News

Hausples Launches the 2019 Show
Hausples Launches the 2019 Show
June 14, 2022, 4:07 a.m.
News
Events & Announcements
What’s the most expensive thing you own? Maybe it’s a house. Perhaps it’s a car. Maybe you own a 24k gold Rolex. No? Well, we can all dream. For the first two things, however, Hausples.com.pg has an event that you need to check out. The Home & Car Expo 2019 is set to be one of the year’s biggest events in Papua New Guinea. We’ve done shows in the past, but you haven’t seen anything like this.   It’s happening at the Sir John Guise Stadium on June 21 and 22. Whether you want to buy your first home, shop for a new car, or look for that perfect plot of land, this show will have something for you.There will be prizes, car test drives, seminars led by industry experts, and much more. Oh yeah, and did we mention the entry fee? There is none! This event is completely free. Read on to see how you can register now. Kicked Into High GearThe list companies that will be showing at the expo is a who’s who of Papua New Guinea’s business sector. Bank of South Pacific, Pacific Palms Property and Industrialized Business Systems will be at large diamond-class booths. Kina Bank, Airways Residences and Trans Pacific Assurance will also be there waiting to greet you. Additionally, Red Sea Housing, Nambawan Super Limited, Shoreline Security, Rhodes, PNG Forest Products, Century 21 and EDAI Town will be participating along with Westpac, Atlas Steel, Champion Engineering and Pure Water.Outside, Ela Motors will be taking centre stage and showcasing the new range of RAV-4 and XXX, and 2-Fast Motors, BSP, TPAL and Shoreline will be featured at the Motor Show. More huge names are expected in the coming weeks. You won’t want to miss out on the fun.Tom Snelling, general manager of Hausples, noted his excitement about the inclusion of vehicles this time around.“Our real estate shows have grown year after year since the first one in 2017 … Properties and vehicles are both large investments that often go hand in hand, so the Home and Car Expo makes sense,” he said.The Post-Courier is confirmed as a media partner for the event.If you have a business or agency you want to promote at the event, please contact us. There are still a handful of booths available for both the real estate and car sections of the show. Interested parties can contact us here. Bring the Whole FamilyMark your calendar for June 21 and 22. And bring the whole family, as well. This will be a family-friendly atmosphere. There will be a managed creche, bouncy castles, food stalls and refreshments available over the two days. The car show will also have a “Show and Shine” area where special vehicles, including 4WD’s, supercars and vintage vehicles will be on display.And, of course, the real estate section will host tons of agents, developers, dealers and related companies at a central location.But maybe you’re still debating whether you want to buy. There will also be free seminars about the real estate industry in the foyer of the stadium. Experts will weigh in on a range of topics such as how to buy your first home, legal aspects of buying, building techniques, and much more. Everything will be streamed live across the arena. Where Do I Sign Up?Registration is quick and easy. You can register online here. But you can also register on the day of the event when you come. Make sure to be there on June 21 and 22. Also, RSVP on Facebook to get updates as the show draws closer.
REIA’S Daniel Berry highlights dramatic shift in Port Moresby’s real estate market
REIA’S Daniel Berry highlights dramatic shift in Port Moresby’s real estate market
June 14, 2022, 4:10 a.m.
News
Advice
A top official of the association of realtors in Papua New Guinea (PNG) said there was a dramatic shift in the real estate sector of Port Moresby in the last few years.Daniel Berry, Vice President of the Real Estate Industry Association (REIA) of Papua New Guinea, noted that the current properly market in PNG’s capital city is markedly different from the one that grew tremendously partly as a result of a major natural gas project.Mr. Berry made this observation while speaking to attendees of the 2018 PNG Real Estate Show held at the Sir John Guise Stadium in Port Moresby.“The residential, commercial, and industrial markets have all shifted from one of low inventory, high prices, and high demand to one of high inventory, lower prices, and lower demand,” noted Mr. Berry, who was speaking on the topic, “Impact of Rapid Growth of Housing Development in Port Moresby”. PNG LNG ProjectIn 2008, PNG launched a $19 billion liquefied natural gas (LNG) project near Port Moresby, triggering an influx of people- both locals and expatriates- eager to cash on or take advantage of the economic and employment opportunities presented by the monumental project.To illustrate the point, Port Moresby, where most of PNG’s real estate can be found, saw its population rise from 364,125 in 2011 to over 400,000 four years later. Consequently, demand for housing and commercial spaces grew exponentially.To meet the high demand, which many developers hope will continue indefinitely as long as the LNG project chugs along on a high gear, many developers started building numerous residential, commercial, and industrial development projects in different parts of Port Moresby and areas nearby.Soon, PNG’s capital city was starting to see more commercial buildings, condo and apartment complexes, and other residential developments.From 2008 up to 2013, the real estate sector in Port Moresby experienced tremendous growth. Demand for property was high, with supply struggling to catch up. Prices and rental rates for real estate were also high.In 2014, the construction phase of the LNG project winded down, and things began to turn differently for the sector. In the next couple of years the property sector flattened, and slowly began a downward spiral.For one, there was an exodus of expatriates, many of them working in the LNG project. Many of these same people were the main customers for upmarket rentals in Port Moresby. In the same time span, the property sector in Port Moresby was also negatively affected by declining government revenues, general economic slowdown, among other factors.Mr. Berry said that supply went up, demand went down, and prices also decreased. The trend has continued to this day, and, sans a major stimulus, is expected to continue into the foreseeable future. Though the property sector did benefit and experienced a short-lived bump in the wake of PNG hosting the Asia-Pacific Economic Conference (APEC) 2018 Summit last month.   Real Estate in Port Moresby“Now, Port Moresby has become a renters market, as there are many vacancies across all sectors of Port Moresby’s real estate industry,” he stressed.A renters market usually occurs when there is more supply than demand in the property market. In such case, rental prices fall and tenants have the luxury to negotiate for a much lower rate.“This is primarily been due to over-development in both commercial and residential units by developers who anticipated that the LNG boom would continue indefinitely,” Mr. Berry added.Mr. Berry’s assessment found support in Mike Quinn, President of REIA. According to Mr. Quinn, the LNG project created a huge, temporary bubble whose effects, once it burst, were largely unanticipated.“The PNG LNG project made a major impact on real estate in Port Moresby and Lae, but it created a big bubble. After the contract finished the market did not anticipate the extent of the downturn that would follow,” Mr. Quinn told the local media.
An Incredible Investment Opportunity in Papua New Guinea
An Incredible Investment Opportunity in Papua New Guinea
June 14, 2022, 4:11 a.m.
News
Housing Projects
Savannah HeightsThe busy suburb of Waigani has been a more preferable choice for developers and businesses today as we see the emergence of both commercial and residential properties. And why would they not see this as an ideal location? You have the convenience and accessibility of transport, shopping, sporting venues etc and the fact that it is literally the link to the airport via the Kumul Flyover.Enter Savannah Heights. With the convenience of living within a secure gated community, Savannah Heights offers protection and piece of mind for those looking for accommodation with value. Located in the popular suburb of Waigani, the estate becomes one of the new commercial and residential developments in the heart of PNG’s political home. Appropriately situated within a reasonable distance to Vision City, Hotels, Parliament House, Sir John Guise Stadium and with the added advantage of an effortless route to the airport, it’s easy to see why Savannah Heights would be the “go-to” solution for businesses and dwellers alike. The architectural design sees the main building comfortably perched on the hill which gives it a perfect view stretching as far as to the sight of the airport and allows a soothing breeze to flow through valley where it rests. The structure itself comprises of 3 levels with customizable office space. The top boasts one of Port Moresby’s more popular dining outlets, Bistro, with its wide range of cuisine ranging from western to asian dishes. Not too far from it stands the newest in high rise buildings, the Stratos Towers. The building having been completed end of 2012, provides another option for businesses looking for quality office space with its various advantages. Whether you’re a business or resident, Savannah Heights is definitely worth the consideration. Rosewood ApartmentsBuilt within the well established Savannah Heights, Rosewood Apartments arises as one of Port Moresby’s newest residential investment opportunities, Rosewood Apartments. Completed in 2012, the 5-storey apartments bring the latest in luxury living in the busy suburb of Waigani. Within the building comprises ten luxury apartments that provide elegance and attention to detail for the eye. The generous floor plan of approximately 155 sqm allows three bedrooms to cradle comfortably inside with each room having an ensuite. All apartments are tastefully decorated due to well thought out architectural designs that stand out as soon as you walk through the doors. Tiled floors help to keep the space cool to counter the heat and the airconditioning compliments by adding the extra touch of relief.According to the 2018 Hausples Real Estate Survey, almost a quarter of the total respondents stated Waigani as the most desirable suburb to live in. For expatriates and newcomers, Waigani is not only the seat of the government of PNG but also the suburb with the MOST things to do as a family or individually. Within the secure compound, the apartments provide a convenient location within reach to shopping centres and restaurants which gives it a slight advantage with developments slowing emerging in the suburb of Waigani. Along with the liberal parking space, plus a Bistro and Cafe within the captivating Savannah Heights grounds, Rosewood Apartments presents itself as an extremely attractive option for anyone wishing to reside there. AmenitiesBuilt in a secure and generously spaced compound, the apartments are some of the newest developments in Port Moresby. Each unit is fully furnished with white and brown goods and come with all modern conveniences installed. The block currently has 90% occupancy with a potential return well in excess of K2 Million per annum. Within lush surroundings with stunning views, each floor hosts two apartments with surround balconies.  A large backup generator (confirm KvA) to the rear ensures that power outages are of no concern, and 13 (confirm capacity) water tanks give piece of mind to the residents. The building is built to international standards which includes fire-fighting facilities within public areas. The sufficient car park delivers secure parking and the entire building runs on backup electricity and water in those times of emergencies. SecurityWhen security can be an issue in Port Moresby, Savannah Heights offers secure and convenient services that ensure both residents and property are cared for. Upon entrance into the estate, stands a guard checkpoint that closely monitors visitors who come to and from the premises and can easily ward off those who are not welcome. With a compliment to security, access to the building requires an electronic card system as opposed to the conventional key. This not only allows residents to have peace of mind but also makes it easier to enter in and out of the units with ease. Guards patrols the grounds 24/7 and ensure privacy is maintained. Investment OpportunityRosewood Apartments are currently 90% occupied and with a steady rise in rent for higher end residences, the potential for long term income is immense. Be the first to look into these apartments and invest in a solid future.For an individual or a group that is searching for a sound investment, Rosewood Apartments are a must not to miss opportunity. Enquire now to take advantage of this offer!
