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How much do we really know about PNG’s Real Estate Market?
How much do we really know about PNG’s Real Estate Market?
June 14, 2022, 12:10 a.m.
News
Events & Announcements
In 2014, Papua New Guinea’s real estate market was on the brink of an ambitious result. The year witnessed the initiation of the LNG Project to which the property industry was at the forefront of a bright future. However, from 2015 onwards, homeowners who had bought at the height of a bloated real estate market found themselves underwater with their loans riding high. Owing more than what their homes were worth on the market, during the turn of events, these risky loans partnered with negative equity to cause an upset between investors and banks in every manner possible. Today, it’s a completely different story altogether. The gradual move towards a healthy property market, far outweigh the events that immediately followed the LNG projects.With the current boom in high-rise buildings, luxury apartments and commercial suites, the scene in Port Moresby has transformed beyond recognition. However the nagging question. However the nagging question that has a habit of popping up from time to time is: how has this change in the property market helped the average Papua New Guinean? This question and more like, do we really know what needs to be built? With a land tenure system that limits land availability, demand surefire answers that bring about “real change”, as well as asking, should developers focus on apartment blocks or should we review our leasing system, in order to spread our wings across PNG’s ample landmass?This is where having an in-depth understanding of the real estate market is critical. Because of the fact that real estate markets are usually unpredictable, you can only project as much. Factors such as home prices, interest rates, and market trends evolve on a daily basis, so a good grasp of these drawbacks and cascades can help you become a better investor in the long run. For three years now, Hausples has been running sentiment surveys to get a better understanding of the wants and needs of home buyers across the country. We know, for example, that only 4% of respondents would actually want to buy an apartment.High-set (stilted) properties are in great demand, however, with 44% stating this as a first preference. Interestingly, demand for land sales are also increasing, suggesting a trend towards erecting prefabricated and kit-homes as a way of keeping costs down.And in terms of location,with respect to the outer suburbs of Port Moresby such as 8-Mile, 9-Mile, and what have you, are becoming highly popular areas of interest, perhaps due to more affordable, land prices and improved road conditions.Less surprisingly, the desire for property prices below K400,000 made up nearly 60% of all respondents; a slight decrease on previous years, yet again, proving that affordable housing remains high on the agenda.Also worthy of note, trends in property prices, new housing statistics, interest rates, plus other economic indicators pose external influences as well on real estate markets. Conversely, being tuned-in to the real estate market - not just what’s happening nationwide - is important when you’re planning to invest in, buy, sell, or rent real estate. This is why the moods and sentiments of prospective buyers and sellers cannot be ignored, because real estate does not exist in a vacuum.The 2020 Real Estate Survey is YOUR opportunity to have your say in PNG’s property market. Whilst we can’t promise that changes are on the horizon, we can, however, convey the information to government departments, real estate professionals, investors and developers. From how much you are willing to pay for your next home, to what type of materials you would like your home to be made of, to your dream land size, are just some of the survey questions that produce concrete insights on the type of background and mindset participating in the survey.Better yet, your answers will help the next generation of home builders and planners in ensuring that housing developments in the future are built around your requirements. In other words, building properties with you in mind. You will also come across questions regarding finance, commercial properties and changes within the industry, which can help to determine what actually influences your preferred choices. All answers will be held in the strictest of confidence.  REASONS TO TAKE PART IN THE SURVEYReceive the latest information on PNG’s real estate marketHave your say in the property marketWin a phone
Understanding Equity - What it means and the factors that affect its worth
Understanding Equity - What it means and the factors that affect its worth
June 14, 2022, 12:10 a.m.
News
Advice
Trees are perennial in nature, and commonly grow into very broad stems or trunks that support a system of branches and leaves. Metaphorically, the overall composition of trees have been used to describe the origins, structures and functions of various ideas and establishments.And Equity can be understood better in this way. A virtuous system of intricate subsidiaries, each having a slightly different reference and application.  Although this article only looks at the general makeup of equity, its conforming subsidiaries may become articles of their own such as owner’s equity, negative equity, stock equity and so forth, in due course. What is equity?The following example illustrates the relevance of equity in a real estate setting:Imagine you purchased a house for K500,000, made a 10% down payment (10% of K500,000 = K50,000) and got a loan to cover the remaining K450,000. In this illustration, your equity is 10% of the property’s value, which is K50,000 (10% of K500,000). The property is valued at K500,000 and you contributed K50,000 (or 10% of the purchase price). Technically, in spite of you being the rightful owner of the property, at this stage, you own only K50,000 worth of it, hence, your equityIn retrospect, the reality in this case is that equity represents your down payment (i.e., investment). Once you establish this understanding, calculating equity becomes easier, just like knowing the back of your hands. To calculate your equity, you simply subtract the principal loan amount (K450,000) from the original price of the property (K500,000). In other words, the resulting amount will always equate to your down payment or investment, which is also known as your equity.  Building equityReal estate investors, sometimes, set forth additional renovations to the property, apart from the loan and down payment. This increases the worth of the equity which, like a ripple effect, increases the value of the property. For example, if you were to invest K10,000 of your own money into renovations, this may well increase the value of your property by, say, K20,000. Therefore, your property is now worth K520,000, your loan remains consistent at K450,000 and the equity is now K70,000 (an additional K20,000)It is sometimes possible to borrow from your equity, or a re-mortgage, but the drawback is your equity will decrease, while your loan increases.On the whole, there are other factors as well, besides renovations and home improvements that affect the nature of equity, for better or for worse. Factors exacting an increase on equityEquity is not a fixed amount that you can easily settle for. Instead, it is fluid in nature, so it’s easily affected by financial situations. To increase the value of your equity, you can do either of the following. But then again, it all comes down to your financial situation: (i) Loan repaymentEvery time you offset a mortgage installment, your equity in the house accumulates. This will also encapsulate any tax or insurance payments you offset on behalf of the property. Better yet, the more committed you’re in paying off your loan and parallel liabilities, the more your equity grows.  (ii) Pay more than you need toSay your loan repayment is at a rate of K700 a month. But due to a favorable financial situation on your part, you are able to pay K850 per month, instead. So, paying extra in offsetting your loan is an effective way of quickly reducing your loan principal and, in turn, building your equity. (iii) Cash injectionsBusiness wise, cash injection literally means pumping money, stock or debt into a business, in return for a share in the business. In real estate, this will entirely concern your equity and its growth.Capital injections, as contributions from your family, friends or colleagues into increasing the value of your property also improves the status of your equity. (iv) DIY home improvement projectsJust like being up-to-date with your mortgage repayments, every time you perform a DIY improvement on your home, your equity increases.The reason being, improvements or renovations usually lead to forced appreciation in the fair market value of the property. (v) Property appreciationOne of the economical aspects of a property is that it appreciates in value. Thus, once your investment property appreciates, it plays to your tunes. This means that as the value of your property appreciates, so does your equity. Here’s an illustration:Noel buys a house at a fair market value of K500,000. His down payment was K50,000. The rest was paid for by the loan at a cost of K450,000. 8 years down, Noel decides to sell his property. He finds that his property is currently worth K650,000. Because of this appreciation, his equity is now worth K200,000 (down payment + appreciation value), including additional costs you’ve paid for the loan during the 8 years. Supposedly, say Noel has paid back K30,000 during the past 8 years. His equity would equate to: His initial down payment (K50,000) + the appreciation value (K150,000) + the amount of the loan already paid (K30,000). Furthermore, regardless of the factors that feed the growth of your equity, it is difficult to determine how much your equity is really worth, until you decide to sell your property, and also having a realtor appraise it.  Factors effecting a decrease in equityA coin has two sides. A story has two sides. Life is all about good and bad, and as there are factors that help equity increase, there are also factors that lessen its growth.Consequently, here are four major factors that cause equity to decline: (i) Loan refinancingAlthough taking out a new loan to pay off an outstanding loan may seem clever at some point, the process has negative implications on your equity written all over, because you’ll be putting up your equity as guarantee for the new loan. (ii) A crash in real estate market valueThe value of your property is vulnerable to changes in the real estate market. If the market experiences a crash at any point in time, it automatically becomes hazardous to your equity as well as your property’s value.Let’s use the previous example to demonstrate this scenario (where Noel bought the property for K500,000 with a down payment of K50,000). Picture this, the market crashed, so the value of Noel’s property is now worth a mere K390,000 (K500,000 - K110,000). Despite his K50,000 in equity, the property’s value decreased by K110,000. Nonetheless, Noel still wants to sell the property, because of his loan outstanding. Instead, of being patient, he goes ahead with the sale. In the end, he’s found himself in a ‘negative equity’ position, because of the fact that his property’s value has fallen way below the outstanding balance on the mortgage, which is -K40,000 (K390,000 - K450,000).A perfect illustration of negative equity at work was the height of the LNG project, back in 2014, where Port Moresby witnessed a huge influx of overseas workers who needed to be accommodated. During that time, the demand for housing was at an all time high than the supply. The immediate impact was a mounting pressure on both the rental and sales markets, causing a significant increase in property values. Unfortunately, this boom was short lived and anyone who had bought a house during that period succumbed to the wrath of negative equity in the years that followed, when they decided to sell their property, as demonstrated by Noel’s example. However, It’s not all doom and gloom. Whilst property value can go up  and down over a short period of time, the general consensus is that a property’s value will generally increase in the long term; hence the phrase, “safe as houses”. (iii) Damages to the propertyDamages to your property, including by natural disasters and pests, can directly affect your equity, because of the costs you will encumber in fixing them. Unless your property’s insured, you’re bound to spend money on the damages.  (iv) Neglecting maintenanceIgnoring the need for maintenance on your property will play against you. Neglected maintenance is costly and negatively affects your equity. However, the opposite is true in that it helps build your equity. ConclusionAt the end of the day, the privilege of equity rising is that you have a number of options to use the surplus cash that’s generated. Additionally, once the loan is settled in full, you will  be entrusted with the deeds, and the property becomes truly yours. And of particular importance, note that the only way you can know how much your equity is truly worth is when you decide to sell the house.
