Port Moresby is preparing to play host to the 2018 APEC Leaders’ Summit and related conferences over the next nine months. Having already staged a number of international events over the last three years, this year’s APEC conferences loom as Papua New Guinea’s biggest yet.
The private sector sees the APEC and its related meetings as an opportunity to market the the country to the world as an ideal investment destination. Port Moresby remains at the center of a PNG investment destination proposal and affordable real estate is an essential element.
The real estate industry in the PNG capital was one of the biggest beneficiaries of the building boom in the last decade, which saw the investment of millions of PNG Kina in property development by the private sector, complimenting the roll out of public infrastructure that cost taxpayers over K1 billion. Today Port Moresby is a modern metropolis offering world-class facilities and amenities that no other city in the Pacific Islands can offer outside Australia and New Zealand.
The property market in the PNG capital offers various categories of housing to meet your residential and business needs. Real estate prices are different for the various suburbs with areas such as Town representing the upmarket category and Gerehu a favourite with working-class citizens. The cost of property in other suburbs such as Boroko and Korobosea are in between. At the end of the day it is their close proximity to service centers and amenities that determine the prices. To see what is currently available on the market go to the Hausples website www.hausples.com.pgLooking for Real Estate for Sale in Port Moresby? You may also like:
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