Port Moresby continues to evolve as a city with its architectural landscape pointing to a nation in transition.
A decade of positive economic growth and windfall revenue, generated by a spike in investments in the resource sector, triggered a building boom in the Papua New Guinea (PNG) capital. Buildings with contemporary architecture and offered modern amenities were constructed in different parts of the city.
The new look Port Moresby saw it hosting of the 2015 Pacific Games, 46th Pacific Islands Forum Leaders Summit, the 2016 FIFA U-20 Women’s World Cup, the 2017 Rugby League World Cup and this year’s APEC.
The real estate industry has been the main beneficiary of this investment in property development with multistory buildings and houses constructed in suburbs such as Town, Touaguba Hill, Paga Hill, Waigani and Seven Mile. Properties in Town, Touaguba Hill and Paga Hill are considered upmarket – due to increased security presence and accessibility to amenities as well as the CBD – but are within the same price range. Prices drop as one begins to move away from the three suburbs to other localities.
Renting in other suburbs such as Boroko, East Boroko, Waigani and Gordon has its benefits including cheaper shopping and shorter walking and driving distance to government buildings, diplomatic missions and public amenities.
Short-term and long-term rental are available and regardless of whether you are looking to rent or buy, feel free to visit the best property site in PNG www.hausples.com.pg.
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House close to waterfront
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Executive 2brm Apartment
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NM1155 - Home with views - ES/LH
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Town, Port Moresby, NCD, Papua New GuineaStanley Michael
+675 7215 8314
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Basilicks Estate - Town house one - 3 Bedroom
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1 Olmstead St, Ela Mekana, Port Moresby, NCD, Papua New GuineaNeptune Real Estate
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OB033: 4BR Lowset Standalone House
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NM1728 - Brand new units - CK
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Gerehu, Port Moresby, NCD, Papua New GuineaClarina Kei
+ (675) 7568 8162
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2BR Residential Apartment
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Sec 29 Allotment 7 Vanama Crest, Konedobu, Port Moresby, NCD, Papua New GuineaRocklcon Rolan
76135934 / 71319420