WHAT IS SWEAT EQUITY? Find out what it is and how it works
WHAT IS SWEAT EQUITY? Find out what it is and how it works
June 14, 2022, 12:57 a.m.
News
Advice
Sweat equity is a term used to describe an individual’s or a group’s contribution to a project through the means of physical labor. Sweat equity is all about individual effort and initiative, and has a respectful place in the business world, too. Take, for instance, a new air conditioning repair and installation company. The owners will pitch in their own effort and toil to build the business from the ground up. In similar circumstances, a property under DIY improvements to increase its value by the owners themselves, make up the definition of sweat equity.So, the sweat that drips down your forehead. A sore arm. The prickling of sun rays on your skin, are all part of kick-starting the operations of a business or increasing the value of a property through DIY improvements, collectively summing up what a ‘sweat equity’ is. But before we stretch this concept, let’s consider first its origin, present-day application, and what “equity”, on its own, means: OriginSweat equity was first conceptualized in the United States in 1937, by a housing project called American Friends Service Committee. But it was not until the 1950s when the same organization (AFSC) popularized the term during their quest to help migrant farmers of California build their own homes. From here on, the concept has reached worldwide status, creeping into every business startup and real estate jargons. Present-Day ApplicationSweat equity, however, is perhaps most synonymous with a successful model used by Habitat For Humanity, a global non-profit housing organization - which helps families who would otherwise be unable to purchase a home - contribute sweat equity hours to the construction of their own home.Once these families are settled in their new homes, they resort to making interest-free mortgage payments into a revolving fund, which in turn generates capital for building new homes for other families.As its history suggests, sweat equity was all about physical labor, zero hours, and property development. Financial contribution was either optional or out of the question.Still and all, many business startups of today have adopted the concept of sweat equity to define similar scenarios, such as a partner contributing to a project in the form of effort and toil, as opposed to capital equity. The Meaning Of EquityEquity, from a housing point of view, is how much of the property that one actually owns.  Imagine you own a house worth K200,000 and you owe K120,000 on the loan you took out to buy the house. The difference between the value of the house and what you currently owe on the loan is the equity, in this case it would be K80,000. So, equity is the difference between how much your property is worth and how much you still owe on the loan you took to buy the property in the beginning.That is equity for you. Now, let's move on to the crux of this article...Sweat Equity And Property DevelopmentNewton’s third law of motion states that “For every action, there’s an equal and opposite reaction”, and as dignified as it sounds, the statement can be generally felt throughout every aspect of life. An increase in equity in homes due to the impact of increasing property prices and a consistently strong real estate market, is no exception.As a habit, many people usually want their homes to increase in value, and in turn passionately generate a handsome return on investment (ROI), when the home goes up for sale or rent. This draws a number of conclusions relative to return on investments.For example, a well manicured lawn will take a fair amount of time and effort to perfect, and it will increase both the value of your home and the equity, without any financial input.Thus far, there are supplementary options available to homeowners when looking to increase the equity in their homes. Options such as completing your mortgage repayments on time and DIY home projects are equity boosters. This is where it gets interesting with the latter mostly possessing the crux of this article. Note: Not only does sweat equity resonate with homeowners engaged in home improvement projects. But also any business that sets out to improve the value of its entirety and location, which tends to  generate sweat equity as well. Nonetheless, the term is commonly applied in residential real estate, where DIY home projects thrive. Naturally, DIY home projects can actually add value to your property in the long run. As far as a rise in the value of the property and ROI are concerned, home improvement projects are virtues to live by.By choosing to put your handyman skills to work on simple DIY home projects, instead of external input, the chances of an increased equity in your home is inevitable. The Value Of Sweat EquityExpanding on the calculation of equity earlier, let’s determine how you can get the value of sweat equity, amongst all that, if you were to find yourself in such a situation. For example, say you decide to do some improvements to your house. A paint job here. A verandah extension there. You mow your lawn. You redo the gardens, and after a day or two, the house and the immediate landscape looks impressive and almost brand new. You did it all by yourself. Thanks to your sweat, you’ve improved the look of your property. But where does sweat equity fit in, you ask? Ok, let’s say the value of the improvements you did to the property is at K10,000. The property, on the other hand, is worth K200,000. After the improvements, the property is now worth K210,000 (value of the property before the improvements + value of the improvements), because you’ve just increased its value with the improvements. This increased value is your sweat equity. In other words, the value of sweat equity in all these is K10,000 (the value of the property after the improvements less the value of the property before the improvements).So the value of sweat equity is determined by the difference between the value of the property before the DIY improvements, and after the DIY improvements. However, your sweat equity is susceptible to changes that may result from an unsteady real estate market or the kind of DIY improvements to your home, or even the lack of it, which can influence the worth of the property, thus, a different value every time.Conversely, your sweat equity value (K10,000) in the given example, on the other hand, is also affected by the balance of the mortgage as you offset each installment. All in all, the value of a property can be improved by positive changes in the real estate market, and simple DIY home improvements - this is where sweat equity enters the equation.  Needless to say, home improvement projects are an ideal way to give your property a promising growth in value. So, the effort - or sweat - as your input into adding value to your property, is the very definition of sweat equity.
Factors Affecting Property Prices
Factors Affecting Property Prices
June 14, 2022, 12:58 a.m.
