foyer, which is tastefully decorated with enhanced acoustics. Hausples has also booked a meeting room as a VIP area for our special guests.Hausples will also be hosting Panel Discussions with a range of topics such as Finance, Home Building and Affordable Homes with questions being open from the floor. We have experts like Mike Quinn (President of the PNG Real Estate Industry Association) and John Leahy (of Leahy, Lewin, Lowing, Sullivan Lawyers) who will be making presentations. As always, entry to the show is free.  We believe that by appreciating our visitors, we will add value for the exhibitors.  Parking and access to the seminars is also without charge.This is your last chance to be seen in an industry where visibility makes the difference.  Prices go up at the end of the week! Email [email protected] to secure your booth at the Sir John Guise Indoor Complex for the 1st and 2nd of June, 2018.
PNG's Tallest Building Gets K50 million Revamp
Kina Haus Revamped
June 20, 2022, 6:01 a.m.
News
Housing Projects
Man has always had an infatuation with towering structures regardless of place and level of technology. From the biblical stories of the tower of Babylon, to the Great Wall of China, to the high-stilt A-frame houses of coastal Papua New Guinea; a mountain proportionate structure is synonymous with progression and modernity.ANG HOUSEThe year 1966 saw Papua New Guinea’s first high structure built with a total of 12 floors, equipped with restaurants, shopping spaces and PNG’s first elevators. Australia and New Guinea Corporation House or ANG House, was an indication that the dawn of the era of modern steel, concrete, glass and neck-craning buildings had arrived in a region that was still in the process of defining itself politically. Kina HausThe former Deloitte Tower was completed thirty three years later (1999) making it the tallest structure at fifty six meters high. The tower became iconic of downtown Port Moresby's trendy, metropolitan, working class population. It was designed by Pacific Architects Consortium and constructed by Kumagai Gumi. The building has been owned by NASFUND Ltd and its 543,000 plus beneficiaries for the last 23 years. This sturdy 18 storey structure with its glistering Prussian blue mirrors is nestled between Douglas and Musgrave street in the downtown area of the Nation's Capital. It offers tenants the convenience of walking to government offices, non-governmental multinational organizations, banking and finance institutions, shopping centres, and a multitude of restaurants, cafes, hotels and other leisure spots to choose from. ImprovementsOn the 28th November 2017, the building underwent a name change from Deloitte Tower to Kina Haus to signify PGK50 million worth of ongoing improvements to bring it on par with global standards as a prime office complex. Improvements include an energy efficient electricity supply, to ensure that there are no power outages, allowing for a consistently air conditioned building and four efficient elevators. There will be a quaint, tropical themed courtyard, a ground floor restaurant and secure 205 car park spaces with 24 hour security. Currently the building accommodates organizations such as The World Bank Group, UNDP, UNFPA, UN WOMEN and the Kina Group, these groups will be the first to benefit from the improvements.Kina Haus's improvements not only add to the aesthetic appeal of the urban hub of Papua New Guinea but also gives an indication to NASFUND's members that their investments will grow with Kina administering their funds.For more information on Kina Haus and other investment opportunities from The Kina Group and NASFUND you can visit their booths on Friday, June 1 and Saturday, June 2 during theThe 2018 Real Estate Show at the Sir John Guise Indoor Complex.
Results of Papua New Guinea’s 2018 Real Estate Survey Released
Results of Papua New Guinea’s 2018 Real Estate Survey Released
June 20, 2022, 6:01 a.m.
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The 2018 edition of the Papua New Guinea Real Estate Survey, conducted by Hausples.com.pg, has been released and can be downloaded by clicking on the link below. CLICK HERE TO DOWNLOAD FREE Hausples launched the first PNG real estate consumer sentiment survey in 2017 after identifying a lack of information about consumer preferences on various aspects of the real estate industry. The 2018 edition of the survey provides more in-depth insights about the current state of the PNG real estate sector; such as demand in specific suburbs, market buying power, and an analysis of changes in trends since the 2017 survey. Similar to the preceding survey, the 2018 questionnaire was distributed electronically to the Hausples.com.pg database and social network followers, resulting in over 2,000 respondents over a three week period in February 2018. The interviewees were predominantly Papua New Guineans, with minority representations from Australian, Chinese, Malaysian and American nationals.Whilst some of the results in 2018 were in line with those registered in 2017, the overall population’s sentiment toward buying versus renting a home has changed somewhat - providing an interesting overview about this years general needs. Indications show a significant increase in middle-income earners across the market, indicating a positive forecast for property sales yet with a general inclination to spend more time looking for a property before committing to the purchase.With respect to housing preferences and purchasing power, the 2018 survey has focused on  providing more in-depth insights about the local market. For example, high-set housing, particularly in independant allotments or as part of a new development, are in the greatest demand. Comparatively, there is an increase in demand in the affordable segment of the market; with more people willing to spend between K200,000 and K400,000 on purchasing a property.When it comes to the rental sector, participants perceived it as costly but still more affordable compared to purchasing a property. In line with last year’s results, demand for good quality but affordable rental accommodation remains high, specifically in popular areas of Port Moresby such as Boroko and Waigani, which respondents rated as the most preferable areas to rent or buy a property. CEO of Hausples, Mr. Mathew Care,recognizes that, “This year’s survey results indicate an unchanged willingness to purchase properties in highly sought after areas of Port Moresby such as Boroko and Waigani; but also a longer time frame before committing to a purchase.”  He also added, “We believe that property seekers need a longer time period to find their dream property and secure finance. This is understandable considering the average cost of housing in PNG remains very high”.Care added that, “The 2018 PNG Real Estate Survey, together with the revamped Hausples.com.pg website, provides an opportunity for those involved in the real estate sector to plan and create opportunities for quality and affordable housing options for Papua New Guineans. We therefore encourage everyone to download the full report”.The survey also explores financial and insurance literacy, providing results on how people feel about obtaining a home loan or insuring their property. Understanding how superannuation can be used as equity, for example, or accessing First Home Ownership Scheme Loans, is now becoming common knowledge thanks to events such as the PNG Real Estate Show.Mr Tom Snelling, the General Manager of Hausples, has specified, “Hausples was founded in 2013 with a vision to provide comprehensive and easy to access, one-stop-shop for consumers and providers alike. With the 2018 PNG Real Estate Survey we aim to provide the real estate industry with up to date and in-depth data which can be used by agencies, developers and banks to improve their services and to give the general public an outlook about the current state of the market.”There will be further opportunity for queries or suggestions regarding future surveys during the second annual Hausples Real Estate Show at the Sir John Guise Indoor Complex on Friday 1st and Saturday 2nd of June 2018 - where copies of the survey will be made available to the public.You can download your FREE copy by clicking the button below.  CLICK HERE TO DOWNLOAD FREE