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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.
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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.
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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.
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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
Hausples Launches the 2019 Show
Hausples Launches the 2019 Show
June 14, 2022, 4:07 a.m.
News
Events & Announcements
What’s the most expensive thing you own? Maybe it’s a house. Perhaps it’s a car. Maybe you own a 24k gold Rolex. No? Well, we can all dream. For the first two things, however, Hausples.com.pg has an event that you need to check out. The Home & Car Expo 2019 is set to be one of the year’s biggest events in Papua New Guinea. We’ve done shows in the past, but you haven’t seen anything like this.   It’s happening at the Sir John Guise Stadium on June 21 and 22. Whether you want to buy your first home, shop for a new car, or look for that perfect plot of land, this show will have something for you.There will be prizes, car test drives, seminars led by industry experts, and much more. Oh yeah, and did we mention the entry fee? There is none! This event is completely free. Read on to see how you can register now. Kicked Into High GearThe list companies that will be showing at the expo is a who’s who of Papua New Guinea’s business sector. Bank of South Pacific, Pacific Palms Property and Industrialized Business Systems will be at large diamond-class booths. Kina Bank, Airways Residences and Trans Pacific Assurance will also be there waiting to greet you. Additionally, Red Sea Housing, Nambawan Super Limited, Shoreline Security, Rhodes, PNG Forest Products, Century 21 and EDAI Town will be participating along with Westpac, Atlas Steel, Champion Engineering and Pure Water.Outside, Ela Motors will be taking centre stage and showcasing the new range of RAV-4 and XXX, and 2-Fast Motors, BSP, TPAL and Shoreline will be featured at the Motor Show. More huge names are expected in the coming weeks. You won’t want to miss out on the fun.Tom Snelling, general manager of Hausples, noted his excitement about the inclusion of vehicles this time around.“Our real estate shows have grown year after year since the first one in 2017 … Properties and vehicles are both large investments that often go hand in hand, so the Home and Car Expo makes sense,” he said.The Post-Courier is confirmed as a media partner for the event.If you have a business or agency you want to promote at the event, please contact us. There are still a handful of booths available for both the real estate and car sections of the show. Interested parties can contact us here. Bring the Whole FamilyMark your calendar for June 21 and 22. And bring the whole family, as well. This will be a family-friendly atmosphere. There will be a managed creche, bouncy castles, food stalls and refreshments available over the two days. The car show will also have a “Show and Shine” area where special vehicles, including 4WD’s, supercars and vintage vehicles will be on display.And, of course, the real estate section will host tons of agents, developers, dealers and related companies at a central location.But maybe you’re still debating whether you want to buy. There will also be free seminars about the real estate industry in the foyer of the stadium. Experts will weigh in on a range of topics such as how to buy your first home, legal aspects of buying, building techniques, and much more. Everything will be streamed live across the arena. Where Do I Sign Up?Registration is quick and easy. You can register online here. But you can also register on the day of the event when you come. Make sure to be there on June 21 and 22. Also, RSVP on Facebook to get updates as the show draws closer.
REIA’S Daniel Berry highlights dramatic shift in Port Moresby’s real estate market
REIA’S Daniel Berry highlights dramatic shift in Port Moresby’s real estate market
June 14, 2022, 4:10 a.m.
News
Advice
A top official of the association of realtors in Papua New Guinea (PNG) said there was a dramatic shift in the real estate sector of Port Moresby in the last few years.Daniel Berry, Vice President of the Real Estate Industry Association (REIA) of Papua New Guinea, noted that the current properly market in PNG’s capital city is markedly different from the one that grew tremendously partly as a result of a major natural gas project.Mr. Berry made this observation while speaking to attendees of the 2018 PNG Real Estate Show held at the Sir John Guise Stadium in Port Moresby.“The residential, commercial, and industrial markets have all shifted from one of low inventory, high prices, and high demand to one of high inventory, lower prices, and lower demand,” noted Mr. Berry, who was speaking on the topic, “Impact of Rapid Growth of Housing Development in Port Moresby”. PNG LNG ProjectIn 2008, PNG launched a $19 billion liquefied natural gas (LNG) project near Port Moresby, triggering an influx of people- both locals and expatriates- eager to cash on or take advantage of the economic and employment opportunities presented by the monumental project.To illustrate the point, Port Moresby, where most of PNG’s real estate can be found, saw its population rise from 364,125 in 2011 to over 400,000 four years later. Consequently, demand for housing and commercial spaces grew exponentially.To meet the high demand, which many developers hope will continue indefinitely as long as the LNG project chugs along on a high gear, many developers started building numerous residential, commercial, and industrial development projects in different parts of Port Moresby and areas nearby.Soon, PNG’s capital city was starting to see more commercial buildings, condo and apartment complexes, and other residential developments.From 2008 up to 2013, the real estate sector in Port Moresby experienced tremendous growth. Demand for property was high, with supply struggling to catch up. Prices and rental rates for real estate were