Rhodes GM: Prefabrication is perfect for PNG
Rhodes GM: Prefabrication is perfect for PNG
June 14, 2022, 4:11 a.m.
News
Advice
A top official of a company renowned for building prefabricated house across Asia and the Pacific said that prefabricated and other types of modular houses are a perfect fit for Papua New Guinea (PNG). Modern Building TechniqueDavid Cusick, General Manager of Rhodes PNG, said that there are plenty of reasons why prefabricated homes are well-suited for PNG. Mr. Cusick made the declaration while delivering a lecture on “Modern Building Techniques” at the 2018 PNG Real Estate Show.  Prefabrication is a modern building technique where large components of a house like walls are built in a factory and then transported and assembled in the actual building site. Prefabricated houses are hugely popular in Europe and North America. Asia and the Pacific are slowly catching up as more people become aware of the advantages they offer. Rhodes ProjectsRhodes is an international construction company that originated from PNG. Rhodes has built different kinds of buildings across PNG, and also throughout Australia, Fiji, Tuvalu, and Philippines. Among its projects are staff housing, churches, schools, courthouses, health clinics, warehouses, and barracks. The company’s specialty is prefabricated and other types of modular houses.The main reason that prefabrication is a good match for PNG, according to Mr. Cusick is affordability. He noted that it is much cheaper to build prefabricated houses than traditional houses.Studies have shown that a prefabricated house is usually 40 to 50 percent cheaper than its traditional counterpart. The short time it takes to assemble a prefabricated house means that you don’t need to pay for expensive labor over a long period of time. This is a luxury not usually afforded to traditional houses.“Affordability increases when homeowners choose to build or assemble their homes themselves,” Mr. Cusick stressed.Mr. Cusick also noted that prefabricated houses are quicker to build and can be transported to any part of the country. Some prefabricated houses can be assembled in a day or two.When building a house on-site you have to contend with the elements. At times, work gets delayed because of bad weather. Stringent zoning regulations also sometimes get on the way, further delaying the project. Prefabricated houses, meanwhile, are usually built inside factories. It means that work continues, rain or shine, and is completed much faster.Also, the possibility of red tape delaying construction is much lesser with prefabricated homes. However, the fact that prefabricated homes are new in the construction industry raises the possibility that some of them will run afoul of local zoning boards as what happened in other countries.   Transporting Prefabricated HomesDespite PNG’s mountainous disposition and the fact that some parts of the country are difficult to access, Mr. Cusick is optimistic that transporting prefabricated homes from the factory to the actual building site will not be a big problem.“You can have a modern, prefabricated home transported to just about anywhere in the country,” he chimed in.Mr. Cusick also pointed out that it is easy to build prefabricated houses that even people with limited skills can build them.“You don’t need a qualified builder to assemble your prefabricated home. This is a real benefit because there is a shortage of qualified builders in Australia. Qualified builders are also very expensive,” he explained.“Assembling a home yourself without unskilled workers is another way to save money and having a modern home more affordable,” Mr. Cusick added.With prefabrication, according to Mr. Cusick, it is also easier to maintain high construction standards.“Mostly, construction takes place in a factory floor, which is a quality-controlled environment. That way, it is much easier to control the quality of prefabricated homes,” he stressed. In a controlled environment, it is much easier for construction managers to supervise and monitor the work. In building a structure with many parts, this is critical.According to Mr. Cusick, there are 12 companies that provide prefabricated homes in PNG. “Having a range of providers to choose from is good as competition often drive prices down,” he pointed out.Despite a recent economic slowdown, industry experts are bullish that prefabricated homes will find a good market in the country. They stressed that with a growing middle class and more people looking for modern, affordable homes, prefabricated homes could become an instant hit in PNG in the near future.Matthew Lewis, Managing Director of Hornibrook NGI, another prefabricated home builder, earlier told the local media that,” In PNG, there is an emerging middle class but the housing is not there. The accommodation that they get is extremely expensive and sub-standard.”
PNG Forest Products
PNG Forest Products
June 14, 2022, 4:12 a.m.
News
Housing Projects
For over 60 years, PNG Forest Products (PNGFP) has emerged as an industry leader and contributed to the building of a better Papua New Guinea. With vast expertise of cumulative experience, PNGFP has “the ability and capacity to produce plywood and sawn timber in impressive volumes to suit the requirements of any client, and project solution capability to meet the pre-fabricated building needs of the mining, exploration, infrastructure, primary industry, tourism, community and residential housing sectors throughout PNG, the South Pacific and beyond”.Due to development in the urban areas of cities in PNG such as Port Moresby and Lae, Real Estate has been a growing market as more and more people look into owning a house one day. With the demand and need for affordable housing, PNGFP  have developed building solutions through their NiuHomes product line that can suit any building need, whether in the urban or rural areas. From the plantation to the end product, the kit homes are pine treated and ensure longevity with minimal maintenance to see you through the years. It is also great to know that they have taken the initiative to ensure forestization programs are implemented with a continual commitment to employing renewable plantation pine, restocked from an extensive nursery in the home base in Bulolo. Homes Built to Last for LifetimesLook no further for home design and construction through NiuHomes, PNG Forest Products line of affordable housing. Being 100% PNG Made, NiuHomes are built and designed to meet the preference and style of a typical Papua New Guinean household. This exciting range of home designs offer quality and affordability that is ideal for a modern yet tropical lifestyle. From executive retreats, family homes and village homes, right through to commercial properties, the NiuHomes team has the right design for you.When building a home you should ask yourself: “How long do I want my new home to last?” If the answer is: “For my lifetime and my kids’ lifetime and their kids’ lifetime and more…” then you need a NiuHome  from PNG Forest Products.NiuHomes is PNG’s first and only choice when it comes to quality, affordable kit homes that are made to last lifetimes. All NiuHomes’ kit homes are constructed from PNGFP’s pressure treated plantation pine timber and plywood. PNGFP’s ability to produce pressure treated pine at their certified and international standard plant ensures quality, durable timber that is protected from termites and rotting. NiuHomes come in a range of styles to suit every budget and lifestyle from village living to executive retreats. And with prices starting from under K100,000 you won’t find better value homes in PNG, particularly when you take into account all the inclusions.“The most common reaction from customers is surprise at how affordable our kit homes are and how many inclusions they come with” said Geno Alu, NiuHomes sales representative. “People just can’t believe that with some models you get everything you need including electrical wiring & fittings; plumbing kit including toilet and shower; hardware kit; joinery kit and even interior and exterior paint at such a low price!”  NiuHomes RangeThe impressive range of unique designs makes NiuHomes the perfect solution for those looking to build. From unique executive and villages home to commercial buildings, NiuHomes are designed to suit the unpredictable PNG environment and weather in any location. With the focus on indoor/outdoor living, NiuHomes are ideal for the tropical lifestyle, with floor plans ranging from 20m2 - 220m2. Having a dedicated NiuHomes team, ensures that designs are tailored to an individual preference to produce contemporary and versatile housing to specific requirements. NiuHomes Quality StandardsBuilding a home can be a strenuous task, especially when it is made of timber. With a renewable and sustainable pine plantation in the township of Bulolo, PNGFP takes prides in its treated pine that is termite resistant by AS standards. Longevity and minimal maintenance is ensured when you choose NiuHomes and with a quick response design team, you can be assured that your dream house is just a thought away. The utilization of quality products and materials through quality roofing, plumbing, electrical and hardware fittings and fixtures along with a complete furniture package represent the integrity of home and fortify PNGFP as being the certified choice for kit homes. Enquire TodayTake advantage and be proud of a home that is 100% PNG Made and enquire today! Contact the friendly NiuHomes team on 323 5995 to find out how you can buy a new home from PNGFP NiuHomes.
Importance of property insurance highlighted in 2018 PNG Real Estate Show
Importance of property insurance highlighted in 2018 PNG Real Estate Show
June 14, 2022, 4:12 a.m.
