Buying a house in Port Moresby isn’t always a cheap and cheerful affair - a statistic consistent in previous Hausples real estate surveys.
But this is about to change, in light of the new Valkyrie Estate offering home and land packages at a starting price of K480,000. This may well be the answer to the plight of affordable housing.
Let’s take a moment to understand what a home-and-land package is all about.
Valkyrie Estate's house and land packages offer a choice of land and a selection of suitable home designs for these plots. This means you have the freedom to choose the block of land that suits you, and a home design that fits your lifestyle and budget.
Rather than buying a house and land separately, Valkyrie’s house and land package simplifies this process by offering both properties in one package.
To begin with, phase one of this development comes with two land size options: 396 square metres and 450 square metres. Ultimately, the land sales are managed by Century 21, who also arrange inspections for prospective buyers. You can easily make a booking online at valkyrie.estate.
Valkyrie is a large housing development in 8-Mile, adjacent to Kennedy Estate. It has sealed roads, power and water supply, with sewage connections to individual titled plots of land. 8-Mile is one of Port Moresby’s fastest growing communities, with schools, medical centres and shopping close by, bordering excellent road links into the city.
The houses are supplied by Rhodes PNG and come with a variety of designs to suit both lifestyle and budget. Made from a light steel frame with durable composite materials, they are insulated, termite-proof and have a 40 year design life.
As with land, phase one presents two and three bedroom configurations and they can be either low-set or high-set. You decide, Rhodes builds. The floor area, on the other hand, ranges from 43 square meters to 86 square meters.
An important element of this house and land package is all home constructions must be undertaken by a professional, bank-approved builder, and this is reflected in the pricing of this package deal. You can easily make a booking online at valkyrie.estate.
How to book a home and land package
The Valkyrie Estate website gives information about the land and the houses, and has an in-built enquiry form which includes the pricing for the various packages, renders of the completed estate, and walkthroughs of the showhomes.
Not only that, you also have the privilege of utilizing:
To help with your decision before registering your interest, also on the website.
Your enquiry will be forwarded to the Hausples team who will confirm your interest and then passed onto Century 21 who will arrange an inspection of the land with you. Plus, you also get a call back from Rhodes PNG to discuss the housing options and a quotation sent to you through your email.
If the negotiations are successful, you will be required to write a letter of offer to the real estate agency, who will reply with a letter of acceptance. This will follow a 10% deposit, only for the land.
The quotations, on the other hand, together with your letter of acceptance will be presented to your bank, in order to obtain a home loan. Once approved, the titles are transferred to you and construction commences. Typically, it would take between 10 to 17 weeks for a single home to be completed, which largely depends on the type of design chosen.