What explains the exceptional growth of the property market in Papua New Guinea?
Construction
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Interviews & Viewpoints | OBG talks to Gudmundur Fridriksson, CEO, Paga Hill Estate: Interview from The Report: Papua New Guinea 2016
Articles & Analysis | A high-priority marine industrial zone project breaks ground in Papua New Guinea from The Report: Papua New Guinea 2016
More than a decade in the making, the construction phase of the Pacific Marine Industrial Zone (PMIZ) project in Madang Province now looks set to get under way in Papua New Guinea.
Articles & Analysis | Investors see potential in Papua New Guinea's affordable housing projects from The Report: Papua New Guinea 2016
With only 3% of land available to the government to build on and develop, the real estate sector in Papua New Guinea operates in a unique environment. Despite the majority of land being under customary ownership, with ownership rights held by extended family groups, there are still a number of opportunities for foreign investors and...
Articles & Analysis | Simplifying land allocation process proves complex in Papua New Guinea from The Report: Papua New Guinea 2016
The customary land ownership system in place since Papua New Guinea gained independence in 1975 could be about to undergo significant reform. Currently, most of PNG’s land belongs to its people, with the state owning the remaining 3%. Under customary tenure, ownership rights belong to an extended family group governed by traditional law. Very...
Chapter | Construction & Real Estate from The Report: Papua New Guinea 2016
Building on the momentum generated by the successful launch of the Papua New Guinea Liquefied Natural Gas project, the government continues to take the lead in stimulating construction activity in PNG, with various opportunities across the board from ports and road projects to a range of residential and commercial developments open to both domestic and foreign companies for participation and...
Higher levels of infrastructure investment in the coming months should help Ghana’s construction industry rally after a slow start to 2016, although rising costs risk squeezing profit margins.