Area guide

Town

Port Moresby, NCD

7 homes are for sale here, too few of them priced for us to publish a typical figure. Renting runs K3,500 a week.

Median asking price
Not published
Needs 30 priced listings; 7 here
 
Median asking rent
K3,500 /wk
Middle half K2k to K5k
+40% vs NCD
Prais bilong wanpela m²
Not published
Needs 30 homes stating a floor area
 
Gross yield
Not published
Needs 30 priced listings on both sides
 

Where it sits

Town against the other sangkats of Port Moresby

Every figure below is measured the same way, at the same moment, for all 25 of them. That is the only thing that makes a number like this mean anything.

Your money here

What a budget actually reaches in Town

Drag the figure. The bars are the homes listed in Town right now, grouped by what they ask.

Only 7 listed in Town. That is below the 30 this page needs before it will draw a distribution, so there is nothing here to slide along.

Compared

Town against the other sangkats of Port Moresby

Two counts cannot tell you which one to live in. Tap a heading to re-rank.

Korobosea1417
8 mile1213
2 Mile98
Gerehu95
Touaguba Hill923
9 Mile80
Boroko848K1,800
Town786K3,565
7 mile621
Ela Beach632K3,700
Gabutu60
Tokarara67
Boroko East510
Gordons521
Hohola514
Konedobu58
Other40
Gordons 537
Malolo Estate30
Napa Napa30
5 mile019
6 Mile06
Islander Village05
Paga Hill012
Waigani017

A dash is not a zero. A median needs 30 priced listings behind it and a yield needs 30 on each side; 25 of these fall under that on at least one measure, so those figures are withheld rather than printed off a handful of homes.

Straight questions

The questions people ask about Town

Answered from the listings themselves, and recomputed every morning.

How much is rent in Town?

The typical asking rent is K3,500 a month, out of 85 rentals listed. The middle half ask between K2,200 and K5,300.

What kind of property is for sale in Town?

Mostly apatmen, haus, block of units / townhouse. Of the 7 homes for sale, 3 are listed as apatmen.

Living here

What Town is actually like

"Downtown" Port Moresby, situated between Paga Hill and Touaguba Hill; emerged towards the mid 1900s as a trade centre. With it's evergrowing skyline, this area has been long considered the CBD of Port Moresby with embassies, businesses and banks establishing their presence along Musgrave Street and Port Road. 

Nowadays, Port Moresby is expanding towards the suburbs of Waigani and Gordon, being more centrally located with plenty of potential to expand. However downtown Port Moresby continues to offer prime commercial space with new developments inclusive of the Harbourside Precinct and Noble Centre, offering waterfront views and quality office and retail spaces to cater for the formal market of Port Moresby. 

Being located close to the upmarket residential suburbs areas along Touaguba Hill and Paga Hill, Downtown Port Moresby offers some of the best restaurants and cafes with waterfront cafe's or hotel restaurants looking over Ela Beach. 

Every word above is already written, and already on the site.

From here

On the market in Town right now

12 to 1rentals outnumber homes for sale. Town is a landlord’s market before it is a buyer’s one.
6listings can be walked through on video before you visit in person.
1 of 7homes for sale state a floor area, which is what makes a price per square metre a real division.

Straight answers

What these figures are, and what we will not print

Where these figures come from, and where they stop.

Asking, not sold

Every price here is what a seller or landlord advertises on this site today. Cambodia publishes no register of transaction prices, so nobody can honestly print what homes actually sold for.

Why there is no price chart

Our historical figures are not measured consistently enough to compare one year with another, so we would rather show no trend line than a misleading one.

Small samples are withheld

A median needs 30 priced listings behind it, and a yield needs 30 on each side. Below that the figure is a dash. A dash is an admission; a number would be a claim.

Per square metre is computed

Price divided by floor area, every time, over the homes that state one. The per-square-metre figure agents type into the listing form is never used here.

These counts match the search

Every count is what the search results page returns for the same area, because it is the same query.

Written by people

The sections under "Living here" were researched, written and photographed for this site. Nothing on this page is generated prose.