News
Advice
Conventionally, housing had a different shade of meaning and perspective. It was all about living spaces and roofs over heads. Nowadays, it’s a completely new ideology when it comes to housing. What was once perceived as a decent dwelling is now an item that shares similar characteristics to Lego toys - build according to instructions in the pamphlet or let your imagination take over.Where once you did not worry about zoning rights, now you are confronted with different personas with papers and ID cards in hand, breathing down your neck to ensure proper processes have been adhered to.Then there’s the issue of high property prices. (Image by Studio Workshop, Port Moresby) A recent article by post-courier titled “Port Moresby Becoming Too Expensive” (November 15, 2019), represents the plight of many whose concerns are laser-focused on affordable accommodation and the property law system in PNG.The article further explained that developers and homeowners shared similar sentiments, to which purchasing real estate qualified as a tricky business. Moreover, the view that property prices are quite high in Port Moresby than other major centers such as Lae and Madang, is common knowledge.Post Courier also cited the Hausples 2019 Real Estate Sentiment Survey to affirm this notion. In the survey, the newspaper gave particular emphasis to: Rent or own?“Comparing the proportion between renters and buyers indicate that the market in PNG is maturing. Seventy-one percent of those taking the survey said they are renting their property. While this is the majority, it is down from 74% last year and 76% in 2017.Ownership, on the other hand, rose hugely. Almost 16% said they owned a property in full. Nearly 13% said they owned with a mortgage, which is up from 10% last year.” Property type, location and budget“When asked what kind of property they wanted to rent, the majority, surprisingly,  said they would prefer an apartment, a significant increase compared to previous years.However, hi-set houses are by far the most desired properties to purchase, with nearly half of all respondents preferring this style of living.What is more, the desire for house rentals has dropped to just 40% against last two years' figures of 58%  From a location perspective, there was a big increase in demand for land outside of suburban Port Moresby. 8-Mile and 9-Mile saw the largest increase in location preferences, possibly due to cheaper land pricing and improved roads.” Affordability“Around 60% of respondents claimed that property is “very unaffordable” in PNG. A further 27% said property here is “moderately unaffordable”. These numbers are nearly identical to where they stood last year.” (Image by Century21 Siule Real Estate) In an attempt to address the issue, Post Courier noted that the PNG government rolled out affordable housing programs, including the First Home Ownership Scheme; with the aim of improving household’s access to housing, as well as sustaining their wellbeing.While this is currently true, Hausples went ahead with its own fact-finding in order to clearly explain a few factors that impact property prices. Let’s take a look at 9 of these factors: 1. Supply And DemandSupply and demand simply go hand-in-hand in influencing property prices. Prices go up when demands are high but the supply is low. The opposite is true. Ironically, in the real estate market, there’s rarely an equilibrium between supply and demand. So as far as affordable housing is concerned, not once has supply exceeded demand, which is why the prices tend to increase. 2. Economic GrowthWhen it comes to economic growth and the housing market, demand for housing is centered around income. A continuous growth of the economy results in a rise in income. This constitutes people’s ability to spend more on housing, in tend giving rise to demand and property prices. In England, for instance, demand for housing is often noted as income elastic (or a luxury good). In other words, an increase in income often leads to a substantial percentage of the income used on housing.  3. Consumer ConfidenceA determining factor in considering a mortgage to purchase a property is consumer confidence, in terms of whether or not people are able to take the risk of buying the property with a loan.Found under Finances in the 2019 Real Estate Survey, “over 80% of respondents in our survey said they would require a mortgage to finance their property purchase.”In reality, the overriding element here is the expectations toward the housing market - if consumers fear a drop in house prices, they will defer the buying process. 4. Location, Location, LocationA house located near a beach front, within a CBD or few minutes from major public transport tend to be priced higher.With the vastness of PNG as a whole, you will find that a majority of the well developed areas are in close proximity or within major CBDs.This is another contributing factor towards a price increase for a property. Naturally, people want to be close to shops, public transport, entertainment hubs and their places of work, and that’s when things start to get interesting. As the demand for more houses in these areas increase, so does the property prices. 5. SecurityAgain, in the 2019 Real Estate Show Survey, under 4.1 Affordability, you will see that security has a significant impact on property prices. It goes without saying that people who are in the market to buy new homes often spend much of their time immersed in the physical configuration and overall outlook of the property, that they give little to no attention to how safe the neighborhood is. In actual fact, the security element of a property shares equal importance with every aspect of the property that increases value, than just how good it looks on the outset. 6. Interest RatesAn increase in interest rates signals banks and financial institutions to increase the cost of loan repayment variables. High interest rates turn a home buying experience into a lost cause. A slight change in interest rates often has a drastic impact on whether or not buying a house is economical. Homeowners who bought the property on loan are familiar with this trend.  7. Cost Of Building MaterialsIn a recent study conducted by Associate Professor Eugene Ezebilo on the Dynamics of Housing Price In Port Moresby, cost of building materials was noted as one of the influential factors in increasing a property’s value. This may be due to costs associated with transportation and importation of these materials, consequently impacting the value of a property. That said, two points come to mind:Low Kina value - means higher costs associated with imported goodsLack of foreign exchange - means a company’s ability to make payments overseas is limited.  8. Additional ExpansionsThe extent to which a property is able to be expanded to allow for new inclusions is a key element in determining the value of a property. This is where the options of turning the property into a storeyed accommodation, or building additional bedrooms, or transforming the spacious front yard into a tucker shop. In other words, increasing a property’s floor area adds weight to the cost of a property. 9. Unique to Papua New GuineaAnother factor that drives up the pricing of housing in PNG is the additional resources required for a developing country. Power and water are often inconsistent and requires backup generators, water tanks and pumps; all expensive investments which require ongoing maintenance. Once more, security enters the scene here. A typical PNG home is surrounded by fencing, often decorated with razor wire, plus the provision of security guards which can push up rental prices by a factor of 3. The Bottomline“If someone is going down the wrong road, he doesn't need motivation to speed him up. What he needs is education to turn him around.”Jim Rohn Armed with the knowledge and understanding of how properties are priced and the reasons for it, gives investors a better position to make a sound and informed decision in their preparation to secure a new property on the market.For latest Real Estate news and updates, simply subscribe to our newsletter to receive regular subscriptions.
Reducing Waste Through Composting
Reducing Waste Through Composting
June 14, 2022, 12:58 a.m.
News
Advice
Every year, thousands of tons of garbage makes its way to landfill in Papua New Guinea. What’s more, much of the waste is compostable; meaning it can be recycled and used as a source of nutrition for your garden.Organics like food scraps and garden waste release methane into the atmosphere when thrown out as rubbish. Methane is a major greenhouse gas with a global warming potential of over 100 times greater than that of carbon dioxide. Composting is the process of converting organic materials into a soil-enriching substance known as compost. Through continuous awareness and education on the benefits of composting, methane emissions can be minimized to a greater extent. Like knowledge, an investment in composting pays the best interest.  Composting is not a complicated or mysterious process. Keeping a few basic rules in mind, even new gardeners can begin the process without much hassle. Fundamentally, composting can be carried out in a number of ways in any indoor or outdoor conditions.  To begin composting, you need four basic ingredients:Brown materials - these are organic materials such as dry leaves, shredded cardboard, egg shells, and corn cobs, etc., which are rich in carbon or carbohydratesGreen materials - includes materials such as vegetable scraps or peelings, fresh lawn grass, coffee grounds, etc., and are rich in nitrogen.Water - having the right amount of water improves compost development. Too much water is just as bad as lack of water.Air - most of the biology in the soil that helps to decompose the organic materials are aerobic; they need air to survive.A complete mixture of the four ingredients sets the stage for microorganisms to break down natural matter into much simpler materials. This activity achieves what is known as composting.The process of composting is only successful based on the present state of the environment within the composting system, i.e., oxygen, temperature, moisture, material disturbance, the size and activity of the microbial population, etc. Composting (or natural recycling) is a continuous process in the natural environment, with or without human interaction. The effectiveness of composting can be attributed to the microorganisms and invertebrates within the present condition of the soil. They digest and consume organic matter and in this way the activity helps the soil become very fertile. The high fertility of the soil is the result of the nutrients put back into the matter by the microorganisms. The process of composting is somewhat easy to conduct, and can be followed through in any outdoor or indoor setting, and in any relative location. Composting has the inherent ability to control most of the organic material in the waste stream including paper products, animal carcasses, leaves and yard wastes, animal manure, and is easily adaptable to a waste management plan. However, for domestic usage, cooked food and meat may attract rodents so it’s best to stick with kitchen and garden waste.Moreover, the benefits of composting are many such as enriching soil, drastically reducing methane emissions, and encouraging the production of beneficial microorganisms that balances the biology within a compost system. Composting is all about recycling. It is nature’s way of turning waste into reusable material. Bare in mind that what you consider as garbage is actually compostable, so make composting a habit - keep garbage from reaching landfills or dump sites, and help reduce methane emission.
Top 5 Commercial Properties in Port Moresby
Top 5 Commercial Properties in Port Moresby
June 14, 2022, 1:00 a.m.