News
Advice
The insurance sector, along with the banking and construction industries, is among the most important partners of the real estate industry. In many countries, Papua New Guinea (PNG), included, the trio play an important in a nation’s development. Insurance companies not only partner with the big property developers, but are also there to help ordinary homeowners in times of disasters or emergencies.Speaking during 2018 PNG Real Estate Show, Linda Garo, Senior Underwriting Associate of Trans Pacific Assurance Limited (TPAL), highlighted the importance of property insurance.With property insurance, the owner or renter of a structure is financially reimbursed for damage or loss arising from fire, flood, theft, and other unexpected events. There are several types of property insurance, including homeowners insurance, renters insurance, flood insurance, and earthquake insurance. Insurance is your protectionTPAL is a leading insurance company in PNG. Established in 2014, the company provides home insurance, motor vehicle insurance, medical insurance, and business insurance services.Ms. Garo emphasized that insurance companies are there to help people, including homeowners, in the real estate sector.Generally, it is understood that many insurance companies work with property developers to insure apartment complexes, condominiums, commercial buildings, and other residential, commercial, and mixed-use developments against property risks that usually come with natural or man-made calamities like fire, typhoon, earthquake, etc.For homeowners, Ms. Garo noted that insurance is your protection against liability or property risks you face as an owner.  “For example, if somebody sues you for injury or damage caused by you or your property, the cost of defending that suit will add to thousands of Kina,” said Ms. Garo, referring to the official currency of PNG.In addition, it was pointed out that by Ms. Garo that there are other fees that you need to pay regardless of the outcome of the suit.  It is understood that the amount you have to pay if you lose the suit and other associated costs will be borne by insurance.Ms. Garo also highlighted the fact that insurance is there to help in times of emergencies or other tragic happenings.“If you were to lose your home due to a fire, or have the contents of your property damaged or stolen, you will not have the funds to replace everything all at once,” she pointed out. “That’s why market lenders as a rule require homeowners to buy home insurance,” she stressed. Home Insurance policy coverageMs. Garo then went on to explain about home insurance policy coverage.With many insurance companies in Papua New Guinea, individual home insurance policies vary. However, according to Ms. Garo, the majority of home insurance policies are based on a standard form.“And all of these policies have two important areas- property and liability. Moreover, your policy will cover you for more living expenses should your home not be livable for a period of time. This usually occurs during a time of disaster when a home is destroyed or heavily damaged.According to Ms. Garo, covered personal properties include contents of your home and personal belongings owned or carried by your or members of your family. She noted that there are limits on losses that can be claimed.Ms. Garo said the worth of a property is determined through valuation, with which insurance companies perform differently. “One insurance company will use a different method from the one being used by another insurance firm,” she pointed out. Actual Cost Value, Replacement Coverage and Extended Replacement CostThe common methods, according to her, are actual cash value, replacement coverage, and extended replacement cost.Actual cost value refers to actual cost of an item minus depreciation. “For example, a new television set may cost 1,000 Kina. But if your seven year old TV was damaged by fire and the value depreciated by 50 percent, you will be paid 500 Kina,” Ms. Garo stressed.Replacement coverage is the cost of replacing an item without deducting depreciation, but limited to a maximum Kina.  Citing the previous example, Ms. Garo said that an insurance claimant for the damaged TV will receive the full 1,000 Kina.Extended Replacement Cost is the one that covers cost up to a certain percentage over the policy limit. This protects the policyholder from suddenly high construction costs that usually occur after a disaster when high demand for building materials pushes the prices up.Ms. Garo reminded that it is important to report damage or loss of property to your insurance company representative as soon as possible.She said that you can make emergency repairs to your damaged house, but that you have to inform the insurance provider before making any repairs. “The insurance company has the right to inspect the property in its damaged condition,” she pointed out. If your property is stolen, Ms. Garo advised that you notify the police immediately and call your company representative.In PNG, there is a vibrant insurance industry offering property and other types of insurance.
BSP Deputy GM talks about banking and challenges in real estate
BSP Deputy GM talks about banking and challenges in real estate
June 14, 2022, 4:14 a.m.
News
Advice
Banks and the real estate sector have always worked together. More often than not, they have been partners in development.Working or partnering with the real estate sector has exposed banks to some of the challenges the sector is facing. While there are banks that have easily weathered these challenges or hardly been affected by them, some of these banks, including a few in Papua New Guinea (PNG), have been seriously affected. First Home Ownership Scheme (FHOS)Speaking during the 2018 PNG Real Estate Show,  Kili Tambula, Deputy General Manager of Bank South Pacific (BSP), said they encountered firsthand some of these challenges with the First Home Ownership Scheme (FHOS) loan program.FHOS is a joint initiative of BSP and PNG Government under which qualified citizens can avail of a loan to buy their first homes.  Aimed at helping families, the program loans K200,000 to K400,000 to qualified applicants for buying a newly-built home or to erect a new home on Government-owned land.“At 4 percent interest rate and 10 percent equity, that’s the cheapest at the moment, compared to what other commercial banks are doing at the moment,” he stressed.Mr. Tambula said the program is going well so far. “We have seen rapid growth in the market for FHOS. This is largely driven by the LNG construction phase, and also accelerated by the product we have developed together with the Government,” he pointed out.“We got a total portfolio of 597 customers who have already been funded by the loan. We have a book balance of over K200 million, funded out to the customers, and the interest is still growing,” he added.Despite their success, Mr. Tambula said they continue to face challenges. It is understood that the challenges facing BSP is not unique to the bank and are also being encountered by other banks and financial institutions who are working with the real estate industry.“There has been a number of challenges we have encountered,” said Mr. Tambula, who stressed that among the major challenges they had is the accessibility of service land. Customary OwnershipMr. Tambula said the challenge is compounded by the fact that about 97 percent of land in PNG is under customary ownership. “Only 3 percent has been delineated to the State,” he noted.  Customary land ownership in PNG has been viewed as an obstacle to progress.Another challenge identified by Mr. Tambula is lack of access to water, power, road, and sewerage. Many places in PNG, including State-owned areas where houses under FHOS are supposed to be built, don’t have access to enough supply of water for drinking, bathing, washing, and other purposes.Many parts of PNG also suffer from frequent blackouts, sewerage systems are inadequate, and many places are inaccessible or hard to reach because of lack of roads.“Accessibility to water, power, road access, sewerage. That has been lacking. That has been one of the biggest challenges we have seen so far. It impedes some other infrastructure development programs and excellent business opportunities,” he said. Missing Land FilesMr. Tambula also took issue with inconvenience caused by missing land files at the Lands Department.One of the requirements for the loan application is the submission of Title Deed confirming ownership of land/Lease is State-owned. “The missing files have caused a lot of challenges,” he pointed out.According to Mr. Tambula 147 customers, loans already approved but pending settlement because the files are missing and cannot be located.Despite the challenges, Mr. Tambula strongly believes that FHOS is on the right track. “The future prospects remain positive and it is expected to grow,” he stressed.According to him, the prospects for FHOS will especially brighten if another major mining development project like the Wafi-Golpu gold mining in Morobe kicks off. “We will see another big push in the marketplace,” he concluded.
Touaguba Paradise
Living the life at Touaguba Paradise
June 15, 2022, 1:49 a.m.
