The exodus of expats from Papua New Guinea due to COVID-19 has had a dramatic effect on the country’s real estate sector. Robert Upe reports.
Hausples launches new businesses on the back on ‘exponential’ internet traffic growth
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24 Mar 2021 by Leave a Comment
The COVID-19 crisis has forced companies in Papua New Guinea to find new ways of doing business. Matthew Care, Chief Executive and Founder of real estate portal Hausples, explains to Business Advantage PNG that his company has never been more innovative.
Top-end woes: expat flight affects Papua New Guinea’s high-end real estate
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20 May 2020 by Leave a Comment
The upper end of the housing market in Papua New Guinea is being adversely affected by the closure of the international borders, according to Tom Snelling, General Manager of property classifieds site Hausples.com. But he expects that there will be more movement in the cheaper areas of the real estate market.
Property still prohibitively expensive in Papua New Guinea
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24 Apr 2019 by Leave a Comment
A new report indicates that most Papua New Guineans still consider house prices to be out of reach, although some believe this is an ideal time for buying.
Hausples property survey finds a positive outlook towards property but prices are still considered unaffordable
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23 Apr 2018 by Leave a Comment
Hausples.com.pg has released its Real Estate Survey 2018, which shows that the biggest challenge for the market is supply side factors such as land titles, infrastructure and private sector investment. But it says these issues ‘are slowly being addressed’ and that there is ‘unequivocal market demand for housing at various price points.
Real estate demand still strong in Papua New Guinea despite fall in rental costs
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29 May 2014 by 1 Comment
Commercial real estate activity in Port Moresby and Lae remains strong despite a fall in demand for executive rentals associated with the winding down of the six-year construction phase of the ExxonMobil-led LNG PNG project.
Interview: Geoff Cundle, Steamships
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5 Feb 2013 by
One of PNG’s largest and most diversified companies has a new Managing Director. We caught up with Steamships’ Geoff Cundle (pictured below) a few weeks into his new job. Business Advantage PNG (BAPNG): This isn’t your first time working in PNG …? Geoff Cundle (GC): I was here about 20 years ago, again with Steamships, […]
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