News
Housing Projects
When it comes to company culture, there are many positive attributes that help define it. Most telling of all is the working space a company conducts its operations in. Ultimately, an office space goes as far as aiding company vision, driving success and effectively triggering brand awareness and positive image.At a minimum, a ‘one size fits all’ approach to office space design and layout is as old as the prehistoric age. These days, office spaces are tailored to a company’s specific requirements and goals. For companies having offices that seemed not to be ticking the right boxes with size, location, design, car parking, features and facilities, or layout, it’s a red flag. It’s time to either refurbish or relocate.From premium office space offerings with unconventional touches to flexible open floor plans, Hausples explores some of these properties, placing emphasis on what makes them different and how they can be employed to speak your personal or professional language. That being said, we begin with our favorite picks for the month of October: 1. 475sqm Of Blue Chip Company Office Spaces With Unconventional Designs Bringing Nature Into The WorkplaceA sturdy and enduring office trend currently reshaping the global workspace is the concept of reconnecting employees with nature. This is called biophilic design. It stems from the assertion that humans have an intuitive need to connect with nature, and the outcome of that connection points to better health, concentration, creativity, and workplace performance, further helping to improve both physical and psychological health, while revitalizing moods and reducing stress.The concept of bringing nature into the workplace or the equivalent of it, is synonymous throughout the multi-level blue chip office spaces at the highly acclaimed Noble Center. A demonstrable retail space on the ground floor incites the excitement the minute you walk in, while the mid-storey carpark visible outside will hold your attention to ransom. In a shifting location heavy with amenities within walking distances, your office days will never be the same.  Each workspace gives you an experiential touchstone that ticks off the seven concepts for a healthier building: Air, Water, Nourishment, Fitness, Comfort and Mind. Comprising open floor plans, picturesque ocean views and polished modern touches, the 475 square meters of individual blue chips with unconventional designs are not just about the space and quirky finishes. Employee health and well being are the name of the game here.  Things you’ll want to know:Generous and flexible office sizesExpanse ground floor retail areaFloor to ceiling windowsProfessional and collaborative environmentMulti-functional areas - dedicated or sharedSpotlessly clean kitchenSelf-serve amenitiesAs far as modern office space trends go, you’ll appreciate the minds behind this manifestation, that has a vocabulary dominated by executive class for every second word.Live the Experience. 2. Get A Whole Lot More Than Just Awesome Waterfront Views  Let Your Imagination Do The TalkingEvery office space at Koki Bay Commercial Center comes with the versatility to deliver the ultimate workspace. Whether it’s a cafe, a gym, a law firm, a fast-food outlet, or even a second-hand clothing shop, your imagination will have a big say in this space.Snuggled inside the Koki Bay Commercial Center, this lengthy 300m2 expanse of dual level workspaces are cleverly characterized by separate bathrooms, smooth tiled-floors and crisp floor to ceiling windows. As part of the property, it is further enhanced by an adaptable parking space and an impenetrable yard. The Koki Bay Commercial Center was completed by Kitogara Limited in 2018, and borders the new Koki Fish Market, the old Koki Market, main Koki bus stop and a Supermarket. Surrounded by a vibrant community that’s seasoned with magnificent waterfront views, you simply can’t pass by without at least being appreciative of this property’s position and business potential. If you’re thinking foot traffic because, alone, it accounts for most of your earnings, well how does a few thousands daily sounds to you? For retailers, it can account for most of their sales. For restaurants, salons, and other services, the visibility they get from a high-traffic location can easily become their number one advertising source - owing to the upgraded sidewalk servicing Healy Road that connects Koki, Ela Beach and downtown Port Moresby, plus the pot shots of age-old shops within walking distance. You’ll find a whole lot more than just waterfront views with this open, collaborative foundation conducive to your private or professional needs. If you’re after value for your money, this is your best bet. Details to note:300m2of versatilitySecurity windowsSecurity alarm systemFully air conditionedServiced propertyFlexible office plan  This quiet and roomy office accommodation has been designed to code and given the flexible floor plan, you can playfully leverage the space to your preferred office or business design.It’s all up for the knowing here. 3. K800 - K850 / sqm, Classic Office Spaces For Rent In A Location Packed With Potential Sky Above, Amenities Surround, Prosperity WithinGordons Business Center has many strengths, but the key aspect here is the ability to offer run-of-the-mill and fully serviced flexible workspaces. The property’s efforts to appreciate the significance of added benefits for employees and initiating the right impression for respective clients are evident in communal break out spaces such as an on-site fast food outlet, extensive secured parking space, and the presence of high profile tenants such as Air Niugini, Daltron, PNG Customs and PNG FM, that are driving strong demand from prospective investors.From K800 - K850 per square meter of high performing individual workspaces, your business is set to have a profound and exciting impact on the property market in Port Moresby, much less stimulate joint efforts and acumen among a talented workforce. The business center’s proximity to the Poreporena Freeway that feeds several roadways renders easy accessibility. Notwithstanding the imminent business opportunities all around, it’s no wonder this area is currently a sought after investment destination in Gordons - a place where routine is a foreign language; where the old is made new again; and where shaking the landscape is the only option to forging new paths. It’s an affordable way to enter the market. In any case, if you are after an unparalleled space to see your business grow or to add value to your investment portfolio, these bread and butter workspaces tick all the boxes, and will be on special offer until December 31st, 2019.Sounds like you? Let us know HERE.  4. K450 - K650 / sqm, Impressive Commercial & Industrial Opportunity In A Growing Landscape Stake Your Claim Newly developing landscapes have the tendency to roll out the red carpet for businesses operating in the area. In terms of providing extremely individualized and personalized services, you only get better at it than what you may experience in a CBD, with your competitors vying for the top spot. So if you’re thinking business in a countryside setting, this may well be your best deal.Along Baruni drive intercepting Boe Vagi is an unassuming enclosure of nine individual warehouses with a total footprint of 2430sqm. A typical scene but this is no ordinary enclosure and these are no ordinary warehouses.Reasonably priced and designed to meet a range of lifestyle, business and investment needs, this exciting launch presents 9 variably sized and impressive high clearance warehouses for sale or lease. Each prides itself with typical modern features for their ages, and are ready to work, play and reward. Dream up an accommodating business or imagine storage slots to rework into the warehouse, whatever the idea, invest in an emerging location. As the numbers add up, this is an opportune time to stake your claim in a growing landscape network for your business, lifestyle or investment needs before the property cycle rolls.The location offers immediate access to Baruni drive, intercepting Boe Vagi and linking up with the wharf and major arterial roads connecting Gerehu, Waigani, and downtown Port Moresby.  What you should know:Individual kitchenette and bathroom fittingsEasy access loading bay and substantial mezzanine levelEase of industrial and commercial cargo movement to and from the wharfEasily accessible to the CBDs and all other business hubs of Port Moresby3 dedicated parking spacesLarge-scale storage/workshop space to enhance a busy lifeEasy loading and delivery maneuverability Click HERE for more insights. 5.  Special: K6585 / Month - Textbook Open Floor Plans At Sumsuma Commercial Center, Cameron Road, Waigani Spacious Entertainer Ready To SubmitEvery so often an office space becomes available surpassing its peers to rewrite a new path filled with suspense. Introducing Sumsuma Commercial Center’s newly renovated office suites for rent. With immediate access to major shopping lots, business houses, public transport and Kina Bank’s Waigani branch along Cameron RD, Waigani, these quality office suites can meet both your personal and professional needs. Set apart by two separate office spaces and evenly tiled flooring that adds prominence to the fantastic views of the surrounding landscape, the layouts are uniquely planned to optimize comfort and efficiency throughout. Decent car parks and an unyielding 24/7 security service ensures a liveable experience.Whether it’s a storage system you imagine, or a 3 to 6 men office team, no matter how you employ them, these spacious entertainers are ready to submit to your specific requests.  Attributes:Common male/female bathroomClose proximity to major CBD - TE PNG, MRO, Daltron, KK Kingston, etcOpposite Boroko Motors, WaiganiFlexible floor plan - encourages collaboration and relaxationBackup water, power and secured car park Special pricing  For only K6585 per month, contact Strickland Real Estate for appointments.
An Event With A Twist
An Event With A Twist
June 14, 2022, 1:00 a.m.
News
Events & Announcements
There’s something smooth about visiting real estate shows - and watching experts piece together their equipment for the inquisitive mind, or discuss with prying interests what it is that makes them unique. Even more clever are the moments of reckoning conjured by the quick-draw mcgraws of the event: Crossroads Hotel offered a taste test of their very own avocado chicken sushi, parallel to their lucky draw promotion which included an accommodation for two with free breakfast, a pizza voucher and a cooler bag.Day two of the 2019 Lae Real Estate Show was as exciting as the day before but with a twist. Nothing spelt “twist” better than day two. Post courier had an array of caps, backpacks, water bottles with pouches and cooler bags on display. Their mascot gave everyone a smile through random photo taking and simply having fun.For budding ice cream lovers, Laga Industries kept them busy. Central Mamina, in close proximity, gave visitors a good run for their money with a tasty coffee experience for K5 a cup and a choice of donut or egg sandwich to complete the experience.  PNG Institute of Architects, in affiliation with Lae Biscuit Company, gave away biscuit-filled plastic bags to unsuspecting visitors to their booth, aside from their purposeful exhibitioning. In front, the PNGIA team displayed a model impression of Lae Biscuit Company’s Transient Employee Accommodation among a series of latest visions planned for Lae.    Niugini Electrical was another show-stopper with their unique range of solar powered equipment such as freezers and fridges. Those in remote villages were enthusiastic to know more about how these products function, as they imagined the odd connection between a solar powered equipment, family gathered around a warm fire, and a coleman lamp.  Security Systems even attracted the curious to their home and business security booth, displaying the gallagher monitoring perimeter fencing and a new generation of starlight cameras with improved light sensitivity, and other essential home security tools. Individual exhibitors, on the day, had much to discuss and elaborate on, in order to be fair to their visitors in knowledge and in understanding. While the show was on target with attendees getting a piece of the pie, other participants such as BSP, Eco Housing, PNG Forest Products, Nambawan Super, Atlas Steel, Hausples and MarketMeri had a piece of the recipe, instead. From home loans, to Trimdek for use on roof and external cladding, and all things property relevant, the exhibitors (named) had it all on sight and on paper.The 2019 Lae Real Estate Show happened in a manner that exceeded everyone’s expectations, with aroused interests, more sign ups, and sufficient brand exposure. Every attendee went home with a piece of mind, and that was the bottom line. It was a day of reckoning with a final hurdle to conquer in the coming weeks: exhibitors to convert genuine, potential leads into sales.
Day One of Lae Real Estate Show 2019 Ends On A Promising Note
Day One of Lae Real Estate Show 2019 Ends On A Promising Note
June 14, 2022, 1:00 a.m.