News
Lifestyle
As the City of Port Moresby has seen a boom of infrastructure in the last number of years, residential developers have been taking advantage of the rise and tapped into the high-end spectrum of accommodation. One developer in particular, NPL Development Ltd, has seen the increase in demand for quality accommodation and housing and after 2 years of construction has made their vision a reality.Set on the highest point of Touaguba Hill comes the latest in luxury and stylish architectural design, the towering Touaguba Hill Paradise Apartments. Beginning construction in June 2016 and completed in October 2017, this newest edition to the downtown area has already captured the eyes of investors and would-be tenants alike. Just glancing up from Ela Beach at the impressive structure leaves you fixated in awe at how much of an ambient mood the view from the top would give emanate. From the moment you drive through the front gate, the evenly spaced buildings look just as impressive from up close with the structural stability and flawless designs to match.The location itself conveniently sits within close proximity to the beach, shops, cafes, restaurants, hotels and health centres, making it ideal for those not wanting to venture too far out of town. Stepping into another world is an understatement as you are bombarded with exquisite workmanship from the buildings to the landscaping.    Architecture and DesignNPL Developer Ltd’s Manager Director Dato’ Jimmy Poh has said that "the development of Touaguba Hill Paradise is a collaboration of international team of designers and real estate firm to deliver a very well thought out living space with style and flair." To enter Touaguba Hill Paradise is to enter into a world of classic architecture at it’s finest. The apartment block is divided into three buildings: Blocks A and B together on the lower level with Block C sitting slightly higher above on the hill. It is worth mentioning the vantage point that the upper levels of Block C have to bask in the wondrous views of Ela Beach and the vast sea on the horizon. Built on the highest point of Touaguba Hill, all the buildings boast 7-storeys high and from the exterior to the interior, provide quality finishes inspired by a well thought out architectural plan.The architect and design team have gone to great depths to give an artistic and aesthetic touch. Strategically set from a high point, the buildings and individual units are designed in a way that encapsulates nature and adds value to the picturesque backdrop of ocean views. To counter the sweltering humidity of Port Moresby, each unit is tiled throughout to repel heat and keep the unit cool. The airy floor plan also helps to allow a steady flow of ocean breeze to provide that natural cooling effect especially in the night time. Throughout the unit, the light wall colours help illuminate the interior and with the aid of large windows allow a generous amount of natural light to sweep through. Add in the sweeping views of the ocean as you get higher and the convenience of location, you have yourself an apartment to be proud of. ApartmentsEach apartment has been carefully designed to give a range of preference according to number of rooms/bathrooms and floor area. The buildings have their own lifts with admission to floors strictly with access card to ensure privacy and security. As you make your way into each building you are immediately met by the stellar touches of elegance from the lobby as you exit to lift to the front door of the units.Luxury awaits as you step into each unit with a tiled floor matched with light wall colours that creates a vibrant look. The most notable thing you will notice is the spacious floor plan that makes possibilities endless to inspire the mind to decor at will. Depending on the type of unit, the rooms run symmetrically along or opposite each other from the lounge room and are relatively large in space. Fitted with their own queen sized beds, air conditioning and wall TV, the rooms seem almost nostalgic of a hotel atmosphere. The lounge is just an extension of what the rooms have to offer with an open plan to entertain family and friends when occasions permit. The kitchen provides great space to move around at will and even inspire the inner chef while the balcony creates the perfect opportunity to enjoy a casual afternoon or lazy morning while soaking in the panoramic views and cool breeze of the ocean. AmenitiesTouaguba Hill Paradise takes pleasure in providing alluring facilities and amenities that are complementary to other high-end apartments in its pristine location. The aim of the residence is to cater to its tenants by presenting as many advantages as possible for maximum satisfaction. The main aim is to instill a firm mindset in it’s tenants to enjoy comfort at home and take advantage of these amenities.Located in between the apartment buildings sits perfectly a glamorous sized pool with fountains creating an oasis to indulge in. The pool is perfect for those hot and humid days where you just want to escape from the Moresby heat and treat yourself. When entertaining the guests and family becomes too populated in the units, extend the gathering to the outdoor entertainment area that is designed to invite the cool ocean air and provide a great setting for fun times. On the other hand, if you want to skip the relaxation and burn off some sweat, take a walk into the state of the art gym with its wide range equipment and weights to occupy the casual goer to the gym junkie.With the constant power and water shortages in the city, residents can be well assured through two generators that supply electricity and efficient water supply with nine water tanks. The buildings offer ample basement car parking for both tenants and guests and an easy accessible road through the premises. To keep the high standard of the property, the facilities and grounds are continually serviced and maintained and staff is always on call 24/7 to alleviate any issues.  SecurityFeel safe and secure in a well maintained location without having to worry about security. Touaguba Hill Paradise takes pride in delivering an impressive security system. Designers have taken into consideration extra security and ease of access into each unit by installing a 4-way access on each door through touch screen pin code, access card entry, normal key entry and an impressive fingerprint biometric scanner. For convenience, an intercom with video and voice capabilities allow you to stay within the confines of the unit to monitor visitors as they come and go. The boundaries that border the property are equipped with security lights, electric sensors, motion sensors and cameras and have 24-hour security with a good number of guards that patrol the premises. The grounds are continually monitored with its steady supply of cameras which provide supervision in the well equipped surveillance room. It is safe to say that Touaguba Hill Paradise provides luxury living in premises that solves the problem of security while providing maximum assurance for its tenants.   AvailabilityTouaguba Paradise offers a range of units for rent with one, two and three bedroom apartments starting from just K2,500 per week.  Click Here to make an enquiry.
Sites and Attractions of PNG
Sites and Attractions of PNG
June 15, 2022, 1:50 a.m.
News
Lifestyle
Papua New Guinea is one of the the most culturally diverse countries in the world and is also one of the most rural with only an estimated 18% living in urban areas. The country has approximately 852 known languages and has a population of over 8 million people.Being one of the least explored countries in the world, PNG has a lot on offer. While the list is long, this article will look at some of the main attractions as well as the best places to live in. AttractionsPapua New Guinea is known as the land of the unexpected or surprises and as one of the least explored places, it has a lot on offer in terms of attractions.The Bird of Paradise is one of the main attractions of PNG and features on the national flag.  This member of the Paradisaeidae family habitats Eastern Australia and New Guinea and is best known for the elaborate mating ritual, where the male displays its plummage in a fascinating unique method. The country is famous for its bird watching as it is home to a thriving bird population due to specific habitats and climates favored by the endemic species and the lack of predatory animals. Birdwatching is available through out the country from he coastal and island locations to the rugged peaks of the highlands. PNG is famous for endemic species such as the Raggiana and the Blue Bird of Paradise including the fire maned Bowerbird.Other attractions include the various mountain peaks such as the Mount Wilhelm which is 4, 509 metres or the country’s 2nd highest peak which is Mount Giluwe which is 4, 367 metres in height. The Tavurvur which is a active stratovolcano near Rabaul on the island of New Britain.Another famous drawcard is the Kokoda Track which is trek of 96 kilometres inland through Owen Stanley Range, made famous as a major battle ground between Allied and Japanese forces during World War Two, or the Black Cat Track which is a rough overland track in the Morobe Province and runs from the village of Salamaua to the mountains then to the township of Wau. Popular residential localities within Papua New GuineaThe following is an overview of popular residential localities within PNG, including security of the area, local amenities such as shopping, essential services, social hubs, proximity to business centres and tourist attractions. National Capital DistrictBorokoBoroko offers quick access to many sporting and recreational facilities, such as the National Football Stadium, the Rita Flynn Netball Centre and Bisini Parade Grounds, all of which 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.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, banks, a craft market, many grocery stores; service stations; pharmacies and other health services; beauty parlours; schools and an assortment of churches. It is regarded as Port Moresby's central commercial and shopping hub. WaiganiWitness the nation's monumental events at Waigani. Not 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.Waigani also hosts Vision City, Port Moresby's largest shopping mall and home to fashion outlets, restaurants and the food court and a wide range of both local shops and international franchises.  It has PNG's main cinema on the top floor as well as a popular nightclub, and connects to Stan;ey Hotel.Opposite Vision City is the Sir John Guise Stadium, the main venue of international sporting events.  The stadium is also home to the annual Real Estate Show, hosted by Hausples.Waigani is as versatile a neighbourhood as they come. It has a wide range of educational facilities from private, to church run to public institutions, there is daycare to tertiary institutions that offer an array of skills and subjects. There is entertainment for the artistic, for the athlete, there’s entertainment for the computer and gaming nerds, movies, restaurants, bars, nightclubs and pubs, motor cross clubs - if there is one suburb that truly has it all, it is definitely 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 outlets, 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. Downtown Port MoresbyDowntown Port Moresby or simply ‘Town’ is the most expat preferred suburb because of its captivating view of the sea overlooking both Fairfax Harbour and Walter Bay and the proximity to the city's Central Business District. Prime social clubs (Yacht Club and the Aviat Club) are all within a 10 minute driving radius. Major hotels feature in Town, including Crowne Plaza, Grand Papua and Ela Beach Hotel, all of which offer high quality accommodation and excellent cuisine.The area hosts a number of iconic buildings, such as Kina Haus (formerly Deloittes Tower) which was PNG's tallest building one point.  New developments are now dwarfing Kina Haus, such as the Old Parliament Haus Towers and China Railway building, both of which will boast commercial, residential and shopping facilities.Downtown is also home to the newly developed Ela Beach which is open to the public and features basketball courts, parking and general entertainment and is next to APEC Haus which was completed just this year specifically for the Asia Pacific Economic Cooperation, hosted in Port Moresby for the first time.  Beyond APEC Haus is the new Paga Hill Ring Road which is a beautiful walk or drive around the spit with stunning sea views.  This takes you to the Harbourside complex, home to commercial office space, seafood restaurants and a buzzing nightlife. Morobe ProvinceMorobe Province is located on the North Eastern part of Papua New Guinea. Morobe has one of the most versatile environments in PNG with beautiful white sandy beaches, savannah plains, swamps, low land rainforest to rugged mountain peaks. There are over 101 languages spoken here. The Province is considered the link to highlands and islands.Lae City is the capital of Morobe province, the second largest city in the country, and is the commercial and industrial hub of the country. Morobe province has a massive land area that is yet to be developed and many developers are taking advantage of this by building large industrial type structures and residential properties to accommodate those that will work in those properties. Particularly after the 6 mile suburb onwards there is rapid infrastructure growth. You can travel by road from Lae to Madang or to all the Highlands provinces. Madang ProvinceMadang Province is located on the Northern coast of PNG. It is one of the most popular tourist destinations in PNG with its rugged mountains, dense virgin forest and pristine beaches, in fact it is the most popular dive destination in PNG. Madang is also a popular historical and anthropological area due to it having 173 of PNG’s languages; and World War II left behind a legacy of 34 sunken ship that offer dive sites to explore at Hansa Bay, near Bogia.The colourful Madang Township has been called the "prettiest town in the South Pacific" (Papua New Guinea Travel, 2018). Madang town has modern urban facilities, including hotels, department stores, bustling markets and historical artefact shops and displays in the Cultural Centre. Madang is also a key destination for meetings and conferences.Like Port Moresby, Madang has seen much infrastructural changes in the last 5 years as a result of the rapid growth of mining and tourism industry. There are many new residential type properties in Madang town and the same is occuring in areas outside of Madang town. The highway from Madang continues to either the Morobe province or you can venture up to the Highlands Region. Western Highlands ProvinceMt Hagen is the capital city of Western Highlands province but is also the hub of the Highlands Region with it being the main stopover for road travellers intending to take the Okuk Highway to Wabag, Southern Highlands and Hela Provinces. Hagen is a bustling commercial centre where wealth from coffee and tea plantations had fuelled the initial development of the town, now however the mining industry has spurred the growth of the real estate industry in this province.Western Highlands Province also has a robust tourism industry with majestic mountains and beautiful flora and fauna, this province is known for its beautiful art and craft and it is referred to as the wild frontier of the Highlands region.Kagamuga International Airport being the hub of the highlands airway daily sees flights in and out from private operators that bring in personnel to and from mine sites in the Southern Highlands, Enga Province and Hela Province. East New BritainEast New Britain province is located on an island to the north of the PNG mainland. It is the north eastern part of the island on which both East and West New Britain are located on.Rabaul used to be the major town in East New Britain Province until the disastrous eruptions of Mt Tavurvur and Vulcan in September of 1994. This event signified the moving of all major services to Kokopo town. Tokua Airport is the main airport in East New Britain with plans to upgrade to an international airport in 2019.East New Britain is a major tourist hub in PNG with its riveting World War II history. There are Japanese cave systems, barge tunnels, aircraft wrecks and submarines, volcano climbing, scuba diving, snorkeling and trekking. It a perfect tourism investment location especially considering that the government has chosen this province to invest in for tourism development under its Tourism Master Plan. West New BritainWest New Britain sits on the south western part of the island of New Britain. Kime is the provincial headquarters of West Britain Province. The largest income from this province is from exporting oil and it is covered with many oil palm plantations (especially in Kimbe) and there is also some logging in the interior and on the south coast.Tourism is also fast becoming a profitable industry in this province with Walindi Plantation Dive Resort attracting divers globally, there are also beautiful fishing and snorkeling spots on offer in this area. The Muruk cave system in the Nakanai area of West New Britain is believed to be the deepest recorded in the southern hemisphere.