also high.In 2014, the construction phase of the LNG project winded down, and things began to turn differently for the sector. In the next couple of years the property sector flattened, and slowly began a downward spiral.For one, there was an exodus of expatriates, many of them working in the LNG project. Many of these same people were the main customers for upmarket rentals in Port Moresby. In the same time span, the property sector in Port Moresby was also negatively affected by declining government revenues, general economic slowdown, among other factors.Mr. Berry said that supply went up, demand went down, and prices also decreased. The trend has continued to this day, and, sans a major stimulus, is expected to continue into the foreseeable future. Though the property sector did benefit and experienced a short-lived bump in the wake of PNG hosting the Asia-Pacific Economic Conference (APEC) 2018 Summit last month.   Real Estate in Port Moresby“Now, Port Moresby has become a renters market, as there are many vacancies across all sectors of Port Moresby’s real estate industry,” he stressed.A renters market usually occurs when there is more supply than demand in the property market. In such case, rental prices fall and tenants have the luxury to negotiate for a much lower rate.“This is primarily been due to over-development in both commercial and residential units by developers who anticipated that the LNG boom would continue indefinitely,” Mr. Berry added.Mr. Berry’s assessment found support in Mike Quinn, President of REIA. According to Mr. Quinn, the LNG project created a huge, temporary bubble whose effects, once it burst, were largely unanticipated.“The PNG LNG project made a major impact on real estate in Port Moresby and Lae, but it created a big bubble. After the contract finished the market did not anticipate the extent of the downturn that would follow,” Mr. Quinn told the local media.
An Incredible Investment Opportunity in Papua New Guinea
An Incredible Investment Opportunity in Papua New Guinea
June 14, 2022, 4:11 a.m.
News
Housing Projects
Savannah HeightsThe busy suburb of Waigani has been a more preferable choice for developers and businesses today as we see the emergence of both commercial and residential properties. And why would they not see this as an ideal location? You have the convenience and accessibility of transport, shopping, sporting venues etc and the fact that it is literally the link to the airport via the Kumul Flyover.Enter Savannah Heights. With the convenience of living within a secure gated community, Savannah Heights offers protection and piece of mind for those looking for accommodation with value. Located in the popular suburb of Waigani, the estate becomes one of the new commercial and residential developments in the heart of PNG’s political home. Appropriately situated within a reasonable distance to Vision City, Hotels, Parliament House, Sir John Guise Stadium and with the added advantage of an effortless route to the airport, it’s easy to see why Savannah Heights would be the “go-to” solution for businesses and dwellers alike. The architectural design sees the main building comfortably perched on the hill which gives it a perfect view stretching as far as to the sight of the airport and allows a soothing breeze to flow through valley where it rests. The structure itself comprises of 3 levels with customizable office space. The top boasts one of Port Moresby’s more popular dining outlets, Bistro, with its wide range of cuisine ranging from western to asian dishes. Not too far from it stands the newest in high rise buildings, the Stratos Towers. The building having been completed end of 2012, provides another option for businesses looking for quality office space with its various advantages. Whether you’re a business or resident, Savannah Heights is definitely worth the consideration. Rosewood ApartmentsBuilt within the well established Savannah Heights, Rosewood Apartments arises as one of Port Moresby’s newest residential investment opportunities, Rosewood Apartments. Completed in 2012, the 5-storey apartments bring the latest in luxury living in the busy suburb of Waigani. Within the building comprises ten luxury apartments that provide elegance and attention to detail for the eye. The generous floor plan of approximately 155 sqm allows three bedrooms to cradle comfortably inside with each room having an ensuite. All apartments are tastefully decorated due to well thought out architectural designs that stand out as soon as you walk through the doors. Tiled floors help to keep the space cool to counter the heat and the airconditioning compliments by adding the extra touch of relief.According to the 2018 Hausples Real Estate Survey, almost a quarter of the total respondents stated Waigani as the most desirable suburb to live in. For expatriates and newcomers, Waigani is not only the seat of the government of PNG but also the suburb with the MOST things to do as a family or individually. Within the secure compound, the apartments provide a convenient location within reach to shopping centres and restaurants which gives it a slight advantage with developments slowing emerging in the suburb of Waigani. Along with the liberal parking space, plus a Bistro and Cafe within the captivating Savannah Heights grounds, Rosewood Apartments presents itself as an extremely attractive option for anyone wishing to reside there. AmenitiesBuilt in a secure and generously spaced compound, the apartments are some of the newest developments in Port Moresby. Each unit is fully furnished with white and brown goods and come with all modern conveniences installed. The block currently has 90% occupancy with a potential return well in excess of K2 Million per annum. Within lush surroundings with stunning views, each floor hosts two apartments with surround balconies.  