News
Events & Announcements
If there was a better theme in today’s Real Estate Show at Sir Ignatius Kilage Stadium in Lae, it would be Hausples’ impressive commitment to the Real Estate Industry in Lae and PNG’s most reliable and trusted online real estate portal. Nothing can compare to such dedicated focus, let alone the ability to pull it off.With the first day complete, the exhibitors are geared up for a busy Saturday. The 2019 Lae Real Estate Show took off smoothly with a healthy, and occasionally overwhelming, crowd. More promising were the number of interests into the stadium and in front of individual booths - a telltale sign of how impressive the collective efforts of Hausples has amounted to.In a more delightful manner, few exhibitors had surprises up their sleeves such as Atlas Steel, who showed up with brand ambassador and former Kumul, Brandy Peter, and Niugini Electrical with their solar powered refrigerator and washing machine. Also joining the fun was Crossroads Hotel, who took advantage of the opportunity to do a lucky draw promotion that centered around free Japanese-inspired breakfast, and affordable living spaces as a whole. “All you have to do is write your name, contact details and drop it into a container which we will draw on the final day,” said Max Meta, senior Chef for Crossroads Hotel, who was also pleased with the turnout of day one, in terms of visitors to their booth. MarketMeri shared the same sentiment, witnessing a fair share of crowd that gave them no room for break.Overall, the general mood was tender, full of smiles and moderate yet fantastic networking, which attracted an estimated  1,000 visitors (a 100% increase on last year). Thus, ending day one of the Lae Real Estate Show 2019 on a promising note.We look forward to Day Two.
Hausples Returns To Lae With The Second Annual Real Estate Show
Hausples Returns To Lae With The Second Annual Real Estate Show
June 14, 2022, 1:01 a.m.
News
Events & Announcements
One location, one event, two days of interaction between real estate professionals and investorsHausples Limited is a pioneer in real estate shows in Port Moresby and Lae, and is returning to Lae on Friday October 4th and Saturday October 5th, to host an expected 2000 plus visitors and exhibitors under one roof at the Sir Ignatius Kilage Stadium. Hausples delivered the first ever real estate show in Port Moresby back in 2017. In the following year, Hausples brought the inaugural event to Lae. As the only real estate show organizer in PNG, Hausples brings together real estate buyers, sellers, developers and agents under one roof to create a one-stop resource center for real estate investing, in that spirit.  “The 2019 Lae Real Estate Show offers an opportunity for Real Estate related companies to exhibit under one roof and showcase their products to the public in Lae,” said Sharon Tanasu Snelling, events consultant for Hausples Limited, and coordinator for the 2019 Lae Real Estate Show. “This also enables the people of Lae City to have the opportunity to meet with financial institutions, superannuation funds, real estate companies and developers at the venue over the two day period.”  Hausples, together with MarketMeri, recently staged yet another successful show, in conjunction with a car show. The dual event tapped into both the automotive and real estate vibrant markets.The two-day show will serve as a “one-stop” center for serious home buyers, developers, kit home providers, leading banks, insurance and superannuation providers. The event is solely sponsored by Hausples Limited. Since the first-ever real estate show in 2017, at the Sir John Guise Stadium in Port Moresby, Hausples continues to provide an avenue for qualified real estate professionals and investors to meet, learn and plan for real estate purchases. “Property prices have been on the decline since the LNG boom, which affects both rentals and sales, and as such you can say that it is currently a buyers market,” said Tom Snelling, General Manager for Hausples Limited, and also a coordinator for the Lae Real Estate Show 2019. “This is good news for buyers, however it is generally acknowledged that property prices in PNG are still comparatively high. We can’t say if prices will continue to fall, but we can say with certainty that, in the long-term, prices will go up.”   CLICK HERE TO REGISTER FREEAboutHausples Limited is a pioneer in real estate shows in Papua New Guinea, and currently manages Hausples.com.pg website, PNG’s most trusted and highly recommended real estate portal. The site lists well over 2,000 real estate properties for sale and rent throughout PNG.Since its establishment in 2017, Hausples has developed a special bond with its clients and partners, mostly in the realm of real estate, such as developers, sellers, buyers and agents, and investors.Anything from properties for sale, to newest developments, to office spaces for lease in Port Moresby, Lae, or around PNG, Hausples provides a wide variety of information you can rely on for all your real estate needs.  Contact info:Name: Tom Snelling, General Manager of HausplesOrganization: Hausples LimitedAddress: PO Box 32, Port Moresby, NCDPhone: +67574700243 CLICK HERE TO REGISTER FREE
LAE REAL ESTATE SHOW 2019
LAE REAL ESTATE SHOW 2019
June 14, 2022, 1:01 a.m.
News
Events & Announcements
A booming real estate industry in PNG due to a double-digit increase in investment demands - for property, land and building - are the motivation behind the 2nd edition of the Lae Real Estate Show in October.Establishing new leads, promoting products and services, and networking often share the same common goals - increase interest, rejuvenate conversions, and build a general audience of devotees. The 2019 Lae Real Estate Show offers the ideal conditions for Real Estate professionals to exhibit their products and services to discerning visitors. And it works best when it’s all planned and executed in one place.This two-day event scheduled for October 4th and 5th will be held at the Sir Ignatius Kilage Stadium in Lae.First-time home buyers may need a lot of guidance. Investors anticipate a lot more data. Most prefer transactional help, lots of interpretation of documents, and assistance with decision-making. This event is all about these and much, much more.The 2018 event attracted dozens of exhibitors, representing major local property developers in PNG, as well as a 1,000+ visitors comprising different ethnic backgrounds. Participants attended the 2018 Real Estate Show to make valuable contacts, explore new markets, exchange ideas with real estate experts, and keep up-to-date with the latest trends and projects. The 2019 Lae Real Estate Show aims to connect exhibitors from major real estate agencies with as many receptive real estate interests looking for investment opportunities in and around Lae.The real estate event hopes to include local leading real estate developers, service providers and financial institutions to offer a variety to visiting interests. WHY EXHIBIT?With the current demand for property, land and building interests across residential, commercial, hospitality and industrial sectors continuing an upsurge trend, a real estate event such as the 2019 Lae Real Estate Show remains a viable source for potential leads. WHY VISIT?There are many good reasons to visit especially if you’re a real estate enthusiast, be it first-time home buyer or investor. This two-day event promises to be highly informative and educational. Network with industry experts in real estate and financial institutions, or learn more about the role of attracting sustainable real estate investment locally and internationally. Whatever it is that appeals to you, visit and be updated. It’s a once-in-a-blue-moon occasion.
Airways Residences Port Moresby - Enhanced Modern Living Around Eco-Friendly Initiatives
Airways Residences Port Moresby - Enhanced Modern Living Around Eco-Friendly Initiatives
June 14, 2022, 1:02 a.m.
News
Housing Projects
It’s always interesting to see hotels keeping up with the ever-fluid nature of modern life, particularly as they are such highly experiential places. Airways Residences is one such place that has gone beyond the stars in enhancing better living around eco-friendly initiatives, and the privileges that supplement the experience. Encompassing over 200 fully serviced Apartments, the design of Airways Residences is in harmony with a natural surrounding landscape outshining the rush of daily life in to a residential retreat. The Residences are considerably larger than standard hotel accommodations, affording sufficient space for relaxation. Designed for both long-term and short-term stays, the Apartments feature one, two, or three bedrooms, each complete with separate living and sleeping areas, that allows you the privacy of conducting your own business or entertainment as you would at home. It’s a provocation of your imagination.Kitchens are equipped with modern and well-maintained appliances, and cooking accessories needed to put together an appetizing meal, in addition to ample rooms to stock your favourite foods. A few Apartments have their own backyards and balconies where Residents can unwind quietly, or engage with other Residents in a one-of-a-kind exclusive ‘Recreation Park’ in Port Moresby, with full access to the neighboring award-winning Airways Hotel that shares the landscape. The residential Apartments are surrounded by lush, manicured grounds with medium high-rise and single level villas spread throughout the grounds, together with thoughtful conveniences such as a mini supermarket, an ATM, pharmacy and medical clinic.Airways Residences excels with high standards in both housekeeping and maintenance, and with its strong community spirit, it is a must-live experience.In sync with the Airways Residences are two ground-breaking expansion projects that are coming soon. Both have the capacity to shock and awe Port Moresby, and even Papua New Guinea: C Residences 8 and Gas City. See www.airwaysresidences.com.pg/DEVELOPMENT.The C Residences 8 and Gas City are the blue-print of Airways Residences etched in fully-serviced luxury apartments, up-market contemporary designs, and brooding lavish amenities. Airways Residences will further become a personal story of magnificence and fulfillment for every visitor who wishes to experience the finer things in life.Discover The Airways Lifestyle...Click on the link below to view the one bedroom, mid-range villas available at Airways Residences: https://www.hausples.com.pg/airways-residences-mid-range-villas/13498/
A Graceful Giant Tames The Skyline of Downtown, Port Moresby
A Graceful Giant Tames The Skyline of Downtown, Port Moresby
June 14, 2022, 1:03 a.m.