Property ownership laws
Property ownership laws
June 15, 2022, 1:51 a.m.
News
Advice
Property ownership laws in Papua New Guinea have been developed since the arrival of colonists on the island in the 1800’s. Given the emphasis on the significance and utility for livelihood of land in customary times, the laws in PNG have been designed and amended to cater for these values.Despite a lack of empirical evidence, it has been estimated and reported by the Oxford Business Group that around 97% of the land in Papua New Guinea is under customary ownership and many of those are not formally on record with land titles. The remaining 3% is a combination of both State land or freehold land.A careful study of the country’s laws surrounding land ownership as well as the mechanisms involved in acquiring a title or a lease will be advantageous for anyone searching for general information or considering investing in property in PNG. Land Titles & OwnershipThe three main recognized forms of land ownership are leasehold, freehold and customary land ownership, which will each be discussed further below. 1. Leasehold Titles and OwnershipLeasehold titles involve a person who owns the land, but gives it to another who will have possessory title over property on the land for a period of time. In PNG, the most common form of leasehold dealing is through a ‘State lease’ lasting a maximum of 99 years. State leases are given for State or ‘alienated’ land. The term alienated refers to land that was customarily owned but was acquired by the Government for public purposes.The process of administration of State leases is carried out by the Department of Lands and Physical Planning, and begins with an allocation of vacant land in accordance with the physical planning set for a particular area; that is whether a place is to be sold for residential, commercial or industrial purposes. When the allocation has been done, vacant land gets published in the National Gazette under the heading ‘Land Available for Leasing’. Individuals and companies may then apply for the lease of this land from the State.A lease may be applied for a period not exceeding 99 years and at its expiration the State is allowed, but not obliged to, renew the lease. Applications for State Leases are made to the Land Board which considers them and based on their merit, submits to the Minister for his decision. The Minister has the final say in granting or rejecting an application for a State Lease. In an instance where a lease is granted, the application will be published in the National Gazette under the heading ‘Successful Applicant.’A benefit of State Lease titles, particularly in a country where land ownership forms a bulk of legal disputes are that Papua New Guinea had adopted the Torrens Title system of land registration, which means that the is that once it has been registered and certified, that is regarded as conclusive evidence to the validity of the ownership of this title and cannot be challenged or defeated.  2. Freehold TitleFreehold titles indicate that the name of the person or business group on the Certificate of Title (COT) owns both the property and the land upon which it stands. Land which can be converted to freehold is originally customary land and cannot be State Land, it is for that reason that Freehold land can only be applied for by Papua New Guineans and not expatriates. Because the land is not owned by the State, Freehold titles are owned for an indefinite period of time and do not have to revert back to anyone.Freehold titles are administered by the Land Titles Commission and involves an application being made to the Commission for a Conversion Order for the land to be registered as a freehold title.All freeholds titles have “Restrictions” detailed on the back of the Certificate of Title at the time of registration. These restrictions have been specified under Section 26 of the Land (Tenure Conversion) Act prohibiting the title holder from transferring the land for a certain period of time. For instance, one is not allowed to transfer the lease for a period longer than 25 years and removal of these restrictions only this can be done with the approval by the Land Board. Freehold land can not be used as a consequence of bankruptcy, insolvency etc.  3. Customary Land TitleMaking up the majority of land in PNG, it is important to take note of customary land which is also termed “unregistered land” because it doesn’t need a certificate to prove its validity. Given the country’s unique legal system which recognizes both customary and common (English) law land rights, the issue of customary land ownership and the specifics of boundaries are determined through the traditional mediation processes used by customary land owners.Customary land has the potential to be utilized to benefit many people if handled properly. One way is to register land under as an Incorporated Land Groups (ILG). This, among other things, identified all of the people with an interest in the land. This land can then be leased to businesses to conduct operations on the land and the customary landowners may in return receive royalty payments. 4. Incorporated Land Group (ILG)Incorporated Land Group is a concept introduced after the first three forms of property ownership, but still require a mention as they have been encouraged, as reported by Loop PNG, to be a countermeasure to land grabbing. In comparison to freehold, they involve a large number of groups or clans that have come together to register their members and respective customary land under one group. An ILG can then lease this land to businesses (most common mining companies) who operate on their land, in return paying royalties to the members of the ILG.The group will apply to the Registrar of Titles  for recognition and their application must be submitted with survey plans of the proposed land. After deliberation, an issued Conversion Order will be given to the Registrar of Titles (ROT) and they will issue a Certificate of Title.The Land Title Commission is responsible for the carrying out of investigations into applications to ensure that all interests in the land are addressed to prevent future disputes. However, if a dispute arises, the Land Title Commission has a mechanism in place to hear and settle disputes.In order to be kept up to date on the land which is available for sale or for renting, subscribe to our newsletter at Hausples.com.pg.  PNG Property Guide provides potential and existing investors, property developers, home buyers and renters, with an overview of of the Papua New Guinea’s property market including: a broad historic, economic and cultural overview; detailed information regarding property ownership laws, including expatriate property rentals and purchases; and demand and sentiment data from the 2018 PNG Real Estate Survey conducted by Hausples.com.pg.
Hausples Real Estate Show Comes to Lae
Hausples Real Estate Show Comes to Lae
June 15, 2022, 1:52 a.m.
News
Events & Announcements
PNG’s home of real estate, Hausples, is delighted to bring its prestigious property show to Papua New Guinea’s commercial capital, Lae!Having run two successful shows in Port Moresby, attracting over 10,000 attendees and sixty exhibitors, Hausples is now ready to take this event out of the capital.“The feedback from the previous shows was extremely positive, but there was a definite demand for a similar event in Morobe province. There is a sentiment that Port Moresby receives more than its fair share of attention, particularly in the property market where house prices are high,” said Tom Snelling, General Manager of Hausples.“Lae is the perfect location to host a real estate show as it has direct links from the Highlands, Madang and Island provinces”.“With the Morobe Show happening the weekend prior, we felt it is an opportune time to squeeze this in before APEC starts in mid-November.”Realty is also one of the most common investment choices for owners of land within and on the fringes of the cities.There are a lot of ways that people going into real estate can add value to their properties from building quality to security and landscaping, and a show like this one makes a lot of great information available to prospective real estate owners or anyone that needs to refresh their property.Attendees will have the opportunity to meet some of Lae’s biggest property developers, including Lae Birdwing and Hornibrook, both of whom are building high quality, secure housing which is affordable – a key factor in today’s economic climate.Bank South Pacific will be showcasing their home loan products, including the First Home Ownership Scheme, a key factor for many who are taking their first step into the real estate market.Nambawan Super Limited will also be available to discuss their housing advance schemes with their contributors.If you own land and you wish to build on it, check out PNG Forest Products who have a wide range of quality timber housing solutions and a reputation as leaders in this market.Or, if you prefer to build it yourself, Hardware Haus will be there to showcase their wide range of products for all your building needs.And during the 2 days, Paradise Foods will be keeping us all refreshed and fed with water stations around the venue and a food stall.Hausples wishes to thank and acknowledge the support of the Post Courier, Niugini Electrical and Guard Dog Security who will also be showcasing their products and services during the show.So, whether you are buying a new home or renovating an existing one, be sure to check out the Hausples Real Estate Show in Lae on the 2nd and 3rd November at the Sir Ignatius Kilage Stadium.And the best part about this show; entry is free and everyone is welcome!
Making your property more marketable
Making your property more marketable
June 15, 2022, 1:52 a.m.