A large backup generator (confirm KvA) to the rear ensures that power outages are of no concern, and 13 (confirm capacity) water tanks give piece of mind to the residents. The building is built to international standards which includes fire-fighting facilities within public areas. The sufficient car park delivers secure parking and the entire building runs on backup electricity and water in those times of emergencies. SecurityWhen security can be an issue in Port Moresby, Savannah Heights offers secure and convenient services that ensure both residents and property are cared for. Upon entrance into the estate, stands a guard checkpoint that closely monitors visitors who come to and from the premises and can easily ward off those who are not welcome. With a compliment to security, access to the building requires an electronic card system as opposed to the conventional key. This not only allows residents to have peace of mind but also makes it easier to enter in and out of the units with ease. Guards patrols the grounds 24/7 and ensure privacy is maintained. Investment OpportunityRosewood Apartments are currently 90% occupied and with a steady rise in rent for higher end residences, the potential for long term income is immense. Be the first to look into these apartments and invest in a solid future.For an individual or a group that is searching for a sound investment, Rosewood Apartments are a must not to miss opportunity. Enquire now to take advantage of this offer!
Rhodes GM: Prefabrication is perfect for PNG
Rhodes GM: Prefabrication is perfect for PNG
June 14, 2022, 4:11 a.m.
News
Advice
A top official of a company renowned for building prefabricated house across Asia and the Pacific said that prefabricated and other types of modular houses are a perfect fit for Papua New Guinea (PNG). Modern Building TechniqueDavid Cusick, General Manager of Rhodes PNG, said that there are plenty of reasons why prefabricated homes are well-suited for PNG. Mr. Cusick made the declaration while delivering a lecture on “Modern Building Techniques” at the 2018 PNG Real Estate Show.  Prefabrication is a modern building technique where large components of a house like walls are built in a factory and then transported and assembled in the actual building site. Prefabricated houses are hugely popular in Europe and North America. Asia and the Pacific are slowly catching up as more people become aware of the advantages they offer. Rhodes ProjectsRhodes is an international construction company that originated from PNG. Rhodes has built different kinds of buildings across PNG, and also throughout Australia, Fiji, Tuvalu, and Philippines. Among its projects are staff housing, churches, schools, courthouses, health clinics, warehouses, and barracks. The company’s specialty is prefabricated and other types of modular houses.The main reason that prefabrication is a good match for PNG, according to Mr. Cusick is affordability. He noted that it is much cheaper to build prefabricated houses than traditional houses.Studies have shown that a prefabricated house is usually 40 to 50 percent cheaper than its traditional counterpart. The short time it takes to assemble a prefabricated house means that you don’t need to pay for expensive labor over a long period of time. This is a luxury not usually afforded to traditional houses.“Affordability increases when homeowners choose to build or assemble their homes themselves,” Mr. Cusick stressed.Mr. Cusick also noted that prefabricated houses are quicker to build and can be transported to any part of the country. Some prefabricated houses can be assembled in a day or two.When building a house on-site you have to contend with the elements. At times, work gets delayed because of bad weather. Stringent zoning regulations also sometimes get on the way, further delaying the project. Prefabricated houses, meanwhile, are usually built inside factories. It means that work continues, rain or shine, and is completed much faster.Also, the possibility of red tape delaying construction is much lesser with prefabricated homes. However, the fact that prefabricated homes are new in the construction industry raises the possibility that some of them will run afoul of local zoning boards as what happened in other countries.   Transporting Prefabricated HomesDespite PNG’s mountainous disposition and the fact that some parts of the country are difficult to access, Mr. Cusick is optimistic that transporting prefabricated homes from the factory to the actual building site will not be a big problem.“You can have a modern, prefabricated home transported to just about anywhere in the country,” he chimed in.Mr. Cusick also pointed out that it is easy to build prefabricated houses that even people with limited skills can build them.“You don’t need a qualified builder to assemble your prefabricated home. This is a real benefit because there is a shortage of qualified builders in Australia. Qualified builders are also very expensive,” he explained.“Assembling a home yourself without unskilled workers is another way to save money and having a modern home more affordable,” Mr. Cusick added.With prefabrication, according to Mr. Cusick, it is also easier to maintain high construction standards.“Mostly, construction takes place in a factory floor, which is a quality-controlled environment. That way, it is much easier to control the quality of prefabricated homes,” he stressed. In a controlled environment, it is much easier for construction managers to supervise and monitor the work. In building a structure with many parts, this is critical.According to Mr. Cusick, there are 12 companies that provide prefabricated homes in PNG. “Having a range of providers to choose from is good as competition often drive prices down,” he pointed out.Despite a recent economic slowdown, industry experts are bullish that prefabricated homes will find a good market in the country. They stressed that with a growing middle class and more people looking for modern, affordable homes, prefabricated homes could become an instant hit in PNG in the near future.Matthew Lewis, Managing Director of Hornibrook NGI, another prefabricated home builder, earlier told the local media that,” In PNG, there is an emerging middle class but the housing is not there. The accommodation that they get is extremely expensive and sub-standard.”