News
Housing Projects
The status of an iconic building can be vastly personal. However, some buildings reach iconic status without dispute, like the incredibly-impressive Noble Center currently under construction in downtown, Port Moresby. Unprecedented in size and sophistication, the Noble Center is a graceful giant in the skyline, opening up views of the silhouettes of surrounding buildings, and the three major intersections; Stanley Esplanade, Champion Parade, and Musgrave Street. Construction is set to conclude in August, 2019. The building itself is a vertical extension of an entrance lobby, parking, and a multi-functional lounge, in addition to the office spaces at a total height of 95.6 meters.Project ForecastConceived by China Railway Engineering Group (PNG) Noble Real Estate Co. Limited, the structure is a 23-storey nirvana of living, working and recreation worth over K550 million, and dominates a significant portion of land overarching Port Moresby’s Fairfax Harbour. The building sits on a 1,808 square meter of area, enclosed by a construction area of 29,125 square meters (also the gross floor area). The Noble Center was designed to allow for the development of approximately 2 basements, a below ground floor, 23 floors above the ground floor, dual reception areas, and 7 commercial areas. This graceful giant sits adjacent to the IRC Building, and between the ANZ Bank, Kina Bank, Bank of PNG, and the Harbourside West and East buildings on the fringes of Fairfax Harbour. The overall design and outlook of The Noble Center from the Fairfax Harbour looking in gives it an organic feel that blends the surrounding environment. Building AttributesSeveral prominent attributes contribute to The Noble Center’s unique structure. Chief among them are the vertical landscaping concept, automatic physical sun-shading, and tenancy access control. Vertical Landscaping ConceptOtherwise known as the Green Concept is the theory, science and style of buildings designed and constructed in accordance with environmentally friendly principles. Concurrently, The Noble Center is utilizing this theory to effect with its vertical gardens visible throughout its structure, and comprises a living tapestry of plants and flowers found locally. This concept has become a worldwide trend and is aimed at addressing IEQ and employee health concerns with a healthier building environment.Automatic Physical Sun-shadingDue to the often dry and humid weather of Papua New Guinea, and the exposure of The Noble Center to direct sunlight, this concept was considered as a measure to control the peak of building heat. The shading device also achieves two objectives in addition to dramatically keeping heat at a minimum.  It improves user visual comfort by controlling glare and reducing contrast ratios, and offers the opportunity of differentiating one building facade from another. This can provide interest and human scale to an otherwise undistinguished design. Tenancy Access ControlThe security of a building and its tenants is of paramount importance. High tech security systems relevant to a building’s design should be considered to ensure a safe and secure location for its occupants. With this in mind, The Noble Center has in place what it terms as a tenancy access control. The system allows tenants to access only their office, the floor on which their office is located, the lift, level 8 and the car park area. It’s the first layer of defense against unwanted visitors. Maintaining the access control system database in line with the tenants wishes is the foundation to the system’s integrity. As a safeguard to only allow the right people to enter the tenants’ offices, the security device is managed through a condensed access control system.AmenitiesThe Noble Center will incorporate a variety of cafeteria concepts and retailing with local and international starters, and modest prices to select.Tenants will enjoy all the amenities that come with occupying this graceful giant in the skyline of downtown, Port Moresby. As well as other additional exclusivities that are iconic, only, to this unique landmark structure - the tallest in Papua New Guinea and the pacific as a whole.For more information, you can visit: https://www.hausples.com.pg/the-noble-center/13448/ or www.hausples.com.pg
Even Bigger and Even Better
Even Bigger and Even Better
June 14, 2022, 1:04 a.m.
News
Events & Announcements
More than 10,000 visitors are expected to attend The Home and Car Expo 2019 at the Sir John Guise Stadium this Friday and Saturday, June 21 to 22. The annual event is an opportunity for people to have access to a "one-stop shop" in, especially, the real estate industry. It gives attendees a chance to experience first-hand what’s new and trending, in addition to a safe and friendly environment without the hassle of long lines and busy schedules. This year, however, Hausples and MarketMeri have decided to bring in the automotive industry parallel to its show for 2019, hence the home and car show. This aligns with popular requests by clients in last year’s 2018 Real Estate Show, and has achieved the status of being the First Car Show in PNG, rewriting the aphorism “The More, The Merrier” to “Even Bigger, Even Better.” Here’s why:ExhibitorsThis time around, not only is the show intriguing for the real estate leaders, but also the who’s who of related industries, to which the likes of Pacific Palms Property, Bank South Pacific, China Railway Construction Engineering Real Estate Co. Limited (CRCEG) and Nambawan Super have each secured a spot. The other confirmed exhibitors include:Airways Residences, Century 21, Kupiane Management Services, EDAI Town and the Real Estate Industry Association representing the Real Estate sector. A large portion of the building industry will also serve the purpose of this event, and is spoken for by PNG Forest Products, Rhodes PNG, Red Sea Housing, Monier, Primus, Hardware Haus, Atlas Steel, Global Kit Homes and Stratostream. The Banking & Finance sector encompasses Trans Pacific Assurance Ltd, NSL, Kina Bank, Fincorp, Westpac, and First Investment Finance Limited, who will be joining both BSP and MoniPlus. The outdoors in front of the indoor complex will be dominated by the automotive industry: Ela Motors to take centre stage with the launching of their latest RAV-4s and HiAce buses. Motorist Mart, the sole distributor of the Futon vehicle models in PNG, will unveil their brand new fleet alongside a range of vehicles and services by 2-Fast Motors and Freeway Motors. AutoParts Online, Terrain Tamers for the 4WD enthusiasts, and Color Studios showcasing their vehicle wrapping, will be close at hand. As well as Islands Petroleum with a variation of fuel and lubricant needs. The security and tracking sector will entail a comprehensive list of security-oriented products and services by Corps Security, Rapid Response, and SecurityPlus.  Additional exhibitors constitute Pacific Foam, Post Courier, Pure Water, Aspen Medical and Lightspeed Internet, going side by side with Post PNG, Telikom, Womens Resource Centre, PNG SME Magazine, RSPCA and PNG Institute of Architects. SP Brewery have also registered with a tent to promote their When You Drive, Never Drink campaign, next to an outstanding 4 Wheel Drive display, also outdoors.SeminarsAt the heart of the Home & Car Expo 2019 are the seminars. A definitive business opportunity for clients and exhibitors to interact, in order to better understand each others’ needs and wants, and gain additional insights into factors affecting decision-making on both sides of the spectrum.Industry experts like Tom Snelling (Hausples Limited), Daniel Berry (REIA), and Kili Tambua (BSP) will be joined by John Leahy (LLLS), Linda Garo (TPAL), Kym Yong (EDAI Town Ltd), David MacKenzie (Rhodes PNG), and Yawetau Salem (Kina Bank) in the panel discussions. The expert speakers will cover specific subjects such as stratos titles, house pricing, and home loans. Supplementary topics will take on affordable housing and finance, building techniques, and home security. The panel discussions are interactive and public participation is greatly encouraged.FM 100’s Cullighan Tanda will host and moderate the seminars.The seminars will take place in the foyer and will be live streamed to the exhibition area. Access is available between the Rhodes and PNG Forest Products booths and entry is free. Show and ShineA Motor Show is not complete with a Show and Shine; a display of unique and modified cars in PNG. Porches, BMWs and Mercedes to highlight the show and shine plus heaps more.Amenities Creche or Kids’ CornerGiving parents an extra hand with childcare while they explore the show, was a special consideration for the Home & Car Expo 2019.  An area has been allocated for children to relax and be entertained under the professional supervision of PlayStation.A bouncy castle will also add to the kids’ entertainment. Food StallsHausples and MarketMeri had to ensure the event runs smoothly and safely for attendees when eating. Clean, spacious food stalls will count towards this initiative. Modelling the food stalls are Fab Catering, Food Station, Paradise Foods, Central Mamina Fresh Coffee and Italian Gelato, plus other smaller outdoor cafeterias. SecurityThe safety and security of visitors and exhibitors is a key concern for the planners, and this will be overseen and managed by SecurityPlus. Security personnel to be strategically placed inside and out. Visitors will be checked on entry, and weapons of any kind are strictly prohibited.CCTVs will feature throughout various angles of the indoor and outdoor arenas. It’s a counter measure by the organizers in ensuring a high level of safety and security for both visitors and exhibitors. EmergencyIn the unlikely event of a medical emergency, Aspen Medical will have trained professionals and an ambulance on standby. Registration DesksA vital component to the success of any event are the visitors. This is why the Home & Car Expo 2019 has registration desks at the entrances. Registration is free, and if you haven’t registered yet online, you can still register upon arrival. On the whole, this Friday 21 and Saturday 22, suspense will end, anticipation will conclude, and understanding begins. It’s the “Even Bigger and Even Better” exposition for real estate in 2019. The show starts at 9am and ends at 4pm. Again, entry is free, and everyone is welcome.Hausples Limited wishes to extend its gratitude to the Sponsors, Exhibitors and Media Partners who have made this event possible.