News
Lifestyle
Papua New Guinea has a growing and thriving real estate market and, coupled with an increased income, more and more people are looking at owning their very first homes. This demand for housing has seen a few homeowners consider the prospect of selling their current properties.A recent survey carried out by PNG’s leading real estate portal, Hausples.com.pg, has revealed that as people’s confidence in owning their own home increases, a majority believe it is a good opportunity to take advantage of this demand and sell their properties. If you happen to fall within this group of people, there are a few things to undertake to ensure that you get more returns on your property and that it is marketable. Invest in a clean up crewOver the years, dust and grime tend to build up around the home. The exterior of the house loses its gloss and the roof needs to be upgraded.  When you are readying your house for the market, it is not good to have a smelly and grimy house as this will deter potential buyers. This is an ideal time to invest in a clean up crew who will be able to carry out the major refurbishments around the house as well as cleaning the walls ready for painting.Once the clean up crew has finished, then the weekly cleaning can be done by the family. It is always good to remember that to solve any ongoing issues.  For example, it may be tempting to cover up a blocked drain during a property inspection. However, the sale may take several months to complete and a heavy rain can cause flooding because of the blockage.  This will cost you more money in the long run, so nip the problem in the bud and fix the root cause before it gets out of control.Remember, no one likes a smelly house. If you smoke, scrub the upholstery and carpets. Wash down the walls and ceilings with a mild cleaner and ensure that the vents in the air conditioning unit cleaned. If you have pets, ensure that any stains are removed and that their dog houses or corners are spotless. Remember Curb AppealAt times, the landscaping clinches a deal. The landscaping or the curb appeal makes a great first impression and a well kept lawn and a neat garden can, in fact, increase the value of your home.  If you have walkways or paths leading to your house, make sure that they are cleaned and free from debris. It can be a great idea to water blast the exterior of your property in order to get rid of cobwebs and to give it a fresh and clean appearance. Clean your closets.When you have an open home or prospective buyers stop  by for an inspection, they will most likely check the cupboards and closets. It is therefore an opportune time to go through all that you have in your closets and throw away the unnecessary, keep the must-haves and organise it properly. This way, it will look like there is a lot more space in your closets.Upgrade your kitchenWhile real estate is all about location, it is always wise to upgrade your kitchen. A kitchen is the centrepiece of a house. It is where the family spends time cooking, washing dishes and even recapping on the day whilst they prepare the evening meal.If you have a bit of money, spend it updating the counter tops and the window frames. Upgrade all the kitchen appliances and install hanging lights, which will add a chic appearance or finish to the kitchen. However, if you do not have much finance, opt for inexpensive updates like fresh paint and new cabinet hardware such as door handles, knobs, etc. This will give your whole kitchen a fresh and new feel. Give your room purposeAt times, we will convert one room in the house into a place where we put all our knick-knacks and almost everything which is not needed. When planning to have an open house or your home listed, it’s time to clean it up. Clear out all the thing you don’t need and make your house  as spacious as possible. Change the colours in the rooms. Grab a paint brush and focus on the trims and heavily used rooms. Paint over bright bedroom colors to more neutral tones and touch up areas that need to be retouched.  Let the sun inNatural light is a huge bonus when selling your home. Let the sun shine in and ensure that your windows are clean and not obscured by dusty drapes or torn curtains.These are some of the ways you can ensure that your house is marketable and that prospective buyers will look at it the way you first looked at it when you bought the property. However, when considering selling, it is always a good idea to get to know a valuer who can also assist in setting the right price for your house. Generally speaking, real estate appreciates over time but the simple tasks, such as keeping your home clean and tidy, will see that you make the most of your return.
Achieving a timeless look for your home
Achieving a timeless look for your home
June 15, 2022, 1:54 a.m.
News
Lifestyle
As time goes by, fashion dies out and a new trend starts. This sees a lot of money and time spent however if you invest in timeless home decor, refurbishing every now and then may be a thing of the past.Imagine opening a magazine from five years ago and reading a story which seems like it just happened today. That is what we call “timeless” and the same can be achieved for your home. Timeless designs or décor is understated, simple yet sophisticated.What is timeless decorTimeless Decor is also known as Transitional style or “new take on old classic”. This is where designers combine traditional and modern styles and at the same time incorporate the use of lines, curves, not a lot of ornaments and use colour palettes which are neutral.Curves combined with straight lines in a transitional style décor will see a look that is comfortable and relaxing and an uncomplicated design which is classic, timeless, and clean.ColourColour palettes are typically neutral and subtle and may be monochromatic. The focus is on the colour of the interior and not on the upholstery or the floors. When choosing colours for your house, always be very cautious. At times, many colours may appeal to you or be in fashion however it will not stand the test of time. It may be best to incorporate the colour you choose with accent pieces and accessories.Neutrals play a important role in traditional home décor. They accentuate a space without overpowering it. Colours such as beiges, grays and off-whites have a strong presence and when mixed with bright white in ceilings and doorways, they produce timeless decor. These are colors you should choose as they form a perfect backdrop for formal furnishings and colourful artwork. You can also opt for classic colours like black, navy blue and dark greens that are often complemented by these neutrals.FurnitureUnlike contemporary furniture, transitional style focuses on comfort and practicality to meet the lifestyle of an active household. The scales of furniture pieces are ample but not overwhelming. Texture is important and therefore when choosing a furniture piece, always ensure that you are considering the surroundings and the colour scheme.Timeless design is functional and sensible. It is a style that suggests a quiet confidence. It’s not over the top nor is it boring. Timeless design is perfectly scaled and proportioned.  When creating this functional space you will see that your furniture should fit in a room perfectly. It should belong to a room and be neither too large as to overpower, or too small as to seem unimportant.Many designers suggest investing in solid antique pieces to give your space a sense of history that can forever be expanded onto.  Antique furniture, even though reflective of the past, becomes timeless when incorporated with other styles and furnishings.How to achieve this in your: 1. Living roomTo create a room that is timeless, steer away from oversized and puffy couches as well as those which appear to be overly streamlined or which look like those that should belong in a doctor's clinic. Timeless design, much like classic design, also steers away from overly decorated and busy patterns, shapes and spaces. In this concept, having less is often the best.When out shopping for your DIY project in redecoration, always keep an eye out for retro sideboards, plantation shutters, classic wooden photo frames and an ornamental mirror.The plantation shutters while giving the room a breezy look and will keep passers-by from snooping. Their clean lines add to the room’s bright feel and also has an exterior kerb appeal. The retro sideboard will transform the living room’s look and also ensure that the little knick-knacks are kept out of the way. It is also a good place to place precious ornaments and pictures. The best type of sideboard is one made of teak or rosewood.The picture frames can be used to create a picture cluster. You may have seen many houses with the picture clusters and the reason that they are a very good idea is that these picture clusters can be used to reflect your personality. You can align or misalign them, mix and match and yet they all seem to match and appear as one.A persian rug thrown on your floor is another good idea for your living room as its warm colours give the space a homely feel and also a little bit of excitement. It can also warm or cosy up a modern space. The hand woven Persian rugs are expensive however one can also use a traditional PNG mat which will also add a personal touch to the living room.The oldest trick in the book is to have an overmantle mirror. For old school sophistication, go for a French styled mirror with an ornate plaster or gilt painted wooden frame. These mirrors will give the room a sense of space and light.For patterns, use bold ones such as stripes, plaids and checks with a lot of natural materials in your home. It is best to steer away from bric-o-brac or little knick-knacks. A room with the least amount of ornaments is the simplest and best way to go. 2. KitchenOnly a handful of kitchen styles and colour schemes survive the constantly changing fashion scene. This means that we are not to be caught up with the latest and hottest kitchen layout that will soon fade out and make your home look outdated and at times very tacky.  Some colours to use for your dream kitchen are beige, ivory and a combination of white and grey as these are neutral. These colours when used correctly will give off a warm and striking effect which will inturn give off an elegant touch. Another colour which is timeless is striking yellow as this will make your room appear bigger and more welcoming. You can off-set these colours with a splash of green. Another colour or shade which gives off a chic and timeless impression is  Earthy brown.To ensure  that you have the right appliances to go with the colour of your kitchen, stick to stainless steel. This will ensure that you do not have a monotone area. Add in a few touch of colour when changing your faucets, your light fixtures or even choosing your flooring. It would also be fun to get creative with the ceiling where we can use a low gloss finish. However, if you have a big kitchen area, it would be a great idea to use a dark tone for the ceiling and have hanging light fixture. Also, when dealing with your cabinets, always remember that open shelving creates a casual atmosphere and you will be able to reach all your necessities easily.There's no such thing as a one-size-fits-all approach when it comes to renovating your kitchen. If you are renting, get permission from your landlord to paint the cabinetry and change the cabinet hardware. Imagine a bland cabinet and then it is transformed into a beautiful chalky white with upgraded handles, and suddenly you'll feel like you're in a new kitchen. Build exactly what you want, but always remain on the classic side of things. 3. BedroomIt is important that you choose furniture that will stand the test of time and yet having a good taste. A lack of ornaments and decoration with very little accessories will ensure that all focus is on the simplicity and sophistication of your bedroom. Stick with wooden furniture or beds as the beauty of the wood will always see your bedroom look chic.A scattering of local artwork or paintings such works by Andy Nombri, abstracts by Winnie Weowa and Jakupa Ako will also give your bedroom a local touch and personalise it as well.Timeless design is a relatively easy one to achieve. Your background should be neutral, and not busy. Emphasise clean lines and shapes and your home’s natural architectural details. Add classic colors such as dark green, navy and black as they complement the neutrals so well. Invest in a few pieces of antique furniture. Any furniture which comes from over 20 years ago are considered antique and if it hard to get, even reproductions will do.In Papua New Guinea, a visit to the local markets and thrift shops will see artifacts galore and even may see one get a  bargain. This coupled with the various hardware shops will see a variety of paint available.
GROUNDBREAKING: The Hausples Real Estate Show is coming to Lae!
GROUNDBREAKING: The Hausples Real Estate Show is coming to Lae!
June 15, 2022, 1:55 a.m.
