Area guide

Town

Port Moresby, NCD

7 homes are for sale here, too few of them priced for us to publish a typical figure. Renting runs K3,500 a week.

Median asking price
Not published
Needs 30 priced listings; 7 here
 
Median asking rent
K3,500 /wk
Middle half K2k to K5k
+40% vs NCD
Price per m²
Not published
Needs 30 homes stating a floor area
 
Gross yield
Not published
Needs 30 priced listings on both sides
 

Where it sits

Town against the other sangkats of Port Moresby

Every figure below is measured the same way, at the same moment, for all 25 of them. That is the only thing that makes a number like this mean anything.

Your money here

What a budget actually reaches in Town

Drag the figure. The bars are the homes listed in Town right now, grouped by what they ask.

Only 7 listed in Town. That is below the 30 this page needs before it will draw a distribution, so there is nothing here to slide along.

Compared

Town against the other sangkats of Port Moresby

Two counts cannot tell you which one to live in. Tap a heading to re-rank.

Korobosea1413
8 mile1213
Gerehu105
Touaguba Hill920
2 Mile88
9 Mile80
Boroko846K1,800
Town781K3,500
7 mile619
Ela Beach631K3,650
Gabutu60
Tokarara67
Gordons520
Hohola513
Konedobu58
Boroko East49
Other40
Waigani415
Malolo Estate30
Napa Napa30
5 mile019
6 Mile06
Gordons 508
Islander Village05
Paga Hill012

A dash is not a zero. A median needs 30 priced listings behind it and a yield needs 30 on each side; 25 of these fall under that on at least one measure, so those figures are withheld rather than printed off a handful of homes.

Straight questions

The questions people ask about Town

Answered from the listings themselves, and recomputed every morning.

How much is rent in Town?

The typical asking rent is K3,500 a month, out of 80 rentals listed. The middle half ask between K2,200 and K5,000.

What kind of property is for sale in Town?

Mostly apartment, house, block of units / townhouse. Of the 7 homes for sale, 3 are listed as apartment.

Living here

What Town is actually like

"Downtown" Port Moresby, situated between Paga Hill and Touaguba Hill; emerged towards the mid 1900s as a trade centre. With it's evergrowing skyline, this area has been long considered the CBD of Port Moresby with embassies, businesses and banks establishing their presence along Musgrave Street and Port Road. 

Nowadays, Port Moresby is expanding towards the suburbs of Waigani and Gordon, being more centrally located with plenty of potential to expand. However downtown Port Moresby continues to offer prime commercial space with new developments inclusive of the Harbourside Precinct and Noble Centre, offering waterfront views and quality office and retail spaces to cater for the formal market of Port Moresby. 

Being located close to the upmarket residential suburbs areas along Touaguba Hill and Paga Hill, Downtown Port Moresby offers some of the best restaurants and cafes with waterfront cafe's or hotel restaurants looking over Ela Beach. 

Population

The population of Downtown Port Moresby mostly consists of the formal market since the migration of the ports to Motukea. With offices, restaurants, cafe's and upmarket residential apartments surrounding the hill sides, the suburb offers a great balance between work and play with the main beach just a short walk down the hill and the popular ring road track, perfect for the evening run after leaving the office desk for the day. 

Shopping

You can find various shops in Downtown Port Moresby with the long established Steamships Plaza offering food courts, gift shops and cafe's in a central location. With the new Harbourside South expected to be completed in 2022, we will see new shopping centres at the end of Musgrave Street, complementing the retail spaces offered on the 8 floor of the Noble Centre

Nightlife

With new developments happening around the CBD, you can find underground nightclubs such as Club Illusions or Oktagon, sophisticated bars at Grand Papua and Crown Hotel, or open end restaurants and bars looking over Fairfax Harbour. 

Port Terrance is a newly established upscale restaurant with live music and a large balcony looking over Fairfax Harbour. Located next to the Delloite Tower, workers can wind down into the evening enjoying the sunset from a high point of Downtown.  

Club Illusions offers a closed-in nightclub within Steamships Plaza, with modern day music that attracts the younger crowds. 

Harbourside Precinct located along the waterfront offers open air restaurants and bars including Japanese, Indian, Asian and Western cuisine in one area. Alibis is a new comer to the precinct, with a range of local and imported steaks. Enzo's Pizzas are open into the evening if you're looking to indulge into a large pizza and milkshake. 

Every word above is already written, and already on the site.

From here

On the market in Town right now

11 to 1rentals outnumber homes for sale. Town is a landlord’s market before it is a buyer’s one.
6listings can be walked through on video before you visit in person.
1 of 7homes for sale state a floor area, which is what makes a price per square metre a real division.

Straight answers

What these figures are, and what we will not print

Where these figures come from, and where they stop.

Asking, not sold

Every price here is what a seller or landlord advertises on this site today. Cambodia publishes no register of transaction prices, so nobody can honestly print what homes actually sold for.

Why there is no price chart

Our historical figures are not measured consistently enough to compare one year with another, so we would rather show no trend line than a misleading one.

Small samples are withheld

A median needs 30 priced listings behind it, and a yield needs 30 on each side. Below that the figure is a dash. A dash is an admission; a number would be a claim.

Per square metre is computed

Price divided by floor area, every time, over the homes that state one. The per-square-metre figure agents type into the listing form is never used here.

These counts match the search

Every count is what the search results page returns for the same area, because it is the same query.

Written by people

The sections under "Living here" were researched, written and photographed for this site. Nothing on this page is generated prose.