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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LIVE IN THE HEART OF PORT MORESBY
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G01 Rosewood Apartments Savannah Heights
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Savannah Heights, Port Moresby, NCD, Papua New GuineaRichard John Cabel
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Magemage Executive Units For Lease
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Section 214 Lot 7-22 Magemage, Gordons 5, Port Moresby, NCD, Papua New GuineaPALA COOK
765 03944 /
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Exclusive Seaview Executive Apartment
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A Resort Style Lifestyle With Water Views
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ELA BEACH'S PERFECT VIEW
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Available and ready!
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NM287 - Ready for a corporate tenant - SM
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Town, Port Moresby, n/a, NCD, Papua New GuineaStanley Michael
+675 7552 2904