News
Events & Announcements
Taking that big step towards homeownership just got a whole lot better with the 2018 Hausples Lae Show.The Lae Show is the brainchild of Hausples - PNG’s leading real estate portal which has over 3,000 properties listed by individuals, developers, builders and agencies.Rolling off the success of the Port Moresby Show, this is tipped to be one of Lae’s greatest and most educational event as it will feature agents, developers and leading banks as well as service providers participate hence allowing you the chance to tap into a wealth of knowledge and know how that will be available under all one roof.Click here to Register your attendance for free The recent 2018 PNG Real Estate Survey conducted by Hausples has shown that there is a significant increase in middle-income earners across the market which indicates a positive forecast for property sales. It has also shown an increase in the demand for affordable housing with many willing to spend between K200,000 and K400,000 on property market. With this general feedback, Hausples has made the decision to address on the demand for housing whether it is for purchasing or for rentals and bring together all the professionals and experts in this field under one roof for two days.This is a rare opportunity to meet all the stakeholders in the real estate industry and get the best advice with regards to land purchases, taking out a loan for your house and also to gather first hand the steps and procedures to follow in order to seal the deal on your home.The event will also feature many of PNG’s real estate agents and the properties that they have on offer. This is an avenue for potential homebuyers as data shows that there is a willingness for people in PNG to purchase properties but also a longer time frame before committing to purchase with one of the many reasons being the delay in finding their dream home and then securing a loan.This Hausples Lae Show will assist the potential buyers as it showcases a whole range of expertise giving opportunity for many to visit the various booths and compare prices and affordability of the various properties on offer and at the same time, talk to a bank representatives with regards to a home loan and the best part is that it is all under one roof.Apart from featuring real estate agents and banking service providers, the Lae Show has roped in the services of a few renowned developers and manufacturers with PNG Forest Products being one. PNG Forest Products is the country’s largest producer of pressure treated plantation timber and plywood products. Having them on board along with other companies and service providers will also allow the Show participants to be able to see and choose the products they will need for the renovations or even construction of their dream homes.  Click here to Register your attendance for free Sir Ignatius Kilage Stadium from the Lae Yacht Club | Source: RainyLaeLocationThe Lae Show will be held at the Sir Ignatius Kilage sports complex which features a 500 seated Grandstand and an additional 1,000 bench seat. With the close proximity of the renowned stadium to the main city centre as well as the large sitting space, this 2018 Hausples Lae Show is expected to be one of a kind for the city.Lae is PNG’s second largest city and is the capital of the Morobe Province. It is ideally situated as it near the delta of the Markham River, at the start of the Highlands Highway which is the main corridor between the Highlands and the coast. The city is also known as the Garden City and is the largest cargo port in the country.What to expectImagine walking into a venue with a preconceived idea of your dream home. You then enter and meet with banking specialists who will then discuss your eligibility and also give you a brief idea of how much you can then spend on a house, you walk further down the aisle and come across a number of real estate agents. You then scrutinise and compare prices, choose your dream home and then book it. Further down, you will come across developers, construction companies or even manufacturers who can then give you a quote as well as advice on which timber to use or which is the best material for the area of your choice. Equipped with all these details, you then return to the Banking representative and proceed with the purchase of your new home.This is what the 2018 Lae Show has on offer and with the diverse number of companies, real estate agents and service providers on board, it is expected to become a one-stop property shop for two days. Click here to Register your attendance for free
Hausples.com.pg home security
10 ways to improve your home security
June 15, 2022, 1:57 a.m.
News
Advice
Security fence | Source: PassagejournalThere is nothing more terrifying than the thought of having your home broken into.This is a fear that is shared globally. Some people deal with this by building fortresses and having personal protection all day everyday, but not everyone can afford that luxury and there are measures that one can take to secure their home that won’t cost an arm or a leg; but it is better to spend a great amount financially rather than literally lose an arm or a leg.According to Age Patana - the Monitoring Center Manager of Shoreline Technologies, “The majority of break ins in PNG happen when occupants are not home.” The same sentiments are shared by individual security guards spoken to from 4 different security firms in PNG.This is both good and worrying news, this means that burglars will observe your family’s routines for a while to see when a good opportunity presents itself, the good news is that you can take these 10 measures to ensure that you deter opportunists and increase your home security.1. LuksaveIn Papua New Guinea - ‘luksave’ is more powerful and efficient than the most advanced security system in the world. Literally translated the phrase is luk = see save = know. When faced with any difficulty, someone that has shown ‘luksave’ to those in their locality will always be given assistance. Luksave is gained by acknowledging and greeting those you meet on a regular basis; it is shown when one acknowledges that they know and share an allegiance with you. The security guards that take care of your office or residential premises, the street seller, the market mama, the boys that always hang out at the car park and those that live on your street - these individuals that form your daily scenery are your strongest form of security. These individuals and will either come to your aid or simply look on depending on how much luksave you have shown, so it does pay to be cordial or pleasant to everybody that forms your daily backdrop. Papua New Guineans are extremely loyal and showing luksave is one sure way to gain our loyalty and greatly improve your security situation.Faces at Gerehu, NCD | Source: Commonswikimedia2. Ensure your yard is adequately litOne way to increase your security without breaking the bank is by installing clear lighting. Contrary to popular belief research conducted in the UK and America show that flood lights installed in yards increase the number of burglaries instead of deterring because most times they allow the robber to have clearer visibility of their target while occupants are either sleeping or are away. Instead of constant, glaring lights all over a yard - it is better to install clear lights in strategic places, positioned in such a way that will increase your visibility. Think about dark zones, think about places where your fence is easier to climb, think about poorly lit exterior doors - map these risks and install strategically. Motion sensors that will switch lights on when movement is detected are the most effective form of lighting according to research conducted, it is worth your money to have those sensors installed. There are security firms that also provide the option of having an audible or inaudible alarm triggered when motion is detected. 3. Out of sight does not mean out of mindFences and methods of increasing privacy can make the wrong kind of people more curious about what is in your yard, try not completely conceal your yard and give burglars less to be curious about. Try to keep those hibiscus and ixora hedges low, especially around doors and ground level windows. 4. Try to keep your valuables concealedWhile making your yard easy to view, the opposite should be happening for inside your house. Try to position flat screens and laptops in a way that they cannot be seen from outside your windows. If this unavoidable ensure that your curtains are shut at all times. After you buy expensive appliances (eg. a flat screen) do not leave the box lying in places where everyone can see it, either burn the box or put it out of sight. If you have a brand new car, ALWAYS be vigilant when you are driving no matter where you are or who you are with. There are many instances where people have had their vehicles stolen after being followed for more than an hour.Dogs at the RSPCA PNG | Source: RSPCA PNG5. Get a dogMost people seem to think that only Rottweilers and German Shepherds make really good guard dogs - news flash! The average mix-breed PNG dogs bite just as hard and bark just as loud. Get two or more dogs, but remember that they need care. To avoid dogs getting sick and bringing sickness to your family have them dewormed, treated for fleas and to avoid an overpopulation have them desexed - all these services are provided by the RSPCA for a small fee. 6. Put up a fence and plant a thorny plantA security fence is always good as a deterrent.  Just inside your fence you can nurture a Bougainvillea, thorny rose or any other thorny plant that will make jumping your fence a painful thought. It is relatively simple to grow Bougainvillea, you get a cutting and put it about 30cm deep into soil and water it regularly. You can also line the top bar of your fences with a grouting or thin cement and embed jagged pieces of broken glass or weld sharp metal pins onto your fence. 7. Engage a security firm to guard your premisesYou will notice that almost all residential compounds in PNG provide guards that patrol grounds and man gates. This is a cost effective way to secure your home, as there are hundreds of security firms. It is vital that you screen the security firm and the guards provided, by insisting that all guards have police clearance and a current medical report. If you come across any issues, do not hesitate to engage another firm.8. Install a home security systemAt the end of the day you want to just relax when you are at home, you don’t want to be worrying about why the dogs are barking or looking out your windows every now and then. PNG  is at a stage where there are many highly advanced security systems that can be monitored and controlled by an app on your mobile phone or laptop. These security systems have a vast choice of triggers that will alert a security company (with 24/7 rapid response) of your choice, the police and whoever else you want to be alerted. For your peace of mind you can talk to a professional firm who can give you advice and cater a security system to your requirements. 9. Get your home, its contents and your car insuredIf you know that you will be able to repair or replace your belongings, your house and your car then you will have a greater peace of mind when going about your daily business. There are different insurance products available that can be catered for your needs. You can get more information on what measures you need to take to be fully insured by Clicking Here and contacting Trans Pacific Assurance Limited. 10. Use common senseIf you feel uncomfortable upon noticing a car following you do not drive home - instead contact your security service provider and drive to a bank or the closest police station as these locations have many security personnel. Pay attention to who and what is happening around you. If you are going to be leaving your home empty overnight, make sure that all the external doors and windows are locked or shut and leave the lights on in the living room, kitchen if possible leave the tv or radio on to make it seem as if someone is home. If you are going to be gone for more than a night get someone you trust to house sit. Click on the link Here that will give you the landline to all police stations in PNG. It is wise to get a reliable mobile number from your local police station in case of any emergency.At the end of the day your best security is your neighbours, make sure you maintain good neighbourly relationships and they will be the ones that will help you monitor who and what is going on on your street, they will be able to help you identify suspicious people or vehicles on your street and if there is anything out of the ordinary happening on your premises, your neighbours will feel obliged to let you know.For more information on home security measures or other property related information you can Subscribe to our Weekly Newsletter.