PNG Forest Products
PNG Forest Products
June 14, 2022, 4:12 a.m.
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For over 60 years, PNG Forest Products (PNGFP) has emerged as an industry leader and contributed to the building of a better Papua New Guinea. With vast expertise of cumulative experience, PNGFP has “the ability and capacity to produce plywood and sawn timber in impressive volumes to suit the requirements of any client, and project solution capability to meet the pre-fabricated building needs of the mining, exploration, infrastructure, primary industry, tourism, community and residential housing sectors throughout PNG, the South Pacific and beyond”.Due to development in the urban areas of cities in PNG such as Port Moresby and Lae, Real Estate has been a growing market as more and more people look into owning a house one day. With the demand and need for affordable housing, PNGFP  have developed building solutions through their NiuHomes product line that can suit any building need, whether in the urban or rural areas. From the plantation to the end product, the kit homes are pine treated and ensure longevity with minimal maintenance to see you through the years. It is also great to know that they have taken the initiative to ensure forestization programs are implemented with a continual commitment to employing renewable plantation pine, restocked from an extensive nursery in the home base in Bulolo. Homes Built to Last for LifetimesLook no further for home design and construction through NiuHomes, PNG Forest Products line of affordable housing. Being 100% PNG Made, NiuHomes are built and designed to meet the preference and style of a typical Papua New Guinean household. This exciting range of home designs offer quality and affordability that is ideal for a modern yet tropical lifestyle. From executive retreats, family homes and village homes, right through to commercial properties, the NiuHomes team has the right design for you.When building a home you should ask yourself: “How long do I want my new home to last?” If the answer is: “For my lifetime and my kids’ lifetime and their kids’ lifetime and more…” then you need a NiuHome  from PNG Forest Products.NiuHomes is PNG’s first and only choice when it comes to quality, affordable kit homes that are made to last lifetimes. All NiuHomes’ kit homes are constructed from PNGFP’s pressure treated plantation pine timber and plywood. PNGFP’s ability to produce pressure treated pine at their certified and international standard plant ensures quality, durable timber that is protected from termites and rotting. NiuHomes come in a range of styles to suit every budget and lifestyle from village living to executive retreats. And with prices starting from under K100,000 you won’t find better value homes in PNG, particularly when you take into account all the inclusions.“The most common reaction from customers is surprise at how affordable our kit homes are and how many inclusions they come with” said Geno Alu, NiuHomes sales representative. “People just can’t believe that with some models you get everything you need including electrical wiring & fittings; plumbing kit including toilet and shower; hardware kit; joinery kit and even interior and exterior paint at such a low price!”  NiuHomes RangeThe impressive range of unique designs makes NiuHomes the perfect solution for those looking to build. From unique executive and villages home to commercial buildings, NiuHomes are designed to suit the unpredictable PNG environment and weather in any location. With the focus on indoor/outdoor living, NiuHomes are ideal for the tropical lifestyle, with floor plans ranging from 20m2 - 220m2. Having a dedicated NiuHomes team, ensures that designs are tailored to an individual preference to produce contemporary and versatile housing to specific requirements. NiuHomes Quality StandardsBuilding a home can be a strenuous task, especially when it is made of timber. With a renewable and sustainable pine plantation in the township of Bulolo, PNGFP takes prides in its treated pine that is termite resistant by AS standards. Longevity and minimal maintenance is ensured when you choose NiuHomes and with a quick response design team, you can be assured that your dream house is just a thought away. The utilization of quality products and materials through quality roofing, plumbing, electrical and hardware fittings and fixtures along with a complete furniture package represent the integrity of home and fortify PNGFP as being the certified choice for kit homes. Enquire TodayTake advantage and be proud of a home that is 100% PNG Made and enquire today! Contact the friendly NiuHomes team on 323 5995 to find out how you can buy a new home from PNGFP NiuHomes.