Papua New Guinea’s property market has been turbulent since the LNG boom just a few short years ago. Whilst this is often regarded as doom and gloom in many countries, there is a bright light at the end of tunnel for PNG. Firstly, the affordable housing shortage is being addressed, particularly by private sector and secondly, now is an excellent time to buy according to the latest “Hausples Sentiment Survey” indicating a general feeling for property prices to increase.
For this reason, Hausples.com.pg is hosting the first exhibition dedicated exclusively to Real Estate Industry: ‘The Hausples Show’. The show offers agents, developers and those related to the property industry, the chance to exhibit to a large local and international audience of buyers, renters and investors.
The event is free for the public to attend and Hausples expects thousands of visitors over the two-day event, which is to be held at the Sir John Guise Indoor Arena in Waigani (opposite Vision City). There will be over thirty booths, with leading agents and property developers showcasing their latest offerings. These include Edai Town, Kennedy Estate, Northlakes, Rhode’s Napa Napa and PBF’s new development in Bomana and Zenith’s Duran Farm.
The show will also contain a broad range of exhibitors related to real estate, making it a one stop shop for property hunters. Exhibitors include finance companies, insurance, pay TV, internet providers, kit home providers and many more. Leading PNG companies supporting and attending include ClickTV, Bank of South Pacific, Transpacific Assurance, whilst exhibitors include Nambawan Super, Advantage PNG, Akzo Nobel, Lightspeed Internet, PNG Forestry Products and more.
Attendees will also have the chance to learn real estate industry trends, tips and tricks from a range of expert speakers during seminars running throughout the two days. Seminar topics include 2017 / 2018 real estate market predictions, navigating the purchase of a property from a legal and accounting perspective, and how to negotiate the best finance on a property purchase.
Tom Snelling, the General Manager of Hausples, says:
“Hausples.com.pg is incredibly excited to bring the whole of the PNG real estate industry under one roof. For the first time, the buying and renting public will be able to conveniently explore the full range of property options available in PNG, plus learn critical insights into the future of PNG’s real estate sector from leading authorities.
Based on the 2017 PNG Real Estate Sentiment Survey, we know that the majority of Papua New Guineans and expats believe the PNG real estate market will grow quickly over the coming years. In fact, of the 2,000+ people we surveyed, most believe that now is a good time to buy or rent and more than 50% of people intend to purchase over the next 12 months. This pent up demand gives us confidence that the show will be a huge success and we have already received thousands of free registrations.”
Then he added:
“Due to the strong demand have chosen the Sir John Guise Indoor Arena as an ideal location with easy access and ample parking. We are also providing free wifi Internet thanks to our friends at Lightspeed Internet and a range of fantastic lucky door prizes including a TV production and airtime package from PNG TV worth over K10,000.
I encourage all those who are thinking of attending to register today”
To reserve a booth to exhibit your services at the 2017 or 2018 PNG Real Estate show please contact Hausples at: oper[email protected]