Introducing the 2018 Hausples Lae Show
Introducing the 2018 Hausples Lae Show
June 15, 2022, 1:58 a.m.
News
Events & Announcements
Are you based in Momase, or the Highlands or Islands region and are in the process of building, renovating or purchasing your dream property?Have you got questions that you want an expert to answer? Picture a room with experts that can answer your technical, financial and practical questions in more accessible Lae City. The 2018 Hausples Lae Show will be that and more for you!Traditionally the focus of the property industry centers around the nation’s capital, however, Lae is undoubtedly the commercial and industrial hub of PNG and Hausples is eager to increase its presence throughout the provinces. The Hausples.com.pg Lae show will be hosted at the Sir Ignatius Kilage Stadium on Friday the 2nd and Saturday the 3rd of November, from 10am to 4pm. Sir Ignatius Kilage Stadium from the Lae Yacht Club | Source: RainyLaeThe Lae Show is set to be as spectacular an event as its precursors in Port Moresby which were deemed a huge success by over 10,000 Papua New Guineans and expatriates who visited the shows; the same sentiments were shared by the 80 plus booth holders that showcased their products and services in the previous shows.What to expect as a visitor?The show provides the perfect opportunity to meet all of the stakeholders in the property industry under one roof and walk out armed with ALL of the information you need to buy, rent, renovate etc a property. In fact this is the ONLY place where you will have free access to relevant, accurate information and make comparisons on prices and options available in PNG - under one roof!You can also expect to listen to practical advice from industry experts and witness interactive displays, receive brochures/pamphlets and of course the chance to talk face to face with a representative from a leading firm. Do not miss out! Click Here to register to attend.What to expect as exhibitor?The opportunities are endless! Make contact with your target audience the home buyers and make an impact; get provisional contracts signed; build your network - all in only two days in secure and convenient location!The show held in June provided finance and insurance providers, property developers, home builders and real estate agencies infinite traffic from individuals and corporate clients. These companies greatly increased the visibility of their products and services with 78% of the total attendees making inquiries leading to more business. Several agencies experienced client walk-ins  that resulted in provisional agreements signed! The Hausples Lae show will provide an avenue for you in the industry with business headquarters in the Momase, Highlands and Niugini Islands region to solidify your position and showcase your product and services as imaginatively as you dare - in the faces of THOUSANDS of home and investment searchers. Make it your mission to have a huge presence at the Lae Show and make your mark in PNG real estate industry!Take advantage of this opportunity Register Here as an exhibitor or you can Register Here as an attendee to attend the Hausples.com.pg Lae Show.
PNG's first ever home loan show
PNG's first ever home loan show
June 15, 2022, 1:58 a.m.
News
Home Loans & Insurance
Events & Announcements
So you have identified what property you want to purchase or you have plans for your existing property to make it more livable and/or profitable and you are itching to get your project going but you are not sure what your options are in terms of financing? Perhaps you already have a floor plan, or you already own property and have been planning to meet with a loans officer at your bank to see what options are available? Is your biggest challenge your hectic schedule with work, getting offspring to daily activities, shopping and attending to those endless family obligations?If this has been your set-back to getting your dream home financed - Hausples.com.pg has the perfect opportunity for you!  Envision yourself surrounded by representatives, brochures and audio visual presentations from the prime banks in PNG - in air conditioned elegance that only the Stanley Hotel can offer.Hausples presents to you the first ever PNG Home Loan Show! An exclusive ONE DAY only, seminar-based event that will be hosted at the prestigious Stanley Hotel & Suites in October 2018.Do not miss this unique opportunity to talk to the most reputable banks in one room to find out what options you have available for you to finance your dream home, or your prized development and get provisionally approved loans on the same day.This event is an exclusive invitation only event so it is vital that you Register your interest Here. You can also  Subscribe to our Newsletter for further information on events and to find what rental and purchase prospects are available on Hausples.com.pg.
How to get your property noticed
How to get your property noticed
June 15, 2022, 1:58 a.m.
News
Advice
Many of us take out a loan, invest a significant amount of time and money to getting our property perfect for making a solid income. We know that once the loan is paid off by the monthly rentals, the income that the property generates will be the ticket to larger projects and bigger balances. The majority of property owners seek the services of a reputable real estate agency to sell their property, others will seek out potential tenants through their private networks and thousands more will decide to market their property on hausples.com.pg.The common thought is - that to sell a property you simply take clear pictures of the yard, the living room, kitchen, bathroom, toilet and advertise the features and the cost per week or month. Sometimes listings are there for months without a concrete lead and the vacancy continues for digging a bigger hole in your pocket repaying that loan.To avoid a prolonged vacancy period and to get that price you desire, you must make your property not only as attractive as possible but there is certain information that tenants want to see straight away to convince them that your property is the best value for their money. Here are 5 tips to making sure you get your property noticed as soon as you list.1. Pictures SellThere are many things that you could say about your property to make it sound like the dream house or unit but if you don’t have the pictures to show people what you’re boasting about - you are wasting your words and time. You should have at least 10 clear, high resolution images of your property showing the bathroom/s, kitchen and living area, the rooms, any featured room (eg. Laundry area, study or library, entertainment room etc), the properties best front and back yard views. Images should be less than 150kb so that they don’t load too slowly on our PNG networks. 2. Details matterOne thing that makes searching for an ideal place to buy or rent more frustrating is when you only have half of the information you need in order to make your decision! To make your property stand out - give as much information as possible about it. In your description you should ensure that all spelling and grammar is correct, then you must make clear:a) The layout of the property (square meters, number of rooms, bathrooms, toilets etc)b) Name of the suburb and street the property is located on - Hausples offers a google map that you can pinpoint your property on.c) Describe all amenities (fully furnished with white and brown goods, backup electricity & water, aircon, pool, bbq area, gym, tennis court, bar etc), names of nearby schools or shops or any other feature that makes the area enticingd) Clearly describe any recent improvementse) If you have recently renovated the bathroom or have had the kitchen retiled etc it is eye catching to have this mentioned along with a photograph 3. Describe security statusPeople that are new to the area and especially expatriates want to know how safe the neighborhood is, make sure that state what security features you provide on your property, what security features are in the vicinity of the property and generally describe the neighbourhood clearly.4. State the costs clearlyAt Hausples we display rentals at per week price, to make sure you get the quality of tenants you want you should list the weekly rental, the bond required and how much (if any) is refundable. If there are any other further costs let your potential tenants know when they inquire.5. Make rules clearTo avoid any issues between you and your tenant it is really good to make clear any restrictions you put on your property. If you do not allow alcohol or pets or in the PNG context betelnut - make sure potential tenants are aware from the startThe above tips will help you get your property noticed and bring in more inquiries so you will get that tenant renting at the price you want or that buyer purchasing at the price you desire. It is also extremely vital that you protect your investment and have your property and its contents valued by a registered valuer and insured by a quality insurance firm. If you would like to make queries on getting your rental property and its contents insured you can Click Here to get in touch with Trans Pacific Assurance Limited.For more tips on how to market your property or to find out what is on the market currently, you can Subscribe to our Newsletter Here or email [email protected]
Koki Bay City
Investment opportunities in Papua New Guinea at Koki Bay City
June 16, 2022, 5:28 a.m.
News
Advice
Finding a sound investment opportunity can be like finding a needle in a haystack, especially if you have only a vague idea of where the haystack is located; of course if one had a magnet, this would solve the problem in mere seconds.Today let Hausples be that magnet for you. There is an investment opportunity that would be perfect for you that is looking to set up your business’s office, showroom or retail outlet in a strategic area in Papua New Guinea. This area always has a ridiculous amount of foot traffic, is less than 5 minutes drive from the capital city's CBD, is also five minutes drive from ALL the commercial banks that operate in PNG and this investment property is located on the shoulder of an arterial road making suburb hopping a piece of cake.Koki has always been a bustling area in Port Moresby. Since the early 70s it has had a busy waterfront with locals and expatriates congregating the area because of the quality vegetable, fruit and seafood market. Today Koki boasts Port Moresby’s only seafood and fish market, an outlet of PNG’s most popular chicken and chips chain, several government and non-governmental organizations offices, service stations, banks, a police station and many monuments that add an aesthetic allure to the seaside drive. Koki is also a major shopping hub because it provides a last shop-stop in town for many Motuan villagers. Pictured above is Port Moresby's only fresh seafood market Koki Fish Market | Source: JolygramWhich brings us to Koki Bay City. Port Moresby’s latest investment opportunity. Pictured below is the property with units that are up for rent at K20,000+GST per month (AUD$6,918.00)  or purchase for K2,250,000 (AUD$778,275.00). Koki Bay City is in an ideal location along the Hubert Murray Highway which flows into the Poreporena Freeway making it easy for one to get in and out to another suburb in minutes. There is extensive security, with 24 hours security services provided along with security windows and the compound is securely fenced. The 300sqm units are split over two levels, they come equipped with their own kitchen and bathroom facilities including steady air conditioning. The Koki Bay City compound provides ample and secure parking for tenants and customers alike and of course to ensure the smooth flow of business, back up electricity and water is provided. Koki Bay City - ideal location, ideal set up and perfect investment opportunity.If you would like to more information on Koki Bay City or other investment opportunities in PNG, you can Subscribe to our monthly newsletter or you can email [email protected]. If you would like to see what properties there are for residential purposes in this same area you can click Here.