BSP Supports Home & Car Expo with over K49,000
BSP Supports Home & Car Expo with over K49,000
June 14, 2022, 3:54 a.m.
News
Events & Announcements
BSP PNG | THE Home & Car Expo is set to be bigger and better this year with the backing of Diamond Sponsors such as Bank South Pacific (BSP) who chipped over K49,000 for this event scheduled for Friday 21st to Saturday 22nd June, 2019, in Port Moresby.Staged by Hausples, it will once again be held at the Sir John Guise Stadium Indoor Complex. With the added feature of the Car Expo, which will be staged outdoor, this event is set to provide potential Home and Car owners all the necessary information on how to go about owning a home or buying a car.In receiving the BSP sponsorship commitment, Hausples General Manager Tom Snelling said, the show will continue to offer 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.“As PNG’s leading bank and provider of home loans, BSP’s presence is very important to the show.  The financial side of Real Estate is one of the biggest challenges that face every potential home buyer and it is critical that they understand exactly what options they have,” said Mr Snelling.In presenting the K49, 025 sponsorship cheque, BSP Area Manager – NCD, Natasha Sirimai, said that her team from the NCD branches will be available during the two days to showcase and provide information on BSP’s Home Loan and First Home Ownership Loan products available to the public.“We can also do initial pre-assessment for customers at the expo and provide advice,” said Ms Sirimai. “Visitors to BSP’s Booth and fellow exhibitors will also have the opportunity to open personal accounts and to learn more about BSP and its various products and services through face to face conversations with our team on site who will be happy to assist.”BSP’s Deputy General Manager – Sales & Customer Service, Kili Tambua will also be part of a panel of discussion and will highlight BSP’s Home Loan products during this session on Friday 21st June, 2019, at 11 am.
Why The Home & Car Expo 2019 Is For You
Why The Home & Car Expo 2019 Is For You
June 14, 2022, 3:57 a.m.
News
Events & Announcements
Technology may have changed the face of real estate investment, but annual real estate shows remain an effective tool for developing interest in your property and generating curiosity.The best business case to attend the Home & Car Expo 2019, this Friday 21st and Saturday 22nd at the Sir John Guise Stadium, is the wealth of knowledge and actionable strategy that you will take home.Hausples Limited saw a need to bring together the real estate industry under one roof to give the public a first-hand insight of the sector: how it functions and the factors affecting decision-making behind the scenes. Better still, the inclusion of a car show that has inspired a show and shine, expanded list of exhibitors, high-level lineup of seminar speakers, and enhanced amenities like the preferred bouncy castle, incredible snacks and goodie bags. Of course, there’ll be goodie bags filled with enough information to help with your home buying experience.As the adage, “No man is an island”, likewise no event exists as an island on its own. The Home & Car Expo 2019 is part of a larger movement - in your industry and your neighborhood. An all-inclusive list of cross-section products and services from a variety of related industries, apart from home and car, will be on offer.The moment you set foot in the entrance, you’ll be on a path of interaction, information and education.So if you haven’t registered yet, click here. You can also register on the day when you attend.Your registration will go a long way in helping us plan future events that are tailored to your needs.  Register to Visit
It's All About You & Your Property
It's All About You & Your Property
June 14, 2022, 3:58 a.m.
Advice
Events & Announcements
Aspiring homeowners have much to contemplate in a fluid real estate market. Nobody wants to forge a blunder when purchasing a home, or even a car. Everyone deserves an answer.Meet with the best in real estate, car and finance this June 21-22, at the Sir John Guise Stadium. The Home & Car Expo 2019, exists to address the needs of prospective home or car buyers. As an evolution of The 2018 Real Estate Show, it is set to be “even bigger and even better.”.An expanded list of real estate contributors from agents, builders, finance and the security industries will be exhibiting their products and services in the air-conditioned comfort of the Sir John Guise Stadium’s indoor arena.Ela Motors, one of the major contributors, will promote their new and improved HiAces and Rav-4s outdoors, as well as the other services they have to offer. Some of the exhibitors of the Motor Show include 2 Fast, KR and Freeway Motors - as used car dealers. The Security Industry will see Corps Security, Rapid Response and Shoreline exhibit each of their uniquenesses in their products and services as well. Islands Petroleum (fuel), BSP, First Investment Finance and Moni Plus (finance), in conjunction with Online Autoparts, Color Studios and Trans Pacific Assurance will also showcase their products and services.This will run adjacent to a Show and Shine;  a collection of supercars in PNG which will include Porches, BMW, Mercedes and more. If you have a car worthy of consideration for the Show and Shine, please feel free to contact us! Family, friends, or solo; everyone’s welcome. Entry is free. There’s something  for everyone to enjoy, such as supervised kids corner and bouncy castles for the children, and clean and spacious food stalls for those who come with an empty stomach, and a chill zone for the grown ups.Attendees (both the public and industry experts) will also get the chance to interact with each other through the seminars held in the foyer of the stadium. From homeownership schemes, to building technologies, to controlling your home security with your phone; discover how to connect the dots and know what to do, when to do it and why you’re even doing it in the first place.A safe and secure location for all is paramount for this occasion, and will be warranted by SecurityPlus. Aspen Medical will be on hand to administer medical help if needed. Based on previous experience, Hausples and MarketMeri saw this as a welcome essential.The Home & Car Expo 2019 is sure to be entertaining, highly informative and educational. This is a great opportunity to rub minds with the best in the business, when they share their knowledge, experience and success tips. So be sure to mark your calendar for June 21-22. Prepare to be overwhelmed, because you’ll be leaving this event feeling optimistic.  Register to Visit
Speakers Announced for Seminars In The Upcoming Home & Car Expo 2019 In June, Port Moresby
Speakers Announced for Seminars In The Upcoming Home & Car Expo 2019 In June, Port Moresby
June 14, 2022, 3:58 a.m.
News
Events & Announcements
Hausples and MarketMeri are delighted to announce some of the speakers for the corresponding seminars in the upcoming Home & Car Expo 2019 at the Sir John Guise Stadium on June 21-22. Register to Visit Tom Snelling, General Manager of Hausples and MarketMeri will open the discussions, outlining the plenary topics and the expected outcomes from the speakers and panel discussions. Mr. Snelling’s professional background commands immense experience in marketing and web design, particularly in the real estate industry.Kili Tambua, BSP’s Retail Deputy General Manager, has a Master’s Degree in Business Administration from the University of Papua New Guinea, combined with a record 20+ years at BSP. He will be expanding on BSP’s role in helping to improve the growth of Real Estate, and address frequently asked questions regarding BSP’s First Home Ownership Scheme.Linda Garo, a regular participant and enthusiastic insurance professional, will address evolving FAQs surrounding Home Insurance. Ms. Garo continues to be a shining example of how being an integral part of a team can help progress your career through dedication and hard work.  Additional speakers include:David Mackenzie, Business Development Manager of Rhodes PNGDaniel Berry, Business Development Manager of Raku37 and President of REIAYawetau Salem, Head of Personal Customer for Kina BankAge S. Patana, Business Development Manager of Shoreline TechnologiesJohn Leahy, Partner at Leahy, Lewin, Lowing, Sullivan LawyersKym Yong, Director of EDAI Town Development LimitedThere will also be a range of panel discussions, whereby leading experts will discuss a variety of subjects from finance, to building techniques, to affordable housing and comprehensive insurance options. You ask, we discuss. Public participation is a welcome compulsory.This pulsating event will embody a forum of knowledge exchange and partnership development, guaranteed to be the go-to-place to get inspired by the best and brightest who are directly or indirectly linked to the real estate industry, to gain valuable resources and to experience tons of fun. Audiences are sure to leave with a sense of optimism.Panel discussions will start at 10am and conclude at 4:30pm on both days, Friday 21 and Saturday 22.Seminars will be held at the foyer area of the Sir John Guise Indoor Arena.  Free access is available through the doors in between Rhodes and PNG Forest Products booths. The seminars will also be live streamed to a projector in the main exhibition arena.For more information on the Hausples, please visit http://www.hausples.com.pg  Register to Visit
Home & Car Expo To Be Held In Port Moresby, NCD,  This June
Home & Car Expo To Be Held In Port Moresby, NCD, This June
June 14, 2022, 3:59 a.m.
