Author: Administrator

As most of you know by now, rental rates on Port Moresby are exorbitantly high.  How long they will remain high is anyone’s guess.  We’ve decided to conduct some research on the average rental rates for apartments in the major suburbs of Port Moresby.  These suburbs include Town, Boroko, Gordons and Waigani. One of the difficulties about the real estate market in Papua New Guinea is that there isn’t that many data that’s freely available to the public.  More importantly, there isn’t any regulatory body that collects data for the benefit of the public. But thanks to PNG’s real estate portal…

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The BSP School Kriket Programme is by far the leading junior sports development programme in Papua New Guinea, reaching out to thousands of children every year and bagging regional and international awards. In 2014, it reached more than 162,483 children, reaching 10 regional centres, staging 31 cricket carnivals and 108 competitions.  162,483 children is the second highest in the history of BSP School Kriket. The BSP School Kriket Programme has been awarded the best Overall Development Program in the ICC Regional (EAP) Awards in 2011, 2012, 2013 and 2014. Four consecutive years. In 2010 and 2011 the programme…

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PNG’s number one real estate portal acquires the second largest portal in PNG to double its footprint Papua New Guinea’s leading Real Estate Website Hausple.com.pg (pidgin English for ‘house place’) has cemented its position with the acquisition of competing website PNGBUYNRENT.com. Since it’s launch in early 2014 Hausples has expanded rapidly adding more that 30 participating real estate agencies and 1,500+ real estate listings. “The site is going from strength-to-strength with 20,000+ Facebook followers and page views exceeding 120,000 per month” said Hausples CEO Brian Byer. The site has also attracted significant corporate advertisers with sponsorship from the Bank of…

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One of the fastest growing property developments in Port Moresby is the Harbour City development located at Konedobu. The development is between the Central Business District and Hanuabada Village.  Traditionally, the fishing areas of the nearby Motu Koitabu villages, the area became reclaimed land of the Gidare Land Group of Hanuabada and was subsequently sold to Provex Property Developments, a company owned by Curtain Brothers. The once traditional fishing grounds now boasts a range of property types both commercial and residential. East New Britain Supermarkets were one of the first businesses to lease the land from Provex to set up…

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The Independent Public Business Corporation (IPBC) announced in a media release that it has entered into a joint venture with the Anglican Church of Papua New Guinea to develop prime real estate in Port Moresby.  The specific details of the venture have not been made public other than the building being somewhat similar to Malaysia’s Twin Towers in Kuala Lumpur. The land the subject of the development is said to be adjacent to the Grand Papua Hotel which at present appears to be the tallest building in the city.  Should the “Twin Towers” eventuate it is likely to be…

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Papua New Guinea is continuing make positive reviews on tourism mainly in America and Europe.  And the latest positive review is a publication in USA TODAY by Susan Barnes.  Susan looks at secluded beaches that Americans can travel to where she introduces “8 beaches around the world where the only footsteps you see may indeed be your own.”. Papua New Guinea’s Tufi in the Oro Province makes the top 8 and is described by Barnes as having beaches caressed by clear turquoise water that is just as inviting as the idea of being all alone. But being in a secluded…

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