News
Events & Announcements
Attendees will experience a 100,000+ square foot event with an array of real estate news, latest technology, family-friendly events and networking!Hauples and MarketMeri are all hands on deck with the upcoming Home & Car Expo 2019, scheduled for June 21-22 at the Sir John Guise Stadium. This two-day event will bring together real estate professionals and representatives from several associations to network, make deals and explore new technology, and is lauded to be the “best one yet”. Whether it’s a first home purchase, or a perfect plot of land, or even a new car, this show will have something for everyone.“Our real estate shows have grown year on year, since the first one in 2017,” said Tom Snelling, General Manager of Hausples Ltd. “We wanted to explore intricate ways of increasing the diversity of our audience by including similar, high value purchases. Properties and vehicles are both large investments that often go hand in hand, so the Home & Car Expo 2019 makes sense,” he added, noting his excitement about the inclusion of vehicles this time around.Pacific Palms Property, Century 21, Airways Residences, Kupiane Management Services, EDAI Town and the Real Estate Industry Association make up the current list of real estate exhibitors that will be taking part in the Home Show. There will also be a large inclusion from the building industry, represented by CRCEG, Rhodes PNG, PNG Forest Products, Red Sea Housing, Atlas Steel, Hardware Haus, Global Kit Homes and Stratostream. The Banking & Finance sector will constitute BSP, Kina Bank, Trans Pacific Assurance Ltd, Nambawan Super, Fincorp, Westpac and FIFL.  Additional exhibits from Pacific Foam, Post Courier, Pure Water, Shoreline Security, Aspen Medical and Click TV will be on display as well.  Outside will see PNG’s leading car deals, including Ela Motors who will be showcasing the new RAV-4 and HiAce, beside 2 Fast Motors, Freeway Motors and KR Motors, as well as accessory providers like AutoParts Online and Terrain Tamers for the 4WD enthusiasts, along with Islands Petroleum for fuel and lubricant needs. Vehicle tracking will also spotlight highly with participation from Rapid Response, Corp Security and Shoreline.This will coincide with the “Show & Shine”; a collection of supercars, bikes and vehicles of interest. Car, truck and motorcycle devotees, alike, are invited to bring their vehicles for display in the show - all types and age are welcome.In keeping with its family-friendly theme, the Home & Car Expo 2019 will comprise bouncy castles for the children, outside. Plus an indoor supervised creche sponsored by Play-Station, and a variety of food stalls, both indoors (Fab Catering, Food Station, Superior Coffee and Paradise foods) and out. As always, a high-level of security will be ensured by SecurityPlus, in enabling a safe and inviting haven for everyone. The two-day event promises to be informative, entertaining, and educational. Everyone is welcome to attend the free seminars, which will include Kili Tambua of BSP, John Leahy (LLLS), Kym Yong (EDAI Town) as well as panel discussions covering a wide range of land and property related matters. The seminars will be live-streamed into the arena as an enhanced experience.Needless to say, the Home & Car Expo 2019 will offer valuable content to their participants and visitors. Session content will cover a variety of topics ranging from trends and technologies real estate professionals should know, to buildings and climate concerns, to the latest motor vehicle innovation, and more.If you wish to attend the show, you may register either online or on arrival.  Entry is free and we look forward to seeing you there. Register to Visit
Mark Your Calendars For The Year’s Biggest Show
Mark Your Calendars For The Year’s Biggest Show
June 14, 2022, 4:06 a.m.
News
Events & Announcements
Hausples.com.pg threw one of the biggest events last year. It plans to raise the bar even higher, however, with this year’s PNG Home and Car Expo. It’s happening on June 21 and 22 at the Sir John Guise Stadium. The event will be the largest to date, with all of PNG’s leading property businesses there showcasing their goods and services, free seminars, food stalls and the introduction of a spectacular Motor Show.This event will be a gathering of all the top names in PNG’s real estate market. This includes agents, developers, finance and insurance companies and much more. Anyone can come to the show to meet experts, learn about buying a home, or even shop for the best deals if you are getting ready to buy. Save yourself the hassle. Instead of visiting offices all across the country, come when they are all in one place.   Additionally, there will be seminars held in the foyer and industry experts will be discussing key aspects such as legal issues, affordable housing and the First Home Ownership Scheme. There will also be panel discussions which will be open for the public to ask questions. Shifting into high gearThere will be more than just property companies at the show, too. After all, homes and cars are often two of the biggest purchases you will make in your lifetime.Hausples’ sister company and leading classifieds website MarketMeri.com will be hosting the Motor Show just outside.  Ela Motors are taking centre stage and will be launching the new RAV4 and HiAce bus. BSP, Trans Pacific Assurance, Islands Petroleum and 2-Fast Motors will each have their own booth. Corps Security and Shoreline will also be there showing off vehicle tracking systems. Online AutoParts and Terrain Tamer will be present with plenty of parts and accessories and Color Studios with have their flashy vehicle wraps on display.  What’s more, expect to see companies displaying a full range of automotive components including car audio, tyres, pickup services and much more.But wait! A Motor Show isn’t complete without a Show and Shine. MarketMeri thinks this will be the best one you’ve ever seen. There will be a Porsche, a limited edition Range Rover and some classic motorcycles from the ’70s. There will also be some surprise supercars making an appearance. But you’ll have to come to find out for yourself what they will be. Bring the whole familyHausples is committed to providing a safe, family-friendly environment and security will be provided by SecurityPLUS who have a fantastic reputation with events of this scale. There will be food stalls inside and outside as well as a bouncy castle for the little ones.In short, it is sure to be a weekend to learn, to shop, to meet new connections and just a weekend of fun. Entry is completely free. But go to Hausples.com.pg now to sign up for entry or simply register on arrival. With just under two months until the doors are opened at the 2019 Expo, exhibitor bookings are at an all-time high with over 90% of available floor space already sold, so you will have to act quickly if you want to ensure that you have a presence at this huge event. For remaining 2019 PNG Home and Car Expo exhibitor space enquiries contact Civan (English/Tok Pisin language) at +675 74700243 or by email: [email protected] Read the latest real estate news on hausples.com.pg today!
2019 Papua New Guinea Real Estate Survey Result
2019 Papua New Guinea Real Estate Survey Result
June 14, 2022, 4:06 a.m.
News
Events & Announcements
Hausples.com.pg, Papua New Guinea’s leading property portal, is pleased to release the results of the 2019 Real Estate Survey.  The survey delivers key information about the property market from the perspective of the general public and analyses key factors such as rentals, sales, financial literacy and consumer feedback.This valuable report is the third annual survey of its kind, which means we can compare results against previous years to see the trends that are shaping PNG.For example, indications show a significant increase in middle-income earners which is a positive sign for property sales. The questions were drafted specifically for a local audience.The survey was distributed electronically to the Hausples.com.pg email database, its social network followers and visitors to the Real Estate Shows resulting in nearly 1,500 respondents over a two week period earlier this year.The year 2019 will undoubtedly be an exciting year of progress in PNG. This year we saw a noticeable upward shift in the budgets of our respondents. What this means for society at large is that growth is leading to progress, as people have more money that they want to put to good use. They want it to pay dividends and they are increasingly turning to real estate and property ownership.Results are broken down into categories that span rental properties, purchases, market perceptions, feedback and more. In the renter’s market we saw that, in general, preferred to rent an apartment; a notable change compared to the previous year. The high-demand areas have remained the same, staying in residential-focused suburbs. Most people are still looking for affordable rentals, perhaps because they are saving up for a future property purchase. Suburban areas such as Waigani, Boroko, East Boroko and Korobosea held the most demand, with notable increases in 8 Mile and 9 Mile.Turning to the buyer’s market, there is still a major obstacle with perceived affordability. Most people think real estate is becoming prohibitively expensive. Despite this fact, the perception is that now is as good a time as ever to buy. Houses, specifically high set houses, still account for most buyer demand. It seems that, as far as location goes, buyers want a location that has an attractive price, and one that has the infrastructure. After all, if you put money down for a property, you want it to increase in value. The Chief Executive Officer of Hausples, Mr Mathew Care recognizes that “The survey results display that Papua New Guineans still prefer free-standing PNG style houses in the suburbs of Port Moresby. The 2019 PNG Real Estate Survey provides an opportunity for those involved in the real estate sector to strategize multifaceted plans to create opportunities for quality and affordable housing options for PNG.”Perhaps the most interesting insights of the year came from the shift in media people of PNG use for information about real estate. While Hausples.com.pg remains a popular outlet, the importance of Facebook swelled massively. More people want instant access to information on their mobile phones or computers. “This year's survey has shown distinct shifts in attitude in the type of preferred housing when comparing long-term against short-term living. Apartments appear to be the preferred choice in rentals and high set housing being the preference for sales.” Said Mr Tom Snelling, General Manager of Hausples. “Affordability is still a key issue for most, and we hope that the data contained in this survey will assist those with a vested interest in the real estate market to focus efforts in these areas.”There will be further opportunity for queries or suggestions on the survey results during the next Hausples Real Estate Show at the Sir John Guise Stadium on 21st and 22nd June and Mr Snelling will be discussing the survey results during the seminars.CLICK HERE TO DOWNLOAD FREE